102 E School Dr · Loraine, TX 79532

$75,000

3 bd · 1.0 ba · 2,075 sqft · SingleFamily public records · 170 Days on market

Built 1957 10,454 sqft lot $36/sqft · 27% above area ↓ 17% 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
• Appreciation +3.6/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Charming, immaculate home, sitting on a large corner lot with mature trees, in a great location, in Loraine, TX. This home is clean with good bones & has great potential! It is currently a 3 bedroom, 1 bathroom, but renovations have begun to add a primary bedroom, primary bath, & laundry room, making a 4 bed, 2 bath home. Newer roof, AC, water heater still in great condition. This home sits on a large corner lot, close to schools and I-20. Country living within city limits. Located in between Colorado City & Abilene.

Key facts

• Close to schools
• Ac
• Large corner lot

Tags

• LARGE CORNER LOT
• MATURE TREES
• NEWER ROOF
• AC
• WATER HEATER
• CLOSE TO SCHOOLS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $314 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#571 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, health & safety C-, schools F.
• Loraine ISD (rural): math 45% / reading 35% proficiency, ranked #749 of 1,141 in TX (top 66%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 13 active listings in the ZIP.

Forward outlook

• Local home prices are declining (-2.8%/yr); year-one equity from $519 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Mitchell County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-2.8% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 170 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.7% of price; built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $66,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 170 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. Crime grade is D 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?
8. 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.
9. 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.
10. 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: 11.32%
• Cash-on-cash: 17.95%
• DSCR: 1.80
• GRM: 5.1

CMA / ARV

• ARV (median comp): $41,900
• List price: $75,000
• Delta: 79.00%
• Verdict: OVERPRICED
• Comps: 3 within 1.0 mi

Projected returns pro-forma

-2.82% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 10.1%
• Equity multiple: 1.41×
• Total profit: $8,517
• Equity at exit: $11,786

10-year hold

• IRR: 19.0%
• Equity multiple: 2.62×
• Total profit: $34,067
• Equity at exit: $7,525

Cash invested: $21,000 (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 79532

• Home prices YoY: -4.1%
• Active inventory: 13
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,224 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$228 /mo · $2,740/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$257
• Net cashflow: $314

Break-even live

Break-even rent $826

Max offer price $75,000

Occupancy floor 69%

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $75,000 Active 170 DOM
2. 2026-06-17
   days on market $75,000 Active 169 DOM
3. 2026-06-16
   days on market $75,000 Active 168 DOM
4. 2026-06-15
   days on market $75,000 Active 167 DOM
5. 2026-06-15
   days on market $75,000 Active 166 DOM
6. 2026-06-13
   days on market $75,000 Active 165 DOM
7. 2026-06-12
   days on market $75,000 Active 164 DOM
8. 2026-06-10
   days on market $75,000 Active 161 DOM
9. 2026-06-08
   days on market $75,000 Active 160 DOM
10. 2026-06-08
    days on market $75,000 Active 159 DOM
11. 2026-06-05
    days on market $75,000 Active 157 DOM
12. 2026-06-03
    days on market $75,000 Active 155 DOM
13. 2026-06-02
    days on market $75,000 Active 154 DOM
14. 2026-06-01
    days on market $75,000 Active 153 DOM
15. 2026-05-31
    days on market $75,000 Active 152 DOM
16. 2026-05-20
    price $75,000 541-char remark

    Show marketing remark (541 chars)

    Charming, immaculate home, sitting on a large corner lot with mature trees, in a great location, in Loraine, TX. This home is clean with good bones & has great potential! It is currently a 3 bedroom, 1 bathroom, but renovations have begun to add a primary bedroom, primary bath, & laundry room, making a 4 bed, 2 bath home. Newer roof, AC, water heater still in great condition. This home sits on a large corner lot, close to schools and I-20. Country living within city limits. Located in between Colorado City & Abilene.

