610 Vz County Road 1501 · Van, TX 75790

$130,000

3 bd · 1.0 ba · 624 sqft · Manufactured public records · 102 Days on market

Built 1976 0.80 ac lot $208/sqft · 111% above area Est $167k · 22% under

---

Why this score? — see what drove the C 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 +20.2/30.0
• ARV discount +15.0/15.0
• DSCR +6.4/10.0
• 1% rule +4.8/10.0
• Schools +3.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in the countryside of Van Zandt County with this versatile property featuring two mobile homes on the land, offering several possibilities for country living, or investment potential. Both homes provide a great opportunity for the next owner to add their own personal style and updates to the interiors, creating spaces that truly feel like home. The property features open space with a scattered trees that add natural shade, and give the calm country setting. Enjoy the privacy, flexibility, and opportunity this property provides while still being conveniently located just 15–20 minutes from Canton. Canton has the famous First Monday Trade Days, one of the largest and oldest flea markets in the country, attracting many visitors year-round. Whether you're looking for a quiet country retreat or a property with long-term potential, this one offers it.

Key facts

• Privacy
• Open space
• Country living

Tags

• TWO MOBILE HOMES
• OPEN SPACE
• SCATTERED TREES
• PRIVACY
• INVESTMENT POTENTIAL
• COUNTRY LIVING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $130k.

Deal economics

• At list price, monthly cash flow is $164 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $128k (1.5% below list).
• Recommended offer: $118k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 2.3% in Van — 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 68/100 on livability (#505 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, schools D+, amenities F.
• Van ISD (rural): math 40% / reading 42% proficiency, ranked #390 of 826 in TX (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 86 active listings in the ZIP; 54 units permitted in Van Zandt County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $899 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Van Zandt County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 102 days — a 9% lower offer ($118k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 59% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,300 (9.0% below list)

Questions for the listing agent

1. It's been on market 102 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 D-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. 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.
7. 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.
8. 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: 0.98% ✗
• Cap rate: 7.81%
• Cash-on-cash: 5.41%
• DSCR: 1.24
• GRM: 8.5

CMA / ARV

• ARV (median comp): $167,000
• List price: $130,000
• Delta: -22.16%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -7.9%
• Equity multiple: 0.71×
• Total profit: $-10,635
• Equity at exit: $19,383

10-year hold

• IRR: 1.6%
• Equity multiple: 1.11×
• Total profit: $4,137
• Equity at exit: $11,240

Cash invested: $36,400 (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 75790

• Home prices YoY: -11.4%
• Active inventory: 86
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,280 medium
• Mortgage (P&I): −$682
• Tax from tax record: −$111 /mo · $1,336/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$269
• Net cashflow: $164

Break-even live

Break-even rent $1,072

Max offer price $130,000

Occupancy floor 82%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $130,000 Active 102 DOM
2. 2026-06-18
   days on market $130,000 Active 101 DOM
3. 2026-06-17
   days on market $130,000 Active 100 DOM
4. 2026-06-16
   days on market $130,000 Active 99 DOM
5. 2026-06-15
   days on market $130,000 Active 98 DOM
6. 2026-06-14
   days on market $130,000 Active 96 DOM
7. 2026-06-13
   days on market $130,000 Active 95 DOM
8. 2026-06-10
   days on market $130,000 Active 93 DOM
9. 2026-06-09
   days on market $130,000 Active 92 DOM
10. 2026-06-08
    days on market $130,000 Active 91 DOM
11. 2026-06-07
    pricedays on market $130,000 Active 90 DOM
12. 2026-06-02
    days on market $170,000 Active 85 DOM
13. 2026-06-01
    days on market $170,000 Active 84 DOM
14. 2026-05-31
    days on market $170,000 Active 83 DOM
15. 2026-05-30
    days on market $170,000 Active 82 DOM
16. 2026-03-09
    listed $170,000 Active 871-char remark

    Show marketing remark (871 chars)

    Located in the countryside of Van Zandt County with this versatile property featuring two mobile homes on the land, offering several possibilities for country living, or investment potential. Both homes provide a great opportunity for the next owner to add their own personal style and updates to the interiors, creating spaces that truly feel like home. The property features open space with a scattered trees that add natural shade, and give the calm country setting. Enjoy the privacy, flexibility, and opportunity this property provides while still being conveniently located just 15–20 minutes from Canton. Canton has the famous First Monday Trade Days, one of the largest and oldest flea markets in the country, attracting many visitors year-round. Whether you're looking for a quiet country retreat or a property with long-term potential, this one offers it.

17. 2010-09-03
    soldstatus
18. 2009-06-10
    soldstatus
19. 1993-02-16
    soldstatus
20. 1986-05-12
    soldstatus
21. 1985-01-15
    soldstatus

ⓘ 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: $1,336 · $111/mo
• Projected year-2 tax: $2,379 · $198/mo
• Expected delta: +$1,043/yr (+$87/mo · 78.1%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥109°F today · 25 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 59% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,360
• − Mortgage interest: −$7,282
• − Property taxes: −$1,336
• − Insurance: −$650
• − Repairs & maintenance: −$1,229
• − Management: −$1,229
• − Depreciation: −$3,782
• Taxable loss: −$147
• Est. tax savings @ 24.0%: +$35
• After-tax cash flow: $2,003/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: Van ISD
• NCES district ID: 4843920
• Math proficiency: 40% ▼ -8.00%
• Reading proficiency: 42% ▼ -5.00%
• Median HH income: $44,308
• Composite: 34.78/100
• National rank: #5120
• State rank: #390 of 826 in TX

Livability — Van

• Score: 68/100
• State rank: #505
• US rank: #9995

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 3,790
• Population (ZIP): 3,790

Population outlook (Van Zandt County) Hauer SSP2

• Today (2025): 55,634 people
• By 2030: 56,479 · +1.5%
• By 2040: 57,672 · +3.7%
• By 2050: 57,913 · +4.1%
• By 2075: 57,544 · +3.4%
• By 2100: 52,659 · -5.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Hispanic / Latino 15% Two or more races 6% Black 3%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Portuguese 2% Italian 1% Greek 1%
• Foreign-born: 4% · Canada
• Languages at home: 92% English-only · Spanish 8%

Political lean MEDSL · Van Zandt

• 2024 margin: Solid R (+74.8) · D 12.3% · R 87.2%
• 2008→2024 swing: -19.8pp toward R · 2008: -55.1pp · 2024: -74.8pp
• All cycles: 2024: R+74.8 2020: R+72.1 2016: R+72.1 2012: R+66.6 2008: R+55.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -27.57%
• Current HPI: 213.6886
• 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

6 events — show timeline

• 2026-03-09 Listed $170,000 NTREIS
• 2010-09-03 Sold (Public Records) — Public Records
• 2009-06-10 Sold (Public Records) — Public Records
• 1993-02-16 Sold (Public Records) — Public Records
• 1986-05-12 Sold (Public Records) — Public Records
• 1985-01-15 Sold (Public Records) — Public Records

Property tax history

+19.6%/yr

Latest (2025): $1,336 · +6.4% YoY. Source: county tax records.