1421 Newhaven Rd · Wichita Falls, TX 76306

$75,000

3 bd · 1.0 ba · 1,221 sqft · SingleFamily public records · 116 Days on market

Built 1960 Good condition $61/sqft · 20% below area Est $94k · 20% under

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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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Condition / age +3.8/5.0
• Livability +3.5/5.0
• Rent growth +3.2/5.0
• Schools +2.7/10.0
• Appreciation +0.0/10.0

Listing remarks

4-bedroom, 1-bath home with an open living and dining area perfect for everyday living. The quaint kitchen features a gas stove and efficient layout. Vinyl plank flooring runs throughout for easy maintenance. The secluded 4th bedroom offers flexibility for guests or a home office. Cute hallway bathroom included a tub/shower combo. Enjoy a chain link fenced backyard and a park just across the street for added convenience and outdoor fun!

Key facts

• Secluded 4th bedroom
• Gas stove
• Efficient layout

Tags

• OPEN LIVING AND DINING AREA
• QUAINT KITCHEN
• GAS STOVE
• EFFICIENT LAYOUT
• VINYL PLANK FLOORING
• SECLUDED 4TH BEDROOM

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $75k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $319 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $68k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.4% vs local median 4.5% in Wichita Falls — 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 69/100 on livability (#437 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, employment D+, schools D.
• Wichita Falls ISD (urban): math 31% / reading 33% proficiency, ranked #585 of 826 in TX (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.8%/yr); 149 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 93d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 231 units permitted in Wichita County in 2024 (10 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $519 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Wichita County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 2.8% rent growth), your $21k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 116 days — a 9% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 9y ago; this cycle's ask has dropped $35k (32%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price.
• Climate carrying-cost: major 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 $68,250 (9.0% below list)

Questions for the listing agent

1. It's been on market 116 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 1960 — 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 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?
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: 1.56% ✓
• Cap rate: 11.40%
• Cash-on-cash: 18.24%
• DSCR: 1.81
• GRM: 5.3

CMA / ARV

• ARV (median comp): $94,062
• List price: $75,000
• Delta: -20.27%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1518 Red Fox Rd	0.16mi	3/1.5	936 (-23%)	31mo	$79,000	$84	46
1419 N 6th St	1.43mi	3/1.0	1,068 (-12%)	1mo	$48,000	$45	43
1809 Deer Park Way	0.63mi	3/2.0	1,296 (+6%)	28mo	$78,000	$60	36
1503 N 8th St	1.29mi	2/1.0 (-1)	916 (-25%)	1mo	$45,000	$49	34
1512 N 6th St	1.39mi	2/1.0 (-1)	920 (-25%)	1mo	$43,000	$47	34
1204 N 8th St	1.40mi	2/1.0 (-1)	920 (-25%)	2mo	$17,999	$20	34
603 Ross Ave	1.37mi	3/2.0	1,500 (+23%)	3mo	$29,900	$20	34
1413 Borton St	0.72mi	3/2.0	1,432 (+17%)	27mo	$159,900	$112	18

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 · 2.81% rent growth · sell at horizon

5-year hold

• IRR: 9.7%
• Equity multiple: 1.38×
• Total profit: $8,029
• Equity at exit: $11,183

10-year hold

• IRR: 18.7%
• Equity multiple: 2.55×
• Total profit: $32,555
• Equity at exit: $6,485

Cash invested: $21,000 (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 →

Active competition Active MLS

• For sale now: 10 active
• Median asking: $114,745 ($86/sqft)
• Median days on market: 58 d
• This list price: 20% of active listings are priced below it
• ARV vs active asking: -9.9% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 76306

• Home prices YoY: -30.1%
• Rents YoY: 2.8%
• Active inventory: 149
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,174 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$183 /mo · $2,201/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$246
• Net cashflow: $319

Break-even live

Break-even rent $770

Max offer price $75,000

Occupancy floor 68%

Sensitivity live

Price	-10% $362	-5% $340	+0% $319	+5% $298	+10% $277
Rent	-10% $227	-5% $273	+0% $319	+5% $366	+10% $412
Rate	-1.0pp $357	-0.5pp $338	base $319	+0.5pp $300	+1.0pp $280

