7245 County Road 998 · Wylie, TX 75173

$250,000

3 bd · 1.5 ba · 1,416 sqft · SingleFamily public records · 71 Days on market

Built 1970 0.50 ac lot $177/sqft · 32% below area Est $369k · 32% under ↓ 4% since listing

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Why this score? — see what drove the C 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 +15.0/15.0
• Cash flow +13.1/30.0
• Appreciation +10.0/10.0
• DSCR +3.9/10.0
• Livability +3.5/5.0
• 1% rule +3.3/10.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This inviting one-level home is designed to offer effortless living, with a well-thought-out floor plan that balances comfort and functionality. Situated on a 0.5-acre lot, the property provides ample space for a variety of possibilities, whether you're looking to expand, create your own garden oasis, or enjoy the open space. Nestled in a serene and secluded location, this fully remodeled home offers a peaceful retreat with privacy while being part of a quiet, welcoming neighborhood. Surrounded by nature, the property allows for outdoor activities, relaxation, and beautiful views. The land between the home and Lake Lavon is owned by the Army Corps of Engineers, ensuring that no future developments will interfere with the unobstructed lake access and scenic vistas. The community provides a friendly, connected atmosphere where neighbors take pride in their homes. With easy access to nearby amenities and a location that offers both peace and convenience, this home is a true sanctuary. If you’re ready to explore this unique property and envision your life here, we invite you to schedule a showing today and experience all it has to offer.

Key facts

• 0.5 acre lot
• Scenic vistas
• 0.5 acre lot

Tags

• 0.5 ACRE LOT
• UNOBSTRUCTED LAKE ACCESS
• SCENIC VISTAS

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $-8 ($-98/yr) — negative.
• To cash-flow at today's rent, offer at most $249k (0.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $208k (16.7% below list).
• Recommended offer: $208k (16.7% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 4.0% in Wylie — 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 69/100 on livability (#419 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Community ISD (rural): math 30% / reading 38% proficiency, ranked #479 of 826 in TX (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 421 active listings in the ZIP; 19,194 units permitted in Collin County in 2024 (3,988 in 5+ unit buildings).

Forward outlook

• In year one you build about $27k of equity ($2k loan paydown + $25k appreciation (10.0% local appreciation)).
• Collin County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $70k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$43k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 71 days — a 6% lower offer ($235k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• 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 $208,275 (16.7% 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 71 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
3. Built in 1970 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.83% ✗
• Cap rate: 6.25%
• Cash-on-cash: -0.14%
• DSCR: 0.99
• GRM: 10.0

CMA / ARV

• ARV (median comp): $368,725
• List price: $250,000
• Delta: -32.20%
• Verdict: UNDERPRICED
• Comps: 11 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7022 County Road 487	0.19mi	2/1.0 (-1)	1,300 (-8%)	7mo	$499,000	$384	65

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 24.2%
• Equity multiple: 2.94×
• Total profit: $135,620
• Equity at exit: $225,220

10-year hold

• IRR: 21.4%
• Equity multiple: 6.71×
• Total profit: $399,761
• Equity at exit: $485,695

Cash invested: $70,000 (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 75173

• Home prices YoY: 3.1%
• Active inventory: 421
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $2,083 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$238 /mo · $2,861/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$437
• Net cashflow: $-8

Break-even live

Break-even rent $2,093

Max offer price $248,551

Occupancy floor 95%

Sensitivity live

Price	-10% $133	-5% $63	+0% $-8	+5% $-79	+10% $-150
Rent	-10% $-173	-5% $-90	+0% $-8	+5% $74	+10% $156
Rate	-1.0pp $118	-0.5pp $55	base $-8	+0.5pp $-73	+1.0pp $-139

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   days on market $250,000 Active 71 DOM
2. 2026-06-17
   days on market $250,000 Active 70 DOM
3. 2026-06-16
   days on market $250,000 Active 69 DOM
4. 2026-06-15
   days on market $250,000 Active 68 DOM
5. 2026-06-13
   days on market $250,000 Active 66 DOM
6. 2026-06-13
   days on market $250,000 Active 65 DOM
7. 2026-06-10
   price $250,000 Active 62 DOM
8. 2026-06-09
   days on market $265,000 Active 62 DOM
9. 2026-06-08
   days on market $265,000 Active 61 DOM
10. 2026-06-07
    days on market $265,000 Active 60 DOM
11. 2026-06-04
    days on market $265,000 Active 57 DOM
12. 2026-06-03
    days on market $265,000 Active 56 DOM
13. 2026-06-02
    days on market $265,000 Active 55 DOM
14. 2026-06-01
    days on market $265,000 Active 54 DOM
15. 2026-05-31
    days on market $265,000 Active 53 DOM
16. 2026-05-05
    price $265,000 1157-char remark

