10594 County Road 2138 · Seven Points, TX 75143

$144,900

3 bd · 2.0 ba · 1,216 sqft · Manufactured public records · 210 Days on market

Built 2019 1.00 ac lot ↓ 12% 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 +25.7/30.0
• DSCR +8.6/10.0
• ARV discount +7.5/15.0
• 1% rule +5.5/10.0
• Schools +4.3/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming country retreat near Cedar Creek Lake. Welcome to peaceful country living on approximately 0.43 acres in the Spring Valley Acres community, just minutes from Cedar Creek Lake. This 2019 single-wide manufactured home offers 3 bedrooms and 2 full bathrooms with approximately 1,216 sq ft of comfortable living space. Recent updates and improvements have been made to enhance the home’s appeal, including fresh interior paint, front porch repairs with new railing and support beams, and professionally clean carpets. Inside, you’ll find washer, dryer connections, ceiling, fans, and an electric water heater for every day convenience. The property features a large, partially fenced yard with scattered mature trees, providing plenty of space for outdoor activities, pets, or entertaining. A nice covered front porch offers a relaxing place to enjoy your morning coffee and the storage building as valuable functionality for hobbies or tools. Located close enough to Cedar Creek Lake for boating, fishing, and recreation, yet tucked away for privacy, this home is ideal as a primary residence, weekend get away, or investment opportunity. Come see the potential and make it your own!

Key facts

• Covered porch
• Open concept living
• Partially fenced

Tags

• COVERED PORCH
• OPEN CONCEPT LIVING
• LARGE WALK-IN CLOSET
• ADDITIONAL STORAGE SHELVES
• SMALL STORAGE BUILDING
• PARTIALLY FENCED

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $145k.

Deal economics

• At list price, monthly cash flow is $346 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $128k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.2% vs local median 3.1% in Seven Points — 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 (#1,063 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: employment D, amenities F, commute F.
• Malakoff ISD (town): math 48% / reading 54% proficiency, ranked #187 of 826 in TX (top 23%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Tool El (math 32% / reading 62%, grade D-, #1,006 of 4,322 statewide, top 25%, 267 students, 80% FRL); Malakoff Middle (math 48% / reading 54%, grade C, #326 of 1,662 statewide, top 20%, 323 students, 72% FRL); Malakoff H S (math 42% / reading 52%, grade D-, #591 of 1,632 statewide, top 38%, 378 students, 62% FRL).
• Market conditions: 442 active listings in the ZIP; 263 units permitted in Henderson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 210 days — a 12% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 65% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $127,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 210 days. Have you received any prior offers? Is the seller open to a 12% 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: 1.05% ✓
• Cap rate: 9.16%
• Cash-on-cash: 10.23%
• DSCR: 1.46
• GRM: 8.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -1.0%
• Equity multiple: 0.96×
• Total profit: $-1,528
• Equity at exit: $21,605

10-year hold

• IRR: 8.6%
• Equity multiple: 1.66×
• Total profit: $26,748
• Equity at exit: $12,528

Cash invested: $40,572 (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 75143

• Home prices YoY: -11.4%
• Active inventory: 442
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,517 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$33 /mo · $392/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$319
• Net cashflow: $346

Break-even live

Break-even rent $1,080

Max offer price $144,900

Occupancy floor 72%

Sensitivity live

Price	-10% $428	-5% $387	+0% $346	+5% $305	+10% $264
Rent	-10% $226	-5% $286	+0% $346	+5% $406	+10% $466
Rate	-1.0pp $419	-0.5pp $383	base $346	+0.5pp $308	+1.0pp $270

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: $36,225
• Closing costs: $4,347
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-19
   days on market $144,900 Active 210 DOM
2. 2026-06-18
   days on market $144,900 Active 209 DOM
3. 2026-06-17
   days on market $144,900 Active 208 DOM
4. 2026-06-16
   days on market $144,900 Active 207 DOM
5. 2026-06-15
   days on market $144,900 Active 206 DOM
6. 2026-06-14
   days on market $144,900 Active 204 DOM
7. 2026-06-12
   days on market $144,900 Active 203 DOM
8. 2026-06-09
   days on market $144,900 Active 200 DOM
9. 2026-06-08
   days on market $144,900 Active 199 DOM
10. 2026-06-07
    days on market $144,900 Active 198 DOM
11. 2026-06-02
    days on market $144,900 Active 193 DOM
12. 2026-06-01
    days on market $144,900 Active 192 DOM
13. 2026-05-31
    days on market $144,900 Active 191 DOM
14. 2026-05-30
    days on market $144,900 Active 190 DOM
15. 2026-05-14
    price $144,900 1201-char remark

