1906 Tilden St · Wichita Falls, TX 76309

$84,900

3 bd · 1.0 ba · 1,324 sqft · SingleFamily public records · 44 Days on market

Built 1925 $64/sqft · 12% below area Est $97k · 12% under

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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 +26.9/30.0
• ARV discount +12.9/15.0
• DSCR +9.3/10.0
• 1% rule +8.2/10.0
• Rent growth +4.6/5.0
• Livability +3.5/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great starter home or investment property with character! 3 bed, 1 bath home & 2 car detached garage. Home features good size bedrooms, separate dining area, separate utility area and more!

Key facts

• Quiet street
• Spacious kitchen
• Built 1925

Tags

• SPACIOUS KITCHEN
• DEDICATED LAUNDRY ROOM
• GENEROUSLY SIZED YARD
• DETACHED TWO-CAR GARAGE
• QUIET STREET

Property features AI

Finance

• Other: Located in the Floral Heights subdivision

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story
• Construction: Vinyl siding
• Exterior features: Composition roof

Interior

• Flooring: Carpet; Laminate
• Heating & cooling: Central heating (natural gas); Central air conditioning
• Interior features: Wood-burning fireplace; Carpet and laminate flooring

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $236 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $82k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 4.7% in Wichita Falls — 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 69/100 on livability (#437 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, employment D+, schools D.
• Wichita Falls ISD (urban): math 31% / reading 33% proficiency, ranked #585 of 826 in TX (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+8.3%/yr); 129 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 231 units permitted in Wichita County in 2024 (10 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $587 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Wichita County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $24k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($82k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 4y 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

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $82,353 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.32% ✓
• Cap rate: 9.63%
• Cash-on-cash: 11.93%
• DSCR: 1.53
• GRM: 6.3

CMA / ARV

• ARV (median comp): $96,513
• List price: $84,900
• Delta: -12.03%
• Verdict: UNDERPRICED
• Comps: 11 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1913 Tilden St	0.04mi	4/2.0 (+1)	1,341 (+1%)	3mo	$63,500	$47	85
2168 Avenue H	0.58mi	3/2.0	1,340 (+1%)	6mo	$45,500	$34	62
2201 Shepherd St	0.61mi	3/1.0	1,414 (+7%)	20mo	$100,000	$71	44
2147 Avenue J	0.73mi	3/1.0	1,140 (-14%)	10mo	$135,000	$118	35

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 7.4%
• Equity multiple: 1.31×
• Total profit: $7,265
• Equity at exit: $12,659

10-year hold

• IRR: 20.9%
• Equity multiple: 3.22×
• Total profit: $52,846
• Equity at exit: $7,341

Cash invested: $23,772 (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 76309

• Rents YoY: 8.3%
• Active inventory: 129
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,119 high
• Mortgage (P&I): −$445
• Tax from tax record: −$167 /mo · $2,004/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $236

Break-even live

Break-even rent $820

Max offer price $84,900

Occupancy floor 74%

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: $21,225
• Closing costs: $2,547
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2003 Buchanan St Wichita Falls, TX	3.0	2.0	1118	$1,100	$0.98	43d	1	0.17mi
2912 Avenue L Unit L Wichita Falls, TX	2.0	1.0	1104	$895	$0.81	43d	1	0.26mi
2304 Avenue K Wichita Falls, TX	3.0	2.0	1040	$1,050	$1.01	43d	1	0.42mi
1515 Fillmore St Wichita Falls, TX	3.0	2.0	909	$1,225	$1.35	43d	1	0.43mi
1813 Polk St Wichita Falls, TX	3.0	2.0	1090	$1,364	$1.25	43d	1	0.45mi
1901 Wenonah Ave Unit B Wichita Falls, TX	2.0	1.0	946	$1,000	$1.06	43d	1	0.49mi
1507 Polk St Wichita Falls, TX	3.0	1.0	1316	$1,050	$0.80	43d	1	0.57mi
2500 Taylor St Unit 2500 Taylor A Wichita Falls, TX	2.0	1.0	910	$800	$0.88	43d	1	0.58mi
2812 Avenue R Unit R Wichita Falls, TX	2.0	1.0	1044	$925	$0.89	43d	1	0.72mi
2006 Bell St Wichita Falls, TX	3.0	1.0	1120	$1,000	$0.89	43d	1	0.77mi
2130 Avenue K Wichita Falls, TX	3.0	2.0	1090	$1,390	$1.28	43d	1	0.81mi
1901 Giddings St Wichita Falls, TX	3.0	2.0	909	$1,175	$1.29	43d	1	0.84mi
1301 Giddings St Wichita Falls, TX	3.0	1.0	1000	$1,150	$1.15	43d	1	0.85mi
3706 Seymour Rd Wichita Falls, TX	1.0–3.0	1.0–2.5	1100	$1,375	$1.25	43d	13	0.87mi
1821 9th St Unit B Wichita Falls, TX	2.0	1.0	1200	$795	$0.66	43d	1	1.27mi
1916 7th St Wichita Falls, TX	2.0	1.0	1226	$1,050	$0.86	43d	1	1.29mi

