4214 Tejas Trl · Canyon Creek, TX 76048

$114,500

2 bd · 2.0 ba · 732 sqft · Manufactured public records · 207 Days on market

Built 2022 4,630 sqft lot $156/sqft · 19% above area Est $110k · at est. $25/mo HOA · 2% of rent

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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 +26.9/30.0
• DSCR +9.3/10.0
• 1% rule +6.2/10.0
• ARV discount +5.7/15.0
• Schools +4.0/10.0
• Livability +3.0/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this like brand new 2022 Clayton 14WX60L, 2 bedroom, 2 bath, 840 square feet single wide manufactured home located in the gated Lake Granbury community of Indian Harbor! This home and property shows pride of ownership throughout. Newer HVAC recently installed! Inside you will find wood look laminate flooring throughout, large open living room, open kitchen complete with black appliances. Refrigerator, stove, dishwasher. Separate utility room just off the kitchen with full washer and dryer connections. Breakfast area just off the kitchen with window views. Roomy master bedroom with ensuite bath and walk in closet. 2nd bedroom located at opposite end of the house for the ultimate in privacy. 2nd bedroom features a walk in closet and its own private bathroom. Exterior of home features a seasonal creek in the back of the property and an extra large front deck with plenty of room for grilling, sitting, and relaxing! Vinyl siding and a shingle roof. Large front patio area with views and privacy. Chain link fence and wood privacy fencing will give you a secure and private yard. Indian Harbor is a beautiful gated and guarded Lake Granbury community that features 24 hour security. Enjoy Lake Granbury access from a community boat ramp, community marina, community marina restaurant, community pool, walking trails, clubhouse, community library, and a community fire department. You get all these amenities with a very low cost HOA. Community is centrally located just minutes from Glen Rose and minutes from the Historic Granbury Square. Coop Electric, high speed internet, cable TV, and more all available. This cozy and cute mobile home is priced to sell and makes a perfect home for a first time homebuyer, investor, or someone looking to downsize.

Key facts

• Black appliances
• Open kitchen
• Breakfast area

Tags

• GATED LAKE GRANBURY COMMUNITY
• WOOD LOOK LAMINATE FLOORING
• OPEN KITCHEN
• BLACK APPLIANCES
• SEPARATE UTILITY ROOM
• BREAKFAST AREA

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $114k.

Deal economics

• At list price, monthly cash flow is $251 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $114k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 4.7% in Canyon Creek — 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 60/100 on livability (#1,102 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety D+, schools F, crime F.
• Granbury ISD (town): math 46% / reading 46% proficiency, ranked #237 of 826 in TX (top 29%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.1%/yr); 929 active listings in the ZIP; 125 units permitted in Hood County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $792 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Hood County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 207 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; major wind risk, 27% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $100,760 (12.0% below list)

Questions for the listing agent

1. It's been on market 207 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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: 1.12% ✓
• Cap rate: 9.62%
• Cash-on-cash: 11.89%
• DSCR: 1.53
• GRM: 7.4

CMA / ARV

• ARV (median comp): $110,000
• List price: $114,500
• Delta: 4.09%
• Verdict: FAIR
• Comps: 5 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4204 Tejas Trl	0.05mi	1/1.0 (-1)	656 (-10%)	13mo	$59,500	$91	60

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.1% rent growth · sell at horizon

5-year hold

• IRR: -4.2%
• Equity multiple: 0.84×
• Total profit: $-4,969
• Equity at exit: $17,072

10-year hold

• IRR: 3.2%
• Equity multiple: 1.21×
• Total profit: $6,752
• Equity at exit: $9,900

Cash invested: $32,060 (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 76048

• Home prices YoY: -23.4%
• Rents YoY: 1.1%
• Active inventory: 929
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,286 medium
• Mortgage (P&I): −$600
• Tax from tax record: −$25 /mo · $299/yr
• Insurance: −$48
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$25
• Vacancy / Maint / Mgmt: −$270
• Net cashflow: $251

Break-even live

Break-even rent $968

Max offer price $114,500

Occupancy floor 75%

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: $28,625
• Closing costs: $3,435
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $25 · $300/yr
• Likely covers: electricinternetcablepoolsecurity