    Show marketing remark (1188 chars)

    Charming country retreat near Cedar Creek Lake. Welcome to peaceful country living on approximately 0.43 acres in the Spring Valley Acres community, just minutes from Cedar Creek Lake. This 2019 single-wide manufactured home offers 3 bedrooms and 2 full bathrooms with approximately 1,216 sq ft of comfortable living space. Recent updates and improvements have been made to enhance the home's appeal, including fresh interior paint, front porch repairs with new railing and support beams, and professionally clean carpets. Inside, you'll find washer/dryer connections, ceiling, fans, and an electric water heater for every day convenience. The property features a large, partially fenced yard with scattered mature trees, providing plenty of space for outdoor activities, pets, or entertaining. A nice covered front porch offers a relaxing place to enjoy your morning coffee and the storage building as valuable functionality for hobbies or tools. Located close enough to Cedar Creek Lake for boating, fishing, and recreation, yet tucked away for privacy, this home is ideal as a primary residence, weekend get away, or investment opportunity. Come see the potential and make it your own!

16. 2026-05-14
    price $144,900 1188-char remark

    Show marketing remark (1188 chars)

    Charming country retreat near Cedar Creek Lake. Welcome to peaceful country living on approximately 0.43 acres in the Spring Valley Acres community, just minutes from Cedar Creek Lake. This 2019 single-wide manufactured home offers 3 bedrooms and 2 full bathrooms with approximately 1,216 sq ft of comfortable living space. Recent updates and improvements have been made to enhance the home's appeal, including fresh interior paint, front porch repairs with new railing and support beams, and professionally clean carpets. Inside, you'll find washer/dryer connections, ceiling, fans, and an electric water heater for every day convenience. The property features a large, partially fenced yard with scattered mature trees, providing plenty of space for outdoor activities, pets, or entertaining. A nice covered front porch offers a relaxing place to enjoy your morning coffee and the storage building as valuable functionality for hobbies or tools. Located close enough to Cedar Creek Lake for boating, fishing, and recreation, yet tucked away for privacy, this home is ideal as a primary residence, weekend get away, or investment opportunity. Come see the potential and make it your own!

17. 2026-05-05
    price $149,900 1201-char remark

    Show marketing remark (1201 chars)

    Charming country retreat near Cedar Creek Lake. Welcome to peaceful country living on approximately 0.43 acres in the Spring Valley Acres community, just minutes from Cedar Creek Lake. This 2019 single-wide manufactured home offers 3 bedrooms and 2 full bathrooms with approximately 1,216 sq ft of comfortable living space. Recent updates and improvements have been made to enhance the home’s appeal, including fresh interior paint, front porch repairs with new railing and support beams, and professionally clean carpets. Inside, you’ll find washer, dryer connections, ceiling, fans, and an electric water heater for every day convenience. The property features a large, partially fenced yard with scattered mature trees, providing plenty of space for outdoor activities, pets, or entertaining. A nice covered front porch offers a relaxing place to enjoy your morning coffee and the storage building as valuable functionality for hobbies or tools. Located close enough to Cedar Creek Lake for boating, fishing, and recreation, yet tucked away for privacy, this home is ideal as a primary residence, weekend get away, or investment opportunity. Come see the potential and make it your own!

18. 2026-05-04
    price $149,900 1188-char remark

    Show marketing remark (1188 chars)

    Charming country retreat near Cedar Creek Lake. Welcome to peaceful country living on approximately 0.43 acres in the Spring Valley Acres community, just minutes from Cedar Creek Lake. This 2019 single-wide manufactured home offers 3 bedrooms and 2 full bathrooms with approximately 1,216 sq ft of comfortable living space. Recent updates and improvements have been made to enhance the home's appeal, including fresh interior paint, front porch repairs with new railing and support beams, and professionally clean carpets. Inside, you'll find washer/dryer connections, ceiling, fans, and an electric water heater for every day convenience. The property features a large, partially fenced yard with scattered mature trees, providing plenty of space for outdoor activities, pets, or entertaining. A nice covered front porch offers a relaxing place to enjoy your morning coffee and the storage building as valuable functionality for hobbies or tools. Located close enough to Cedar Creek Lake for boating, fishing, and recreation, yet tucked away for privacy, this home is ideal as a primary residence, weekend get away, or investment opportunity. Come see the potential and make it your own!

