1308 Terrace Dr · Killeen, TX 76541

$100,000

2 bd · 1.0 ba · 1,341 sqft · Townhouse public records · 121 Days on market

Built 1958 9,130 sqft lot

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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).

• Cash flow +20.7/30.0
• ARV discount +7.5/15.0
• DSCR +6.6/10.0
• Appreciation +6.1/10.0
• 1% rule +6.0/10.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0

Listing remarks MLS

1308 Terrace Drive Is A Quaint Duplex with 1 Bed Room & 1 Bath Per Side! This Duplex Is Highlighted with Identical Apartments Featuring Ceramic Tile Flooring Throughout; A Living Room, Dining Room, 1 bedroom, 1 Bath and The Kitchen. . The Kitchen Boasts Of A Natural Gas Range, Vent-A-Hood, + A Refrigerator. Both sides Offer Central Heat & Air, Plus A Detached garage in back - Designed For 1 Car Per Side. Recent Updates Include: A Full Exterior Paint in 2025, New Roof in 2025, New Sewer Lines, New Water Lines, New Windows, Plus The Hot water Heaters are both only 2 years old, The left unit has a Brand New Privacy fence around its patio area; And the left unit been upgraded with a New Shower & Tub! The Garage is in Advanced Stages Of Deterioration & Needs To Either be Rebuilt or Removed. Washer and Dryer Hook-ups are currently in the garage's. Please no showings until the Option Period! Both Units Are Month To Month. Cash Or Conventional Only Please.

Key facts

• Central heat
• Natural gas range
• Vent-a-hood

Tags

• CERAMIC TILE FLOORING
• NATURAL GAS RANGE
• VENT-A-HOOD
• REFRIGERATOR
• CENTRAL HEAT
• CENTRAL AIR

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $100k.

Deal economics

• At list price, monthly cash flow is $136 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.9% vs local median 3.9% in Killeen — 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 63/100 on livability (#853 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, amenities D, employment D.
• Killeen ISD (urban): math 31% / reading 38% proficiency, ranked #524 of 826 in TX (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-2.0%/yr); 123 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 3,222 units permitted in Bell County in 2024 (246 in 5+ unit buildings).
• This rent runs 35% of the median local income ($37k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $3k of equity ($691 loan paydown + $2k appreciation (2.3% local appreciation)).
• Bell County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (2.3% appreciation + 0.0% rent growth), your $28k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 121 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 18y 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.
• Current owner paid $28k; list at $100k implies a 264% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 61% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $88,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 121 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 1958 — 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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.10% ✓
• Cap rate: 7.92%
• Cash-on-cash: 5.83%
• DSCR: 1.26
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.26% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 9.1%
• Equity multiple: 1.49×
• Total profit: $13,659
• Equity at exit: $40,864

10-year hold

• IRR: 10.3%
• Equity multiple: 2.35×
• Total profit: $37,707
• Equity at exit: $59,957

Cash invested: $28,000 (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 76541

• Home prices YoY: 1.4%
• Rents YoY: -2.0%
• Active inventory: 123
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,104 high
• Mortgage (P&I): −$524
• Tax from tax record: −$170 /mo · $2,041/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$232
• Net cashflow: $136

Break-even live

Break-even rent $932

Max offer price $100,000

Occupancy floor 83%

Sensitivity live

Price	-10% $193	-5% $164	+0% $136	+5% $108	+10% $79
Rent	-10% $49	-5% $92	+0% $136	+5% $180	+10% $223
Rate	-1.0pp $186	-0.5pp $161	base $136	+0.5pp $110	+1.0pp $84

