42 Epsom Dr · Sherwood Shores, TX 76245

$219,900

4 bd · 3.0 ba · 2,128 sqft · Manufactured public records · 113 Days on market

Built 1999 0.46 ac lot ↓ 6% since listing

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +9.5/30.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• Schools +3.8/10.0
• DSCR +2.7/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0

Listing remarks MLS

Experience the best of Texoma living just minutes from it all. This beautiful lake retreat is within walking distance to Lake Texoma, only one mile from the boat ramp and campgrounds at Juniper Point, and minutes from MegaStar Casino., four area golf courses, Pelican's Landing, and Cedar Mills Marina,—making this the perfect hub for lake life, recreation, and entertainment.Situated on nearly half an acre and shaded by mature trees, this inviting home offers plenty of space for RVs, boats, and all your recreational toys, with easy access in and out of the property. Inside, the expansive open-concept design features a large family and dining area anchored by a huge kitchen island that flows seamlessly into the breakfast room and living space—ideal for entertaining. The oversized pantry showcases a full wall of cabinetry and additional space for a second refrigerator or freezer. The spacious primary suite includes dual closets, double vanities, a soaking tub, and a separate shower. Two secondary bedrooms share a well-appointed bath with abundant storage, while the fourth bedroom shares a bath with the family areas. Outdoor amenities include a generous deck with ramp access, partial fencing, and a small accessory building ideal for a workshop or storing lake gear. Major updates provide peace of mind, including a new roof in Dec. 2024 and PEX plumbing lines installed in December 2024, along with a new water heater in June 2024. Currently combined with 172 Mohawk and will need a new survey. This home is being sold with lots 4,5,420 &421. Whether you’re searching for a full-time residence, weekend getaway, or vacation investment property, this Texoma gem is a must-see.

Key facts

• Generous deck
• Ramp access
• Space for rvs

Tags

• ONE MILE FROM BOAT RAMP
• SHADED BY MATURE TREES
• SPACE FOR RVS
• OVERSIZED PANTRY
• GENEROUS DECK
• RAMP ACCESS

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath manufactured listed at $220k.

Deal economics

• At list price, monthly cash flow is $-154 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $193k (12.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $152k (30.7% below list).
• Recommended offer: $152k (30.7% below list) — sets the bar for 1% rule.
• Cap rate 5.5% vs local median 2.8% in Sherwood Shores — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 49/100 on livability (#1,519 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools F, crime F, amenities F.
• Whitesboro ISD (town): math 43% / reading 46% proficiency, ranked #272 of 826 in TX (top 33%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 354 active listings in the ZIP; 2,272 units permitted in Grayson County in 2024 (750 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($2k loan paydown + $-146 appreciation (-0.1% local appreciation)).
• Grayson County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 113 days — a 9% lower offer ($200k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $152,404 (30.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 113 days. Have you received any prior offers? Is the seller open to a 31% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.69% ✗
• Cap rate: 5.45%
• Cash-on-cash: -3.01%
• DSCR: 0.87
• GRM: 12.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.07% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -5.9%
• Equity multiple: 0.72×
• Total profit: $-17,023
• Equity at exit: $63,125

10-year hold

• IRR: 0.0%
• Equity multiple: 1.00×
• Total profit: $288
• Equity at exit: $75,302

Cash invested: $61,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 76245

• Home prices YoY: -0.1%
• Active inventory: 354
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $1,524 medium
• Mortgage (P&I): −$1,153
• Tax from tax record: −$114 /mo · $1,362/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$320
• Net cashflow: $-154

Break-even live

Break-even rent $1,719

Max offer price $192,633

Occupancy floor —

Sensitivity live

Price	-10% $-30	-5% $-92	+0% $-154	+5% $-217	+10% $-279
Rent	-10% $-275	-5% $-215	+0% $-154	+5% $-94	+10% $-34
Rate	-1.0pp $-44	-0.5pp $-98	base $-154	+0.5pp $-211	+1.0pp $-269

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $54,975
• Closing costs: $6,597
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-19
   days on market $219,900 Active 113 DOM
2. 2026-06-18
   days on market $219,900 Active 112 DOM
3. 2026-06-17
   days on market $219,900 Active 111 DOM
4. 2026-06-16
   days on market $219,900 Active 110 DOM
5. 2026-06-15
   days on market $219,900 Active 109 DOM
6. 2026-06-14
   days on market $219,900 Active 107 DOM
7. 2026-06-12
   days on market $219,900 Active 106 DOM
8. 2026-06-09
   days on market $219,900 Active 103 DOM
9. 2026-06-08
   days on market $219,900 Active 102 DOM
10. 2026-06-03
    days on market $219,900 Active 97 DOM
11. 2026-06-02
    days on market $219,900 Active 96 DOM
12. 2026-06-01
    days on market $219,900 Active 95 DOM
13. 2026-05-31
    days on market $219,900 Active 94 DOM
14. 2026-05-30
    days on market $219,900 Active 93 DOM
15. 2026-05-02
    price $249,900 1713-char remark

    Show marketing remark (1713 chars)

