255 Zyra Ave · San Marcos, TX 78130

$229,999

4 bd · 2.0 ba · 1,600 sqft · SingleFamily · 55 Days on market

Built 2026 Excellent condition 4,791 sqft lot Est $232k · at est. $100/mo HOA · 5% of rent ↓ 15% since listing

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Why this score? — see what drove the D 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 +11.9/30.0
• ARV discount +7.9/15.0
• Condition / age +4.8/5.0
• 1% rule +4.0/10.0
• Livability +4.0/5.0
• DSCR +3.5/10.0
• Rent growth +2.0/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks

The Pinehollow - This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner's suite enjoys a private location in a rear corner of the home with an en-suite bathroom and walk-in closet. There are three secondary bedrooms along the side of the home. Estimated Completion May 2026. The completion date, prices and features may vary and are subject to change. Please verify with Lennar directly. Photos are for illustrative purposes only.

Key facts

• Walk-in closet
• Open floorplan
• En-suite bathroom

Tags

• OPEN FLOORPLAN
• OWNER'S SUITE
• EN-SUITE BATHROOM
• WALK-IN CLOSET
• THREE SECONDARY BEDROOMS

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $230k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-58 ($-698/yr) — negative.
• To cash-flow at today's rent, offer at most $222k (3.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $206k (10.2% below list).
• Recommended offer: $206k (10.2% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 3.1% in San Marcos — 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 81/100 on livability (#30 in TX, #1,601 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, health & safety A+; Watch: crime D+, schools F, employment F.
• San Marcos CISD (rural): math 18% / reading 31% proficiency, ranked #731 of 826 in TX (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-2.0%/yr); 1896 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 5,270 units permitted in Hays County in 2024 (1,464 in 5+ unit buildings).

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.
• Hays County population projected at +93% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($223k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $206,492 (10.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.90% ✗
• Cap rate: 5.99%
• Cash-on-cash: -1.08%
• DSCR: 0.95
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $232,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
255 Zyra Ave	0.00mi	4/2.0	1,600 (0%)	1mo	$229,999	$144	99
215 Zyra Ave	0.00mi	4/2.0	1,600 (0%)	1mo	$227,999	$142	99
271 Zyra Ave	0.00mi	4/2.0	1,600 (0%)	1mo	$230,999	$144	99
235 Zyra Ave	0.00mi	4/2.0	1,575 (-2%)	1mo	$227,999	$145	97
414 Sauvignon Pt	0.00mi	4/2.0	1,575 (-2%)	1mo	$228,999	$145	97
3103 Dispatch Dr	0.00mi	4/2.0	1,667 (+4%)	1mo	$236,999	$142	92
3144 Dispatch Dr	0.00mi	4/2.0	1,667 (+4%)	1mo	$250,999	$151	92
3140 Dispatch Dr	0.00mi	3/2.0 (-1)	1,474 (-8%)	0mo	$212,999	$145	82
3188 Dispatch Dr	0.00mi	3/2.0 (-1)	1,474 (-8%)	1mo	$211,999	$144	81
3164 Dispatch Dr	0.00mi	3/2.0 (-1)	1,474 (-8%)	1mo	$216,999	$147	81
239 Zyra Ave	0.00mi	3/2.0 (-1)	1,402 (-12%)	0mo	$218,999	$156	74
251 Zyra Ave	0.00mi	3/2.0 (-1)	1,402 (-12%)	1mo	$217,999	$155	74

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -21.7%
• Equity multiple: 0.27×
• Total profit: $-46,934
• Equity at exit: $34,294

10-year hold

• IRR: -25.8%
• Equity multiple: -0.07×
• Total profit: $-68,651
• Equity at exit: $19,886

Cash invested: $64,400 (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 78130

• Rents YoY: -2.0%
• Active inventory: 1896
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $2,065 high
• Mortgage (P&I): −$1,206
• Tax est. 1.5%: −$287 /mo · $3,450/yr
• Insurance: −$96
• HOA: −$100
• Vacancy / Maint / Mgmt: −$434
• Net cashflow: $-58

Break-even live

Break-even rent $2,139

Max offer price $221,581

Occupancy floor 98%

Sensitivity live

Price	-10% $101	-5% $21	+0% $-58	+5% $-138	+10% $-217
Rent	-10% $-221	-5% $-140	+0% $-58	+5% $23	+10% $105
Rate	-1.0pp $58	-0.5pp $0	base $-58	+0.5pp $-118	+1.0pp $-178

