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516 Longmount Cv
D- Composite 35.78
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).

  • ARV discount +13.2/15.0
  • Cash flow +5.6/30.0
  • Schools +4.8/10.0
  • Condition / age +4.0/5.0
  • Livability +3.4/5.0
  • 1% rule +2.7/10.0
  • Rent growth +2.0/5.0
  • DSCR +0.0/10.0
  • Appreciation +0.0/10.0

$310,000

516 Longmount Cv · Liberty Hill, TX 78642
4 bd · 2.5 ba · 2,135 sqft · SingleFamily public records · 221 Days on market
Built 2022 Good condition 4,791 sqft lot Garage $145/sqft · 13% below area Est $355k · 13% under $41/mo HOA · 2% of rent ↓ 22% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Beautiful barely lived in home in Butler Farms in Liberty Hill. This 4 bedroom 2.5 bath is move in ready. Spacious living room open to the kitchen and the dining area. Quartz countertops, stainless steel appliances and walk in pantry. Barn door has been added to the half bath entry to add a little country living charm. Spend evenings outside sitting under the covered patio and enjoying your spacious backyard. Room to add a pool, playscape and/or trampoline. New Sod has recently been laid. All bedrooms are located upstairs in addition to an extra living space. Spacious primary bedroom and primary bathroom with double vanity and walk-in shower. Butler Farms is a new and growing community. Community pool and community amenities will be added to the community in the future. Butler Farms is also close location to the popular Liberty Hill High School. Don't wait for the builder to build your dream home when you can move into 516 Longmount Cove now. Check it out!

Key facts

  • Open floor plan
  • Second living space
  • Large backyard

Tags

OPEN FLOOR PLANLARGE BACKYARDSECOND LIVING SPACECONVENIENTLY LOCATED

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/2.5-bath single-family listed at $310k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-647 ($-8k/yr) — negative.
  • To cash-flow at today's rent, offer at most $196k (36.8% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $239k (22.9% below list).
  • Recommended offer: $196k (36.8% below list) — sets the bar for cash-flow.
  • Cap rate 3.8% vs local median 2.9% in Liberty Hill — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 68/100 on livability (#495 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: employment D+, amenities F, commute F.
  • Liberty Hill ISD (rural): math 43% / reading 52% proficiency, ranked #160 of 826 in TX (top 19%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Bill Burden El (math 36% / reading 45%, grade F, #1,490 of 4,322 statewide, top 35%, 808 students, 19% FRL); Liberty Hill Middle (math 44% / reading 50%, grade D+, #424 of 1,662 statewide, top 27%, 944 students, 26% FRL); Liberty Hill H S (math 39% / reading 69%, grade C-, #422 of 1,632 statewide, top 26%, 2,001 students, 23% FRL) — zoned schools at 23% FRL track the district average.
  • Market conditions: Rents soft (-1.9%/yr); 2064 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals lingering (median 86d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 7,543 units permitted in Williamson County in 2024 (1,425 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
  • Williamson County population projected at +69% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 221 days — a 12% lower offer ($273k) is reasonable based on typical stale-listing flexibility.
  • 4 sale attempts since 2y 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: property tax is 2.9% of price.
  • Climate carrying-cost: major wind risk, 70% chance of damaging wind over 30y; major 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 $195,773 (36.8% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 221 days. Have you received any prior offers? Is the seller open to a 37% concession, seller financing, or rate buy-down credit?
  3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  7. 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?
  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
0.77% ✗
Cap rate
3.79%
Cash-on-cash
-8.94%
DSCR
0.60
GRM
10.8

CMA / ARV

ARV (median comp)
$355,274
List price
$310,000
Delta
-12.74%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
520 Longmount Cv 0.01mi 4/2.5 2,026 (-5%) 2mo $300,000 $148 90
221 Longmount Cv 0.14mi 4/2.5 2,047 (-4%) 2mo $314,900 $154 85
112 Prairie Song Ln 0.18mi 4/2.5 2,047 (-4%) 2mo $310,000 $151 83
405 Wild Spur Ln 0.13mi 4/2.5 1,981 (-7%) 0mo $344,990 $174 82
109 Rivendale St 0.20mi 4/2.5 2,024 (-5%) 2mo $325,990 $161 80
205 Skyview Farms Ln 0.34mi 4/3.0 2,243 (+5%) 2mo $420,990 $188 72
200 Windfall Trl 0.37mi 4/3.0 2,042 (-4%) 2mo $329,990 $162 71
531 Lavender Crest Cv 0.39mi 4/3.0 2,243 (+5%) 0mo $389,990 $174 71
112 Windfall Trl 0.49mi 4/3.0 2,042 (-4%) 2mo $365,990 $179 66
105 Rivendale St 0.20mi 3/2.5 (-1) 1,872 (-12%) 3mo $348,990 $186 63
535 Lavender Crest Cv 0.59mi 4/3.0 2,044 (-4%) 1mo $379,990 $186 62
820 Loriner Way 0.42mi 4/2.5 2,372 (+11%) 1mo $364,990 $154 61

