307 W South St · Lindale, TX 75771

$145,000

3 bd · 1.0 ba · 1,190 sqft · SingleFamily public records · 37 Days on market

Built 1907 10,062 sqft lot $122/sqft · 27% below area Est $200k · 27% under

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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).

• ARV discount +15.0/15.0
• Cash flow +9.1/30.0
• Schools +5.9/10.0
• Livability +4.0/5.0
• 1% rule +3.2/10.0
• DSCR +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Charming older home in the heart of Lindale offering excellent potential for investors or buyers looking to add their own finishing touches. The roof is approximately 7 years old, and the exterior was freshly painted in 2026. Inside, you’ll find thoughtful updates including granite countertops, new backsplash, and updated kitchen cabinets, along with updated flooring and a refreshed bathroom. With a central location convenient to everything Lindale has to offer, this property presents a great opportunity as a fixer-upper, rental, or investment project.

Key facts

• 0.23 acre lot
• Built 1907
• Listed 37 days

Property features AI

Exterior

• Parking: Paved parking
• Utilities: Public water; Public sewer
• Home design: Single-family detached residence; Single story
• Construction: Brick veneer construction; Composition roof
• Exterior features: Porch; Wood fencing; Storage structure

Interior

• Kitchen: Dishwasher; Gas oven; Gas range; Microwave
• Flooring: Tile; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: No heating
• Interior features: Pantry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $-110 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $126k (13.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $118k (18.3% below list).
• Recommended offer: $118k (18.3% below list) — sets the bar for 1% rule.
• Cap rate 5.4% vs local median 3.1% in Lindale — 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 79/100 on livability (#52 in TX, #2,100 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Lindale ISD (town): math 71% / reading 66% proficiency, ranked #20 of 826 in TX (top 2%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Velma Penny El (math 67% / reading 67%, grade B+, #199 of 4,322 statewide, top 5%, 541 students, 48% FRL); Lindale J H (math 81% / reading 72%, grade A, #30 of 1,662 statewide, top 2%, 711 students, 44% FRL); Lindale H S (math 79% / reading 75%, grade A-, #60 of 1,632 statewide, top 4%, 1,265 students, 38% FRL).
• Market conditions: 640 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 595 units permitted in Smith County in 2024 (45 in 5+ unit buildings).
• This rent is only 15% of the median local income ($93k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Smith County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1907 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 52% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,458 (18.3% 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. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
3. Built in 1907 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.82% ✗
• Cap rate: 5.38%
• Cash-on-cash: -3.26%
• DSCR: 0.85
• GRM: 10.2

CMA / ARV

• ARV (median comp): $199,787
• List price: $145,000
• Delta: -27.42%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
204 Mount Sylvan St	0.14mi	3/1.0	1,196 (+0%)	5mo	$159,900	$134	89
505 S Boyd	0.17mi	2/1.0 (-1)	1,160 (-2%)	11mo	$209,900	$181	74
6037 Freedom Dr	0.22mi	3/2.0	1,264 (+6%)	10mo	$234,990	$186	67
313 Half St	0.33mi	3/2.0	1,175 (-1%)	17mo	$199,000	$169	64
704 Circle Dr	0.36mi	3/2.0	1,260 (+6%)	17mo	$227,500	$181	55
519 N College St	0.46mi	3/2.0	1,316 (+11%)	15mo	$209,900	$159	45
402 Mission Crest Cir	0.57mi	3/2.0	1,338 (+12%)	13mo	$268,995	$201	38

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -21.7%
• Equity multiple: 0.25×
• Total profit: $-30,477
• Equity at exit: $21,620

10-year hold

• IRR: -15.4%
• Equity multiple: 0.13×
• Total profit: $-35,402
• Equity at exit: $12,537

Cash invested: $40,600 (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 75771

• Home prices YoY: -30.6%
• Active inventory: 640
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,185 high
• Mortgage (P&I): −$760
• Tax from tax record: −$225 /mo · $2,704/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$249
• Net cashflow: $-110

Break-even live

Break-even rent $1,324

Max offer price $125,514

Occupancy floor —

Sensitivity live

Price	-10% $-28	-5% $-69	+0% $-110	+5% $-151	+10% $-192
Rent	-10% $-204	-5% $-157	+0% $-110	+5% $-64	+10% $-17
Rate	-1.0pp $-37	-0.5pp $-73	base $-110	+0.5pp $-148	+1.0pp $-186

