917 Martin St · Kermit, TX 79745

$129,000

3 bd · 1.0 ba · 1,828 sqft · SingleFamily public records · 247 Days on market

Built 1960 5,357 sqft lot $71/sqft · 16% below area Est $154k · 16% 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 +26.7/30.0
• ARV discount +14.9/15.0
• Appreciation +10.0/10.0
• DSCR +9.1/10.0
• 1% rule +7.3/10.0
• Livability +3.1/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Cute Kermit home with plenty of room! Two living areas to enjoy, one featuring a fireplace. 3 bedrooms and 2 full bathrooms. Huge laundry room that could double as an office, storage or additional room. Fenced front and back yards. Plenty of covered parking under the carport. Make this home yours!

Key facts

• Covered parking
• Laundry room
• Fenced yards

Tags

• FIREPLACE
• LAUNDRY ROOM
• FENCED YARDS
• COVERED PARKING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $129k.

Deal economics

• At list price, monthly cash flow is $347 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $129k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#925 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety C-, schools F, amenities F.
• Kermit ISD (town): math 31% / reading 30% proficiency, ranked #602 of 826 in TX (top 73%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 19 active listings in the ZIP.

Forward outlook

• In year one you build about $14k of equity ($892 loan paydown + $13k appreciation (10.0% local appreciation)).
• Winkler County population projected at +67% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 247 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $16k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $95k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 5→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $113,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 247 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 1960 — 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 F-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: 1.23% ✓
• Cap rate: 9.52%
• Cash-on-cash: 11.54%
• DSCR: 1.51
• GRM: 6.8

CMA / ARV

• ARV (median comp): $154,232
• List price: $129,000
• Delta: -16.36%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 32.7%
• Equity multiple: 3.56×
• Total profit: $92,402
• Equity at exit: $116,213

10-year hold

• IRR: 28.3%
• Equity multiple: 8.05×
• Total profit: $254,777
• Equity at exit: $250,619

Cash invested: $36,120 (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 79745

• Home prices YoY: 4.7%
• Active inventory: 19
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,580 medium
• Mortgage (P&I): −$676
• Tax from tax record: −$171 /mo · $2,052/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$332
• Net cashflow: $347

Break-even live

Break-even rent $1,141

Max offer price $129,000

Occupancy floor 73%

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-19
   days on market $129,000 Active 247 DOM
2. 2026-06-18
   days on market $129,000 Active 246 DOM
3. 2026-06-17
   days on market $129,000 Active 245 DOM
4. 2026-06-16
   days on market $129,000 Active 244 DOM
5. 2026-06-15
   days on market $129,000 Active 243 DOM
6. 2026-06-08
   days on market $129,000 Active 241 DOM
7. 2026-06-07
   days on market $129,000 Active 240 DOM
8. 2026-06-05
   days on market $129,000 Active 238 DOM
9. 2026-06-04
   days on market $129,000 Active 236 DOM
10. 2026-06-02
    days on market $129,000 Active 235 DOM
11. 2026-06-01
    days on market $129,000 Active 234 DOM
12. 2026-05-31
    days on market $129,000 Active 233 DOM
13. 2026-05-31
    days on market $129,000 Active 232 DOM
14. 2026-03-03
    status Active 298-char remark

    Show marketing remark (298 chars)

    Cute Kermit home with plenty of room! Two living areas to enjoy, one featuring a fireplace. 3 bedrooms and 2 full bathrooms. Huge laundry room that could double as an office, storage or additional room. Fenced front and back yards. Plenty of covered parking under the carport. Make this home yours!

15. 2026-03-03
    price $129,000 298-char remark

    Show marketing remark (298 chars)

    Cute Kermit home with plenty of room! Two living areas to enjoy, one featuring a fireplace. 3 bedrooms and 2 full bathrooms. Huge laundry room that could double as an office, storage or additional room. Fenced front and back yards. Plenty of covered parking under the carport. Make this home yours!

