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911 Corral St
D+ Composite 49.87
Why this score? — see what drove the D+ 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 +12.1/30.0
  • 1% rule +5.2/10.0
  • Schools +4.0/10.0
  • Condition / age +4.0/5.0
  • Livability +3.8/5.0
  • DSCR +3.6/10.0
  • Rent growth +2.2/5.0
  • Appreciation +0.0/10.0

$200,000

911 Corral St · Royse City, TX 75189
3 bd · 2.0 ba · 1,257 sqft · SingleFamily public records · 60 Days on market
Built 2024 Good condition 4,182 sqft lot 2-car garage $159/sqft · 19% below area Est $247k · 19% under $40/mo HOA · 2% of rent ↓ 3% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

* * * Back on the Market * * * At no fault of the seller or the house. Buyer never even scheduled an inspection. .. If you've been looking for a home that just makes everyday life easier, this one deserves a look. From the moment you walk in, you'll notice the open layout that today's buyers are searching for. The kitchen, dining, and living spaces flow together naturally, making it easy to cook dinner, help with homework, entertain friends, or simply stay connected with family throughout the day. The kitchen is truly the heart of the home, featuring a large island that's perfect for gathering, meal prep, or your morning coffee.

Key facts

  • 4,182 sq ft lot
  • 2 garage spots
  • Built 2024

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $200k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-44 ($-528/yr) — negative.
  • To cash-flow at today's rent, offer at most $192k (3.9% below list).
  • Meets the 1% rule at list price ($2k rent vs $200k).
  • Recommended offer: $192k (3.9% below list) — sets the bar for cash-flow.
  • Cap rate 6.0% vs local median 4.2% in Royse City — 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 (#158 in TX, #4,292 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute 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.
  • Zoned schools: John & Barbara Roderick El (678 students, 52% FRL); Ouida Baley Middle (math 32% / reading 35%, grade F, #911 of 1,662 statewide, top 56%, 934 students, 43% FRL); Royse City H S (math 38% / reading 55%, grade D-, #621 of 1,632 statewide, top 38%, 2,526 students, 37% FRL).
  • Market conditions: Rents soft (-1.1%/yr); 1884 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals lingering (median 72d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 76% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 1,289 units permitted in Hunt County in 2024 (527 in 5+ unit buildings).

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.
  • Hunt County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

  • It's been on market 60 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Watch-outs: property tax is 2.9% of price.
Recommended offer $192,232 (3.9% 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 60 days. Have you received any prior offers? Is the seller open to a 4% concession, seller financing, or rate buy-down credit?
  3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
  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
1.02%
Cap rate
6.03%
Cash-on-cash
-0.94%
DSCR
0.96
GRM
8.2

CMA / ARV

ARV (median comp)
$247,321
List price
$200,000
Delta
-19.13%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
900 Shear Dr 0.12mi 3/2.0 1,259 (+0%) 1mo $218,500 $174 93
803 Trough 0.14mi 3/2.0 1,259 (+0%) 9mo $213,000 $169 86
2104 Bailer Way 0.17mi 3/2.0 1,327 (+6%) 2mo $238,000 $179 82
1906 Bailer Way 0.17mi 3/2.0 1,259 (+0%) 14mo $238,999 $190 80
918 Sunrise Ln 0.13mi 3/2.0 1,259 (+0%) 18mo $260,990 $207 78
803 Hay Loft Ln 0.14mi 3/2.0 1,327 (+6%) 8mo $240,000 $181 78
914 Sunrise Ln 0.13mi 3/2.0 1,409 (+12%) 1mo $240,000 $170 73
1419 Ella Rose 0.52mi 3/2.0 1,235 (-2%) 3mo $239,000 $194 70
814 Shear Dr 0.14mi 3/2.0 1,333 (+6%) 20mo $268,990 $202 67
810 Shear Dr 0.15mi 3/2.0 1,406 (+12%) 18mo $279,490 $199 58
413 Wagon Wheel Dr 0.69mi 3/2.0 1,297 (+3%) 18mo $239,999 $185 48
515 Windrow Dr 0.72mi 3/2.0 1,297 (+3%) 20mo $240,000 $185 45

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 · 0.0% rent growth · sell at horizon

5-year hold
IRR
-21.9%
Equity multiple
0.27×
Total profit
$-41,000
Equity at exit
$29,821
10-year hold
IRR
-28.3%
Equity multiple
-0.10×
Total profit
$-61,645
Equity at exit
$17,292