Listing history 29 events

1. 2026-06-18
   days on market $114,500 Active 207 DOM
2. 2026-06-17
   days on market $114,500 Active 206 DOM
3. 2026-06-16
   days on market $114,500 Active 205 DOM
4. 2026-06-15
   days on market $114,500 Active 204 DOM
5. 2026-06-13
   days on market $114,500 Active 202 DOM
6. 2026-06-09
   days on market $114,500 Active 198 DOM
7. 2026-06-08
   days on market $114,500 Active 197 DOM
8. 2026-06-07
   days on market $114,500 Active 196 DOM
9. 2026-06-04
   days on market $114,500 Active 193 DOM
10. 2026-06-03
    days on market $114,500 Active 192 DOM
11. 2026-06-02
    days on market $114,500 Active 191 DOM
12. 2026-06-02
    days on market $114,500 Active 190 DOM
13. 2026-05-31
    days on market $114,500 Active 189 DOM
14. 2026-04-02
    price $114,500 1777-char remark

    Show marketing remark (1777 chars)

    Welcome home to this like brand new 2022 Clayton 14WX60L, 2 bedroom, 2 bath, 840 square feet single wide manufactured home located in the gated Lake Granbury community of Indian Harbor! This home and property shows pride of ownership throughout. Newer HVAC recently installed! Inside you will find wood look laminate flooring throughout, large open living room, open kitchen complete with black appliances. Refrigerator, stove, dishwasher. Separate utility room just off the kitchen with full washer and dryer connections. Breakfast area just off the kitchen with window views. Roomy master bedroom with ensuite bath and walk in closet. 2nd bedroom located at opposite end of the house for the ultimate in privacy. 2nd bedroom features a walk in closet and its own private bathroom. Exterior of home features a seasonal creek in the back of the property and an extra large front deck with plenty of room for grilling, sitting, and relaxing! Vinyl siding and a shingle roof. Large front patio area with views and privacy. Chain link fence and wood privacy fencing will give you a secure and private yard. Indian Harbor is a beautiful gated and guarded Lake Granbury community that features 24 hour security. Enjoy Lake Granbury access from a community boat ramp, community marina, community marina restaurant, community pool, walking trails, clubhouse, community library, and a community fire department. You get all these amenities with a very low cost HOA. Community is centrally located just minutes from Glen Rose and minutes from the Historic Granbury Square. Coop Electric, high speed internet, cable TV, and more all available. This cozy and cute mobile home is priced to sell and makes a perfect home for a first time homebuyer, investor, or someone looking to downsize.

15. 2025-12-06
    status Active 1777-char remark

    Show marketing remark (1777 chars)

    Welcome home to this like brand new 2022 Clayton 14WX60L, 2 bedroom, 2 bath, 840 square feet single wide manufactured home located in the gated Lake Granbury community of Indian Harbor! This home and property shows pride of ownership throughout. Newer HVAC recently installed! Inside you will find wood look laminate flooring throughout, large open living room, open kitchen complete with black appliances. Refrigerator, stove, dishwasher. Separate utility room just off the kitchen with full washer and dryer connections. Breakfast area just off the kitchen with window views. Roomy master bedroom with ensuite bath and walk in closet. 2nd bedroom located at opposite end of the house for the ultimate in privacy. 2nd bedroom features a walk in closet and its own private bathroom. Exterior of home features a seasonal creek in the back of the property and an extra large front deck with plenty of room for grilling, sitting, and relaxing! Vinyl siding and a shingle roof. Large front patio area with views and privacy. Chain link fence and wood privacy fencing will give you a secure and private yard. Indian Harbor is a beautiful gated and guarded Lake Granbury community that features 24 hour security. Enjoy Lake Granbury access from a community boat ramp, community marina, community marina restaurant, community pool, walking trails, clubhouse, community library, and a community fire department. You get all these amenities with a very low cost HOA. Community is centrally located just minutes from Glen Rose and minutes from the Historic Granbury Square. Coop Electric, high speed internet, cable TV, and more all available. This cozy and cute mobile home is priced to sell and makes a perfect home for a first time homebuyer, investor, or someone looking to downsize.