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 · 0.0% rent growth · sell at horizon

5-year hold
IRR
-36.3%
Equity multiple
-0.13×
Total profit
$-98,145
Equity at exit
$46,222
10-year hold
IRR
-79.4%
Equity multiple
-0.89×
Total profit
$-164,443
Equity at exit
$26,803

Cash invested: $86,800 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
61 active · 26 under contract
Months of supply
16.6 mo (6%/mo absorbed)
Median asking
$348,990 ($169/sqft)
Median days on market
135 d
This list price
21% of active listings are priced below it
ARV vs active asking
-1.3% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 78642

Home prices YoY
-32.4%
Rents YoY
-1.9%
Active inventory
2064
Price-to-rent
10.8×

Monthly cashflow live

Estimated rent
$2,391 high interval (Pro) →
Mortgage (P&I)
−$1,626
Tax from tax record
−$740 /mo · $8,874/yr
Insurance
−$129
HOA
−$41
Vacancy / Maint / Mgmt
−$502
Net cashflow
$-647

Break-even live

Break-even rent $3,209
Max offer price $195,773
Occupancy floor —

Sensitivity live

Price -10% $-471 -5% $-559 +0% $-647 +5% $-734 +10% $-822
Rent -10% $-835 -5% $-741 +0% $-647 +5% $-552 +10% $-458
Rate -1.0pp $-490 -0.5pp $-568 base $-647 +0.5pp $-727 +1.0pp $-809

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
$77,500
Closing costs
$9,300
Reserves months
—
Total cash needed
—

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Short-term bridge; refi at stabilization.

Rent comps 9 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
552 Longmount Cv Liberty Hill, TX 4.0 2.5 2021 $2,095 $1.04 69d 1 0.05mi
504 Longmount Cv Liberty Hill, TX 3.0 2.0 1509 $1,900 $1.26 0d 1 0.05mi
517 Longmount Cv Liberty Hill, TX 3.0 2.0 1509 $1,975 $1.31 0d 1 0.05mi
517 Longmount Cv Liberty Hill, TX 3.0 2.0 1509 $2,000 $1.33 17d 1 0.05mi
201 Outlaw Dr Liberty Hill, TX 3.0 2.0 1500 $1,950 $1.30 138d 1 0.13mi
201 Longmount Cv Liberty Hill, TX 3.0 2.0 1448 $1,995 $1.38 138d 1 0.13mi
201 Longmount Cv Liberty Hill, TX 3.0 2.0 1448 $1,895 $1.31 112d 1 0.13mi
212 Prairie Song Ln Liberty Hill, TX 4.0 2.5 2047 $2,149 $1.05 85d 1 0.26mi
336 Windstar Rd Liberty Hill, TX 4.0 2.0 2013 $2,000 $0.99 158d 1 0.47mi

Property features AI

Finance

HOA & community
Homeowners association (Goodwin & Co) with quarterly fee of $122.50 covering common area maintenanceCommunity amenities include pool, curbs, and sidewalks

Exterior

Parking
Attached garageDriveway parkingGarage faces frontTwo covered parking spaces (total 2)
Security
Smoke detectorsCarbon monoxide detectors
Utilities
Public waterPublic sewerElectricity availableNatural gas availableCable availableHigh-speed internet availablePhone availableUnderground utilities
Home design
Two-story homeSoutheast facingResale propertyBuilt by Meritage Homes
Construction
Built with brick, frame, HardiPlank, concrete, and stoneSpray foam insulationComposition roofSlab foundation
Exterior features
In-wall pest control systemRain guttersCovered patioPatioFenced backyard with wood fencingLandscaped yardAutomatic sprinklers (front, rear, side)

