926 Myer Ln · Kermit, TX 79745

$175,000

3 bd · 1.0 ba · 1,103 sqft · SingleFamily public records · 4 Days on market

Built 1953

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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 +24.1/30.0
• Appreciation +10.0/10.0
• DSCR +7.8/10.0
• ARV discount +7.5/15.0
• 1% rule +5.3/10.0
• Livability +3.1/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This cozy home features 3 bedrooms, 1 bath and a beautifully landscaped yard. Fresh paint, new roof, new fence, new fixtures, new windows and so many more updates. This home is move-in ready! Your family and loved ones will also enjoy the spacious backyard, which is perfect for family gatherings! Don't contemplate any longer and call your favorite realtor to schedule a showing today!

Key facts

• Exterior insulation
• New stucco
• Newer a/c unit

Tags

• NEW STUCCO
• BACKYARD PRIVACY WALL
• EXTERIOR INSULATION
• UPDATED HARDWOOD FLOORING
• NEWER A/C UNIT
• NEWER WOOD FENCE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $347 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).

Location & tenants

• Location reads 62/100 on livability (#925 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety C-, schools F, amenities F.
• Kermit ISD (town): math 31% / reading 30% proficiency, ranked #602 of 826 in TX (top 73%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 19 active listings in the ZIP; 1 comparable units currently listed for rent nearby.

Forward outlook

• In year one you build about $19k of equity ($1k loan paydown + $18k appreciation (10.0% local appreciation)).
• Winkler County population projected at +67% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $49k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 6y ago 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.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; severe wildfire risk; extreme-heat days projected 5→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $175,000

Questions for the listing agent

1. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.03% ✓
• Cap rate: 8.67%
• Cash-on-cash: 8.50%
• DSCR: 1.38
• GRM: 8.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 30.5%
• Equity multiple: 3.40×
• Total profit: $117,363
• Equity at exit: $157,654

10-year hold

• IRR: 26.4%
• Equity multiple: 7.70×
• Total profit: $328,117
• Equity at exit: $339,987

Cash invested: $49,000 (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 79745

• Home prices YoY: 4.7%
• Active inventory: 19
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,800 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$84 /mo · $1,011/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$378
• Net cashflow: $347

Break-even live

Break-even rent $1,361

Max offer price $175,000

Occupancy floor 76%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
452 North Avenue B Unit B Kermit, TX	3.0	1.5	1220	$1,800	$1.48	43d	1	1.07mi

Listing history 5 events

1. 2026-06-19
   days on market $175,000 Active 4 DOM
2. 2026-06-18
   days on market $175,000 Active 3 DOM
3. 2026-06-17
   days on market $175,000 Active 2 DOM
4. 2026-06-16
   remarks 423-char remark
5. 2026-06-16
   listed $175,000 Active 1 DOM

ⓘ 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: $1,011 · $84/mo
• Projected year-2 tax: $3,202 · $267/mo
• Expected delta: +$2,192/yr (+$183/mo · 216.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe 94% chance over 30 yrs
• 🔥 Wildfire 9/10 Extreme
• 🌡 Heat 6/10 Major 5 d/yr ≥103°F today · 16 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: $21,600
• − Mortgage interest: −$9,803
• − Property taxes: −$1,011
• − Insurance: −$875
• − Repairs & maintenance: −$1,728
• − Management: −$1,728
• − Depreciation: −$5,091
• Taxable income: $1,364
• Est. tax owed @ 24.0%: −$327
• After-tax cash flow: $3,838/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: Kermit ISD
• NCES district ID: 4825560
• Math proficiency: 31% ▲ 12.00%
• Reading proficiency: 30% ▲ 8.00%
• Median HH income: $48,332
• Composite: 26.47/100
• National rank: #7215
• State rank: #602 of 826 in TX

Livability — Kermit

• Score: 62/100
• State rank: #925
• US rank: #16453

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kermit, TX
• Population (ZIP): 6,160

Population outlook (Winkler County) Hauer SSP2

• Today (2025): 10,019 people
• By 2030: 11,177 · +11.6%
• By 2040: 13,746 · +37.2%
• By 2050: 16,734 · +67.0%
• By 2075: 24,573 · +145.3%
• By 2100: 30,264 · +202.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (71%)
• Race & ethnicity: Hispanic / Latino 71% White 23% Two or more races 21% Black 4% Native American 3%
• Hispanic origin (detail): Mexican 65% Cuban 2%
• Common ancestry: Lithuanian 2%
• Foreign-born: 17% · Canada
• Languages at home: 45% English-only · Spanish 55%

Political lean MEDSL · Winkler

• 2024 margin: Solid R (+70.5) · D 14.7% · R 85.2%
• 2008→2024 swing: -18.8pp toward R · 2008: -51.8pp · 2024: -70.5pp
• All cycles: 2024: R+70.5 2020: R+65.6 2016: R+52.5 2012: R+53.5 2008: R+51.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 10.52%
• Current HPI: 233.1436
• 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

+89.2% since first listed

9 events — show timeline

• 2026-06-16 Listed $175,000 FSBO.com
• 2022-12-29 Sold (Public Records) — Public Records
• 2022-12-22 Sold (MLS) — ODMLS
• 2022-12-02 Pending — ODMLS
• 2022-11-01 Relisted — ODMLS
• 2022-10-05 Listed $125,000 ODMLS
• 2021-01-13 Sold (Public Records) — Public Records
• 2021-01-11 Sold (MLS) — ODMLS
• 2020-07-25 Listed $92,500 ODMLS

Property tax history

+4.2%/yr

Latest (2025): $1,011 · +20.2% YoY. Source: county tax records.