300 Cherokee Ln · Onalaska, TX 77360

$115,000

2 bd · 2.0 ba · 1,064 sqft · Manufactured public records · 58 Days on market

Built 2022 0.36 ac lot $108/sqft · 25% below area Est $154k · 25% under $16/mo HOA · 1% of rent ↓ 23% since listing

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Why this score? — see what drove the B- 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 +23.6/30.0
• ARV discount +15.0/15.0
• DSCR +7.6/10.0
• 1% rule +6.5/10.0
• Appreciation +4.7/10.0
• Schools +4.1/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

* Tenant occupied until August. Investment opportunity * Welcome to the peaceful subdivision of Canyon Park where this charming home provides a comfortable and functional living space. Whilst situated on a spacious lot in a quaint neighborhood, this home boasts plenty of room for outdoor activities and potential expansion. Just minutes away from the scenic Lake Livingston, perfect for those who enjoy boating, fishing, or relaxing by the water. Ideal for those seeking a peaceful retreat with convenient access to local amenities and outdoor recreation. All appliances are included along with a washer and dryer. Large back porch has a wheelchair ramp.

Key facts

• Spacious lot
• Large back porch
• Wheelchair ramp

Tags

• SPACIOUS LOT
• LARGE BACK PORCH
• WHEELCHAIR RAMP

Property features AI

Finance

• Financial info: Lease considered
• HOA & community: Canyon Park Property Owners Association with an annual fee of $192

Exterior

• Utilities: Public water; Public sewer
• Home design: Residential property; Built in 2022
• Construction: Vinyl siding; Wood siding; Composition roof; Block foundation
• Exterior features: Cleared lot; Subdivision

Interior

• Kitchen: Kitchen on the first floor
• Bedrooms: Primary bedroom on the first floor; Additional bedroom on the second floor; Additional bedroom on the third floor
• Bathrooms: 2 full bathrooms; Primary bathroom on the first floor; Second-floor bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Utility room on the first floor; Living room on the first floor; 8 total rooms
• Laundry & utility: Utility room

🏷️ Possibly a rental listed for sale. The $115,000 price doesn't fit this home's estimated sale value (~$154,000) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $115k.

Deal economics

• At list price, monthly cash flow is $217 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $112k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 2.9% in Onalaska — 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 (#1,055 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, crime D+, amenities F.
• Onalaska ISD (rural): math 50% / reading 48% proficiency, ranked #213 of 826 in TX (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Onalaska Jr/Sr High (math 48% / reading 55%, grade D+, #478 of 1,632 statewide, top 29%, 527 students, 58% FRL) — zoned schools at 58% FRL track the district average.
• Market conditions: 352 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 769 units permitted in Polk County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $95 of equity ($795 loan paydown + $-700 appreciation (-0.6% local appreciation)).
• Polk County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-0.6% appreciation + 3.0% rent growth), your $32k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $111,550 (3.0% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is D 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?
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: 1.15% ✓
• Cap rate: 8.56%
• Cash-on-cash: 8.09%
• DSCR: 1.36
• GRM: 7.2

CMA / ARV

• ARV (median comp): $154,000
• List price: $115,000
• Delta: -25.32%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
303 W Lone Oak Rd	0.53mi	3/2.0 (+1)	1,064 (0%)	0mo	$112,999	$106	70

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

Projected returns pro-forma

-0.61% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 4.9%
• Equity multiple: 1.23×
• Total profit: $7,251
• Equity at exit: $29,935

10-year hold

• IRR: 10.9%
• Equity multiple: 2.11×
• Total profit: $35,798
• Equity at exit: $33,329

Cash invested: $32,200 (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 77360

• Home prices YoY: -0.4%
• Active inventory: 352
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,326 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$163 /mo · $1,961/yr
• Insurance: −$48
• HOA: −$16
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $217

Break-even live

Break-even rent $1,051

Max offer price $115,000

Occupancy floor 79%

Sensitivity live

Price	-10% $282	-5% $250	+0% $217	+5% $184	+10% $152
Rent	-10% $112	-5% $165	+0% $217	+5% $269	+10% $322
Rate	-1.0pp $275	-0.5pp $246	base $217	+0.5pp $187	+1.0pp $157

