512 Lenora Dr · Taylor, TX 76574

$225,000

4 bd · 2.0 ba · 1,563 sqft · MultiFamily public records · 14 Days on market

Built 1980 6,534 sqft lot Est $234k · at est.

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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 +22.7/30.0
• ARV discount +9.3/15.0
• DSCR +7.3/10.0
• 1% rule +6.6/10.0
• Livability +3.6/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Great area and good cash flow opportunities. Rent is currently below market. Convenient to shopping, restaurants, schools, Taylor is such a close community, it's growing. ERasy access to Hwy 79 and Hwy 95.FEMA - Unknown

Key facts

• 1980 build
• Copper wiring
• Pvc plumbing

Tags

• 1980 BUILD
• PVC PLUMBING
• COPPER WIRING
• SEPARATE ELECTRIC METERS
• SEPARATE WATER METERS
• WASHER AND DRYER HOOKUPS

Property features AI

Finance

• Other: Pets allowed
• Financial info: Two-unit property; Total actual rent: $2,350 (unit A: $1,175; unit B: $1,175)

Exterior

• Parking: Off-street parking
• Utilities: Electricity available and connected; Water connected (public); Public sewer connected
• Home design: Single-story building; Faces west; Resale property
• Construction: Masonry and wood siding construction; Shingle roof; Slab foundation; Built according to public records
• Exterior features: Private yard; Porch; Fenced yard

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator
• Bedrooms: Primary bedroom; Additional bedrooms (2 total in each unit)
• Flooring: Laminate flooring
• Bathrooms: Full bathroom in each unit (1 per unit)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Breakfast bar; Ceiling fan(s)
• Laundry & utility: In-unit washer and dryer

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath multifamily listed at $225k.

Deal economics

• At list price, monthly cash flow is $387 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $225k).
• Cap rate 8.4% vs local median 4.3% in Taylor — 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 71/100 on livability (#312 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, schools D-, amenities F.
• Taylor ISD (town): math 20% / reading 27% proficiency, ranked #726 of 826 in TX (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents flat; 314 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 7,543 units permitted in Williamson County in 2024 (1,425 in 5+ unit buildings).
• This rent runs 40% of the median local income ($79k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Williamson County population projected at +69% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 sale attempts since 26y 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: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $225,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.16% ✓
• Cap rate: 8.36%
• Cash-on-cash: 7.37%
• DSCR: 1.33
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $234,450
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
504 Lenora Dr	0.05mi	4/2.0	1,563 (0%)	13mo	$235,000	$150	87
303 Old Thorndale Rd	0.24mi	4/2.0	1,752 (+12%)	13mo	$200,000	$114	58

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 · 0.43% rent growth · sell at horizon

5-year hold

• IRR: -8.1%
• Equity multiple: 0.71×
• Total profit: $-18,259
• Equity at exit: $33,548

10-year hold

• IRR: -2.5%
• Equity multiple: 0.85×
• Total profit: $-9,277
• Equity at exit: $19,454

Cash invested: $63,000 (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 76574

• Home prices YoY: -32.3%
• Rents YoY: 0.4%
• Active inventory: 314
• Price-to-rent: 14.4×

Monthly cashflow live

• Estimated rent: $2,601 high
• Mortgage (P&I): −$1,180
• Tax from tax record: −$394 /mo · $4,729/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$546
• Net cashflow: $387

Break-even live

Break-even rent $2,111

Max offer price $225,000

Occupancy floor 80%

Sensitivity live

Price	-10% $514	-5% $451	+0% $387	+5% $323	+10% $260
Rent	-10% $182	-5% $284	+0% $387	+5% $490	+10% $593
Rate	-1.0pp $500	-0.5pp $444	base $387	+0.5pp $329	+1.0pp $269

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,602
Total (2 units)			$2,601

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
206 Oscar St Taylor, TX	4.0	1.5	1960	$2,100	$1.07	2d	1	0.36mi
1215 Davis St Taylor, TX	4.0	2.5	2220	$3,200	$1.44	24d	1	0.87mi
600 Kimbro St Taylor, TX	3.0	2.5	1480	$2,250	$1.52	24d	1	0.97mi
1707 Lexington St Taylor, TX	3.0	2.0	2140	$2,500	$1.17	24d	1	1.07mi
1117 W 4th St Taylor, TX	3.0	2.0	1334	$1,400	$1.05	18d	1	1.29mi

