1500 Olympia Way #32 · College Station, TX 77840

$133,000

2 bd · 1.0 ba · 1,111 sqft · SingleFamily public records · 53 Days on market

Built 1982 3,266 sqft lot $120/sqft · 46% below area Est $249k · 46% under

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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 +17.3/30.0
• ARV discount +15.0/15.0
• DSCR +5.4/10.0
• 1% rule +5.3/10.0
• Schools +4.7/10.0
• Livability +4.2/5.0
• Rent growth +4.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

ATTENTION AGGIE PARENTS & INVESTORS! Immaculate 2 BD / 1 1/2 BA, Sutter's Mill Condo!!! Must See! Just minutes away from the TAMU Campus and on the TAMU bus route! This Absolutely CHARMING! & Well Cared For Condo is perfect for your Aggie! Amenties include access to the crisp cool community pool, paid lawn/landscaping maint. , sewer, water, trash, exterior maint. , & blanket insurance! Simply Awesome & Worry Free residence that's great for those from all walks of life! Washer, Dryer & Fridge will Convey! Don't Wait! Schedule Your Personal Showing NOW!

Key facts

• Updated siding
• Community pool
• Living area

Tags

• LIVING AREA
• COMMUNITY POOL
• COVERED PARKING AREA
• UPDATED SIDING

Property features AI

Finance

• HOA & community: Homeowners association with monthly fee; HOA covers structure maintenance and grounds maintenance; Community pool and managed association

Exterior

• Parking: Attached carport; Covered parking for 2; 2-car garage
• Security: Smoke detectors
• Utilities: Public water; Public sewer; Water and sewer available; Electric service
• Home design: Condominium; Two levels
• Construction: Brick, HardiPlank type, and wood siding; Slab foundation; Composition roof; Built as residential condominium
• Exterior features: Community pool

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating (electric); Central air (electric); Ceiling fan(s)
• Interior features: High ceilings; Laminate countertops; Ceiling fans; Window treatments; Wood-burning fireplace
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $133k.

Deal economics

• At list price, monthly cash flow is $98 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $133k).
• Recommended offer: $129k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.2% vs local median 3.3% in College Station — 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 83/100 on livability (#11 in TX, #994 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, crime A-; Watch: employment C-.
• College Station ISD (urban): math 58% / reading 54% proficiency, ranked #113 of 826 in TX (top 14%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+6.2%/yr); 305 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,211 units permitted in Brazos County in 2024 (768 in 5+ unit buildings).
• At $1,366/mo this rent would consume 54% of the median local household income ($30k/yr) (locally 8224% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $920 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Brazos County population projected at +55% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 53 days — a 3% lower offer ($129k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y 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.

Recommended offer $129,010 (3.0% below list)

Questions for the listing agent

1. It's been on market 53 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 7.18%
• Cash-on-cash: 3.15%
• DSCR: 1.14
• GRM: 8.1

CMA / ARV

• ARV (median comp): $248,570
• List price: $133,000
• Delta: -46.49%
• Verdict: UNDERPRICED
• Comps: 10 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1004 Milner	0.69mi	2/1.0	1,248 (+12%)	8mo	$299,000	$240	40

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 · 6.24% rent growth · sell at horizon

5-year hold

• IRR: -7.5%
• Equity multiple: 0.71×
• Total profit: $-10,667
• Equity at exit: $19,831

10-year hold

• IRR: 6.0%
• Equity multiple: 1.51×
• Total profit: $19,143
• Equity at exit: $11,499

Cash invested: $37,240 (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 77840

• Rents YoY: 6.2%
• Active inventory: 305
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,366 high
• Mortgage (P&I): −$697
• Tax from tax record: −$229 /mo · $2,746/yr
• Insurance: −$55
• HOA: −$0
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $98

Break-even live

Break-even rent $1,243

Max offer price $133,000

Occupancy floor 88%

Sensitivity live

Price	-10% $173	-5% $135	+0% $98	+5% $60	+10% $22
Rent	-10% $-10	-5% $44	+0% $98	+5% $152	+10% $206
Rate	-1.0pp $165	-0.5pp $132	base $98	+0.5pp $63	+1.0pp $28

