1409 18th St · Bridgeport, TX 76426

$180,900

3 bd · 1.0 ba · 1,264 sqft · SingleFamily public records · 108 Days on market

Built 1960 8,668 sqft lot $143/sqft · 18% below area Est $220k · 18% under

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Why this score? — see what drove the C 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 +17.5/30.0
• ARV discount +15.0/15.0
• DSCR +5.5/10.0
• 1% rule +4.9/10.0
• Appreciation +4.6/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Charming 3-bedroom, 1-bath home located in the heart of Bridgeport, just minutes from downtown, local schools, shopping, and dining. This well-maintained property offers great curb appeal with its welcoming front porch, metal roof, and spacious gravel driveway with plenty of parking. Inside, you’ll find a comfortable and functional layout with abundant natural light throughout the home. Situated in a convenient location near everything Bridgeport has to offer, this property provides small-town charm with easy access to everyday amenities. Book your showing today!

Key facts

• Metal roof
• Front porch
• Natural light

Tags

• FRONT PORCH
• METAL ROOF
• GRAVEL DRIVEWAY
• NATURAL LIGHT
• CONVENIENT LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $181k.

Deal economics

• At list price, monthly cash flow is $138 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $180k (0.8% below list).
• Recommended offer: $165k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.2% vs local median 3.3% in Bridgeport — 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 68/100 on livability (#472 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: health & safety D+, schools F, amenities F.
• Bridgeport ISD (rural): math 41% / reading 41% proficiency, ranked #356 of 826 in TX (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 340 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 0d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 460 units permitted in Wise County in 2024 (243 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-0.8%/yr); year-one equity from $1k of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Wise County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 108 days — a 9% lower offer ($165k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y 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

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $164,619 (9.0% below list)

Questions for the listing agent

1. It's been on market 108 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — 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. 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: 0.99% ✗
• Cap rate: 7.21%
• Cash-on-cash: 3.27%
• DSCR: 1.15
• GRM: 8.4

CMA / ARV

• ARV (median comp): $220,363
• List price: $180,900
• Delta: -17.91%
• 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
1809 Stevens St	0.10mi	3/1.5	1,300 (+3%)	10mo	$205,000	$158	81
1512 Edison Ave	0.34mi	3/1.0	1,304 (+3%)	2mo	$180,000	$138	77
1710 Kay Ave	0.35mi	3/2.0	1,326 (+5%)	3mo	$219,900	$166	69
2007 Edgewood Dr	0.26mi	3/2.0	1,400 (+11%)	3mo	$268,000	$191	64
1001 Turkey Creek Ct	0.52mi	3/2.0	1,325 (+5%)	1mo	$249,000	$188	63
1513 Lawdwin Ave	0.47mi	4/2.0 (+1)	1,309 (+4%)	1mo	$144,900	$111	63
1102 20th St	0.30mi	3/2.0	1,120 (-11%)	5mo	$220,000	$196	59
1406 Vine St	0.61mi	3/2.0	1,207 (-4%)	2mo	$224,000	$186	58
1203 Thompson St	0.37mi	2/1.0 (-1)	1,400 (+11%)	7mo	$159,000	$114	54
1024 Newby Ave	0.54mi	3/2.0	1,341 (+6%)	12mo	$229,000	$171	51
1001 Newby Ave	0.66mi	3/2.0	1,380 (+9%)	3mo	$237,500	$172	48
1022 Wootton Ave	0.50mi	3/2.0	1,435 (+14%)	9mo	$209,500	$146	42

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

Projected returns pro-forma

-0.82% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -1.5%
• Equity multiple: 0.93×
• Total profit: $-3,305
• Equity at exit: $45,232

10-year hold

• IRR: 5.0%
• Equity multiple: 1.49×
• Total profit: $24,903
• Equity at exit: $48,843

Cash invested: $50,652 (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 76426

• Home prices YoY: -0.2%
• Active inventory: 340
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,795 medium
• Mortgage (P&I): −$949
• Tax from tax record: −$256 /mo · $3,071/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$377
• Net cashflow: $138

Break-even live

Break-even rent $1,620

Max offer price $180,900

Occupancy floor 87%

Sensitivity live

Price	-10% $241	-5% $189	+0% $138	+5% $87	+10% $36
Rent	-10% $-4	-5% $67	+0% $138	+5% $209	+10% $280
Rate	-1.0pp $229	-0.5pp $184	base $138	+0.5pp $91	+1.0pp $44

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: $45,225
• Closing costs: $5,427
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1305 Edison St Unit B Bridgeport, TX	3.0	2.0	1260	$1,695	$1.35	0d	1	0.47mi
2104 2nd Ave Bridgeport, TX	4.0	2.0	1683	$1,900	$1.13	0d	1	0.57mi
314 Cobb St Bridgeport, TX	3.0	2.0	1490	$1,800	$1.21	5d	1	1.02mi

