11212 Harston Wood Dr · Fort Worth, TX 76040

$165,000

2 bd · 2.0 ba · 1,173 sqft · SingleFamily · 362 Days on market

Built 2025 Excellent condition $141/sqft · 34% below area Est $251k · 34% under ↓ 6% 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 +16.9/30.0
• ARV discount +15.0/15.0
• DSCR +5.3/10.0
• Condition / age +5.0/5.0
• 1% rule +4.6/10.0
• Schools +4.6/10.0
• Livability +4.0/5.0
• Rent growth +2.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Desirable Harston Woods neighborhood with exemplary schools. Very tranquil neighborhood with lots of amenities. This home features a fireplace, built-ins and amazing kitchen which is the heart of the home. Home also has a pampered bath. Welcome home!

Key facts

• Exemplary schools
• Amazing kitchen
• Fireplace

Tags

• HARSTON WOODS NEIGHBORHOOD
• EXEMPLARY SCHOOLS
• TRANQUIL NEIGHBORHOOD
• FIREPLACE
• BUILT-INS
• AMAZING KITCHEN

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $165k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $109 ($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 $158k (4.2% below list).
• Recommended offer: $145k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.1% vs local median 4.0% in Fort Worth — 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 80/100 on livability (#49 in TX, #1,954 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: crime F.
• Hurst-Euless-Bedford ISD (suburban): math 47% / reading 50% proficiency, ranked #193 of 826 in TX (top 23%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Wilshire El (math 47% / reading 42%, grade F, #1,155 of 4,322 statewide, top 29%, 641 students, 64% FRL); Harwood J H (math 57% / reading 65%, grade B+, #145 of 1,662 statewide, top 9%, 1,038 students, 45% FRL); Trinity H S (math 62% / reading 17%, grade F, #821 of 1,632 statewide, top 53%, 2,665 students, 56% FRL).
• Market conditions: Rents rising (+1.6%/yr); 148 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% of comp listings sitting > 30 days — soft ceiling on asking rent; 18,938 units permitted in Tarrant County in 2024 (8,336 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Tarrant County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 362 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 362 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is F 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?
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: 0.96% ✗
• Cap rate: 7.08%
• Cash-on-cash: 2.83%
• DSCR: 1.13
• GRM: 8.7

CMA / ARV

• ARV (median comp): $250,618
• List price: $165,000
• Delta: -34.16%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2312 Dalewood Ln	1.49mi	2/2.0	1,138 (-3%)	4mo	$200,000	$176	57
3515 Garrett Rd	0.56mi	3/1.5 (+1)	1,144 (-2%)	17mo	$242,500	$212	49
2420 Dalewood Ln	1.49mi	3/2.0 (+1)	1,275 (+9%)	10mo	$275,000	$216	38
2113 Gettysburg	1.48mi	3/2.0 (+1)	1,246 (+6%)	16mo	$288,000	$231	37
1700 Sotogrande Blvd Unit 107	1.11mi	2/2.0	1,111 (-5%)	23mo	$290,000	$261	37
2000 Natchez Ave	1.42mi	3/2.0 (+1)	1,245 (+6%)	22mo	$279,000	$224	32
2313 Gettysburg Pl	1.47mi	3/2.0 (+1)	1,449 (+24%)	6mo	$325,000	$224	30
1206 Hanover Dr	1.09mi	3/2.0 (+1)	1,461 (+25%)	7mo	$340,000	$233	29
820 Warwick St	1.32mi	3/2.0 (+1)	1,399 (+19%)	16mo	$300,000	$214	21
929 Gettysburg Pl	1.49mi	3/2.0 (+1)	1,459 (+24%)	22mo	$289,900	$199	17
2304 Windsor Ct	1.28mi	3/2.0 (+1)	1,445 (+23%)	23mo	$300,000	$208	16
2510 Sakeena Ct	1.27mi	3/2.0 (+1)	1,350 (+15%)	25mo	$474,990	$352	15

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 · 1.62% rent growth · sell at horizon

5-year hold

• IRR: -13.4%
• Equity multiple: 0.52×
• Total profit: $-21,951
• Equity at exit: $24,602

10-year hold

• IRR: -6.8%
• Equity multiple: 0.59×
• Total profit: $-18,741
• Equity at exit: $14,266

Cash invested: $46,200 (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 →

Active competition Active MLS

• For sale now: 2 active
• Median asking: $165,000 ($137/sqft)
• Median days on market: 622 d
• This list price: lowest-priced of the active set
• ARV vs active asking: +56.2% above current asking $/sqft

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

ZIP-level market 76040

• Home prices YoY: -23.6%
• Rents YoY: 1.6%
• Active inventory: 148
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $1,581 high
• Mortgage (P&I): −$865
• Tax est. 1.5%: −$206 /mo · $2,475/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$332
• Net cashflow: $109

