1512 Vine St · Bridgeport, TX 76426

$235,000

4 bd · 1.0 ba · 1,456 sqft · SingleFamily public records · 23 Days on market

Built 1960 0.29 ac lot Est $269k · 13% under

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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).

• ARV discount +13.2/15.0
• Cash flow +10.8/30.0
• Appreciation +4.6/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• 1% rule +3.1/10.0
• DSCR +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

UPDATED OLDER HOME ON HUGE LOT IN ORIGINAL BRIDGEPORT - WALK TO THE MIDDLE SCHOOL! The original 3 bedroom 2 bath home has many updates to countertops, cabinets, paint & some flooring among others. There is still work to be done but this diamond in the rough has a fabulous lot & fabulous location. Both the kitchen & living room are homey & inviting. The Main Bedroom has a small but convenient ensuite bath with walk-in closet. Both bathrooms have ceramic tile flooring. There are two non-conforming bedrooms not pictured located off the back of the main dwelling. The oversized .29 acre lot has nice curb appeal & a front porch just perfect for two rocking chairs. The backyard is surrounded by a metal privacy fence & adorned by trees & abundant grass. There is a two car covered carport in the rear of the property as well as a large, back covered patio & additional storage. It is difficult to find a functional home at this price point, conveniently located to all Bridgeport amenities. HURRY!

Key facts

• In law suite
• Short walk to school
• Brand new flooring

Tags

• BRAND NEW FLOORING
• UPDATED KITCHEN
• IN LAW SUITE
• COVERED BACK PATIO
• OUTDOOR STORAGE SPACE
• SHORT WALK TO SCHOOL

Property features AI

Finance

• Other: Listing is for sale and currently active; Possession at closing/funding
• Financial info: Listing accepts Cash, Conventional, FHA, USDA Loan, and VA Loan
• HOA & community: No homeowners association

Exterior

• Parking: Alley access
• Utilities: City water; City sewer; No municipal utility district
• Home design: Single-family residence; One story; Property is attached
• Construction: Composition roof; Pillar/post/pier foundation; Built in 1960
• Exterior features: Back yard fencing; Covered patio/porch; Interior lot

Interior

• Kitchen: Eat-in kitchen with built-in cabinets; Dishwasher; Electric oven
• Bedrooms: 4 bedrooms (all on the main level); Primary bedroom on the main level
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Electric cooling
• Interior features: Decorative lighting; Eat-in kitchen; One living area; One dining area; 6 total rooms
• Laundry & utility: Utility room with full-size washer/dryer area

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $-106 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $216k (7.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $191k (18.8% below list).
• Recommended offer: $191k (18.8% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 3.3% in Bridgeport — 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 68/100 on livability (#472 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: health & safety D+, amenities F, commute F.
• Bridgeport ISD (rural): math 41% / reading 41% proficiency, ranked #356 of 826 in TX (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Bridgeport El (523 students, 70% FRL) — zoned schools average 70% FRL vs 50% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 338 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 1d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 460 units permitted in Wise County in 2024 (243 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-0.8%/yr); year-one equity from $2k of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Wise County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($231k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y 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.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $190,890 (18.8% 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. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
6. 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.
7. 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.
8. 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: 0.81% ✗
• Cap rate: 5.75%
• Cash-on-cash: -1.93%
• DSCR: 0.91
• GRM: 10.3

