361 N Shore Pl · Lewisville, TX 75067

$179,999

3 bd · 1.0 ba · 1,307 sqft · SingleFamily public records · 6 Days on market

Built 1962 6,840 sqft lot $138/sqft · 34% below area Est $274k · 34% 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 +21.9/30.0
• ARV discount +15.0/15.0
• DSCR +7.0/10.0
• 1% rule +6.0/10.0
• Schools +4.7/10.0
• Livability +3.5/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Great entry-level opportunity in the heart of Lewisville. This 3-bedroom, 1.5- bath home offers 1,307 SF on a spacious lot and is priced well below nearby comparable homes, making it ideal for investors, first-time buyers, or anyone looking to add value through updates. Conveniently located near major highways, shopping, dining, and Lewisville Lake.

Key facts

• 6,840 sq ft lot
• Built 1962
• Listed 6 days

Property features AI

Finance

• Other: Property is listed for sale and currently Active Under Contract
• Financial info: No second mortgage; Loan type listed as: Treat As Clear
• HOA & community: No homeowners association

Exterior

• Parking: Driveway; On-street parking; No garage or carport spaces
• Security: No specific security features provided
• Utilities: City water; City sewer; Electricity available; Cable available
• Home design: Single family residence; Residential property; One story; Built in 1962; Not attached to another property
• Construction: Year built 1962; No additional construction material or roof/foundation details provided
• Exterior features: Lot under 0.5 acre (approximately 0.157 acres); Approximate lot size 6,840 square feet; Subdivision: Lakeland Terrace 2

Interior

• Kitchen: Includes appliances (listed as other)
• Bedrooms: Three bedrooms (all on main level); Primary bedroom on main level
• Flooring: No flooring details provided
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: No heating or cooling details provided
• Interior features: Cable TV available; High-speed internet available; Seven total rooms; One living area; One dining area; Single-level home
• Laundry & utility: No specific washer/dryer details provided

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $283 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Cap rate 8.2% vs local median 3.2% in Lewisville — 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 (#440 in TX) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A, crime B+; Watch: commute D+, amenities F, health & safety F.
• Lewisville ISD (suburban): math 49% / reading 54% proficiency, ranked #109 of 826 in TX (top 13%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Lakeland El (math 20% / reading 21%, grade F, #3,515 of 4,322 statewide, top 82%, 620 students, 89% FRL) — zoned schools average 89% FRL vs 26% district-wide (63 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 20% at this address vs 52% district-wide (-31 pts) — the specific schools serving this property underperform the Lewisville ISD average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 223 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 10,531 units permitted in Denton County in 2024 (2,713 in 5+ unit buildings).
• This rent runs 30% of the median local income ($79k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.
• Denton County population projected at +66% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 24% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $179,999

Questions for the listing agent

1. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.10% ✓
• Cap rate: 8.18%
• Cash-on-cash: 6.74%
• DSCR: 1.30
• GRM: 7.6

CMA / ARV

• ARV (median comp): $274,230
• List price: $179,999
• Delta: -34.36%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
361 N Shore Pl	0.00mi	3/1.5	1,307 (0%)	0mo	$179,999	$138	98
109 Ridgeway Cir	0.34mi	3/2.0	1,393 (+7%)	0mo	$265,000	$190	69
1054 Shadow Wood Ln	0.25mi	4/2.0 (+1)	1,362 (+4%)	6mo	$310,000	$228	68
115 Price Dr	0.38mi	3/2.0	1,193 (-9%)	0mo	$205,000	$172	63
1713 Live Oak Dr	0.73mi	3/2.0	1,319 (+1%)	2mo	$348,000	$264	59
318 Price Dr	0.67mi	3/1.5	1,252 (-4%)	1mo	$279,900	$224	58
145 Price Dr	0.43mi	3/2.0	1,193 (-9%)	7mo	$290,900	$244	56
618 W Purnell Rd	0.69mi	3/1.0	1,244 (-5%)	7mo	$220,000	$177	54
408 Price Dr	0.69mi	3/1.5	1,240 (-5%)	6mo	$250,000	$202	52
562 Kent Dr	0.47mi	3/2.0	1,500 (+15%)	0mo	$324,900	$217	49
1273 Palisades Dr	0.75mi	4/2.0 (+1)	1,380 (+6%)	4mo	$229,900	$167	43
524 Ridgecrest Dr	0.57mi	3/2.0	1,124 (-14%)	4mo	$289,000	$257	42

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 · 0.86% rent growth · sell at horizon

5-year hold

• IRR: -8.4%
• Equity multiple: 0.70×
• Total profit: $-15,252
• Equity at exit: $26,838