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: $33,250
• Closing costs: $3,990
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
904 University Oaks Blvd College Station, TX	1.0–2.0	1.0–2.0	792	$1,200	$1.51	44d	2	0.17mi
904 University Oaks Blvd College Station, TX	1.0–2.0	1.0–2.0	792	$1,200	$1.51	21d	2	0.17mi
1900 Dartmouth St College Station, TX	2.0	1.0–1.5	1040	$1,250	$1.20	14d	1	0.30mi
1902 Dartmouth St College Station, TX	2.0	1.5	1024	$1,200	$1.17	21d	1	0.30mi
1903 Dartmouth St College Station, TX	1.0–2.0	1.0	870	$1,250	$1.44	44d	1	0.39mi
1201 Harvey Rd College Station, TX	1.0–3.0	1.0–2.0	802	$1,068	$1.33	14d	133	0.46mi
1915 Dartmouth St College Station, TX	1.0–2.0	1.0–2.5	903	$1,495	$1.66	21d	30	0.54mi
300 Holleman Dr E Unit 1104 College Station, TX	2.0	2.0	947	$1,250	$1.32	44d	1	0.57mi
300 Holleman Dr E Unit 1203 College Station, TX	2.0	2.5	1090	$1,300	$1.19	44d	1	0.57mi
213 Holleman Dr E Unit 105 College Station, TX	2.0	2.0	1000	$1,525	$1.52	44d	1	0.62mi
309 Redmond Dr College Station, TX	1.0–2.0	1.0–1.5	638	$995	$1.56	14d	9	0.71mi
116 Richards St College Station, TX	2.0	1.0	1198	$1,995	$1.67	14d	1	0.76mi
709 Vassar Ct Apt C College Station, TX	2.0	2.0	950	$1,500	$1.58	44d	1	0.78mi
818 Nimitz St College Station, TX	3.0	2.0	1133	$1,395	$1.23	44d	1	0.87mi
2330 Autumn Chase Loop Unit B College Station, TX	3.0	3.0	1364	$1,650	$1.21	21d	1	0.88mi
1601 Holleman Dr College Station, TX	1.0–3.0	1.0–2.0	888	$1,288	$1.45	44d	5	0.91mi
1505 Park Pl Apt 24 College Station, TX	2.0	1.0	865	$950	$1.10	44d	1	0.93mi
615 Pasler St College Station, TX	3.0	1.5	1061	$1,600	$1.51	14d	1	0.95mi
901 Camellia Ct Unit B College Station, TX	3.0	2.0	1100	$1,275	$1.16	14d	1	0.95mi
2400 Central Park Ln College Station, TX	1.0–2.0	1.0–2.0	755	$1,095	$1.45	14d	10	0.97mi
810 Camellia Ct Unit 1328089P College Station, TX	3.0	2.0	1302	$4,917	$3.78	21d	1	0.97mi
1104 Autumn Cir Apt D College Station, TX	2.0	2.0	963	$1,000	$1.04	44d	1	1.14mi
1524 Pine Ridge Dr College Station, TX	2.0	1.0	789	$950	$1.20	44d	1	1.14mi
402 Summer Ct Unit 2B College Station, TX	2.0	2.0	750	$900	$1.20	44d	1	1.16mi
1402 Holleman Dr College Station, TX	1.0–2.0	1.0	700	$795	$1.14	21d	13	1.21mi
1601 Anderson St College Station, TX	2.0	1.0	796	$938	$1.18	21d	5	1.23mi
801 Spring Loop College Station, TX	1.0–2.0	1.0–2.0	921	$1,240	$1.35	14d	23	1.25mi
205 Winter Park Unit D College Station, TX	2.0	2.0	980	$1,500	$1.53	14d	1	1.28mi
1001 Krenek Tap Rd College Station, TX	3.0–4.0	3.0–4.0	1572	$600	$0.38	44d	2	1.29mi
1200 Village Dr College Station, TX	3.0	2.0	1443	$1,750	$1.21	21d	1	1.29mi
1200 Village Dr College Station, TX	3.0	2.0	1443	$1,750	$1.21	14d	1	1.29mi
533 Forest Drive Loop College Station, TX	3.0	3.5	1456	$1,675	$1.15	14d	1	1.30mi
1613 Southwest Pkwy College Station, TX	2.0	1.0	798	$1,150	$1.44	14d	1	1.32mi
512 Camp Ct Unit 1328090P College Station, TX	3.0	2.0	1388	$3,624	$2.61	14d	1	1.34mi
101 Winter Park Unit A College Station, TX	3.0	3.0	1347	$2,250	$1.67	14d	1	1.36mi
1600 Southwest Pkwy College Station, TX	1.0–3.0	1.0–2.5	1005	$1,150	$1.14	14d	21	1.42mi
1302 Laura Ln College Station, TX	3.0	2.0	1460	$1,825	$1.25	21d	1	1.45mi

Listing history 22 events

1. 2026-06-18
   days on market $133,000 Active 53 DOM
2. 2026-06-17
   days on market $133,000 Active 52 DOM
3. 2026-06-16
   days on market $133,000 Active 51 DOM
4. 2026-06-15
   days on market $133,000 Active 50 DOM
5. 2026-06-14
   days on market $133,000 Active 48 DOM
6. 2026-06-13
   days on market $133,000 Active 47 DOM
7. 2026-06-10
   days on market $133,000 Active 45 DOM
8. 2026-06-09
   days on market $133,000 Active 44 DOM
9. 2026-06-08
   days on market $133,000 Active 43 DOM
10. 2026-06-07
    days on market $133,000 Active 42 DOM
11. 2026-06-05
    days on market $133,000 Active 39 DOM
12. 2026-06-02
    days on market $133,000 Active 37 DOM
13. 2026-06-01
    days on market $133,000 Active 36 DOM
14. 2026-05-31
    days on market $133,000 Active 35 DOM
15. 2026-05-30
    days on market $133,000 Active 34 DOM
16. 2026-05-02
    price $133,000 679-char remark
17. 2026-04-27
    listed $137,500 Active 679-char remark
18. 2019-06-11
    soldstatus 589-char remark

