2101 Corona Dr · Killeen, TX 76549

$159,999

3 bd · 2.0 ba · 1,414 sqft · SingleFamily public records · 431 Days on market

Built 1983 6,146 sqft lot $113/sqft · at area comps Est $168k · at est.

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Why this score? — see what drove the D 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 +12.5/30.0
• ARV discount +9.7/15.0
• DSCR +3.7/10.0
• 1% rule +3.4/10.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

LOCATED IN KILLEEN! This three-bedroom home will need a little work, but it has a lot of potential. It is in Killeen, Texas which is located north of Austin, near Fort Cavazos and Texas A&M University - Central Texas. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

Key facts

• 6,146 sq ft lot
• 2 garage spots
• Built 1983

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $-23 ($-272/yr) — negative.
• To cash-flow at today's rent, offer at most $156k (2.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $134k (16.1% below list).
• Recommended offer: $134k (16.1% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 3.9% in Killeen — 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 63/100 on livability (#853 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities D, employment D, crime D-.
• Killeen ISD (urban): math 31% / reading 38% proficiency, ranked #524 of 826 in TX (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Live Oak Ridge Middle (math 25% / reading 33%, grade F, #1,103 of 1,662 statewide, top 67%, 729 students, 74% FRL); Robert M Shoemaker H S (math 18% / reading 39%, grade F, #1,157 of 1,632 statewide, top 72%, 2,175 students, 60% FRL) — zoned schools average 67% FRL vs 47% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.1%/yr); 433 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 3,222 units permitted in Bell County in 2024 (246 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.
• Bell County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 431 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 56% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $134,243 (16.1% 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 431 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.84% ✗
• Cap rate: 6.12%
• Cash-on-cash: -0.61%
• DSCR: 0.97
• GRM: 9.9

CMA / ARV

• ARV (median comp): $168,088
• List price: $159,999
• Delta: -4.81%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1701 Bobby Lee Dr	0.17mi	3/2.5	1,413 (-0%)	4mo	$130,000	$92	87
1702 Big Bend Dr	0.49mi	3/2.0	1,444 (+2%)	3mo	$162,500	$113	71
1308 Goodhue Dr	0.11mi	3/2.0	1,248 (-12%)	8mo	$183,000	$147	69
2302 Bluebonnet Dr	0.28mi	3/2.0	1,289 (-9%)	13mo	$187,690	$146	62
3004 Tallwood Dr	0.54mi	4/2.0 (+1)	1,412 (-0%)	9mo	$224,900	$159	62
3010 Westrim Dr	0.60mi	4/2.0 (+1)	1,442 (+2%)	5mo	$199,900	$139	59
2205 Bluebonnet Dr	0.25mi	3/3.0	1,622 (+15%)	3mo	$215,000	$133	58
2702 Wildflower Dr	0.46mi	3/2.0	1,246 (-12%)	4mo	$112,000	$90	55
2701 Wildflower Dr	0.48mi	3/2.0	1,588 (+12%)	4mo	$164,900	$104	54
2806 Woodlands Dr	0.48mi	3/2.0	1,205 (-15%)	7mo	$172,000	$143	47
1310 Bonner Dr	0.70mi	3/2.0	1,204 (-15%)	2mo	$155,000	$129	41
1527 Ferndale Dr	0.64mi	4/3.0 (+1)	1,608 (+14%)	13mo	$175,000	$109	27

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 · 1.14% rent growth · sell at horizon

5-year hold

• IRR: -19.4%
• Equity multiple: 0.33×
• Total profit: $-29,832
• Equity at exit: $23,856

10-year hold

• IRR: -16.4%
• Equity multiple: 0.16×
• Total profit: $-37,562
• Equity at exit: $13,834

Cash invested: $44,800 (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 →

ZIP-level market 76549

• Home prices YoY: -12.6%
• Rents YoY: 1.1%
• Active inventory: 433
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,342 high
• Mortgage (P&I): −$839
• Tax from tax record: −$177 /mo · $2,130/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$282
• Net cashflow: $-23

Break-even live

Break-even rent $1,371

Max offer price $155,991

Occupancy floor 97%

Sensitivity live

Price	-10% $68	-5% $23	+0% $-23	+5% $-68	+10% $-113
Rent	-10% $-129	-5% $-76	+0% $-23	+5% $30	+10% $83
Rate	-1.0pp $58	-0.5pp $18	base $-23	+0.5pp $-64	+1.0pp $-106