10-year hold

• IRR: -2.0%
• Equity multiple: 0.88×
• Total profit: $-6,233
• Equity at exit: $15,563

Cash invested: $50,400 (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 75067

• Home prices YoY: -22.7%
• Rents YoY: 0.9%
• Active inventory: 223
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,975 high
• Mortgage (P&I): −$944
• Tax from tax record: −$259 /mo · $3,103/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$415
• Net cashflow: $283

Break-even live

Break-even rent $1,617

Max offer price $179,999

Occupancy floor 81%

Sensitivity live

Price	-10% $385	-5% $334	+0% $283	+5% $232	+10% $181
Rent	-10% $127	-5% $205	+0% $283	+5% $361	+10% $439
Rate	-1.0pp $374	-0.5pp $329	base $283	+0.5pp $236	+1.0pp $189

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
324 N Shore Pl Lewisville, TX	3.0	1.5	1160	$2,150	$1.85	21d	1	0.04mi
843 Harbor Dr Lewisville, TX	3.0	1.0	1210	$2,000	$1.65	44d	1	0.20mi
220 S Shore Pl Lewisville, TX	3.0	2.0	1291	$1,925	$1.49	44d	1	0.30mi
415 Crockett Lewisville, TX	4.0	2.5	1634	$2,500	$1.53	8d	1	0.52mi
1531 S State Highway 121 Lewisville, TX	1.0–3.0	1.0–2.0	928	$2,024	$2.18	0d	82	0.55mi
450 S Edna Ave Lewisville, TX	3.0	2.5	1371	$5,000	$3.65	4d	1	0.61mi
1531 S State Highway 121 Unit 2118 Lewisville, TX	2.0	2.0	1082	$1,363	$1.26	0d	1	0.64mi
1531 S State Highway 121 Apt 3121 Lewisville, TX	3.0	2.0	1278	$1,736	$1.36	0d	1	0.64mi
712 Ridgecrest Dr Lewisville, TX	3.0	2.0	1128	$1,850	$1.64	45d	1	0.67mi
535 S Mill St Lewisville, TX	2.0	1.0–2.0	827	$2,401	$2.90	3d	25	0.69mi
760 S Edmonds Ln Lewisville, TX	2.0	1.0	753	$1,459	$1.94	6d	1	0.71mi
201 W Southwest Pkwy Unit 2118 Lewisville, TX	2.0	2.0	884	$1,275	$1.44	0d	1	0.75mi
400 W Main St Lewisville, TX	1.0–3.0	1.0–2.0	1000	$2,695	$2.69	0d	40	0.84mi
1313 Monaco Dr Lewisville, TX	3.0	2.0	1180	$2,195	$1.86	44d	1	0.84mi
213 Lily Ln Lewisville, TX	3.0	3.5	1859	$2,295	$1.23	13d	1	0.84mi
617 Harvest Hill St Lewisville, TX	2.0	2.0	1112	$1,950	$1.75	0d	1	0.87mi
602 Prairie Dell St Lewisville, TX	2.0	2.0	1112	$2,265	$2.04	15d	1	0.87mi
601 Harvest Hill St Lewisville, TX	2.0	2.0	1314	$1,950	$1.48	44d	1	0.89mi
100 E Main St Lewisville, TX	1.0–2.0	1.0–2.0	1071	$2,620	$2.45	2d	17	0.89mi
120 Main St Lewisville, TX	1.0–3.0	1.0–2.0	1542	$3,464	$2.25	0d	13	0.89mi
1420 Palisades Dr Lewisville, TX	3.0	2.0	1229	$1,924	$1.57	21d	1	0.89mi
557 Hunters Glen St Lewisville, TX	2.0	2.0	1314	$1,800	$1.37	18d	1	0.96mi
1679 S State Highway 121 Lewisville, TX	2.0	2.0	1000	$1,525	$1.52	25d	1	0.96mi
998 Bellaire Blvd Unit 1031 Lewisville, TX	3.0	2.0	1038	$2,074	$2.00	44d	1	0.96mi
998 Bellaire Blvd Unit 2121 Lewisville, TX	2.0	2.0	889	$1,360	$1.53	0d	1	0.96mi
998 Bellaire Blvd Unit 3121 Lewisville, TX	3.0	2.0	1038	$1,953	$1.88	0d	1	0.96mi
998 Bellaire Blvd Unit 1035 Lewisville, TX	2.0	2.0	889	$1,519	$1.71	44d	1	0.96mi
376 W Walters St Lewisville, TX	2.0	1.0	1008	$1,650	$1.64	44d	1	0.97mi
998 Bellaire Blvd Lewisville, TX	2.0	2.0	889	$1,520	$1.71	4d	1	0.97mi
998 Bellaire Blvd Lewisville, TX	3.0	2.0	1038	$1,988	$1.92	5d	1	0.97mi
998 Bellaire Blvd Lewisville, TX	3.0	2.0	1038	$2,076	$2.00	44d	1	0.97mi
541 Hunters Glen St Lewisville, TX	2.0	1.0	1050	$1,675	$1.60	44d	1	0.98mi
505 Legends Dr Lewisville, TX	3.0	2.5	1554	$2,450	$1.58	44d	1	1.00mi
502 Harvest Hill St Lewisville, TX	2.0	1.0	1143	$1,895	$1.66	8d	1	1.00mi
1716 S Edmonds Ln Lewisville, TX	1.0–2.0	1.0–2.0	800	$1,525	$1.91	0d	7	1.00mi
200 Oak Knoll Cir Lewisville, TX	1.0–2.0	1.0–2.0	820	$1,273	$1.55	0d	59	1.01mi
513 Hunters Glen St Lewisville, TX	2.0	2.0	1314	$1,950	$1.48	44d	1	1.01mi
701 Idlewilde Dr Lewisville, TX	3.0	2.0	1224	$2,100	$1.72	5d	1	1.02mi
807 Burr Oak Dr Lewisville, TX	3.0	2.5	1720	$2,490	$1.45	25d	1	1.08mi
247 E Southwest Pkwy Lewisville, TX	1.0–2.0	1.0–2.0	750	$1,448	$1.93	0d	23	1.17mi

