8300 E County Rd 114 · Midland, TX 79706

$349,500

4 bd · 2.0 ba · 2,158 sqft · SingleFamily · 26 Days on market

Built 2022 Good condition 5,968 sqft lot $38/mo HOA · 1% of rent ↓ 7% 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 +11.0/30.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• DSCR +3.2/10.0
• Rent growth +3.2/5.0
• 1% rule +3.1/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 8300 E County Rd 114- a 4-bedroom, 2-bathroom home in the highly sought-after Greenwood ISD! Walking distance to the brand new elementary school (scheduled to open in August) and neighborhood pool! Built for easy living, this property features a standout backyard retreat with a raised deck and low-maintenance artificial turf, perfect for entertaining and playing year-round. Inside, enjoy a functional layout with large bedrooms and tons of storage! Spacious and low-maintenance, perfect for your future home! Schedule your showing today!

Key facts

• Raised deck
• Backyard retreat
• Artificial turf

Tags

• BACKYARD RETREAT
• RAISED DECK
• ARTIFICIAL TURF
• NEIGHBORHOOD POOL

Property features AI

Finance

• HOA & community: Homeowners association with an annual fee of $450 (about $37.50/month)

Exterior

• Parking: 2-car garage with garage door opener
• Security: Security system; Smoke detectors
• Utilities: Public sewer
• Home design: Single family residence; Single-story
• Construction: Brick veneer construction; Composition roof; Slab foundation; Built on a 0.137-acre lot
• Exterior features: Covered patio; Patio; Deck; Wood fencing

Interior

• Kitchen: Oven; Dishwasher; Disposal; Microwave; Gas range
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (Natural Gas); Central air; Ceiling fans
• Interior features: Pantry; Security system; Smoke detectors
• Laundry & utility: Dryer; Gas water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $350k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-149 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $323k (7.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $284k (18.6% below list).
• Recommended offer: $284k (18.6% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 4.7% in Midland — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 79/100 on livability (#57 in TX, #2,192 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, health & safety A+; Watch: crime C-, commute D+, amenities D.
• Greenwood ISD (rural): math 45% / reading 44% proficiency, ranked #220 of 826 in TX (top 27%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Greenwood El (795 students, 45% FRL); James R Brooks Middle (math 49% / reading 44%, grade D+, #443 of 1,662 statewide, top 28%, 756 students, 37% FRL); Greenwood H S (math 51% / reading 53%, grade D+, #447 of 1,632 statewide, top 29%, 808 students, 33% FRL).
• Market conditions: Rents rising (+2.8%/yr); 383 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,504 units permitted in Midland County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($108k/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 $10k of value loss. Plan a longer hold.
• Midland County population projected at +83% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($344k) is reasonable based on typical stale-listing flexibility.

Recommended offer $284,495 (18.6% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.81% ✗
• Cap rate: 5.78%
• Cash-on-cash: -1.83%
• DSCR: 0.92
• GRM: 10.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.75% rent growth · sell at horizon

5-year hold

• IRR: -19.6%
• Equity multiple: 0.32×
• Total profit: $-66,809
• Equity at exit: $52,112

10-year hold

• IRR: -12.9%
• Equity multiple: 0.25×
• Total profit: $-73,186
• Equity at exit: $30,218

Cash invested: $97,860 (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 79706

• Rents YoY: 2.8%
• Active inventory: 383
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $2,845 high
• Mortgage (P&I): −$1,833
• Tax from tax record: −$380 /mo · $4,561/yr
• Insurance: −$146
• HOA: −$38
• Vacancy / Maint / Mgmt: −$597
• Net cashflow: $-149

Break-even live

Break-even rent $3,034

Max offer price $323,172

Occupancy floor —

Sensitivity live

Price	-10% $49	-5% $-50	+0% $-149	+5% $-248	+10% $-347
Rent	-10% $-374	-5% $-261	+0% $-149	+5% $-37	+10% $76
Rate	-1.0pp $27	-0.5pp $-60	base $-149	+0.5pp $-240	+1.0pp $-332