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2104 Corona Dr Killeen, TX	3.0	2.0	1480	$1,450	$0.98	25d	1	0.04mi
2104 Corona Dr Killeen, TX	3.0	2.0	1480	$1,450	$0.98	23d	1	0.04mi
1304 Quail Cir Unit D Killeen, TX	2.0	1.0	964	$650	$0.67	15d	1	0.10mi
1302 Quail Cir Unit B Killeen, TX	2.0	1.0	900	$800	$0.89	25d	1	0.10mi
1806 Bobby Lee Dr Killeen, TX	3.0	2.0	1220	$1,295	$1.06	25d	1	0.11mi
1305 Quail Cir Apt B Killeen, TX	2.0	1.0	900	$695	$0.77	15d	1	0.13mi
2002 Hinkle Ave Killeen, TX	3.0	2.0	1370	$1,225	$0.89	25d	1	0.17mi
1714 West Ln Killeen, TX	2.0	1.0	899	$1,200	$1.33	45d	1	0.20mi
2211 Wheeler Ave Apt B Killeen, TX	2.0	2.0	1168	$1,050	$0.90	15d	1	0.20mi
2404 Fieldstone Dr Killeen, TX	3.0	2.0	1200	$1,365	$1.14	25d	1	0.22mi
1613 Bobby Lee Dr Killeen, TX	3.0	2.5	1274	$1,495	$1.17	25d	1	0.22mi
2512 Schulze Dr Killeen, TX	3.0	2.5	1638	$1,450	$0.89	25d	1	0.25mi
1213 Meadow Dr Killeen, TX	3.0	2.0	1213	$1,345	$1.11	45d	1	0.26mi
1100 Willow Springs Rd Killeen, TX	1.0–3.0	1.0–2.0	848	$1,400	$1.65	15d	36	0.27mi
2410 Grasslands Dr Killeen, TX	3.0	2.0	1352	$1,395	$1.03	25d	1	0.29mi
2404 Bluebonnet Dr Killeen, TX	3.0	2.0	1095	$1,350	$1.23	45d	1	0.32mi
1228 Chippendale Dr Killeen, TX	3.0	2.0	1271	$1,395	$1.10	15d	1	0.33mi
2408 Bluebonnet Dr Killeen, TX	3.0	2.5	1622	$1,545	$0.95	25d	1	0.33mi
2609 Bermuda Dr Unit C Killeen, TX	2.0	1.5	1025	$950	$0.93	25d	1	0.34mi
1510 Westway Dr Killeen, TX	3.0	2.0	1073	$1,225	$1.14	15d	1	0.35mi
2604 Woodlands Dr Killeen, TX	3.0	2.0	1089	$1,300	$1.19	15d	1	0.35mi
2604 Woodlands Dr Killeen, TX	3.0	2.0	1089	$1,295	$1.19	25d	1	0.35mi
1149 Royal Crest Dr Killeen, TX	2.0	2.0	1291	$1,095	$0.85	25d	1	0.35mi
2501 Cactus Dr Killeen, TX	3.0	2.5	1622	$1,425	$0.88	45d	1	0.35mi
1307 Linda Spur Killeen, TX	3.0	2.0	1660	$1,595	$0.96	45d	1	0.36mi
2701 Bermuda Dr Unit A Killeen, TX	2.0	1.5	924	$949	$1.03	45d	1	0.37mi
2701 Woodlands Dr Killeen, TX	3.0	2.0	1293	$1,495	$1.16	25d	1	0.38mi
1109 Wales Dr Unit 1 Killeen, TX	2.0	1.5	1160	$995	$0.86	45d	1	0.38mi
1109 Wales Dr Killeen, TX	2.0	2.0	1160	$995	$0.86	45d	1	0.38mi
2412 Skylark Cir Killeen, TX	2.0	1.5	1110	$1,050	$0.95	45d	1	0.39mi
2404 Windmill Dr Killeen, TX	2.0	1.0	915	$1,195	$1.31	15d	1	0.40mi
1108 Royal Crest Dr Killeen, TX	2.0	1.5	992	$895	$0.90	45d	1	0.40mi
1218 Westway Cir Killeen, TX	2.0	1.5	1132	$1,010	$0.89	45d	1	0.41mi
1108 Ridgeway Dr Killeen, TX	3.0	2.0	1295	$1,345	$1.04	25d	1	0.42mi
1520 McCarthy Ave Killeen, TX	3.0	2.0	1789	$1,275	$0.71	25d	1	0.43mi
2505 Armadillo Dr Killeen, TX	3.0	2.0	1118	$1,400	$1.25	45d	1	0.45mi
1204 Alta Vista Dr Killeen, TX	4.0	2.0	1624	$1,450	$0.89	45d	1	0.46mi
1802 Big Bend Dr Killeen, TX	3.0	2.0	1515	$1,650	$1.09	45d	1	0.49mi
1704 Big Bend Dr Killeen, TX	3.0	2.0	1472	$1,600	$1.09	25d	1	0.50mi
1208 Ridgemont Dr Killeen, TX	3.0	1.0	1224	$1,150	$0.94	25d	1	0.51mi