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
132 Broken Arrow Onalaska, TX	3.0	2.0	1000	$1,400	$1.40	44d	1	0.11mi
120 Farm to Market Road 356 Unit 4 Onalaska, TX	2.0	1.0	754	$875	$1.16	44d	1	0.50mi

HOA detail

• Monthly dues: $16 · $192/yr
• Likely covers: water

Listing history 25 events

1. 2026-06-21
   days on market $115,000 Active 58 DOM
2. 2026-06-19
   days on market $115,000 Active 56 DOM
3. 2026-06-18
   days on market $115,000 Active 55 DOM
4. 2026-06-17
   days on market $115,000 Active 54 DOM
5. 2026-06-16
   days on market $115,000 Active 53 DOM
6. 2026-06-15
   days on market $115,000 Active 52 DOM
7. 2026-06-14
   days on market $115,000 Active 50 DOM
8. 2026-06-13
   days on market $115,000 Active 49 DOM
9. 2026-06-10
   days on market $115,000 Active 47 DOM
10. 2026-06-09
    days on market $115,000 Active 46 DOM
11. 2026-06-08
    days on market $115,000 Active 45 DOM
12. 2026-06-07
    days on market $115,000 Active 44 DOM
13. 2026-06-05
    days on market $115,000 Active 41 DOM
14. 2026-06-03
    days on market $115,000 Active 40 DOM
15. 2026-06-02
    days on market $115,000 Active 39 DOM
16. 2026-06-01
    days on market $115,000 Active 38 DOM
17. 2026-05-31
    days on market $115,000 Active 37 DOM
18. 2026-05-30
    days on market $115,000 Active 36 DOM
19. 2026-04-24
    listed $115,000 Active 654-char remark
20. 2025-10-31
    historical
21. 2025-06-30
    historical $950
22. 2025-06-25
    listed $950
23. 2025-05-20
    price $130,000
24. 2025-03-27
    price $140,000
25. 2024-10-24
    listed $150,000 Active

ⓘ 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: $1,961 · $163/mo
• Projected year-2 tax: $2,104 · $175/mo
• Expected delta: +$144/yr (+$12/mo · 7.3%)

ⓘ 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 8/10 Severe 7 d/yr ≥111°F today · 23 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,910
• − Mortgage interest: −$6,442
• − Property taxes: −$1,961
• − Insurance: −$575
• − Repairs & maintenance: −$1,273
• − Management: −$1,273
• − HOA: −$192
• − Depreciation: −$3,345
• Taxable income: $850
• Est. tax owed @ 24.0%: −$204
• After-tax cash flow: $2,400/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: Onalaska ISD
• NCES district ID: 4833690
• Math proficiency: 50% ▼ -10.00%
• Reading proficiency: 48% ▼ -1.00%
• Median HH income: $38,882
• Composite: 40.91/100
• National rank: #3616
• State rank: #213 of 826 in TX

Livability — Onalaska

• Score: 60/100
• State rank: #1055
• US rank: #18716

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Onalaska, TX
• Population (ZIP): 6,130

Population outlook (Polk County) Hauer SSP2

• Today (2025): 51,049 people
• By 2030: 53,243 · +4.3%
• By 2040: 56,528 · +10.7%
• By 2050: 59,243 · +16.1%
• By 2075: 63,528 · +24.4%
• By 2100: 60,376 · +18.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Two or more races 10% Hispanic / Latino 8%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Lithuanian 4% Italian 2% Romanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 95% English-only · Spanish 5%

Political lean MEDSL · Polk

• 2024 margin: Solid R (+58.9) · D 20.2% · R 79.1%
• 2008→2024 swing: -21.7pp toward R · 2008: -37.2pp · 2024: -58.9pp
• All cycles: 2024: R+58.9 2020: R+54.5 2016: R+56.5 2012: R+48.2 2008: R+37.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.61%
• Current HPI: 150.9486
• 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

-23.3% since first listed

7 events — show timeline

• 2026-04-24 Listed $115,000 HARMLS
• 2025-10-31 Listing Removed — HARMLS
• 2025-06-30 Rental Removed $950 HARMLS
• 2025-06-25 Listed for Rent $950 HARMLS
• 2025-05-20 Price Changed $130,000 HARMLS
• 2025-03-27 Price Changed $140,000 HARMLS
• 2024-10-24 Listed $150,000 HARMLS

Property tax history

+54.3%/yr

Latest (2025): $1,961 · +10.2% YoY. Source: county tax records.