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
907 Wells St Killeen, TX	3.0	1.0	1050	$950	$0.90	24d	1	0.14mi
1302 Redondo Dr Killeen, TX	3.0	1.0	1327	$1,200	$0.90	45d	1	0.16mi
1414 Alta Mira Dr Killeen, TX	3.0	1.0	1294	$1,099	$0.85	24d	1	0.21mi
724 Carrie Ave Killeen, TX	3.0	1.0	1100	$1,000	$0.91	45d	1	0.22mi
710 Sutton Dr Killeen, TX	1.0	1.0	1322	$752	$0.57	45d	1	0.31mi
1306 Duvall Dr Killeen, TX	3.0	1.0	1000	$1,025	$1.02	45d	1	0.37mi
2218 Terrace Dr Killeen, TX	3.0	2.0	1772	$1,750	$0.99	15d	1	0.40mi
506 Powell St Killeen, TX	3.0	1.0	1546	$1,400	$0.91	45d	1	0.40mi
1417 Jasper Garden Ct Killeen, TX	3.0	2.0	1477	$1,675	$1.13	45d	1	0.45mi
801 S W S Young Dr Killeen, TX	3.0	1.0–2.0	1027	$1,760	$1.71	15d	12	0.45mi
1504 S W S Young Dr Killeen, TX	3.0	1.0	1065	$1,100	$1.03	22d	1	0.46mi
1305 Arkansas Ave Killeen, TX	3.0	2.0	1276	$1,300	$1.02	24d	1	0.48mi
2307 Terrace Dr Unit C Killeen, TX	3.0	2.0	1203	$850	$0.71	15d	1	0.50mi
1512 S W S Young Dr Killeen, TX	3.0	1.0	1149	$1,195	$1.04	45d	1	0.50mi
118 E Fowler Ave Killeen, TX	3.0	1.0	902	$875	$0.97	45d	1	0.51mi
208 E Voelter Ave Killeen, TX	3.0	2.0	1215	$995	$0.82	24d	1	0.53mi
2318 Terrace Dr Killeen, TX	3.0	2.0	1370	$1,299	$0.95	45d	1	0.54mi
1402 Missouri Ave Killeen, TX	3.0	1.5	1052	$1,525	$1.45	45d	1	0.56mi
1513 Missouri Ave Killeen, TX	3.0	2.0	1266	$1,300	$1.03	45d	1	0.57mi
1401 Illinois Ave Killeen, TX	3.0	1.5	1130	$1,250	$1.11	45d	1	0.58mi
2318 Mary Ln Killeen, TX	3.0	1.5	1162	$1,225	$1.05	45d	1	0.60mi
2303 Dover Rd Killeen, TX	3.0	2.0	1398	$1,400	$1.00	24d	1	0.63mi
205 W Vardeman Ave Unit A Killeen, TX	3.0	1.0	1824	$925	$0.51	45d	1	0.73mi
1602 Van Zanten Dr Unit A Killeen, TX	2.0	2.0	953	$850	$0.89	24d	1	0.74mi
2312 Doris Dr Killeen, TX	3.0	2.0	1331	$1,350	$1.01	45d	1	0.74mi
910 Stetson Ave Unit (SR PnB) 910-912 Stetson Killeen, TX	3.0	1.0	1082	$900	$0.83	24d	1	0.74mi
1405 Van Zanten Ct Apt A Killeen, TX	2.0	1.5	915	$775	$0.85	45d	1	0.74mi
1611 Grandon Dr Killeen, TX	1.0–3.0	1.0–2.0	854	$1,100	$1.29	15d	11	0.76mi
808 Stetson Ave Unit 806 Killeen, TX	2.0	1.0	1650	$825	$0.50	45d	1	0.76mi
710 Stetson Ave Unit 712 Killeen, TX	2.0	1.0	1725	$800	$0.46	45d	1	0.76mi
2701 Stetson Ave #2703 Killeen, TX	2.0	1.0	1536	$800	$0.52	45d	1	0.77mi
2707 Taft St Killeen, TX	3.0	2.0	1131	$1,200	$1.06	45d	1	0.78mi
2701 Hillside Dr Killeen, TX	3.0	1.0	924	$995	$1.08	22d	1	0.82mi
919 Southside Dr Killeen, TX	3.0	1.0	925	$1,300	$1.41	45d	1	0.86mi
910 San Antonio St Killeen, TX	3.0	1.0	1208	$995	$0.82	45d	1	0.87mi
1309 Greenwood Ave Killeen, TX	3.0	1.0	925	$900	$0.97	22d	1	0.89mi
907 San Antonio St Killeen, TX	3.0	1.5	1303	$1,195	$0.92	45d	1	0.89mi
1302 Opal Rd Unit A Killeen, TX	2.0	1.5	1125	$750	$0.67	24d	1	0.90mi
1409 Opal Rd Killeen, TX	3.0	2.0	1319	$1,400	$1.06	45d	1	0.92mi
1316 Opal Rd Unit A Killeen, TX	2.0	1.5	1200	$1,299	$1.08	45d	1	0.92mi

