414 Wilma St · Tyler, TX 75701

$196,900

3 bd · 2.0 ba · 1,871 sqft · SingleFamily public records · 83 Days on market

Built 1952 $105/sqft · 19% below area Est $242k · 19% under

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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 +16.3/30.0
• ARV discount +15.0/15.0
• DSCR +5.0/10.0
• 1% rule +4.4/10.0
• Livability +3.8/5.0
• Rent growth +3.4/5.0
• Schools +3.3/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This home is currently being rented. Current rent is $1,580 a month. Annual leases. Lease ends Oct 31 2026. Perfect rental property to be added in your rental portfolio. Property has been rented for several years producing plenty of cash flow. If looking to purchase for primary residence current lease would have to be completed first prior to taking possession. Rent rolls and financial history is available upon request for serious buyers only. Preapproval required or proof of funds before viewing. No owner finance! Bank finance or cash offers only please! Need 48 hour advance notice to view. Please contact listing agent for appointments. Excellent condition and turn key ready. Great location! Ask me how I can get you preapproved for an investment loan or a first time homebuyer loan if planning on residing there. Se habla espanol.

Key facts

• Built 1952
• Listed 82 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $197k.

Deal economics

• At list price, monthly cash flow is $40 ($485/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $186k (5.6% below list).
• Recommended offer: $185k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.9% vs local median 3.6% in Tyler — 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 75/100 on livability (#147 in TX, #4,181 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, schools D+, crime D+.
• Tyler ISD (urban): math 39% / reading 38% proficiency, ranked #449 of 826 in TX (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.7%/yr); 327 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 595 units permitted in Smith County in 2024 (45 in 5+ unit buildings).
• This rent runs 34% of the median local income ($66k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.
• Smith County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($185k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 7y ago; this cycle's ask has dropped $13k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; major wind risk, 61% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $185,086 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 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?
7. 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?
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: 0.94% ✗
• Cap rate: 6.94%
• Cash-on-cash: 2.33%
• DSCR: 1.10
• GRM: 8.8

CMA / ARV

• ARV (median comp): $241,789
• List price: $196,900
• Delta: -18.57%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
708 E Loftin St	0.23mi	3/2.0	1,924 (+3%)	11mo	$215,000	$112	75
921 E Barbara St	0.39mi	3/2.0	1,749 (-6%)	3mo	$244,900	$140	69
110 Samuel St	0.51mi	3/2.0	1,870 (-0%)	14mo	$305,000	$163	64
213 E Sheridan	0.47mi	2/2.0 (-1)	1,819 (-3%)	5mo	$185,000	$102	64
2738 S Cameron	0.63mi	3/2.0	1,946 (+4%)	17mo	$350,000	$180	50
3323 S Keaton Ave	0.68mi	3/2.0	1,668 (-11%)	8mo	$245,000	$147	44
1106 Clyde Dr	0.59mi	4/2.0 (+1)	1,719 (-8%)	13mo	$200,000	$116	43
2516 S Fleishel Ave	0.54mi	3/2.0	1,727 (-8%)	23mo	$279,000	$162	43

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 · 3.66% rent growth · sell at horizon

5-year hold

• IRR: -14.1%
• Equity multiple: 0.49×
• Total profit: $-28,019
• Equity at exit: $29,358

10-year hold

• IRR: -4.2%
• Equity multiple: 0.72×
• Total profit: $-15,633
• Equity at exit: $17,024

Cash invested: $55,132 (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 75701

• Rents YoY: 3.7%
• Active inventory: 327
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,859 high
• Mortgage (P&I): −$1,033
• Tax from tax record: −$247 /mo · $2,963/yr
• Insurance: −$82
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$390
• Net cashflow: $40

Break-even live

Break-even rent $1,808

Max offer price $196,900

Occupancy floor 93%

Sensitivity live

Price	-10% $152	-5% $96	+0% $40	+5% $-15	+10% $-71
Rent	-10% $-106	-5% $-33	+0% $40	+5% $114	+10% $187
Rate	-1.0pp $140	-0.5pp $91	base $40	+0.5pp $-11	+1.0pp $-62