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: $18,750
• Closing costs: $2,250
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2801 Roanoke Dr Unit B Wichita Falls, TX	3.0	2.0	876	$990	$1.13	93d	1	0.62mi
1200 Ridgeway Dr Wichita Falls, TX	1.0–3.0	1.0–2.0	889	$1,025	$1.15	93d	5	0.69mi
1700 Enterprise St Wichita Falls, TX	1.0–3.0	1.0–2.0	935	$990	$1.06	93d	1	1.42mi
38 Blair House Ln Wichita Falls, TX	3.0	2.0	1088	$875	$0.80	93d	1	1.48mi

Property features AI

Exterior

• Utilities: Public waterPublic sewer
• Home design: Single-family residenceOne story
• Construction: Brick constructionSlab foundation
• Exterior features: Fenced yardComposition roof

Interior

• Heating & cooling: Central AirCentral heating (Natural Gas)
• Interior features: Central heating and coolingNatural gas heating

Listing history 50 events

1. 2026-07-31
   days on market $75,000 Active 116 DOM
2. 2026-07-30
   days on market $75,000 Active 115 DOM
3. 2026-07-29
   days on market $75,000 Active 114 DOM
4. 2026-07-27
   days on market $75,000 Active 112 DOM
5. 2026-07-25
   days on market $75,000 Active 110 DOM
6. 2026-07-23
   days on market $75,000 Active 108 DOM
7. 2026-07-22
   days on market $75,000 Active 107 DOM
8. 2026-07-21
   days on market $75,000 Active 106 DOM
9. 2026-07-18
   days on market $75,000 Active 103 DOM
10. 2026-07-16
    days on market $75,000 Active 101 DOM
11. 2026-07-16
    days on market $75,000 Active 100 DOM
12. 2026-07-14
    days on market $75,000 Active 99 DOM
13. 2026-07-13
    days on market $75,000 Active 98 DOM
14. 2026-07-12
    days on market $75,000 Active 97 DOM
15. 2026-07-11
    days on market $75,000 Active 96 DOM
16. 2026-07-10
    days on market $75,000 Active 95 DOM
17. 2026-07-09
    pricedays on market $75,000 Active 94 DOM
18. 2026-07-08
    days on market $110,000 Active 93 DOM
19. 2026-07-07
    days on market $110,000 Active 92 DOM
20. 2026-07-06
    days on market $110,000 Active 91 DOM
21. 2026-07-05
    days on market $110,000 Active 90 DOM
22. 2026-07-04
    days on market $110,000 Active 89 DOM
23. 2026-07-03
    days on market $110,000 Active 88 DOM
24. 2026-07-02
    days on market $110,000 Active 87 DOM
25. 2026-07-01
    days on market $110,000 Active 86 DOM
26. 2026-06-30
    days on market $110,000 Active 85 DOM
27. 2026-06-29
    days on market $110,000 Active 84 DOM
28. 2026-06-28
    days on market $110,000 Active 83 DOM
29. 2026-06-28
    days on market $110,000 Active 82 DOM
30. 2026-06-27
    days on market $110,000 Active 81 DOM
31. 2026-06-26
    days on market $110,000 Active 80 DOM
32. 2026-06-23
    days on market $110,000 Active 77 DOM
33. 2026-06-22
    days on market $110,000 Active 76 DOM
34. 2026-06-19
    days on market $110,000 Active 74 DOM
35. 2026-06-18
    days on market $110,000 Active 73 DOM
36. 2026-06-17
    days on market $110,000 Active 72 DOM
37. 2026-06-16
    days on market $110,000 Active 71 DOM
38. 2026-06-15
    days on market $110,000 Active 70 DOM
39. 2026-06-14
    days on market $110,000 Active 68 DOM
40. 2026-06-13
    days on market $110,000 Active 67 DOM
41. 2026-06-10
    days on market $110,000 Active 65 DOM
42. 2026-06-09
    days on market $110,000 Active 64 DOM
43. 2026-06-08
    days on market $110,000 Active 63 DOM
44. 2026-06-07
    days on market $110,000 Active 62 DOM
45. 2026-06-05
    days on market $110,000 Active 59 DOM
46. 2026-06-02
    days on market $110,000 Active 57 DOM
47. 2026-06-01
    days on market $110,000 Active 56 DOM
48. 2026-05-31
    days on market $110,000 Active 55 DOM
49. 2026-05-30
    days on market $110,000 Active 54 DOM
50. 2026-04-06
    listed $110,000 Active 440-char remark