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: $87,375
• Closing costs: $10,485
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8313 E County Road 115 Midland, TX	3.0	2.0	1616	$2,250	$1.39	22d	1	0.05mi
8205 E County Road 115 Midland, TX	4.0	3.0	1782	$2,904	$1.63	15d	1	0.08mi
8205 E County Road 115 Midland, TX	4.0	3.0	1782	$3,485	$1.96	45d	1	0.08mi
8309 E County Road 113 Midland, TX	3.0	2.0	1653	$2,558	$1.55	22d	1	0.09mi
8126 E County Road 114 Midland, TX	3.0	2.0	1500	$2,850	$1.90	15d	1	0.13mi
8128 E County Road 115 Midland, TX	3.0	2.0	1616	$2,250	$1.39	15d	1	0.23mi
8326 E County Road 115 Midland, TX	4.0	3.0	1782	$2,904	$1.63	15d	1	0.23mi
8130 E County Road 115 Midland, TX	3.0	2.0	1616	$3,070	$1.90	45d	1	0.23mi
8330 E County Road 115 Midland, TX	3.0	2.0	1616	$3,070	$1.90	45d	1	0.23mi
8304 E County Road 115 Midland, TX	3.0	2.0	1616	$2,250	$1.39	22d	1	0.23mi
8330 E County Road 115 Midland, TX	3.0	2.0	1616	$2,250	$1.39	22d	1	0.23mi
8130 E County Road 115 Midland, TX	3.0	2.0	1616	$2,658	$1.64	22d	1	0.23mi
8326 E County Road 115 Midland, TX	4.0	3.0	1782	$3,485	$1.96	45d	1	0.23mi
8220 E County Road 115 Midland, TX	3.0	2.0	1616	$2,250	$1.39	22d	1	0.23mi
3100 S County Road 1109 Midland, TX	3.0	2.0	1616	$2,250	$1.39	22d	1	0.24mi
8031 E County Road 114 Midland, TX	3.0	2.0	1500	$2,850	$1.90	15d	1	0.24mi
3108 S County Road 1109 Midland, TX	3.0	2.0	1616	$2,658	$1.64	45d	1	0.26mi
3123 S County Road 1109 Midland, TX	4.0	3.0	1782	$2,904	$1.63	15d	1	0.28mi
3123 S County Road 1109 Unit 1109 Midland, TX	4.0	3.0	1782	$3,485	$1.96	45d	1	0.28mi
2516 S County Rd 1103 Midland, TX	3.0	2.0	1616	$2,250	$1.39	22d	1	0.29mi
2512 S County Road 1103 Midland, TX	3.0	2.0	1633	$2,699	$1.65	45d	1	0.30mi
8319 Ecr Midland, TX	3.0	2.0	1558	$2,960	$1.90	15d	1	0.33mi
8101 E County Road 114 Midland, TX	3.0	2.0	1500	$2,250	$1.50	15d	1	0.50mi
8307 E County Road 115 Midland, TX	3.0	2.0	1616	$2,250	$1.39	22d	1	0.50mi
8502 E County Road 111 Midland, TX	3.0	2.0	1616	$3,070	$1.90	45d	1	0.86mi
8506 E County Road 111 Midland, TX	4.0	3.0	1782	$3,485	$1.96	45d	1	0.86mi
8512 E County Road 111 Midland, TX	3.0	2.0	1616	$3,070	$1.90	45d	1	0.86mi
8506 E County Road 111 Midland, TX	4.0	3.0	1782	$2,904	$1.63	22d	1	0.86mi
8507 E County Road 111 Midland, TX	3.0	2.0	1500	$2,850	$1.90	45d	1	0.86mi
8504 E County Road 111 Midland, TX	3.0	2.0	1500	$2,850	$1.90	45d	1	0.86mi
8500 E County Road 111 Midland, TX	3.0	2.0	1500	$2,850	$1.90	45d	1	0.86mi
8512 E County Road 111 Midland, TX	3.0	2.0	1616	$2,250	$1.39	22d	1	0.86mi
8128 E County Road 111 Midland, TX	3.0	2.0	1616	$2,250	$1.39	22d	1	0.86mi
8510 E County Road 111 Midland, TX	4.0	3.0	1782	$3,485	$1.96	45d	1	0.86mi
8508 E County Road 111 Midland, TX	3.0	2.0	1500	$2,850	$1.90	45d	1	0.86mi
2521 S Co Road 1105 Midland, TX	3.0	2.0	1616	$2,250	$1.39	22d	1	1.01mi
2521 S Co Road 1105 Unit 1105 Midland, TX	3.0	2.0	1616	$3,070	$1.90	45d	1	1.01mi
2505 S Co Road 1101 Unit 1101 Midland, TX	4.0	3.0	1500	$3,485	$2.32	45d	1	1.16mi
2509 S Co Road 1101 Unit 1101 Midland, TX	3.0	2.0	1616	$3,070	$1.90	45d	1	1.16mi
2513 S Co Road 1101 Midland, TX	3.0	2.0	1500	$2,250	$1.50	15d	1	1.16mi

