302 Walnut Cv · Onalaska, TX 77360

$164,000

2 bd · 2.0 ba · 1,500 sqft · SingleFamily public records · 257 Days on market

Built 1986 0.48 ac lot $109/sqft · 6% above area Est $155k · 6% over $8/mo HOA · 1% of rent

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Why this score? — see what drove the F 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 +5.5/30.0
• ARV discount +4.8/15.0
• Appreciation +4.7/10.0
• Schools +4.1/10.0
• 1% rule +3.1/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +0.0/10.0

Listing remarks MLS

"MOTIVATED SELLER" This home sits on a large corner lot in Canyon Park Subdivision. Complete HVAC system installed August 2024, warranty information is in attachments. Oversized garage/workshop combo. Updated paint in home. Lifetime Warranty on the energy efficient windows installed throughout the home. Roof installed and extra shingles are provided if ever needed. This 3 bedroom, 2 bath home is one of the most desirable homes in Canyon Park is move in ready. Come check it out! Dimensions to be verified by buyer. Tax ID C0400-0664-00 Bring your offers!

Key facts

• Large corner lot
• Roof installed
• Hvac system

Tags

• LARGE CORNER LOT
• HVAC SYSTEM
• OVERSIZED GARAGE
• ENERGY EFFICIENT WINDOWS
• ROOF INSTALLED

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $164k.

Deal economics

• At list price, monthly cash flow is $-350 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $112k (31.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $133k (18.6% below list).
• Recommended offer: $112k (31.5% below list) — sets the bar for cash-flow.
• Cap rate 3.7% vs local median 2.9% in Onalaska — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 60/100 on livability (#1,055 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, crime D+, schools D.
• Onalaska ISD (rural): math 50% / reading 48% proficiency, ranked #213 of 826 in TX (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 350 active listings in the ZIP; 769 units permitted in Polk County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $136 of equity ($1k loan paydown + $-998 appreciation (-0.6% local appreciation)).
• Polk County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 257 days — a 12% lower offer ($144k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 2y ago; this cycle's ask has dropped $16k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $65k; list at $164k implies a 152% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.4% of price.
• Climate carrying-cost: severe wind risk, 98% 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 $112,396 (31.5% 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 257 days. Have you received any prior offers? Is the seller open to a 31% concession, seller financing, or rate buy-down credit?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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?
10. 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.
11. 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.
12. 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: 3.73%
• Cash-on-cash: -9.16%
• DSCR: 0.59
• GRM: 10.2

CMA / ARV

• ARV (median comp): $154,860
• List price: $164,000
• Delta: 5.90%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
302 Walnut Cv	0.00mi	3/2.0 (+1)	1,500 (0%)	0mo	$164,000	$109	95
200 Commanche Dr	0.63mi	2/2.0	1,344 (-10%)	3mo	$161,000	$120	51
174 Alabama	0.59mi	3/2.0 (+1)	1,568 (+4%)	12mo	$97,500	$62	50
121 Apache	0.53mi	3/2.0 (+1)	1,525 (+2%)	24mo	$144,900	$95	48
289 Cherokee Ln	0.61mi	3/2.0 (+1)	1,512 (+1%)	22mo	$199,900	$132	47
426 Huckleberry Rd	0.65mi	2/2.5	1,722 (+15%)	20mo	$70,000	$41	26

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

Projected returns pro-forma

-0.61% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -15.6%
• Equity multiple: 0.31×
• Total profit: $-31,567
• Equity at exit: $42,690

10-year hold

• IRR: -8.9%
• Equity multiple: 0.15×
• Total profit: $-39,052
• Equity at exit: $47,530

Cash invested: $45,920 (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 77360

• Home prices YoY: -0.4%
• Active inventory: 350
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,334 medium
• Mortgage (P&I): −$860
• Tax from tax record: −$468 /mo · $5,620/yr
• Insurance: −$68
• HOA: −$8
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $-350

