610 Campus St · Troy, TX 76579

$189,990

3 bd · 2.0 ba · 1,174 sqft · Townhouse · 27 Days on market

Built 2026 Good condition $162/sqft · at area comps Est $187k · at est.

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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 +12.7/30.0
• ARV discount +6.9/15.0
• Condition / age +4.0/5.0
• Schools +3.9/10.0
• DSCR +3.8/10.0
• 1% rule +3.6/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to the Nolan Plan! This thoughtfully designed townhome offers 3 bedrooms, 2 bathrooms, and a 1-car garage across 1,174 square feet of efficient and functional living space. Featuring beautiful granite countertops, durable wood-look plank and carpet floors, and an open-concept layout, this home delivers both style and practicality. Designed for comfort and convenience, the Nolan Plan is perfect for everyday living. Elevated Homes with Exclusive Savings! Join Flintrock Builders in 2026 with fixed interest rates as low as 4.99% (5.691% APR) * and closing costs covered when using Spark Mortgage * —a great opportunity to kick off your homebuying journey. Don’t miss this limited-time offer! Incentives are available on select homes and may vary by community and homesite when using a preferred lender. Restrictions apply. Please contact our sales team for full details.

Key facts

• 25 minute drive
• Ih-35 corridor
• College park

Tags

• COLLEGE PARK
• IH-35 CORRIDOR
• 25 MINUTE DRIVE
• SCOTT AND WHITE HOSPITAL
• WALMART DISTRIBUTION CENTER
• H-E-B WAREHOUSE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $190k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-20 ($-240/yr) — negative.
• To cash-flow at today's rent, offer at most $187k (1.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $164k (13.9% below list).
• Recommended offer: $164k (13.9% below list) — sets the bar for 1% rule.
• Cap rate 6.2% vs local median 4.0% in Troy — 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 71/100 on livability (#307 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, amenities F, commute F.
• Troy ISD (rural): math 44% / reading 44% proficiency, ranked #257 of 826 in TX (top 31%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Edna Bigham Mays El (421 students, 63% FRL); Raymond Mays Middle (math 42% / reading 42%, grade D-, #572 of 1,662 statewide, top 36%, 382 students, 52% FRL); Troy H S (math 47% / reading 57%, grade D+, #447 of 1,632 statewide, top 29%, 487 students, 41% FRL).
• Market conditions: 147 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,222 units permitted in Bell County in 2024 (246 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Bell County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($187k) is reasonable based on typical stale-listing flexibility.

Recommended offer $163,671 (13.9% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.86% ✗
• Cap rate: 6.17%
• Cash-on-cash: -0.45%
• DSCR: 0.98
• GRM: 9.7

CMA / ARV

• ARV (median comp): $187,303
• List price: $189,990
• Delta: 1.43%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
618 Campus St	0.02mi	3/2.0	1,174 (0%)	1mo	$189,000	$161	98
1106 College Ave	0.09mi	3/2.0	1,174 (0%)	2mo	$179,990	$153	94
1010 College Ave	0.09mi	3/2.0	1,174 (0%)	2mo	$180,490	$154	94
1122 College Ave	0.10mi	3/2.0	1,174 (0%)	2mo	$159,990	$136	93
1110 College Ave	0.10mi	3/2.0	1,174 (0%)	5mo	$169,218	$144	91
1202 College Ave	0.12mi	3/2.0	1,174 (0%)	7mo	$199,990	$170	88
530 Campus St	0.05mi	3/2.0	1,175 (+0%)	17mo	$179,990	$153	84
606 Campus St	0.01mi	3/2.0	1,175 (+0%)	21mo	$219,990	$187	82
518 Campus St	0.04mi	3/2.0	1,175 (+0%)	21mo	$189,990	$162	80
1225 College Ave	0.14mi	3/2.0	1,175 (+0%)	17mo	$215,990	$184	79
1229 College Ave	0.15mi	3/2.0	1,175 (+0%)	17mo	$219,990	$187	79
1230 College Ave	0.15mi	3/2.0	1,175 (+0%)	18mo	$189,990	$162	78