CMA / ARV

• ARV (on-the-fly): $269,360
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1708 Lanice Ave	0.30mi	3/2.0 (-1)	1,461 (+0%)	10mo	$235,000	$161	68
1710 Kay Ave	0.25mi	3/2.0 (-1)	1,326 (-9%)	3mo	$219,900	$166	62
1503 Hovey St	0.23mi	3/2.0 (-1)	1,579 (+8%)	11mo	$235,000	$149	57
1101 Carpenter St	0.69mi	3/2.0 (-1)	1,464 (+0%)	11mo	$215,000	$147	49
1501 Cates St	0.39mi	3/2.5 (-1)	1,336 (-8%)	12mo	$279,000	$209	47
2306 Fair Oaks Dr	0.48mi	3/2.0 (-1)	1,591 (+9%)	8mo	$343,000	$216	46
2004 Edgewood Dr	0.75mi	3/2.0 (-1)	1,510 (+4%)	8mo	$285,000	$189	43
1808 Thompson St	0.66mi	3/2.0 (-1)	1,408 (-3%)	14mo	$289,900	$206	43
1809 Stevens St	0.54mi	3/1.5 (-1)	1,300 (-11%)	10mo	$205,000	$158	42
2206 Stonegate Blvd	0.63mi	4/2.0	1,598 (+10%)	13mo	$295,000	$185	40
1202 Wells Fargo Blvd	0.62mi	4/2.0	1,610 (+11%)	14mo	$298,500	$185	38
2207 Briarwood Dr	0.42mi	3/2.0 (-1)	1,672 (+15%)	14mo	$365,000	$218	35

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

Projected returns pro-forma

-0.82% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -7.8%
• Equity multiple: 0.66×
• Total profit: $-22,497
• Equity at exit: $58,758

10-year hold

• IRR: -1.1%
• Equity multiple: 0.89×
• Total profit: $-7,043
• Equity at exit: $63,450

Cash invested: $65,800 (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 76426

• Home prices YoY: -0.2%
• Active inventory: 338
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,909 medium
• Mortgage (P&I): −$1,232
• Tax from tax record: −$284 /mo · $3,402/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$401
• Net cashflow: $-106

Break-even live

Break-even rent $2,043

Max offer price $216,319

Occupancy floor —

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
314 Cobb St Bridgeport, TX	3.0	2.0	1490	$1,800	$1.21	4d	1	0.89mi
1305 Edison St Unit B Bridgeport, TX	3.0	2.0	1260	$1,695	$1.35	1d	1	0.95mi
2104 2nd Ave Bridgeport, TX	4.0	2.0	1683	$1,900	$1.13	1d	1	1.11mi

Listing history 31 events

1. 2026-06-18
   days on market $235,000 Active 23 DOM
2. 2026-06-17
   days on market $235,000 Active 22 DOM
3. 2026-06-16
   days on market $235,000 Active 21 DOM
4. 2026-06-15
   days on market $235,000 Active 20 DOM
5. 2026-06-13
   days on market $235,000 Active 18 DOM
6. 2026-06-13
   days on market $235,000 Active 17 DOM
7. 2026-06-09
   days on market $235,000 Active 14 DOM
8. 2026-06-08
   days on market $235,000 Active 13 DOM
9. 2026-06-07
   days on market $235,000 Active 12 DOM
10. 2026-06-04
    days on market $235,000 Active 9 DOM
11. 2026-06-03
    days on market $235,000 Active 8 DOM
12. 2026-06-02
    days on market $235,000 Active 7 DOM
13. 2026-06-01
    days on market $235,000 Active 6 DOM
14. 2026-05-31
    days on market $235,000 Active 5 DOM
15. 2026-05-26
    listed $235,000 Active
16. 2022-06-24
    soldstatus
17. 2022-06-21
    soldstatus Closed 1031-char remark

    Show marketing remark (1031 chars)

    UPDATED OLDER HOME ON HUGE LOT IN ORIGINAL BRIDGEPORT - WALK TO THE MIDDLE SCHOOL! The original 3 bedroom 2 bath home has many updates to countertops, cabinets, paint & some flooring among others. There is still work to be done but this diamond in the rough has a fabulous lot & fabulous location. Both the kitchen & living room are homey & inviting. The Main Bedroom has a small but convenient ensuite bath with walk-in closet. Both bathrooms have ceramic tile flooring. There are two non-conforming bedrooms not pictured located off the back of the main dwelling. The oversized .29 acre lot has nice curb appeal & a front porch just perfect for two rocking chairs. The backyard is surrounded by a metal privacy fence & adorned by trees & abundant grass. There is a two car covered carport in the rear of the property as well as a large, back covered patio & additional storage. It is difficult to find a functional home at this price point, conveniently located to all Bridgeport amenities. HURRY!

