8927 Cartwright Dr · Weatherford, TX 76035

$145,000

2 bd · 1.0 ba · 1,248 sqft · Manufactured · 75 Days on market

Fair condition 0.28 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 +23.8/30.0
• DSCR +7.7/10.0
• ARV discount +7.5/15.0
• 1% rule +6.2/10.0
• Appreciation +4.1/10.0
• Schools +3.6/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks MLS

This renovated 2 bedrooms 1 bathroom singlewide sits on a quarter-acre lot in cresson. This move-in ready property has two additional bonus rooms that can be used as a bedroom or offices. Featuring an oversized covered carport that comfortably fits up to 4 vehicles. No HOA and no known restrictions. Property nestled in quiet countryside just outside of Cresson. You will enjoy the peaceful countryside of Ponderosa Hills subdivision.

Key facts

• Renovated
• Bonus rooms
• Quiet countryside

Tags

• RENOVATED
• BONUS ROOMS
• OVERSIZED COVERED CARPORT
• NO HOA
• QUIET COUNTRYSIDE
• PONDEROSA HILLS SUBDIVISION

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $145k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $278 ($3k/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: $136k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 2.7% in Weatherford — 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 71/100 on livability (#289 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: schools D+, health & safety D+, amenities F.
• Weatherford ISD (town): math 39% / reading 44% proficiency, ranked #321 of 826 in TX (top 39%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 97 active listings in the ZIP; 437 units permitted in Parker County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-1.9%/yr); year-one equity from $1k of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Parker County population projected at +32% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-1.9% appreciation + 3.0% rent growth), your $41k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 75 days — a 6% lower offer ($136k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; major 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 $136,300 (6.0% below list)

Questions for the listing agent

1. It's been on market 75 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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 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?
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: 1.12% ✓
• Cap rate: 8.59%
• Cash-on-cash: 8.22%
• DSCR: 1.37
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-1.87% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 0.7%
• Equity multiple: 1.03×
• Total profit: $1,231
• Equity at exit: $29,053

10-year hold

• IRR: 8.5%
• Equity multiple: 1.75×
• Total profit: $30,258
• Equity at exit: $25,684

Cash invested: $40,600 (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 76035

• Home prices YoY: -1.0%
• Active inventory: 97
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,621 medium
• Mortgage (P&I): −$760
• Tax est. 1.5%: −$181 /mo · $2,175/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$340
• Net cashflow: $278

Break-even live

Break-even rent $1,268

Max offer price $145,000

Occupancy floor 78%

Sensitivity live

Price	-10% $378	-5% $328	+0% $278	+5% $228	+10% $178
Rent	-10% $150	-5% $214	+0% $278	+5% $342	+10% $406
Rate	-1.0pp $351	-0.5pp $315	base $278	+0.5pp $241	+1.0pp $202

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   days on market $145,000 Active 75 DOM
2. 2026-06-17
   days on market $145,000 Active 74 DOM
3. 2026-06-16
   days on market $145,000 Active 73 DOM
4. 2026-06-15
   days on market $145,000 Active 72 DOM
5. 2026-06-13
   pricedays on market $145,000 Active 70 DOM
6. 2026-06-09
   days on market $150,000 Active 66 DOM
7. 2026-06-08
   days on market $150,000 Active 65 DOM
8. 2026-06-07
   days on market $150,000 Active 64 DOM
9. 2026-06-04
   days on market $150,000 Active 61 DOM
10. 2026-06-03
    days on market $150,000 Active 60 DOM
11. 2026-06-02
    days on market $150,000 Active 59 DOM
12. 2026-06-01
    days on market $150,000 Active 58 DOM
13. 2026-05-31
    days on market $150,000 Active 57 DOM
14. 2026-05-18
    price $150,000 435-char remark

    Show marketing remark (435 chars)

    This renovated 2 bedrooms 1 bathroom singlewide sits on a quarter-acre lot in cresson. This move-in ready property has two additional bonus rooms that can be used as a bedroom or offices. Featuring an oversized covered carport that comfortably fits up to 4 vehicles. No HOA and no known restrictions. Property nestled in quiet countryside just outside of Cresson. You will enjoy the peaceful countryside of Ponderosa Hills subdivision.

