314 Pr 5000 · Latexo, TX 75835

$135,000

2 bd · 1.0 ba · 1,500 sqft · SingleFamily public records · 7 Days on market

Built 1980 1.00 ac lot $90/sqft · 37% below area Est $215k · 37% under ↓ 15% 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.5/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Ideal home, offering a peaceful country feel while still being close to town. The house has been beautifully renovated, including wiring throughout, interior and exterior paint, flooring, a tankless hot water heater, new siding, and a new roof. It features an open concept, with lots of counter and cabinet space, including a fridge, a new stove, and a new dishwasher. The open layout is perfect for entertaining. The primary bedroom is a generous size, featuring a large closet and ample natural light. The bathroom includes a spacious tub/shower combo and a double vanity, along with hookups for a washer and dryer. This home sits on an acre of land and features several mature fruit trees in the Latexo School District. Call us today to schedule a viewing of this wonderful house!

Key facts

• New siding
• Open concept
• New roof

Tags

• BEAUTIFULLY RENOVATED
• TANKLESS HOT WATER HEATER
• NEW SIDING
• NEW ROOF
• OPEN CONCEPT
• LOTS OF COUNTER SPACE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $862 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).

Location & tenants

• Location reads 59/100 on livability (#1,175 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools D, crime F, amenities F.
• Latexo ISD (rural): math 37% / reading 47% proficiency, ranked #365 of 826 in TX (top 44%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 277 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 3 units permitted in Houston County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Houston County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts; this cycle's ask has dropped $35k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% 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 $135,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 1.63% ✓
• Cap rate: 13.96%
• Cash-on-cash: 27.37%
• DSCR: 2.22
• GRM: 5.1

CMA / ARV

• ARV (median comp): $215,479
• List price: $135,000
• Delta: -32.71%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1848 CR 2140 Marina Rd	0.74mi	3/2.0 (+1)	1,568 (+4%)	16mo	$144,996	$92	36

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: 21.4%
• Equity multiple: 1.87×
• Total profit: $33,038
• Equity at exit: $20,129

10-year hold

• IRR: 29.5%
• Equity multiple: 3.63×
• Total profit: $99,473
• Equity at exit: $11,672

Cash invested: $37,800 (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 75835

• Home prices YoY: -15.8%
• Active inventory: 277
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $2,200 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$112 /mo · $1,339/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$462
• Net cashflow: $862

Break-even live

Break-even rent $1,109

Max offer price $135,000

Occupancy floor 56%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1232 County Road 1805 Crockett, TX	3.0	2.0	1150	$2,200	$1.91	43d	1	0.96mi

Listing history 23 events

1. 2026-06-18
   days on market $135,000 Active 7 DOM
2. 2026-06-17
   days on market $135,000 Active 6 DOM
3. 2026-06-16
   days on market $135,000 Active 5 DOM
4. 2026-06-15
   days on market $135,000 Active 4 DOM
5. 2026-06-13
   days on market $135,000 Active 2 DOM
6. 2026-06-12
   pricedays on marketlisting id $135,000 Active 1 DOM
7. 2026-06-10
   days on market $145,000 Active 208 DOM
8. 2026-06-08
   days on market $145,000 Active 207 DOM
9. 2026-06-08
   days on market $145,000 Active 206 DOM
10. 2026-06-07
    days on market $145,000 Active 205 DOM
11. 2026-06-03
    days on market $145,000 Active 202 DOM
12. 2026-06-02
    days on market $145,000 Active 201 DOM
13. 2026-06-01
    days on market $145,000 Active 200 DOM
14. 2026-05-31
    days on market $145,000 Active 199 DOM
15. 2026-04-13
    price $145,000 784-char remark

    Show marketing remark (784 chars)

    Ideal home, offering a peaceful country feel while still being close to town. The house has been beautifully renovated, including wiring throughout, interior and exterior paint, flooring, a tankless hot water heater, new siding, and a new roof. It features an open concept, with lots of counter and cabinet space, including a fridge, a new stove, and a new dishwasher. The open layout is perfect for entertaining. The primary bedroom is a generous size, featuring a large closet and ample natural light. The bathroom includes a spacious tub/shower combo and a double vanity, along with hookups for a washer and dryer. This home sits on an acre of land and features several mature fruit trees in the Latexo School District. Call us today to schedule a viewing of this wonderful house!

16. 2026-03-04
    price $150,000 784-char remark

    Show marketing remark (784 chars)

    Ideal home, offering a peaceful country feel while still being close to town. The house has been beautifully renovated, including wiring throughout, interior and exterior paint, flooring, a tankless hot water heater, new siding, and a new roof. It features an open concept, with lots of counter and cabinet space, including a fridge, a new stove, and a new dishwasher. The open layout is perfect for entertaining. The primary bedroom is a generous size, featuring a large closet and ample natural light. The bathroom includes a spacious tub/shower combo and a double vanity, along with hookups for a washer and dryer. This home sits on an acre of land and features several mature fruit trees in the Latexo School District. Call us today to schedule a viewing of this wonderful house!

17. 2026-02-22
    price $160,000 784-char remark

    Show marketing remark (784 chars)

    Ideal home, offering a peaceful country feel while still being close to town. The house has been beautifully renovated, including wiring throughout, interior and exterior paint, flooring, a tankless hot water heater, new siding, and a new roof. It features an open concept, with lots of counter and cabinet space, including a fridge, a new stove, and a new dishwasher. The open layout is perfect for entertaining. The primary bedroom is a generous size, featuring a large closet and ample natural light. The bathroom includes a spacious tub/shower combo and a double vanity, along with hookups for a washer and dryer. This home sits on an acre of land and features several mature fruit trees in the Latexo School District. Call us today to schedule a viewing of this wonderful house!