Cash invested: $56,000 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
10 active · 8 under contract
Months of supply
6.7 mo (15%/mo absorbed)
Median asking
$245,000 ($173/sqft)
Median days on market
68 d
This list price
lowest-priced of the active set
ARV vs active asking
+13.8% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 75189

Home prices YoY
-25.0%
Rents YoY
-1.1%
Active inventory
1884
Price-to-rent
8.2×

Monthly cashflow live

Estimated rent
$2,044 high interval (Pro) →
Mortgage (P&I)
$1,049
Tax from tax record
$487 /mo · $5,842/yr
Insurance
$83
HOA
$40
Vacancy / Maint / Mgmt
$429
Net cashflow
$-44

Break-even live

Break-even rent $2,100
Max offer price $192,232
Occupancy floor 97%

Sensitivity live

Price -10% $69 -5% $13 +0% $-44 +5% $-101 +10% $-157
Rent -10% $-205 -5% $-125 +0% $-44 +5% $37 +10% $118
Rate -1.0pp $57 -0.5pp $7 base $-44 +0.5pp $-96 +1.0pp $-149

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
$50,000
Closing costs
$6,000
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 37 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
1903 Feeder Way Royse City, TX 3.0 2.0 1327 $1,775 $1.34 11d 1 0.11mi
819 Sunrise Ln Royse City, TX 3.0 2.0 1333 $1,860 $1.40 24d 1 0.11mi
808 Hay Loft Ln Royse City, TX 3.0 2.0 1327 $1,775 $1.34 51d 1 0.12mi
2008 Bailer Way Royse City, TX 3.0 2.0 1509 $1,975 $1.31 114d 1 0.14mi
916 Sunrise Ln Royse City, TX 3.0 2.0 1586 $1,900 $1.20 114d 1 0.14mi
1910 Bailer Way Royse City, TX 3.0 2.0 1592 $1,995 $1.25 120d 1 0.15mi
604 Heirloom Ln Josephine, TX 3.0 2.0 1625 $1,316 $0.81 45d 1 0.35mi
603 Chuck Wagon Dr Josephine, TX 3.0 2.0 1310 $1,845 $1.41 6d 1 0.50mi
1404 Old Trail Rd Royse City, TX 3.0 2.0 1625 $1,995 $1.23 48d 1 0.51mi
606 Wrangler Dr Josephine, TX 3.0 2.0 1310 $1,800 $1.37 29d 1 0.52mi
1503 Cotton Gin Ct Royse City, TX 3.0 2.0 1566 $2,200 $1.40 139d 1 0.61mi
503 Cistern Way Royse City, TX 3.0 2.0 1294 $1,795 $1.39 62d 1 0.69mi
503 Cistern Way Royse City, TX 3.0 2.0 1294 $1,795 $1.39 97d 1 0.69mi
508 Windrow Dr Royse City, TX 3.0 2.0 1533 $1,875 $1.22 120d 1 0.70mi
508 Windrow Dr Royse City, TX 3.0 2.0 1533 $1,900 $1.24 139d 1 0.70mi
1208 Fieldstone Ct Royse City, TX 4.0 2.0 1835 $2,000 $1.09 139d 1 0.72mi
406 Knapsack Ln Royse City, TX 4.0 2.0 1870 $1,856 $0.99 59d 1 0.87mi
1304 Lowhill Dr Royse City, TX 4.0 2.0 1843 $1,895 $1.03 71d 1 0.89mi
1304 Lowhill Dr Royse City, TX 4.0 2.0 1843 $1,895 $1.03 7d 1 0.89mi
1007 Cotton Gin Ct Royse City, TX 3.0 2.0 1611 $2,050 $1.27 139d 1 1.03mi
1004 Cotton Gin Ct Royse City, TX 4.0 2.0 1875 $1,850 $0.99 108d 1 1.06mi
904 Saddle Horn Way Royse City, TX 4.0 2.0 1870 $1,995 $1.07 3d 1 1.11mi
904 Saddle Horn Way Royse City, TX 4.0 2.0 1870 $1,995 $1.07 54d 1 1.11mi
904 Saddle Horn Way Royse City, TX 4.0 2.0 1870 $1,995 $1.07 59d 1 1.11mi
401 Silo Cir Royse City, TX 4.0 2.0 1568 $1,900 $1.21 85d 1 1.12mi
808 Saddle Horn Way Royse City, TX 4.0 2.0 1870 $2,199 $1.18 17d 1 1.19mi
211 Wrought Iron Dr Nevada, TX 3.0 2.0 1398 $1,900 $1.36 20d 1 1.26mi
801 Meadow Creek Ln Josephine, TX 4.0 2.0 1757 $2,500 $1.42 100d 1 1.28mi
801 Meadow Creek Ln Josephine, TX 4.0 2.0 1708 $2,300 $1.35 72d 1 1.28mi
800 Windmill St Josephine, TX 4.0 2.0 1843 $2,000 $1.09 64d 1 1.28mi
800 Windmill St Josephine, TX 4.0 2.0 1843 $2,100 $1.14 103d 1 1.28mi
800 Windmill St Josephine, TX 4.0 2.0 1843 $2,100 $1.14 95d 1 1.28mi
722 Windmill St Josephine, TX 4.0 2.0 1568 $1,750 $1.12 31d 1 1.31mi
802 Turnbuckle Ct Royse City, TX 4.0 2.0 1577 $1,849 $1.17 139d 1 1.34mi
819 Rustic Way Royse City, TX 4.0 2.0 1796 $2,000 $1.11 79d 1 1.37mi
214 Crooked Field Dr Royse City, TX 3.0 2.0 1398 $1,900 $1.36 120d 1 1.40mi
511 Pine Hollow Way Josephine, TX 3.0 2.0 1448 $2,100 $1.45 6d 1 1.40mi

