1307 Giddings St · Wichita Falls, TX 76309

$60,000

2 bd · 1.0 ba · 1,260 sqft · SingleFamily public records · 111 Days on market

Built 1920 Average condition $48/sqft · 34% below area Est $91k · 34% under ↓ 14% since listing

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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
• Rent growth +4.6/5.0
• Livability +3.5/5.0
• Condition / age +2.8/5.0
• Schools +2.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move in ready home featuring 2 living areas and many updates including new carpet, fresh interior paint, several new ceiling fans and light fixtures, and a refreshed bathroom. The hard wood floors are in good condition and the house has nice natural light. The property has a large fenced backyard and is just a short walk to Bridwell Park and a few blocks away from Kemp Street.

Key facts

• Hard wood floors
• New carpet
• New ceiling fans

Tags

• NEW CARPET
• FRESH INTERIOR PAINT
• NEW CEILING FANS
• LIGHT FIXTURES
• REFRESHED BATHROOM
• HARD WOOD FLOORS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $60k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $404 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $55k (9.0% below list) — sets the bar for market timing.
• Cap rate 14.4% vs local median 4.8% 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 fast (+8.3%/yr); 225 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 36d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% 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 $415 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 + 8.0% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 111 days — a 9% lower offer ($55k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $54,600 (9.0% below list)

Questions for the listing agent

1. It's been on market 111 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 1920 — 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. 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?
7. 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.
8. 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.
9. 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: 1.75% ✓
• Cap rate: 14.38%
• Cash-on-cash: 28.86%
• DSCR: 2.28
• GRM: 4.8

CMA / ARV

• ARV (median comp): $90,985
• List price: $60,000
• Delta: -34.06%
• Verdict: UNDERPRICED
• Comps: 16 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1300 Bell St	0.09mi	2/1.5	1,150 (-9%)	13mo	$59,000	$51	68
2110 9th St	0.36mi	2/1.0	1,426 (+13%)	0mo	$25,000	$18	61
2168 Avenue H	0.40mi	3/2.0 (+1)	1,340 (+6%)	10mo	$45,500	$34	53
2147 Avenue J	0.50mi	3/1.0 (+1)	1,140 (-10%)	14mo	$135,000	$118	44
1642 Pearl Ave	0.74mi	2/1.0	1,148 (-9%)	8mo	$59,000	$51	44
2109 8th St	0.41mi	2/2.0	1,377 (+9%)	22mo	$69,900	$51	43
2402 Kings Hwy	0.73mi	3/2.0 (+1)	1,365 (+8%)	17mo	$105,000	$77	29
2006 Speedway Ave	0.75mi	2/2.0	1,426 (+13%)	14mo	$229,900	$161	28

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 28.9%
• Equity multiple: 2.29×
• Total profit: $21,596
• Equity at exit: $8,946

10-year hold

• IRR: 39.1%
• Equity multiple: 5.60×
• Total profit: $77,337
• Equity at exit: $5,188

Cash invested: $16,800 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 52 active · 6 under contract
• Months of supply: 156.0 mo (1%/mo absorbed)
• Median asking: $91,000 ($79/sqft)
• Median days on market: 87 d
• This list price: 21% of active listings are priced below it
• ARV vs active asking: -8.2% vs current asking $/sqft

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

ZIP-level market 76309

• Rents YoY: 8.3%
• Active inventory: 225
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,052 high
• Mortgage (P&I): −$315
• Tax from tax record: −$87 /mo · $1,044/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$221
• Net cashflow: $404

Break-even live

Break-even rent $540

Max offer price $60,000

Occupancy floor 57%

Sensitivity live

Price	-10% $438	-5% $421	+0% $404	+5% $387	+10% $370
Rent	-10% $321	-5% $363	+0% $404	+5% $446	+10% $487
Rate	-1.0pp $434	-0.5pp $419	base $404	+0.5pp $389	+1.0pp $373

