403 Ennis St · Plainview, TX 79072

$80,000

2 bd · 1.0 ba · 912 sqft · SingleFamily public records · 205 Days on market

8,276 sqft lot ↓ 6% since listing

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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 +28.9/30.0
• DSCR +10.0/10.0
• 1% rule +8.7/10.0
• ARV discount +7.5/15.0
• Livability +3.5/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully updated 2-bedroom, 1-bath home with 900 sq. ft. of living space located just caddy corner from Plainview Country Club. This move-in ready home features a durable metal roof, brand-new fencing, new plumbing extending to the alley, and new tile flooring throughout. The spacious layout includes two nicely sized bedrooms - one large master - plus central heat and air, a separate laundry room, and stunning landscaping with newly planted fruit trees! Priced to sale, this home combines comfort, updates, and an excellent location!

Key facts

• New tile flooring
• New fencing
• Metal roof

Tags

• UPDATED HOME
• METAL ROOF
• NEW FENCING
• NEW PLUMBING
• NEW TILE FLOORING
• SEPARATE LAUNDRY ROOM

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $272 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#393 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime C-, health & safety C-, employment D.
• Plainview ISD (town): math 41% / reading 37% proficiency, ranked #445 of 826 in TX (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: La Mesa El (math 52% / reading 49%); Coronado Middle (math 37% / reading 35%); Plainview H S (math 64% / reading 50%, grade C, #333 of 1,632 statewide, top 22%, 1,442 students, 78% FRL).
• Market conditions: 151 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 13 units permitted in Hale County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $553 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Hale County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 205 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $70,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 205 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.37% ✓
• Cap rate: 10.37%
• Cash-on-cash: 14.56%
• DSCR: 1.65
• GRM: 6.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 5.0%
• Equity multiple: 1.20×
• Total profit: $4,387
• Equity at exit: $11,928

10-year hold

• IRR: 14.5%
• Equity multiple: 2.17×
• Total profit: $26,278
• Equity at exit: $6,917

Cash invested: $22,400 (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 79072

• Active inventory: 151
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,096 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$141 /mo · $1,693/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$230
• Net cashflow: $272

Break-even live

Break-even rent $752

Max offer price $80,000

Occupancy floor 70%

Sensitivity live

Price	-10% $317	-5% $294	+0% $272	+5% $249	+10% $226
Rent	-10% $185	-5% $228	+0% $272	+5% $315	+10% $358
Rate	-1.0pp $312	-0.5pp $292	base $272	+0.5pp $251	+1.0pp $230

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
912 Canyon Unit 3 Plainview, TX	1.0	1.0	736	$950	$1.29	45d	1	0.51mi
912 Canyon Apt 5 Plainview, TX	1.0	1.0	736	$1,700	$2.31	45d	1	0.51mi
1500 Yonkers St Plainview, TX	1.0–3.0	1.0–2.0	827	$884	$1.07	45d	12	1.05mi
2302 W 16th St Plainview, TX	2.0	1.0	896	$895	$1.00	45d	1	1.20mi

Listing history 23 events

1. 2026-06-21
   days on market $80,000 Active 205 DOM
2. 2026-06-19
   days on market $80,000 Active 203 DOM
3. 2026-06-18
   days on market $80,000 Active 202 DOM
4. 2026-06-17
   days on market $80,000 Active 201 DOM
5. 2026-06-16
   days on market $80,000 Active 200 DOM
6. 2026-06-15
   days on market $80,000 Active 199 DOM
7. 2026-06-14
   days on market $80,000 Active 197 DOM
8. 2026-06-12
   days on market $80,000 Active 196 DOM
9. 2026-06-09
   days on market $80,000 Active 193 DOM
10. 2026-06-08
    days on market $80,000 Active 192 DOM
11. 2026-06-07
    days on market $80,000 Active 191 DOM
12. 2026-06-07
    days on market $80,000 Active 190 DOM
13. 2026-06-03
    days on market $80,000 Active 187 DOM
14. 2026-06-02
    days on market $80,000 Active 186 DOM
15. 2026-06-01
    days on market $80,000 Active 185 DOM
16. 2026-05-31
    days on market $80,000 Active 184 DOM
17. 2026-05-30
    days on market $80,000 Active 183 DOM
18. 2026-03-25
    status Active 540-char remark

    Show marketing remark (540 chars)

    Beautifully updated 2-bedroom, 1-bath home with 900 sq. ft. of living space located just caddy corner from Plainview Country Club. This move-in ready home features a durable metal roof, brand-new fencing, new plumbing extending to the alley, and new tile flooring throughout. The spacious layout includes two nicely sized bedrooms - one large master - plus central heat and air, a separate laundry room, and stunning landscaping with newly planted fruit trees! Priced to sale, this home combines comfort, updates, and an excellent location!