17. 2026-04-23
    price $82,500 541-char remark

    Show marketing remark (541 chars)

    Charming, immaculate home, sitting on a large corner lot with mature trees, in a great location, in Loraine, TX. This home is clean with good bones & has great potential! It is currently a 3 bedroom, 1 bathroom, but renovations have begun to add a primary bedroom, primary bath, & laundry room, making a 4 bed, 2 bath home. Newer roof, AC, water heater still in great condition. This home sits on a large corner lot, close to schools and I-20. Country living within city limits. Located in between Colorado City & Abilene.

18. 2026-02-19
    price $85,000 541-char remark

    Show marketing remark (541 chars)

    Charming, immaculate home, sitting on a large corner lot with mature trees, in a great location, in Loraine, TX. This home is clean with good bones & has great potential! It is currently a 3 bedroom, 1 bathroom, but renovations have begun to add a primary bedroom, primary bath, & laundry room, making a 4 bed, 2 bath home. Newer roof, AC, water heater still in great condition. This home sits on a large corner lot, close to schools and I-20. Country living within city limits. Located in between Colorado City & Abilene.

19. 2025-12-30
    listed $90,000 Active 541-char remark

    Show marketing remark (541 chars)

    Charming, immaculate home, sitting on a large corner lot with mature trees, in a great location, in Loraine, TX. This home is clean with good bones & has great potential! It is currently a 3 bedroom, 1 bathroom, but renovations have begun to add a primary bedroom, primary bath, & laundry room, making a 4 bed, 2 bath home. Newer roof, AC, water heater still in great condition. This home sits on a large corner lot, close to schools and I-20. Country living within city limits. Located in between Colorado City & Abilene.

ⓘ 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: $2,740 · $228/mo
• Projected year-2 tax: $2,740 · $228/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 · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 6/10 Major 6 d/yr ≥103°F today · 17 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 8% 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: $14,688
• − Mortgage interest: −$4,201
• − Property taxes: −$2,740
• − Insurance: −$375
• − Repairs & maintenance: −$1,175
• − Management: −$1,175
• − Depreciation: −$2,182
• Taxable income: $2,840
• Est. tax owed @ 24.0%: −$682
• After-tax cash flow: $3,087/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: Loraine ISD
• NCES district ID: 4828170
• Math proficiency: 45% ▼ -10.00%
• Reading proficiency: 35% ▬ 0.00%
• Median HH income: $39,202
• Composite: 35.91/100
• National rank: #9578
• State rank: #749 of 1141 in TX

Livability — Loraine

• Score: 67/100
• State rank: #571
• US rank: #10948

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Loraine, TX
• City population: 1,014
• Population (ZIP): 1,014

Population outlook (Mitchell County) Hauer SSP2

• Today (2025): 8,476 people
• By 2030: 8,723 · +2.9%
• By 2040: 9,046 · +6.7%
• By 2050: 9,200 · +8.5%
• By 2075: 8,936 · +5.4%
• By 2100: 7,978 · -5.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Hispanic / Latino 48% White 43% Two or more races 17% Native American 4% Black 3%
• Hispanic origin (detail): Mexican 41%
• Common ancestry: Lithuanian 4% Hungarian 2%
• Foreign-born: 7% · Canada
• Languages at home: 77% English-only · Spanish 23%

Political lean MEDSL · Mitchell

• 2024 margin: Solid R (+71.3) · D 14.0% · R 85.3%
• 2008→2024 swing: -20.8pp toward R · 2008: -50.5pp · 2024: -71.3pp
• All cycles: 2024: R+71.3 2020: R+68.8 2016: R+65.2 2012: R+52.7 2008: R+50.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -2.82%
• Current HPI: 66.0081
• 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

-16.7% since first listed

4 events — show timeline

• 2026-05-20 Price Changed $75,000 PBBOR
• 2026-04-23 Price Changed $82,500 PBBOR
• 2026-02-19 Price Changed $85,000 PBBOR
• 2025-12-30 Listed $90,000 PBBOR

Property tax history

+2.7%/yr

Latest (2025): $2,740 · -1.9% YoY. Source: county tax records.