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: $15,000
• Closing costs: $1,800
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1301 Giddings St Wichita Falls, TX	3.0	1.0	1000	$1,150	$1.15	184d	1	0.03mi
2112 Avenue E Wichita Falls, TX	3.0	1.0	1200	$995	$0.83	6d	1	0.10mi
1310 Harrison St Unit A Wichita Falls, TX	2.0	1.0	912	$900	$0.99	43d	1	0.12mi
1310 Harrison St Unit A Wichita Falls, TX	2.0	1.0	912	$900	$0.99	44d	1	0.12mi
1323 Britain St Wichita Falls, TX	3.0	1.0	1248	$1,250	$1.00	0d	1	0.13mi
1307 Polk St Wichita Falls, TX	3.0	2.0	909	$899	$0.99	0d	1	0.18mi
2142 Avenue F Unit F Wichita Falls, TX	2.0	1.0	1060	$995	$0.94	10d	1	0.20mi
2142 Avenue F Unit F Wichita Falls, TX	2.0	1.0	1060	$995	$0.94	1d	1	0.20mi
1507 Polk St Wichita Falls, TX	3.0	1.0	1316	$1,050	$0.80	184d	1	0.27mi
2304 10th St Wichita Falls, TX	3.0	2.0	1370	$1,100	$0.80	25d	1	0.29mi
2159 Avenue F Unit F Wichita Falls, TX	3.0	1.0	1000	$995	$0.99	19d	1	0.29mi
1825 11th St Wichita Falls, TX	2.0	1.0	1206	$1,175	$0.97	28d	1	0.35mi
2010 Wilson Ave Wichita Falls, TX	3.0	1.0	1050	$995	$0.95	51d	1	0.38mi
2215 8th St Wichita Falls, TX	3.0	2.0	1090	$1,035	$0.95	0d	1	0.40mi
1515 Fillmore St Wichita Falls, TX	3.0	2.0	909	$1,225	$1.35	184d	1	0.41mi
1901 Giddings St Wichita Falls, TX	3.0	2.0	909	$1,175	$1.29	184d	1	0.41mi
1304 Kemp Blvd Wichita Falls, TX	3.0	1.5	1602	$1,250	$0.78	10d	1	0.43mi
1710 Monroe St Wichita Falls, TX	2.0	1.0	1395	$1,050	$0.75	10d	1	0.43mi
1710 Monroe St Unit 1 Wichita Falls, TX	2.0	1.0	1395	$995	$0.71	7d	1	0.43mi
1821 9th St Unit B Wichita Falls, TX	2.0	1.0	1200	$795	$0.66	184d	1	0.47mi
2006 Bell St Wichita Falls, TX	3.0	1.0	1120	$1,000	$0.89	184d	1	0.52mi
2130 Avenue K Wichita Falls, TX	3.0	2.0	1090	$1,390	$1.28	184d	1	0.53mi
1813 Polk St Wichita Falls, TX	3.0	2.0	1090	$1,364	$1.25	184d	1	0.54mi
1803 Fillmore St Unit a Wichita Falls, TX	3.0	2.0	876	$745	$0.85	35d	1	0.56mi
906 Grant St Wichita Falls, TX	1.0–2.0	1.0	1000	$1,000	$1.00	0d	2	0.59mi
906 Grant St Unit 109 Wichita Falls, TX	1.0	1.0	900	$1,000	$1.11	10d	1	0.59mi
1710 10th St Wichita Falls, TX	2.0	1.0	1000	$795	$0.80	49d	1	0.59mi
1916 7th St Wichita Falls, TX	2.0	1.0	1226	$1,050	$0.86	184d	1	0.60mi
1706 McGregor Ave Wichita Falls, TX	3.0	1.0	1250	$950	$0.76	50d	1	0.61mi
1653 Elizabeth Ave Wichita Falls, TX	3.0	1.0	1426	$1,350	$0.95	10d	1	0.68mi
1646 Elizabeth Ave Wichita Falls, TX	3.0	2.0	1090	$965	$0.89	0d	1	0.71mi
2906 9th St Wichita Falls, TX	3.0	1.0	1066	$950	$0.89	31d	1	0.71mi
2304 Avenue K Wichita Falls, TX	3.0	2.0	1040	$1,050	$1.01	184d	1	0.72mi
1714 7th St Wichita Falls, TX	3.0	1.0	1452	$850	$0.59	184d	1	0.75mi
504 Kemp Blvd Wichita Falls, TX	2.0	2.0	922	$1,095	$1.19	44d	1	0.75mi
2003 Buchanan St Wichita Falls, TX	3.0	2.0	1118	$1,100	$0.98	184d	1	0.79mi
2805 Avenue I Unit I Wichita Falls, TX	3.0	2.0	1150	$1,495	$1.30	10d	1	0.79mi
2805 Avenue I Unit I Wichita Falls, TX	3.0	2.0	1150	$1,495	$1.30	24d	1	0.79mi
1662 Keeler Ave Wichita Falls, TX	2.0	2.0	1112	$1,100	$0.99	43d	1	0.82mi
1716 Victory Ave Wichita Falls, TX	3.0	2.0	1509	$2,050	$1.36	28d	1	0.84mi

