1507 N Grand Ave · Tyler, TX 75702

$65,000

4 bd · 1.0 ba · 1,500 sqft · SingleFamily public records · 26 Days on market

Built 1945 6,621 sqft lot $43/sqft · 62% below area

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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
• Livability +3.8/5.0
• Schools +3.3/10.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This is an investment opportunity! with 1500sq, 4 bedrooms and 2 full baths. With some vision, post-renovation this will be a great home. One o the hdden features are wood floors that with some focus will be a beatiful feature for this property.

Key facts

• 6,621 sq ft lot
• Built 1945
• Listed 25 days

Property features AI

Finance

• Other: Property is not attached (detached); Will not subdivide
• Financial info: Listing terms: Cash; Loan type treated as clear; No second mortgage
• HOA & community: No association

Exterior

• Parking: Driveway parking
• Security: Video surveillance present
• Utilities: City water; City sewer; Cable available; Asphalt (road); Curbs
• Home design: Single family residence; Residential property; One story
• Construction: Siding construction; Built in 1945
• Exterior features: Less than 0.5 acre lot; Curbs; Asphalt on roads; Cable available; City water; City sewer

Interior

• Kitchen: No appliances listed
• Bedrooms: Primary bedroom (level 1) — approx. 10 x 9; Total of 4 bedrooms
• Flooring: Wood floors; Wood under carpet
• Bathrooms: 2 full bathrooms
• Interior features: One living area; One dining area; Other interior features
• Laundry & utility: No laundry appliances listed

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $771 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $65k).
• Recommended offer: $64k (1.5% below list) — sets the bar for market timing.
• Cap rate 20.5% 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-, crime D+, commute F.
• 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.
• Zoned schools: T J Austin El (math 32% / reading 22%, grade F, #2,791 of 4,322 statewide, top 68%, 334 students, 99% FRL) — zoned schools average 99% FRL vs 66% district-wide (33 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+2.3%/yr); 155 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 595 units permitted in Smith County in 2024 (45 in 5+ unit buildings).
• This rent runs 38% of the median local income ($52k/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 $449 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 2.3% rent growth), your $18k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask is 5% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price; built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 60% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $64,025 (1.5% below list)

Questions for the listing agent

1. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 2.54% ✓
• Cap rate: 20.52%
• Cash-on-cash: 50.82%
• DSCR: 3.26
• GRM: 3.3

CMA / ARV

• ARV (median comp): $171,708
• List price: $65,000
• Delta: -62.14%
• Verdict: UNDERPRICED
• Comps: 19 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1556 Crescent Dr	0.32mi	3/2.0 (-1)	1,471 (-2%)	15mo	$199,900	$136	61
1291 N Englewood	0.32mi	3/2.0 (-1)	1,588 (+6%)	14mo	$249,900	$157	55
1603 N Glenwood	0.46mi	4/2.0	1,349 (-10%)	18mo	$169,900	$126	43
2315 N Border Ave	0.65mi	3/1.5 (-1)	1,342 (-10%)	23mo	$199,000	$148	26

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 · 2.27% rent growth · sell at horizon

5-year hold

• IRR: 47.8%
• Equity multiple: 3.06×
• Total profit: $37,426
• Equity at exit: $9,692

10-year hold

• IRR: 53.1%
• Equity multiple: 6.01×
• Total profit: $91,240
• Equity at exit: $5,620

Cash invested: $18,200 (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 75702

• Home prices YoY: -5.8%
• Rents YoY: 2.3%
• Active inventory: 155
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $1,652 high
• Mortgage (P&I): −$341
• Tax from tax record: −$166 /mo · $1,994/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$347
• Net cashflow: $771

Break-even live

Break-even rent $676

Max offer price $65,000

Occupancy floor 48%

Sensitivity live

Price	-10% $807	-5% $789	+0% $771	+5% $752	+10% $734
Rent	-10% $640	-5% $705	+0% $771	+5% $836	+10% $901
Rate	-1.0pp $803	-0.5pp $787	base $771	+0.5pp $754	+1.0pp $737