HOA detail

• Monthly dues: $38 · $456/yr
• Likely covers: pool

Listing history 28 events

1. 2026-06-22
   days on market $349,500 Active 26 DOM
2. 2026-06-19
   days on market $349,500 Active 24 DOM
3. 2026-06-18
   days on market $349,500 Active 23 DOM
4. 2026-06-17
   days on market $349,500 Active 22 DOM
5. 2026-06-16
   days on market $349,500 Active 21 DOM
6. 2026-06-15
   days on market $349,500 Active 20 DOM
7. 2026-06-14
   days on market $349,500 Active 18 DOM
8. 2026-06-13
   days on market $349,500 Active 17 DOM
9. 2026-06-10
   days on market $349,500 Active 15 DOM
10. 2026-06-09
    days on market $349,500 Active 14 DOM
11. 2026-06-08
    days on market $349,500 Active 13 DOM
12. 2026-06-07
    days on market $349,500 Active 12 DOM
13. 2026-06-02
    days on market $349,500 Active 7 DOM
14. 2026-06-01
    days on market $349,500 Active 6 DOM
15. 2026-05-31
    days on market $349,500 Active 5 DOM
16. 2026-05-30
    days on market $349,500 Active 4 DOM
17. 2026-05-26
    listed $349,500 Active
18. 2025-10-18
    price $355,000
19. 2025-10-18
    price $355,000
20. 2025-09-20
    price $358,000
21. 2025-09-20
    price $358,000
22. 2025-08-27
    price $372,900
23. 2025-08-12
    price $375,000
24. 2025-06-18
    price $358,500
25. 2025-06-04
    price $368,500
26. 2025-05-30
    price $372,000
27. 2025-04-21
    price $374,000
28. 2025-03-27
    price $377,500

ⓘ 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: $4,561 · $380/mo
• Projected year-2 tax: $6,396 · $533/mo
• Expected delta: +$1,835/yr (+$153/mo · 40.2%)

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

Taxation est. · year 1

• Rental income: $34,139
• − Mortgage interest: −$19,577
• − Property taxes: −$4,561
• − Insurance: −$1,748
• − Repairs & maintenance: −$2,731
• − Management: −$2,731
• − HOA: −$456
• − Depreciation: −$10,167
• Taxable loss: −$7,832
• Est. tax savings @ 24.0%: +$1,880
• After-tax cash flow: $91/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 · 6 photos

Good 80/100 Cosmetic rehab

This home is in good condition with a modern kitchen and bathrooms, and a well-maintained exterior. It has potential for further updates to enhance its curb appeal and value.

Value-add opportunities

• Both Painting the exterior brick and updating the landscaping — Enhances curb appeal and adds value for both resale and rental.
• Resale Upgrading the flooring in the bathrooms — Modernizes the bathrooms and improves aesthetics.
• Both Installing smart home features — Improves convenience and adds value for both resale and rental.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior brick and updating the landscaping — Enhances curb appeal and adds value for both resale and rental. ↑
• Resale Upgrading the flooring in the bathrooms — Modernizes the bathrooms and improves aesthetics. ↑
• Both Installing smart home features — Improves convenience and adds value for both resale and rental. ↑

ⓘ 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: Greenwood ISD
• NCES district ID: 4821750
• Math proficiency: 45% ▲ 4.00%
• Reading proficiency: 44% ▲ 1.00%
• Median HH income: $74,012
• Composite: 40.54/100
• National rank: #3701
• State rank: #220 of 826 in TX

Livability — Midland

• Score: 79/100
• State rank: #57
• US rank: #2192

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Midland County · 168,494 people
• City population: 168,494
• Metro: Midland, TX
• Population (ZIP): 34,281
• Household income: $108,059
• Rent vs Own: 20.4% rent · 79.6% own
• Severe rent burden: 303.0

Population outlook (Midland County) Hauer SSP2

• Today (2025): 220,895 people
• By 2030: 253,667 · +14.8%
• By 2040: 325,498 · +47.4%
• By 2050: 404,168 · +83.0%
• By 2075: 609,802 · +176.1%
• By 2100: 760,172 · +244.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Hispanic / Latino 48% White 44% Two or more races 13% Black 3% Asian 2%
• Hispanic origin (detail): Mexican 43% Cuban 1%
• Common ancestry: Italian 1% Lithuanian 1% Swedish 1%
• Foreign-born: 11% · Canada
• Languages at home: 68% English-only · Spanish 30%

Political lean MEDSL · Midland

• 2024 margin: Solid R (+60.5) · D 19.3% · R 79.8%
• 2008→2024 swing: -3.3pp toward R · 2008: -57.3pp · 2024: -60.5pp
• All cycles: 2024: R+60.5 2020: R+56.6 2016: R+55.2 2012: R+61.5 2008: R+57.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -173.42%
• Current HPI: 212.6467
• Rent YoY: ▲ 2.75%
• Metro: Midland, 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

-7.4% since first listed

12 events — show timeline

• 2026-05-26 Listed $349,500 PBBOR
• 2025-10-18 Price Changed $355,000 ODMLS
• 2025-10-18 Price Changed $355,000 PBBOR
• 2025-09-20 Price Changed $358,000 ODMLS
• 2025-09-20 Price Changed $358,000 PBBOR
• 2025-08-27 Price Changed $372,900 PBBOR
• 2025-08-12 Price Changed $375,000 PBBOR
• 2025-06-18 Price Changed $358,500 PBBOR
• 2025-06-04 Price Changed $368,500 PBBOR
• 2025-05-30 Price Changed $372,000 PBBOR
• 2025-04-21 Price Changed $374,000 PBBOR
• 2025-03-27 Price Changed $377,500 PBBOR

Property tax history

+93.5%/yr

Latest (2025): $4,561 · -1.9% YoY. Source: county tax records.