904 Houston St · Killeen, TX 76541

$98,000

3 bd · 1.0 ba · 1,270 sqft · SingleFamily public records · 126 Days on market

Built 1963 8,001 sqft lot $77/sqft · 18% below area Est $119k · 18% 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 +20.0/30.0
• ARV discount +15.0/15.0
• 1% rule +7.2/10.0
• DSCR +6.3/10.0
• Appreciation +6.1/10.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0

Listing remarks MLS

Updated house at an unbelievable price! Cute and quaint, this house features a large backyard, fenced front yard, solar panels, updated bathroom, and enclosed back porch area.

Key facts

• Large backyard
• Fenced front yard
• Solar panels

Tags

• LARGE BACKYARD
• FENCED FRONT YARD
• SOLAR PANELS
• UPDATED BATHROOM
• ENCLOSED BACK PORCH AREA

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $98k.

Deal economics

• At list price, monthly cash flow is $119 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $98k).
• Recommended offer: $86k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 3.9% in Killeen — 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 63/100 on livability (#853 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, amenities D, employment D.
• Killeen ISD (urban): math 31% / reading 38% proficiency, ranked #524 of 826 in TX (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-2.0%/yr); 123 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 3,222 units permitted in Bell County in 2024 (246 in 5+ unit buildings).
• This rent runs 38% of the median local income ($37k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $3k of equity ($678 loan paydown + $2k appreciation (2.3% local appreciation)).
• Bell County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (2.3% appreciation + 0.0% rent growth), your $27k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 126 days — a 12% lower offer ($86k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 16y ago; this cycle's ask has dropped $24k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.3% of price.
• Climate carrying-cost: major wind risk, 56% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $86,240 (12.0% below list)

Questions for the listing agent

1. It's been on market 126 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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 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?
7. 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?
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: 1.22% ✓
• Cap rate: 7.76%
• Cash-on-cash: 5.22%
• DSCR: 1.23
• GRM: 6.9

CMA / ARV

• ARV (median comp): $119,276
• List price: $98,000
• Delta: -17.84%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1101 S 2nd St	0.35mi	3/1.0	1,203 (-5%)	1mo	$67,000	$56	74
1016 San Antonio St	0.14mi	4/2.0 (+1)	1,225 (-4%)	8mo	$159,000	$130	72
806 W Bryce Ave	0.25mi	4/2.0 (+1)	1,364 (+7%)	5mo	$88,000	$65	62
1302 S 2nd St	0.41mi	3/1.0	1,368 (+8%)	19mo	$105,000	$77	52
302 E Fowler Ave	0.55mi	3/2.0	1,364 (+7%)	15mo	$165,400	$121	46
508 Brook Dr	0.74mi	3/1.0	1,235 (-3%)	24mo	$95,000	$77	41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

2.26% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 8.3%
• Equity multiple: 1.45×
• Total profit: $12,248
• Equity at exit: $40,047

10-year hold

• IRR: 9.5%
• Equity multiple: 2.23×
• Total profit: $33,842
• Equity at exit: $58,758

Cash invested: $27,440 (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 76541

• Home prices YoY: 1.4%
• Rents YoY: -2.0%
• Active inventory: 123
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,192 high
• Mortgage (P&I): −$514
• Tax from tax record: −$268 /mo · $3,212/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$250
• Net cashflow: $119

Break-even live

Break-even rent $1,041

Max offer price $98,000

Occupancy floor 85%

Sensitivity live

Price	-10% $175	-5% $147	+0% $119	+5% $92	+10% $64
Rent	-10% $25	-5% $72	+0% $119	+5% $167	+10% $214
Rate	-1.0pp $169	-0.5pp $144	base $119	+0.5pp $94	+1.0pp $68

