408 E Ida Ave · Electra, TX 76360

$121,900

3 bd · 2.0 ba · 1,574 sqft · SingleFamily public records · 157 Days on market

Built 1958 $77/sqft · 170% above area

---

Why this score? — see what drove the C 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 +20.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.5/10.0
• 1% rule +6.1/10.0
• Appreciation +5.6/10.0
• Livability +3.3/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This bright and spacious new listing offers 3 bedrooms, 2 bathrooms, and a 2-car garage, perfectly designed for comfortable living. The home features a large backyard, ideal for entertaining or future outdoor projects! Inside, you’ll find brand-new flooring and major upgrades throughout, including a new HVAC system, new water heater, new electrical system, and updated plumbing, providing peace of mind and modern efficiency. This move-in-ready home is a must see!

Key facts

• Large backyard
• New water heater
• New hvac system

Tags

• LARGE BACKYARD
• NEW HVAC SYSTEM
• NEW WATER HEATER
• NEW ELECTRICAL SYSTEM
• UPDATED PLUMBING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $122k.

Deal economics

• At list price, monthly cash flow is $159 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $122k).
• Recommended offer: $107k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#647 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: health & safety C-, schools D+, amenities F.
• Electra ISD (town): math 35% / reading 39% proficiency, ranked #494 of 826 in TX (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 47 active listings in the ZIP; 231 units permitted in Wichita County in 2024 (10 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($843 loan paydown + $1k appreciation (1.1% local appreciation)).
• Wichita County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (1.1% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 157 days — a 12% lower offer ($107k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y ago; this cycle's ask has dropped $8k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $107,272 (12.0% below list)

Questions for the listing agent

1. It's been on market 157 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 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.11% ✓
• Cap rate: 7.86%
• Cash-on-cash: 5.59%
• DSCR: 1.25
• GRM: 7.5

CMA / ARV

• ARV (median comp): $45,210
• List price: $121,900
• Delta: 169.63%
• Verdict: OVERPRICED
• Comps: 10 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
801 S Main St	0.37mi	3/1.0	1,560 (-1%)	9mo	$59,999	$38	70
602 E Franklin Ave	0.74mi	3/2.0	1,706 (+8%)	20mo	$78,900	$46	35

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

Projected returns pro-forma

1.14% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 7.6%
• Equity multiple: 1.39×
• Total profit: $13,305
• Equity at exit: $42,503

10-year hold

• IRR: 11.6%
• Equity multiple: 2.43×
• Total profit: $48,806
• Equity at exit: $57,177

Cash invested: $34,132 (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 76360

• Home prices YoY: 1.1%
• Active inventory: 47
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,354 medium
• Mortgage (P&I): −$639
• Tax from tax record: −$221 /mo · $2,650/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $159

Break-even live

Break-even rent $1,153

Max offer price $121,900

Occupancy floor 83%

Sensitivity live

Price	-10% $228	-5% $194	+0% $159	+5% $125	+10% $90
Rent	-10% $52	-5% $106	+0% $159	+5% $213	+10% $266
Rate	-1.0pp $220	-0.5pp $190	base $159	+0.5pp $127	+1.0pp $95

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: $30,475
• Closing costs: $3,657
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-18
   days on market $121,900 Active 157 DOM
2. 2026-06-17
   days on market $121,900 Active 156 DOM
3. 2026-06-16
   days on market $121,900 Active 155 DOM
4. 2026-06-15
   days on market $121,900 Active 154 DOM
5. 2026-06-13
   days on market $121,900 Active 152 DOM
6. 2026-06-12
   days on market $121,900 Active 151 DOM
7. 2026-06-09
   days on market $121,900 Active 148 DOM
8. 2026-06-08
   days on market $121,900 Active 147 DOM
9. 2026-06-08
   days on market $121,900 Active 146 DOM
10. 2026-06-07
    days on market $121,900 Active 145 DOM
11. 2026-06-03
    days on market $121,900 Active 142 DOM
12. 2026-06-02
    days on market $121,900 Active 141 DOM
13. 2026-06-01
    days on market $121,900 Active 140 DOM
14. 2026-05-31
    days on market $121,900 Active 139 DOM
15. 2026-04-26
    status Active 472-char remark

    Show marketing remark (472 chars)

    This bright and spacious new listing offers 3 bedrooms, 2 bathrooms, and a 2-car garage, perfectly designed for comfortable living. The home features a large backyard, ideal for entertaining or future outdoor projects! Inside, you’ll find brand-new flooring and major upgrades throughout, including a new HVAC system, new water heater, new electrical system, and updated plumbing, providing peace of mind and modern efficiency. This move-in-ready home is a must see!