Listing history 31 events

1. 2026-06-18
   days on market $100,000 Active 121 DOM
2. 2026-06-17
   days on market $100,000 Active 120 DOM
3. 2026-06-16
   days on market $100,000 Active 119 DOM
4. 2026-06-15
   days on market $100,000 Active 118 DOM
5. 2026-06-14
   days on market $100,000 Active 116 DOM
6. 2026-06-13
   days on market $100,000 Active 115 DOM
7. 2026-06-10
   days on market $100,000 Active 113 DOM
8. 2026-06-09
   days on market $100,000 Active 112 DOM
9. 2026-06-08
   days on market $100,000 Active 111 DOM
10. 2026-06-07
    days on market $100,000 Active 110 DOM
11. 2026-06-03
    days on market $100,000 Active 106 DOM
12. 2026-06-02
    days on market $100,000 Active 105 DOM
13. 2026-06-01
    days on market $100,000 Active 104 DOM
14. 2026-05-31
    days on market $100,000 Active 103 DOM
15. 2026-05-30
    days on market $100,000 Active 102 DOM
16. 2026-02-15
    listed $100,000 Active 992-char remark

    Show marketing remark (992 chars)

    1308 Terrace Drive Is A Quaint Duplex with 1 Bed Room & 1 Bath Per Side! This Duplex Is Highlighted with Identical Apartments Featuring Ceramic Tile Flooring Throughout; A Living Room, Dining Room, 1 bedroom, 1 Bath and The Kitchen. . The Kitchen Boasts Of A Natural Gas Range, Vent-A-Hood, + A Refrigerator. Both sides Offer Central Heat & Air, Plus A Detached garage in back - Designed For 1 Car Per Side. Recent Updates Include: A Full Exterior Paint in 2025, New Roof in 2025, New Sewer Lines, New Water Lines, New Windows, Plus The Hot water Heaters are both only 2 years old, The left unit has a Brand New Privacy fence around its patio area; And the left unit been upgraded with a New Shower & Tub! The Garage is in Advanced Stages Of Deterioration & Needs To Either be Rebuilt or Removed. Washer and Dryer Hook-ups are currently in the garage's. Please no showings until the Option Period! Both Units Are Month To Month. Cash Or Conventional Only Please.

17. 2020-03-27
    soldstatus Sold 289-char remark

    Show marketing remark (289 chars)

    Unit 1 is occupied. Unit 2 has all tile floors. Living Room, Dining Room, 1 bedroom, 1 Bath and kitchen with gas stove and refrigerator. Unit 1 has carpet and tile. Central Heat and Air. 2 car detached garage in back. 1 Washer and Dryer Hook up in garage. FEMA - Unknown Restrictions: Yes

18. 2020-02-28
    status Pending

    Show marketing remark (289 chars)

    Unit 1 is occupied. Unit 2 has all tile floors. Living Room, Dining Room, 1 bedroom, 1 Bath and kitchen with gas stove and refrigerator. Unit 1 has carpet and tile. Central Heat and Air. 2 car detached garage in back. 1 Washer and Dryer Hook up in garage. FEMA - Unknown Restrictions: Yes

19. 2020-02-28
    status Pending 289-char remark

    Show marketing remark (289 chars)

    Unit 1 is occupied. Unit 2 has all tile floors. Living Room, Dining Room, 1 bedroom, 1 Bath and kitchen with gas stove and refrigerator. Unit 1 has carpet and tile. Central Heat and Air. 2 car detached garage in back. 1 Washer and Dryer Hook up in garage. FEMA - Unknown Restrictions: Yes

20. 2020-02-20
    listed $57,000 Active 289-char remark

    Show marketing remark (289 chars)