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3135 Dispatch DR New Braunfels, TX	3.0	2.0	1474	$1,690	$1.15	24d	1	0.04mi
3175 Dispatch DR New Braunfels, TX	4.0	2.0	1850	$2,250	$1.22	2d	1	0.04mi
3179 Dispatch DR New Braunfels, TX	4.0	2.0	1850	$2,250	$1.22	2d	1	0.04mi
3188 Dispatch DR New Braunfels, TX	3.0	2.0	1474	$1,700	$1.15	2d	1	0.04mi
259 Ottawa WAY New Braunfels, TX	4.0	2.5	2173	$2,150	$0.99	2d	1	0.04mi
2452 Creek Rd Canyon Lake, TX	4.0	2.5	1952	$1,600	$0.82	8d	1	0.04mi

HOA detail

• Monthly dues: $100 · $1,200/yr

Listing history 6 events

1. 2026-04-27
   status Pending
2. 2026-04-25
   price $229,999
3. 2026-04-18
   price $249,999
4. 2026-03-20
   price $274,999
5. 2026-03-18
   price $273,999
6. 2026-03-03
   listed $271,999 New

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 23 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: $24,779
• − Mortgage interest: −$12,884
• − Property taxes: −$3,450
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,982
• − Management: −$1,982
• − HOA: −$1,200
• − Depreciation: −$6,691
• Taxable loss: −$4,560
• Est. tax savings @ 24.0%: +$1,094
• After-tax cash flow: $396/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.

Condition & rehab AI · 13 photos

Excellent 95/100 None rehab

This single-family home is move-in ready with excellent condition and a fresh, modern interior. It offers a spacious floor plan and is ideal for both resale and rental markets.

Value-add opportunities

• Both Painting exterior siding — Enhances curb appeal and value
• Both Landscaping and curb appeal — Improves first impression and value
• Both New flooring in bathrooms — Enhances aesthetics and functionality

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior siding — Enhances curb appeal and value ↑
• Both Landscaping and curb appeal — Improves first impression and value ↑
• Both New flooring in bathrooms — Enhances aesthetics and functionality ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: San Marcos CISD
• NCES district ID: 4838970
• Math proficiency: 18% ▼ -16.00%
• Reading proficiency: 31% ▼ -8.00%
• Median HH income: $34,538
• Composite: 20.11/100
• National rank: #8644
• State rank: #731 of 826 in TX

Livability — San Marcos

• Score: 81/100
• State rank: #30
• US rank: #1601

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Comal County · 206,262 people
• City population: 88,583
• Metro: San Antonio-New Braunfels, TX
• Population (ZIP): 104,009
• Household income: $83,064
• Rent vs Own: 34.1% rent · 65.9% own
• Severe rent burden: 2912.0

Population outlook (Hays County) Hauer SSP2

• Today (2025): 286,948 people
• By 2030: 336,923 · +17.4%
• By 2040: 441,894 · +54.0%
• By 2050: 553,462 · +92.9%
• By 2075: 838,261 · +192.1%
• By 2100: 1,063,658 · +270.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (58%)
• Race & ethnicity: White 58% Hispanic / Latino 37% Two or more races 19% Black 2%
• Hispanic origin (detail): Mexican 32%
• Common ancestry: Romanian 2% Lithuanian 2% Slovak 2%
• Foreign-born: 7% · Canada
• Languages at home: 78% English-only · Spanish 20% German/W. Germanic 1%

Political lean MEDSL · Hays

• 2024 margin: Lean D (+5.7) · D 52.1% · R 46.5% · Other 1.4%
• 2008→2024 swing: +7.7pp toward D · 2008: -2.0pp · 2024: 5.7pp
• All cycles: 2024: D+5.7 2020: D+10.8 2016: R+0.9 2012: R+10.4 2008: R+2.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -190.61%
• Current HPI: 173.7128
• Rent YoY: ▼ -1.97%
• Metro: San Antonio-New Braunfels, 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

-15.4% since first listed

6 events — show timeline

• 2026-04-27 Pending — LERA
• 2026-04-25 Price Changed $229,999 LERA
• 2026-04-18 Price Changed $249,999 LERA
• 2026-03-20 Price Changed $274,999 LERA
• 2026-03-18 Price Changed $273,999 LERA
• 2026-03-03 Listed $271,999 LERA