1214 E Broadway St · Brownfield, TX 79316

$118,000

3 bd · 2.0 ba · 1,936 sqft · SingleFamily public records · 112 Days on market

Built 1953 0.27 ac lot

---

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 +19.6/30.0
• ARV discount +7.5/15.0
• 1% rule +7.0/10.0
• DSCR +6.2/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this 3 bedroom, 2 bath home with a 2-car attached garage. This home would be a great investment property with just under 2000 square feet and a newer roof. The home offers an open concept kitchen/dining and family room, a great space for entertaining. The kitchen has plenty of cabinets and counterspace. Also featuring a brick fireplace in the living area. This home offers a second living area, office, kid's space; whichever fits your needs. The primary bedroom is a great size with a large closet and its own bathroom. The other bedrooms are great sizes with large closets. Original hardwood flooring in the bedrooms and second living area. Step outside to the large backyard that would be great for family gatherings.

Key facts

• Open concept kitchen
• Brick fireplace
• Large backyard

Tags

• OPEN CONCEPT KITCHEN
• BRICK FIREPLACE
• LARGE BACKYARD
• ORIGINAL HARDWOOD FLOORING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $118k.

Deal economics

• At list price, monthly cash flow is $136 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $118k).
• Recommended offer: $107k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 71/100 on livability (#298 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D+, amenities D, schools F.
• Brownfield ISD (town): math 26% / reading 27% proficiency, ranked #704 of 826 in TX (top 85%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 91 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 2 units permitted in Terry County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $816 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Terry County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 112 days — a 9% lower offer ($107k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $17k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price; built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $107,380 (9.0% below list)

Questions for the listing agent

1. It's been on market 112 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 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. 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.
9. 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.
10. 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: 1.20% ✓
• Cap rate: 7.68%
• Cash-on-cash: 4.94%
• DSCR: 1.22
• GRM: 6.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -8.5%
• Equity multiple: 0.69×
• Total profit: $-10,328
• Equity at exit: $17,594

10-year hold

• IRR: 1.1%
• Equity multiple: 1.08×
• Total profit: $2,680
• Equity at exit: $10,202

Cash invested: $33,040 (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 79316

• Active inventory: 91
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,421 medium
• Mortgage (P&I): −$619
• Tax from tax record: −$319 /mo · $3,822/yr
• Insurance: −$49
• HOA: −$0
• Vacancy / Maint / Mgmt: −$298
• Net cashflow: $136

Break-even live

Break-even rent $1,249

Max offer price $118,000

Occupancy floor 85%

Sensitivity live

Price	-10% $203	-5% $169	+0% $136	+5% $103	+10% $69
Rent	-10% $24	-5% $80	+0% $136	+5% $192	+10% $248
Rate	-1.0pp $195	-0.5pp $166	base $136	+0.5pp $105	+1.0pp $74

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: $29,500
• Closing costs: $3,540
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1006 E Lons St Brownfield, TX	3.0	2.0	1356	$1,050	$0.77	44d	1	0.43mi
1707 Gillham Dr Brownfield, TX	3.0	2.0	2064	$1,800	$0.87	44d	1	0.59mi

Listing history 24 events

1. 2026-06-21
   days on market $118,000 Active 112 DOM
2. 2026-06-18
   days on market $118,000 Active 110 DOM
3. 2026-06-17
   days on market $118,000 Active 109 DOM
4. 2026-06-16
   days on market $118,000 Active 108 DOM
5. 2026-06-15
   days on market $118,000 Active 107 DOM
6. 2026-06-13
   days on market $118,000 Active 105 DOM
7. 2026-06-12
   days on market $118,000 Active 104 DOM
8. 2026-06-09
   days on market $118,000 Active 101 DOM
9. 2026-06-08
   days on market $118,000 Active 100 DOM
10. 2026-06-08
    days on market $118,000 Active 99 DOM
11. 2026-06-07
    days on market $118,000 Active 98 DOM
12. 2026-06-03
    days on market $118,000 Active 95 DOM
13. 2026-06-02
    days on market $118,000 Active 94 DOM
14. 2026-06-01
    days on market $118,000 Active 93 DOM
15. 2026-05-31
    days on market $118,000 Active 92 DOM
16. 2026-04-24
    price $118,000 733-char remark

    Show marketing remark (733 chars)

    Welcome to this 3 bedroom, 2 bath home with a 2-car attached garage. This home would be a great investment property with just under 2000 square feet and a newer roof. The home offers an open concept kitchen/dining and family room, a great space for entertaining. The kitchen has plenty of cabinets and counterspace. Also featuring a brick fireplace in the living area. This home offers a second living area, office, kid's space; whichever fits your needs. The primary bedroom is a great size with a large closet and its own bathroom. The other bedrooms are great sizes with large closets. Original hardwood flooring in the bedrooms and second living area. Step outside to the large backyard that would be great for family gatherings.