    Unit 1 is occupied. Unit 2 has all tile floors. Living Room, Dining Room, 1 bedroom, 1 Bath and kitchen with gas stove and refrigerator. Unit 1 has carpet and tile. Central Heat and Air. 2 car detached garage in back. 1 Washer and Dryer Hook up in garage. FEMA - Unknown Restrictions: Yes

21. 2020-02-20
    listed $57,000 Active

    Show marketing remark (289 chars)

    Unit 1 is occupied. Unit 2 has all tile floors. Living Room, Dining Room, 1 bedroom, 1 Bath and kitchen with gas stove and refrigerator. Unit 1 has carpet and tile. Central Heat and Air. 2 car detached garage in back. 1 Washer and Dryer Hook up in garage. FEMA - Unknown Restrictions: Yes

22. 2010-06-02
    soldstatus
23. 2010-05-28
    soldstatus $27,500
24. 2010-01-04
    listed $33,500
25. 2009-12-09
    historical
26. 2009-07-09
    listed $33,500
27. 2009-07-09
    historical
28. 2009-04-14
    listed $33,500
29. 2009-04-08
    historical
30. 2008-10-15
    listed $32,500
31. 1981-03-26
    soldstatus

ⓘ 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: $2,041 · $170/mo
• Projected year-2 tax: $2,041 · $170/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 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 61% 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: $13,246
• − Mortgage interest: −$5,602
• − Property taxes: −$2,041
• − Insurance: −$500
• − Repairs & maintenance: −$1,060
• − Management: −$1,060
• − Depreciation: −$2,909
• Taxable income: $76
• Est. tax owed @ 24.0%: −$18
• After-tax cash flow: $1,613/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: Killeen ISD
• NCES district ID: 4825660
• Math proficiency: 31% ▼ -16.00%
• Reading proficiency: 38% ▼ -3.00%
• Median HH income: $47,665
• Composite: 29.69/100
• National rank: #6458
• State rank: #524 of 826 in TX

Livability — Killeen

• Score: 63/100
• State rank: #853
• US rank: #15359

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Killeen, TX
• County: Bell County · 345,090 people
• City population: 163,398
• Metro: Killeen-Temple, TX
• Population (ZIP): 19,011
• Household income: $37,349
• Rent vs Own: 76.4% rent · 23.6% own
• Severe rent burden: 1668.0

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: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: Hispanic / Latino 32% White 31% Black 27% Two or more races 10% Asian 3% Pacific Islander 1%
• Hispanic origin (detail): Mexican 21% Puerto Rican 6% Dominican 1%
• Common ancestry: Italian 2% Slovak 1% Lithuanian 1%
• Foreign-born: 14% · Canada, Vietnam, South Korea
• Languages at home: 69% English-only · Spanish 25% German/W. Germanic 2% Korean 1%

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: ▲ 2.26%
• Current HPI: 168.1206
• Rent YoY: ▼ -2.00%
• 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

+207.7% since first listed

16 events — show timeline

• 2026-02-15 Listed $100,000 CTXMLS
• 2020-03-27 Sold (MLS) — Unlock MLS
• 2020-02-28 Pending — CTXMLS
• 2020-02-28 Pending — Unlock MLS
• 2020-02-20 Listed $57,000 CTXMLS
• 2020-02-20 Listed $57,000 Unlock MLS
• 2010-06-02 Sold (Public Records) — Public Records
• 2010-05-28 Sold (MLS) $27,500 CTXMLS
• 2010-01-04 Listed $33,500 CTXMLS
• 2009-12-09 Listing Removed — CTXMLS
• 2009-07-09 Listing Removed — CTXMLS
• 2009-07-09 Listed $33,500 CTXMLS
• 2009-04-14 Listed $33,500 CTXMLS
• 2009-04-08 Listing Removed — CTXMLS
• 2008-10-15 Listed $32,500 CTXMLS
• 1981-03-26 Sold (Public Records) — Public Records

Property tax history

+14.4%/yr

Latest (2025): $2,041 · +4.2% YoY. Source: county tax records.