612 W Rebecca Ave · Iowa Park, TX 76367

$175,000

3 bd · 3.0 ba · 1,770 sqft · SingleFamily public records · 38 Days on market

Built 1965 $99/sqft · 11% below area Est $196k · 11% under ↓ 8% since listing

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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 +13.0/30.0
• ARV discount +12.4/15.0
• Appreciation +10.0/10.0
• Schools +4.6/10.0
• 1% rule +4.4/10.0
• DSCR +3.9/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Great family home in Iowa Park offering approximately 1770 sq ft and located just blocks from Kidwell Elementary with easy access to Hwy 287. Features include a spacious den with gas log fireplace, formal dining space plus breakfast area, and open kitchen with tile countertops, built-in oven, cooktop, and dishwasher. Separate laundry room with extra storage/pantry area. 3 bedrooms, 2 full baths, 2-car carport, covered back patio, and approx. 400 sq ft workshop.

Key facts

• Tile countertops
• Formal dining space
• Gas log fireplace

Tags

• SPACIOUS DEN
• GAS LOG FIREPLACE
• FORMAL DINING SPACE
• BREAKFAST AREA
• OPEN KITCHEN
• TILE COUNTERTOPS

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Faces south
• Construction: Brick and vinyl siding construction; Composition roof; Slab foundation; Built as residential single family
• Exterior features: Covered porch; Fenced yard; Workshop

Interior

• Kitchen: Range; Oven; Dishwasher; Disposal
• Flooring: Carpet; Tile
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Eat-in kitchen; Gas fireplace in the living room

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $-10 ($-124/yr) — negative.
• To cash-flow at today's rent, offer at most $173k (1.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $164k (6.0% below list).
• Recommended offer: $164k (6.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#272 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety C-, amenities F, commute F.
• Iowa Park CISD (town): math 57% / reading 49% proficiency, ranked #129 of 826 in TX (top 16%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Bradford El (math 58% / reading 51%, grade C, #621 of 4,322 statewide, top 15%, 447 students, 46% FRL); Iowa Park Jjaep (1 students, 0% FRL); Iowa Park H S (math 72% / reading 67%, grade B, #119 of 1,632 statewide, top 9%, 544 students, 34% FRL).
• Market conditions: 63 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 231 units permitted in Wichita County in 2024 (10 in 5+ unit buildings).

Forward outlook

• In year one you build about $19k of equity ($1k loan paydown + $18k appreciation (10.0% local appreciation)).
• Wichita County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• 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

• It's been on market 38 days — a 3% lower offer ($170k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $164,500 (6.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
3. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 0.94% ✗
• Cap rate: 6.22%
• Cash-on-cash: -0.25%
• DSCR: 0.99
• GRM: 8.9

CMA / ARV

• ARV (median comp): $196,261
• List price: $175,000
• Delta: -10.83%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
911 W Louisa Ave	0.38mi	3/2.0	1,728 (-2%)	2mo	$157,872	$91	73
505 N Yosemite	0.74mi	3/3.0	1,910 (+8%)	1mo	$177,500	$93	52
1607 Karen Ln	0.64mi	3/2.0	1,887 (+7%)	21mo	$204,900	$109	38
1320 Edgehill Trl	0.74mi	3/1.5	1,540 (-13%)	12mo	$199,900	$130	27

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 24.1%
• Equity multiple: 2.93×
• Total profit: $94,737
• Equity at exit: $157,654

10-year hold

• IRR: 21.4%
• Equity multiple: 6.71×
• Total profit: $279,675
• 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 76367

• Home prices YoY: 6.7%
• Active inventory: 63
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,645 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$319 /mo · $3,831/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$345
• Net cashflow: $-10

Break-even live

Break-even rent $1,658

Max offer price $173,171

Occupancy floor 96%

Sensitivity live

Price	-10% $89	-5% $39	+0% $-10	+5% $-60	+10% $-109
Rent	-10% $-140	-5% $-75	+0% $-10	+5% $55	+10% $120
Rate	-1.0pp $78	-0.5pp $34	base $-10	+0.5pp $-56	+1.0pp $-102

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
909 Van Horn St Iowa Park, TX	3.0	2.0	1677	$1,645	$0.98	44d	1	0.42mi

Listing history 19 events

1. 2026-06-19
   days on market $175,000 Active 38 DOM
2. 2026-06-18
   days on market $175,000 Active 37 DOM
3. 2026-06-17
   days on market $175,000 Active 36 DOM
4. 2026-06-17
   price $175,000 Active 35 DOM
5. 2026-06-16
   days on market $179,900 Active 35 DOM
6. 2026-06-15
   days on market $179,900 Active 34 DOM
7. 2026-06-14
   days on market $179,900 Active 32 DOM
8. 2026-06-13
   days on market $179,900 Active 31 DOM
9. 2026-06-10
   days on market $179,900 Active 29 DOM
10. 2026-06-09
    days on market $179,900 Active 28 DOM
11. 2026-06-08
    days on market $179,900 Active 27 DOM
12. 2026-06-07
    pricedays on market $179,900 Active 26 DOM
13. 2026-06-03
    days on market $189,900 Active 22 DOM
14. 2026-06-02
    days on market $189,900 Active 21 DOM
15. 2026-06-01
    days on market $189,900 Active 20 DOM
16. 2026-05-31
    days on market $189,900 Active 19 DOM
17. 2026-05-30
    days on market $189,900 Active 18 DOM
18. 2026-05-12
    listed $189,900 Active 465-char remark
19. 2004-12-13
    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: $3,831 · $319/mo
• Projected year-2 tax: $3,831 · $319/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 8/10 Severe
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% 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: $19,740
• − Mortgage interest: −$9,803
• − Property taxes: −$3,831
• − Insurance: −$875
• − Repairs & maintenance: −$1,579
• − Management: −$1,579
• − Depreciation: −$5,091
• Taxable loss: −$3,018
• Est. tax savings @ 24.0%: +$724
• After-tax cash flow: $600/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: Iowa Park CISD
• NCES district ID: 4824260
• Math proficiency: 57% ▼ -1.00%
• Reading proficiency: 49% ▼ -4.00%
• Median HH income: $52,689
• Composite: 45.57/100
• National rank: #2597
• State rank: #129 of 826 in TX

Livability — Iowa Park

• Score: 72/100
• State rank: #272
• US rank: #6350

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Iowa Park, TX
• City population: 14,013
• Population (ZIP): 14,013

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%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 16% Black 10% Two or more races 8% Asian 1% Native American 1%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Lithuanian 1% Portuguese 1% Slovak 1%
• Foreign-born: 4% · Canada, Vietnam
• Languages at home: 93% English-only · Spanish 6%

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: ▲ 24.29%
• Current HPI: 387.78
• 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

-7.8% since first listed

4 events — show timeline

• 2026-06-16 Price Changed $175,000 WFAOR
• 2026-06-04 Price Changed $179,900 WFAOR
• 2026-05-12 Listed $189,900 WFAOR
• 2004-12-13 Sold (Public Records) — Public Records

Property tax history

+4.4%/yr

Latest (2025): $3,831 · +6.3% YoY. Source: county tax records.