318 S Church St · Hillsboro, TX 76645

$64,900

3 bd · 1.0 ba · 816 sqft · SingleFamily public records · 100 Days on market

Built 1978 0.29 ac lot $80/sqft · 51% below area ↓ 13% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

SELLER IS OFFERING $5K IN SELLERS CREDITS! Investor Special with Residential or Potential Commercial Opportunity in the heart of Hillsboro! Located at 318 S Church St, this property offers incredible upside for the right buyer. Positioned in an established area with convenient access to downtown and major thoroughfares, the location opens the door to multiple possibilities. The home will require extensive updates and renovations, making it ideal for investors, flippers, or entrepreneurs looking for their next project. With vision and improvements, this property could be transformed into a charming residence, rental, or potentially repurposed for commercial use; buyer to verify zoning and permitted uses with the city.Spacious lot provides flexibility for redevelopment, expansion, parking, or exterior enhancements depending on intended use. Opportunities with this kind of versatility don’t come around often in growing communities like Hillsboro. Property is being sold as-is.

Key facts

• 0.29 acre lot
• Built 1978
• Listed 100 days

Tags

• CONVENIENT ACCESS TO DOWNTOWN

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $3 ($34/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Recommended offer: $59k (9.0% below list) — sets the bar for market timing.
• Cap rate 14.2% vs local median 3.7% in Hillsboro — 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 64/100 on livability (#803 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: schools F, amenities F, commute F.
• Hillsboro ISD (town): math 46% / reading 39% proficiency, ranked #370 of 826 in TX (top 45%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 156 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 65 units permitted in Hill County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Hill County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 100 days — a 9% lower offer ($59k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); major wind risk, 27% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $59,059 (9.0% below list)

Questions for the listing agent

1. It's been on market 100 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 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 1.67% ✓
• Cap rate: 14.23%
• Cash-on-cash: 28.36%
• DSCR: 2.26
• GRM: 5.0

CMA / ARV

• ARV (median comp): $133,348
• List price: $64,900
• Delta: -51.33%
• Verdict: UNDERPRICED
• Comps: 18 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
408 Peabody St	0.38mi	2/1.0 (-1)	738 (-10%)	8mo	$135,000	$183	54
410 E Elm St	0.53mi	2/1.0 (-1)	916 (+12%)	20mo	$119,000	$130	33

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: -15.5%
• Equity multiple: 0.45×
• Total profit: $-10,069
• Equity at exit: $9,677

10-year hold

• IRR: -6.3%
• Equity multiple: 0.59×
• Total profit: $-7,454
• Equity at exit: $5,611

Cash invested: $18,172 (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 76645

• Home prices YoY: -33.5%
• Active inventory: 156
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,084 medium
• Mortgage (P&I): −$340
• Tax from tax record: −$60 /mo · $717/yr
• Insurance: −$27
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$228
• Net cashflow: $3

Break-even live

Break-even rent $1,081

Max offer price $64,900

Occupancy floor 95%

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: $16,225
• Closing costs: $1,947
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
119 E Walnut St Hillsboro, TX	1.0–2.0	1.0	725	$1,200	$1.66	21d	1	0.27mi
208 N Church St Hillsboro, TX	2.0	1.0–1.5	875	$865	$0.99	44d	2	0.53mi

Listing history 6 events

1. 2026-05-12
   historical Active Option Contract 998-char remark

   Show marketing remark (998 chars)

   SELLER IS OFFERING $5K IN SELLERS CREDITS! Investor Special with Residential or Potential Commercial Opportunity in the heart of Hillsboro! Located at 318 S Church St, this property offers incredible upside for the right buyer. Positioned in an established area with convenient access to downtown and major thoroughfares, the location opens the door to multiple possibilities. The home will require extensive updates and renovations, making it ideal for investors, flippers, or entrepreneurs looking for their next project. With vision and improvements, this property could be transformed into a charming residence, rental, or potentially repurposed for commercial use; buyer to verify zoning and permitted uses with the city.Spacious lot provides flexibility for redevelopment, expansion, parking, or exterior enhancements depending on intended use. Opportunities with this kind of versatility don’t come around often in growing communities like Hillsboro. Property is being sold as-is.

