529 N Somerville St · Pampa, TX 79065

$128,500

3 bd · 1.0 ba · 2,444 sqft · SingleFamily public records · 30 Days on market

Built 1930 10,019 sqft lot

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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
• Livability +3.8/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Rare find-stately old town brick home on corner lot. Exceptional architectural detail, original hardwood floors, tall ceilings, mock fireplace with built ins on both sides, large closets in all bedrooms. New roof. Recent upgrades include new security flood light at back door, electrical & plumbing upgrades. Partial basement, detached 2 car garage, 2nd house owner used for storage also has upgraded electric. New wood fence from house to garage. Back yard fencing encompasses all three buildings.

Key facts

• Mock fireplace
• Architectural detail
• Old town brick home

Tags

• OLD TOWN BRICK HOME
• ARCHITECTURAL DETAIL
• ORIGINAL HARDWOOD FLOORS
• HIGH CEILINGS
• MOCK FIREPLACE
• LARGE CLOSETS

Property features AI

Finance

• HOA & community: No community amenities listed

Exterior

• Parking: 2-car garage (garage faces side)
• Utilities: Public water; Public sewer
• Home design: Single family residence; One level; Faces east
• Construction: Brick and brick veneer exterior; Pillar/post/pier foundation
• Exterior features: Corner lot; Chain link and wood fencing; Composition roof

Interior

• Kitchen: Range
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas heating; Ceiling fan(s) for cooling
• Interior features: Pantry; Gas log fireplace in living room
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $128k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $128k).
• Recommended offer: $127k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 75/100 on livability (#128 in TX, #3,885 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D+, employment D+, crime F.
• Pampa ISD (town): math 38% / reading 36% proficiency, ranked #482 of 826 in TX (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 182 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 7 units permitted in Gray County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $888 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Gray County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $126,572 (1.5% below list)

Questions for the listing agent

1. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. Crime grade is F 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?
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: 2.13% ✓
• Cap rate: 18.87%
• Cash-on-cash: 44.90%
• DSCR: 3.00
• GRM: 3.9

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: 42.0%
• Equity multiple: 2.80×
• Total profit: $64,922
• Equity at exit: $19,160

10-year hold

• IRR: 48.1%
• Equity multiple: 5.64×
• Total profit: $166,943
• Equity at exit: $11,110

Cash invested: $35,980 (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 79065

• Active inventory: 182
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $2,742 medium
• Mortgage (P&I): −$674
• Tax from tax record: −$93 /mo · $1,114/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$576
• Net cashflow: $1,346

Break-even live

Break-even rent $1,038

Max offer price $128,500

Occupancy floor 46%

Sensitivity live

Price	-10% $1,419	-5% $1,383	+0% $1,346	+5% $1,310	+10% $1,274
Rent	-10% $1,130	-5% $1,238	+0% $1,346	+5% $1,455	+10% $1,563
Rate	-1.0pp $1,411	-0.5pp $1,379	base $1,346	+0.5pp $1,313	+1.0pp $1,279

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: $32,125
• Closing costs: $3,855
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
828 N Nelson St Pampa, TX	4.0	2.5	1778	$2,000	$1.12	45d	1	0.46mi
1132 S Hobart St Pampa, TX	4.0	1.5	1627	$5,000	$3.07	45d	1	1.27mi

Listing history 17 events

1. 2026-06-21
   days on market $128,500 Active 30 DOM
2. 2026-06-18
   days on market $128,500 Active 28 DOM
3. 2026-06-17
   days on market $128,500 Active 27 DOM
4. 2026-06-16
   days on market $128,500 Active 26 DOM
5. 2026-06-15
   days on market $128,500 Active 25 DOM
6. 2026-06-15
   days on market $128,500 Active 24 DOM
7. 2026-06-13
   days on market $128,500 Active 23 DOM
8. 2026-06-12
   days on market $128,500 Active 22 DOM
9. 2026-06-10
   days on market $128,500 Active 19 DOM
10. 2026-06-08
    days on market $128,500 Active 18 DOM
11. 2026-06-08
    days on market $128,500 Active 17 DOM
12. 2026-06-03
    days on market $128,500 Active 13 DOM
13. 2026-06-02
    days on market $128,500 Active 12 DOM
14. 2026-06-01
    days on market $128,500 Active 11 DOM
15. 2026-05-31
    days on market $128,500 Active 10 DOM
16. 2026-05-20
    listed $128,500 Active 504-char remark

