619 W Bell Ave · Rockdale, TX 76567

$149,000

4 bd · 4.0 ba · 1,985 sqft · SingleFamily public records · 37 Days on market

Built 1925 0.30 ac lot $75/sqft · 30% below area Est $212k · 30% under

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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 +23.5/30.0
• ARV discount +15.0/15.0
• 1% rule +8.2/10.0
• DSCR +7.5/10.0
• Schools +3.5/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This is a very unique property! A project house with great bones, It was built as a boarding house. It has generously sized common area rooms- Living room with ornamental fireplace and chandelier, formal dining with french doors, kitchen, and breakfast room with 4 large windows. Four roomy bedrooms, each with a private bathroom and closet, make this home suitable for a variety of situations! High ceilings, hardwood flooring, LOTS of large windows, central air heat system, washer dryer connections. The kitchen needs appliances. This home is located smack in the middle of Rockdale, surrounded by churches, restaurants, schools and parks. In fact, it is directly across the street from the back

Key facts

• Large windows
• French doors
• Ornamental fireplace

Tags

• ORNAMENTAL FIREPLACE
• FRENCH DOORS
• LARGE WINDOWS
• PRIVATE BATHROOM
• CENTRAL AIR HEAT SYSTEM
• FENCED LOT

Property features AI

Finance

• HOA & community: Street lights; Curbs

Exterior

• Parking: Detached carport; Detached garage; Garage faces front; Single overhead garage door; 2 total parking spaces (1 covered)
• Utilities: Electricity connected; Natural gas connected; Public water; Public sewer; Above-ground utilities
• Home design: Single-story; Faces north; Pillar/post/pier foundation
• Construction: Wood siding; Composition roof; Built per public records
• Exterior features: Private yard; Exterior steps; Covered front porch; Garage(s) and outbuilding; Chain link fence in back yard; Large mature trees; City lot, level

Interior

• Kitchen: Pantry
• Bedrooms: 4 main-level bedrooms
• Flooring: Vinyl flooring; Wood flooring
• Bathrooms: 4 full bathrooms
• Heating & cooling: Central heating (natural gas); Central air; Ceiling fans for cooling
• Interior features: Ceiling fans; Chandelier; French/atrium doors; High ceilings; No interior steps; Pantry; Decorative fireplace (1)
• Laundry & utility: Laundry closet; Washer hookup; Gas water heater

What this means for you Summary

Snapshot

• This is a 4-bed/4.0-bath single-family listed at $149k.

Deal economics

• At list price, monthly cash flow is $277 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Recommended offer: $145k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 3.6% in Rockdale — 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 60/100 on livability (#1,040 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D, crime F, amenities F.
• Rockdale ISD (town): math 40% / reading 43% proficiency, ranked #395 of 826 in TX (top 48%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 161 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 77 units permitted in Milam County in 2024 (0 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 $4k of value loss. Plan a longer hold.
• Milam County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: property tax is 3.5% of price; built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $144,530 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.32% ✓
• Cap rate: 8.52%
• Cash-on-cash: 7.97%
• DSCR: 1.35
• GRM: 6.3

CMA / ARV

• ARV (median comp): $211,789
• List price: $149,000
• Delta: -29.65%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
606 Francine Dr	0.31mi	4/2.0	1,825 (-8%)	10mo	$285,000	$156	56
414 Perry St	0.56mi	4/3.0	2,034 (+2%)	21mo	$301,855	$148	48
159 Oak Park One	0.49mi	4/2.5	1,756 (-12%)	14mo	$287,500	$164	40
430 Pickel Dr	0.41mi	3/2.5 (-1)	1,748 (-12%)	17mo	$250,500	$143	36
413 Pickel Dr	0.56mi	3/2.5 (-1)	1,691 (-15%)	16mo	$256,075	$151	25

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -4.0%
• Equity multiple: 0.85×
• Total profit: $-6,323
• Equity at exit: $22,216

10-year hold

• IRR: 5.8%
• Equity multiple: 1.43×
• Total profit: $17,948
• Equity at exit: $12,883

Cash invested: $41,720 (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 76567

• Home prices YoY: -12.9%
• Active inventory: 161
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,969 medium
• Mortgage (P&I): −$781
• Tax from tax record: −$435 /mo · $5,217/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$413
• Net cashflow: $277

