611 Houston St Unit A · Atlanta, TX 75551

$69,999

3 bd · 1.0 ba · 1,632 sqft · SingleFamily public records · 220 Days on market

Built 1940 0.26 ac lot $43/sqft · 40% below area Est $116k · 40% under

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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 +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

JUST LISTED! This single-story home 3 bedrooms and 1 bath. Built in the 1940s, offers a practical layout and features a metal roof and wood exterior. It sits on a roughly QUARTER ACRE LOT, providing solid foundational choices for customization. Inside, basic utilities like central cooling are in place, and the home’s classic structure presents opportunity for updates. Located within the Atlanta, TX area, it offers EASY ACCESS TO HWY 59 and local schools and services, making it a suitable fit for both homeowners and investors. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

Key facts

• Metal roof
• Central cooling
• Quarter acre lot

Tags

• METAL ROOF
• WOOD EXTERIOR
• QUARTER ACRE LOT
• CENTRAL COOLING
• EASY ACCESS TO HWY 59

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $468 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $62k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#500 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D+, employment D, amenities F.
• Atlanta ISD (rural): math 37% / reading 46% proficiency, ranked #402 of 826 in TX (top 49%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 174 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 12 units permitted in Cass County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $484 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Cass County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 220 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $27k; list at $70k implies a 155% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% 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 $61,599 (12.0% below list)

Questions for the listing agent

1. It's been on market 220 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 1940 — 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. 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.
7. 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.
8. 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: 1.79% ✓
• Cap rate: 14.31%
• Cash-on-cash: 28.64%
• DSCR: 2.27
• GRM: 4.7

CMA / ARV

• ARV (median comp): $116,193
• List price: $69,999
• Delta: -39.76%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
613 N Louise St	0.69mi	2/2.0 (-1)	1,448 (-11%)	18mo	$189,900	$131	25

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: 23.0%
• Equity multiple: 1.94×
• Total profit: $18,487
• Equity at exit: $10,437

10-year hold

• IRR: 30.9%
• Equity multiple: 3.79×
• Total profit: $54,622
• Equity at exit: $6,052

Cash invested: $19,600 (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 75551

• Home prices YoY: -24.3%
• Active inventory: 174
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,250 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$124 /mo · $1,483/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$262
• Net cashflow: $468

Break-even live

Break-even rent $658

Max offer price $69,999

Occupancy floor 58%

Sensitivity live

Price	-10% $507	-5% $488	+0% $468	+5% $448	+10% $428
Rent	-10% $369	-5% $418	+0% $468	+5% $517	+10% $566
Rate	-1.0pp $503	-0.5pp $486	base $468	+0.5pp $450	+1.0pp $431

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
203 Grandview Ave Atlanta, TX	3.0	1.0	1209	$1,250	$1.03	44d	1	0.92mi

Listing history 17 events

1. 2026-06-21
   days on market $69,999 Active 220 DOM
2. 2026-06-18
   days on market $69,999 Active 218 DOM
3. 2026-06-17
   days on market $69,999 Active 217 DOM
4. 2026-06-16
   days on market $69,999 Active 216 DOM
5. 2026-06-15
   days on market $69,999 Active 215 DOM
6. 2026-06-13
   days on market $69,999 Active 213 DOM
7. 2026-06-12
   days on market $69,999 Active 212 DOM
8. 2026-06-09
   days on market $69,999 Active 209 DOM
9. 2026-06-08
   days on market $69,999 Active 208 DOM
10. 2026-06-08
    days on market $69,999 Active 207 DOM
11. 2026-06-07
    days on market $69,999 Active 206 DOM
12. 2026-06-03
    days on market $69,999 Active 203 DOM
13. 2026-06-02
    days on market $69,999 Active 202 DOM
14. 2026-06-01
    days on market $69,999 Active 201 DOM
15. 2026-05-31
    days on market $69,999 Active 200 DOM
16. 2025-11-12
    listed $69,999 Active 762-char remark

    Show marketing remark (762 chars)

    JUST LISTED! This single-story home 3 bedrooms and 1 bath. Built in the 1940s, offers a practical layout and features a metal roof and wood exterior. It sits on a roughly QUARTER ACRE LOT, providing solid foundational choices for customization. Inside, basic utilities like central cooling are in place, and the home’s classic structure presents opportunity for updates. Located within the Atlanta, TX area, it offers EASY ACCESS TO HWY 59 and local schools and services, making it a suitable fit for both homeowners and investors. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

17. 2024-10-31
    soldstatus $27,455

ⓘ 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: $1,483 · $124/mo
• Projected year-2 tax: $1,483 · $124/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 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥112°F today · 23 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,000
• − Mortgage interest: −$3,921
• − Property taxes: −$1,483
• − Insurance: −$350
• − Repairs & maintenance: −$1,200
• − Management: −$1,200
• − Depreciation: −$2,036
• Taxable income: $4,810
• Est. tax owed @ 24.0%: −$1,154
• After-tax cash flow: $4,458/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: Atlanta ISD
• NCES district ID: 4808880
• Math proficiency: 37% ▼ -8.00%
• Reading proficiency: 46% ▼ -3.00%
• Median HH income: $37,392
• Composite: 34.5/100
• National rank: #5182
• State rank: #402 of 826 in TX

Livability — Atlanta

• Score: 68/100
• State rank: #500
• US rank: #9952

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Atlanta, TX
• Population (ZIP): 10,768

Population outlook (Cass County) Hauer SSP2

• Today (2025): 29,998 people
• By 2030: 29,583 · -1.4%
• By 2040: 28,512 · -5.0%
• By 2050: 27,230 · -9.2%
• By 2075: 24,917 · -16.9%
• By 2100: 21,582 · -28.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 16% Hispanic / Latino 7% Two or more races 6% Asian 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Iranian 2% Italian 1% Romanian 1%
• Foreign-born: 3% · Canada, China, Vietnam
• Languages at home: 95% English-only · Spanish 4% Chinese 1%

Political lean MEDSL · Cass

• 2024 margin: Solid R (+65.7) · D 17.0% · R 82.7%
• 2008→2024 swing: -25.2pp toward R · 2008: -40.4pp · 2024: -65.7pp
• All cycles: 2024: R+65.7 2020: R+59.1 2016: R+59.7 2012: R+49.5 2008: R+40.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -45.80%
• Current HPI: 142.5195
• 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

+155.0% since first listed

2 events — show timeline

• 2025-11-12 Listed $69,999 HARMLS
• 2024-10-31 Sold (Public Records) $27,455 Public Records

Property tax history

-0.2%/yr

Latest (2025): $1,483 · +7.4% YoY. Source: county tax records.