Break-even live

Break-even rent $1,443

Max offer price $165,000

Occupancy floor 88%

Sensitivity live

Price	-10% $223	-5% $166	+0% $109	+5% $52	+10% $-5
Rent	-10% $-16	-5% $46	+0% $109	+5% $171	+10% $234
Rate	-1.0pp $192	-0.5pp $151	base $109	+0.5pp $66	+1.0pp $23

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: $41,250
• Closing costs: $4,950
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3520 Garrett Rd Euless, TX	3.0	2.0	1151	$1,945	$1.69	94d	1	0.59mi
11450 Trinity Blvd Euless, TX	1.0–3.0	1.0–2.0	1032	$2,060	$2.00	25d	169	0.59mi
10604 Tube Dr Unit 103 Hurst, TX	2.0	2.5	1350	$1,695	$1.26	44d	1	0.81mi
10604 Tube Dr Unit 104 Hurst, TX	2.0	2.5	1350	$1,650	$1.22	29d	1	0.81mi
10604 Tube Dr Unit 104 Hurst, TX	2.0	2.5	1350	$1,625	$1.20	6d	1	0.81mi
3475 Valley Vista Dr Fort Worth, TX	3.0	2.0	1500	$2,095	$1.40	139d	1	0.91mi
3475 Valley Vista Dr Fort Worth, TX	3.0	2.0	1500	$1,995	$1.33	120d	1	0.91mi
3413 Valley Vista Dr Hurst, TX	3.0	2.0	1500	$1,995	$1.33	19d	1	0.93mi
3078 W Sycamore Cir Euless, TX	2.0	1.5	1040	$1,475	$1.42	45d	1	1.02mi
3601 Valley Vista Dr Unit 3621-505 Hurst, TX	2.0	2.5	1350	$1,650	$1.22	5d	1	1.02mi
3601 Valley Vista Dr Unit 3625-601 Hurst, TX	2.0	2.5	1350	$1,650	$1.22	120d	1	1.02mi
3601 Valley Vista Dr Unit 3625-605 Hurst, TX	2.0	2.5	1350	$1,650	$1.22	74d	1	1.02mi
3625 Valley Vista Dr #605 Hurst, TX	2.0	2.5	1350	$1,650	$1.22	74d	1	1.02mi
3625 Valley Vista Dr Unit 601 Hurst, TX	2.0	2.5	1350	$1,650	$1.22	120d	1	1.02mi
1601 Sotogrande Blvd Hurst, TX	4.0	1.0–4.0	1422	$1,950	$1.37	0d	245	1.03mi
2921 Needles St Euless, TX	3.0	1.5	1062	$1,900	$1.79	11d	1	1.05mi
3409 Valley Vista Dr Hurst, TX	3.0	2.0	1500	$1,995	$1.33	19d	1	1.05mi
3409 Valley Vista Dr Hurst, TX	3.0	2.0	1500	$1,995	$1.33	44d	1	1.05mi
3621 Valley Vista Dr #505 Hurst, TX	2.0	2.5	1350	$1,650	$1.22	31d	1	1.05mi
1304 Raider Dr Euless, TX	1.0–3.0	1.0–2.0	835	$1,285	$1.54	0d	12	1.10mi
1768 Sotogrande Blvd Hurst, TX	2.0	2.0	1060	$1,183	$1.12	10d	1	1.13mi
1700 Sotogrande Blvd Hurst, TX	2.0	2.0	1080	$1,826	$1.69	10d	1	1.14mi
1700 Sotogrande Blvd Hurst, TX	2.0	2.0	1080	$1,760	$1.63	54d	1	1.14mi
1700 Sotogrande Blvd Hurst, TX	1.0	1.0	997	$1,507	$1.51	6d	1	1.14mi
1700 Sotogrande Blvd Hurst, TX	2.0	2.0	1080	$1,658	$1.54	4d	1	1.14mi
1700 Sotogrande Blvd Hurst, TX	3.0	2.0	1321	$2,045	$1.55	76d	1	1.14mi
1700 Sotogrande Blvd Hurst, TX	2.0	2.0	1080	$1,339	$1.24	120d	1	1.14mi
1700 Sotogrande Blvd Hurst, TX	1.0	1.0	997	$1,415	$1.42	117d	1	1.14mi
1700 Sotogrande Blvd Hurst, TX	3.0	2.0	1421	$2,084	$1.47	18d	1	1.14mi
1700 Sotogrande Blvd Hurst, TX	1.0	1.0	714	$1,262	$1.77	11d	1	1.14mi
1700 Sotogrande Blvd Hurst, TX	2.0	2.0	1080	$1,862	$1.72	2d	1	1.14mi
1700 Sotogrande Blvd Hurst, TX	1.0	2.0	1008	$1,267	$1.26	98d	1	1.14mi
1700 Sotogrande Blvd Hurst, TX	1.0	1.0	897	$1,440	$1.61	7d	1	1.14mi
1736 Sotogrande Blvd Unit 2121 Hurst, TX	2.0	2.0	810	$1,162	$1.43	69d	1	1.21mi
1736 Sotogrande Blvd Unit 212 Hurst, TX	2.0	2.0	1050	$1,085	$1.03	24d	1	1.21mi
1736 Sotogrande Blvd Unit 2121 Hurst, TX	2.0	2.0	810	$1,106	$1.37	94d	1	1.21mi
1736 Sotogrande Blvd Unit 511 Hurst, TX	2.0	2.0	810	$1,106	$1.37	86d	1	1.21mi
1736 Sotogrande Blvd Unit 1769 Hurst, TX	3.0	2.0	1286	$1,662	$1.29	70d	1	1.21mi
1736 Sotogrande Blvd Unit 1787 Hurst, TX	1.0	1.0	751	$900	$1.20	139d	1	1.21mi
1736 Sotogrande Blvd Unit 1793 Hurst, TX	2.0	2.0	810	$1,073	$1.32	83d	1	1.21mi

