2207 Bridwell St · Wichita Falls, TX 76308

$50,000

1 bd · 1.0 ba · 546 sqft · SingleFamily public records · 359 Days on market

Built 1926 $92/sqft · 32% above area Est $38k · 32% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.5/5.0
• Rent growth +3.4/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Income producer property! This 1-bedroom home has a tenant in place paying $750. Recently remodeled, this is a very cute home with a formal dining and utility room. Fenced backyard with covered patio. Garage & carport. Great rental income.

Key facts

• Formal dining
• Utility room
• Covered patio

Tags

• FENCED BACKYARD
• COVERED PATIO
• FORMAL DINING
• UTILITY ROOM

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $286 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($808 rent vs $50k).
• Recommended offer: $44k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.2% vs local median 4.7% in Wichita Falls — 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 69/100 on livability (#437 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, employment D+, schools D.
• Wichita Falls ISD (urban): math 31% / reading 33% proficiency, ranked #585 of 826 in TX (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.8%/yr); 130 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 231 units permitted in Wichita County in 2024 (10 in 5+ unit buildings).
• This rent is only 13% of the median local income ($75k/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 $346 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Wichita County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.8% rent growth), your $14k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 359 days — a 12% lower offer ($44k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $44,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 359 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 1926 — 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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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.
8. 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.
9. 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: 1.62% ✓
• Cap rate: 13.16%
• Cash-on-cash: 24.51%
• DSCR: 2.09
• GRM: 5.2

CMA / ARV

• ARV (median comp): $37,819
• List price: $50,000
• Delta: 32.21%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.77% rent growth · sell at horizon

5-year hold

• IRR: 18.8%
• Equity multiple: 1.77×
• Total profit: $10,757
• Equity at exit: $7,455

10-year hold

• IRR: 27.7%
• Equity multiple: 3.54×
• Total profit: $35,514
• Equity at exit: $4,323

Cash invested: $14,000 (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 76308

• Rents YoY: 3.8%
• Active inventory: 130
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $808 high
• Mortgage (P&I): −$262
• Tax from tax record: −$69 /mo · $834/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$170
• Net cashflow: $286

Break-even live

Break-even rent $446

Max offer price $50,000

Occupancy floor 60%

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1824 Collins Ave Wichita Falls, TX	1.0	1.0	750	$795	$1.06	44d	1	0.62mi
2003 Wilson Ave Unit 1/2 Wichita Falls, TX	1.0	1.0	680	$650	$0.96	44d	1	0.66mi
1604 Harrison St Wichita Falls, TX	1.0	1.0	360	$625	$1.74	44d	1	0.78mi
2007 10th St Unit B Wichita Falls, TX	1.0	1.0	744	$750	$1.01	44d	1	0.96mi
2147 Avenue E Apt C Wichita Falls, TX	1.0	1.0	475	$550	$1.16	44d	1	1.04mi
2202 Monroe St Rear Rear Wichita Falls, TX	1.0	1.0	484	$695	$1.44	44d	1	1.37mi
1710 Fillmore St Apt C Wichita Falls, TX	1.0	1.0	648	$625	$0.96	44d	1	1.37mi

Listing history 23 events

1. 2026-06-19
   days on market $50,000 Active 359 DOM
2. 2026-06-18
   days on market $50,000 Active 358 DOM
3. 2026-06-17
   days on market $50,000 Active 357 DOM
4. 2026-06-16
   days on market $50,000 Active 356 DOM
5. 2026-06-15
   days on market $50,000 Active 355 DOM
6. 2026-06-14
   days on market $50,000 Active 353 DOM
7. 2026-06-13
   days on market $50,000 Active 352 DOM
8. 2026-06-10
   days on market $50,000 Active 350 DOM
9. 2026-06-09
   days on market $50,000 Active 349 DOM
10. 2026-06-08
    days on market $50,000 Active 348 DOM
11. 2026-06-07
    days on market $50,000 Active 347 DOM
12. 2026-06-05
    days on market $50,000 Active 344 DOM
13. 2026-06-02
    days on market $50,000 Active 342 DOM
14. 2026-06-01
    days on market $50,000 Active 341 DOM
15. 2026-05-31
    days on market $50,000 Active 340 DOM
16. 2026-05-30
    days on market $50,000 Active 339 DOM
17. 2026-05-18
    status Active 245-char remark

    Show marketing remark (245 chars)

    Income producer property! This 1-bedroom home has a tenant in place paying $750. Recently remodeled, this is a very cute home with a formal dining and utility room. Fenced backyard with covered patio. Garage & carport. Great rental income.