Property features AI

Finance

Other
Subdivision: MagnoliaCounty: Hunt
Financial info
Treat as clear loan typeNo second mortgage indicated
HOA & community
Mandatory associationSemi-annual association fee of $240Association fees include full use of facilities

Exterior

Parking
Attached 2-car garage2 covered parking spaces (single door configuration)
Utilities
City waterCity sewerNo municipal utility district
Home design
Single family residenceOne-storyProperty faces unspecified
Construction
Brick constructionComposition roofSlab foundationBuilt in 2024 (preowned)
Exterior features
Covered porch(es)Interior lotLandscaped yardSprinkler systemSubdivision setting

Interior

Kitchen
Electric rangeMicrowaveDishwasherDisposalRefrigeratorWater line to refrigeratorBuilt-in cabinetsBreakfast bar
Bedrooms
3 bedrooms (all on the main level)Primary bedroom with ensuite bath and walk-in closet
Bathrooms
2 full bathrooms
Heating & cooling
Central heatingElectric cooling
Interior features
Open floorplanDecorative lightingEat-in kitchenKitchen islandGranite countersPantryCable TV availableHigh speed internet available
Laundry & utility
Full-size washer/dryer areaUtility room

Listing history 49 events

  1. 2026-09-23
    days on market $200,000 Active 60 DOM
  2. 2026-09-22
    days on market $200,000 Active 59 DOM
  3. 2026-09-21
    days on market $200,000 Active 58 DOM
  4. 2026-09-19
    days on market $200,000 Active 56 DOM
  5. 2026-09-18
    days on market $200,000 Active 55 DOM
  6. 2026-09-17
    days on market $200,000 Active 54 DOM
  7. 2026-09-16
    days on market $200,000 Active 53 DOM
  8. 2026-09-15
    days on market $200,000 Active 52 DOM
  9. 2026-09-14
    days on market $200,000 Active 51 DOM
  10. 2026-09-13
    days on market $200,000 Active 50 DOM
  11. 2026-09-12
    pricedays on market $200,000 Active 49 DOM
  12. 2026-07-20
    days on market $219,000 Active 48 DOM
  13. 2026-07-18
    days on market $219,000 Active 46 DOM
  14. 2026-07-18
    days on market $219,000 Active 45 DOM
  15. 2026-07-16
    days on market $219,000 Active 44 DOM
  16. 2026-07-15
    days on market $219,000 Active 43 DOM
  17. 2026-07-14
    days on market $219,000 Active 42 DOM
  18. 2026-07-13
    days on market $219,000 Active 41 DOM
  19. 2026-07-13
    days on market $219,000 Active 40 DOM
  20. 2026-07-11
    statusdays on market $219,000 Active 39 DOM
  21. 2026-07-10
    days on market $219,000 Active Option Contract 38 DOM
  22. 2026-07-09
    days on market $219,000 Active Option Contract 37 DOM
  23. 2026-07-07
    days on market $219,000 Active Option Contract 35 DOM
  24. 2026-07-06
    status $219,000 Active Option Contract 34 DOM
  25. 2026-07-06
    days on market $219,000 Active 34 DOM
  26. 2026-07-06
    days on market $219,000 Active 33 DOM
  27. 2026-07-05
    days on market $219,000 Active 32 DOM
  28. 2026-07-03
    days on market $219,000 Active 31 DOM
  29. 2026-07-02
    days on market $219,000 Active 30 DOM
  30. 2026-07-01
    days on market $219,000 Active 29 DOM
  31. 2026-06-30
    days on market $219,000 Active 28 DOM
  32. 2026-06-29
    days on market $219,000 Active 27 DOM
  33. 2026-06-28
    days on market $219,000 Active 26 DOM
  34. 2026-06-27
    days on market $219,000 Active 25 DOM
  35. 2026-06-26
    pricedays on market $219,000 Active 24 DOM
  36. 2026-06-24
    days on market $225,000 Active 22 DOM
  37. 2026-06-22
    days on market $225,000 Active 20 DOM
  38. 2026-06-21
    days on market $225,000 Active 19 DOM
  39. 2026-06-18
    days on market $225,000 Active 16 DOM
  40. 2026-06-17
    days on market $225,000 Active 15 DOM
  41. 2026-06-16
    days on market $225,000 Active 14 DOM
  42. 2026-06-15
    days on market $225,000 Active 13 DOM
  43. 2026-06-13
    days on market $225,000 Active 11 DOM
  44. 2026-06-09
    days on market $225,000 Active 7 DOM
  45. 2026-06-08
    days on market $225,000 Active 6 DOM
  46. 2026-06-07
    days on market $225,000 Active 5 DOM
  47. 2026-06-04
    days on market $225,000 Active 2 DOM
  48. 2026-06-02
    remarks 699-char remark
  49. 2026-06-02
    listed $225,000 Active 1 DOM

