1637 Verdin Rd · Fort Worth, TX 76140

$177,089

3 bd · 2.0 ba · 1,033 sqft · SingleFamily · 37 Days on market

Built 2026 Fair condition 5,271 sqft lot $171/sqft · 33% below area Est $263k · 33% under $42/mo HOA · 2% of rent ↓ 11% 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 +17.1/30.0
• ARV discount +15.0/15.0
• DSCR +5.3/10.0
• 1% rule +4.9/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Schools +2.3/10.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining during gatherings. An owner’s suite enjoys a private location in the back of the home, complemented by an en-suite bathroom, walk-in closet and direct access to the backyard space. There are two secondary bedrooms that are both ideal for household members and overnight guests.

Key facts

• Walk-in closet
• Open floorplan
• En-suite bathroom

Tags

• OPEN FLOORPLAN
• OWNER'S SUITE
• EN-SUITE BATHROOM
• WALK-IN CLOSET
• DIRECT ACCESS TO BACKYARD

Property features AI

Finance

• Other: Energy-efficient features including enhanced attic insulation, efficient doors and windows, insulation, low-flow commode, rain/freeze sensors, and programmable thermostat
• HOA & community: Mandatory HOA with annual fee; HOA fee covers full use of facilities and management fees; HOA managed by Legacy Southwest

Exterior

• Parking: Attached garage; Garage faces front; Garage approximately 20' wide by 18' long
• Security: Carbon monoxide detector(s); Smoke detector(s)
• Utilities: City water; City sewer; Curbs; Sidewalk
• Home design: Single family residence; One story; Property attached
• Construction: New construction (2026) — incomplete; Brick and fiber cement exterior; Composition roof; Slab foundation
• Exterior features: Covered porch(es); Wood fencing; Landscaped yard; Sprinkler system; Interior lot

Interior

• Kitchen: Eat-in kitchen with natural stone/granite countertops; Walk-in pantry; Water line to refrigerator; Gas oven and gas range; Microwave; Dishwasher; Disposal; Vented exhaust fan
• Bedrooms: 3 bedrooms (all on main level)
• Flooring: Carpet; Luxury vinyl plank
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (ENERGY STAR qualified equipment); Central air conditioning (ENERGY STAR qualified equipment)
• Interior features: Built-in features; Cable TV available; Decorative lighting; Eat-in kitchen; High-speed internet available; Open floorplan; Pantry; Walk-in closet(s)
• Laundry & utility: Tankless water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $177k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $124 ($1k/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 $176k (0.7% below list).
• Recommended offer: $172k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.1% vs local median 3.9% in Fort Worth — 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 80/100 on livability (#49 in TX, #1,954 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: crime F.
• Everman ISD (suburban): math 21% / reading 32% proficiency, ranked #691 of 826 in TX (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: John And Polly Townley El (math 15% / reading 21%, grade F, #3,785 of 4,322 statewide, top 88%, 365 students, 95% FRL) — zoned schools average 95% FRL vs 77% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 374 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 18,938 units permitted in Tarrant County in 2024 (8,336 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 $5k of value loss. Plan a longer hold.
• Tarrant County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $22k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 26% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $171,776 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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?
7. 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.
8. 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.
9. 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: 0.99% ✗
• Cap rate: 7.13%
• Cash-on-cash: 3.00%
• DSCR: 1.13
• GRM: 8.4

CMA / ARV

• ARV (median comp): $263,053
• List price: $177,089
• Delta: -33.85%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
509 Steeple Ridge Ct	0.36mi	3/2.0	1,030 (-0%)	4mo	$249,900	$243	79

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.11% rent growth · sell at horizon

5-year hold

• IRR: -15.0%
• Equity multiple: 0.48×
• Total profit: $-25,728
• Equity at exit: $26,405

10-year hold

• IRR: -12.3%
• Equity multiple: 0.37×
• Total profit: $-31,289
• Equity at exit: $15,311

Cash invested: $49,585 (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 76140

• Home prices YoY: -21.8%
• Rents YoY: 0.1%
• Active inventory: 374
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,759 high
• Mortgage (P&I): −$929
• Tax est. 1.5%: −$221 /mo · $2,656/yr
• Insurance: −$74
• HOA: −$42
• Vacancy / Maint / Mgmt: −$369
• Net cashflow: $124