    Show marketing remark (504 chars)

    Rare find-stately old town brick home on corner lot. Exceptional architectural detail, original hardwood floors, tall ceilings, mock fireplace with built ins on both sides, large closets in all bedrooms. New roof. Recent upgrades include new security flood light at back door, electrical & plumbing upgrades. Partial basement, detached 2 car garage, 2nd house owner used for storage also has upgraded electric. New wood fence from house to garage. Back yard fencing encompasses all three buildings.

17. 2026-05-20
    listed $128,500 Active

    Show marketing remark (504 chars)

    Rare find-stately old town brick home on corner lot. Exceptional architectural detail, original hardwood floors, tall ceilings, mock fireplace with built ins on both sides, large closets in all bedrooms. New roof. Recent upgrades include new security flood light at back door, electrical & plumbing upgrades. Partial basement, detached 2 car garage, 2nd house owner used for storage also has upgraded electric. New wood fence from house to garage. Back yard fencing encompasses all three buildings.

ⓘ 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: $1,114 · $93/mo
• Projected year-2 tax: $2,352 · $196/mo
• Expected delta: +$1,237/yr (+$103/mo · 111.0%)

ⓘ 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 9/10 Extreme
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 19 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: $32,910
• − Mortgage interest: −$7,198
• − Property taxes: −$1,114
• − Insurance: −$642
• − Repairs & maintenance: −$2,633
• − Management: −$2,633
• − Depreciation: −$3,738
• Taxable income: $14,951
• Est. tax owed @ 24.0%: −$3,588
• After-tax cash flow: $12,567/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: Pampa ISD
• NCES district ID: 4834170
• Math proficiency: 38% ▼ -10.00%
• Reading proficiency: 36% ▬ 0.00%
• Median HH income: $43,741
• Composite: 31.43/100
• National rank: #5986
• State rank: #482 of 826 in TX

Livability — Pampa

• Score: 75/100
• State rank: #128
• US rank: #3885

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pampa, TX
• Population (ZIP): 19,569

Population outlook (Gray County) Hauer SSP2

• Today (2025): 24,965 people
• By 2030: 26,105 · +4.6%
• By 2040: 28,752 · +15.2%
• By 2050: 31,859 · +27.6%
• By 2075: 39,812 · +59.5%
• By 2100: 43,284 · +73.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (59%)
• Race & ethnicity: White 59% Hispanic / Latino 32% Two or more races 6% Black 5% Native American 1%
• Hispanic origin (detail): Mexican 29%
• Common ancestry: Slovak 3% Iranian 2% Lithuanian 2%
• Foreign-born: 10% · Canada, South Korea
• Languages at home: 79% English-only · Spanish 21%

Political lean MEDSL · Gray

• 2024 margin: Solid R (+77.1) · D 11.2% · R 88.3%
• 2008→2024 swing: -6.2pp toward R · 2008: -71.0pp · 2024: -77.1pp
• All cycles: 2024: R+77.1 2020: R+77.2 2016: R+78.8 2012: R+75.2 2008: R+71.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -88.67%
• Current HPI: 128.8525
• 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

+0.0% since first listed

2 events — show timeline

• 2026-05-20 Listed $128,500 AARMLS
• 2026-05-20 Listed $128,500 PBOR

Property tax history

+2.9%/yr

Latest (2025): $1,114 · +5.7% YoY. Source: county tax records.