Interior

Kitchen
DishwasherDisposalGas rangeMicrowavePlumbed for ice makerVented exhaust fan
Flooring
CarpetTileVinyl
Bathrooms
Two full bathroomsOne half bathroom
Heating & cooling
Central heating (electric, heat pump)Central air conditioningSmart thermostat
Interior features
Ceiling fansEntrance foyerHigh-speed internet availableKitchen islandMultiple living areasOpen floor planPantryRecessed lightingSmart home featuresSmart thermostatWalk-in closetsDouble pane insulated windows
Laundry & utility
Inside laundryUpper-level laundryWasher hookupElectric dryer hookupGas water heater

HOA detail $41/mo · $492/yr

Likely covers
pool

Listing history 50 events

  1. 2026-11-02
    days on market $310,000 Active 221 DOM
  2. 2026-11-01
    days on market $310,000 Active 220 DOM
  3. 2026-10-31
    days on market $310,000 Active 219 DOM
  4. 2026-10-30
    days on market $310,000 Active 218 DOM
  5. 2026-10-29
    days on market $310,000 Active 217 DOM
  6. 2026-10-28
    days on market $310,000 Active 216 DOM
  7. 2026-10-27
    days on market $310,000 Active 215 DOM
  8. 2026-10-26
    days on market $310,000 Active 214 DOM
  9. 2026-10-26
    days on market $310,000 Active 213 DOM
  10. 2026-10-24
    days on market $310,000 Active 212 DOM
  11. 2026-10-23
    days on market $310,000 Active 211 DOM
  12. 2026-10-22
    days on market $310,000 Active 210 DOM
  13. 2026-10-21
    days on market $310,000 Active 209 DOM
  14. 2026-10-20
    days on market $310,000 Active 208 DOM
  15. 2026-10-19
    days on market $310,000 Active 207 DOM
  16. 2026-10-18
    days on market $310,000 Active 206 DOM
  17. 2026-10-17
    days on market $310,000 Active 205 DOM
  18. 2026-10-16
    days on market $310,000 Active 204 DOM
  19. 2026-10-15
    days on market $310,000 Active 203 DOM
  20. 2026-10-14
    days on market $310,000 Active 202 DOM
  21. 2026-10-13
    days on market $310,000 Active 201 DOM
  22. 2026-10-12
    days on market $310,000 Active 200 DOM
  23. 2026-10-11
    days on market $310,000 Active 199 DOM
  24. 2026-10-10
    days on market $310,000 Active 198 DOM
  25. 2026-10-09
    days on market $310,000 Active 197 DOM
  26. 2026-10-08
    days on market $310,000 Active 196 DOM
  27. 2026-10-07
    days on market $310,000 Active 195 DOM
  28. 2026-10-06
    days on market $310,000 Active 194 DOM
  29. 2026-10-05
    days on market $310,000 Active 193 DOM
  30. 2026-10-04
    days on market $310,000 Active 192 DOM
  31. 2026-10-04
    days on market $310,000 Active 191 DOM
  32. 2026-10-02
    days on market $310,000 Active 190 DOM
  33. 2026-10-01
    statusdays on market $310,000 Active 189 DOM
  34. 2026-09-30
    days on market $310,000 Active Under Contract 188 DOM
  35. 2026-09-29
    days on market $310,000 Active Under Contract 187 DOM
  36. 2026-09-28
    days on market $310,000 Active Under Contract 186 DOM
  37. 2026-09-27
    days on market $310,000 Active Under Contract 185 DOM
  38. 2026-09-25
    days on market $310,000 Active Under Contract 183 DOM
  39. 2026-09-24
    days on market $310,000 Active Under Contract 182 DOM
  40. 2026-09-23
    days on market $310,000 Active Under Contract 181 DOM
  41. 2026-09-22
    days on market $310,000 Active Under Contract 180 DOM
  42. 2026-09-21
    days on market $310,000 Active Under Contract 179 DOM
  43. 2026-09-20
    days on market $310,000 Active Under Contract 178 DOM
  44. 2026-09-19
    days on market $310,000 Active Under Contract 177 DOM
  45. 2026-09-18
    days on market $310,000 Active Under Contract 176 DOM
  46. 2026-09-17
    days on market $310,000 Active Under Contract 175 DOM
  47. 2026-09-16
    days on market $310,000 Active Under Contract 174 DOM
  48. 2026-09-15
    days on market $310,000 Active Under Contract 173 DOM
  49. 2026-09-14
    days on market $310,000 Active Under Contract 172 DOM
  50. 2026-09-13
    days on market $310,000 Active Under Contract 171 DOM

