944 S Waggoner St · Electra, TX 76360

$118,900

4 bd · 2.0 ba · 1,920 sqft · Manufactured public records · 67 Days on market

Built 1975

---

Why this score? — see what drove the B 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 +29.6/30.0
• DSCR +10.0/10.0
• 1% rule +7.6/10.0
• ARV discount +7.5/15.0
• Appreciation +5.6/10.0
• Livability +3.3/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

4 bed 2 bath home on over an acre in Electra with updates and tons of potential! Located across from Electra Hospital. Features newer roof, remodeled primary bathroom, RV cover with hookups, 2 car detached garage, metal gated fencing, and multiple outbuildings with storage. Peaceful setting with mature trees and room to spread out while still close to town! Great opportunity for someone looking for space and willing to put in a little work to make it their own. Cash or in house conventional only.

Key facts

• Newer roof
• Metal gated fencing
• Mature trees

Tags

• NEWER ROOF
• REMODELED PRIMARY BATHROOM
• RV COVER WITH HOOKUPS
• METAL GATED FENCING
• MATURE TREES

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $119k.

Deal economics

• At list price, monthly cash flow is $429 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $119k).
• Recommended offer: $112k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#647 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: health & safety C-, schools D+, amenities F.
• Electra ISD (town): math 35% / reading 39% proficiency, ranked #494 of 826 in TX (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 48 active listings in the ZIP; 231 units permitted in Wichita County in 2024 (10 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($822 loan paydown + $1k appreciation (1.1% local appreciation)).
• Wichita County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (1.1% appreciation + 3.0% rent growth), your $33k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($112k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $111,766 (6.0% below list)

Questions for the listing agent

1. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — 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. 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.
7. 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.
8. 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: 1.26% ✓
• Cap rate: 10.62%
• Cash-on-cash: 15.46%
• DSCR: 1.69
• GRM: 6.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

1.14% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 17.7%
• Equity multiple: 1.91×
• Total profit: $30,339
• Equity at exit: $41,457

10-year hold

• IRR: 20.8%
• Equity multiple: 3.55×
• Total profit: $84,851
• Equity at exit: $55,769

Cash invested: $33,292 (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 76360

• Home prices YoY: 1.1%
• Active inventory: 48
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,493 medium
• Mortgage (P&I): −$624
• Tax from tax record: −$77 /mo · $924/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$313
• Net cashflow: $429

Break-even live

Break-even rent $949

Max offer price $118,900

Occupancy floor 66%

Sensitivity live

Price	-10% $496	-5% $463	+0% $429	+5% $395	+10% $362
Rent	-10% $311	-5% $370	+0% $429	+5% $488	+10% $547
Rate	-1.0pp $489	-0.5pp $459	base $429	+0.5pp $398	+1.0pp $367

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: $29,725
• Closing costs: $3,567
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-06-08
   days on market $118,900 Active 67 DOM
2. 2026-06-08
   days on market $118,900 Active 66 DOM
3. 2026-06-07
   days on market $118,900 Active 65 DOM
4. 2026-06-03
   days on market $118,900 Active 62 DOM
5. 2026-06-02
   days on market $118,900 Active 61 DOM
6. 2026-06-01
   days on market $118,900 Active 60 DOM
7. 2026-05-31
   days on market $118,900 Active 59 DOM
8. 2026-05-05
   price $118,900 501-char remark

   Show marketing remark (501 chars)

   4 bed 2 bath home on over an acre in Electra with updates and tons of potential! Located across from Electra Hospital. Features newer roof, remodeled primary bathroom, RV cover with hookups, 2 car detached garage, metal gated fencing, and multiple outbuildings with storage. Peaceful setting with mature trees and room to spread out while still close to town! Great opportunity for someone looking for space and willing to put in a little work to make it their own. Cash or in house conventional only.

9. 2026-04-02
   listed $119,900 Active 501-char remark

   Show marketing remark (501 chars)

   4 bed 2 bath home on over an acre in Electra with updates and tons of potential! Located across from Electra Hospital. Features newer roof, remodeled primary bathroom, RV cover with hookups, 2 car detached garage, metal gated fencing, and multiple outbuildings with storage. Peaceful setting with mature trees and room to spread out while still close to town! Great opportunity for someone looking for space and willing to put in a little work to make it their own. Cash or in house conventional only.

10. 2023-11-01
    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: $924 · $77/mo
• Projected year-2 tax: $2,176 · $181/mo
• Expected delta: +$1,252/yr (+$104/mo · 135.4%)

ⓘ 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 9/10 Extreme
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% 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: $17,910
• − Mortgage interest: −$6,660
• − Property taxes: −$924
• − Insurance: −$594
• − Repairs & maintenance: −$1,433
• − Management: −$1,433
• − Depreciation: −$3,459
• Taxable income: $3,407
• Est. tax owed @ 24.0%: −$818
• After-tax cash flow: $4,330/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: Electra ISD
• NCES district ID: 4818330
• Math proficiency: 35% ▼ -5.00%
• Reading proficiency: 39% ▼ -1.00%
• Median HH income: $39,107
• Composite: 30.95/100
• National rank: #6109
• State rank: #494 of 826 in TX

Livability — Electra

• Score: 66/100
• State rank: #647
• US rank: #12245

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Electra, TX
• Population (ZIP): 2,692

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 (73%)
• Race & ethnicity: White 73% Hispanic / Latino 18% Two or more races 9% Black 4%
• Hispanic origin (detail): Mexican 17%
• Common ancestry: Slovak 3% Italian 2% Iranian 1%
• Foreign-born: 1% · Canada
• Languages at home: 93% English-only · Spanish 6%

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: ▲ 1.14%
• Current HPI: 106.7145
• 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

-0.8% since first listed

3 events — show timeline

• 2026-05-05 Price Changed $118,900 WFAOR
• 2026-04-02 Listed $119,900 WFAOR
• 2023-11-01 Sold (Public Records) — Public Records

Property tax history

+1.0%/yr

Latest (2025): $924 · -13.3% YoY. Source: county tax records.