19. 2026-03-27
    price $154,900 1201-char remark

    Show marketing remark (1188 chars)

    Charming country retreat near Cedar Creek Lake. Welcome to peaceful country living on approximately 0.43 acres in the Spring Valley Acres community, just minutes from Cedar Creek Lake. This 2019 single-wide manufactured home offers 3 bedrooms and 2 full bathrooms with approximately 1,216 sq ft of comfortable living space. Recent updates and improvements have been made to enhance the home's appeal, including fresh interior paint, front porch repairs with new railing and support beams, and professionally clean carpets. Inside, you'll find washer/dryer connections, ceiling, fans, and an electric water heater for every day convenience. The property features a large, partially fenced yard with scattered mature trees, providing plenty of space for outdoor activities, pets, or entertaining. A nice covered front porch offers a relaxing place to enjoy your morning coffee and the storage building as valuable functionality for hobbies or tools. Located close enough to Cedar Creek Lake for boating, fishing, and recreation, yet tucked away for privacy, this home is ideal as a primary residence, weekend get away, or investment opportunity. Come see the potential and make it your own!

20. 2026-03-27
    price $154,900 1188-char remark

    Show marketing remark (1188 chars)

    Charming country retreat near Cedar Creek Lake. Welcome to peaceful country living on approximately 0.43 acres in the Spring Valley Acres community, just minutes from Cedar Creek Lake. This 2019 single-wide manufactured home offers 3 bedrooms and 2 full bathrooms with approximately 1,216 sq ft of comfortable living space. Recent updates and improvements have been made to enhance the home's appeal, including fresh interior paint, front porch repairs with new railing and support beams, and professionally clean carpets. Inside, you'll find washer/dryer connections, ceiling, fans, and an electric water heater for every day convenience. The property features a large, partially fenced yard with scattered mature trees, providing plenty of space for outdoor activities, pets, or entertaining. A nice covered front porch offers a relaxing place to enjoy your morning coffee and the storage building as valuable functionality for hobbies or tools. Located close enough to Cedar Creek Lake for boating, fishing, and recreation, yet tucked away for privacy, this home is ideal as a primary residence, weekend get away, or investment opportunity. Come see the potential and make it your own!

21. 2026-02-19
    price $159,900 1201-char remark

    Show marketing remark (1188 chars)

    Charming country retreat near Cedar Creek Lake. Welcome to peaceful country living on approximately 0.43 acres in the Spring Valley Acres community, just minutes from Cedar Creek Lake. This 2019 single-wide manufactured home offers 3 bedrooms and 2 full bathrooms with approximately 1,216 sq ft of comfortable living space. Recent updates and improvements have been made to enhance the home's appeal, including fresh interior paint, front porch repairs with new railing and support beams, and professionally clean carpets. Inside, you'll find washer/dryer connections, ceiling, fans, and an electric water heater for every day convenience. The property features a large, partially fenced yard with scattered mature trees, providing plenty of space for outdoor activities, pets, or entertaining. A nice covered front porch offers a relaxing place to enjoy your morning coffee and the storage building as valuable functionality for hobbies or tools. Located close enough to Cedar Creek Lake for boating, fishing, and recreation, yet tucked away for privacy, this home is ideal as a primary residence, weekend get away, or investment opportunity. Come see the potential and make it your own!

22. 2026-02-19
    price $159,900 1188-char remark

    Show marketing remark (1188 chars)

    Charming country retreat near Cedar Creek Lake. Welcome to peaceful country living on approximately 0.43 acres in the Spring Valley Acres community, just minutes from Cedar Creek Lake. This 2019 single-wide manufactured home offers 3 bedrooms and 2 full bathrooms with approximately 1,216 sq ft of comfortable living space. Recent updates and improvements have been made to enhance the home's appeal, including fresh interior paint, front porch repairs with new railing and support beams, and professionally clean carpets. Inside, you'll find washer/dryer connections, ceiling, fans, and an electric water heater for every day convenience. The property features a large, partially fenced yard with scattered mature trees, providing plenty of space for outdoor activities, pets, or entertaining. A nice covered front porch offers a relaxing place to enjoy your morning coffee and the storage building as valuable functionality for hobbies or tools. Located close enough to Cedar Creek Lake for boating, fishing, and recreation, yet tucked away for privacy, this home is ideal as a primary residence, weekend get away, or investment opportunity. Come see the potential and make it your own!