ⓘ 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: $2,201 · $183/mo
• Projected year-2 tax: $2,201 · $183/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 FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 8% 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: $14,085
• − Mortgage interest: −$4,201
• − Property taxes: −$2,201
• − Insurance: −$375
• − Repairs & maintenance: −$1,127
• − Management: −$1,127
• − Depreciation: −$2,182
• Taxable income: $2,872
• Est. tax owed @ 24.0%: −$689
• After-tax cash flow: $3,142/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 · 9 photos

Good 75/100 Cosmetic rehab Est. rehab $6,105–$18,315 screening

This 4-bedroom, 1-bath home is in good condition with a good exterior and interior. It has vinyl plank flooring and a well-maintained exterior. The home is move-in ready and would benefit from some cosmetic updates to the exterior and interior to further increase its value.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Replace vinyl plank flooring — Durable and easy to maintain ↑
• Both Upgrade kitchen appliances — Modernizes the space and adds value ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

Schools (NCES district)

• District: Wichita Falls ISD
• NCES district ID: 4845780
• Math proficiency: 31% ▼ -10.00%
• Reading proficiency: 33% ▼ -7.00%
• Median HH income: $41,604
• Composite: 27.06/100
• National rank: #7051
• State rank: #585 of 826 in TX

C Composite livability gradescore 69/100

Livability — Wichita Falls

• Score: 69/100
• State rank: #437
• US rank: #8940

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wichita Falls, TX
• County: Wichita County · 129,638 people
• City population: 95,694
• Metro: Wichita Falls, TX
• Population (ZIP): 13,963
• Household income: $46,957
• Rent vs Own: 41.4% rent · 58.6% own
• Severe rent burden: 12% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 58% Hispanic / Latino 21% Black 16% Two or more races 9% Asian 2%
• Hispanic origin (detail): Mexican 18% Cuban 1%
• Common ancestry: Italian 2% Serbian 1% Slovak 1%
• Foreign-born: 6% · Canada
• Languages at home: 88% English-only · Spanish 8% Tagalog/Filipino 1%

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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: ▼ -71.29%
• Current HPI: 165.6314
• Rent YoY: ▲ 2.81%
• Metro: Wichita Falls, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

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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

Property features AI

Exterior

• Utilities: Public waterPublic sewer
• Home design: Single-family residenceOne story
• Construction: Brick constructionSlab foundation
• Exterior features: Fenced yardComposition roof

Interior

• Heating & cooling: Central AirCentral heating (Natural Gas)
• Interior features: Central heating and coolingNatural gas heating

Price history

+266.7% since first listed

18 events — show timeline

• 2026-04-06 Listed $110,000 WFAOR
• 2025-09-01 Rental Removed $1,500 NTREIS
• 2025-07-28 Relisted — NTREIS
• 2025-07-28 Listing Removed — NTREIS
• 2025-04-14 Listing Removed — NTREIS
• 2025-04-02 Listed for Rent $1,500 NTREIS
• 2025-03-11 Price Changed $127,500 NTREIS
• 2025-01-31 Listed $129,700 NTREIS
• 2024-11-01 Price Changed $124,900 NTREIS
• 2024-09-13 Price Changed $135,000 NTREIS
• 2024-04-18 Listed $145,000 NTREIS
• 2024-02-01 Sold (Public Records) — Public Records
• 2023-05-18 Sold (Public Records) — Public Records
• 2020-05-04 Sold (Public Records) — Public Records
• 2017-03-14 Sold (Public Records) — Public Records
• 2017-03-10 Sold (MLS) — WFAOR
• 2017-01-05 Listed $30,000 WFAOR
• 2007-11-02 Sold (Public Records) — Public Records

Property tax history

+7.6%/yr

Latest (2025): $2,201 · +69.9% YoY. Source: county tax records.