841 S 5th Ave · Munday, TX 76371

$58,000

3 bd · 1.0 ba · 1,680 sqft · SingleFamily · 93 Days on market

Built 1950 Fair condition 9,017 sqft lot $35/sqft · 35% below area Est $89k · 35% under

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Why this score? — see what drove the A- 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
• Appreciation +5.5/10.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks MLS

Welcome to 841 S. 5th Munday, TX. Located on the edge of town, this home features a large corner lot with fenced yard and a carport. Inside you will find some new flooring, updated kitchen with appliances and bath. All material conveys with the sale. Schedule your showing today. Also available for rent at $850 per month with $850 deposit.

Key facts

• Large corner lot
• Fenced yard
• New flooring

Tags

• LARGE CORNER LOT
• FENCED YARD
• UPDATED KITCHEN
• NEW FLOORING

🏷️ Possibly a rental listed for sale. The $58,000 price doesn't fit this home's estimated sale value (~$89,343) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $58k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $562 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $58k).
• Recommended offer: $53k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#626 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, crime A-, housing B+; Watch: health & safety C-, schools D, amenities F.
• Munday CISD (rural): math 43% / reading 44% proficiency, ranked #326 of 826 in TX (top 40%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 18 active listings in the ZIP.

Forward outlook

• In year one you build about $992 of equity ($401 loan paydown + $591 appreciation (1.0% local appreciation)).
• Knox County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (1.0% appreciation + 3.0% rent growth), your $16k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $52,780 (9.0% below list)

Questions for the listing agent

1. It's been on market 93 days. Have you received any prior offers? Is the seller open to a 9% 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. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
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: 2.10% ✓
• Cap rate: 17.93%
• Cash-on-cash: 41.56%
• DSCR: 2.85
• GRM: 4.0

CMA / ARV

• ARV (median comp): $89,343
• List price: $58,000
• Delta: -35.08%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
610 W Eden St	0.17mi	3/2.0	1,764 (+5%)	3mo	$135,000	$77	77
411 N 5th Ave	0.61mi	3/2.0	1,665 (-1%)	1mo	$182,500	$110	65
520 N 5th Ave	0.66mi	4/2.0 (+1)	1,624 (-3%)	3mo	$215,000	$132	52
1281 W Eden St	0.45mi	3/1.0	1,440 (-14%)	11mo	$81,000	$56	46
321 N Munday Ave	0.60mi	3/1.0	1,500 (-11%)	15mo	$65,000	$43	41
120 N 15th Ave	0.71mi	3/2.0	1,814 (+8%)	12mo	$180,000	$99	40

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

Projected returns pro-forma

1.02% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 44.2%
• Equity multiple: 3.28×
• Total profit: $36,984
• Equity at exit: $19,859

10-year hold

• IRR: 46.0%
• Equity multiple: 6.50×
• Total profit: $89,370
• Equity at exit: $26,437

Cash invested: $16,240 (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 76371

• Home prices YoY: 1.0%
• Active inventory: 18
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $1,219 medium
• Mortgage (P&I): −$304
• Tax est. 1.5%: −$72 /mo · $870/yr
• Insurance: −$24
• HOA: −$0
• Vacancy / Maint / Mgmt: −$256
• Net cashflow: $562

Break-even live

Break-even rent $507

Max offer price $58,000

Occupancy floor 49%

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: $14,500
• Closing costs: $1,740
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-06-02
   status $58,000 Pending 93 DOM
2. 2026-06-01
   days on market $58,000 Active 93 DOM
3. 2026-05-31
   days on market $58,000 Active 92 DOM
4. 2026-04-15
   status Active 340-char remark

   Show marketing remark (340 chars)

   Welcome to 841 S. 5th Munday, TX. Located on the edge of town, this home features a large corner lot with fenced yard and a carport. Inside you will find some new flooring, updated kitchen with appliances and bath. All material conveys with the sale. Schedule your showing today. Also available for rent at $850 per month with $850 deposit.

5. 2026-04-07
   status Pending 340-char remark

   Show marketing remark (340 chars)

   Welcome to 841 S. 5th Munday, TX. Located on the edge of town, this home features a large corner lot with fenced yard and a carport. Inside you will find some new flooring, updated kitchen with appliances and bath. All material conveys with the sale. Schedule your showing today. Also available for rent at $850 per month with $850 deposit.