ⓘ 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
$8,874 · $740/mo
Projected year-2 tax
$8,874 · $740/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 7/10 Severe
  • 🌡 Heat 7/10 Severe 7 d/yr ≥106°F today · 23 d/yr by 30 yrs out
  • 💨 Wind 6/10 Major 70% chance of damaging wind over 30 yrs
  • 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$28,690
− Mortgage interest
−$17,365
− Property taxes
−$8,874
− Insurance
−$1,550
− Repairs & maintenance
−$2,295
− Management
−$2,295
− HOA
−$492
− Depreciation
−$9,018
Taxable loss
−$13,200
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$3,168
After-tax cash flow
$-4,591/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

Good 80/100 Cosmetic rehab Est. rehab $10,675–$32,025 screening

This home is in good condition with a good condition score of 80. It is move-in ready with a cosmetic rehab level and minimal repairs needed.

Value-add opportunities

  • Resale Paint exterior — Enhances curb appeal and can add value ↑
  • Rental Replace ceiling fan — Improves comfort and can attract renters ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 48/100

Zoned Schools

Elementary Bill Burden El F TX #1,490/4,322 Nat'l #19,191/41,679 Middle Louine Noble El D TX #926/4,322 Nat'l #13,933/41,679 High Liberty Hill H S C- TX #422/1,632 Nat'l #4,773/17,239

Schools (NCES district)

District
Liberty Hill ISD
NCES district ID
4827420
Math proficiency
43% ▼ -20.00%
Reading proficiency
52% ▼ -11.00%
Median HH income
$81,084
Composite
43.65/100
National rank
#2965
State rank
#160 of 826 in TX
C Composite livability gradescore 68/100

Livability — Liberty Hill

Score
68/100
State rank
#495
US rank
#9892

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Liberty Hill, TX
County
Williamson County · 699,027 people
City population
26,434
Metro
Austin-Round Rock-Georgetown, TX
Population (ZIP)
26,434
Household income
$132,958
Rent vs Own
17.1% rent · 82.9% own
Severe rent burden
3% of renters

Population outlook (Williamson County) Hauer SSP2

Today (2025)
699,027 people
By 2030
795,537 · +13.8%
By 2040
990,683 · +41.7%
By 2050
1,184,292 · +69.4%
By 2075
1,623,825 · +132.3%
By 2100
1,924,153 · +175.3%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (65%)
Race & ethnicity
White 65% Hispanic / Latino 27% Two or more races 14% Asian 2% Black 2%
Hispanic origin (detail)
Mexican 25% Puerto Rican 1%
Languages at home
81% English-only · Spanish 15% Other Asian/Pacific 1% Tagalog/Filipino 1%

Political lean MEDSL · Williamson

2024 margin
Toss-up / Even · D 48.0% · R 50.4% · Other 1.6%
2008→2024 swing
+10.6pp toward D · 2008: -13.0pp · 2024: -2.5pp
All cycles
2024: R+2.5 2020: D+1.4 2016: R+9.9 2012: R+21.5 2008: R+13.0

Not yet ingested

Civics
—

Price history

-22.5% since first listed
15 events — show timeline
  • 2026-04-14 Contingent — Unlock MLS
  • 2026-03-26 Listed $310,000 Unlock MLS
  • 2025-06-20 Listed — Unlock MLS
  • 2024-05-31 Sold (Public Records) — Public Records
  • 2024-05-30 Sold (MLS) — Unlock MLS
  • 2024-05-16 Pending — CTXMLS
  • 2024-05-10 Pending — Unlock MLS
  • 2024-05-01 Contingent — CTXMLS
  • 2024-05-01 Contingent — Unlock MLS
  • 2024-04-17 Price Changed $365,000 CTXMLS
  • 2024-04-17 Price Changed $365,000 Unlock MLS
  • 2024-04-02 Price Changed $389,000 CTXMLS
  • 2024-04-01 Price Changed $389,000 Unlock MLS
  • 2024-03-23 Listed $399,900 CTXMLS
  • 2024-03-23 Listed $399,900 Unlock MLS

Property tax history

+46.5%/yr

Latest (2026): $8,874 · +14.9% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…