352 Kingwood Dr · Westwood Shores, TX 75862

$92,000

2 bd · 2.0 ba · 840 sqft · Manufactured public records · 87 Days on market

Built 2016 3,998 sqft lot $110/sqft · 35% above area Est $68k · 35% over $55/mo HOA · 5% of rent ↓ 4% since listing

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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 +24.5/30.0
• DSCR +7.9/10.0
• 1% rule +6.0/10.0
• Appreciation +4.7/10.0
• Schools +3.8/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

Enjoy Lake Living inside a gated, guard-attended community or just a weekend getaway, all of this for under $100K! Great opportunity to own land and a manufactured home, both fully owned and included in the sale. Relax in a peaceful, private setting with 24/7 security and access to the lake for boating/fishing with a dock and ramp. Subdivision amenities include community pool, clubhouse, basketball, putt putt, picnic area and playground. 2016 - Well maintained, one-owner home, ready for move in. Storage units are also included.

Key facts

• Gated community
• 24/7 security
• Access to the lake

Tags

• GATED COMMUNITY
• GUARD ATTENDED COMMUNITY
• 24/7 SECURITY
• ACCESS TO THE LAKE
• STORAGE UNITS INCLUDED

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $92k.

Deal economics

• At list price, monthly cash flow is $189 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $92k).
• Recommended offer: $86k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 3.6% in Westwood 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 62/100 on livability (#914 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• Groveton ISD (rural): math 45% / reading 46% proficiency, ranked #281 of 826 in TX (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 468 active listings in the ZIP; 1 units permitted in Trinity County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $160 of equity ($636 loan paydown + $-476 appreciation (-0.5% local appreciation)).
• Trinity County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-0.5% appreciation + 3.0% rent growth), your $26k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 87 days — a 6% lower offer ($86k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 97% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $86,480 (6.0% below list)

Questions for the listing agent

1. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 6% 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. 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. 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: 1.10% ✓
• Cap rate: 8.75%
• Cash-on-cash: 8.79%
• DSCR: 1.39
• GRM: 7.6

CMA / ARV

• ARV (median comp): $67,989
• List price: $92,000
• Delta: 35.32%
• Verdict: OVERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

-0.52% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 6.0%
• Equity multiple: 1.28×
• Total profit: $7,111
• Equity at exit: $24,361

10-year hold

• IRR: 11.8%
• Equity multiple: 2.21×
• Total profit: $31,295
• Equity at exit: $27,465

Cash invested: $25,760 (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 75862

• Home prices YoY: -0.3%
• Active inventory: 468
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,015 medium
• Mortgage (P&I): −$482
• Tax from tax record: −$38 /mo · $453/yr
• Insurance: −$38
• HOA: −$55
• Vacancy / Maint / Mgmt: −$213
• Net cashflow: $189

Break-even live

Break-even rent $777

Max offer price $92,000

Occupancy floor 76%

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: $23,000
• Closing costs: $2,760
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $55 · $660/yr
• Likely covers: poolsecurity

Listing history 18 events

1. 2026-06-19
   days on market $92,000 Active 87 DOM
2. 2026-06-18
   days on market $92,000 Active 86 DOM
3. 2026-06-17
   days on market $92,000 Active 85 DOM
4. 2026-06-16
   days on market $92,000 Active 84 DOM
5. 2026-06-15
   days on market $92,000 Active 83 DOM
6. 2026-06-14
   days on market $92,000 Active 81 DOM
7. 2026-06-13
   days on market $92,000 Active 80 DOM
8. 2026-06-10
   days on market $92,000 Active 78 DOM
9. 2026-06-09
   days on market $92,000 Active 77 DOM
10. 2026-06-08
    days on market $92,000 Active 76 DOM
11. 2026-06-07
    days on market $92,000 Active 75 DOM
12. 2026-06-05
    pricedays on market $92,000 Active 72 DOM
13. 2026-06-02
    days on market $95,000 Active 70 DOM
14. 2026-06-01
    days on market $95,000 Active 69 DOM
15. 2026-05-31
    days on market $95,000 Active 68 DOM
16. 2026-05-30
    days on market $95,000 Active 67 DOM
17. 2026-04-29
    price $95,000 537-char remark

    Show marketing remark (537 chars)

    Enjoy Lake Living inside a gated, guard-attended community or just a weekend getaway, all of this for under $100K! Great opportunity to own land and a manufactured home, both fully owned and included in the sale. Relax in a peaceful, private setting with 24/7 security and access to the lake for boating/fishing with a dock and ramp. Subdivision amenities include community pool, clubhouse, basketball, putt putt, picnic area and playground. 2016 - Well maintained, one-owner home, ready for move in. Storage units are also included.

18. 2026-03-24
    listed $99,000 Active 537-char remark

    Show marketing remark (537 chars)

    Enjoy Lake Living inside a gated, guard-attended community or just a weekend getaway, all of this for under $100K! Great opportunity to own land and a manufactured home, both fully owned and included in the sale. Relax in a peaceful, private setting with 24/7 security and access to the lake for boating/fishing with a dock and ramp. Subdivision amenities include community pool, clubhouse, basketball, putt putt, picnic area and playground. 2016 - Well maintained, one-owner home, ready for move in. Storage units are also included.

ⓘ 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: $453 · $38/mo
• Projected year-2 tax: $1,684 · $140/mo
• Expected delta: +$1,231/yr (+$103/mo · 271.9%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥111°F today · 24 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 97% 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: $12,184
• − Mortgage interest: −$5,153
• − Property taxes: −$453
• − Insurance: −$460
• − Repairs & maintenance: −$975
• − Management: −$975
• − HOA: −$660
• − Depreciation: −$2,676
• Taxable income: $832
• Est. tax owed @ 24.0%: −$200
• After-tax cash flow: $2,064/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: Groveton ISD
• NCES district ID: 4821900
• Math proficiency: 45% ▼ -2.00%
• Reading proficiency: 46% ▲ 1.00%
• Median HH income: $36,375
• Composite: 37.76/100
• National rank: #4348
• State rank: #281 of 826 in TX

Livability — Westwood Shores

• Score: 62/100
• State rank: #914
• US rank: #16347

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 10,030

Population outlook (Trinity County) Hauer SSP2

• Today (2025): 13,746 people
• By 2030: 13,333 · -3.0%
• By 2040: 12,542 · -8.8%
• By 2050: 11,942 · -13.1%
• By 2075: 10,871 · -20.9%
• By 2100: 9,784 · -28.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 12% Black 10% Two or more races 7%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Lithuanian 3% Serbian 2% Slovak 2%
• Foreign-born: 4% · Canada
• Languages at home: 89% English-only · Spanish 9% French/Haitian/Cajun 2%

Political lean MEDSL · Trinity

• 2024 margin: Solid R (+67.0) · D 16.2% · R 83.2%
• 2008→2024 swing: -31.3pp toward R · 2008: -35.7pp · 2024: -67.0pp
• All cycles: 2024: R+67.0 2020: R+61.3 2016: R+59.9 2012: R+46.9 2008: R+35.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.52%
• Current HPI: 174.6638
• 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

-4.0% since first listed

2 events — show timeline

• 2026-04-29 Price Changed $95,000 HARMLS
• 2026-03-24 Listed $99,000 HARMLS

Property tax history

+1.2%/yr

Latest (2025): $453 · -17.1% YoY. Source: county tax records.