18. 2026-05-13
    historical 245-char remark

    Show marketing remark (245 chars)

    Income producer property! This 1-bedroom home has a tenant in place paying $750. Recently remodeled, this is a very cute home with a formal dining and utility room. Fenced backyard with covered patio. Garage & carport. Great rental income.

19. 2025-10-02
    status Active 245-char remark

    Show marketing remark (245 chars)

    Income producer property! This 1-bedroom home has a tenant in place paying $750. Recently remodeled, this is a very cute home with a formal dining and utility room. Fenced backyard with covered patio. Garage & carport. Great rental income.

20. 2025-08-06
    historical 245-char remark

    Show marketing remark (245 chars)

    Income producer property! This 1-bedroom home has a tenant in place paying $750. Recently remodeled, this is a very cute home with a formal dining and utility room. Fenced backyard with covered patio. Garage & carport. Great rental income.

21. 2025-04-24
    listed $50,000 Active 245-char remark

    Show marketing remark (245 chars)

    Income producer property! This 1-bedroom home has a tenant in place paying $750. Recently remodeled, this is a very cute home with a formal dining and utility room. Fenced backyard with covered patio. Garage & carport. Great rental income.

22. 2024-05-11
    historical $725
23. 2024-04-23
    listed $725

ⓘ 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: $834 · $69/mo
• Projected year-2 tax: $915 · $76/mo
• Expected delta: +$81/yr (+$7/mo · 9.8%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 8% 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: $9,698
• − Mortgage interest: −$2,801
• − Property taxes: −$834
• − Insurance: −$250
• − Repairs & maintenance: −$776
• − Management: −$776
• − Depreciation: −$1,455
• Taxable income: $2,807
• Est. tax owed @ 24.0%: −$674
• After-tax cash flow: $2,758/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: Wichita Falls ISD
• NCES district ID: 4845780
• Math proficiency: 31% ▼ -10.00%
• Reading proficiency: 33% ▼ -7.00%
• Median HH income: $41,604
• Composite: 27.06/100
• National rank: #7051
• State rank: #585 of 826 in TX

Livability — Wichita Falls

• Score: 69/100
• State rank: #437
• US rank: #8940

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wichita Falls, TX
• County: Wichita County · 95,694 people
• City population: 95,694
• Metro: Wichita Falls, TX
• Population (ZIP): 21,896
• Household income: $74,772
• Rent vs Own: 47.7% rent · 52.3% own
• Severe rent burden: 708.0

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 (72%)
• Race & ethnicity: White 72% Hispanic / Latino 16% Black 9% Two or more races 7% Asian 1%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Serbian 2% Italian 2% Slovak 1%
• Foreign-born: 6% · Canada
• Languages at home: 90% English-only · Spanish 6% Arabic 1% German/W. Germanic 1%

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: ▼ -118.47%
• Current HPI: 177.1989
• Rent YoY: ▲ 3.77%
• Metro: Wichita Falls, 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

7 events — show timeline

• 2026-05-18 Relisted — WFAOR
• 2026-05-13 Delisted — WFAOR
• 2025-10-02 Relisted — WFAOR
• 2025-08-06 Delisted — WFAOR
• 2025-04-24 Listed $50,000 WFAOR
• 2024-05-11 Rental Removed $725 BUILDIUM
• 2024-04-23 Listed for Rent $725 BUILDIUM

Property tax history

+5.3%/yr

Latest (2025): $834 · +4.2% YoY. Source: county tax records.