434 Norwood St · Marlin, TX 76661

$79,900

2 bd · 2.0 ba · 1,598 sqft · SingleFamily public records · 2 Days on market

Built 1920 0.33 ac lot Est $153k · 48% 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 +27.7/30.0
• ARV discount +15.0/15.0
• DSCR +9.8/10.0
• 1% rule +9.2/10.0
• Appreciation +7.1/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0

Listing remarks

Welcome to 434 Norwood Street in Marlin, Texas! This charming two-story home offers 1,598 square feet of living space on a spacious 0.33-acre lot. Featuring a functional floor plan, the home provides ample room for comfortable everyday living while maintaining the character and charm of an established neighborhood. Enjoy relaxing mornings on the open porch, plenty of outdoor space for gardening, entertaining, or pets, and the convenience of a detached garage for additional storage or parking. Located just minutes from local schools, parks, shopping, and downtown Marlin, this property presents an excellent opportunity for first-time homebuyers, investors, or anyone seeking small-town living

Key facts

• Open porch
• Local schools
• Outdoor space

Tags

• OPEN PORCH
• OUTDOOR SPACE
• DETACHED GARAGE
• ESTABLISHED NEIGHBORHOOD
• LOCAL SCHOOLS
• PARKS

Property features AI

Finance

• Other: Parcel number 29727; Lot is approximately 0.33 acres; Will not subdivide
• Financial info: Listing terms: Cash and Conventional
• HOA & community: No homeowners association; Nearby community park

Exterior

• Parking: Driveway; Garage; Covered parking for 2 vehicles; 2-car garage
• Security: Audio and video consent for visitors/recording noted
• Utilities: City water; City sewer; Not in a municipal utility district
• Home design: Single family residence; Residential property; Accessible approach with ramp; Not attached to another property; Subdivision: S3720 NW ORIGINAL BLK
• Construction: Built in 1920; Frame and wood construction; Composition roof; Pillar/post/pier foundation
• Exterior features: Covered porch(es); Covered patio/porch; Back yard with chain link fencing (fenced); Utilities easement; Interior lot

Interior

• Kitchen: Dishwasher; Gas range; Microwave
• Bedrooms: Primary bedroom on level 2 with ensuite bath; Additional bedroom on level 1
• Flooring: Carpet; Vinyl
• Bathrooms: Two bathrooms total; Built-in cabinets in one bathroom; Ensuite bath in primary bathroom and upper-level bathroom
• Heating & cooling: Ceiling fan(s); Window unit(s)
• Interior features: Paneling; One living area; One dining area; Six total rooms; Two levels
• Laundry & utility: Full-size washer/dryer area

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $242 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Cap rate 9.9% vs local median 5.7% in Marlin — 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 59/100 on livability (#1,146 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime B+, housing B+; Watch: amenities F, commute F, employment F.
• Marlin ISD (town): math 21% / reading 22% proficiency, ranked #779 of 826 in TX (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 84% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Marlin El (math 22% / reading 27%, grade F, #3,052 of 4,322 statewide, top 74%, 474 students, 99% FRL) — zoned schools average 99% FRL vs 84% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 122 active listings in the ZIP; 4 units permitted in Falls County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($552 loan paydown + $3k appreciation (4.2% local appreciation)).
• Falls County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (4.2% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 70% chance of damaging wind over 30y; extreme-heat days projected 6→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $79,900

Questions for the listing agent

1. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.42% ✓
• Cap rate: 9.93%
• Cash-on-cash: 13.00%
• DSCR: 1.58
• GRM: 5.9