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
826 W Franklin St Tyler, TX	3.0	2.0	1273	$1,550	$1.22	14d	1	0.11mi
809 W Harmony St Tyler, TX	3.0	2.0	1309	$1,500	$1.15	45d	1	0.11mi
1618 N Tenneha Ave Tyler, TX	3.0	1.0	1587	$1,400	$0.88	14d	1	0.20mi
1523 N Englewood Ave Tyler, TX	3.0	2.0	1542	$1,650	$1.07	45d	1	0.27mi
501 W Vance St Tyler, TX	3.0	2.0	1160	$1,350	$1.16	45d	1	0.36mi
1538 N Hill Ave Tyler, TX	3.0	2.0	1813	$1,650	$0.91	22d	1	0.44mi
720 N Englewood Ave Tyler, TX	3.0	1.0	1856	$1,650	$0.89	45d	1	0.57mi
819 W 26th St Tyler, TX	3.0	2.0	1200	$995	$0.83	22d	1	0.70mi
821 W 26th St Tyler, TX	3.0	2.0	1200	$995	$0.83	22d	1	0.71mi
2006 W Oakwood St Tyler, TX	3.0	2.0	1344	$1,895	$1.41	14d	1	0.99mi
556 W Erwin St Tyler, TX	3.0	3.5	1956	$2,550	$1.30	22d	1	1.04mi
548 W Erwin St Tyler, TX	3.0	3.5	1956	$2,495	$1.28	45d	1	1.05mi
548 W Erwin St Tyler, TX	3.0	3.5	1956	$2,295	$1.17	22d	1	1.05mi
540 W Erwin St Tyler, TX	3.0	3.5	1956	$4,000	$2.04	45d	1	1.05mi
3080 N Tenneha Ave Tyler, TX	4.0	2.5	2004	$2,000	$1.00	14d	1	1.07mi
3115 N Grand Ave Tyler, TX	3.0	2.0	1309	$1,575	$1.20	45d	1	1.12mi
425 E Oakwood St Tyler, TX	3.0	2.0	1298	$1,540	$1.19	45d	1	1.13mi
1104 W Park St Tyler, TX	3.0	2.0	1440	$1,650	$1.15	22d	1	1.22mi
2202 W Nw LOOP Tyler, TX	2.0–3.0	2.0	1115	$1,371	$1.23	22d	1	1.42mi

Listing history 15 events

1. 2026-06-19
   days on market $65,000 Active 26 DOM
2. 2026-06-18
   days on market $65,000 Active 25 DOM
3. 2026-06-17
   days on market $65,000 Active 24 DOM
4. 2026-06-16
   days on market $65,000 Active 23 DOM
5. 2026-06-15
   days on market $65,000 Active 22 DOM
6. 2026-06-14
   days on market $65,000 Active 20 DOM
7. 2026-06-13
   days on market $65,000 Active 19 DOM
8. 2026-06-10
   days on market $65,000 Active 17 DOM
9. 2026-06-09
   days on market $65,000 Active 16 DOM
10. 2026-06-08
    days on market $65,000 Active 15 DOM
11. 2026-06-07
    days on market $65,000 Active 14 DOM
12. 2026-06-05
    pricestatusdays on market $65,000 Active 11 DOM
13. 2026-05-11
    status Pending 245-char remark
14. 2026-05-06
    historical Active Option Contract 245-char remark
15. 2026-04-30
    listed $62,000 Active 245-char remark

ⓘ 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: $1,994 · $166/mo
• Projected year-2 tax: $1,994 · $166/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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥109°F today · 25 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 60% 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: $19,820
• − Mortgage interest: −$3,641
• − Property taxes: −$1,994
• − Insurance: −$325
• − Repairs & maintenance: −$1,586
• − Management: −$1,586
• − Depreciation: −$1,891
• Taxable income: $8,798
• Est. tax owed @ 24.0%: −$2,111
• After-tax cash flow: $7,137/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): 27,927
• Household income: $51,564
• Rent vs Own: 47.1% rent · 52.9% own
• Severe rent burden: 803.0

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 0.61)
• Race & ethnicity: Hispanic / Latino 49% Black 37% White 12% Two or more races 11% Native American 1%
• Hispanic origin (detail): Mexican 47%
• Common ancestry: Lithuanian 1%
• Foreign-born: 20% · Canada
• Languages at home: 56% English-only · Spanish 44%

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: ▼ -12.63%
• Current HPI: 207.1573
• Rent YoY: ▲ 2.27%
• 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

+4.8% since first listed

5 events — show timeline

• 2026-06-03 Price Changed $65,000 NTREIS
• 2026-06-03 Relisted — NTREIS
• 2026-05-11 Pending — NTREIS
• 2026-05-06 Contingent — NTREIS
• 2026-04-30 Listed $62,000 NTREIS

Property tax history

+8.3%/yr

Latest (2024): $1,994 · +17.1% YoY. Source: county tax records.