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
300 Hilltop St Unit 29 Lindale, TX	2.0	1.0	870	$895	$1.03	15d	1	0.13mi
300 Hilltop St Unit 13 Lindale, TX	2.0	1.0	850	$875	$1.03	45d	1	0.13mi
300 Hilltop St Unit 16 Lindale, TX	2.0	1.0	870	$875	$1.01	15d	1	0.13mi
303 Cooper St Unit 13 Lindale, TX	2.0	1.0	850	$875	$1.03	45d	1	0.23mi
303 Cooper St Unit 16 Lindale, TX	2.0	1.0	870	$875	$1.01	15d	1	0.23mi
302 E South St Lindale, TX	2.0	1.0	990	$1,195	$1.21	15d	1	0.28mi
206 Cooper St Lindale, TX	2.0	1.0	1200	$1,400	$1.17	45d	1	0.29mi
527 N College St Lindale, TX	2.0	1.5	1267	$1,300	$1.03	45d	1	0.47mi
527 N College St Unit 13 Lindale, TX	2.0	1.5	1267	$1,395	$1.10	23d	1	0.47mi
602 E South St Unit 3 Lindale, TX	2.0	1.0	950	$1,200	$1.26	23d	1	0.55mi
14560 Tucker St Unit 11 Lindale, TX	2.0	1.0	719	$1,150	$1.60	45d	1	0.64mi
14560 Tucker St N Lindale, TX	2.0	1.0	719	$1,150	$1.60	23d	1	0.64mi
1238 Brad Cir Unit a Lindale, TX	2.0	1.5	825	$1,025	$1.24	23d	1	0.86mi
117 Legends Ct Lindale, TX	1.0–2.0	1.0	850	$1,625	$1.91	15d	6	1.06mi
15996 FM 849 Tyler, TX	2.0	1.0	1080	$1,425	$1.32	23d	1	1.11mi
13780 County Road 4198 Lindale, TX	3.0	2.0	1212	$1,500	$1.24	23d	1	1.17mi

Listing history 20 events

1. 2026-06-22
   days on market $145,000 Active 37 DOM
2. 2026-06-19
   days on market $145,000 Active 35 DOM
3. 2026-06-18
   days on market $145,000 Active 34 DOM
4. 2026-06-17
   days on market $145,000 Active 33 DOM
5. 2026-06-16
   days on market $145,000 Active 32 DOM
6. 2026-06-15
   days on market $145,000 Active 31 DOM
7. 2026-06-14
   days on market $145,000 Active 29 DOM
8. 2026-06-13
   days on market $145,000 Active 28 DOM
9. 2026-06-10
   days on market $145,000 Active 26 DOM
10. 2026-06-09
    days on market $145,000 Active 25 DOM
11. 2026-06-08
    days on market $145,000 Active 24 DOM
12. 2026-06-07
    days on market $145,000 Active 23 DOM
13. 2026-06-03
    days on market $145,000 Active 19 DOM
14. 2026-06-02
    days on market $145,000 Active 18 DOM
15. 2026-06-01
    days on market $145,000 Active 17 DOM
16. 2026-05-31
    days on market $145,000 Active 16 DOM
17. 2026-05-30
    days on market $145,000 Active 15 DOM
18. 2026-05-15
    listed $145,000 Active 564-char remark
19. 2026-02-19
    soldstatus
20. 2025-04-09
    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: $2,704 · $225/mo
• Projected year-2 tax: $2,704 · $225/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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥109°F today · 25 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 52% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,215
• − Mortgage interest: −$8,122
• − Property taxes: −$2,704
• − Insurance: −$725
• − Repairs & maintenance: −$1,137
• − Management: −$1,137
• − Depreciation: −$4,218
• Taxable loss: −$3,829
• Est. tax savings @ 24.0%: +$919
• After-tax cash flow: $-405/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: Lindale ISD
• NCES district ID: 4827510
• Math proficiency: 71% ▼ -2.00%
• Reading proficiency: 66% ▲ 4.00%
• Median HH income: $57,325
• Composite: 58.85/100
• National rank: #974
• State rank: #20 of 826 in TX

Livability — Lindale

• Score: 79/100
• State rank: #52
• US rank: #2100

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lindale, TX
• County: Smith County · 180,570 people
• City population: 21,238
• Metro: Tyler, TX
• Population (ZIP): 21,238
• Household income: $93,462
• Rent vs Own: 21.7% rent · 78.3% own
• Severe rent burden: 166.0

Population outlook (Smith County) Hauer SSP2

• Today (2025): 248,890 people
• By 2030: 261,665 · +5.1%
• By 2040: 286,114 · +15.0%
• By 2050: 308,006 · +23.8%
• By 2075: 354,171 · +42.3%
• By 2100: 372,828 · +49.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 9% Two or more races 6% Black 5% Asian 2%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Slovak 3% Serbian 2% Lithuanian 1%
• Foreign-born: 5% · Canada, China
• Languages at home: 93% English-only · Spanish 6%

Political lean MEDSL · Smith

• 2024 margin: Solid R (+45.1) · D 27.0% · R 72.1%
• 2008→2024 swing: -5.6pp toward R · 2008: -39.5pp · 2024: -45.1pp
• All cycles: 2024: R+45.1 2020: R+39.4 2016: R+43.9 2012: R+46.9 2008: R+39.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -88.40%
• Current HPI: 200.187
• Rent YoY: —
• Metro: Tyler, 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

3 events — show timeline

• 2026-05-15 Listed $145,000 GTAR
• 2026-02-19 Sold (Public Records) — Public Records
• 2025-04-09 Sold (Public Records) — Public Records

Property tax history

+7.6%/yr

Latest (2024): $2,704 · +19.4% YoY. Source: county tax records.