CMA / ARV

• ARV (on-the-fly): $153,408
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
202 Shady St	0.28mi	2/1.0	1,532 (-4%)	2mo	$10,000	$7	74
446 Norwood St	0.05mi	3/2.0 (+1)	1,818 (+14%)	8mo	$175,000	$96	63
703 Chilton St	0.07mi	3/2.0 (+1)	1,400 (-12%)	12mo	$44,000	$31	62
413 Houghton Ave	0.72mi	3/2.0 (+1)	1,598 (0%)	4mo	$115,000	$72	58
704 Old Belton Rd	0.52mi	3/2.0 (+1)	1,557 (-3%)	11mo	$199,900	$128	57
420 Sunset Dr	0.36mi	3/2.0 (+1)	1,656 (+4%)	23mo	$227,000	$137	53
729 Chilton St	0.13mi	2/1.0	1,367 (-14%)	16mo	$50,000	$37	53
300 W Anders St	0.25mi	3/2.0 (+1)	1,392 (-13%)	21mo	$139,900	$101	45
112 Shenandoah St	0.53mi	3/2.0 (+1)	1,482 (-7%)	21mo	$69,000	$47	41
919 Ward St	0.46mi	3/2.0 (+1)	1,766 (+10%)	24mo	$175,000	$99	36

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

Projected returns pro-forma

4.17% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 22.3%
• Equity multiple: 2.35×
• Total profit: $30,200
• Equity at exit: $41,309

10-year hold

• IRR: 22.4%
• Equity multiple: 4.58×
• Total profit: $80,061
• Equity at exit: $68,209

Cash invested: $22,372 (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 76661

• Home prices YoY: 3.4%
• Active inventory: 122
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,136 medium
• Mortgage (P&I): −$419
• Tax from tax record: −$203 /mo · $2,437/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$239
• Net cashflow: $242

Break-even live

Break-even rent $830

Max offer price $79,900

Occupancy floor 74%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-06-18
   days on market $79,900 Active 2 DOM
2. 2026-06-16
   remarks 699-char remark
3. 2026-06-16
   listed $79,900 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: $2,437 · $203/mo
• Projected year-2 tax: $2,437 · $203/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 3/10 Moderate
• 🌡 Heat 7/10 Severe 6 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 70% 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: $13,636
• − Mortgage interest: −$4,476
• − Property taxes: −$2,437
• − Insurance: −$400
• − Repairs & maintenance: −$1,091
• − Management: −$1,091
• − Depreciation: −$2,324
• Taxable income: $1,818
• Est. tax owed @ 24.0%: −$436
• After-tax cash flow: $2,472/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: Marlin ISD
• NCES district ID: 4829130
• Math proficiency: 21% ▲ 2.00%
• Reading proficiency: 22% ▲ 6.00%
• Median HH income: $29,255
• Composite: 17.18/100
• National rank: #9106
• State rank: #779 of 826 in TX

Livability — Marlin

• Score: 59/100
• State rank: #1146
• US rank: #20161

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marlin, TX
• Population (ZIP): 7,266

Population outlook (Falls County) Hauer SSP2

• Today (2025): 15,782 people
• By 2030: 15,209 · -3.6%
• By 2040: 14,276 · -9.5%
• By 2050: 13,645 · -13.5%
• By 2075: 13,724 · -13.0%
• By 2100: 13,005 · -17.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.70)
• Race & ethnicity: Black 35% Hispanic / Latino 30% White 30% Two or more races 13% Asian 3%
• Hispanic origin (detail): Mexican 29%
• Common ancestry: Romanian 2% Lithuanian 1% Italian 1%
• Foreign-born: 7% · Canada
• Languages at home: 84% English-only · Spanish 15%

Political lean MEDSL · Falls

• 2024 margin: Solid R (+44.7) · D 27.3% · R 72.0%
• 2008→2024 swing: -25.0pp toward R · 2008: -19.7pp · 2024: -44.7pp
• All cycles: 2024: R+44.7 2020: R+37.1 2016: R+33.6 2012: R+24.4 2008: R+19.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.17%
• Current HPI: 126.9217
• 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

1 event — show timeline

• 2026-06-16 Listed $79,900 NTREIS

Property tax history

+7.2%/yr

Latest (2025): $2,437 · +11.7% YoY. Source: county tax records.