227 Windmill Dr · Rhome, TX 76078

$369,990

5 bd · 3.0 ba · 2,120 sqft · SingleFamily · 99 Days on market

Built 2025 7,370 sqft lot $175/sqft · at area comps Est $363k · at est. $320/mo HOA · 12% of rent ↓ 1% since listing

---

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).

• Appreciation +10.0/10.0
• ARV discount +6.6/15.0
• Cash flow +5.6/30.0
• Schools +4.6/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• DSCR +0.0/10.0

Listing remarks MLS

D.R. Horton America's Builder is now in the fabulous community of Bluestem in Rhome and Northwest ISD! Gorgeous New Single Story 5-3-2 Las Cruces Floorplan-Elevation C, with an estimated summer completion. Large Island Kitchen in the heart of the home with Quartz countertops, Stainless Steel Appliances, Gas Range, Pendant Lights and walk-in Pantry. Spacious Living and large Primary Bedroom with dual sink Vanity, oversized Shower, Linen and walk-in Closet. Quartz countertops in full baths. Partial Gutters, front exterior Coach Lights, Tankless Water Heater, Designer Pkg including Tile Entry, Kitchen and Wet Areas plus Home is Connected Smart Home Technology. Covered back Patio, 6 ft fenced backyard, Landscape Pkg, Sprinkler System and more! A Master Planned Community offering spacious open floor plans, new interior and exterior design elements with cutting edge products and features for every stage in life! A Master Planned Community with a Resort Style Pool, Cabana, Playground, Dog Park, Trails, Parks and stocked Fishing Pond at entrance!

Key facts

• Quartz countertops
• Large island kitchen
• Gas range

Tags

• LARGE ISLAND KITCHEN
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• GAS RANGE
• WALK-IN PANTRY
• DUAL SINK VANITY

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath single-family listed at $370k.

Deal economics

• At list price, monthly cash flow is $-777 ($-9k/yr) — negative.
• To cash-flow at today's rent, offer at most $258k (30.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $266k (28.2% below list).
• Recommended offer: $258k (30.4% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 74/100 on livability (#165 in TX, #4,376 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: schools D-, amenities F, commute F.
• Northwest ISD (rural): math 48% / reading 52% proficiency, ranked #120 of 826 in TX (top 14%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 262 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 460 units permitted in Wise County in 2024 (243 in 5+ unit buildings).
• This rent runs 32% of the median local income ($100k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $40k of equity ($3k loan paydown + $37k appreciation (10.0% local appreciation)).
• Wise County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$64k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($337k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $257,516 (30.4% 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 99 days. Have you received any prior offers? Is the seller open to a 30% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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?
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: 0.72% ✗
• Cap rate: 3.77%
• Cash-on-cash: -9.00%
• DSCR: 0.60
• GRM: 11.6

CMA / ARV

• ARV (median comp): $363,111
• List price: $369,990
• Delta: 1.89%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
130 Stanton Ave	0.16mi	5/3.0	2,120 (0%)	3mo	$371,790	$175	90
122 Stanton Ave	0.14mi	5/3.0	2,095 (-1%)	2mo	$359,990	$172	90
127 Castell Ct	0.17mi	5/3.0	2,120 (0%)	2mo	$378,790	$179	90
239 Windmill Dr	0.04mi	4/2.0 (-1)	2,110 (-0%)	1mo	$379,605	$180	87
141 Leon Ave	0.09mi	4/2.0 (-1)	2,110 (-0%)	0mo	$364,990	$173	86
118 Stanton Ave	0.13mi	4/2.0 (-1)	2,110 (-0%)	1mo	$364,990	$173	84
262 Lunayena Rd	0.31mi	5/2.5	2,141 (+1%)	1mo	$360,000	$168	81
119 Castell Ct	0.15mi	4/2.0 (-1)	2,014 (-5%)	3mo	$344,990	$171	73
133 Medina Ln	0.22mi	4/2.0 (-1)	2,014 (-5%)	1mo	$354,990	$176	71
110 Stanton Ave	0.11mi	4/2.0 (-1)	1,837 (-13%)	0mo	$344,990	$188	63
129 Medina Ln	0.22mi	4/2.0 (-1)	1,837 (-13%)	3mo	$334,990	$182	56
138 Sandie Dr	0.50mi	4/3.0 (-1)	2,399 (+13%)	2mo	$489,990	$204	48