16. 2025-10-09
    status Pending 1777-char remark

    Show marketing remark (1777 chars)

    Welcome home to this like brand new 2022 Clayton 14WX60L, 2 bedroom, 2 bath, 840 square feet single wide manufactured home located in the gated Lake Granbury community of Indian Harbor! This home and property shows pride of ownership throughout. Newer HVAC recently installed! Inside you will find wood look laminate flooring throughout, large open living room, open kitchen complete with black appliances. Refrigerator, stove, dishwasher. Separate utility room just off the kitchen with full washer and dryer connections. Breakfast area just off the kitchen with window views. Roomy master bedroom with ensuite bath and walk in closet. 2nd bedroom located at opposite end of the house for the ultimate in privacy. 2nd bedroom features a walk in closet and its own private bathroom. Exterior of home features a seasonal creek in the back of the property and an extra large front deck with plenty of room for grilling, sitting, and relaxing! Vinyl siding and a shingle roof. Large front patio area with views and privacy. Chain link fence and wood privacy fencing will give you a secure and private yard. Indian Harbor is a beautiful gated and guarded Lake Granbury community that features 24 hour security. Enjoy Lake Granbury access from a community boat ramp, community marina, community marina restaurant, community pool, walking trails, clubhouse, community library, and a community fire department. You get all these amenities with a very low cost HOA. Community is centrally located just minutes from Glen Rose and minutes from the Historic Granbury Square. Coop Electric, high speed internet, cable TV, and more all available. This cozy and cute mobile home is priced to sell and makes a perfect home for a first time homebuyer, investor, or someone looking to downsize.

17. 2025-10-01
    historical Active Option Contract 1777-char remark

    Show marketing remark (1777 chars)

    Welcome home to this like brand new 2022 Clayton 14WX60L, 2 bedroom, 2 bath, 840 square feet single wide manufactured home located in the gated Lake Granbury community of Indian Harbor! This home and property shows pride of ownership throughout. Newer HVAC recently installed! Inside you will find wood look laminate flooring throughout, large open living room, open kitchen complete with black appliances. Refrigerator, stove, dishwasher. Separate utility room just off the kitchen with full washer and dryer connections. Breakfast area just off the kitchen with window views. Roomy master bedroom with ensuite bath and walk in closet. 2nd bedroom located at opposite end of the house for the ultimate in privacy. 2nd bedroom features a walk in closet and its own private bathroom. Exterior of home features a seasonal creek in the back of the property and an extra large front deck with plenty of room for grilling, sitting, and relaxing! Vinyl siding and a shingle roof. Large front patio area with views and privacy. Chain link fence and wood privacy fencing will give you a secure and private yard. Indian Harbor is a beautiful gated and guarded Lake Granbury community that features 24 hour security. Enjoy Lake Granbury access from a community boat ramp, community marina, community marina restaurant, community pool, walking trails, clubhouse, community library, and a community fire department. You get all these amenities with a very low cost HOA. Community is centrally located just minutes from Glen Rose and minutes from the Historic Granbury Square. Coop Electric, high speed internet, cable TV, and more all available. This cozy and cute mobile home is priced to sell and makes a perfect home for a first time homebuyer, investor, or someone looking to downsize.

18. 2025-09-26
    listed $115,900 Active 1777-char remark

    Show marketing remark (1777 chars)

    Welcome home to this like brand new 2022 Clayton 14WX60L, 2 bedroom, 2 bath, 840 square feet single wide manufactured home located in the gated Lake Granbury community of Indian Harbor! This home and property shows pride of ownership throughout. Newer HVAC recently installed! Inside you will find wood look laminate flooring throughout, large open living room, open kitchen complete with black appliances. Refrigerator, stove, dishwasher. Separate utility room just off the kitchen with full washer and dryer connections. Breakfast area just off the kitchen with window views. Roomy master bedroom with ensuite bath and walk in closet. 2nd bedroom located at opposite end of the house for the ultimate in privacy. 2nd bedroom features a walk in closet and its own private bathroom. Exterior of home features a seasonal creek in the back of the property and an extra large front deck with plenty of room for grilling, sitting, and relaxing! Vinyl siding and a shingle roof. Large front patio area with views and privacy. Chain link fence and wood privacy fencing will give you a secure and private yard. Indian Harbor is a beautiful gated and guarded Lake Granbury community that features 24 hour security. Enjoy Lake Granbury access from a community boat ramp, community marina, community marina restaurant, community pool, walking trails, clubhouse, community library, and a community fire department. You get all these amenities with a very low cost HOA. Community is centrally located just minutes from Glen Rose and minutes from the Historic Granbury Square. Coop Electric, high speed internet, cable TV, and more all available. This cozy and cute mobile home is priced to sell and makes a perfect home for a first time homebuyer, investor, or someone looking to downsize.

