110 Ellendale Pl · Fredericksburg, TX 78624

$260,000

3 bd · 2.0 ba · 1,474 sqft · SingleFamily · 68 Days on market

Built 2025 Good condition 4,791 sqft lot $176/sqft · 12% below area Est $296k · 12% under $29/mo HOA · 1% of rent ↓ 10% since listing

---

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 +14.6/30.0
• ARV discount +12.9/15.0
• DSCR +4.5/10.0
• 1% rule +4.2/10.0
• Schools +4.0/10.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Seller is willing to assist with closing costs or a rate buy-down through preferred lender with an acceptable offer. The Newlin - This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner's suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are two secondary bedrooms at the front of the home.

Key facts

• 4,791 sq ft lot
• 2 garage spots
• Built 2025

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $260k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $62 ($748/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 $239k (8.1% below list).
• Recommended offer: $239k (8.1% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 1.7% in Fredericksburg — 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 74/100 on livability (#182 in TX, #4,711 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, health & safety B+, cost of living B; Watch: employment C-, amenities D, commute F.
• Fredericksburg ISD (town): math 44% / reading 48% proficiency, ranked #241 of 826 in TX (top 29%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 977 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 52 units permitted in Gillespie County in 2024 (0 in 5+ unit buildings).
• This rent runs 38% of the median local income ($75k/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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Gillespie 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 68 days — a 6% lower offer ($244k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.

Recommended offer $239,009 (8.1% below list)

Questions for the listing agent

1. It's been on market 68 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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.
6. 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.
7. 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: 0.92% ✗
• Cap rate: 6.58%
• Cash-on-cash: 1.03%
• DSCR: 1.05
• GRM: 9.1

CMA / ARV

• ARV (median comp): $295,629
• List price: $260,000
• Delta: -12.05%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
171 Juanita Way	0.18mi	3/2.0	1,474 (0%)	1mo	$273,999	$186	91
125 Alameda Dr	0.08mi	3/2.0	1,474 (0%)	7mo	$295,999	$201	90
187 Juanita Way	0.18mi	3/2.0	1,474 (0%)	2mo	$287,999	$195	90
241 Juanita Way	0.11mi	3/2.0	1,634 (+11%)	1mo	$311,999	$191	76
108 Ciarans Crossing Dr	0.06mi	3/2.0	1,260 (-14%)	0mo	$299,000	$237	73
100 Ellendale Pl	0.05mi	4/2.0 (+1)	1,667 (+13%)	2mo	$280,000	$168	69
196 Juanita Way	0.19mi	3/2.0	1,634 (+11%)	6mo	$301,999	$185	68
207 Juanita Way	0.08mi	4/2.0 (+1)	1,667 (+13%)	4mo	$289,999	$174	66
127 Alameda Dr	0.09mi	3/2.0	1,260 (-14%)	7mo	$241,999	$192	66
133 Alameda Dr	0.12mi	3/2.0	1,260 (-14%)	7mo	$280,999	$223	64
195 Juanita Way	0.18mi	4/2.0 (+1)	1,667 (+13%)	1mo	$284,999	$171	64
612 Bluebonnet St	0.60mi	3/2.0	1,641 (+11%)	4mo	$355,000	$216	50

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -14.6%
• Equity multiple: 0.48×
• Total profit: $-38,105
• Equity at exit: $38,767

10-year hold

• IRR: -5.9%
• Equity multiple: 0.62×
• Total profit: $-27,847
• Equity at exit: $22,480

Cash invested: $72,800 (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 78624

• Active inventory: 977
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,390 high
• Mortgage (P&I): −$1,363
• Tax est. 1.5%: −$325 /mo · $3,900/yr
• Insurance: −$108
• HOA: −$29
• Vacancy / Maint / Mgmt: −$502
• Net cashflow: $62

Break-even live

Break-even rent $2,311

Max offer price $260,000

Occupancy floor 92%

Sensitivity live

Price	-10% $242	-5% $152	+0% $62	+5% $-27	+10% $-117
Rent	-10% $-126	-5% $-32	+0% $62	+5% $157	+10% $251
Rate	-1.0pp $193	-0.5pp $128	base $62	+0.5pp $-5	+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: $65,000
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
130 Ciarans Xing Fredericksburg, TX	3.0	2.0	1474	$2,300	$1.56	4d	1	0.15mi
1019 Friendship Ln Fredericksburg, TX	2.0–3.0	1.0–2.0	912	$1,750	$1.92	3d	11	0.66mi
510 S Olive St Fredericksburg, TX	3.0	2.0	1335	$2,950	$2.21	45d	1	0.76mi
915 E Highway St Unit NA Fredericksburg, TX	3.0	2.0	1407	$1,950	$1.39	5d	1	0.80mi
501 S Olive St Fredericksburg, TX	2.0	2.5	1400	$2,500	$1.79	45d	1	0.81mi
1006 E Highway St Fredericksburg, TX	3.0	2.0	1588	$2,250	$1.42	45d	1	0.85mi
1004 E Hill St Unit B Fredericksburg, TX	3.0	2.0	1431	$1,895	$1.32	25d	1	0.95mi
1004 W Hill St Fredericksburg, TX	3.0	2.0	1432	$1,895	$1.32	25d	1	0.97mi
247 Sunday Cir Fredericksburg, TX	3.0	2.0	1366	$2,600	$1.90	3d	1	1.21mi
104 N Elk St Fredericksburg, TX	2.0	2.0	1620	$2,000	$1.23	12d	1	1.32mi
405 Summit Cir Fredericksburg, TX	3.0	2.0	1532	$2,100	$1.37	45d	1	1.33mi
202 E Ufer St Fredericksburg, TX	3.0	1.0–2.0	993	$2,355	$2.37	3d	11	1.34mi