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 18.0%
• Equity multiple: 2.47×
• Total profit: $152,238
• Equity at exit: $333,316

10-year hold

• IRR: 16.8%
• Equity multiple: 5.71×
• Total profit: $487,717
• Equity at exit: $718,809

Cash invested: $103,597 (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 76078

• Home prices YoY: 6.5%
• Active inventory: 262
• Price-to-rent: 11.6×

Monthly cashflow live

• Estimated rent: $2,658 medium
• Mortgage (P&I): −$1,940
• Tax est. 1.5%: −$462 /mo · $5,550/yr
• Insurance: −$154
• HOA: −$320
• Vacancy / Maint / Mgmt: −$558
• Net cashflow: $-777

Break-even live

Break-even rent $3,642

Max offer price $257,516

Occupancy floor —

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: $92,498
• Closing costs: $11,100
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
135 Lunayena Rd Rhome, TX	4.0	2.0	2039	$2,200	$1.08	22d	1	0.25mi
135 Lunayena Rd Rhome, TX	4.0	2.0	2039	$2,200	$1.08	1d	1	0.25mi

HOA detail

• Monthly dues: $320 · $3,840/yr
• Likely covers: watergaspool

Listing history 17 events

1. 2026-06-18
   days on market $369,990 Active 99 DOM
2. 2026-06-17
   days on market $369,990 Active 98 DOM
3. 2026-06-16
   days on market $369,990 Active 97 DOM
4. 2026-06-15
   price $369,990 Active 96 DOM
5. 2026-06-15
   days on market $379,740 Active 96 DOM
6. 2026-06-13
   days on market $379,740 Active 94 DOM
7. 2026-06-09
   days on market $379,740 Active 90 DOM
8. 2026-06-08
   days on market $379,740 Active 89 DOM
9. 2026-06-07
   days on market $379,740 Active 88 DOM
10. 2026-06-04
    days on market $379,740 Active 85 DOM
11. 2026-06-03
    days on market $379,740 Active 84 DOM
12. 2026-06-02
    days on market $379,740 Active 83 DOM
13. 2026-06-01
    days on market $379,740 Active 82 DOM
14. 2026-05-31
    days on market $379,740 Active 81 DOM
15. 2026-05-15
    price $379,990 1054-char remark

    Show marketing remark (1054 chars)

    D.R. Horton America's Builder is now in the fabulous community of Bluestem in Rhome and Northwest ISD! Gorgeous New Single Story 5-3-2 Las Cruces Floorplan-Elevation C, with an estimated summer completion. Large Island Kitchen in the heart of the home with Quartz countertops, Stainless Steel Appliances, Gas Range, Pendant Lights and walk-in Pantry. Spacious Living and large Primary Bedroom with dual sink Vanity, oversized Shower, Linen and walk-in Closet. Quartz countertops in full baths. Partial Gutters, front exterior Coach Lights, Tankless Water Heater, Designer Pkg including Tile Entry, Kitchen and Wet Areas plus Home is Connected Smart Home Technology. Covered back Patio, 6 ft fenced backyard, Landscape Pkg, Sprinkler System and more! A Master Planned Community offering spacious open floor plans, new interior and exterior design elements with cutting edge products and features for every stage in life! A Master Planned Community with a Resort Style Pool, Cabana, Playground, Dog Park, Trails, Parks and stocked Fishing Pond at entrance!