Listing history 2 events

1. 2026-05-15
   listed $179,999 Active 351-char remark
2. 2025-08-07
   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: $3,103 · $259/mo
• Projected year-2 tax: $3,294 · $274/mo
• Expected delta: +$191/yr (+$16/mo · 6.1%)

ⓘ 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 · 22 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 24% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,706
• − Mortgage interest: −$10,083
• − Property taxes: −$3,103
• − Insurance: −$900
• − Repairs & maintenance: −$1,896
• − Management: −$1,896
• − Depreciation: −$5,236
• Taxable income: $590
• Est. tax owed @ 24.0%: −$142
• After-tax cash flow: $3,255/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: Lewisville ISD
• NCES district ID: 4827300
• Math proficiency: 49% ▼ -10.00%
• Reading proficiency: 54% ▼ -4.00%
• Median HH income: $82,351
• Composite: 47.1/100
• National rank: #2333
• State rank: #109 of 826 in TX

Livability — Lewisville

• Score: 69/100
• State rank: #440
• US rank: #8991

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lewisville, TX
• County: Denton County · 901,654 people
• City population: 84,871
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 66,913
• Household income: $78,752
• Rent vs Own: 60.2% rent · 39.8% own
• Severe rent burden: 3630.0

Population outlook (Denton County) Hauer SSP2

• Today (2025): 1,053,010 people
• By 2030: 1,192,269 · +13.2%
• By 2040: 1,472,920 · +39.9%
• By 2050: 1,746,506 · +65.9%
• By 2075: 2,358,497 · +124.0%
• By 2100: 2,779,183 · +163.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: White 35% Hispanic / Latino 34% Black 16% Two or more races 16% Asian 11% Native American 1%
• Hispanic origin (detail): Mexican 25% Puerto Rican 2%
• Common ancestry: Slovak 1% Romanian 1% Lithuanian 1%
• Foreign-born: 24% · Canada, Philippines, South Korea
• Languages at home: 61% English-only · Spanish 27% Other Asian/Pacific 4% Other Indo-European 2%

Political lean MEDSL · Denton

• 2024 margin: R (+13.2) · D 42.7% · R 55.8% · Other 1.5%
• 2008→2024 swing: +11.0pp toward D · 2008: -24.2pp · 2024: -13.2pp
• All cycles: 2024: R+13.2 2020: R+8.1 2016: R+20.2 2012: R+31.7 2008: R+24.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -82.21%
• Current HPI: 279.3299
• Rent YoY: ▲ 0.86%
• 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 events — show timeline

• 2026-06-11 Sold (MLS) — NTREIS
• 2026-05-21 Pending — NTREIS
• 2026-05-19 Contingent — NTREIS
• 2026-05-15 Listed $179,999 NTREIS
• 2025-08-07 Sold (Public Records) — Public Records

Property tax history

+2.8%/yr

Latest (2025): $3,103 · -20.5% YoY. Source: county tax records.