16. 2026-03-01
    historical 298-char remark

    Show marketing remark (298 chars)

    Cute Kermit home with plenty of room! Two living areas to enjoy, one featuring a fireplace. 3 bedrooms and 2 full bathrooms. Huge laundry room that could double as an office, storage or additional room. Fenced front and back yards. Plenty of covered parking under the carport. Make this home yours!

17. 2025-11-04
    price $137,000 298-char remark

    Show marketing remark (298 chars)

    Cute Kermit home with plenty of room! Two living areas to enjoy, one featuring a fireplace. 3 bedrooms and 2 full bathrooms. Huge laundry room that could double as an office, storage or additional room. Fenced front and back yards. Plenty of covered parking under the carport. Make this home yours!

18. 2025-10-08
    listed $145,000 Active 298-char remark

    Show marketing remark (298 chars)

    Cute Kermit home with plenty of room! Two living areas to enjoy, one featuring a fireplace. 3 bedrooms and 2 full bathrooms. Huge laundry room that could double as an office, storage or additional room. Fenced front and back yards. Plenty of covered parking under the carport. Make this home yours!

19. 2019-02-21
    soldstatus $95,000

ⓘ 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: $2,052 · $171/mo
• Projected year-2 tax: $2,361 · $197/mo
• Expected delta: +$308/yr (+$26/mo · 15.0%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate 16% chance over 30 yrs
• 🔥 Wildfire 9/10 Extreme
• 🌡 Heat 6/10 Major 5 d/yr ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $18,964
• − Mortgage interest: −$7,226
• − Property taxes: −$2,052
• − Insurance: −$645
• − Repairs & maintenance: −$1,517
• − Management: −$1,517
• − Depreciation: −$3,753
• Taxable income: $2,254
• Est. tax owed @ 24.0%: −$541
• After-tax cash flow: $3,626/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: Kermit ISD
• NCES district ID: 4825560
• Math proficiency: 31% ▲ 12.00%
• Reading proficiency: 30% ▲ 8.00%
• Median HH income: $48,332
• Composite: 26.47/100
• National rank: #7215
• State rank: #602 of 826 in TX

Livability — Kermit

• Score: 62/100
• State rank: #925
• US rank: #16453

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kermit, TX
• Population (ZIP): 6,160

Population outlook (Winkler County) Hauer SSP2

• Today (2025): 10,019 people
• By 2030: 11,177 · +11.6%
• By 2040: 13,746 · +37.2%
• By 2050: 16,734 · +67.0%
• By 2075: 24,573 · +145.3%
• By 2100: 30,264 · +202.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (71%)
• Race & ethnicity: Hispanic / Latino 71% White 23% Two or more races 21% Black 4% Native American 3%
• Hispanic origin (detail): Mexican 65% Cuban 2%
• Common ancestry: Lithuanian 2%
• Foreign-born: 17% · Canada
• Languages at home: 45% English-only · Spanish 55%

Political lean MEDSL · Winkler

• 2024 margin: Solid R (+70.5) · D 14.7% · R 85.2%
• 2008→2024 swing: -18.8pp toward R · 2008: -51.8pp · 2024: -70.5pp
• All cycles: 2024: R+70.5 2020: R+65.6 2016: R+52.5 2012: R+53.5 2008: R+51.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 10.52%
• Current HPI: 233.1436
• 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

+35.8% since first listed

6 events — show timeline

• 2026-03-03 Relisted — ODMLS
• 2026-03-03 Price Changed $129,000 ODMLS
• 2026-03-01 Delisted — ODMLS
• 2025-11-04 Price Changed $137,000 ODMLS
• 2025-10-08 Listed $145,000 ODMLS
• 2019-02-21 Sold (Public Records) $95,000 Public Records

Property tax history

+10.5%/yr

Latest (2025): $2,052 · +20.2% YoY. Source: county tax records.