18. 2026-02-21
    status Active 784-char remark

    Show marketing remark (784 chars)

    Ideal home, offering a peaceful country feel while still being close to town. The house has been beautifully renovated, including wiring throughout, interior and exterior paint, flooring, a tankless hot water heater, new siding, and a new roof. It features an open concept, with lots of counter and cabinet space, including a fridge, a new stove, and a new dishwasher. The open layout is perfect for entertaining. The primary bedroom is a generous size, featuring a large closet and ample natural light. The bathroom includes a spacious tub/shower combo and a double vanity, along with hookups for a washer and dryer. This home sits on an acre of land and features several mature fruit trees in the Latexo School District. Call us today to schedule a viewing of this wonderful house!

19. 2026-02-11
    historical 784-char remark

    Show marketing remark (784 chars)

    Ideal home, offering a peaceful country feel while still being close to town. The house has been beautifully renovated, including wiring throughout, interior and exterior paint, flooring, a tankless hot water heater, new siding, and a new roof. It features an open concept, with lots of counter and cabinet space, including a fridge, a new stove, and a new dishwasher. The open layout is perfect for entertaining. The primary bedroom is a generous size, featuring a large closet and ample natural light. The bathroom includes a spacious tub/shower combo and a double vanity, along with hookups for a washer and dryer. This home sits on an acre of land and features several mature fruit trees in the Latexo School District. Call us today to schedule a viewing of this wonderful house!

20. 2025-11-14
    price $167,000 784-char remark

    Show marketing remark (784 chars)

    Ideal home, offering a peaceful country feel while still being close to town. The house has been beautifully renovated, including wiring throughout, interior and exterior paint, flooring, a tankless hot water heater, new siding, and a new roof. It features an open concept, with lots of counter and cabinet space, including a fridge, a new stove, and a new dishwasher. The open layout is perfect for entertaining. The primary bedroom is a generous size, featuring a large closet and ample natural light. The bathroom includes a spacious tub/shower combo and a double vanity, along with hookups for a washer and dryer. This home sits on an acre of land and features several mature fruit trees in the Latexo School District. Call us today to schedule a viewing of this wonderful house!

21. 2025-11-03
    listed $170,000 Active 784-char remark

    Show marketing remark (784 chars)

    Ideal home, offering a peaceful country feel while still being close to town. The house has been beautifully renovated, including wiring throughout, interior and exterior paint, flooring, a tankless hot water heater, new siding, and a new roof. It features an open concept, with lots of counter and cabinet space, including a fridge, a new stove, and a new dishwasher. The open layout is perfect for entertaining. The primary bedroom is a generous size, featuring a large closet and ample natural light. The bathroom includes a spacious tub/shower combo and a double vanity, along with hookups for a washer and dryer. This home sits on an acre of land and features several mature fruit trees in the Latexo School District. Call us today to schedule a viewing of this wonderful house!

22. 2018-06-29
    soldstatus
23. 2012-06-25
    soldstatus

ⓘ 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: $1,339 · $112/mo
• Projected year-2 tax: $2,470 · $206/mo
• Expected delta: +$1,132/yr (+$94/mo · 84.5%)

ⓘ 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 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥110°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: $26,400
• − Mortgage interest: −$7,562
• − Property taxes: −$1,339
• − Insurance: −$675
• − Repairs & maintenance: −$2,112
• − Management: −$2,112
• − Depreciation: −$3,927
• Taxable income: $8,673
• Est. tax owed @ 24.0%: −$2,081
• After-tax cash flow: $8,265/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: Latexo ISD
• NCES district ID: 4826910
• Math proficiency: 37% ▼ -2.00%
• Reading proficiency: 47% ▼ -2.00%
• Median HH income: $40,145
• Composite: 35.17/100
• National rank: #5002
• State rank: #365 of 826 in TX

Livability — Latexo

• Score: 59/100
• State rank: #1175
• US rank: #20575

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 76
• Population (ZIP): 11,805

Population outlook (Houston County) Hauer SSP2

• Today (2025): 21,269 people
• By 2030: 20,568 · -3.3%
• By 2040: 19,255 · -9.5%
• By 2050: 17,980 · -15.5%
• By 2075: 15,214 · -28.5%
• By 2100: 11,720 · -44.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 55% Black 25% Hispanic / Latino 17% Two or more races 9%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Lithuanian 3% Romanian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 89% English-only · Spanish 10%

Political lean MEDSL · Houston

• 2024 margin: Solid R (+55.4) · D 22.1% · R 77.4%
• 2008→2024 swing: -18.1pp toward R · 2008: -37.3pp · 2024: -55.4pp
• All cycles: 2024: R+55.4 2020: R+50.3 2016: R+50.9 2012: R+44.3 2008: R+37.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -28.03%
• Current HPI: 149.4937
• 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

-14.7% since first listed

9 events — show timeline

• 2026-04-13 Price Changed $145,000 HARMLS
• 2026-03-04 Price Changed $150,000 HARMLS
• 2026-02-22 Price Changed $160,000 HARMLS
• 2026-02-21 Relisted — HARMLS
• 2026-02-11 Listing Removed — HARMLS
• 2025-11-14 Price Changed $167,000 HARMLS
• 2025-11-03 Listed $170,000 HARMLS
• 2018-06-29 Sold (Public Records) — Public Records
• 2012-06-25 Sold (Public Records) — Public Records

Property tax history

+20.0%/yr

Latest (2025): $1,339 · +540.2% YoY. Source: county tax records.