6. 2026-02-19
   listed $58,000 Active 340-char remark

   Show marketing remark (340 chars)

   Welcome to 841 S. 5th Munday, TX. Located on the edge of town, this home features a large corner lot with fenced yard and a carport. Inside you will find some new flooring, updated kitchen with appliances and bath. All material conveys with the sale. Schedule your showing today. Also available for rent at $850 per month with $850 deposit.

7. 2025-05-23
   listed $59,900 Active
8. 2021-06-02
   soldstatus Sold
9. 2021-05-12
   historical Active Option Contract
10. 2021-03-30
    listed $27,500 Active

ⓘ 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 4/10 Moderate 27% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 6 d/yr ≥108°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: $14,633
• − Mortgage interest: −$3,249
• − Property taxes: −$870
• − Insurance: −$290
• − Repairs & maintenance: −$1,171
• − Management: −$1,171
• − Depreciation: −$1,687
• Taxable income: $6,195
• Est. tax owed @ 24.0%: −$1,487
• After-tax cash flow: $5,263/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 · 12 photos

Fair 45/100 Moderate rehab

This home requires moderate renovations, focusing on the kitchen and interior updates, to significantly increase its value for resale or rental.

Repairs flagged

• Major Exposed kitchen framing — Structural integrity compromised
• Major Missing kitchen cabinets — Basic functionality missing

Value-add opportunities

• Both Complete kitchen renovation — Modern kitchen increases both resale and rental value
• Both Paint and update interior walls — Fresh paint and updates improve curb appeal and interior aesthetics
• Both Replace worn flooring — New flooring enhances both resale and rental appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
Exposed kitchen framing · Structural integrity compromised	Major	$15,000–50,000
Missing kitchen cabinets · Basic functionality missing	Major	$15,000–50,000
Total estimated repair cost · 2 items		$30,000–100,000

Value-add ROI direction

• Both Complete kitchen renovation — Modern kitchen increases both resale and rental value ↑
• Both Paint and update interior walls — Fresh paint and updates improve curb appeal and interior aesthetics ↑
• Both Replace worn flooring — New flooring enhances both resale and rental appeal ↑

ⓘ 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: Munday CISD
• NCES district ID: 4831970
• Math proficiency: 43% ▼ -2.00%
• Reading proficiency: 44% ▲ 9.00%
• Median HH income: $37,618
• Composite: 36.22/100
• National rank: #4727
• State rank: #326 of 826 in TX

Livability — Munday

• Score: 66/100
• State rank: #626
• US rank: #11937

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Munday, TX
• Population (ZIP): 1,801

Population outlook (Knox County) Hauer SSP2

• Today (2025): 4,136 people
• By 2030: 4,291 · +3.7%
• By 2040: 4,655 · +12.5%
• By 2050: 5,005 · +21.0%
• By 2075: 6,051 · +46.3%
• By 2100: 6,427 · +55.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (54%)
• Race & ethnicity: White 54% Hispanic / Latino 40% Two or more races 22%
• Hispanic origin (detail): Mexican 38%
• Common ancestry: Subsaharan African 4% Iranian 2% Slovak 1%
• Foreign-born: 9% · Canada
• Languages at home: 74% English-only · Spanish 26%

Political lean MEDSL · Knox

• 2024 margin: Solid R (+68.5) · D 15.6% · R 84.0%
• 2008→2024 swing: -23.2pp toward R · 2008: -45.2pp · 2024: -68.5pp
• All cycles: 2024: R+68.5 2020: R+62.8 2016: R+61.2 2012: R+54.8 2008: R+45.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.02%
• Current HPI: 103.0505
• 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

+110.9% since first listed

7 events — show timeline

• 2026-04-15 Relisted — NTREIS
• 2026-04-07 Pending — NTREIS
• 2026-02-19 Listed $58,000 NTREIS
• 2025-05-23 Listed $59,900 NTREIS
• 2021-06-02 Sold (MLS) — NTREIS
• 2021-05-12 Contingent — NTREIS
• 2021-03-30 Listed $27,500 NTREIS