    Show marketing remark (1157 chars)

    This inviting one-level home is designed to offer effortless living, with a well-thought-out floor plan that balances comfort and functionality. Situated on a 0.5-acre lot, the property provides ample space for a variety of possibilities, whether you're looking to expand, create your own garden oasis, or enjoy the open space. Nestled in a serene and secluded location, this fully remodeled home offers a peaceful retreat with privacy while being part of a quiet, welcoming neighborhood. Surrounded by nature, the property allows for outdoor activities, relaxation, and beautiful views. The land between the home and Lake Lavon is owned by the Army Corps of Engineers, ensuring that no future developments will interfere with the unobstructed lake access and scenic vistas. The community provides a friendly, connected atmosphere where neighbors take pride in their homes. With easy access to nearby amenities and a location that offers both peace and convenience, this home is a true sanctuary. If you’re ready to explore this unique property and envision your life here, we invite you to schedule a showing today and experience all it has to offer.

17. 2026-03-18
    listed $275,000 Active 1157-char remark

    Show marketing remark (1157 chars)

    This inviting one-level home is designed to offer effortless living, with a well-thought-out floor plan that balances comfort and functionality. Situated on a 0.5-acre lot, the property provides ample space for a variety of possibilities, whether you're looking to expand, create your own garden oasis, or enjoy the open space. Nestled in a serene and secluded location, this fully remodeled home offers a peaceful retreat with privacy while being part of a quiet, welcoming neighborhood. Surrounded by nature, the property allows for outdoor activities, relaxation, and beautiful views. The land between the home and Lake Lavon is owned by the Army Corps of Engineers, ensuring that no future developments will interfere with the unobstructed lake access and scenic vistas. The community provides a friendly, connected atmosphere where neighbors take pride in their homes. With easy access to nearby amenities and a location that offers both peace and convenience, this home is a true sanctuary. If you’re ready to explore this unique property and envision your life here, we invite you to schedule a showing today and experience all it has to offer.

ⓘ 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: $2,861 · $238/mo
• Projected year-2 tax: $4,575 · $381/mo
• Expected delta: +$1,714/yr (+$143/mo · 59.9%)

ⓘ 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 ≥109°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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,993
• − Mortgage interest: −$14,004
• − Property taxes: −$2,861
• − Insurance: −$1,250
• − Repairs & maintenance: −$1,999
• − Management: −$1,999
• − Depreciation: −$7,273
• Taxable loss: −$4,393
• Est. tax savings @ 24.0%: +$1,054
• After-tax cash flow: $956/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: Community ISD
• NCES district ID: 4814850
• Math proficiency: 30% ▼ -23.00%
• Reading proficiency: 38% ▼ -11.00%
• Median HH income: $71,841
• Composite: 31.58/100
• National rank: #5951
• State rank: #479 of 826 in TX

Livability — Wylie

• Score: 69/100
• State rank: #419
• US rank: #8623

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 69,325
• Population (ZIP): 9,284

Population outlook (Collin County) Hauer SSP2

• Today (2025): 1,210,074 people
• By 2030: 1,358,201 · +12.2%
• By 2040: 1,654,061 · +36.7%
• By 2050: 1,937,359 · +60.1%
• By 2075: 2,567,039 · +112.1%
• By 2100: 2,952,048 · +144.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 28% Two or more races 15% Black 2% Native American 1%
• Hispanic origin (detail): Mexican 26%
• Common ancestry: Slovak 2% Serbian 1% Iranian 1%
• Foreign-born: 17% · Canada, Jamaica
• Languages at home: 74% English-only · Spanish 24% Arabic 1%

Political lean MEDSL · Collin

• 2024 margin: R (+11.1) · D 43.1% · R 54.3% · Other 2.6%
• 2008→2024 swing: +14.4pp toward D · 2008: -25.6pp · 2024: -11.1pp
• All cycles: 2024: R+11.1 2020: R+4.3 2016: R+17.0 2012: R+31.6 2008: R+25.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 10.09%
• Current HPI: 331.12
• 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

-3.6% since first listed

2 events — show timeline

• 2026-05-05 Price Changed $265,000 NTREIS
• 2026-03-18 Listed $275,000 NTREIS

Property tax history

+5.9%/yr

Latest (2025): $2,861 · -9.8% YoY. Source: county tax records.