Break-even live

Break-even rent $1,778

Max offer price $112,396

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: $41,000
• Closing costs: $4,920
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $8 · $96/yr

Listing history 22 events

1. 2026-05-08
   status Pending 571-char remark

   Show marketing remark (571 chars)

   "MOTIVATED SELLER" This home sits on a large corner lot in Canyon Park Subdivision. Complete HVAC system installed August 2024, warranty information is in attachments. Oversized garage/workshop combo. Updated paint in home. Lifetime Warranty on the energy efficient windows installed throughout the home. Roof installed and extra shingles are provided if ever needed. This 3 bedroom, 2 bath home is one of the most desirable homes in Canyon Park is move in ready. Come check it out! Dimensions to be verified by buyer. Tax ID C0400-0664-00 Bring your offers!

2. 2026-03-27
   status Active 571-char remark

   Show marketing remark (571 chars)

   "MOTIVATED SELLER" This home sits on a large corner lot in Canyon Park Subdivision. Complete HVAC system installed August 2024, warranty information is in attachments. Oversized garage/workshop combo. Updated paint in home. Lifetime Warranty on the energy efficient windows installed throughout the home. Roof installed and extra shingles are provided if ever needed. This 3 bedroom, 2 bath home is one of the most desirable homes in Canyon Park is move in ready. Come check it out! Dimensions to be verified by buyer. Tax ID C0400-0664-00 Bring your offers!

3. 2026-03-17
   status Pending 571-char remark

   Show marketing remark (571 chars)

   "MOTIVATED SELLER" This home sits on a large corner lot in Canyon Park Subdivision. Complete HVAC system installed August 2024, warranty information is in attachments. Oversized garage/workshop combo. Updated paint in home. Lifetime Warranty on the energy efficient windows installed throughout the home. Roof installed and extra shingles are provided if ever needed. This 3 bedroom, 2 bath home is one of the most desirable homes in Canyon Park is move in ready. Come check it out! Dimensions to be verified by buyer. Tax ID C0400-0664-00 Bring your offers!

4. 2026-02-10
   price $164,000 571-char remark

   Show marketing remark (571 chars)

   "MOTIVATED SELLER" This home sits on a large corner lot in Canyon Park Subdivision. Complete HVAC system installed August 2024, warranty information is in attachments. Oversized garage/workshop combo. Updated paint in home. Lifetime Warranty on the energy efficient windows installed throughout the home. Roof installed and extra shingles are provided if ever needed. This 3 bedroom, 2 bath home is one of the most desirable homes in Canyon Park is move in ready. Come check it out! Dimensions to be verified by buyer. Tax ID C0400-0664-00 Bring your offers!

5. 2025-10-27
   soldstatus
6. 2025-10-06
   price $176,999 571-char remark

   Show marketing remark (571 chars)

   "MOTIVATED SELLER" This home sits on a large corner lot in Canyon Park Subdivision. Complete HVAC system installed August 2024, warranty information is in attachments. Oversized garage/workshop combo. Updated paint in home. Lifetime Warranty on the energy efficient windows installed throughout the home. Roof installed and extra shingles are provided if ever needed. This 3 bedroom, 2 bath home is one of the most desirable homes in Canyon Park is move in ready. Come check it out! Dimensions to be verified by buyer. Tax ID C0400-0664-00 Bring your offers!

7. 2025-08-24
   listed $179,999 Active 571-char remark

   Show marketing remark (571 chars)

   "MOTIVATED SELLER" This home sits on a large corner lot in Canyon Park Subdivision. Complete HVAC system installed August 2024, warranty information is in attachments. Oversized garage/workshop combo. Updated paint in home. Lifetime Warranty on the energy efficient windows installed throughout the home. Roof installed and extra shingles are provided if ever needed. This 3 bedroom, 2 bath home is one of the most desirable homes in Canyon Park is move in ready. Come check it out! Dimensions to be verified by buyer. Tax ID C0400-0664-00 Bring your offers!

