109 PR 5881a · Jewett, TX 75846

$99,000

3 bd · 2.0 ba · 1,216 sqft · Manufactured · 433 Days on market

Built 1998 2.00 ac lot ↓ 27% 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 +24.1/30.0
• DSCR +7.8/10.0
• ARV discount +7.5/15.0
• 1% rule +6.5/10.0
• Appreciation +5.0/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

Price Reduced!!! Minutes from Lake Limestone! Opportunity awaits just west of beautiful Lake Limestone! Situated on approximately 2.25 mostly wooded acres (per LCAD), this property offers privacy, space, and incredible potential in a peaceful country setting. The property features a 1,216 square foot Clayton Homes manufactured home offering 3 bedrooms and 2 full baths in need of some remodeling, but a great layout ready to be modified to fit your needs. Utilities are already in place with a private water well and aerobic septic system, giving you the essentials to make this property your own. Need room for projects, storage, or equipment? You’ll love the impressive 1,500 square foot metal shop or storage building — perfect for hobbyists, small business use, or storing lake toys and outdoor gear. Just minutes from the lake, you can enjoy boating, fishing, and recreation anytime. The property does need some clean-up and , but it is priced to sell— making it an excellent investment opportunity, weekend retreat, or full-time residence with room to grow.

Key facts

• Metal shop
• Road frontage
• Wooded acres

Tags

• WOODED ACRES
• METAL SHOP
• ROAD FRONTAGE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $99k.

Deal economics

• At list price, monthly cash flow is $196 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $99k).
• Recommended offer: $87k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 58/100 on livability (#1,223 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: housing D, schools F, crime F.
• Groesbeck ISD (rural): math 28% / reading 31% proficiency, ranked #634 of 826 in TX (top 77%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 80 active listings in the ZIP; 17 units permitted in Limestone County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($684 loan paydown + $3k appreciation (3.0% local appreciation)).
• Limestone County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 433 days — a 12% lower offer ($87k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $87,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 433 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. 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?
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: 1.15% ✓
• Cap rate: 8.67%
• Cash-on-cash: 8.49%
• DSCR: 1.38
• GRM: 7.3

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: 15.5%
• Equity multiple: 1.88×
• Total profit: $24,450
• Equity at exit: $44,515

10-year hold

• IRR: 17.1%
• Equity multiple: 3.51×
• Total profit: $69,580
• Equity at exit: $68,602

Cash invested: $27,720 (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 75846

• Active inventory: 80
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,135 medium
• Mortgage (P&I): −$519
• Tax from tax record: −$140 /mo · $1,682/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$238
• Net cashflow: $196

Break-even live

Break-even rent $887

Max offer price $99,000

Occupancy floor 78%

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   days on market $99,000 Active 433 DOM
2. 2026-06-17
   days on market $99,000 Active 432 DOM
3. 2026-06-16
   days on market $99,000 Active 431 DOM
4. 2026-06-15
   days on market $99,000 Active 430 DOM
5. 2026-06-13
   days on market $99,000 Active 428 DOM
6. 2026-06-12
   days on market $99,000 Active 427 DOM
7. 2026-06-09
   days on market $99,000 Active 424 DOM
8. 2026-06-08
   days on market $99,000 Active 423 DOM
9. 2026-06-08
   days on market $99,000 Active 422 DOM
10. 2026-06-07
    days on market $99,000 Active 421 DOM
11. 2026-06-03
    days on market $99,000 Active 418 DOM
12. 2026-06-02
    days on market $99,000 Active 417 DOM
13. 2026-06-01
    days on market $99,000 Active 416 DOM
14. 2026-05-31
    days on market $99,000 Active 415 DOM
15. 2026-02-19
    price $99,000 1086-char remark

    Show marketing remark (1086 chars)

    Price Reduced!!! Minutes from Lake Limestone! Opportunity awaits just west of beautiful Lake Limestone! Situated on approximately 2.25 mostly wooded acres (per LCAD), this property offers privacy, space, and incredible potential in a peaceful country setting. The property features a 1,216 square foot Clayton Homes manufactured home offering 3 bedrooms and 2 full baths in need of some remodeling, but a great layout ready to be modified to fit your needs. Utilities are already in place with a private water well and aerobic septic system, giving you the essentials to make this property your own. Need room for projects, storage, or equipment? You’ll love the impressive 1,500 square foot metal shop or storage building — perfect for hobbyists, small business use, or storing lake toys and outdoor gear. Just minutes from the lake, you can enjoy boating, fishing, and recreation anytime. The property does need some clean-up and , but it is priced to sell— making it an excellent investment opportunity, weekend retreat, or full-time residence with room to grow.