Listing history 11 events

1. 2026-06-07
   days on market $60,000 Active 111 DOM
2. 2026-06-05
   days on market $60,000 Active 108 DOM
3. 2026-06-02
   days on market $60,000 Active 106 DOM
4. 2026-06-01
   days on market $60,000 Active 105 DOM
5. 2026-05-31
   days on market $60,000 Active 104 DOM
6. 2026-05-30
   days on market $60,000 Active 103 DOM
7. 2026-04-29
   price $60,000 379-char remark

   Show marketing remark (379 chars)

   Move in ready home featuring 2 living areas and many updates including new carpet, fresh interior paint, several new ceiling fans and light fixtures, and a refreshed bathroom. The hard wood floors are in good condition and the house has nice natural light. The property has a large fenced backyard and is just a short walk to Bridwell Park and a few blocks away from Kemp Street.

8. 2026-02-16
   listed $70,000 Active 379-char remark

   Show marketing remark (379 chars)

   Move in ready home featuring 2 living areas and many updates including new carpet, fresh interior paint, several new ceiling fans and light fixtures, and a refreshed bathroom. The hard wood floors are in good condition and the house has nice natural light. The property has a large fenced backyard and is just a short walk to Bridwell Park and a few blocks away from Kemp Street.

9. 2010-01-08
   soldstatus
10. 2008-02-11
    soldstatus
11. 2007-11-19
    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: $1,044 · $87/mo
• Projected year-2 tax: $1,098 · $92/mo
• Expected delta: +$54/yr (+$4/mo · 5.1%)

ⓘ 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 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 20 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: $12,619
• − Mortgage interest: −$3,361
• − Property taxes: −$1,044
• − Insurance: −$300
• − Repairs & maintenance: −$1,010
• − Management: −$1,010
• − Depreciation: −$1,745
• Taxable income: $4,150
• Est. tax owed @ 24.0%: −$996
• After-tax cash flow: $3,853/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 · 10 photos

Average 55/100 Cosmetic rehab Est. rehab $6,300–$18,900 screening

This move-in ready home features updates like new carpet and fresh paint, but could benefit from additional updates to the exterior and interior to further enhance its value.

Components & finishes AI

Flooring carpet

Deferred maintenance Est. $50,000–$150,000 screening

• Major Roof (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — roof appears damaged and missing shingles
• Major Windows (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — windows appear old and possibly not sealed properly
• Major Electrical (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — electrical panel appears old and possibly not up to code
• Major Plumbing (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — plumbing fixtures appear old and possibly not up to code
• Major Exterior (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — exterior walls appear old and possibly not up to code

Repairs flagged

• Minor Paint — existing paint appears faded
• Minor Ceiling fans — existing ceiling fans appear functional
• Minor Light fixtures — existing light fixtures appear functional

Value-add opportunities

• Resale Paint — Fresh paint can enhance curb appeal and interior aesthetics ↑
• Rental Ceiling fans — Upgraded ceiling fans can improve air circulation and comfort ↑
• Both Light fixtures — Modern light fixtures can enhance both curb appeal and interior aesthetics ↑

ⓘ 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): 13,395
• Household income: $54,159
• Rent vs Own: 42.7% rent · 57.3% own
• Severe rent burden: 8% 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 0.57)
• Race & ethnicity: White 58% Hispanic / Latino 29% Two or more races 12% Black 6% Asian 2% Native American 2%
• Hispanic origin (detail): Mexican 27%
• Languages at home: 82% English-only · Spanish 15% Vietnamese 1% French/Haitian/Cajun 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: ▼ -88.35%
• Current HPI: 137.2935
• Rent YoY: ▲ 8.33%
• 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

Price history

-14.3% since first listed

5 events — show timeline

• 2026-04-29 Price Changed $60,000 WFAOR
• 2026-02-16 Listed $70,000 WFAOR
• 2010-01-08 Sold (Public Records) — Public Records
• 2008-02-11 Sold (Public Records) — Public Records
• 2007-11-19 Sold (Public Records) — Public Records

Property tax history

+5.8%/yr

Latest (2025): $1,044 · +1.6% YoY. Source: county tax records.