Listing history 18 events

1. 2026-06-22
   days on market $159,999 Active 431 DOM
2. 2026-06-18
   days on market $159,999 Active 428 DOM
3. 2026-06-17
   days on market $159,999 Active 427 DOM
4. 2026-06-16
   days on market $159,999 Active 426 DOM
5. 2026-06-15
   days on market $159,999 Active 425 DOM
6. 2026-06-14
   days on market $159,999 Active 423 DOM
7. 2026-06-13
   days on market $159,999 Active 422 DOM
8. 2026-06-10
   days on market $159,999 Active 420 DOM
9. 2026-06-09
   days on market $159,999 Active 419 DOM
10. 2026-06-08
    days on market $159,999 Active 418 DOM
11. 2026-06-07
    days on market $159,999 Active 417 DOM
12. 2026-06-03
    days on market $159,999 Active 413 DOM
13. 2026-06-02
    days on market $159,999 Active 412 DOM
14. 2026-06-01
    days on market $159,999 Active 411 DOM
15. 2026-05-31
    days on market $159,999 Active 410 DOM
16. 2026-05-30
    days on market $159,999 Active 409 DOM
17. 2025-04-16
    listed $159,999 Active 447-char remark

    Show marketing remark (447 chars)

    LOCATED IN KILLEEN! This three-bedroom home will need a little work, but it has a lot of potential. It is in Killeen, Texas which is located north of Austin, near Fort Cavazos and Texas A&M University - Central Texas. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

18. 1988-11-29
    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: $2,130 · $177/mo
• Projected year-2 tax: $2,928 · $244/mo
• Expected delta: +$798/yr (+$67/mo · 37.5%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 56% 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: $16,109
• − Mortgage interest: −$8,962
• − Property taxes: −$2,130
• − Insurance: −$800
• − Repairs & maintenance: −$1,289
• − Management: −$1,289
• − Depreciation: −$4,655
• Taxable loss: −$3,015
• Est. tax savings @ 24.0%: +$724
• After-tax cash flow: $451/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: Killeen ISD
• NCES district ID: 4825660
• Math proficiency: 31% ▼ -16.00%
• Reading proficiency: 38% ▼ -3.00%
• Median HH income: $47,665
• Composite: 29.69/100
• National rank: #6458
• State rank: #524 of 826 in TX

Livability — Killeen

• Score: 63/100
• State rank: #853
• US rank: #15359

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Killeen, TX
• County: Bell County · 345,090 people
• City population: 163,398
• Metro: Killeen-Temple, TX
• Population (ZIP): 56,038
• Household income: $70,871
• Rent vs Own: 44.7% rent · 55.3% own
• Severe rent burden: 1874.0

Population outlook (Bell County) Hauer SSP2

• Today (2025): 371,114 people
• By 2030: 389,104 · +4.8%
• By 2040: 420,592 · +13.3%
• By 2050: 447,779 · +20.7%
• By 2075: 499,130 · +34.5%
• By 2100: 505,680 · +36.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.74)
• Race & ethnicity: Black 35% White 27% Hispanic / Latino 26% Two or more races 16% Asian 4% Pacific Islander 1%
• Hispanic origin (detail): Mexican 13% Puerto Rican 9%
• Common ancestry: Italian 3% Romanian 1% Slovak 1%
• Foreign-born: 8% · Canada, Vietnam, South Korea
• Languages at home: 77% English-only · Spanish 17% Tagalog/Filipino 1% German/W. Germanic 1%

Political lean MEDSL · Bell

• 2024 margin: R (+16.2) · D 41.3% · R 57.6% · Other 1.1%
• 2008→2024 swing: -6.5pp toward R · 2008: -9.8pp · 2024: -16.2pp
• All cycles: 2024: R+16.2 2020: R+8.5 2016: R+15.1 2012: R+16.4 2008: R+9.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -24.68%
• Current HPI: 171.2708
• Rent YoY: ▲ 1.14%
• Metro: Killeen-Temple, 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

2 events — show timeline

• 2025-04-16 Listed $159,999 HARMLS
• 1988-11-29 Sold (Public Records) — Public Records

Property tax history

+0.2%/yr

Latest (2025): $2,130 · -39.9% YoY. Source: county tax records.