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: $24,500
• Closing costs: $2,940
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
909 Houston St Killeen, TX	3.0	2.0	1200	$1,195	$1.00	45d	1	0.02mi
409 Short Ave Killeen, TX	4.0	2.0	1220	$1,300	$1.07	45d	1	0.04mi
1003 San Antonio St Killeen, TX	4.0	1.0	1452	$1,095	$0.75	45d	1	0.05mi
907 San Antonio St Killeen, TX	3.0	1.5	1303	$1,195	$0.92	45d	1	0.06mi
910 San Antonio St Killeen, TX	3.0	1.0	1208	$995	$0.82	45d	1	0.08mi
919 Southside Dr Killeen, TX	3.0	1.0	925	$1,300	$1.41	45d	1	0.11mi
1004 Mary Jane Cir Killeen, TX	3.0	2.0	1628	$1,550	$0.95	24d	1	0.19mi
205 W Vardeman Ave Unit A Killeen, TX	3.0	1.0	1824	$925	$0.51	45d	1	0.29mi
605 Stringer St Unit A Killeen, TX	3.0	2.5	1334	$1,500	$1.12	45d	1	0.30mi
512 Raymond St Unit B Killeen, TX	3.0	2.5	1336	$1,300	$0.97	24d	1	0.33mi
512 Raymond St Killeen, TX	3.0	2.5	1336	$1,300	$0.97	45d	1	0.33mi
1313 Elia St Killeen, TX	3.0	1.5	1104	$1,050	$0.95	45d	1	0.36mi
1405 Van Zanten Ct Apt A Killeen, TX	2.0	1.5	915	$775	$0.85	45d	1	0.39mi
501 W Central Texas Expy Killeen, TX	1.0–2.0	1.0–2.0	650	$1,265	$1.95	15d	34	0.41mi
118 E Fowler Ave Killeen, TX	3.0	1.0	902	$875	$0.97	45d	1	0.46mi
208 E Voelter Ave Killeen, TX	3.0	2.0	1215	$995	$0.82	24d	1	0.46mi
1602 Van Zanten Dr Unit A Killeen, TX	2.0	2.0	953	$850	$0.89	24d	1	0.49mi
1417 Jasper Garden Ct Killeen, TX	3.0	2.0	1477	$1,675	$1.13	45d	1	0.70mi
717 Norris Ave Killeen, TX	3.0	1.0	1118	$1,000	$0.89	45d	1	0.77mi
207 Cloud St Killeen, TX	2.0	1.0	894	$797	$0.89	45d	1	0.77mi
907 Wells St Killeen, TX	3.0	1.0	1050	$950	$0.90	24d	1	0.84mi
913 Estelle Ave Killeen, TX	4.0	2.0	1292	$1,445	$1.12	15d	1	0.90mi
1105 Alta Vista Dr Killeen, TX	3.0	1.5	1168	$1,500	$1.28	24d	1	0.92mi
1214 Valentine St Killeen, TX	3.0	1.0	1090	$1,025	$0.94	24d	1	0.93mi
724 Carrie Ave Killeen, TX	3.0	1.0	1100	$1,000	$0.91	45d	1	0.94mi
1302 Redondo Dr Killeen, TX	3.0	1.0	1327	$1,200	$0.90	45d	1	0.95mi
2301 Zinnia Ct Killeen, TX	4.0	2.0	1746	$1,650	$0.95	45d	1	0.95mi
1209 West Ln Killeen, TX	3.0	2.0	1100	$1,300	$1.18	45d	1	0.96mi
1208 Ridgemont Dr Killeen, TX	3.0	1.0	1224	$1,150	$0.94	24d	1	0.96mi
514 McArthur Dr Killeen, TX	3.0	1.0	1084	$995	$0.92	45d	1	0.97mi
1005 Bonner Dr Killeen, TX	3.0	2.0	1347	$1,300	$0.97	45d	1	0.99mi
1204 Alta Vista Dr Killeen, TX	4.0	2.0	1624	$1,450	$0.89	45d	1	0.99mi
209 West Avenue A Unit A Killeen, TX	3.0	2.0	876	$935	$1.07	15d	1	1.01mi
200 Lowes Blvd Unit B Killeen, TX	3.0	2.0	1340	$1,350	$1.01	24d	1	1.02mi
202 Lowes Blvd Unit A Killeen, TX	3.0	2.0	1340	$1,350	$1.01	45d	1	1.03mi
1306 Duvall Dr Killeen, TX	3.0	1.0	1000	$1,025	$1.02	45d	1	1.03mi
505 W Church Ave Killeen, TX	3.0	1.0	1160	$1,100	$0.95	15d	1	1.06mi
1305 Arkansas Ave Killeen, TX	3.0	2.0	1276	$1,300	$1.02	24d	1	1.06mi
506 Powell St Killeen, TX	3.0	1.0	1546	$1,400	$0.91	45d	1	1.06mi
1206 Bonner Dr Killeen, TX	4.0	1.0	1248	$1,245	$1.00	15d	1	1.07mi

