200 W 2nd St · Edmonson, TX 79032

$38,799

3 bd · 1.0 ba · 1,234 sqft · SingleFamily public records · 375 Days on market

Built 1962 0.30 ac lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• Schools +3.3/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

VERY UNIQUE HOME! Discover your canvas for creativity in this charming 3-bedroom, 1-bathroom home nestled in the heart of Edmonson! Embrace the opportunity to craft your dream space, as this residence awaits your personal touch. Despite needing some tender care, the exterior boasts a delightful allure. Situated in a tranquil neighborhood, yet conveniently close to Plainview's everyday conveniences, you'll find the perfect balance of peace and accessibility. Moreover, positioned between the vibrant cities of Amarillo and Lubbock, endless adventures and sightseeing await just a short drive away. Don't miss out on this exceptional chance to transform a house into your dream home! 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

• 0.3 acre lot
• Built 1962
• Listed 374 days

Tags

• TRANQUIL NEIGHBORHOOD
• CLOSE TO CONVENIENCES
• BETWEEN AMARILLO AND LUBBOCK

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $39k.

Deal economics

• At list price, monthly cash flow is $621 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $39k).
• Recommended offer: $34k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 57/100 on livability (#1,262 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A-; Watch: health & safety C-, schools F, crime F.
• Plainview ISD (town): math 41% / reading 37% proficiency, ranked #445 of 826 in TX (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 1 active listings in the ZIP; 13 units permitted in Hale County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($268 loan paydown + $1k appreciation (3.0% local appreciation)).
• Hale County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 375 days — a 12% lower offer ($34k) is reasonable based on typical stale-listing flexibility.

Recommended offer $34,143 (12.0% below list)

Questions for the listing agent

1. It's been on market 375 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 1962 — 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 F-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 F 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: 2.92% ✓
• Cap rate: 25.49%
• Cash-on-cash: 68.57%
• DSCR: 4.05
• GRM: 2.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 73.3%
• Equity multiple: 5.07×
• Total profit: $44,234
• Equity at exit: $17,446

10-year hold

• IRR: 72.8%
• Equity multiple: 10.40×
• Total profit: $102,088
• Equity at exit: $26,886

Cash invested: $10,864 (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 79032

• Active inventory: 1
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $1,132 medium
• Mortgage (P&I): −$203
• Tax from tax record: −$53 /mo · $641/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$238
• Net cashflow: $621

Break-even live

Break-even rent $346

Max offer price $38,799

Occupancy floor 40%

Sensitivity live

Price	-10% $643	-5% $632	+0% $621	+5% $610	+10% $599
Rent	-10% $531	-5% $576	+0% $621	+5% $666	+10% $710
Rate	-1.0pp $640	-0.5pp $631	base $621	+0.5pp $611	+1.0pp $601

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: $9,700
• Closing costs: $1,164
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-21
   days on market $38,799 Active 375 DOM
2. 2026-06-19
   days on market $38,799 Active 373 DOM
3. 2026-06-18
   days on market $38,799 Active 372 DOM
4. 2026-06-17
   days on market $38,799 Active 371 DOM
5. 2026-06-16
   days on market $38,799 Active 370 DOM
6. 2026-06-15
   days on market $38,799 Active 369 DOM
7. 2026-06-14
   days on market $38,799 Active 367 DOM
8. 2026-06-12
   days on market $38,799 Active 366 DOM
9. 2026-06-09
   days on market $38,799 Active 363 DOM
10. 2026-06-08
    days on market $38,799 Active 362 DOM
11. 2026-06-07
    days on market $38,799 Active 361 DOM
12. 2026-06-07
    days on market $38,799 Active 360 DOM
13. 2026-06-03
    days on market $38,799 Active 357 DOM
14. 2026-06-02
    days on market $38,799 Active 356 DOM
15. 2026-06-01
    days on market $38,799 Active 355 DOM
16. 2026-05-31
    days on market $38,799 Active 354 DOM
17. 2026-05-30
    days on market $38,799 Active 353 DOM
18. 2025-06-11
    listed $38,799 Active 910-char remark

    Show marketing remark (910 chars)

    VERY UNIQUE HOME! Discover your canvas for creativity in this charming 3-bedroom, 1-bathroom home nestled in the heart of Edmonson! Embrace the opportunity to craft your dream space, as this residence awaits your personal touch. Despite needing some tender care, the exterior boasts a delightful allure. Situated in a tranquil neighborhood, yet conveniently close to Plainview's everyday conveniences, you'll find the perfect balance of peace and accessibility. Moreover, positioned between the vibrant cities of Amarillo and Lubbock, endless adventures and sightseeing await just a short drive away. Don't miss out on this exceptional chance to transform a house into your dream home! 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.

19. 2003-12-19
    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: $641 · $53/mo
• Projected year-2 tax: $710 · $59/mo
• Expected delta: +$69/yr (+$6/mo · 10.7%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥98°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,578
• − Mortgage interest: −$2,173
• − Property taxes: −$641
• − Insurance: −$194
• − Repairs & maintenance: −$1,086
• − Management: −$1,086
• − Depreciation: −$1,129
• Taxable income: $7,268
• Est. tax owed @ 24.0%: −$1,744
• After-tax cash flow: $5,705/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: Plainview ISD
• NCES district ID: 4835070
• Math proficiency: 41% ▼ -3.00%
• Reading proficiency: 37% ▲ 1.00%
• Median HH income: $41,146
• Composite: 32.85/100
• National rank: #5615
• State rank: #445 of 826 in TX

Livability — Edmonson

• Score: 57/100
• State rank: #1262
• US rank: #21947

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Edmonson, TX
• Population (ZIP): 220

Population outlook (Hale County) Hauer SSP2

• Today (2025): 30,851 people
• By 2030: 29,158 · -5.5%
• By 2040: 25,681 · -16.8%
• By 2050: 22,420 · -27.3%
• By 2075: 15,857 · -48.6%
• By 2100: 10,500 · -66.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (64%)
• Race & ethnicity: Hispanic / Latino 64% White 36% Two or more races 34%
• Hispanic origin (detail): Mexican 64%
• Foreign-born: 5% · Canada
• Languages at home: 49% English-only · Spanish 51%

Political lean MEDSL · Hale

• 2024 margin: Solid R (+58.0) · D 20.5% · R 78.5%
• 2008→2024 swing: -13.1pp toward R · 2008: -44.9pp · 2024: -58.0pp
• All cycles: 2024: R+58.0 2020: R+51.1 2016: R+48.4 2012: R+47.8 2008: R+44.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

2 events — show timeline

• 2025-06-11 Listed $38,799 HARMLS
• 2003-12-19 Sold (Public Records) — Public Records

Property tax history

+5.9%/yr

Latest (2025): $641 · -3.1% YoY. Source: county tax records.