Listing history 28 events

1. 2026-06-19
   days on market $84,900 Active 44 DOM
2. 2026-06-18
   days on market $84,900 Active 43 DOM
3. 2026-06-17
   days on market $84,900 Active 42 DOM
4. 2026-06-16
   days on market $84,900 Active 41 DOM
5. 2026-06-15
   days on market $84,900 Active 40 DOM
6. 2026-06-14
   days on market $84,900 Active 38 DOM
7. 2026-06-13
   days on market $84,900 Active 37 DOM
8. 2026-06-10
   days on market $84,900 Active 35 DOM
9. 2026-06-09
   days on market $84,900 Active 34 DOM
10. 2026-06-08
    days on market $84,900 Active 33 DOM
11. 2026-06-07
    days on market $84,900 Active 32 DOM
12. 2026-06-05
    days on market $84,900 Active 29 DOM
13. 2026-06-02
    days on market $84,900 Active 27 DOM
14. 2026-06-01
    days on market $84,900 Active 26 DOM
15. 2026-05-31
    days on market $84,900 Active 25 DOM
16. 2026-05-30
    days on market $84,900 Active 24 DOM
17. 2026-05-03
    listed $84,900 Active 490-char remark
18. 2022-11-02
    soldstatus Closed 193-char remark

    Show marketing remark (193 chars)

    Great starter home or investment property with character! 3 bed, 1 bath home & 2 car detached garage. Home features good size bedrooms, separate dining area, separate utility area and more!

19. 2022-11-02
    soldstatus

    Show marketing remark (193 chars)

    Great starter home or investment property with character! 3 bed, 1 bath home & 2 car detached garage. Home features good size bedrooms, separate dining area, separate utility area and more!

20. 2022-10-14
    soldstatus

    Show marketing remark (195 chars)

    Great starter home or investment property with character! 3 bed, 1 bath home & 2 car detached garage. Home features good size bedrooms, separate dining area, separate utility area and more!

21. 2022-09-14
    status Pending 193-char remark

    Show marketing remark (193 chars)

    Great starter home or investment property with character! 3 bed, 1 bath home & 2 car detached garage. Home features good size bedrooms, separate dining area, separate utility area and more!

22. 2022-09-04
    historical Active Option Contract 193-char remark

    Show marketing remark (193 chars)

    Great starter home or investment property with character! 3 bed, 1 bath home & 2 car detached garage. Home features good size bedrooms, separate dining area, separate utility area and more!

23. 2022-08-13
    status Active 193-char remark

    Show marketing remark (193 chars)

    Great starter home or investment property with character! 3 bed, 1 bath home & 2 car detached garage. Home features good size bedrooms, separate dining area, separate utility area and more!

24. 2022-08-09
    historical Active Option Contract 193-char remark

    Show marketing remark (193 chars)

    Great starter home or investment property with character! 3 bed, 1 bath home & 2 car detached garage. Home features good size bedrooms, separate dining area, separate utility area and more!