HOA detail

• Monthly dues: $29 · $348/yr

Listing history 25 events

1. 2026-06-21
   days on market $260,000 Active 68 DOM
2. 2026-06-18
   days on market $260,000 Active 65 DOM
3. 2026-06-17
   days on market $260,000 Active 64 DOM
4. 2026-06-16
   days on market $260,000 Active 63 DOM
5. 2026-06-15
   days on market $260,000 Active 62 DOM
6. 2026-06-13
   days on market $260,000 Active 60 DOM
7. 2026-06-09
   days on market $260,000 Active 56 DOM
8. 2026-06-08
   days on market $260,000 Active 55 DOM
9. 2026-06-07
   days on market $260,000 Active 54 DOM
10. 2026-06-04
    days on market $260,000 Active 51 DOM
11. 2026-06-03
    days on market $260,000 Active 50 DOM
12. 2026-06-02
    days on market $260,000 Active 49 DOM
13. 2026-06-01
    days on market $260,000 Active 48 DOM
14. 2026-05-31
    days on market $260,000 Active 47 DOM
15. 2026-05-01
    historical
16. 2026-04-23
    price $264,500 456-char remark

    Show marketing remark (456 chars)

    Seller is willing to assist with closing costs or a rate buy-down through preferred lender with an acceptable offer. The Newlin - This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner's suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are two secondary bedrooms at the front of the home.

17. 2026-04-14
    listed $265,000 Active 456-char remark

    Show marketing remark (456 chars)

    Seller is willing to assist with closing costs or a rate buy-down through preferred lender with an acceptable offer. The Newlin - This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner's suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are two secondary bedrooms at the front of the home.

18. 2026-04-10
    price $264,500
19. 2026-03-24
    price $265,000
20. 2026-02-20
    price $270,000
21. 2026-01-17
    listed $275,000 New
22. 2025-12-29
    soldstatus Sold
23. 2025-12-19
    status Pending
24. 2025-12-03
    price $296,999
25. 2025-10-27
    listed $294,999 New

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

Taxation est. · year 1

• Rental income: $28,681
• − Mortgage interest: −$14,564
• − Property taxes: −$3,900
• − Insurance: −$1,300
• − Repairs & maintenance: −$2,294
• − Management: −$2,294
• − HOA: −$348
• − Depreciation: −$7,564
• Taxable loss: −$3,584
• Est. tax savings @ 24.0%: +$860
• After-tax cash flow: $1,608/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 · 12 photos

Good 80/100 Cosmetic rehab

This single-level home is in good condition with a spacious open floorplan and modern amenities. It is ready for a new owner or tenant.

Value-add opportunities

• Resale Paint exterior trim — Enhances curb appeal
• Rental Clean gutters — Keeps home in good condition

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior trim — Enhances curb appeal ↑
• Rental Clean gutters — Keeps home in good condition ↑

ⓘ 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: Fredericksburg ISD
• NCES district ID: 4819840
• Math proficiency: 44% ▼ -7.00%
• Reading proficiency: 48% ▼ -2.00%
• Median HH income: $54,655
• Composite: 39.9/100
• National rank: #3857
• State rank: #241 of 826 in TX

Livability — Fredericksburg

• Score: 74/100
• State rank: #182
• US rank: #4711

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fredericksburg, TX
• County: Gillespie County · 23,741 people
• City population: 23,741
• Metro: Fredericksburg, TX
• Population (ZIP): 23,741
• Household income: $75,237
• Rent vs Own: 26.3% rent · 73.7% own
• Severe rent burden: 470.0

Population outlook (Gillespie County) Hauer SSP2

• Today (2025): 28,213 people
• By 2030: 29,243 · +3.7%
• By 2040: 31,133 · +10.3%
• By 2050: 32,854 · +16.4%
• By 2075: 37,597 · +33.3%
• By 2100: 39,369 · +39.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Hispanic / Latino 23% Two or more races 9%
• Hispanic origin (detail): Mexican 21%
• Common ancestry: Slovak 4% Serbian 2% Lithuanian 2%
• Foreign-born: 7% · Canada, Dominican Republic
• Languages at home: 84% English-only · Spanish 13% German/W. Germanic 2% Other Asian/Pacific 1%

Political lean MEDSL · Gillespie

• 2024 margin: Solid R (+60.9) · D 19.2% · R 80.1%
• 2008→2024 swing: -4.3pp toward R · 2008: -56.6pp · 2024: -60.9pp
• All cycles: 2024: R+60.9 2020: R+58.9 2016: R+62.2 2012: R+65.8 2008: R+56.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -209.14%
• Current HPI: 218.7201
• Rent YoY: —
• Metro: Fredericksburg, 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

-10.3% since first listed

11 events — show timeline

• 2026-05-01 Listing Removed — LERA
• 2026-04-23 Price Changed $264,500 Unlock MLS
• 2026-04-14 Listed $265,000 Unlock MLS
• 2026-04-10 Price Changed $264,500 LERA
• 2026-03-24 Price Changed $265,000 LERA
• 2026-02-20 Price Changed $270,000 LERA
• 2026-01-17 Listed $275,000 LERA
• 2025-12-29 Sold (MLS) — LERA
• 2025-12-19 Pending — LERA
• 2025-12-03 Price Changed $296,999 LERA
• 2025-10-27 Listed $294,999 LERA