Break-even live

Break-even rent $1,602

Max offer price $177,089

Occupancy floor 88%

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: $44,272
• Closing costs: $5,313
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1645 Verdin RD Fort Worth, TX	3.0	2.0	1033	$1,700	$1.65	12d	1	0.02mi
9004 Apple Orchard Ln Fort Worth, TX	3.0–4.0	2.5	1514	$2,099	$1.39	1d	7	0.43mi
9004 Apple Orchard Ln Fort Worth, TX	3.0–4.0	2.5	1514	$2,419	$1.60	15d	2	0.43mi
9000 Balch St Unit 612 Everman, TX	3.0	2.0	1277	$1,101	$0.86	2d	1	0.70mi
9000 Balch St Unit 512 Everman, TX	2.0	2.0	1100	$974	$0.89	2d	1	0.70mi
9053 S Race St Unit 3121 Fort Worth, TX	3.0	2.0	1185	$809	$0.68	12d	1	0.89mi
9053 S Race St Unit 9086 Fort Worth, TX	3.0	2.0	1185	$1,570	$1.32	12d	1	0.89mi
9053 S Race St Unit 9110 Fort Worth, TX	2.0	2.0	1072	$1,194	$1.11	2d	1	0.89mi
9053 S Race St Unit 9080 Fort Worth, TX	2.0	2.0	1072	$1,272	$1.19	43d	1	0.89mi
9053 S Race St Unit 9086 Fort Worth, TX	3.0	2.0	1185	$1,464	$1.24	43d	1	0.89mi
9053 S Race St Unit 9086 Fort Worth, TX	3.0	2.0	1185	$1,421	$1.20	2d	1	0.89mi
1500 Four Seasons Ln Fort Worth, TX	1.0–3.0	1.0–2.0	876	$1,400	$1.60	22d	1	1.22mi
1444 Harvester Dr Fort Worth, TX	3.0–5.0	2.0–2.5	1840	$2,080	$1.13	1d	1	1.27mi
408 Noble Ave Unit B Everman, TX	2.0	1.0	780	$1,150	$1.47	24d	1	1.34mi
435 Sussex Dr Fort Worth, TX	3.0	2.0	1307	$1,935	$1.48	43d	1	1.34mi
302 N Race St Unit C Everman, TX	2.0	1.5	780	$1,200	$1.54	43d	1	1.35mi
302 N Race St Unit D Everman, TX	2.0	1.5	780	$1,200	$1.54	7d	1	1.35mi
512 Sussex Dr Fort Worth, TX	3.0	2.0	1307	$1,935	$1.48	43d	1	1.38mi
1456 Palamedes Dr Fort Worth, TX	3.0	2.0	1316	$2,000	$1.52	4d	1	1.39mi

HOA detail

• Monthly dues: $42 · $504/yr

Listing history 8 events

1. 2026-06-04
   pricestatusdays on marketlisting id $177,089 Pending 37 DOM
2. 2026-06-03
   days on market $173,999 Active 38 DOM
3. 2026-06-02
   pricedays on market $173,999 Active 37 DOM
4. 2026-06-02
   statusdays on marketlisting id $198,999 Active 36 DOM
5. 2026-05-01
   price $198,999 414-char remark
6. 2026-04-24
   price $176,999 414-char remark
7. 2026-04-23
   listed $198,999 Active 420-char remark
8. 2026-04-22
   listed $198,999 Active 414-char remark

ⓘ 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 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 25 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,109
• − Mortgage interest: −$9,920
• − Property taxes: −$2,656
• − Insurance: −$885
• − Repairs & maintenance: −$1,689
• − Management: −$1,689
• − HOA: −$504
• − Depreciation: −$5,152
• Taxable loss: −$1,386
• Est. tax savings @ 24.0%: +$333
• After-tax cash flow: $1,819/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 · 1 photo

Fair 45/100 Moderate rehab

The home requires significant repairs and maintenance, particularly to the roof, siding, and exterior. Improvements to these areas will significantly enhance its resale and rental value.