Listing history 22 events

1. 2026-06-21
   days on market $180,900 Active 108 DOM
2. 2026-06-18
   days on market $180,900 Active 105 DOM
3. 2026-06-17
   days on market $180,900 Active 104 DOM
4. 2026-06-16
   days on market $180,900 Active 103 DOM
5. 2026-06-15
   days on market $180,900 Active 102 DOM
6. 2026-06-13
   days on market $180,900 Active 100 DOM
7. 2026-06-13
   days on market $180,900 Active 99 DOM
8. 2026-06-09
   days on market $180,900 Active 96 DOM
9. 2026-06-08
   days on market $180,900 Active 95 DOM
10. 2026-06-07
    days on market $180,900 Active 94 DOM
11. 2026-06-04
    days on market $180,900 Active 91 DOM
12. 2026-06-03
    days on market $180,900 Active 90 DOM
13. 2026-06-02
    days on market $180,900 Active 89 DOM
14. 2026-06-01
    days on market $180,900 Active 88 DOM
15. 2026-05-31
    days on market $180,900 Active 87 DOM
16. 2026-05-02
    price $184,900 576-char remark

    Show marketing remark (576 chars)

    Charming 3-bedroom, 1-bath home located in the heart of Bridgeport, just minutes from downtown, local schools, shopping, and dining. This well-maintained property offers great curb appeal with its welcoming front porch, metal roof, and spacious gravel driveway with plenty of parking. Inside, you’ll find a comfortable and functional layout with abundant natural light throughout the home. Situated in a convenient location near everything Bridgeport has to offer, this property provides small-town charm with easy access to everyday amenities. Book your showing today!

17. 2026-03-05
    listed $189,900 Active 576-char remark

    Show marketing remark (576 chars)

    Charming 3-bedroom, 1-bath home located in the heart of Bridgeport, just minutes from downtown, local schools, shopping, and dining. This well-maintained property offers great curb appeal with its welcoming front porch, metal roof, and spacious gravel driveway with plenty of parking. Inside, you’ll find a comfortable and functional layout with abundant natural light throughout the home. Situated in a convenient location near everything Bridgeport has to offer, this property provides small-town charm with easy access to everyday amenities. Book your showing today!

18. 2021-02-24
    historical
19. 2021-01-05
    price $150,000
20. 2020-12-22
    listed $160,000 Active
21. 2006-07-18
    soldstatus
22. 1986-06-25
    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: $3,071 · $256/mo
• Projected year-2 tax: $3,310 · $276/mo
• Expected delta: +$240/yr (+$20/mo · 7.8%)

ⓘ 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 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥111°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 16% 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: $21,541
• − Mortgage interest: −$10,133
• − Property taxes: −$3,071
• − Insurance: −$904
• − Repairs & maintenance: −$1,723
• − Management: −$1,723
• − Depreciation: −$5,263
• Taxable loss: −$1,277
• Est. tax savings @ 24.0%: +$306
• After-tax cash flow: $1,964/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: Bridgeport ISD
• NCES district ID: 4811340
• Math proficiency: 41% ▼ -4.00%
• Reading proficiency: 41% ▲ 3.00%
• Median HH income: $51,866
• Composite: 35.51/100
• National rank: #4913
• State rank: #356 of 826 in TX

Livability — Bridgeport

• Score: 68/100
• State rank: #472
• US rank: #9507

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bridgeport, TX
• County: Wise County · 49,037 people
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 11,632
• Household income: $92,130
• Rent vs Own: 25.0% rent · 75.0% own
• Severe rent burden: 74.0

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: Majority White (60%)
• Race & ethnicity: White 60% Hispanic / Latino 32% Two or more races 9% Black 2% Asian 1% Native American 1%
• Hispanic origin (detail): Mexican 31%
• Common ancestry: Slovak 1% Lithuanian 1% Romanian 1%
• Foreign-born: 14% · Canada, Vietnam
• Languages at home: 72% English-only · Spanish 27%

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: ▼ -0.82%
• Current HPI: 417.89
• 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

+15.6% since first listed

7 events — show timeline

• 2026-05-02 Price Changed $184,900 NTREIS
• 2026-03-05 Listed $189,900 NTREIS
• 2021-02-24 Listing Removed — NTREIS
• 2021-01-05 Price Changed $150,000 NTREIS
• 2020-12-22 Listed $160,000 NTREIS
• 2006-07-18 Sold (Public Records) — Public Records
• 1986-06-25 Sold (Public Records) — Public Records

Property tax history

+5.4%/yr

Latest (2025): $3,071 · -13.1% YoY. Source: county tax records.