117, 121, 129 A, B, C & D Kalyn Rd · Huntsville, TX 77340

$448,500

3 bd · 2.0 ba · — sqft · MultiFamily · 74 Days on market

Built 2016 Fair condition 4.00 ac lot Est $445k · at est.

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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 +28.2/30.0
• DSCR +10.0/10.0
• 1% rule +7.8/10.0
• ARV discount +7.1/15.0
• Livability +3.2/5.0
• Rent growth +2.8/5.0
• Schools +2.6/10.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 1 unit. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

COMMERCIAL MULTI FAMILY INVESTMENT PROPERTY - 4 acres with 5 mobile homes and 1 bedroom cabin. Currently fully occupied, fenced area for horses or possible expansion.

Key facts

• Possible expansion
• 1 bedroom cabin
• 4 acres

Tags

• 4 ACRES
• 1 BEDROOM CABIN
• FENCED AREA FOR HORSES
• POSSIBLE EXPANSION

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath multifamily listed at $448k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $448k).
• Recommended offer: $422k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.1% vs local median 2.6% in Huntsville — 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 63/100 on livability (#825 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+; Watch: amenities C-, schools D-, crime D-.
• Huntsville ISD (town): math 25% / reading 37% proficiency, ranked #621 of 826 in TX (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.3%/yr); 600 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 527 units permitted in Walker County in 2024 (0 in 5+ unit buildings).
• At $5,720/mo this rent would consume 141% of the median local household income ($49k/yr) (locally 1961% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $13k of value loss. Plan a longer hold.
• Walker County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 74 days — a 6% lower offer ($422k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $421,590 (6.0% below list)

Questions for the listing agent

1. It's been on market 74 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.28% ✓
• Cap rate: 10.09%
• Cash-on-cash: 13.56%
• DSCR: 1.60
• GRM: 6.5

CMA / ARV

• ARV (median comp): $444,588
• List price: $448,500
• Delta: 0.88%
• Verdict: FAIR
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.27% rent growth · sell at horizon

5-year hold

• IRR: 1.7%
• Equity multiple: 1.06×
• Total profit: $8,019
• Equity at exit: $66,873

10-year hold

• IRR: 9.5%
• Equity multiple: 1.68×
• Total profit: $84,941
• Equity at exit: $38,778

Cash invested: $125,580 (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 77340

• Home prices YoY: -30.6%
• Rents YoY: 1.3%
• Active inventory: 600
• Price-to-rent: 39.2×

Monthly cashflow live

• Estimated rent: $5,720 medium
• Mortgage (P&I): −$2,352
• Tax est. 1.5%: −$561 /mo · $6,728/yr
• Insurance: −$187
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,201
• Net cashflow: $1,419

Break-even live

Break-even rent $3,923

Max offer price $448,500

Occupancy floor 70%

6-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 6× units	1	1	$5,718
Total (6 units)			$5,720

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: $112,125
• Closing costs: $13,455
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8 Jackson Rd Huntsville, TX	3.0	2.5	—	$1,250	—	44d	1	0.80mi

Listing history 18 events

1. 2026-06-19
   days on market $448,500 Active 74 DOM
2. 2026-06-18
   days on market $448,500 Active 73 DOM
3. 2026-06-17
   days on market $448,500 Active 72 DOM
4. 2026-06-16
   days on market $448,500 Active 71 DOM
5. 2026-06-15
   days on market $448,500 Active 70 DOM
6. 2026-06-14
   days on market $448,500 Active 68 DOM
7. 2026-06-13
   days on market $448,500 Active 67 DOM
8. 2026-06-10
   days on market $448,500 Active 65 DOM
9. 2026-06-09
   days on market $448,500 Active 64 DOM
10. 2026-06-08
    days on market $448,500 Active 63 DOM
11. 2026-06-07
    days on market $448,500 Active 62 DOM
12. 2026-06-05
    days on market $448,500 Active 59 DOM
13. 2026-06-03
    days on market $448,500 Active 58 DOM
14. 2026-06-02
    days on market $448,500 Active 57 DOM
15. 2026-06-01
    days on market $448,500 Active 56 DOM
16. 2026-05-31
    days on market $448,500 Active 55 DOM
17. 2026-05-30
    days on market $448,500 Active 54 DOM
18. 2026-04-06
    listed $448,500 Active 167-char remark

    Show marketing remark (167 chars)

    COMMERCIAL MULTI FAMILY INVESTMENT PROPERTY - 4 acres with 5 mobile homes and 1 bedroom cabin. Currently fully occupied, fenced area for horses or possible expansion.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥110°F today · 24 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% 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: $68,640
• − Mortgage interest: −$25,123
• − Property taxes: −$6,728
• − Insurance: −$2,242
• − Repairs & maintenance: −$5,491
• − Management: −$5,491
• − Depreciation: −$13,047
• Taxable income: $10,517
• Est. tax owed @ 24.0%: −$2,524
• After-tax cash flow: $14,508/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.

