1424 Sunset Dr · Baird, TX 79504

$179,900

3 bd · 2.0 ba · 1,683 sqft · SingleFamily public records · 13 Days on market

Built 1976 0.32 ac lot $107/sqft · 11% below area Est $201k · 11% 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 +27.7/30.0
• ARV discount +12.3/15.0
• DSCR +9.8/10.0
• Appreciation +8.9/10.0
• 1% rule +8.2/10.0
• Livability +3.7/5.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Spacious 3-bedroom, 2-bath home offering an abundance of functional living space and versatility! This property features both a 2-car attached carport and 2-stall attached garage, providing ample covered parking, storage, and workspace options. Inside, you’ll find a formal dining area plus a breakfast area for added dining flexibility. The galley-style kitchen offers electric appliances, ample cabinetry, and convenient access to the breakfast area. Just off the kitchen is a laundry room with additional storage for added functionality. The large living room is centered around a stunning floor-to-ceiling brick wood-burning fireplace, creating a warm and inviting focal point. Spacious be

Key facts

• 0.32 acre lot
• 2 garage spots
• Built 1976

Property features AI

Finance

• HOA & community: No association

Exterior

• Parking: Attached 2-car garage (garage faces front) with 2 garage doors; Attached carport; Covered parking for 4 vehicles; Driveway; Alley access
• Security: Smoke detectors
• Utilities: City water; City sewer; Not in a municipal utility district
• Home design: Single-family residence; One-story; Not attached to other properties
• Construction: Brick construction; Composition roof; Slab foundation; Built in 1976
• Exterior features: Covered rear porch; Covered porches; Outdoor storage; Guest house; Wood privacy fencing in back yard; Large backyard with grass; Few trees; Interior lot in a subdivision; Cul-de-sac lot

Interior

• Kitchen: Dishwasher; Electric cooktop; Electric oven; Vented exhaust fan; Eat-in kitchen
• Bedrooms: 3 bedrooms (primary bedroom on main level with ensuite bath, linen closet, medicine cabinet, separate shower, and walk-in closet)
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Cable TV available; Eat-in kitchen; High-speed internet available; Wood paneling; Fireplace in living room (wood burning)
• Laundry & utility: Utility room with washer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $545 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).

Location & tenants

• Location reads 74/100 on livability (#195 in TX, #4,977 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, amenities F, commute F.
• Baird ISD (rural): math 40% / reading 40% proficiency, ranked #731 of 1,141 in TX (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Baird El (math 47% / reading 37%, grade F, #1,335 of 4,322 statewide, top 33%, 169 students, 57% FRL).
• Market conditions: 20 active listings in the ZIP; 11 units permitted in Callahan County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $15k of equity ($1k loan paydown + $14k appreciation (7.7% local appreciation)).
• Callahan County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (7.7% appreciation + 3.0% rent growth), your $50k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $179,900

Questions for the listing agent

1. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.32% ✓
• Cap rate: 9.93%
• Cash-on-cash: 12.98%
• DSCR: 1.58
• GRM: 6.3

CMA / ARV

• ARV (median comp): $201,377
• List price: $179,900
• Delta: -10.66%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1409 Mesa Dr	0.12mi	4/2.0 (+1)	1,745 (+4%)	6mo	$250,000	$143	78
1433 Sunset Dr	0.18mi	3/2.0	1,713 (+2%)	14mo	$246,900	$144	77
16 Saddle Rdg	0.53mi	3/2.0	1,690 (+0%)	20mo	$320,000	$189	58
533 Thelma Ave	0.53mi	3/2.0	1,576 (-6%)	12mo	$169,900	$108	54

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

Projected returns pro-forma

7.74% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 29.6%
• Equity multiple: 3.10×
• Total profit: $105,923
• Equity at exit: $133,510

10-year hold

• IRR: 26.6%
• Equity multiple: 6.59×
• Total profit: $281,665
• Equity at exit: $262,054

Cash invested: $50,372 (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 79504

• Home prices YoY: 5.0%
• Active inventory: 20
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $2,375 medium
• Mortgage (P&I): −$943
• Tax from tax record: −$313 /mo · $3,756/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$499
• Net cashflow: $545

Break-even live

Break-even rent $1,685

Max offer price $179,900

Occupancy floor 72%

Sensitivity live

Price	-10% $647	-5% $596	+0% $545	+5% $494	+10% $443
Rent	-10% $357	-5% $451	+0% $545	+5% $639	+10% $732
Rate	-1.0pp $635	-0.5pp $591	base $545	+0.5pp $498	+1.0pp $451

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-05-09
   historical Active Option Contract 1718-char remark
2. 2026-05-06
   listed $179,900 Active 1718-char remark

ⓘ 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: $3,756 · $313/mo
• Projected year-2 tax: $3,756 · $313/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $28,498
• − Mortgage interest: −$10,077
• − Property taxes: −$3,756
• − Insurance: −$900
• − Repairs & maintenance: −$2,280
• − Management: −$2,280
• − Depreciation: −$5,233
• Taxable income: $3,973
• Est. tax owed @ 24.0%: −$954
• After-tax cash flow: $5,584/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: Baird ISD
• NCES district ID: 4809280
• Math proficiency: 40% ▲ 10.00%
• Reading proficiency: 40% ▲ 5.00%
• Median HH income: $43,351
• Composite: 36.29/100
• National rank: #9407
• State rank: #731 of 1141 in TX

Livability — Baird

• Score: 74/100
• State rank: #195
• US rank: #4977

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baird, TX
• Population (ZIP): 2,995

Population outlook (Callahan County) Hauer SSP2

• Today (2025): 13,664 people
• By 2030: 13,578 · -0.6%
• By 2040: 13,283 · -2.8%
• By 2050: 13,008 · -4.8%
• By 2075: 12,354 · -9.6%
• By 2100: 11,326 · -17.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 11% Two or more races 7% Black 2%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Italian 16% Slovak 2% Iranian 1%
• Foreign-born: 1% · Canada
• Languages at home: 94% English-only · Spanish 6%

Political lean MEDSL · Callahan

• 2024 margin: Solid R (+77.6) · D 10.9% · R 88.5%
• 2008→2024 swing: -15.9pp toward R · 2008: -61.7pp · 2024: -77.6pp
• All cycles: 2024: R+77.6 2020: R+77.3 2016: R+77.2 2012: R+69.8 2008: R+61.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.74%
• Current HPI: 161.9583
• 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

3 events — show timeline

• 2026-05-19 Pending — NTREIS
• 2026-05-09 Contingent — NTREIS
• 2026-05-06 Listed $179,900 NTREIS

Property tax history

+2.0%/yr

Latest (2025): $3,756 · +5.4% YoY. Source: county tax records.