3721 Longbranch Dr · Crandall, TX 75114

$232,499

3 bd · 2.0 ba · 1,302 sqft · Land · 17 Days on market

Built 2025 5,663 sqft lot $179/sqft · at area comps Est $225k · at est. $63/mo HOA · 3% of rent ↓ 7% since listing

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Why this score? — see what drove the D+ 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 +18.9/30.0
• ARV discount +6.1/15.0
• DSCR +6.0/10.0
• 1% rule +4.4/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

Key facts

• 5,663 sq ft lot
• 2 garage spots
• Built 2025

Property features AI

Finance

• Other: Builder special listing condition; Possession at closing/funding
• Financial info: Accepts Cash, Conventional, FHA, USDA, and VA loans; No second mortgage
• HOA & community: Mandatory association; Annual association fee of 750; Association includes full use of facilities, grounds maintenance, and management fees; HOA managed by Essex Management

Exterior

• Parking: Attached 2-car garage (garage faces front); 2 covered parking spaces
• Security: Carbon monoxide detector(s); Fire alarm; Smoke detector(s)
• Utilities: City water; City sewer; Concrete (drive/approach); Municipal utility district; Sidewalk
• Home design: Single family residence (attached); One story; New construction - incomplete (year built 2025)
• Construction: Brick and siding exterior; Composition roof; Slab foundation; Built in 2025 (new construction - incomplete)
• Exterior features: Wood fencing; Few trees; Interior lot; Landscaped yard; Sprinkler system; Curbs and sidewalks

Interior

• Kitchen: Gas oven and gas range; Microwave; Dishwasher; Vented exhaust fan; Kitchen island; Natural stone/granite counters; Built-in cabinets; Walk-in pantry
• Bedrooms: 3 bedrooms (all on the main level); Primary bedroom with dual sinks, linen closet, and walk-in closet
• Flooring: Carpet; Other
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric); ENERGY STAR qualified equipment; Thermostat listed as energy-efficient feature
• Interior features: Built-in features; Cable TV available; Decorative lighting; High-speed internet available; Kitchen island; Open floorplan; Pantry; Walk-in closet(s); Room count: 6; One level
• Laundry & utility: Energy-efficient water heater listed under green features

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $232k.

Deal economics

• At list price, monthly cash flow is $240 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $219k (6.0% below list).
• Recommended offer: $219k (6.0% below list) — sets the bar for 1% rule.
• Cap rate 7.5% vs local median 5.3% in Crandall — 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 68/100 on livability (#507 in TX) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Crandall ISD (rural): math 36% / reading 42% proficiency, ranked #351 of 826 in TX (top 42%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Noble Reed (math 32% / reading 36%, grade F, #2,149 of 4,322 statewide, top 50%, 595 students, 74% FRL); Crandall Middle (math 38% / reading 42%, grade F, #646 of 1,662 statewide, top 40%, 983 students, 60% FRL); Crandall H S (math 33% / reading 53%, grade F, #713 of 1,632 statewide, top 44%, 1,707 students, 56% FRL) — zoned schools average 63% FRL vs 41% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 802 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,747 units permitted in Kaufman County in 2024 (180 in 5+ unit buildings).

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.
• Kaufman County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($229k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Recommended offer $218,655 (6.0% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. Crime grade is F 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.94% ✗
• Cap rate: 7.53%
• Cash-on-cash: 4.42%
• DSCR: 1.20
• GRM: 8.9

CMA / ARV

• ARV (median comp): $225,439
• List price: $232,499
• Delta: 3.13%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -9.4%
• Equity multiple: 0.66×
• Total profit: $-22,440
• Equity at exit: $34,666

10-year hold

• IRR: -0.0%
• Equity multiple: 1.00×
• Total profit: $-34
• Equity at exit: $20,102

Cash invested: $65,100 (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 75114

• Home prices YoY: -26.7%
• Active inventory: 802
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $2,187 high
• Mortgage (P&I): −$1,219
• Tax from tax record: −$108 /mo · $1,301/yr
• Insurance: −$97
• HOA: −$63
• Vacancy / Maint / Mgmt: −$459
• Net cashflow: $240

Break-even live

Break-even rent $1,883

Max offer price $232,499

Occupancy floor 84%

Sensitivity live

Price	-10% $371	-5% $306	+0% $240	+5% $174	+10% $108
Rent	-10% $67	-5% $153	+0% $240	+5% $326	+10% $413
Rate	-1.0pp $357	-0.5pp $299	base $240	+0.5pp $180	+1.0pp $118