17. 2026-04-10
    price $128,000 733-char remark

    Show marketing remark (733 chars)

    Welcome to this 3 bedroom, 2 bath home with a 2-car attached garage. This home would be a great investment property with just under 2000 square feet and a newer roof. The home offers an open concept kitchen/dining and family room, a great space for entertaining. The kitchen has plenty of cabinets and counterspace. Also featuring a brick fireplace in the living area. This home offers a second living area, office, kid's space; whichever fits your needs. The primary bedroom is a great size with a large closet and its own bathroom. The other bedrooms are great sizes with large closets. Original hardwood flooring in the bedrooms and second living area. Step outside to the large backyard that would be great for family gatherings.

18. 2026-02-28
    listed $135,000 Active 733-char remark

    Show marketing remark (733 chars)

    Welcome to this 3 bedroom, 2 bath home with a 2-car attached garage. This home would be a great investment property with just under 2000 square feet and a newer roof. The home offers an open concept kitchen/dining and family room, a great space for entertaining. The kitchen has plenty of cabinets and counterspace. Also featuring a brick fireplace in the living area. This home offers a second living area, office, kid's space; whichever fits your needs. The primary bedroom is a great size with a large closet and its own bathroom. The other bedrooms are great sizes with large closets. Original hardwood flooring in the bedrooms and second living area. Step outside to the large backyard that would be great for family gatherings.

19. 2024-05-06
    soldstatus Closed 253-char remark

    Show marketing remark (253 chars)

    Prime investment property with tenants in place! This cozy 3-bed, 2-bath home provides hassle-free income with reliable occupants. This home has a modern, open concept, spacious living area, and a huge backyard. Don't miss out on this great opportunity!

20. 2024-04-10
    status Pending 253-char remark

    Show marketing remark (253 chars)

    Prime investment property with tenants in place! This cozy 3-bed, 2-bath home provides hassle-free income with reliable occupants. This home has a modern, open concept, spacious living area, and a huge backyard. Don't miss out on this great opportunity!

21. 2024-03-27
    listed $115,000 Active 253-char remark

    Show marketing remark (253 chars)

    Prime investment property with tenants in place! This cozy 3-bed, 2-bath home provides hassle-free income with reliable occupants. This home has a modern, open concept, spacious living area, and a huge backyard. Don't miss out on this great opportunity!

22. 2009-06-04
    soldstatus
23. 2006-05-22
    soldstatus
24. 1995-03-17
    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: $3,822 · $319/mo
• Projected year-2 tax: $3,822 · $319/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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $17,052
• − Mortgage interest: −$6,610
• − Property taxes: −$3,822
• − Insurance: −$590
• − Repairs & maintenance: −$1,364
• − Management: −$1,364
• − Depreciation: −$3,433
• Taxable loss: −$132
• Est. tax savings @ 24.0%: +$32
• After-tax cash flow: $1,664/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: Brownfield ISD
• NCES district ID: 4811610
• Math proficiency: 26% ▼ -11.00%
• Reading proficiency: 27% ▲ 1.00%
• Median HH income: $37,385
• Composite: 22.1/100
• National rank: #8180
• State rank: #704 of 826 in TX

Livability — Brownfield

• Score: 71/100
• State rank: #298
• US rank: #6822

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Brownfield, TX
• Population (ZIP): 9,907

Population outlook (Terry County) Hauer SSP2

• Today (2025): 13,220 people
• By 2030: 13,500 · +2.1%
• By 2040: 14,327 · +8.4%
• By 2050: 15,340 · +16.0%
• By 2075: 18,459 · +39.6%
• By 2100: 20,433 · +54.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (57%)
• Race & ethnicity: Hispanic / Latino 57% White 37% Two or more races 32% Black 5%
• Hispanic origin (detail): Mexican 47%
• Common ancestry: Italian 2% Slovak 1% German 1%
• Foreign-born: 8% · Canada
• Languages at home: 63% English-only · Spanish 34% German/W. Germanic 2%

Political lean MEDSL · Terry

• 2024 margin: Solid R (+65.2) · D 17.2% · R 82.3%
• 2008→2024 swing: -30.1pp toward R · 2008: -35.0pp · 2024: -65.2pp
• All cycles: 2024: R+65.2 2020: R+56.9 2016: R+49.4 2012: R+41.6 2008: R+35.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -65.34%
• Current HPI: 104.1813
• 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

+2.6% since first listed

9 events — show timeline

• 2026-04-24 Price Changed $118,000 LARMLS
• 2026-04-10 Price Changed $128,000 LARMLS
• 2026-02-28 Listed $135,000 LARMLS
• 2024-05-06 Sold (MLS) — LARMLS
• 2024-04-10 Pending — LARMLS
• 2024-03-27 Listed $115,000 LARMLS
• 2009-06-04 Sold (Public Records) — Public Records
• 2006-05-22 Sold (Public Records) — Public Records
• 1995-03-17 Sold (Public Records) — Public Records

Property tax history

+8.7%/yr

Latest (2025): $3,822 · +8.1% YoY. Source: county tax records.