19. 2024-09-04
    soldstatus
20. 2023-07-07
    soldstatus
21. 2023-07-06
    soldstatus Closed 139-char remark

    Show marketing remark (139 chars)

    CASH ONLY investment opportunity. Everything on site to convey with the sale. With a few repairs this property could become a great rental.

22. 2023-06-22
    status Pending 139-char remark

    Show marketing remark (139 chars)

    CASH ONLY investment opportunity. Everything on site to convey with the sale. With a few repairs this property could become a great rental.

23. 2023-06-19
    historical Active Option Contract 139-char remark

    Show marketing remark (139 chars)

    CASH ONLY investment opportunity. Everything on site to convey with the sale. With a few repairs this property could become a great rental.

24. 2023-06-05
    status Pending 139-char remark

    Show marketing remark (139 chars)

    CASH ONLY investment opportunity. Everything on site to convey with the sale. With a few repairs this property could become a great rental.

25. 2023-06-02
    listed $25,000 Active 139-char remark

    Show marketing remark (139 chars)

    CASH ONLY investment opportunity. Everything on site to convey with the sale. With a few repairs this property could become a great rental.

26. 2005-01-31
    soldstatus
27. 2002-02-04
    soldstatus
28. 1995-11-03
    soldstatus
29. 1988-06-03
    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: $299 · $25/mo
• Projected year-2 tax: $2,095 · $175/mo
• Expected delta: +$1,796/yr (+$150/mo · 599.8%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 23 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,428
• − Mortgage interest: −$6,414
• − Property taxes: −$299
• − Insurance: −$1,370
• − Repairs & maintenance: −$1,234
• − Management: −$1,234
• − HOA: −$300
• − Depreciation: −$3,331
• Taxable income: $1,246
• Est. tax owed @ 24.0%: −$299
• After-tax cash flow: $2,714/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: Granbury ISD
• NCES district ID: 4821390
• Math proficiency: 46% ▬ 0.00%
• Reading proficiency: 46% ▲ 4.00%
• Median HH income: $55,856
• Composite: 40.04/100
• National rank: #3820
• State rank: #237 of 826 in TX

Livability — Canyon Creek

• Score: 60/100
• State rank: #1102
• US rank: #19485

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Hood County · 58,506 people
• Metro: Granbury, TX
• Population (ZIP): 27,000
• Household income: $70,346
• Rent vs Own: 26.4% rent · 73.6% own
• Severe rent burden: 612.0

Population outlook (Hood County) Hauer SSP2

• Today (2025): 63,502 people
• By 2030: 67,459 · +6.2%
• By 2040: 74,958 · +18.0%
• By 2050: 81,922 · +29.0%
• By 2075: 98,872 · +55.7%
• By 2100: 107,796 · +69.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Hispanic / Latino 14% Two or more races 11% Black 1%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Italian 2% Slovak 2% Portuguese 1%
• Foreign-born: 4% · Canada
• Languages at home: 89% English-only · Spanish 10%

Political lean MEDSL · Hood

• 2024 margin: Solid R (+66.0) · D 16.6% · R 82.6%
• 2008→2024 swing: -11.9pp toward R · 2008: -54.0pp · 2024: -66.0pp
• All cycles: 2024: R+66.0 2020: R+64.1 2016: R+66.5 2012: R+64.7 2008: R+54.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -83.25%
• Current HPI: 272.2126
• Rent YoY: ▲ 1.10%
• Metro: Granbury, TX
• 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

+358.0% since first listed

16 events — show timeline

• 2026-04-02 Price Changed $114,500 NTREIS
• 2025-12-06 Relisted — NTREIS
• 2025-10-09 Pending — NTREIS
• 2025-10-01 Contingent — NTREIS
• 2025-09-26 Listed $115,900 NTREIS
• 2024-09-04 Sold (Public Records) — Public Records
• 2023-07-07 Sold (Public Records) — Public Records
• 2023-07-06 Sold (MLS) — NTREIS
• 2023-06-22 Pending — NTREIS
• 2023-06-19 Contingent — NTREIS
• 2023-06-05 Pending — NTREIS
• 2023-06-02 Listed $25,000 NTREIS
• 2005-01-31 Sold (Public Records) — Public Records
• 2002-02-04 Sold (Public Records) — Public Records
• 1995-11-03 Sold (Public Records) — Public Records
• 1988-06-03 Sold (Public Records) — Public Records

Property tax history

+4.0%/yr

Latest (2025): $299 · -10.8% YoY. Source: county tax records.