16. 2025-07-24
    price $120,000 1086-char remark

    Show marketing remark (1086 chars)

    Price Reduced!!! Minutes from Lake Limestone! Opportunity awaits just west of beautiful Lake Limestone! Situated on approximately 2.25 mostly wooded acres (per LCAD), this property offers privacy, space, and incredible potential in a peaceful country setting. The property features a 1,216 square foot Clayton Homes manufactured home offering 3 bedrooms and 2 full baths in need of some remodeling, but a great layout ready to be modified to fit your needs. Utilities are already in place with a private water well and aerobic septic system, giving you the essentials to make this property your own. Need room for projects, storage, or equipment? You’ll love the impressive 1,500 square foot metal shop or storage building — perfect for hobbyists, small business use, or storing lake toys and outdoor gear. Just minutes from the lake, you can enjoy boating, fishing, and recreation anytime. The property does need some clean-up and , but it is priced to sell— making it an excellent investment opportunity, weekend retreat, or full-time residence with room to grow.

17. 2025-03-03
    listed $135,000 Active 1086-char remark

    Show marketing remark (1086 chars)

    Price Reduced!!! Minutes from Lake Limestone! Opportunity awaits just west of beautiful Lake Limestone! Situated on approximately 2.25 mostly wooded acres (per LCAD), this property offers privacy, space, and incredible potential in a peaceful country setting. The property features a 1,216 square foot Clayton Homes manufactured home offering 3 bedrooms and 2 full baths in need of some remodeling, but a great layout ready to be modified to fit your needs. Utilities are already in place with a private water well and aerobic septic system, giving you the essentials to make this property your own. Need room for projects, storage, or equipment? You’ll love the impressive 1,500 square foot metal shop or storage building — perfect for hobbyists, small business use, or storing lake toys and outdoor gear. Just minutes from the lake, you can enjoy boating, fishing, and recreation anytime. The property does need some clean-up and , but it is priced to sell— making it an excellent investment opportunity, weekend retreat, or full-time residence with room to grow.

ⓘ 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: $1,682 · $140/mo
• Projected year-2 tax: $1,812 · $151/mo
• Expected delta: +$130/yr (+$11/mo · 7.7%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 25 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $13,623
• − Mortgage interest: −$5,546
• − Property taxes: −$1,682
• − Insurance: −$495
• − Repairs & maintenance: −$1,090
• − Management: −$1,090
• − Depreciation: −$2,880
• Taxable income: $840
• Est. tax owed @ 24.0%: −$202
• After-tax cash flow: $2,153/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: Groesbeck ISD
• NCES district ID: 4821810
• Math proficiency: 28% ▼ -10.00%
• Reading proficiency: 31% ▼ -9.00%
• Median HH income: $44,929
• Composite: 25.3/100
• National rank: #7487
• State rank: #634 of 826 in TX

Livability — Jewett

• Score: 58/100
• State rank: #1223
• US rank: #21348

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 2,561

Population outlook (Limestone County) Hauer SSP2

• Today (2025): 23,396 people
• By 2030: 23,214 · -0.8%
• By 2040: 22,829 · -2.4%
• By 2050: 22,516 · -3.8%
• By 2075: 22,088 · -5.6%
• By 2100: 20,354 · -13.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 21% Two or more races 16% Asian 1% Black 1%
• Hispanic origin (detail): Mexican 18%
• Common ancestry: Serbian 7% Lithuanian 3% Slovak 3%
• Foreign-born: 10% · Canada, Vietnam
• Languages at home: 83% English-only · Spanish 13% German/W. Germanic 2% Vietnamese 2%

Political lean MEDSL · Limestone

• 2024 margin: Solid R (+56.9) · D 21.2% · R 78.1%
• 2008→2024 swing: -23.4pp toward R · 2008: -33.5pp · 2024: -56.9pp
• All cycles: 2024: R+56.9 2020: R+50.3 2016: R+52.3 2012: R+40.7 2008: R+33.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

-26.7% since first listed

3 events — show timeline

• 2026-02-19 Price Changed $99,000 NTREIS
• 2025-07-24 Price Changed $120,000 NTREIS
• 2025-03-03 Listed $135,000 NTREIS

Property tax history

+16.5%/yr

Latest (2025): $1,682 · +8.5% YoY. Source: county tax records.