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: $49,225
• Closing costs: $5,907
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2720 S Broadway Ave Tyler, TX	1.0–3.0	1.0–2.0	1064	$1,330	$1.25	14d	14	0.17mi
117 Ridgecrest Dr Tyler, TX	3.0	2.0	1571	$2,150	$1.37	44d	1	0.38mi
3106 S Donnybrook Ave Tyler, TX	3.0	1.0	1251	$1,525	$1.22	14d	1	0.41mi
3210 S Donnybrook Ave Tyler, TX	3.0	2.0	1584	$1,945	$1.23	22d	1	0.53mi
3206 Bain Pl Tyler, TX	3.0	2.5	1840	$1,895	$1.03	44d	1	0.54mi
3200 Decharles St Tyler, TX	3.0	2.0	2584	$2,750	$1.06	44d	1	0.73mi
2002 S Robertson Ave Tyler, TX	3.0	2.5	1992	$1,800	$0.90	44d	1	0.77mi
1225 San Antonio St Tyler, TX	3.0	2.0	1754	$1,695	$0.97	14d	1	0.83mi
1403 S Donnybrook Ave Tyler, TX	3.0	3.0	1834	$2,150	$1.17	44d	1	0.89mi
3301 Brookside Dr Tyler, TX	4.0	2.0	2328	$2,250	$0.97	14d	1	0.91mi
711 W 6th St Tyler, TX	3.0	2.0	1854	$1,850	$1.00	14d	1	0.91mi
3712 Colony Park Dr Tyler, TX	3.0	2.0	1802	$1,850	$1.03	14d	1	0.94mi
1107 Dogwood St Tyler, TX	3.0	1.5	1620	$1,475	$0.91	22d	1	0.95mi
509 Winchester Dr Tyler, TX	4.0	2.0	1960	$2,400	$1.22	14d	1	0.96mi
401 Woodland Hills Dr Tyler, TX	3.0	2.5	2612	$3,200	$1.23	44d	1	0.98mi
902 W 5th St Tyler, TX	2.0	1.0	1369	$1,200	$0.88	14d	1	1.01mi
328 Brookwood Dr Tyler, TX	4.0	2.0	1985	$2,300	$1.16	44d	1	1.04mi
1224 S Azalea Dr Tyler, TX	3.0	1.0	1276	$1,300	$1.02	14d	1	1.05mi
305 E Lake St Tyler, TX	2.0	1.5	1287	$1,695	$1.32	14d	1	1.05mi
1712 Redbud Ave Tyler, TX	3.0	1.5	1561	$1,475	$0.94	14d	1	1.08mi
1712 Redbud Ave Tyler, TX	3.0	1.5	1305	$1,475	$1.13	22d	1	1.08mi
614 Woodland Hills Dr Tyler, TX	2.0	2.0	1690	$2,200	$1.30	44d	1	1.13mi
1118 S Fleishel Ave Tyler, TX	3.0	2.0	1425	$1,495	$1.05	14d	1	1.16mi
1115 S Robertson Ave Tyler, TX	2.0	1.0	1366	$1,550	$1.13	14d	1	1.19mi
2020 S Tipton Ave Tyler, TX	3.0	2.0	1914	$2,100	$1.10	14d	1	1.38mi

Listing history 18 events

1. 2026-03-30
   price $196,900 841-char remark

   Show marketing remark (841 chars)

   This home is currently being rented. Current rent is $1,580 a month. Annual leases. Lease ends Oct 31 2026. Perfect rental property to be added in your rental portfolio. Property has been rented for several years producing plenty of cash flow. If looking to purchase for primary residence current lease would have to be completed first prior to taking possession. Rent rolls and financial history is available upon request for serious buyers only. Preapproval required or proof of funds before viewing. No owner finance! Bank finance or cash offers only please! Need 48 hour advance notice to view. Please contact listing agent for appointments. Excellent condition and turn key ready. Great location! Ask me how I can get you preapproved for an investment loan or a first time homebuyer loan if planning on residing there. Se habla espanol.

2. 2026-03-14
   price $199,900 841-char remark

   Show marketing remark (841 chars)

   This home is currently being rented. Current rent is $1,580 a month. Annual leases. Lease ends Oct 31 2026. Perfect rental property to be added in your rental portfolio. Property has been rented for several years producing plenty of cash flow. If looking to purchase for primary residence current lease would have to be completed first prior to taking possession. Rent rolls and financial history is available upon request for serious buyers only. Preapproval required or proof of funds before viewing. No owner finance! Bank finance or cash offers only please! Need 48 hour advance notice to view. Please contact listing agent for appointments. Excellent condition and turn key ready. Great location! Ask me how I can get you preapproved for an investment loan or a first time homebuyer loan if planning on residing there. Se habla espanol.

3. 2026-03-09
   price $204,900 841-char remark

   Show marketing remark (841 chars)

   This home is currently being rented. Current rent is $1,580 a month. Annual leases. Lease ends Oct 31 2026. Perfect rental property to be added in your rental portfolio. Property has been rented for several years producing plenty of cash flow. If looking to purchase for primary residence current lease would have to be completed first prior to taking possession. Rent rolls and financial history is available upon request for serious buyers only. Preapproval required or proof of funds before viewing. No owner finance! Bank finance or cash offers only please! Need 48 hour advance notice to view. Please contact listing agent for appointments. Excellent condition and turn key ready. Great location! Ask me how I can get you preapproved for an investment loan or a first time homebuyer loan if planning on residing there. Se habla espanol.