    Experience the best of Texoma living just minutes from it all. This beautiful lake retreat is within walking distance to Lake Texoma, only one mile from the boat ramp and campgrounds at Juniper Point, and minutes from MegaStar Casino., four area golf courses, Pelican's Landing, and Cedar Mills Marina,—making this the perfect hub for lake life, recreation, and entertainment.Situated on nearly half an acre and shaded by mature trees, this inviting home offers plenty of space for RVs, boats, and all your recreational toys, with easy access in and out of the property. Inside, the expansive open-concept design features a large family and dining area anchored by a huge kitchen island that flows seamlessly into the breakfast room and living space—ideal for entertaining. The oversized pantry showcases a full wall of cabinetry and additional space for a second refrigerator or freezer. The spacious primary suite includes dual closets, double vanities, a soaking tub, and a separate shower. Two secondary bedrooms share a well-appointed bath with abundant storage, while the fourth bedroom shares a bath with the family areas. Outdoor amenities include a generous deck with ramp access, partial fencing, and a small accessory building ideal for a workshop or storing lake gear. Major updates provide peace of mind, including a new roof in Dec. 2024 and PEX plumbing lines installed in December 2024, along with a new water heater in June 2024. Currently combined with 172 Mohawk and will need a new survey. This home is being sold with lots 4,5,420 &421. Whether you’re searching for a full-time residence, weekend getaway, or vacation investment property, this Texoma gem is a must-see.

16. 2026-02-26
    listed $265,000 Active 1713-char remark

    Show marketing remark (1713 chars)

    Experience the best of Texoma living just minutes from it all. This beautiful lake retreat is within walking distance to Lake Texoma, only one mile from the boat ramp and campgrounds at Juniper Point, and minutes from MegaStar Casino., four area golf courses, Pelican's Landing, and Cedar Mills Marina,—making this the perfect hub for lake life, recreation, and entertainment.Situated on nearly half an acre and shaded by mature trees, this inviting home offers plenty of space for RVs, boats, and all your recreational toys, with easy access in and out of the property. Inside, the expansive open-concept design features a large family and dining area anchored by a huge kitchen island that flows seamlessly into the breakfast room and living space—ideal for entertaining. The oversized pantry showcases a full wall of cabinetry and additional space for a second refrigerator or freezer. The spacious primary suite includes dual closets, double vanities, a soaking tub, and a separate shower. Two secondary bedrooms share a well-appointed bath with abundant storage, while the fourth bedroom shares a bath with the family areas. Outdoor amenities include a generous deck with ramp access, partial fencing, and a small accessory building ideal for a workshop or storing lake gear. Major updates provide peace of mind, including a new roof in Dec. 2024 and PEX plumbing lines installed in December 2024, along with a new water heater in June 2024. Currently combined with 172 Mohawk and will need a new survey. This home is being sold with lots 4,5,420 &421. Whether you’re searching for a full-time residence, weekend getaway, or vacation investment property, this Texoma gem is a must-see.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $1,362 · $114/mo
• Projected year-2 tax: $4,024 · $335/mo
• Expected delta: +$2,662/yr (+$222/mo · 195.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 6/10 Major 7 d/yr ≥109°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,288
• − Mortgage interest: −$12,318
• − Property taxes: −$1,362
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,463
• − Management: −$1,463
• − Depreciation: −$6,397
• Taxable loss: −$5,815
• Est. tax savings @ 24.0%: +$1,395
• After-tax cash flow: $-457/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Whitesboro ISD
• NCES district ID: 4845630
• Math proficiency: 43% ▼ -14.00%
• Reading proficiency: 46% ▼ -4.00%
• Median HH income: $49,672
• Composite: 38.19/100
• National rank: #4260
• State rank: #272 of 826 in TX

Livability — Sherwood Shores

• Score: 49/100
• State rank: #1519
• US rank: #25941

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A+ Health & safety F User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sherwood Shores, TX
• Population (ZIP): 1,778

Population outlook (Grayson County) Hauer SSP2

• Today (2025): 134,540 people
• By 2030: 138,653 · +3.1%
• By 2040: 145,958 · +8.5%
• By 2050: 151,218 · +12.4%
• By 2075: 161,802 · +20.3%
• By 2100: 159,036 · +18.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 6% Hispanic / Latino 5% Asian 3% Native American 1%
• Common ancestry: Portuguese 3% Romanian 3% Slovak 2%
• Foreign-born: 3% · Vietnam
• Languages at home: 92% English-only · Spanish 5% Vietnamese 3%

Political lean MEDSL · Grayson

• 2024 margin: Solid R (+54.3) · D 22.5% · R 76.7%
• 2008→2024 swing: -16.4pp toward R · 2008: -37.9pp · 2024: -54.3pp
• All cycles: 2024: R+54.3 2020: R+49.9 2016: R+53.1 2012: R+48.0 2008: R+37.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.07%
• Current HPI: 130.9903
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-5.7% since first listed

2 events — show timeline

• 2026-05-02 Price Changed $249,900 NTREIS
• 2026-02-26 Listed $265,000 NTREIS