16. 2026-04-20
    historical Active Under Contract 472-char remark

    Show marketing remark (472 chars)

    This bright and spacious new listing offers 3 bedrooms, 2 bathrooms, and a 2-car garage, perfectly designed for comfortable living. The home features a large backyard, ideal for entertaining or future outdoor projects! Inside, you’ll find brand-new flooring and major upgrades throughout, including a new HVAC system, new water heater, new electrical system, and updated plumbing, providing peace of mind and modern efficiency. This move-in-ready home is a must see!

17. 2026-03-29
    price $122,900 472-char remark

    Show marketing remark (472 chars)

    This bright and spacious new listing offers 3 bedrooms, 2 bathrooms, and a 2-car garage, perfectly designed for comfortable living. The home features a large backyard, ideal for entertaining or future outdoor projects! Inside, you’ll find brand-new flooring and major upgrades throughout, including a new HVAC system, new water heater, new electrical system, and updated plumbing, providing peace of mind and modern efficiency. This move-in-ready home is a must see!

18. 2026-02-15
    price $125,999 472-char remark

    Show marketing remark (472 chars)

    This bright and spacious new listing offers 3 bedrooms, 2 bathrooms, and a 2-car garage, perfectly designed for comfortable living. The home features a large backyard, ideal for entertaining or future outdoor projects! Inside, you’ll find brand-new flooring and major upgrades throughout, including a new HVAC system, new water heater, new electrical system, and updated plumbing, providing peace of mind and modern efficiency. This move-in-ready home is a must see!

19. 2026-01-12
    listed $129,900 Active 472-char remark

    Show marketing remark (472 chars)

    This bright and spacious new listing offers 3 bedrooms, 2 bathrooms, and a 2-car garage, perfectly designed for comfortable living. The home features a large backyard, ideal for entertaining or future outdoor projects! Inside, you’ll find brand-new flooring and major upgrades throughout, including a new HVAC system, new water heater, new electrical system, and updated plumbing, providing peace of mind and modern efficiency. This move-in-ready home is a must see!

20. 2025-09-09
    price $129,900
21. 2025-07-24
    price $139,900
22. 2020-12-30
    soldstatus
23. 2020-12-17
    soldstatus
24. 2020-07-17
    listed $67,000

ⓘ 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: $2,650 · $221/mo
• Projected year-2 tax: $2,650 · $221/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 9/10 Extreme
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% 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: $16,251
• − Mortgage interest: −$6,828
• − Property taxes: −$2,650
• − Insurance: −$610
• − Repairs & maintenance: −$1,300
• − Management: −$1,300
• − Depreciation: −$3,546
• Taxable income: $17
• Est. tax owed @ 24.0%: −$4
• After-tax cash flow: $1,904/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: Electra ISD
• NCES district ID: 4818330
• Math proficiency: 35% ▼ -5.00%
• Reading proficiency: 39% ▼ -1.00%
• Median HH income: $39,107
• Composite: 30.95/100
• National rank: #6109
• State rank: #494 of 826 in TX

Livability — Electra

• Score: 66/100
• State rank: #647
• US rank: #12245

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Electra, TX
• Population (ZIP): 2,692

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: Predominantly White (73%)
• Race & ethnicity: White 73% Hispanic / Latino 18% Two or more races 9% Black 4%
• Hispanic origin (detail): Mexican 17%
• Common ancestry: Slovak 3% Italian 2% Iranian 1%
• Foreign-born: 1% · Canada
• Languages at home: 93% English-only · Spanish 6%

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: ▲ 1.14%
• Current HPI: 106.7145
• 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

+83.4% since first listed

10 events — show timeline

• 2026-04-26 Relisted — WFAOR
• 2026-04-20 Contingent — WFAOR
• 2026-03-29 Price Changed $122,900 WFAOR
• 2026-02-15 Price Changed $125,999 WFAOR
• 2026-01-12 Listed $129,900 WFAOR
• 2025-09-09 Price Changed $129,900 WFAOR
• 2025-07-24 Price Changed $139,900 WFAOR
• 2020-12-30 Sold (Public Records) — Public Records
• 2020-12-17 Sold (MLS) — WFAOR
• 2020-07-17 Listed $67,000 WFAOR

Property tax history

+9.8%/yr

Latest (2025): $2,650 · +9.9% YoY. Source: county tax records.