828 Burma Rd · Wake Village, TX 75501

$140,000

3 bd · 1.0 ba · 1,186 sqft · SingleFamily public records · 81 Days on market

Built 1956 9,148 sqft lot $118/sqft · 44% above area Est $97k · 44% over

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Why this score? — see what drove the D 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 +18.1/30.0
• DSCR +5.7/10.0
• 1% rule +4.3/10.0
• Livability +4.0/5.0
• Schools +3.2/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tenant in place, rent flowing, and one of Texarkana's most desirable suburbs. This thoughtfully remodeled 3-bed, 1-bath home in Wake Village is a clean, low-maintenance asset that's already doing its job. Fresh updates throughout — new flooring, neutral paint, updated lighting, brand-new appliances, ample kitchen cabinetry, open living and dining flow, private yard, and outdoor parking. Everything has been done. Nothing left to fix. FOR HOMEOWNERS Wake Village is where people choose to stay — tree-lined streets, quiet community feel, Texarkana ISD schools, and quick access to Wright Patman Lake, Red River Army Depot, shopping, dining, and Interstate 369. This remodeled home is move-in ready and priced well below what comparable Wake Village homes command. Note: property is currently tenant occupied. Per the existing lease, the new owner has the right to continue the lease or terminate upon acquisition. FOR INVESTORS With a paying tenant already in place — zero downtime, zero make-ready costs, zero lease-up risk. Wake Village's steady demand from working families, healthcare workers, and military personnel near Red River Army Depot makes this a reliable, low-vacancy asset. Per the existing lease, the new owner decides to continue or terminate the tenancy at acquisition — this is effortless investment in a suburb people actually want to live in. Part of a 20-property SFR portfolio across Texarkana and Nash. Buy one or scale into multiple.

Key facts

• Cozy living room
• Modern appliances
• Dining area

Tags

• SPACIOUS LIVING AREAS
• MODERN APPLIANCES
• AMPLE STORAGE
• COZY LIVING ROOM
• DINING AREA

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $122 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $131k (6.7% below list).
• Recommended offer: $131k (6.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 79/100 on livability (#51 in TX, #2,068 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D, amenities F.
• Texarkana ISD (urban): math 36% / reading 41% proficiency, ranked #472 of 826 in TX (top 57%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+1.6%/yr); 320 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 137 units permitted in Bowie County in 2024 (5 in 5+ unit buildings).
• This rent runs 34% of the median local income ($46k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $968 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 81 days — a 6% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $130,649 (6.7% below list)

Questions for the listing agent

1. It's been on market 81 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. Built in 1956 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.93% ✗
• Cap rate: 7.34%
• Cash-on-cash: 3.74%
• DSCR: 1.17
• GRM: 8.9

CMA / ARV

• ARV (median comp): $97,478
• List price: $140,000
• Delta: 43.62%
• Verdict: OVERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1029 Mariana Ave	0.21mi	3/1.5	1,044 (-12%)	14mo	$150,000	$144	57
400 Redwater Rd	0.54mi	2/1.0 (-1)	1,162 (-2%)	23mo	$101,000	$87	47

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

Projected returns pro-forma

-3.0% appreciation · 1.63% rent growth · sell at horizon

5-year hold

• IRR: -11.9%
• Equity multiple: 0.57×
• Total profit: $-16,704
• Equity at exit: $20,874

10-year hold

• IRR: -4.8%
• Equity multiple: 0.70×
• Total profit: $-11,690
• Equity at exit: $12,105

Cash invested: $39,200 (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 75501

• Home prices YoY: -34.9%
• Rents YoY: 1.6%
• Active inventory: 320
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,306 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$118 /mo · $1,411/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$274
• Net cashflow: $122

Break-even live

Break-even rent $1,152

Max offer price $140,000

Occupancy floor 86%

Sensitivity live

Price	-10% $201	-5% $162	+0% $122	+5% $82	+10% $43
Rent	-10% $19	-5% $70	+0% $122	+5% $174	+10% $225
Rate	-1.0pp $193	-0.5pp $158	base $122	+0.5pp $86	+1.0pp $49

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
411 Redwater Rd Wake Village, TX	2.0	1.0	900	$1,500	$1.67	44d	1	0.47mi
501 Westlawn Dr Texarkana, TX	2.0	1.0	775	$800	$1.03	44d	1	1.23mi
60 Clark St Nash, TX	2.0–3.0	2.0	1450	$1,450	$1.00	44d	2	1.25mi

