160 N Hearne · Waskom, TX 75692

$115,000

3 bd · 1.0 ba · 1,276 sqft · SingleFamily public records · 72 Days on market

Built 1955 0.31 ac lot

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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 +15.0/30.0
• ARV discount +7.5/15.0
• DSCR +4.6/10.0
• Livability +3.7/5.0
• Schools +3.5/10.0
• 1% rule +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully refreshed 3-bedroom, 1-bath home situated on a spacious corner lot in Waskom. This property offers a functional layout with an abundance of natural light throughout, creating a bright and inviting atmosphere. Recent updates include fresh interior paint, updated flooring, and new appliances, providing a move-in ready opportunity for homeowners or investors alike. Outside, the corner lot provides extra space and flexibility, with room for outdoor enjoyment or future improvements. Conveniently located with easy access to I-20 and just minutes from Marshall and the Louisiana state line.

Key facts

• 0.31 acre lot
• Built 1955
• Listed 72 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $37 ($439/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 $96k (16.8% below list).
• Recommended offer: $96k (16.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 74/100 on livability (#168 in TX, #4,434 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: amenities F, commute F, employment F.
• Waskom ISD (rural): math 38% / reading 43% proficiency, ranked #387 of 826 in TX (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Waskom El (math 32% / reading 37%, grade F, #1,995 of 4,322 statewide, top 50%, 358 students, 71% FRL); Waskom Middle (math 37% / reading 42%, grade F, #660 of 1,662 statewide, top 41%, 202 students, 71% FRL); Waskom H S (math 42% / reading 57%, grade D, #509 of 1,632 statewide, top 34%, 265 students, 62% FRL).
• Market conditions: 54 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 85 units permitted in Harrison County in 2024 (15 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($108k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 67% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $95,640 (16.8% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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?
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: 0.83% ✗
• Cap rate: 6.67%
• Cash-on-cash: 1.36%
• DSCR: 1.06
• GRM: 10.0

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: -14.2%
• Equity multiple: 0.49×
• Total profit: $-16,339
• Equity at exit: $17,147

10-year hold

• IRR: -5.4%
• Equity multiple: 0.65×
• Total profit: $-11,360
• Equity at exit: $9,943

Cash invested: $32,200 (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 75692

• Home prices YoY: -31.6%
• Active inventory: 54
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $956 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$68 /mo · $816/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$201
• Net cashflow: $37

Break-even live

Break-even rent $910

Max offer price $115,000

Occupancy floor 91%

Sensitivity live

Price	-10% $102	-5% $69	+0% $37	+5% $4	+10% $-29
Rent	-10% $-39	-5% $-1	+0% $37	+5% $74	+10% $112
Rate	-1.0pp $94	-0.5pp $66	base $37	+0.5pp $7	+1.0pp $-24

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
145 School Ave Apt C16 Waskom, TX	2.0	1.0	890	$805	$0.90	23d	1	0.41mi
145 School Ave Apt B7 Waskom, TX	2.0	1.0	890	$805	$0.90	15d	1	0.41mi
725 W Texas Ave Unit 101 Waskom, TX	2.0	1.0	920	$1,275	$1.39	23d	1	0.59mi
725 W Texas Ave Unit 103 Waskom, TX	2.0	1.0	920	$1,065	$1.16	23d	1	0.59mi

Listing history 21 events

1. 2026-06-21
   days on market $115,000 Active 72 DOM
2. 2026-06-21
   days on market $115,000 Active 71 DOM
3. 2026-06-18
   days on market $115,000 Active 69 DOM
4. 2026-06-17
   days on market $115,000 Active 68 DOM
5. 2026-06-16
   days on market $115,000 Active 67 DOM
6. 2026-06-15
   days on market $115,000 Active 66 DOM
7. 2026-06-15
   days on market $115,000 Active 65 DOM
8. 2026-06-13
   days on market $115,000 Active 64 DOM
9. 2026-06-12
   days on market $115,000 Active 63 DOM
10. 2026-06-09
    days on market $115,000 Active 60 DOM
11. 2026-06-08
    days on market $115,000 Active 59 DOM
12. 2026-06-08
    days on market $115,000 Active 58 DOM
13. 2026-06-07
    days on market $115,000 Active 57 DOM
14. 2026-06-03
    days on market $115,000 Active 54 DOM
15. 2026-06-02
    days on market $115,000 Active 53 DOM
16. 2026-06-01
    days on market $115,000 Active 52 DOM
17. 2026-05-31
    days on market $115,000 Active 51 DOM
18. 2026-04-10
    listed $115,000 Active 617-char remark

    Show marketing remark (617 chars)

    Welcome to this beautifully refreshed 3-bedroom, 1-bath home situated on a spacious corner lot in Waskom. This property offers a functional layout with an abundance of natural light throughout, creating a bright and inviting atmosphere. Recent updates include fresh interior paint, updated flooring, and new appliances, providing a move-in ready opportunity for homeowners or investors alike. Outside, the corner lot provides extra space and flexibility, with room for outdoor enjoyment or future improvements. Conveniently located with easy access to I-20 and just minutes from Marshall and the Louisiana state line.

19. 2024-09-10
    soldstatus
20. 2020-01-28
    soldstatus
21. 2000-12-21
    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: $816 · $68/mo
• Projected year-2 tax: $2,104 · $175/mo
• Expected delta: +$1,288/yr (+$107/mo · 157.9%)

ⓘ 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 7/10 Severe 7 d/yr ≥111°F today · 23 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 67% 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: $11,477
• − Mortgage interest: −$6,442
• − Property taxes: −$816
• − Insurance: −$575
• − Repairs & maintenance: −$918
• − Management: −$918
• − Depreciation: −$3,345
• Taxable loss: −$1,538
• Est. tax savings @ 24.0%: +$369
• After-tax cash flow: $808/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: Waskom ISD
• NCES district ID: 4844670
• Math proficiency: 38% ▼ -4.00%
• Reading proficiency: 43% ▲ 1.00%
• Median HH income: $49,184
• Composite: 34.82/100
• National rank: #5103
• State rank: #387 of 826 in TX

Livability — Waskom

• Score: 74/100
• State rank: #168
• US rank: #4434

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Waskom, TX
• Population (ZIP): 5,255

Population outlook (Harrison County) Hauer SSP2

• Today (2025): 68,691 people
• By 2030: 69,317 · +0.9%
• By 2040: 69,973 · +1.9%
• By 2050: 70,090 · +2.0%
• By 2075: 70,607 · +2.8%
• By 2100: 67,546 · -1.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Black 11% Hispanic / Latino 7% Two or more races 5%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Italian 1% Romanian 1% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 6%

Political lean MEDSL · Harrison

• 2024 margin: Solid R (+50.6) · D 24.4% · R 75.0%
• 2008→2024 swing: -19.2pp toward R · 2008: -31.4pp · 2024: -50.6pp
• All cycles: 2024: R+50.6 2020: R+45.6 2016: R+43.9 2012: R+34.6 2008: R+31.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -66.51%
• Current HPI: 144.1058
• 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

4 events — show timeline

• 2026-04-10 Listed $115,000 LAAR
• 2024-09-10 Sold (Public Records) — Public Records
• 2020-01-28 Sold (Public Records) — Public Records
• 2000-12-21 Sold (Public Records) — Public Records

Property tax history

+1.3%/yr

Latest (2025): $816 · +15.9% YoY. Source: county tax records.