Listing history 38 events

1. 2026-06-18
   days on market $98,000 Active 126 DOM
2. 2026-06-17
   days on market $98,000 Active 125 DOM
3. 2026-06-16
   days on market $98,000 Active 124 DOM
4. 2026-06-15
   days on market $98,000 Active 123 DOM
5. 2026-06-14
   days on market $98,000 Active 121 DOM
6. 2026-06-13
   days on market $98,000 Active 120 DOM
7. 2026-06-10
   days on market $98,000 Active 118 DOM
8. 2026-06-09
   days on market $98,000 Active 117 DOM
9. 2026-06-08
   days on market $98,000 Active 116 DOM
10. 2026-06-07
    days on market $98,000 Active 115 DOM
11. 2026-06-03
    days on market $98,000 Active 111 DOM
12. 2026-06-02
    days on market $98,000 Active 110 DOM
13. 2026-06-01
    days on market $98,000 Active 109 DOM
14. 2026-05-31
    days on market $98,000 Active 108 DOM
15. 2026-05-30
    days on market $98,000 Active 107 DOM
16. 2026-05-18
    price $98,000 176-char remark

    Show marketing remark (176 chars)

    Updated house at an unbelievable price! Cute and quaint, this house features a large backyard, fenced front yard, solar panels, updated bathroom, and enclosed back porch area.

17. 2026-04-16
    price $102,000 176-char remark

    Show marketing remark (176 chars)

    Updated house at an unbelievable price! Cute and quaint, this house features a large backyard, fenced front yard, solar panels, updated bathroom, and enclosed back porch area.

18. 2026-03-17
    price $112,000 176-char remark

    Show marketing remark (176 chars)

    Updated house at an unbelievable price! Cute and quaint, this house features a large backyard, fenced front yard, solar panels, updated bathroom, and enclosed back porch area.

19. 2026-02-12
    listed $122,000 Active 176-char remark

    Show marketing remark (176 chars)

    Updated house at an unbelievable price! Cute and quaint, this house features a large backyard, fenced front yard, solar panels, updated bathroom, and enclosed back porch area.

20. 2022-08-19
    soldstatus
21. 2022-08-18
    status Pending
22. 2022-07-19
    historical Active Under Contract
23. 2022-06-26
    status Pending
24. 2022-06-18
    listed $155,000 Active
25. 2021-03-17
    soldstatus
26. 2021-03-11
    soldstatus Closed
27. 2021-01-19
    status Pending
28. 2021-01-19
    status Pending
29. 2020-12-21
    status Active
30. 2020-12-20
    status Active
31. 2020-11-17
    status Pending
32. 2020-11-17
    status Pending
33. 2020-10-16
    listed $94,900 Active
34. 2020-09-30
    listed $94,900 Active
35. 2010-10-31
    historical
36. 2010-03-22
    listed $56,900
37. 2004-04-21
    soldstatus
38. 1977-12-28
    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: $3,212 · $268/mo
• Projected year-2 tax: $3,212 · $268/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 56% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,306
• − Mortgage interest: −$5,490
• − Property taxes: −$3,212
• − Insurance: −$490
• − Repairs & maintenance: −$1,144
• − Management: −$1,144
• − Depreciation: −$2,851
• Taxable loss: −$25
• Est. tax savings @ 24.0%: +$6
• After-tax cash flow: $1,439/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: Killeen ISD
• NCES district ID: 4825660
• Math proficiency: 31% ▼ -16.00%
• Reading proficiency: 38% ▼ -3.00%
• Median HH income: $47,665
• Composite: 29.69/100
• National rank: #6458
• State rank: #524 of 826 in TX