Repairs flagged

• Major roof — The roof has visible damage and missing shingles.
• Major siding — The siding is peeling and has loose panels.
• Major fencing — The fencing is missing or broken in some sections.
• Major landscaping — The landscaping is overgrown and unkempt, with no visible curb appeal.
• Major exterior paint — The exterior paint is peeling and needs repainting.
• Major exterior siding — The exterior siding is peeling and has loose panels, requiring replacement or repair.

Value-add opportunities

• Resale repair roof — A repaired roof will significantly improve the home's appearance and value.
• Resale repair siding — A repaired and repainted exterior will enhance the home's curb appeal and value.
• Both trim landscaping — A well-maintained and landscaped exterior will improve both resale and rental value.
• Resale repair fencing — A repaired and maintained fence will enhance the home's safety and value.
• Resale repair exterior paint — A fresh coat of paint will improve the home's appearance and value.
• Resale repair exterior siding — A repaired and repainted exterior will enhance the home's curb appeal and value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · The roof has visible damage and missing shingles.	Major	$15,000–50,000
siding · The siding is peeling and has loose panels.	Major	$15,000–50,000
fencing · The fencing is missing or broken in some sections.	Major	$15,000–50,000
landscaping · The landscaping is overgrown and unkempt, with no visible curb appeal.	Major	$15,000–50,000
exterior paint · The exterior paint is peeling and needs repainting.	Major	$15,000–50,000
exterior siding · The exterior siding is peeling and has loose panels, requiring replacement or repair.	Major	$15,000–50,000
Total estimated repair cost · 6 items		$90,000–300,000

Value-add ROI direction

• Resale repair roof — A repaired roof will significantly improve the home's appearance and value. ↑
• Resale repair siding — A repaired and repainted exterior will enhance the home's curb appeal and value. ↑
• Both trim landscaping — A well-maintained and landscaped exterior will improve both resale and rental value. ↑
• Resale repair fencing — A repaired and maintained fence will enhance the home's safety and value. ↑
• Resale repair exterior paint — A fresh coat of paint will improve the home's appearance and value. ↑
• Resale repair exterior siding — A repaired and repainted exterior will enhance the home's curb appeal and 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: Everman ISD
• NCES district ID: 4818810
• Math proficiency: 21% ▼ -18.00%
• Reading proficiency: 32% ▼ -4.00%
• Median HH income: $44,803
• Composite: 22.77/100
• National rank: #8027
• State rank: #691 of 826 in TX

Livability — Fort Worth

• Score: 80/100
• State rank: #49
• US rank: #1954

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Tarrant County · 2,033,669 people
• City population: 911,619
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 33,321
• Household income: $75,955
• Rent vs Own: 31.6% rent · 68.4% own
• Severe rent burden: 1264.0

Population outlook (Tarrant County) Hauer SSP2

• Today (2025): 2,380,417 people
• By 2030: 2,578,900 · +8.3%
• By 2040: 2,974,995 · +25.0%
• By 2050: 3,350,489 · +40.8%
• By 2075: 4,216,909 · +77.2%
• By 2100: 4,741,527 · +99.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: Hispanic / Latino 39% Black 35% White 20% Two or more races 14% Asian 3%
• Hispanic origin (detail): Mexican 36%
• Common ancestry: Scotch-Irish 2% Lithuanian 1% Slovak 1%
• Foreign-born: 18% · Canada, Vietnam, China
• Languages at home: 64% English-only · Spanish 32% Vietnamese 2% Chinese 1%

Political lean MEDSL · Tarrant

• 2024 margin: Lean R (+5.1) · D 46.7% · R 51.9% · Other 1.4%
• 2008→2024 swing: +6.6pp toward D · 2008: -11.7pp · 2024: -5.1pp
• All cycles: 2024: R+5.1 2020: D+0.2 2016: R+8.7 2012: R+15.7 2008: R+11.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -79.54%
• Current HPI: 285.9894
• Rent YoY: ▲ 0.11%
• 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

-11.0% since first listed

5 events — show timeline

• 2026-06-03 Pending — NTREIS
• 2026-06-02 Price Changed $177,089 NTREIS
• 2026-06-01 Relisted — NTREIS
• 2026-05-28 Pending — NTREIS
• 2026-04-23 Listed $198,999 NTREIS