1426 S Main St · Canadian, TX 79014

$72,000

2 bd · 1.0 ba · 1,104 sqft · SingleFamily public records · 114 Days on market

Built 1947 8,960 sqft lot $65/sqft · 61% below area ↓ 4% since listing

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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 +28.2/30.0
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• ARV discount +7.5/15.0
• Appreciation +7.1/10.0
• Schools +4.0/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Built in 1947 and formerly a bed and breakfast, this charming property is full of character and flexible spaces. One bedroom can easily serve as a multipurpose room, guest suite, office, or hobby area, giving you options to fit your lifestyle. Dedicated utility room for added convenience. Original wood floors run through most of the home, adding warmth and timeless appeal, while the back room features durable cement flooring. The layout offers comfortable living spaces filled with natural light and inviting charm. Outside you'll find a unique detached metal one-car garage, wooden fenced backyard, storage shed, covered cement patio with a root cellar underneath, mature trees, established flower beds, and a welcoming covered front porch perfect for quiet mornings or relaxing evenings.

Key facts

• Covered cement patio
• Multipurpose room
• Storage shed

Tags

• MULTIPURPOSE ROOM
• DEDICATED UTILITY ROOM
• DETACHED METAL GARAGE
• WOODEN FENCED BACKYARD
• STORAGE SHED
• COVERED CEMENT PATIO

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $72k.

Deal economics

• At list price, monthly cash flow is $228 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($970 rent vs $72k).
• Recommended offer: $66k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 71/100 on livability (#316 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: amenities F, commute F, health & safety F.
• Canadian ISD (town): math 44% / reading 48% proficiency, ranked #229 of 826 in TX (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 26 active listings in the ZIP.

Forward outlook

• In year one you build about $4k of equity ($498 loan paydown + $3k appreciation (4.2% local appreciation)).
• Hemphill County population projected at +62% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (4.2% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 114 days — a 9% lower offer ($66k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $65,520 (9.0% below list)

Questions for the listing agent

1. It's been on market 114 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1947 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.35% ✓
• Cap rate: 10.10%
• Cash-on-cash: 13.60%
• DSCR: 1.60
• GRM: 6.2

CMA / ARV

• ARV (median comp): $185,867
• List price: $72,000
• Delta: -61.26%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

4.18% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 22.9%
• Equity multiple: 2.38×
• Total profit: $27,851
• Equity at exit: $37,258

10-year hold

• IRR: 22.9%
• Equity multiple: 4.64×
• Total profit: $73,438
• Equity at exit: $61,548

Cash invested: $20,160 (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 79014

• Home prices YoY: 3.8%
• Active inventory: 26
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $970 medium
• Mortgage (P&I): −$378
• Tax from tax record: −$130 /mo · $1,564/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$204
• Net cashflow: $228

Break-even live

Break-even rent $681

Max offer price $72,000

Occupancy floor 71%

Sensitivity live

Price	-10% $269	-5% $249	+0% $228	+5% $208	+10% $188
Rent	-10% $152	-5% $190	+0% $228	+5% $267	+10% $305
Rate	-1.0pp $265	-0.5pp $247	base $228	+0.5pp $210	+1.0pp $191

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: $18,000
• Closing costs: $2,160
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-21
   days on market $72,000 Active 114 DOM
2. 2026-06-18
   days on market $72,000 Active 112 DOM
3. 2026-06-17
   days on market $72,000 Active 111 DOM
4. 2026-06-16
   days on market $72,000 Active 110 DOM
5. 2026-06-15
   days on market $72,000 Active 109 DOM
6. 2026-06-13
   days on market $72,000 Active 107 DOM
7. 2026-06-12
   days on market $72,000 Active 106 DOM
8. 2026-06-09
   days on market $72,000 Active 103 DOM
9. 2026-06-08
   days on market $72,000 Active 102 DOM
10. 2026-06-08
    days on market $72,000 Active 101 DOM
11. 2026-06-07
    days on market $72,000 Active 100 DOM
12. 2026-06-03
    days on market $72,000 Active 97 DOM
13. 2026-06-02
    days on market $72,000 Active 96 DOM
14. 2026-06-01
    days on market $72,000 Active 95 DOM
15. 2026-05-31
    days on market $72,000 Active 94 DOM
16. 2026-04-30
    price $72,000 793-char remark