19. 2026-03-25
    price $80,000 540-char remark

    Show marketing remark (540 chars)

    Beautifully updated 2-bedroom, 1-bath home with 900 sq. ft. of living space located just caddy corner from Plainview Country Club. This move-in ready home features a durable metal roof, brand-new fencing, new plumbing extending to the alley, and new tile flooring throughout. The spacious layout includes two nicely sized bedrooms - one large master - plus central heat and air, a separate laundry room, and stunning landscaping with newly planted fruit trees! Priced to sale, this home combines comfort, updates, and an excellent location!

20. 2026-03-04
    status Pending 540-char remark

    Show marketing remark (540 chars)

    Beautifully updated 2-bedroom, 1-bath home with 900 sq. ft. of living space located just caddy corner from Plainview Country Club. This move-in ready home features a durable metal roof, brand-new fencing, new plumbing extending to the alley, and new tile flooring throughout. The spacious layout includes two nicely sized bedrooms - one large master - plus central heat and air, a separate laundry room, and stunning landscaping with newly planted fruit trees! Priced to sale, this home combines comfort, updates, and an excellent location!

21. 2025-11-07
    listed $85,000 Active 540-char remark

    Show marketing remark (540 chars)

    Beautifully updated 2-bedroom, 1-bath home with 900 sq. ft. of living space located just caddy corner from Plainview Country Club. This move-in ready home features a durable metal roof, brand-new fencing, new plumbing extending to the alley, and new tile flooring throughout. The spacious layout includes two nicely sized bedrooms - one large master - plus central heat and air, a separate laundry room, and stunning landscaping with newly planted fruit trees! Priced to sale, this home combines comfort, updates, and an excellent location!

22. 2024-03-19
    soldstatus
23. 2005-03-01
    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: $1,693 · $141/mo
• Projected year-2 tax: $1,693 · $141/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 1/10 Low
• 🌡 Heat 5/10 Major 6 d/yr ≥99°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,150
• − Mortgage interest: −$4,481
• − Property taxes: −$1,693
• − Insurance: −$400
• − Repairs & maintenance: −$1,052
• − Management: −$1,052
• − Depreciation: −$2,327
• Taxable income: $2,145
• Est. tax owed @ 24.0%: −$515
• After-tax cash flow: $2,747/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: Plainview ISD
• NCES district ID: 4835070
• Math proficiency: 41% ▼ -3.00%
• Reading proficiency: 37% ▲ 1.00%
• Median HH income: $41,146
• Composite: 32.85/100
• National rank: #5615
• State rank: #445 of 826 in TX

Livability — Plainview

• Score: 69/100
• State rank: #393
• US rank: #8233

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Plainview, TX
• County: Hale County · 25,389 people
• City population: 25,389
• Metro: Plainview, TX
• Population (ZIP): 25,389
• Household income: $47,255
• Rent vs Own: 43.6% rent · 56.4% own
• Severe rent burden: 1015.0

Population outlook (Hale County) Hauer SSP2

• Today (2025): 30,851 people
• By 2030: 29,158 · -5.5%
• By 2040: 25,681 · -16.8%
• By 2050: 22,420 · -27.3%
• By 2075: 15,857 · -48.6%
• By 2100: 10,500 · -66.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (63%)
• Race & ethnicity: Hispanic / Latino 63% White 29% Two or more races 19% Black 4% Native American 2%
• Hispanic origin (detail): Mexican 52%
• Common ancestry: Italian 1% Russian 1% Lithuanian 1%
• Foreign-born: 11% · Canada, Jamaica
• Languages at home: 63% English-only · Spanish 36%

Political lean MEDSL · Hale

• 2024 margin: Solid R (+58.0) · D 20.5% · R 78.5%
• 2008→2024 swing: -13.1pp toward R · 2008: -44.9pp · 2024: -58.0pp
• All cycles: 2024: R+58.0 2020: R+51.1 2016: R+48.4 2012: R+47.8 2008: R+44.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -120.38%
• Current HPI: 127.9276
• Rent YoY: —
• Metro: Plainview, 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

-5.9% since first listed

6 events — show timeline

• 2026-03-25 Relisted — PARMLS
• 2026-03-25 Price Changed $80,000 PARMLS
• 2026-03-04 Pending — PARMLS
• 2025-11-07 Listed $85,000 PARMLS
• 2024-03-19 Sold (Public Records) — Public Records
• 2005-03-01 Sold (Public Records) — Public Records

Property tax history

+6.1%/yr

Latest (2025): $1,693 · +1.7% YoY. Source: county tax records.