Listing history 4 events

1. 2026-06-01
   days on market $165,000 Active 362 DOM
2. 2026-05-31
   days on market $165,000 Active 361 DOM
3. 2025-10-02
   price $165,000 250-char remark

   Show marketing remark (250 chars)

   Desirable Harston Woods neighborhood with exemplary schools. Very tranquil neighborhood with lots of amenities. This home features a fireplace, built-ins and amazing kitchen which is the heart of the home. Home also has a pampered bath. Welcome home!

4. 2025-06-04
   listed $175,000 Active 250-char remark

   Show marketing remark (250 chars)

   Desirable Harston Woods neighborhood with exemplary schools. Very tranquil neighborhood with lots of amenities. This home features a fireplace, built-ins and amazing kitchen which is the heart of the home. Home also has a pampered bath. Welcome home!

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 25 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,973
• − Mortgage interest: −$9,243
• − Property taxes: −$2,475
• − Insurance: −$825
• − Repairs & maintenance: −$1,518
• − Management: −$1,518
• − Depreciation: −$4,800
• Taxable loss: −$1,405
• Est. tax savings @ 24.0%: +$337
• After-tax cash flow: $1,642/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

Excellent 100/100 None rehab

This home is in excellent condition with modern finishes and a desirable location. It is move-in ready and would benefit from minor updates to enhance its curb appeal and attract potential buyers/tenants.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Landscaping the front yard — A well-maintained front yard can improve curb appeal and attract potential buyers/tenants. ↑
• Both Adding a small outdoor seating area — This can increase the home's appeal for both buyers and renters, especially in a desirable neighborhood like Harston Woods. ↑

F Composite school gradezoned avg 46/100

Zoned Schools

Elementary Spring Garden El F TX #1,709/4,322 Nat'l #21,128/41,679 Middle Harwood J H B+ TX #145/1,662 Nat'l #1,667/14,009 High Trinity H S F TX #821/1,632 Nat'l #8,293/17,239

Schools (NCES district)

• District: Hurst-Euless-Bedford ISD
• NCES district ID: 4824060
• Math proficiency: 47% ▼ -15.00%
• Reading proficiency: 50% ▼ -5.00%
• Median HH income: $56,086
• Composite: 42.12/100
• National rank: #3316
• State rank: #193 of 826 in TX

A Composite livability gradescore 80/100

Livability — Fort Worth

• Score: 80/100
• State rank: #49
• US rank: #1954

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fort Worth, TX
• County: Tarrant County · 2,380,417 people
• City population: 911,619
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 31,677
• Household income: $72,661
• Rent vs Own: 56.3% rent · 43.7% own
• Severe rent burden: 17% of renters

---

Population outlook (Tarrant County) Hauer SSP2

• Today (2025): 2,380,417 people
• By 2030: 2,578,900 · +8.3%
• By 2040: 2,974,995 · +25.0%
• By 2050: 3,350,489 · +40.8%
• By 2075: 4,216,909 · +77.2%
• By 2100: 4,741,527 · +99.2%

---

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.78)
• Race & ethnicity: White 31% Black 24% Hispanic / Latino 22% Two or more races 16% Asian 14% Pacific Islander 2%
• Hispanic origin (detail): Mexican 16% Puerto Rican 2%
• Common ancestry: Italian 1% Serbian 1% Lithuanian 1%
• Foreign-born: 27% · Canada, Vietnam, China
• Languages at home: 59% English-only · Spanish 16% Other Indo-European 8% Other Asian/Pacific 4%

---

Political lean MEDSL · Tarrant

• 2024 margin: Lean R (+5.1) · D 46.7% · R 51.9% · Other 1.4%
• 2008→2024 swing: +6.6pp toward D · 2008: -11.7pp · 2024: -5.1pp
• All cycles: 2024: R+5.1 2020: D+0.2 2016: R+8.7 2012: R+15.7 2008: R+11.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -83.82%
• Current HPI: 271.7474
• Rent YoY: ▲ 1.62%
• Metro: Dallas-Fort Worth-Arlington, 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

-5.7% since first listed

2 events — show timeline

• 2025-10-02 Price Changed $165,000 Zillow
• 2025-06-04 Listed $175,000 Zillow