664 Quail Creek Cir · Preston, TX 75076

$229,000

3 bd · 2.0 ba · 1,680 sqft · Manufactured public records · 73 Days on market

Built 1992 0.69 ac lot $136/sqft · 27% above area Est $180k · 27% over

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.1/10.0
• Schools +3.7/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to your lake life dream nestled in the serene Quail Creek community of Pottsboro, Texas near Lake Texoma! This charming 3-bedroom, 2-bathroom home delivers everything you need for waterside living without breaking the bank. Step inside to discover a roomy kitchen and living area perfectly designed for family gatherings, holiday feasts, and those lazy Sunday mornings with coffee in hand. The generous primary bedroom features an attached ensuite, offering a private retreat after long days on the water. Thoughtful accessibility features include an entry ramp and a handicap accessible primary shower, ensuring everyone feels welcome. A dedicated laundry room rounds out the interior conveniences. Now, let's talk about the outdoor magic. A spacious covered deck beckons you to relax, grill, and soak in the peaceful surroundings. The large lot provides breathing room that most lake properties simply cannot match, with ample parking space and paved roads leading right to your paved driveway. Got a boat, camper, or weekend toys? The property includes a recreational vehicle hookup and a detached enclosed storage ideal for your golf cart and other lake essentials. Location is where this gem truly shines. Highport Marina sits just about a mile away, putting you moments from open water adventures. Grab brunch at Schooner's Breakfast and Brunch or unwind with drinks and a sunset at The Island Bar and Grill — all practically in your backyard. Affordable lake living with this much character does not come around often. This is truly one of those properties you just need to see to appreciate. Schedule your showing today!

Key facts

• 0.69 acre lot
• 2 parking spots
• Built 1992

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $229k.

Deal economics

• At list price, monthly cash flow is $901 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $229k).
• Recommended offer: $215k (6.0% below list) — sets the bar for market timing.
• Cap rate 11.0% vs local median 2.9% in Preston — 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 56/100 on livability (#1,306 in TX) — a working-class tenant base; expect higher turnover. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D, schools F, amenities F.
• Pottsboro ISD (suburban): math 39% / reading 48% proficiency, ranked #288 of 826 in TX (top 35%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 292 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,272 units permitted in Grayson County in 2024 (750 in 5+ unit buildings).
• At $2,991/mo this rent would consume 47% of the median local household income ($77k/yr) (locally 169% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Grayson County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $64k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 73 days — a 6% lower offer ($215k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $215,260 (6.0% below list)

Questions for the listing agent

1. It's been on market 73 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.31% ✓
• Cap rate: 11.01%
• Cash-on-cash: 16.86%
• DSCR: 1.75
• GRM: 6.4

CMA / ARV

• ARV (median comp): $180,386
• List price: $229,000
• Delta: 26.95%
• Verdict: OVERPRICED
• Comps: 2 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
572 Quail Creek Cir	0.11mi	3/2.5	1,792 (+7%)	16mo	$299,000	$167	68

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 8.1%
• Equity multiple: 1.32×
• Total profit: $20,240
• Equity at exit: $34,145

10-year hold

• IRR: 17.3%
• Equity multiple: 2.43×
• Total profit: $91,389
• Equity at exit: $19,800

Cash invested: $64,120 (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 75076

• Home prices YoY: -17.3%
• Active inventory: 292
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $2,991 medium
• Mortgage (P&I): −$1,201
• Tax from tax record: −$166 /mo · $1,991/yr
• Insurance: −$95
• HOA: −$0
• Vacancy / Maint / Mgmt: −$628
• Net cashflow: $901

Break-even live

Break-even rent $1,851

Max offer price $229,000

Occupancy floor 65%

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: $57,250
• Closing costs: $6,870
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
290 Tanglewood Cir Unit 5441/42 Pottsboro, TX	2.0	2.5	1500	$4,500	$3.00	21d	1	1.20mi
290 Tanglewood Cir Unit 5437/38 Pottsboro, TX	2.0	2.5	1500	$3,500	$2.33	21d	1	1.20mi
2164 Tanglewood Blvd Pottsboro, TX	2.0	3.0	1262	$2,200	$1.74	21d	1	1.28mi