16. 2026-04-14
    price $380,546 1054-char remark

    Show marketing remark (1054 chars)

    D.R. Horton America's Builder is now in the fabulous community of Bluestem in Rhome and Northwest ISD! Gorgeous New Single Story 5-3-2 Las Cruces Floorplan-Elevation C, with an estimated summer completion. Large Island Kitchen in the heart of the home with Quartz countertops, Stainless Steel Appliances, Gas Range, Pendant Lights and walk-in Pantry. Spacious Living and large Primary Bedroom with dual sink Vanity, oversized Shower, Linen and walk-in Closet. Quartz countertops in full baths. Partial Gutters, front exterior Coach Lights, Tankless Water Heater, Designer Pkg including Tile Entry, Kitchen and Wet Areas plus Home is Connected Smart Home Technology. Covered back Patio, 6 ft fenced backyard, Landscape Pkg, Sprinkler System and more! A Master Planned Community offering spacious open floor plans, new interior and exterior design elements with cutting edge products and features for every stage in life! A Master Planned Community with a Resort Style Pool, Cabana, Playground, Dog Park, Trails, Parks and stocked Fishing Pond at entrance!

17. 2026-03-11
    listed $384,390 Active 1054-char remark

    Show marketing remark (1054 chars)

    D.R. Horton America's Builder is now in the fabulous community of Bluestem in Rhome and Northwest ISD! Gorgeous New Single Story 5-3-2 Las Cruces Floorplan-Elevation C, with an estimated summer completion. Large Island Kitchen in the heart of the home with Quartz countertops, Stainless Steel Appliances, Gas Range, Pendant Lights and walk-in Pantry. Spacious Living and large Primary Bedroom with dual sink Vanity, oversized Shower, Linen and walk-in Closet. Quartz countertops in full baths. Partial Gutters, front exterior Coach Lights, Tankless Water Heater, Designer Pkg including Tile Entry, Kitchen and Wet Areas plus Home is Connected Smart Home Technology. Covered back Patio, 6 ft fenced backyard, Landscape Pkg, Sprinkler System and more! A Master Planned Community offering spacious open floor plans, new interior and exterior design elements with cutting edge products and features for every stage in life! A Master Planned Community with a Resort Style Pool, Cabana, Playground, Dog Park, Trails, Parks and stocked Fishing Pond at entrance!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,893
• − Mortgage interest: −$20,725
• − Property taxes: −$5,550
• − Insurance: −$1,850
• − Repairs & maintenance: −$2,551
• − Management: −$2,551
• − HOA: −$3,840
• − Depreciation: −$10,763
• Taxable loss: −$15,938
• Est. tax savings @ 24.0%: +$3,825
• After-tax cash flow: $-5,502/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: Northwest ISD
• NCES district ID: 4833180
• Math proficiency: 48% ▼ -15.00%
• Reading proficiency: 52% ▼ -8.00%
• Median HH income: $85,315
• Composite: 46.15/100
• National rank: #2504
• State rank: #120 of 826 in TX

Livability — Rhome

• Score: 74/100
• State rank: #165
• US rank: #4376

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Wise County · 49,037 people
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 10,828
• Household income: $99,866
• Rent vs Own: 16.4% rent · 83.6% own
• Severe rent burden: 10.0

Population outlook (Wise County) Hauer SSP2

• Today (2025): 71,620 people
• By 2030: 75,858 · +5.9%
• By 2040: 83,908 · +17.2%
• By 2050: 90,717 · +26.7%
• By 2075: 107,583 · +50.2%
• By 2100: 114,996 · +60.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Hispanic / Latino 24% Two or more races 11% Native American 4% Black 2%
• Hispanic origin (detail): Mexican 20% Puerto Rican 3%
• Common ancestry: Slovak 2% Lithuanian 2% Italian 1%
• Foreign-born: 6% · Canada
• Languages at home: 85% English-only · Spanish 14% German/W. Germanic 1%

Political lean MEDSL · Wise

• 2024 margin: Solid R (+70.0) · D 14.7% · R 84.7%
• 2008→2024 swing: -14.3pp toward R · 2008: -55.7pp · 2024: -70.0pp
• All cycles: 2024: R+70.0 2020: R+68.2 2016: R+69.9 2012: R+67.5 2008: R+55.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 19.94%
• Current HPI: 325.22
• Rent YoY: —
• Metro: Dallas-Fort Worth-Arlington, 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

-1.1% since first listed

3 events — show timeline

• 2026-05-15 Price Changed $379,990 NTREIS
• 2026-04-14 Price Changed $380,546 NTREIS
• 2026-03-11 Listed $384,390 NTREIS