    Show marketing remark (793 chars)

    Built in 1947 and formerly a bed and breakfast, this charming property is full of character and flexible spaces. One bedroom can easily serve as a multipurpose room, guest suite, office, or hobby area, giving you options to fit your lifestyle. Dedicated utility room for added convenience. Original wood floors run through most of the home, adding warmth and timeless appeal, while the back room features durable cement flooring. The layout offers comfortable living spaces filled with natural light and inviting charm. Outside you'll find a unique detached metal one-car garage, wooden fenced backyard, storage shed, covered cement patio with a root cellar underneath, mature trees, established flower beds, and a welcoming covered front porch perfect for quiet mornings or relaxing evenings.

17. 2026-02-25
    listed $75,000 Active 793-char remark

    Show marketing remark (793 chars)

    Built in 1947 and formerly a bed and breakfast, this charming property is full of character and flexible spaces. One bedroom can easily serve as a multipurpose room, guest suite, office, or hobby area, giving you options to fit your lifestyle. Dedicated utility room for added convenience. Original wood floors run through most of the home, adding warmth and timeless appeal, while the back room features durable cement flooring. The layout offers comfortable living spaces filled with natural light and inviting charm. Outside you'll find a unique detached metal one-car garage, wooden fenced backyard, storage shed, covered cement patio with a root cellar underneath, mature trees, established flower beds, and a welcoming covered front porch perfect for quiet mornings or relaxing evenings.

18. 2017-03-09
    soldstatus
19. 1997-08-22
    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: $1,564 · $130/mo
• Projected year-2 tax: $1,564 · $130/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 0% chance over 30 yrs
• 🔥 Wildfire 9/10 Extreme
• 🌡 Heat 5/10 Major 7 d/yr ≥103°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,640
• − Mortgage interest: −$4,033
• − Property taxes: −$1,564
• − Insurance: −$360
• − Repairs & maintenance: −$931
• − Management: −$931
• − Depreciation: −$2,095
• Taxable income: $1,726
• Est. tax owed @ 24.0%: −$414
• After-tax cash flow: $2,327/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: Canadian ISD
• NCES district ID: 4812700
• Math proficiency: 44% ▼ -21.00%
• Reading proficiency: 48% ▼ -10.00%
• Median HH income: $58,018
• Composite: 40.23/100
• National rank: #3776
• State rank: #229 of 826 in TX

Livability — Canadian

• Score: 71/100
• State rank: #316
• US rank: #7053

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Canadian, TX
• Population (ZIP): 3,252

Population outlook (Hemphill County) Hauer SSP2

• Today (2025): 5,290 people
• By 2030: 5,848 · +10.5%
• By 2040: 7,117 · +34.5%
• By 2050: 8,567 · +61.9%
• By 2075: 12,560 · +137.4%
• By 2100: 15,571 · +194.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (63%)
• Race & ethnicity: White 63% Hispanic / Latino 34% Two or more races 11%
• Hispanic origin (detail): Mexican 33%
• Common ancestry: Slovak 3% Serbian 1% Iranian 1%
• Foreign-born: 15% · Canada
• Languages at home: 69% English-only · Spanish 31%

Political lean MEDSL · Hemphill

• 2024 margin: Solid R (+75.8) · D 11.8% · R 87.6%
• 2008→2024 swing: -3.9pp toward R · 2008: -71.9pp · 2024: -75.8pp
• All cycles: 2024: R+75.8 2020: R+74.4 2016: R+75.8 2012: R+73.3 2008: R+71.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.18%
• Current HPI: 114.0348
• 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

-4.0% since first listed

4 events — show timeline

• 2026-04-30 Price Changed $72,000 AARMLS
• 2026-02-25 Listed $75,000 AARMLS
• 2017-03-09 Sold (Public Records) — Public Records
• 1997-08-22 Sold (Public Records) — Public Records

Property tax history

+1.8%/yr

Latest (2025): $1,564 · +1.5% YoY. Source: county tax records.