4. 2026-03-05
   listed $209,900 Active 841-char remark

   Show marketing remark (841 chars)

   This home is currently being rented. Current rent is $1,580 a month. Annual leases. Lease ends Oct 31 2026. Perfect rental property to be added in your rental portfolio. Property has been rented for several years producing plenty of cash flow. If looking to purchase for primary residence current lease would have to be completed first prior to taking possession. Rent rolls and financial history is available upon request for serious buyers only. Preapproval required or proof of funds before viewing. No owner finance! Bank finance or cash offers only please! Need 48 hour advance notice to view. Please contact listing agent for appointments. Excellent condition and turn key ready. Great location! Ask me how I can get you preapproved for an investment loan or a first time homebuyer loan if planning on residing there. Se habla espanol.

5. 2023-03-01
   listed $218,000
6. 2021-04-12
   soldstatus
7. 2021-04-02
   soldstatus
8. 2021-04-01
   soldstatus Sold
9. 2021-03-08
   status Pending
10. 2021-02-26
    historical Active Option Contract
11. 2021-02-25
    listed $130,000
12. 2021-02-24
    listed $130,000 Active
13. 2019-06-10
    soldstatus
14. 2019-03-07
    soldstatus
15. 2019-03-06
    soldstatus
16. 2019-02-08
    listed $112,500
17. 2013-02-26
    soldstatus
18. 1994-06-21
    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: $2,963 · $247/mo
• Projected year-2 tax: $3,603 · $300/mo
• Expected delta: +$640/yr (+$53/mo · 21.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥109°F today · 23 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 61% 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: $22,306
• − Mortgage interest: −$11,029
• − Property taxes: −$2,963
• − Insurance: −$1,782
• − Repairs & maintenance: −$1,784
• − Management: −$1,784
• − Depreciation: −$5,728
• Taxable loss: −$2,766
• Est. tax savings @ 24.0%: +$664
• After-tax cash flow: $1,149/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: Tyler ISD
• NCES district ID: 4843470
• Math proficiency: 39% ▼ -4.00%
• Reading proficiency: 38% ▼ -1.00%
• Median HH income: $44,090
• Composite: 32.69/100
• National rank: #5650
• State rank: #449 of 826 in TX

Livability — Tyler

• Score: 75/100
• State rank: #147
• US rank: #4181

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tyler, TX
• County: Smith County · 180,570 people
• City population: 127,842
• Metro: Tyler, TX
• Population (ZIP): 36,344
• Household income: $66,401
• Rent vs Own: 40.0% rent · 60.0% own
• Severe rent burden: 1116.0

Population outlook (Smith County) Hauer SSP2

• Today (2025): 248,890 people
• By 2030: 261,665 · +5.1%
• By 2040: 286,114 · +15.0%
• By 2050: 308,006 · +23.8%
• By 2075: 354,171 · +42.3%
• By 2100: 372,828 · +49.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 53% Black 21% Hispanic / Latino 19% Two or more races 8% Asian 2%
• Hispanic origin (detail): Mexican 17%
• Common ancestry: Slovak 2% Italian 1% Lithuanian 1%
• Foreign-born: 8% · Canada
• Languages at home: 84% English-only · Spanish 14% Other Indo-European 1%

Political lean MEDSL · Smith

• 2024 margin: Solid R (+45.1) · D 27.0% · R 72.1%
• 2008→2024 swing: -5.6pp toward R · 2008: -39.5pp · 2024: -45.1pp
• All cycles: 2024: R+45.1 2020: R+39.4 2016: R+43.9 2012: R+46.9 2008: R+39.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -299.78%
• Current HPI: 207.238
• Rent YoY: ▲ 3.66%
• Metro: Tyler, 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

+75.0% since first listed

18 events — show timeline

• 2026-03-30 Price Changed $196,900 GTAR
• 2026-03-14 Price Changed $199,900 GTAR
• 2026-03-09 Price Changed $204,900 GTAR
• 2026-03-05 Listed $209,900 GTAR
• 2023-03-01 Listed $218,000 GTAR
• 2021-04-12 Sold (Public Records) — Public Records
• 2021-04-02 Sold (MLS) — GTAR
• 2021-04-01 Sold (MLS) — NTREIS
• 2021-03-08 Pending — NTREIS
• 2021-02-26 Contingent — NTREIS
• 2021-02-25 Listed $130,000 GTAR
• 2021-02-24 Listed $130,000 NTREIS
• 2019-06-10 Sold (Public Records) — Public Records
• 2019-03-07 Sold (Public Records) — Public Records
• 2019-03-06 Sold (MLS) — GTAR
• 2019-02-08 Listed $112,500 GTAR
• 2013-02-26 Sold (Public Records) — Public Records
• 1994-06-21 Sold (Public Records) — Public Records

Property tax history

+3.4%/yr

Latest (2024): $2,963 · +17.1% YoY. Source: county tax records.