8. 2025-08-15
   historical
9. 2025-06-27
   status Active
10. 2025-06-25
    status Active
11. 2025-06-24
    status Pending
12. 2025-06-23
    historical
13. 2025-05-01
    status Pending
14. 2025-04-07
    listed $179,999 Active
15. 2025-04-03
    historical
16. 2025-03-29
    status Active
17. 2025-03-20
    status Option Pending
18. 2025-01-14
    price $185,000
19. 2024-12-14
    price $205,000
20. 2024-07-23
    listed $215,000 Active
21. 2014-12-03
    soldstatus
22. 2003-10-31
    soldstatus $65,000

ⓘ 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: $5,620 · $468/mo
• Projected year-2 tax: $5,620 · $468/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 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥111°F today · 24 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 98% 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: $16,013
• − Mortgage interest: −$9,187
• − Property taxes: −$5,620
• − Insurance: −$820
• − Repairs & maintenance: −$1,281
• − Management: −$1,281
• − HOA: −$96
• − Depreciation: −$4,771
• Taxable loss: −$7,042
• Est. tax savings @ 24.0%: +$1,690
• After-tax cash flow: $-2,516/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: Onalaska ISD
• NCES district ID: 4833690
• Math proficiency: 50% ▼ -10.00%
• Reading proficiency: 48% ▼ -1.00%
• Median HH income: $38,882
• Composite: 40.91/100
• National rank: #3616
• State rank: #213 of 826 in TX

Livability — Onalaska

• Score: 60/100
• State rank: #1055
• US rank: #18716

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Onalaska, TX
• Population (ZIP): 6,130

Population outlook (Polk County) Hauer SSP2

• Today (2025): 51,049 people
• By 2030: 53,243 · +4.3%
• By 2040: 56,528 · +10.7%
• By 2050: 59,243 · +16.1%
• By 2075: 63,528 · +24.4%
• By 2100: 60,376 · +18.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Two or more races 10% Hispanic / Latino 8%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Lithuanian 4% Italian 2% Romanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 95% English-only · Spanish 5%

Political lean MEDSL · Polk

• 2024 margin: Solid R (+58.9) · D 20.2% · R 79.1%
• 2008→2024 swing: -21.7pp toward R · 2008: -37.2pp · 2024: -58.9pp
• All cycles: 2024: R+58.9 2020: R+54.5 2016: R+56.5 2012: R+48.2 2008: R+37.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.61%
• Current HPI: 150.9486
• 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

+152.3% since first listed

22 events — show timeline

• 2026-05-08 Pending — HARMLS
• 2026-03-27 Relisted — HARMLS
• 2026-03-17 Pending — HARMLS
• 2026-02-10 Price Changed $164,000 HARMLS
• 2025-10-27 Sold (Public Records) — Public Records
• 2025-10-06 Price Changed $176,999 HARMLS
• 2025-08-24 Listed $179,999 HARMLS
• 2025-08-15 Listing Removed — HARMLS
• 2025-06-27 Relisted — HARMLS
• 2025-06-25 Relisted — HARMLS
• 2025-06-24 Pending — HARMLS
• 2025-06-23 Listing Removed — HARMLS
• 2025-05-01 Pending — HARMLS
• 2025-04-07 Listed $179,999 HARMLS
• 2025-04-03 Listing Removed — HARMLS
• 2025-03-29 Relisted — HARMLS
• 2025-03-20 Pending — HARMLS
• 2025-01-14 Price Changed $185,000 HARMLS
• 2024-12-14 Price Changed $205,000 HARMLS
• 2024-07-23 Listed $215,000 HARMLS
• 2014-12-03 Sold (Public Records) — Public Records
• 2003-10-31 Sold (Public Records) $65,000 Public Records

Property tax history

+7.3%/yr

Latest (2025): $5,620 · +10.2% YoY. Source: county tax records.