18. 2022-05-27
    status Pending 1031-char remark

    Show marketing remark (1031 chars)

    UPDATED OLDER HOME ON HUGE LOT IN ORIGINAL BRIDGEPORT - WALK TO THE MIDDLE SCHOOL! The original 3 bedroom 2 bath home has many updates to countertops, cabinets, paint & some flooring among others. There is still work to be done but this diamond in the rough has a fabulous lot & fabulous location. Both the kitchen & living room are homey & inviting. The Main Bedroom has a small but convenient ensuite bath with walk-in closet. Both bathrooms have ceramic tile flooring. There are two non-conforming bedrooms not pictured located off the back of the main dwelling. The oversized .29 acre lot has nice curb appeal & a front porch just perfect for two rocking chairs. The backyard is surrounded by a metal privacy fence & adorned by trees & abundant grass. There is a two car covered carport in the rear of the property as well as a large, back covered patio & additional storage. It is difficult to find a functional home at this price point, conveniently located to all Bridgeport amenities. HURRY!

19. 2022-05-20
    historical Active Option Contract 1031-char remark

    Show marketing remark (1031 chars)

    UPDATED OLDER HOME ON HUGE LOT IN ORIGINAL BRIDGEPORT - WALK TO THE MIDDLE SCHOOL! The original 3 bedroom 2 bath home has many updates to countertops, cabinets, paint & some flooring among others. There is still work to be done but this diamond in the rough has a fabulous lot & fabulous location. Both the kitchen & living room are homey & inviting. The Main Bedroom has a small but convenient ensuite bath with walk-in closet. Both bathrooms have ceramic tile flooring. There are two non-conforming bedrooms not pictured located off the back of the main dwelling. The oversized .29 acre lot has nice curb appeal & a front porch just perfect for two rocking chairs. The backyard is surrounded by a metal privacy fence & adorned by trees & abundant grass. There is a two car covered carport in the rear of the property as well as a large, back covered patio & additional storage. It is difficult to find a functional home at this price point, conveniently located to all Bridgeport amenities. HURRY!

20. 2022-05-18
    listed $174,999 Active 1031-char remark

    Show marketing remark (1031 chars)

    UPDATED OLDER HOME ON HUGE LOT IN ORIGINAL BRIDGEPORT - WALK TO THE MIDDLE SCHOOL! The original 3 bedroom 2 bath home has many updates to countertops, cabinets, paint & some flooring among others. There is still work to be done but this diamond in the rough has a fabulous lot & fabulous location. Both the kitchen & living room are homey & inviting. The Main Bedroom has a small but convenient ensuite bath with walk-in closet. Both bathrooms have ceramic tile flooring. There are two non-conforming bedrooms not pictured located off the back of the main dwelling. The oversized .29 acre lot has nice curb appeal & a front porch just perfect for two rocking chairs. The backyard is surrounded by a metal privacy fence & adorned by trees & abundant grass. There is a two car covered carport in the rear of the property as well as a large, back covered patio & additional storage. It is difficult to find a functional home at this price point, conveniently located to all Bridgeport amenities. HURRY!

21. 2017-07-18
    soldstatus Sold 127-char remark

    Show marketing remark (127 chars)

    Charming 4 bed 2 bath home, has been remodeled. . New AC and Furnace. .. . Buyers agent to verify measurements and school info.

22. 2017-06-23
    soldstatus
23. 2017-06-22
    status Pending 127-char remark

    Show marketing remark (127 chars)

    Charming 4 bed 2 bath home, has been remodeled. . New AC and Furnace. .. . Buyers agent to verify measurements and school info.

24. 2017-05-16
    historical Active Contingent 127-char remark

    Show marketing remark (127 chars)

    Charming 4 bed 2 bath home, has been remodeled. . New AC and Furnace. .. . Buyers agent to verify measurements and school info.

25. 2017-04-27
    price $115,000 127-char remark

    Show marketing remark (127 chars)

    Charming 4 bed 2 bath home, has been remodeled. . New AC and Furnace. .. . Buyers agent to verify measurements and school info.

26. 2017-04-24
    price $120,000 127-char remark

    Show marketing remark (127 chars)

    Charming 4 bed 2 bath home, has been remodeled. . New AC and Furnace. .. . Buyers agent to verify measurements and school info.