    Show marketing remark (589 chars)

    ATTENTION AGGIE PARENTS & INVESTORS! Immaculate 2 BD / 1 1/2 BA, Sutter's Mill Condo!!! Must See! Just minutes away from the TAMU Campus and on the TAMU bus route! This Absolutely CHARMING! & Well Cared For Condo is perfect for your Aggie! Amenties include access to the crisp cool community pool, paid lawn/landscaping maint. , sewer, water, trash, exterior maint. , & blanket insurance! Simply Awesome & Worry Free residence that's great for those from all walks of life! Washer, Dryer & Fridge will Convey! Don't Wait! Schedule Your Personal Showing NOW!

19. 2019-06-11
    soldstatus

    Show marketing remark (589 chars)

    ATTENTION AGGIE PARENTS & INVESTORS! Immaculate 2 BD / 1 1/2 BA, Sutter's Mill Condo!!! Must See! Just minutes away from the TAMU Campus and on the TAMU bus route! This Absolutely CHARMING! & Well Cared For Condo is perfect for your Aggie! Amenties include access to the crisp cool community pool, paid lawn/landscaping maint. , sewer, water, trash, exterior maint. , & blanket insurance! Simply Awesome & Worry Free residence that's great for those from all walks of life! Washer, Dryer & Fridge will Convey! Don't Wait! Schedule Your Personal Showing NOW!

20. 2019-03-13
    listed $104,900 589-char remark

    Show marketing remark (589 chars)

    ATTENTION AGGIE PARENTS & INVESTORS! Immaculate 2 BD / 1 1/2 BA, Sutter's Mill Condo!!! Must See! Just minutes away from the TAMU Campus and on the TAMU bus route! This Absolutely CHARMING! & Well Cared For Condo is perfect for your Aggie! Amenties include access to the crisp cool community pool, paid lawn/landscaping maint. , sewer, water, trash, exterior maint. , & blanket insurance! Simply Awesome & Worry Free residence that's great for those from all walks of life! Washer, Dryer & Fridge will Convey! Don't Wait! Schedule Your Personal Showing NOW!

21. 2009-07-27
    soldstatus
22. 2007-03-01
    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: $2,746 · $229/mo
• Projected year-2 tax: $2,746 · $229/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $16,397
• − Mortgage interest: −$7,450
• − Property taxes: −$2,746
• − Insurance: −$665
• − Repairs & maintenance: −$1,312
• − Management: −$1,312
• − Depreciation: −$3,869
• Taxable loss: −$956
• Est. tax savings @ 24.0%: +$230
• After-tax cash flow: $1,403/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: College Station ISD
• NCES district ID: 4807350
• Math proficiency: 58% ▼ -4.00%
• Reading proficiency: 54% ▼ -2.00%
• Median HH income: $36,991
• Composite: 46.54/100
• National rank: #2428
• State rank: #113 of 826 in TX

Livability — College Station

• Score: 83/100
• State rank: #11
• US rank: #994

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: College Station, TX
• County: Brazos County · 233,400 people
• City population: 131,628
• Metro: College Station-Bryan, TX
• Population (ZIP): 54,864
• Household income: $30,377
• Rent vs Own: 89.7% rent · 10.3% own
• Severe rent burden: 8224.0

Population outlook (Brazos County) Hauer SSP2

• Today (2025): 267,942 people
• By 2030: 296,630 · +10.7%
• By 2040: 354,560 · +32.3%
• By 2050: 414,616 · +54.7%
• By 2075: 562,158 · +109.8%
• By 2100: 678,828 · +153.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 55% Hispanic / Latino 20% Two or more races 11% Black 11% Asian 9%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Romanian 2% Lithuanian 2% Italian 2%
• Foreign-born: 14% · Canada, China, South Korea
• Languages at home: 77% English-only · Spanish 12% Other Indo-European 3% Chinese 2%

Political lean MEDSL · Brazos

• 2024 margin: Strong R (+24.9) · D 36.9% · R 61.7% · Other 1.4%
• 2008→2024 swing: +4.1pp toward D · 2008: -28.9pp · 2024: -24.9pp
• All cycles: 2024: R+24.9 2020: R+14.3 2016: R+23.7 2012: R+35.3 2008: R+28.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -155.15%
• Current HPI: 195.2885
• Rent YoY: ▲ 6.24%
• Metro: College Station-Bryan, 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

+26.8% since first listed

7 events — show timeline

• 2026-05-02 Price Changed $133,000 BCSRMLS
• 2026-04-27 Listed $137,500 BCSRMLS
• 2019-06-11 Sold (Public Records) — Public Records
• 2019-06-11 Sold (MLS) — BCSRMLS
• 2019-03-13 Listed $104,900 BCSRMLS
• 2009-07-27 Sold (Public Records) — Public Records
• 2007-03-01 Sold (Public Records) — Public Records

Property tax history

+4.2%/yr

Latest (2025): $2,746 · +20.1% YoY. Source: county tax records.