Break-even live

Break-even rent $1,618

Max offer price $149,000

Occupancy floor 81%

Sensitivity live

Price	-10% $361	-5% $319	+0% $277	+5% $235	+10% $193
Rent	-10% $121	-5% $199	+0% $277	+5% $355	+10% $432
Rate	-1.0pp $352	-0.5pp $315	base $277	+0.5pp $238	+1.0pp $199

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
823 Hickory St Rockdale, TX	3.0	2.0	1244	$1,650	$1.33	45d	1	0.79mi
1602 Yokley Rd Rockdale, TX	3.0	2.5	2549	$2,295	$0.90	45d	1	1.01mi

Listing history 23 events

1. 2026-06-21
   days on market $149,000 Active 37 DOM
2. 2026-06-21
   days on market $149,000 Active 36 DOM
3. 2026-06-18
   days on market $149,000 Active 34 DOM
4. 2026-06-17
   days on market $149,000 Active 33 DOM
5. 2026-06-16
   days on market $149,000 Active 32 DOM
6. 2026-06-15
   days on market $149,000 Active 31 DOM
7. 2026-06-15
   days on market $149,000 Active 30 DOM
8. 2026-06-13
   days on market $149,000 Active 29 DOM
9. 2026-06-12
   days on market $149,000 Active 28 DOM
10. 2026-06-09
    days on market $149,000 Active 25 DOM
11. 2026-06-08
    days on market $149,000 Active 24 DOM
12. 2026-06-08
    days on market $149,000 Active 23 DOM
13. 2026-06-07
    days on market $149,000 Active 22 DOM
14. 2026-06-03
    days on market $149,000 Active 19 DOM
15. 2026-06-02
    days on market $149,000 Active 18 DOM
16. 2026-06-01
    days on market $149,000 Active 17 DOM
17. 2026-05-31
    days on market $149,000 Active 16 DOM
18. 2026-05-15
    listed $149,000 Active 1254-char remark
19. 2023-12-13
    soldstatus
20. 2007-08-13
    soldstatus
21. 2007-08-08
    soldstatus
22. 2006-12-21
    listed $89,900
23. 2001-03-08
    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: $5,217 · $435/mo
• Projected year-2 tax: $5,217 · $435/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 · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 24 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,623
• − Mortgage interest: −$8,346
• − Property taxes: −$5,217
• − Insurance: −$745
• − Repairs & maintenance: −$1,890
• − Management: −$1,890
• − Depreciation: −$4,335
• Taxable income: $1,200
• Est. tax owed @ 24.0%: −$288
• After-tax cash flow: $3,035/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: Rockdale ISD
• NCES district ID: 4837590
• Math proficiency: 40% ▼ -1.00%
• Reading proficiency: 43% ▬ 0.00%
• Median HH income: $38,586
• Composite: 34.64/100
• National rank: #5147
• State rank: #395 of 826 in TX

Livability — Rockdale

• Score: 60/100
• State rank: #1040
• US rank: #18508

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rockdale, TX
• Population (ZIP): 8,457

Population outlook (Milam County) Hauer SSP2

• Today (2025): 24,051 people
• By 2030: 23,613 · -1.8%
• By 2040: 22,693 · -5.6%
• By 2050: 21,879 · -9.0%
• By 2075: 20,974 · -12.8%
• By 2100: 19,414 · -19.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (63%)
• Race & ethnicity: White 63% Hispanic / Latino 30% Two or more races 11% Black 5%
• Hispanic origin (detail): Mexican 25% Puerto Rican 2%
• Common ancestry: Slovak 2% Lithuanian 2% Serbian 1%
• Foreign-born: 11% · Canada, Jamaica
• Languages at home: 78% English-only · Spanish 21% Korean 1%

Political lean MEDSL · Milam

• 2024 margin: Solid R (+57.3) · D 21.0% · R 78.3%
• 2008→2024 swing: -31.3pp toward R · 2008: -26.0pp · 2024: -57.3pp
• All cycles: 2024: R+57.3 2020: R+51.9 2016: R+49.9 2012: R+34.6 2008: R+26.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -32.12%
• Current HPI: 217.5536
• 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

+65.7% since first listed

6 events — show timeline

• 2026-05-15 Listed $149,000 Unlock MLS
• 2023-12-13 Sold (Public Records) — Public Records
• 2007-08-13 Sold (Public Records) — Public Records
• 2007-08-08 Sold (MLS) — Unlock MLS
• 2006-12-21 Listed $89,900 Unlock MLS
• 2001-03-08 Sold (Public Records) — Public Records

Property tax history

+11.5%/yr

Latest (2025): $5,217 · -13.8% YoY. Source: county tax records.