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: -17.0%
• Equity multiple: 0.40×
• Total profit: $-32,034
• Equity at exit: $28,328

10-year hold

• IRR: -8.9%
• Equity multiple: 0.45×
• Total profit: $-29,433
• Equity at exit: $16,427

Cash invested: $53,197 (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 76579

• Home prices YoY: -25.8%
• Active inventory: 147
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,637 high
• Mortgage (P&I): −$996
• Tax est. 1.5%: −$237 /mo · $2,850/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$344
• Net cashflow: $-20

Break-even live

Break-even rent $1,662

Max offer price $187,099

Occupancy floor 96%

Sensitivity live

Price	-10% $111	-5% $46	+0% $-20	+5% $-86	+10% $-151
Rent	-10% $-149	-5% $-85	+0% $-20	+5% $45	+10% $109
Rate	-1.0pp $76	-0.5pp $28	base $-20	+0.5pp $-69	+1.0pp $-119

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: $47,498
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
618 Campus St Unit 1 Troy, TX	3.0	2.0	1174	$1,500	$1.28	15d	1	0.01mi
522 Campus St Troy, TX	3.0	2.0	1205	$1,525	$1.27	45d	1	0.05mi
1005 Leah Dr Unit B Troy, TX	3.0	2.0	1292	$1,400	$1.08	23d	1	0.40mi
1104 Leah Dr Unit A Troy, TX	3.0	2.0	1295	$1,695	$1.31	15d	1	0.46mi
120 W Main St Troy, TX	1.0–2.0	1.0	750	$825	$1.10	15d	3	0.93mi
17307 Old TX 81 Unit C Troy, TX	2.0	2.0	1000	$1,295	$1.29	15d	1	1.18mi
205 Juniper Dr Troy, TX	3.0	2.0	1234	$1,395	$1.13	23d	1	1.29mi
203 Juniper Dr Troy, TX	3.0	2.0	1234	$1,395	$1.13	15d	1	1.30mi
206 Juniper Dr Troy, TX	3.0	2.0	1332	$1,395	$1.05	23d	1	1.31mi
204b Juniper Dr Troy, TX	3.0	2.0	1332	$1,395	$1.05	15d	1	1.31mi
206 Sparrow Cv Troy, TX	3.0	2.0	1332	$1,395	$1.05	15d	1	1.36mi

Listing history 7 events

1. 2026-06-15
   days on market $189,990 Active 27 DOM
2. 2026-06-14
   remarks 699-char remark
3. 2026-06-14
   statusdays on marketlisting id $189,990 Active 25 DOM
4. 2026-05-19
   listed $189,990 Active 786-char remark
5. 2026-05-14
   status Pending 893-char remark

   Show marketing remark (893 chars)

   Welcome to the Nolan Plan! This thoughtfully designed townhome offers 3 bedrooms, 2 bathrooms, and a 1-car garage across 1,174 square feet of efficient and functional living space. Featuring beautiful granite countertops, durable wood-look plank and carpet floors, and an open-concept layout, this home delivers both style and practicality. Designed for comfort and convenience, the Nolan Plan is perfect for everyday living. Elevated Homes with Exclusive Savings! Join Flintrock Builders in 2026 with fixed interest rates as low as 4.99% (5.691% APR) * and closing costs covered when using Spark Mortgage * —a great opportunity to kick off your homebuying journey. Don’t miss this limited-time offer! Incentives are available on select homes and may vary by community and homesite when using a preferred lender. Restrictions apply. Please contact our sales team for full details.

6. 2026-04-02
   price $189,990 893-char remark

   Show marketing remark (893 chars)

   Welcome to the Nolan Plan! This thoughtfully designed townhome offers 3 bedrooms, 2 bathrooms, and a 1-car garage across 1,174 square feet of efficient and functional living space. Featuring beautiful granite countertops, durable wood-look plank and carpet floors, and an open-concept layout, this home delivers both style and practicality. Designed for comfort and convenience, the Nolan Plan is perfect for everyday living. Elevated Homes with Exclusive Savings! Join Flintrock Builders in 2026 with fixed interest rates as low as 4.99% (5.691% APR) * and closing costs covered when using Spark Mortgage * —a great opportunity to kick off your homebuying journey. Don’t miss this limited-time offer! Incentives are available on select homes and may vary by community and homesite when using a preferred lender. Restrictions apply. Please contact our sales team for full details.