ⓘ 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
$5,842 · $487/mo
Projected year-2 tax
$5,842 · $487/mo
Expected delta
$0/yr ($0/mo · 0.0%)

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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$24,532
− Mortgage interest
−$11,203
− Property taxes
−$5,842
− Insurance
−$1,000
− Repairs & maintenance
−$1,963
− Management
−$1,963
− HOA
−$480
− Depreciation
−$5,818
Taxable loss
−$3,737
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$897
After-tax cash flow
$369/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab Est. rehab $6,285–$18,855 screening

This single-family home is in good condition with a good condition score of 80. It has a modern kitchen and living spaces, and is ready for a new owner or tenant. Some minor exterior painting and gutter cleaning would further enhance its curb appeal and rental value.

Value-add opportunities

  • Resale Paint exterior trim — Enhances curb appeal
  • Rental Clean gutters — Keeps property in good condition

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 40/100

Zoned Schools

Elementary John & Barbara Roderick El Middle Ouida Baley Middle F TX #911/1,662 Nat'l #7,937/14,009 High Royse City H S D- TX #621/1,632 Nat'l #6,621/17,239

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
B Composite livability gradescore 75/100

Livability — Royse City

Score
75/100
State rank
#158
US rank
#4292

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

County
Rockwall County · 97,090 people
Metro
Dallas-Fort Worth-Arlington, TX
Population (ZIP)
48,739
Household income
$117,125
Rent vs Own
11.5% rent · 88.5% own
Severe rent burden
22% of renters

Population outlook (Hunt County) Hauer SSP2

Today (2025)
97,090 people
By 2030
100,452 · +3.5%
By 2040
106,544 · +9.7%
By 2050
111,218 · +14.6%
By 2075
121,695 · +25.3%
By 2100
123,683 · +27.4%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.57)
Race & ethnicity
White 60% Hispanic / Latino 25% Two or more races 12% Black 10% Asian 2%
Hispanic origin (detail)
Mexican 20%
Common ancestry
Slovak 2% Serbian 1% Lithuanian 1%
Foreign-born
10% · Canada, Philippines, Jamaica
Languages at home
80% English-only · Spanish 15% Other Indo-European 1%

Political lean MEDSL · Hunt

2024 margin
Solid R (+55.5) · D 21.9% · R 77.4%
2008→2024 swing
-14.9pp toward R · 2008: -40.6pp · 2024: -55.5pp
All cycles
2024: R+55.5 2020: R+52.5 2016: R+56.3 2012: R+51.2 2008: R+40.6

Not yet ingested

Civics

Price history

-2.7% since first listed
2 events — show timeline
  • 2026-06-25 Price Changed $219,000 NTREIS
  • 2026-06-01 Listed $225,000 NTREIS

Property tax history

+149.6%/yr

Latest (2025): $5,842 · -4.8% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…