23. 2025-11-21
    listed $165,000 Active 1201-char remark

    Show marketing remark (1188 chars)

    Charming country retreat near Cedar Creek Lake. Welcome to peaceful country living on approximately 0.43 acres in the Spring Valley Acres community, just minutes from Cedar Creek Lake. This 2019 single-wide manufactured home offers 3 bedrooms and 2 full bathrooms with approximately 1,216 sq ft of comfortable living space. Recent updates and improvements have been made to enhance the home's appeal, including fresh interior paint, front porch repairs with new railing and support beams, and professionally clean carpets. Inside, you'll find washer/dryer connections, ceiling, fans, and an electric water heater for every day convenience. The property features a large, partially fenced yard with scattered mature trees, providing plenty of space for outdoor activities, pets, or entertaining. A nice covered front porch offers a relaxing place to enjoy your morning coffee and the storage building as valuable functionality for hobbies or tools. Located close enough to Cedar Creek Lake for boating, fishing, and recreation, yet tucked away for privacy, this home is ideal as a primary residence, weekend get away, or investment opportunity. Come see the potential and make it your own!

24. 2025-11-21
    listed $165,000 Active 1188-char remark

    Show marketing remark (1188 chars)

    Charming country retreat near Cedar Creek Lake. Welcome to peaceful country living on approximately 0.43 acres in the Spring Valley Acres community, just minutes from Cedar Creek Lake. This 2019 single-wide manufactured home offers 3 bedrooms and 2 full bathrooms with approximately 1,216 sq ft of comfortable living space. Recent updates and improvements have been made to enhance the home's appeal, including fresh interior paint, front porch repairs with new railing and support beams, and professionally clean carpets. Inside, you'll find washer/dryer connections, ceiling, fans, and an electric water heater for every day convenience. The property features a large, partially fenced yard with scattered mature trees, providing plenty of space for outdoor activities, pets, or entertaining. A nice covered front porch offers a relaxing place to enjoy your morning coffee and the storage building as valuable functionality for hobbies or tools. Located close enough to Cedar Creek Lake for boating, fishing, and recreation, yet tucked away for privacy, this home is ideal as a primary residence, weekend get away, or investment opportunity. Come see the potential and make it your own!

25. 2022-01-12
    soldstatus
26. 2022-01-07
    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: $392 · $33/mo
• Projected year-2 tax: $2,652 · $221/mo
• Expected delta: +$2,259/yr (+$188/mo · 576.0%)

ⓘ 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 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 27 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 65% 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: $18,208
• − Mortgage interest: −$8,117
• − Property taxes: −$392
• − Insurance: −$724
• − Repairs & maintenance: −$1,457
• − Management: −$1,457
• − Depreciation: −$4,215
• Taxable income: $1,846
• Est. tax owed @ 24.0%: −$443
• After-tax cash flow: $3,706/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: Malakoff ISD
• NCES district ID: 4828780
• Math proficiency: 48% ▼ -14.00%
• Reading proficiency: 54% ▼ -5.00%
• Median HH income: $38,970
• Composite: 42.54/100
• National rank: #3200
• State rank: #187 of 826 in TX

Livability — Seven Points

• Score: 60/100
• State rank: #1063
• US rank: #18899

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 14,676

Population outlook (Henderson County) Hauer SSP2

• Today (2025): 80,471 people
• By 2030: 80,608 · +0.2%
• By 2040: 80,087 · -0.5%
• By 2050: 78,208 · -2.8%
• By 2075: 72,423 · -10.0%
• By 2100: 61,012 · -24.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Hispanic / Latino 13% Two or more races 8% Black 2%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Italian 2% Iranian 2% Lithuanian 1%
• Foreign-born: 4% · Canada, China
• Languages at home: 90% English-only · Spanish 9%

Political lean MEDSL · Henderson

• 2024 margin: Solid R (+63.5) · D 18.0% · R 81.4%
• 2008→2024 swing: -18.8pp toward R · 2008: -44.6pp · 2024: -63.5pp
• All cycles: 2024: R+63.5 2020: R+60.2 2016: R+60.0 2012: R+54.8 2008: R+44.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -42.99%
• Current HPI: 332.57
• 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

-12.2% since first listed

12 events — show timeline

• 2026-05-14 Price Changed $144,900 NTREIS
• 2026-05-14 Price Changed $144,900 HCBOR
• 2026-05-05 Price Changed $149,900 NTREIS
• 2026-05-04 Price Changed $149,900 HCBOR
• 2026-03-27 Price Changed $154,900 NTREIS
• 2026-03-27 Price Changed $154,900 HCBOR
• 2026-02-19 Price Changed $159,900 NTREIS
• 2026-02-19 Price Changed $159,900 HCBOR
• 2025-11-21 Listed $165,000 HCBOR
• 2025-11-21 Listed $165,000 NTREIS
• 2022-01-12 Sold (Public Records) — Public Records
• 2022-01-07 Sold (Public Records) — Public Records

Property tax history

-4.2%/yr

Latest (2025): $392 · +20.6% YoY. Source: county tax records.