15. 2026-05-09
    price $160,000 435-char remark

    Show marketing remark (435 chars)

    This renovated 2 bedrooms 1 bathroom singlewide sits on a quarter-acre lot in cresson. This move-in ready property has two additional bonus rooms that can be used as a bedroom or offices. Featuring an oversized covered carport that comfortably fits up to 4 vehicles. No HOA and no known restrictions. Property nestled in quiet countryside just outside of Cresson. You will enjoy the peaceful countryside of Ponderosa Hills subdivision.

16. 2026-04-30
    price $165,000 435-char remark

    Show marketing remark (435 chars)

    This renovated 2 bedrooms 1 bathroom singlewide sits on a quarter-acre lot in cresson. This move-in ready property has two additional bonus rooms that can be used as a bedroom or offices. Featuring an oversized covered carport that comfortably fits up to 4 vehicles. No HOA and no known restrictions. Property nestled in quiet countryside just outside of Cresson. You will enjoy the peaceful countryside of Ponderosa Hills subdivision.

17. 2026-04-04
    listed $170,000 Active 435-char remark

    Show marketing remark (435 chars)

    This renovated 2 bedrooms 1 bathroom singlewide sits on a quarter-acre lot in cresson. This move-in ready property has two additional bonus rooms that can be used as a bedroom or offices. Featuring an oversized covered carport that comfortably fits up to 4 vehicles. No HOA and no known restrictions. Property nestled in quiet countryside just outside of Cresson. You will enjoy the peaceful countryside of Ponderosa Hills subdivision.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 7/10 Severe 7 d/yr ≥107°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: $19,446
• − Mortgage interest: −$8,122
• − Property taxes: −$2,175
• − Insurance: −$725
• − Repairs & maintenance: −$1,556
• − Management: −$1,556
• − Depreciation: −$4,218
• Taxable income: $1,095
• Est. tax owed @ 24.0%: −$263
• After-tax cash flow: $3,075/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.

Condition & rehab AI · 13 photos

Fair 45/100 Cosmetic rehab

This move-in ready singlewide has average exterior and interior conditions, with minor repairs and maintenance needed. Fresh paint and landscaping would significantly enhance its value.

Repairs flagged

• Minor fencing — Weathered and needs touch-up
• Minor vegetation — Overgrown and needs trimming

Value-add opportunities

• Both paint interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Both repair fencing — Fresh fencing improves safety and property value
• Both trim vegetation — Neat landscaping enhances curb appeal and property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
fencing · Weathered and needs touch-up	Minor	$500–3,000
vegetation · Overgrown and needs trimming	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Both paint interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both repair fencing — Fresh fencing improves safety and property value ↑
• Both trim vegetation — Neat landscaping enhances curb appeal and property value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Weatherford ISD
• NCES district ID: 4844800
• Math proficiency: 39% ▼ -3.00%
• Reading proficiency: 44% ▼ -2.00%
• Median HH income: $57,087
• Composite: 36.4/100
• National rank: #4679
• State rank: #321 of 826 in TX

Livability — Weatherford

• Score: 71/100
• State rank: #289
• US rank: #6648

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 60,150
• Population (ZIP): 3,247

Population outlook (Parker County) Hauer SSP2

• Today (2025): 147,426 people
• By 2030: 157,863 · +7.1%
• By 2040: 177,519 · +20.4%
• By 2050: 194,786 · +32.1%
• By 2075: 238,799 · +62.0%
• By 2100: 264,126 · +79.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 12% Two or more races 12% Black 11%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Slovak 6% Lithuanian 6% Iranian 2%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 6%

Political lean MEDSL · Parker

• 2024 margin: Solid R (+66.4) · D 16.4% · R 82.8%
• 2008→2024 swing: -11.2pp toward R · 2008: -55.2pp · 2024: -66.4pp
• All cycles: 2024: R+66.4 2020: R+64.4 2016: R+67.5 2012: R+65.8 2008: R+55.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1.87%
• Current HPI: 187.0174
• 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

-11.8% since first listed

4 events — show timeline

• 2026-05-18 Price Changed $150,000 NTREIS
• 2026-05-09 Price Changed $160,000 NTREIS
• 2026-04-30 Price Changed $165,000 NTREIS
• 2026-04-04 Listed $170,000 NTREIS