Listing history 18 events

1. 2026-06-19
   days on market $229,000 Active 73 DOM
2. 2026-06-18
   days on market $229,000 Active 72 DOM
3. 2026-06-17
   days on market $229,000 Active 71 DOM
4. 2026-06-16
   days on market $229,000 Active 70 DOM
5. 2026-06-15
   days on market $229,000 Active 69 DOM
6. 2026-06-14
   days on market $229,000 Active 67 DOM
7. 2026-06-13
   days on market $229,000 Active 66 DOM
8. 2026-06-10
   days on market $229,000 Active 64 DOM
9. 2026-06-09
   days on market $229,000 Active 63 DOM
10. 2026-06-08
    days on market $229,000 Active 62 DOM
11. 2026-06-07
    days on market $229,000 Active 61 DOM
12. 2026-06-03
    days on market $229,000 Active 57 DOM
13. 2026-06-02
    days on market $229,000 Active 56 DOM
14. 2026-06-01
    days on market $229,000 Active 55 DOM
15. 2026-05-31
    days on market $229,000 Active 54 DOM
16. 2026-05-30
    days on market $229,000 Active 53 DOM
17. 2026-04-07
    listed $229,000 Active 1654-char remark

    Show marketing remark (1654 chars)

    Welcome to your lake life dream nestled in the serene Quail Creek community of Pottsboro, Texas near Lake Texoma! This charming 3-bedroom, 2-bathroom home delivers everything you need for waterside living without breaking the bank. Step inside to discover a roomy kitchen and living area perfectly designed for family gatherings, holiday feasts, and those lazy Sunday mornings with coffee in hand. The generous primary bedroom features an attached ensuite, offering a private retreat after long days on the water. Thoughtful accessibility features include an entry ramp and a handicap accessible primary shower, ensuring everyone feels welcome. A dedicated laundry room rounds out the interior conveniences. Now, let's talk about the outdoor magic. A spacious covered deck beckons you to relax, grill, and soak in the peaceful surroundings. The large lot provides breathing room that most lake properties simply cannot match, with ample parking space and paved roads leading right to your paved driveway. Got a boat, camper, or weekend toys? The property includes a recreational vehicle hookup and a detached enclosed storage ideal for your golf cart and other lake essentials. Location is where this gem truly shines. Highport Marina sits just about a mile away, putting you moments from open water adventures. Grab brunch at Schooner's Breakfast and Brunch or unwind with drinks and a sunset at The Island Bar and Grill — all practically in your backyard. Affordable lake living with this much character does not come around often. This is truly one of those properties you just need to see to appreciate. Schedule your showing today!

18. 1994-01-24
    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: $1,991 · $166/mo
• Projected year-2 tax: $4,191 · $349/mo
• Expected delta: +$2,200/yr (+$183/mo · 110.5%)

ⓘ 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 6/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 16% 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: $35,895
• − Mortgage interest: −$12,828
• − Property taxes: −$1,991
• − Insurance: −$1,145
• − Repairs & maintenance: −$2,872
• − Management: −$2,872
• − Depreciation: −$6,662
• Taxable income: $7,527
• Est. tax owed @ 24.0%: −$1,806
• After-tax cash flow: $9,004/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: Pottsboro ISD
• NCES district ID: 4835580
• Math proficiency: 39% ▼ -11.00%
• Reading proficiency: 48% ▼ -6.00%
• Median HH income: $50,811
• Composite: 37.44/100
• National rank: #4414
• State rank: #288 of 826 in TX

Livability — Preston

• Score: 56/100
• State rank: #1306
• US rank: #22637

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Preston, TX
• County: Grayson County · 108,053 people
• Metro: Sherman-Denison, TX
• Population (ZIP): 7,989
• Household income: $76,919
• Rent vs Own: 18.2% rent · 81.8% own
• Severe rent burden: 169.0

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 7% Hispanic / Latino 3% Asian 1% Native American 1%
• Common ancestry: Serbian 2% Scottish 2% Scotch-Irish 2%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 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: ▼ -51.29%
• Current HPI: 244.52
• Rent YoY: —
• Metro: Sherman-Denison, 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

2 events — show timeline

• 2026-04-07 Listed $229,000 NTREIS
• 1994-01-24 Sold (Public Records) — Public Records

Property tax history

+4.4%/yr

Latest (2025): $1,991 · +10.0% YoY. Source: county tax records.