7. 2026-03-26
   listed $179,990 Active 893-char remark

   Show marketing remark (893 chars)

   Welcome to the Nolan Plan! This thoughtfully designed townhome offers 3 bedrooms, 2 bathrooms, and a 1-car garage across 1,174 square feet of efficient and functional living space. Featuring beautiful granite countertops, durable wood-look plank and carpet floors, and an open-concept layout, this home delivers both style and practicality. Designed for comfort and convenience, the Nolan Plan is perfect for everyday living. Elevated Homes with Exclusive Savings! Join Flintrock Builders in 2026 with fixed interest rates as low as 4.99% (5.691% APR) * and closing costs covered when using Spark Mortgage * —a great opportunity to kick off your homebuying journey. Don’t miss this limited-time offer! Incentives are available on select homes and may vary by community and homesite when using a preferred lender. Restrictions apply. Please contact our sales team for full details.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $19,641
• − Mortgage interest: −$10,642
• − Property taxes: −$2,850
• − Insurance: −$950
• − Repairs & maintenance: −$1,571
• − Management: −$1,571
• − Depreciation: −$5,527
• Taxable loss: −$3,471
• Est. tax savings @ 24.0%: +$833
• After-tax cash flow: $593/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 None rehab

This thoughtfully designed townhome offers 3 bedrooms, 2 bathrooms, and a 1-car garage across 1,174 square feet of efficient and functional living space. The home is in good condition with no visible repairs needed, making it a great investment opportunity.

Value-add opportunities

• Both Painting exterior siding — Enhances curb appeal and value
• Both Landscaping around the front yard — Improves curb appeal and enhances property value
• Both Adding a small outdoor seating area — Increases functionality and appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior siding — Enhances curb appeal and value ↑
• Both Landscaping around the front yard — Improves curb appeal and enhances property value ↑
• Both Adding a small outdoor seating area — Increases functionality and 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: Troy ISD
• NCES district ID: 4843260
• Math proficiency: 44% ▼ -11.00%
• Reading proficiency: 44% ▼ -2.00%
• Median HH income: $60,586
• Composite: 38.83/100
• National rank: #4110
• State rank: #257 of 826 in TX

Livability — Troy

• Score: 71/100
• State rank: #307
• US rank: #6921

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Troy, TX
• County: Bell County · 345,090 people
• City population: 5,448
• Metro: Killeen-Temple, TX
• Population (ZIP): 5,448
• Household income: $85,480
• Rent vs Own: 34.1% rent · 65.9% own
• Severe rent burden: 210.0

Population outlook (Bell County) Hauer SSP2

• Today (2025): 371,114 people
• By 2030: 389,104 · +4.8%
• By 2040: 420,592 · +13.3%
• By 2050: 447,779 · +20.7%
• By 2075: 499,130 · +34.5%
• By 2100: 505,680 · +36.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Hispanic / Latino 22% Two or more races 19% Black 2%
• Hispanic origin (detail): Mexican 20%
• Common ancestry: Italian 6% Lithuanian 4% Slovak 1%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 9%

Political lean MEDSL · Bell

• 2024 margin: R (+16.2) · D 41.3% · R 57.6% · Other 1.1%
• 2008→2024 swing: -6.5pp toward R · 2008: -9.8pp · 2024: -16.2pp
• All cycles: 2024: R+16.2 2020: R+8.5 2016: R+15.1 2012: R+16.4 2008: R+9.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -64.05%
• Current HPI: 183.9791
• Rent YoY: —
• Metro: Killeen-Temple, TX
• 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

+0.0% since first listed

4 events — show timeline

• 2026-06-10 Sold (MLS) $179,990 CTXMLS
• 2026-05-14 Pending — CTXMLS
• 2026-04-02 Price Changed $189,990 CTXMLS
• 2026-03-26 Listed $179,990 CTXMLS