Condition & rehab AI · 13 photos

Fair 45/100 Moderate rehab

This multi-family property requires extensive repairs and maintenance, including roof, exterior siding, flooring, interior walls, landscaping, fencing, HVAC system, and foundation/structure. While the property is currently fully occupied, the repairs and updates would significantly increase its resale and rental value.

Repairs flagged

• Major roof — Visible damage and potential leaks.
• Major exterior siding — Peeling and in need of repainting.
• Major flooring — Worn and in need of replacement.
• Major interior walls/paint — Peeling paint and potential water damage.
• Major landscaping — Overgrown and in need of trimming and maintenance.
• Major fencing — In poor condition and may need repair or replacement.
• Major HVAC system — Old and may need replacement or repair.
• Major foundation/structure — In poor condition and may need repair or replacement.

Value-add opportunities

• Both Painting and repainting the exterior siding and interior walls — Improves curb appeal and interior aesthetics.
• Both Re-roofing the house — Fixes potential leaks and improves the overall appearance.
• Both Replacing the HVAC system — Improves comfort and energy efficiency.
• Both Landscaping and trimming the yard — Improves curb appeal and adds value to the property.
• Both Repairing and replacing the foundation and structure — Ensures the property is structurally sound and safe for occupants.

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · Visible damage and potential leaks.	Major	$15,000–50,000
exterior siding · Peeling and in need of repainting.	Major	$15,000–50,000
flooring · Worn and in need of replacement.	Major	$15,000–50,000
interior walls/paint · Peeling paint and potential water damage.	Major	$15,000–50,000
landscaping · Overgrown and in need of trimming and maintenance.	Major	$15,000–50,000
fencing · In poor condition and may need repair or replacement.	Major	$15,000–50,000
HVAC system · Old and may need replacement or repair.	Major	$15,000–50,000
foundation/structure · In poor condition and may need repair or replacement.	Major	$15,000–50,000
Total estimated repair cost · 8 items		$120,000–400,000

Value-add ROI direction

• Both Painting and repainting the exterior siding and interior walls — Improves curb appeal and interior aesthetics. ↑
• Both Re-roofing the house — Fixes potential leaks and improves the overall appearance. ↑
• Both Replacing the HVAC system — Improves comfort and energy efficiency. ↑
• Both Landscaping and trimming the yard — Improves curb appeal and adds value to the property. ↑
• Both Repairing and replacing the foundation and structure — Ensures the property is structurally sound and safe for occupants. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Huntsville ISD
• NCES district ID: 4824030
• Math proficiency: 25% ▼ -6.00%
• Reading proficiency: 37% ▼ -2.00%
• Median HH income: $36,597
• Composite: 25.71/100
• National rank: #7383
• State rank: #621 of 826 in TX

Livability — Huntsville

• Score: 63/100
• State rank: #825
• US rank: #14909

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Walker County · 75,669 people
• City population: 75,669
• Metro: Huntsville, TX
• Population (ZIP): 37,517
• Household income: $48,538
• Rent vs Own: 52.4% rent · 47.6% own
• Severe rent burden: 1961.0

Population outlook (Walker County) Hauer SSP2

• Today (2025): 77,602 people
• By 2030: 82,007 · +5.7%
• By 2040: 90,436 · +16.5%
• By 2050: 100,240 · +29.2%
• By 2075: 123,667 · +59.4%
• By 2100: 135,073 · +74.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 54% Black 20% Hispanic / Latino 19% Two or more races 10% Asian 2%
• Hispanic origin (detail): Mexican 16%
• Common ancestry: Italian 3% Lithuanian 2% Serbian 2%
• Foreign-born: 7% · Canada
• Languages at home: 83% English-only · Spanish 13% Other Asian/Pacific 1% Tagalog/Filipino 1%

Political lean MEDSL · Walker

• 2024 margin: Solid R (+40.0) · D 29.6% · R 69.6%
• 2008→2024 swing: -17.6pp toward R · 2008: -22.4pp · 2024: -40.0pp
• All cycles: 2024: R+40.0 2020: R+31.7 2016: R+34.5 2012: R+28.4 2008: R+22.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -80.44%
• Current HPI: 182.8905
• Rent YoY: ▲ 1.27%
• Metro: Huntsville, 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

1 event — show timeline

• 2026-04-06 Listed $448,500 HARMLS