Listing history 10 events

1. 2026-06-18
   days on market $225,000 Active 14 DOM
2. 2026-06-17
   days on market $225,000 Active 13 DOM
3. 2026-06-16
   days on market $225,000 Active 12 DOM
4. 2026-06-15
   days on market $225,000 Active 11 DOM
5. 2026-06-13
   pricedays on market $225,000 Active 9 DOM
6. 2026-06-09
   days on market $235,000 Active 5 DOM
7. 2026-06-08
   days on market $235,000 Active 4 DOM
8. 2026-06-07
   days on market $235,000 Active 3 DOM
9. 2026-06-05
   remarks 699-char remark
10. 2026-06-05
    listed $235,000 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: $4,729 · $394/mo
• Projected year-2 tax: $4,729 · $394/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 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $31,212
• − Mortgage interest: −$12,603
• − Property taxes: −$4,729
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,497
• − Management: −$2,497
• − Depreciation: −$6,545
• Taxable income: $1,215
• Est. tax owed @ 24.0%: −$292
• After-tax cash flow: $4,353/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: Taylor ISD
• NCES district ID: 4842280
• Math proficiency: 20% ▼ -15.00%
• Reading proficiency: 27% ▼ -11.00%
• Median HH income: $45,330
• Composite: 20.35/100
• National rank: #8606
• State rank: #726 of 826 in TX

Livability — Taylor

• Score: 71/100
• State rank: #312
• US rank: #7013

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Taylor, TX
• County: Williamson County · 680,029 people
• City population: 20,242
• Metro: Austin-Round Rock-Georgetown, TX
• Population (ZIP): 20,242
• Household income: $78,568
• Rent vs Own: 23.4% rent · 76.6% own
• Severe rent burden: 371.0

Population outlook (Williamson County) Hauer SSP2

• Today (2025): 699,027 people
• By 2030: 795,537 · +13.8%
• By 2040: 990,683 · +41.7%
• By 2050: 1,184,292 · +69.4%
• By 2075: 1,623,825 · +132.3%
• By 2100: 1,924,153 · +175.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 50% Hispanic / Latino 42% Two or more races 22% Black 5%
• Hispanic origin (detail): Mexican 37%
• Common ancestry: Romanian 2% Italian 1% Lithuanian 1%
• Foreign-born: 8% · Canada
• Languages at home: 74% English-only · Spanish 23% Russian/Polish/Slavic 1%

Political lean MEDSL · Williamson

• 2024 margin: Toss-up / Even · D 48.0% · R 50.4% · Other 1.6%
• 2008→2024 swing: +10.6pp toward D · 2008: -13.0pp · 2024: -2.5pp
• All cycles: 2024: R+2.5 2020: D+1.4 2016: R+9.9 2012: R+21.5 2008: R+13.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -108.71%
• Current HPI: 227.58
• Rent YoY: ▲ 0.43%
• Metro: Austin-Round Rock-Georgetown, 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

+213.8% since first listed

30 events — show timeline

• 2026-06-04 Listed $235,000 Unlock MLS
• 2022-05-02 Sold (Public Records) — Public Records
• 2022-04-29 Sold (Public Records) — Public Records
• 2021-12-01 Sold (Public Records) — Public Records
• 2020-07-27 Sold (Public Records) — Public Records
• 2018-06-04 Sold (Public Records) — Public Records
• 2018-05-31 Sold (MLS) — Unlock MLS
• 2018-05-04 Pending — Unlock MLS
• 2018-04-28 Listed $130,000 Unlock MLS
• 2015-04-02 Sold (MLS) — Unlock MLS
• 2015-03-03 Pending — Unlock MLS
• 2015-02-24 Listed $113,100 Unlock MLS
• 2011-08-24 Sold (Public Records) — Public Records
• 2007-04-19 Delisted — Unlock MLS
• 2007-03-12 Listed — Unlock MLS
• 2007-03-08 Delisted — Unlock MLS
• 2006-09-08 Listed — Unlock MLS
• 2004-10-06 Sold (MLS) — Unlock MLS
• 2004-08-16 Delisted — Unlock MLS
• 2004-05-27 Listed $74,900 Unlock MLS
• 2004-01-06 Delisted — Unlock MLS
• 2003-01-25 Listed — Unlock MLS
• 2002-11-12 Delisted — Unlock MLS
• 2002-07-18 Listed — Unlock MLS
• 2001-08-31 Sold (Public Records) — Public Records
• 2000-10-14 Delisted — Unlock MLS
• 2000-04-13 Listed — Unlock MLS
• 1994-09-23 Sold (Public Records) — Public Records
• 1991-01-16 Sold (Public Records) — Public Records
• 1990-12-19 Sold (Public Records) — Public Records

Property tax history

+4.9%/yr

Latest (2026): $4,729 · +13.5% YoY. Source: county tax records.