7573 W Bernard Rd · Hungerford, TX 77435

$79,900

3 bd · 2.0 ba · 1,478 sqft · SingleFamily public records · 36 Days on market

Built 1990 7,000 sqft lot $54/sqft · 51% below area ↓ 33% since listing

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Livability +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks

Great Opportunity for Investor or Homeowner Looking to Add Value Welcome to 304 Moutray Ave in Wharton! This property is a great opportunity for an investor or homeowner looking for value with just a bit of work. Featuring a functional layout, spacious yard, and solid potential, this home offers the chance to customize, update, and build equity. Whether you are searching for your next investment property, rental, flip project, or an affordable home to make your own, this property has plenty of upside potential. The home is located in an established neighborhood with convenient access to schools, shopping, dining, and major roadways. Bring your vision and make this property shine again!

Key facts

• Spacious yard
• Functional layout
• 7,000 sq ft lot

Tags

• SPACIOUS YARD
• FUNCTIONAL LAYOUT
• ESTABLISHED NEIGHBORHOOD
• CONVENIENT ACCESS TO SCHOOLS
• CONVENIENT ACCESS TO SHOPPING
• CONVENIENT ACCESS TO DINING

Property features AI

Exterior

• Parking: Electric gate
• Home design: Residential property; Built in 1990
• Construction: Wood siding; Composition roof
• Exterior features: Subdivision lot; Gravel road access

Interior

• Bedrooms: Primary bedroom on second floor; Bedroom on second floor; Bedroom on second floor
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Electric heating; Window unit(s) for cooling
• Interior features: 3 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $721 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $78k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 42/100 on livability (#1,579 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A; Watch: commute C-, amenities F, employment F.
• Wharton ISD (town): math 28% / reading 31% proficiency, ranked #651 of 826 in TX (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Wharton J H (math 32% / reading 32%, grade F, #971 of 1,662 statewide, top 60%, 369 students, 77% FRL); Wharton H S (math 32% / reading 37%, grade F, #963 of 1,632 statewide, top 61%, 570 students, 74% FRL).
• Market conditions: 80 active listings in the ZIP; 191 units permitted in Wharton County in 2024 (45 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $19k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.7% of price.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $77,503 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 2.25% ✓
• Cap rate: 17.12%
• Cash-on-cash: 38.66%
• DSCR: 2.72
• GRM: 3.7

CMA / ARV

• ARV (median comp): $162,336
• List price: $79,900
• Delta: -50.78%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
412 Elm St	0.52mi	3/1.5	1,534 (+4%)	13mo	$208,000	$136	57

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 34.9%
• Equity multiple: 2.48×
• Total profit: $33,072
• Equity at exit: $11,913

10-year hold

• IRR: 41.7%
• Equity multiple: 4.95×
• Total profit: $88,380
• Equity at exit: $6,908

Cash invested: $22,372 (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 77435

• Active inventory: 80
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,796 medium
• Mortgage (P&I): −$419
• Tax from tax record: −$246 /mo · $2,948/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$377
• Net cashflow: $721

Break-even live

Break-even rent $883

Max offer price $79,900

Occupancy floor 55%

Sensitivity live

Price	-10% $766	-5% $743	+0% $721	+5% $698	+10% $675
Rent	-10% $579	-5% $650	+0% $721	+5% $792	+10% $863
Rate	-1.0pp $761	-0.5pp $741	base $721	+0.5pp $700	+1.0pp $679

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $79,900 Active 36 DOM
2. 2026-06-18
   days on market $79,900 Active 35 DOM
3. 2026-06-17
   days on market $79,900 Active 34 DOM
4. 2026-06-16
   days on market $79,900 Active 33 DOM
5. 2026-06-15
   days on market $79,900 Active 32 DOM
6. 2026-06-14
   days on market $79,900 Active 30 DOM
7. 2026-06-13
   price $79,900 Active 29 DOM
8. 2026-06-12
   days on market $84,900 Active 29 DOM
9. 2026-06-09
   days on market $84,900 Active 26 DOM
10. 2026-06-08
    days on market $84,900 Active 25 DOM
11. 2026-06-07
    days on market $84,900 Active 24 DOM
12. 2026-06-07
    pricedays on market $84,900 Active 23 DOM
13. 2026-06-02
    days on market $94,500 Active 19 DOM
14. 2026-06-01
    days on market $94,500 Active 18 DOM
15. 2026-05-31
    days on market $94,500 Active 17 DOM
16. 2026-05-30
    days on market $94,500 Active 16 DOM
17. 2026-05-14
    listed $99,000 Active 703-char remark
18. 2026-03-25
    historical
19. 2026-03-19
    price $100,000
20. 2026-03-16
    soldstatus
21. 2026-03-03
    listed $120,000 Active

ⓘ 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: $2,948 · $246/mo
• Projected year-2 tax: $2,948 · $246/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% 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: $21,549
• − Mortgage interest: −$4,476
• − Property taxes: −$2,948
• − Insurance: −$400
• − Repairs & maintenance: −$1,724
• − Management: −$1,724
• − Depreciation: −$2,324
• Taxable income: $7,954
• Est. tax owed @ 24.0%: −$1,909
• After-tax cash flow: $6,740/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: Wharton ISD
• NCES district ID: 4845380
• Math proficiency: 28% ▼ -3.00%
• Reading proficiency: 31% ▬ 0.00%
• Median HH income: $38,558
• Composite: 24.69/100
• National rank: #7617
• State rank: #651 of 826 in TX

Livability — Hungerford

• Score: 42/100
• State rank: #1579
• US rank: #26977

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hungerford, TX
• Population (ZIP): 4,376

Population outlook (Wharton County) Hauer SSP2

• Today (2025): 42,448 people
• By 2030: 42,726 · +0.7%
• By 2040: 43,042 · +1.4%
• By 2050: 43,368 · +2.2%
• By 2075: 44,962 · +5.9%
• By 2100: 44,510 · +4.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (61%)
• Race & ethnicity: White 61% Hispanic / Latino 33% Two or more races 14% Black 5%
• Hispanic origin (detail): Mexican 28%
• Common ancestry: Romanian 2% Lithuanian 1% Slovak 1%
• Foreign-born: 10% · Canada
• Languages at home: 78% English-only · Spanish 21%

Political lean MEDSL · Wharton

• 2024 margin: Solid R (+51.8) · D 23.8% · R 75.6%
• 2008→2024 swing: -20.7pp toward R · 2008: -31.2pp · 2024: -51.8pp
• All cycles: 2024: R+51.8 2020: R+43.1 2016: R+40.2 2012: R+39.1 2008: R+31.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -114.95%
• Current HPI: 204.0814
• 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

-33.4% since first listed

8 events — show timeline

• 2026-06-12 Price Changed $79,900 HARMLS
• 2026-06-05 Price Changed $84,900 HARMLS
• 2026-05-21 Price Changed $94,500 HARMLS
• 2026-05-14 Listed $99,000 HARMLS
• 2026-03-25 Listing Removed — HARMLS
• 2026-03-19 Price Changed $100,000 HARMLS
• 2026-03-16 Sold (Public Records) — Public Records
• 2026-03-03 Listed $120,000 HARMLS

Property tax history

+6.3%/yr

Latest (2025): $2,948 · -1.4% YoY. Source: county tax records.