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: $58,125
• Closing costs: $6,975
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1322 Olivewood Pl Crandall, TX	3.0	2.0	1458	$2,100	$1.44	9d	1	0.22mi
1322 Olivewood Pl Crandall, TX	3.0	2.0	1458	$2,100	$1.44	0d	1	0.22mi
505 S 5th St Crandall, TX	3.0	2.0	1360	$1,900	$1.40	45d	1	1.14mi
106 N 4th St Crandall, TX	3.0	2.0	1200	$2,000	$1.67	45d	1	1.28mi
106 W Church St Crandall, TX	2.0	1.0	984	$1,500	$1.52	22d	1	1.35mi
2043 Serval Ln Crandall, TX	3.0	2.0	1544	$2,100	$1.36	45d	1	1.48mi

HOA detail

• Monthly dues: $63 · $756/yr

Listing history 17 events

1. 2026-06-21
   days on market $232,499 Active 17 DOM
2. 2026-06-18
   days on market $232,499 Active 14 DOM
3. 2026-06-17
   days on market $232,499 Active 13 DOM
4. 2026-06-16
   days on market $232,499 Active 12 DOM
5. 2026-06-15
   days on market $232,499 Active 11 DOM
6. 2026-06-13
   days on market $232,499 Active 9 DOM
7. 2026-06-09
   days on market $232,499 Active 5 DOM
8. 2026-06-08
   days on market $232,499 Active 4 DOM
9. 2026-06-07
   remarks 459-char remark
10. 2026-06-07
    days on marketlisting id $232,499 Active 3 DOM
11. 2026-06-04
    days on market $232,499 Active 33 DOM
12. 2026-06-03
    days on market $232,499 Active 32 DOM
13. 2026-06-02
    days on market $232,499 Active 31 DOM
14. 2026-06-01
    days on market $232,499 Active 30 DOM
15. 2026-05-31
    days on market $232,499 Active 29 DOM
16. 2026-05-03
    price $232,499 380-char remark

    Show marketing remark (380 chars)

    This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

17. 2026-05-02
    listed $248,999 Active 380-char remark

    Show marketing remark (380 chars)

    This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

ⓘ 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: $1,301 · $108/mo
• Projected year-2 tax: $4,255 · $355/mo
• Expected delta: +$2,954/yr (+$246/mo · 227.1%)

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

Taxation est. · year 1

• Rental income: $26,239
• − Mortgage interest: −$13,024
• − Property taxes: −$1,301
• − Insurance: −$1,162
• − Repairs & maintenance: −$2,099
• − Management: −$2,099
• − HOA: −$756
• − Depreciation: −$6,764
• Taxable loss: −$966
• Est. tax savings @ 24.0%: +$232
• After-tax cash flow: $3,110/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: Crandall ISD
• NCES district ID: 4815510
• Math proficiency: 36% ▼ -13.00%
• Reading proficiency: 42% ▼ -8.00%
• Median HH income: $70,076
• Composite: 35.57/100
• National rank: #4901
• State rank: #351 of 826 in TX

Livability — Crandall

• Score: 68/100
• State rank: #507
• US rank: #10022

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Crandall, TX
• County: Kaufman County · 122,338 people
• City population: 9,333
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 9,333
• Household income: $88,013
• Rent vs Own: 12.7% rent · 87.3% own
• Severe rent burden: 33.0

Population outlook (Kaufman County) Hauer SSP2

• Today (2025): 138,716 people
• By 2030: 150,815 · +8.7%
• By 2040: 174,877 · +26.1%
• By 2050: 198,020 · +42.8%
• By 2075: 251,908 · +81.6%
• By 2100: 285,325 · +105.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 48% Hispanic / Latino 36% Two or more races 14% Black 14%
• Hispanic origin (detail): Mexican 34%
• Common ancestry: Slovak 1%
• Foreign-born: 18% · Canada, China
• Languages at home: 71% English-only · Spanish 27% Other Indo-European 1%

Political lean MEDSL · Kaufman

• 2024 margin: Strong R (+27.9) · D 35.6% · R 63.5%
• 2008→2024 swing: +7.9pp toward D · 2008: -35.8pp · 2024: -27.9pp
• All cycles: 2024: R+27.9 2020: R+33.9 2016: R+47.0 2012: R+44.4 2008: R+35.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -71.61%
• Current HPI: 196.4773
• Rent YoY: —
• Metro: Dallas-Fort Worth-Arlington, 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

-6.6% since first listed

3 events — show timeline

• 2026-06-04 Listed $232,499 NTREIS
• 2026-05-03 Price Changed $232,499 Zillow
• 2026-05-02 Listed $248,999 Zillow

Property tax history

-7.4%/yr

Latest (2025): $1,301 · -7.4% YoY. Source: county tax records.