27. 2017-04-20
    price $128,000 127-char remark

    Show marketing remark (127 chars)

    Charming 4 bed 2 bath home, has been remodeled. . New AC and Furnace. .. . Buyers agent to verify measurements and school info.

28. 2017-04-13
    listed $135,000 Active 127-char remark

    Show marketing remark (127 chars)

    Charming 4 bed 2 bath home, has been remodeled. . New AC and Furnace. .. . Buyers agent to verify measurements and school info.

29. 2012-06-21
    soldstatus
30. 2005-02-18
    soldstatus
31. 2002-07-10
    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: $3,402 · $284/mo
• Projected year-2 tax: $4,300 · $358/mo
• Expected delta: +$898/yr (+$75/mo · 26.4%)

ⓘ 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 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥111°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 17% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,907
• − Mortgage interest: −$13,164
• − Property taxes: −$3,402
• − Insurance: −$1,175
• − Repairs & maintenance: −$1,833
• − Management: −$1,833
• − Depreciation: −$6,836
• Taxable loss: −$5,335
• Est. tax savings @ 24.0%: +$1,280
• After-tax cash flow: $11/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: Bridgeport ISD
• NCES district ID: 4811340
• Math proficiency: 41% ▼ -4.00%
• Reading proficiency: 41% ▲ 3.00%
• Median HH income: $51,866
• Composite: 35.51/100
• National rank: #4913
• State rank: #356 of 826 in TX

Livability — Bridgeport

• Score: 68/100
• State rank: #472
• US rank: #9507

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bridgeport, TX
• County: Wise County · 49,037 people
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 11,632
• Household income: $92,130
• Rent vs Own: 25.0% rent · 75.0% own
• Severe rent burden: 74.0

Population outlook (Wise County) Hauer SSP2

• Today (2025): 71,620 people
• By 2030: 75,858 · +5.9%
• By 2040: 83,908 · +17.2%
• By 2050: 90,717 · +26.7%
• By 2075: 107,583 · +50.2%
• By 2100: 114,996 · +60.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (60%)
• Race & ethnicity: White 60% Hispanic / Latino 32% Two or more races 9% Black 2% Asian 1% Native American 1%
• Hispanic origin (detail): Mexican 31%
• Common ancestry: Slovak 1% Lithuanian 1% Romanian 1%
• Foreign-born: 14% · Canada, Vietnam
• Languages at home: 72% English-only · Spanish 27%

Political lean MEDSL · Wise

• 2024 margin: Solid R (+70.0) · D 14.7% · R 84.7%
• 2008→2024 swing: -14.3pp toward R · 2008: -55.7pp · 2024: -70.0pp
• All cycles: 2024: R+70.0 2020: R+68.2 2016: R+69.9 2012: R+67.5 2008: R+55.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.82%
• Current HPI: 417.89
• Rent YoY: —
• 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

+74.1% since first listed

17 events — show timeline

• 2026-05-26 Listed $235,000 NTREIS
• 2022-06-24 Sold (Public Records) — Public Records
• 2022-06-21 Sold (MLS) — NTREIS
• 2022-05-27 Pending — NTREIS
• 2022-05-20 Contingent — NTREIS
• 2022-05-18 Listed $174,999 NTREIS
• 2017-07-18 Sold (MLS) — NTREIS
• 2017-06-23 Sold (Public Records) — Public Records
• 2017-06-22 Pending — NTREIS
• 2017-05-16 Contingent — NTREIS
• 2017-04-27 Price Changed $115,000 NTREIS
• 2017-04-24 Price Changed $120,000 NTREIS
• 2017-04-20 Price Changed $128,000 NTREIS
• 2017-04-13 Listed $135,000 NTREIS
• 2012-06-21 Sold (Public Records) — Public Records
• 2005-02-18 Sold (Public Records) — Public Records
• 2002-07-10 Sold (Public Records) — Public Records

Property tax history

+5.7%/yr

Latest (2025): $3,402 · -13.7% YoY. Source: county tax records.