2. 2026-05-05
   price $64,900 998-char remark

   Show marketing remark (998 chars)

   SELLER IS OFFERING $5K IN SELLERS CREDITS! Investor Special with Residential or Potential Commercial Opportunity in the heart of Hillsboro! Located at 318 S Church St, this property offers incredible upside for the right buyer. Positioned in an established area with convenient access to downtown and major thoroughfares, the location opens the door to multiple possibilities. The home will require extensive updates and renovations, making it ideal for investors, flippers, or entrepreneurs looking for their next project. With vision and improvements, this property could be transformed into a charming residence, rental, or potentially repurposed for commercial use; buyer to verify zoning and permitted uses with the city.Spacious lot provides flexibility for redevelopment, expansion, parking, or exterior enhancements depending on intended use. Opportunities with this kind of versatility don’t come around often in growing communities like Hillsboro. Property is being sold as-is.

3. 2026-02-09
   listed $75,000 Active 998-char remark

   Show marketing remark (998 chars)

   SELLER IS OFFERING $5K IN SELLERS CREDITS! Investor Special with Residential or Potential Commercial Opportunity in the heart of Hillsboro! Located at 318 S Church St, this property offers incredible upside for the right buyer. Positioned in an established area with convenient access to downtown and major thoroughfares, the location opens the door to multiple possibilities. The home will require extensive updates and renovations, making it ideal for investors, flippers, or entrepreneurs looking for their next project. With vision and improvements, this property could be transformed into a charming residence, rental, or potentially repurposed for commercial use; buyer to verify zoning and permitted uses with the city.Spacious lot provides flexibility for redevelopment, expansion, parking, or exterior enhancements depending on intended use. Opportunities with this kind of versatility don’t come around often in growing communities like Hillsboro. Property is being sold as-is.

4. 2026-02-05
   soldstatus
5. 2025-11-21
   soldstatus
6. 2000-01-03
   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: $717 · $60/mo
• Projected year-2 tax: $1,188 · $99/mo
• Expected delta: +$470/yr (+$39/mo · 65.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,011
• − Mortgage interest: −$3,635
• − Property taxes: −$717
• − Insurance: −$5,443
• − Repairs & maintenance: −$1,041
• − Management: −$1,041
• − Depreciation: −$1,888
• Taxable loss: −$754
• Est. tax savings @ 24.0%: +$181
• After-tax cash flow: $215/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: Hillsboro ISD
• NCES district ID: 4823280
• Math proficiency: 46% ▲ 4.00%
• Reading proficiency: 39% ▲ 2.00%
• Median HH income: $34,483
• Composite: 35.12/100
• National rank: #5016
• State rank: #370 of 826 in TX

Livability — Hillsboro

• Score: 64/100
• State rank: #803
• US rank: #14657

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hillsboro, TX
• City population: 11,321
• Population (ZIP): 11,321

Population outlook (Hill County) Hauer SSP2

• Today (2025): 34,013 people
• By 2030: 33,289 · -2.1%
• By 2040: 31,688 · -6.8%
• By 2050: 30,100 · -11.5%
• By 2075: 26,818 · -21.2%
• By 2100: 22,918 · -32.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 52% Hispanic / Latino 34% Black 10% Two or more races 8% Native American 1%
• Hispanic origin (detail): Mexican 32%
• Common ancestry: Slovak 1% Lithuanian 1% Serbian 1%
• Foreign-born: 11% · Canada
• Languages at home: 73% English-only · Spanish 26%

Political lean MEDSL · Hill

• 2024 margin: Solid R (+64.4) · D 17.5% · R 81.8%
• 2008→2024 swing: -23.0pp toward R · 2008: -41.4pp · 2024: -64.4pp
• All cycles: 2024: R+64.4 2020: R+60.7 2016: R+58.4 2012: R+53.0 2008: R+41.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -124.83%
• Current HPI: 248.3182
• 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

-13.5% since first listed

6 events — show timeline

• 2026-05-12 Contingent — NTREIS
• 2026-05-05 Price Changed $64,900 NTREIS
• 2026-02-09 Listed $75,000 NTREIS
• 2026-02-05 Sold (Public Records) — Public Records
• 2025-11-21 Sold (Public Records) — Public Records
• 2000-01-03 Sold (Public Records) — Public Records

Property tax history

+5.3%/yr

Latest (2025): $717 · +13.8% YoY. Source: county tax records.