Livability — Killeen

• Score: 63/100
• State rank: #853
• US rank: #15359

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Killeen, TX
• County: Bell County · 345,090 people
• City population: 163,398
• Metro: Killeen-Temple, TX
• Population (ZIP): 19,011
• Household income: $37,349
• Rent vs Own: 76.4% rent · 23.6% own
• Severe rent burden: 1668.0

Population outlook (Bell County) Hauer SSP2

• Today (2025): 371,114 people
• By 2030: 389,104 · +4.8%
• By 2040: 420,592 · +13.3%
• By 2050: 447,779 · +20.7%
• By 2075: 499,130 · +34.5%
• By 2100: 505,680 · +36.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: Hispanic / Latino 32% White 31% Black 27% Two or more races 10% Asian 3% Pacific Islander 1%
• Hispanic origin (detail): Mexican 21% Puerto Rican 6% Dominican 1%
• Common ancestry: Italian 2% Slovak 1% Lithuanian 1%
• Foreign-born: 14% · Canada, Vietnam, South Korea
• Languages at home: 69% English-only · Spanish 25% German/W. Germanic 2% Korean 1%

Political lean MEDSL · Bell

• 2024 margin: R (+16.2) · D 41.3% · R 57.6% · Other 1.1%
• 2008→2024 swing: -6.5pp toward R · 2008: -9.8pp · 2024: -16.2pp
• All cycles: 2024: R+16.2 2020: R+8.5 2016: R+15.1 2012: R+16.4 2008: R+9.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.26%
• Current HPI: 168.1206
• Rent YoY: ▼ -2.00%
• Metro: Killeen-Temple, 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

+72.2% since first listed

23 events — show timeline

• 2026-05-18 Price Changed $98,000 CTXMLS
• 2026-04-16 Price Changed $102,000 CTXMLS
• 2026-03-17 Price Changed $112,000 CTXMLS
• 2026-02-12 Listed $122,000 CTXMLS
• 2022-08-19 Sold (Public Records) — Public Records
• 2022-08-18 Pending — CTXMLS
• 2022-07-19 Contingent — CTXMLS
• 2022-06-26 Pending — CTXMLS
• 2022-06-18 Listed $155,000 CTXMLS
• 2021-03-17 Sold (Public Records) — Public Records
• 2021-03-11 Sold (MLS) — Unlock MLS
• 2021-01-19 Pending — Unlock MLS
• 2021-01-19 Pending — CTXMLS
• 2020-12-21 Relisted — Unlock MLS
• 2020-12-20 Relisted — CTXMLS
• 2020-11-17 Pending — Unlock MLS
• 2020-11-17 Pending — CTXMLS
• 2020-10-16 Listed $94,900 Unlock MLS
• 2020-09-30 Listed $94,900 CTXMLS
• 2010-10-31 Listing Removed — CTXMLS
• 2010-03-22 Listed $56,900 CTXMLS
• 2004-04-21 Sold (Public Records) — Public Records
• 1977-12-28 Sold (Public Records) — Public Records

Property tax history

+11.4%/yr

Latest (2025): $3,212 · -12.5% YoY. Source: county tax records.