25. 2022-07-26
    status Active 193-char remark

    Show marketing remark (193 chars)

    Great starter home or investment property with character! 3 bed, 1 bath home & 2 car detached garage. Home features good size bedrooms, separate dining area, separate utility area and more!

26. 2022-07-25
    historical Active Option Contract 193-char remark

    Show marketing remark (193 chars)

    Great starter home or investment property with character! 3 bed, 1 bath home & 2 car detached garage. Home features good size bedrooms, separate dining area, separate utility area and more!

27. 2022-07-14
    listed $80,000 Active 193-char remark

    Show marketing remark (195 chars)

    Great starter home or investment property with character! 3 bed, 1 bath home & 2 car detached garage. Home features good size bedrooms, separate dining area, separate utility area and more!

28. 2022-07-14
    listed $80,000

    Show marketing remark (195 chars)

    Great starter home or investment property with character! 3 bed, 1 bath home & 2 car detached garage. Home features good size bedrooms, separate dining area, separate utility area and more!

ⓘ 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: $2,004 · $167/mo
• Projected year-2 tax: $2,004 · $167/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $13,427
• − Mortgage interest: −$4,756
• − Property taxes: −$2,004
• − Insurance: −$424
• − Repairs & maintenance: −$1,074
• − Management: −$1,074
• − Depreciation: −$2,470
• Taxable income: $1,625
• Est. tax owed @ 24.0%: −$390
• After-tax cash flow: $2,446/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: Wichita Falls ISD
• NCES district ID: 4845780
• Math proficiency: 31% ▼ -10.00%
• Reading proficiency: 33% ▼ -7.00%
• Median HH income: $41,604
• Composite: 27.06/100
• National rank: #7051
• State rank: #585 of 826 in TX

Livability — Wichita Falls

• Score: 69/100
• State rank: #437
• US rank: #8940

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wichita Falls, TX
• County: Wichita County · 95,694 people
• City population: 95,694
• Metro: Wichita Falls, TX
• Population (ZIP): 13,395
• Household income: $54,159
• Rent vs Own: 42.7% rent · 57.3% own
• Severe rent burden: 469.0

Population outlook (Wichita County) Hauer SSP2

• Today (2025): 129,638 people
• By 2030: 128,366 · -1.0%
• By 2040: 124,466 · -4.0%
• By 2050: 120,499 · -7.0%
• By 2075: 113,884 · -12.2%
• By 2100: 101,818 · -21.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 58% Hispanic / Latino 29% Two or more races 12% Black 6% Asian 2% Native American 2%
• Hispanic origin (detail): Mexican 27%
• Common ancestry: Lithuanian 1% Romanian 1% Portuguese 1%
• Foreign-born: 7% · Canada, Vietnam, Jamaica
• Languages at home: 82% English-only · Spanish 15% Vietnamese 1% French/Haitian/Cajun 1%

Political lean MEDSL · Wichita

• 2024 margin: Solid R (+44.0) · D 27.5% · R 71.5%
• 2008→2024 swing: -5.2pp toward R · 2008: -38.9pp · 2024: -44.0pp
• All cycles: 2024: R+44.0 2020: R+41.1 2016: R+49.7 2012: R+47.1 2008: R+38.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -88.35%
• Current HPI: 137.2935
• Rent YoY: ▲ 8.33%
• Metro: Wichita Falls, 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

+6.1% since first listed

12 events — show timeline

• 2026-05-03 Listed $84,900 WFAOR
• 2022-11-02 Sold (Public Records) — Public Records
• 2022-11-02 Sold (MLS) — NTREIS
• 2022-10-14 Sold (MLS) — WFAOR
• 2022-09-14 Pending — NTREIS
• 2022-09-04 Contingent — NTREIS
• 2022-08-13 Relisted — NTREIS
• 2022-08-09 Contingent — NTREIS
• 2022-07-26 Relisted — NTREIS
• 2022-07-25 Contingent — NTREIS
• 2022-07-14 Listed $80,000 WFAOR
• 2022-07-14 Listed $80,000 NTREIS

Property tax history

+8.0%/yr

Latest (2022): $2,004 · +24.0% YoY. Source: county tax records.