Listing history 22 events

1. 2026-06-19
   days on market $140,000 Active 81 DOM
2. 2026-06-18
   days on market $140,000 Active 80 DOM
3. 2026-06-17
   days on market $140,000 Active 79 DOM
4. 2026-06-17
   price $140,000 Active 78 DOM
5. 2026-06-16
   days on market $145,000 Active 78 DOM
6. 2026-06-15
   days on market $145,000 Active 77 DOM
7. 2026-06-14
   days on market $145,000 Active 75 DOM
8. 2026-06-13
   days on market $145,000 Active 74 DOM
9. 2026-06-10
   days on market $145,000 Active 72 DOM
10. 2026-06-09
    days on market $145,000 Active 71 DOM
11. 2026-06-08
    days on market $145,000 Active 70 DOM
12. 2026-06-07
    days on market $145,000 Active 69 DOM
13. 2026-06-05
    days on market $145,000 Active 66 DOM
14. 2026-06-02
    days on market $145,000 Active 64 DOM
15. 2026-06-01
    days on market $145,000 Active 63 DOM
16. 2026-05-31
    days on market $145,000 Active 62 DOM
17. 2026-05-30
    days on market $145,000 Active 61 DOM
18. 2026-03-30
    listed $150,000 Active 1496-char remark

    Show marketing remark (1496 chars)

    Tenant in place, rent flowing, and one of Texarkana's most desirable suburbs. This thoughtfully remodeled 3-bed, 1-bath home in Wake Village is a clean, low-maintenance asset that's already doing its job. Fresh updates throughout — new flooring, neutral paint, updated lighting, brand-new appliances, ample kitchen cabinetry, open living and dining flow, private yard, and outdoor parking. Everything has been done. Nothing left to fix. FOR HOMEOWNERS Wake Village is where people choose to stay — tree-lined streets, quiet community feel, Texarkana ISD schools, and quick access to Wright Patman Lake, Red River Army Depot, shopping, dining, and Interstate 369. This remodeled home is move-in ready and priced well below what comparable Wake Village homes command. Note: property is currently tenant occupied. Per the existing lease, the new owner has the right to continue the lease or terminate upon acquisition. FOR INVESTORS With a paying tenant already in place — zero downtime, zero make-ready costs, zero lease-up risk. Wake Village's steady demand from working families, healthcare workers, and military personnel near Red River Army Depot makes this a reliable, low-vacancy asset. Per the existing lease, the new owner decides to continue or terminate the tenancy at acquisition — this is effortless investment in a suburb people actually want to live in. Part of a 20-property SFR portfolio across Texarkana and Nash. Buy one or scale into multiple.

19. 2026-03-05
    historical $1,100
20. 2026-02-19
    listed $1,100
21. 2025-07-21
    soldstatus
22. 1997-10-06
    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: $1,411 · $118/mo
• Projected year-2 tax: $2,562 · $214/mo
• Expected delta: +$1,151/yr (+$96/mo · 81.6%)

ⓘ 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 2/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥112°F today · 22 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 23% 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: $15,678
• − Mortgage interest: −$7,842
• − Property taxes: −$1,411
• − Insurance: −$700
• − Repairs & maintenance: −$1,254
• − Management: −$1,254
• − Depreciation: −$4,073
• Taxable loss: −$856
• Est. tax savings @ 24.0%: +$205
• After-tax cash flow: $1,670/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: Texarkana ISD
• NCES district ID: 4842480
• Math proficiency: 36% ▼ -7.00%
• Reading proficiency: 41% ▼ -1.00%
• Median HH income: $35,692
• Composite: 31.87/100
• National rank: #5867
• State rank: #472 of 826 in TX

Livability — Wake Village

• Score: 79/100
• State rank: #51
• US rank: #2068

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wake Village, TX
• County: Bowie County · 61,238 people
• Metro: Texarkana, TX-AR
• Population (ZIP): 34,866
• Household income: $45,995
• Rent vs Own: 42.9% rent · 57.1% own
• Severe rent burden: 1289.0

Population outlook (Bowie County) Hauer SSP2

• Today (2025): 94,699 people
• By 2030: 94,824 · +0.1%
• By 2040: 94,870 · +0.2%
• By 2050: 93,686 · -1.1%
• By 2075: 90,082 · -4.9%
• By 2100: 76,579 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 54% Black 33% Hispanic / Latino 9% Two or more races 5%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Italian 1% Lithuanian 1% Portuguese 1%
• Foreign-born: 5% · Canada
• Languages at home: 92% English-only · Spanish 6% Other Indo-European 1%

Political lean MEDSL · Bowie

• 2024 margin: Solid R (+48.7) · D 25.3% · R 74.0%
• 2008→2024 swing: -10.8pp toward R · 2008: -37.9pp · 2024: -48.7pp
• All cycles: 2024: R+48.7 2020: R+42.8 2016: R+46.6 2012: R+41.5 2008: R+37.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -79.14%
• Current HPI: 147.9402
• Rent YoY: ▲ 1.63%
• Metro: Texarkana, TX-AR
• 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

+13536.4% since first listed

5 events — show timeline

• 2026-03-30 Listed $150,000 NTREIS
• 2026-03-05 Rental Removed $1,100 Avail
• 2026-02-19 Listed for Rent $1,100 Avail
• 2025-07-21 Sold (Public Records) — Public Records
• 1997-10-06 Sold (Public Records) — Public Records

Property tax history

+4.5%/yr

Latest (2025): $1,411 · +21.5% YoY. Source: county tax records.