320 T A Carroll Ave · Corsicana, TX 75110

$139,000

3 bd · 1.0 ba · 800 sqft · SingleFamily public records · 115 Days on market

Built 1950 5,901 sqft lot $174/sqft · 12% above area Est $147k · 6% under ↓ 7% 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 +20.0/30.0
• ARV discount +10.0/15.0
• DSCR +6.3/10.0
• 1% rule +4.5/10.0
• Livability +3.6/5.0
• Schools +3.2/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Opportunity – Tenant Occupied, Strong Rental Area Please be aware the property is tenant-occupied with long-term tenants. The current lease is active through January 31, 2027, Current rent is $1,049 per month. Charming and fully refreshed 3-bedroom, 1-bath home offering bright living space and a simple, easy-to-maintain layout. Recent updates give the home a clean and modern feel throughout. The practical floorplan and inviting atmosphere make this property appealing to long-term renters and ideal for hands-off ownership. Situated on a well-sized lot with convenient access to schools, shopping, and major roadways, this move-in-ready property is an excellent option for investors seeking a stable, income-producing asset in an established neighborhood. The home is currently leased, providing immediate rental income from day one. Investment Highlights * Tenant occupied with an active lease * Current rent: 1,049 dollars per month * Updated interior and well-maintained * 3 bedrooms, 1 bath * Strong rental demand in the area * Suitable for all financing types

Key facts

• Updated interior
• Well maintained
• Move in ready

Tags

• UPDATED INTERIOR
• WELL MAINTAINED
• MOVE IN READY
• ESTABLISHED NEIGHBORHOOD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $139k.

Deal economics

• At list price, monthly cash flow is $170 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $132k (5.2% below list).
• Recommended offer: $126k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 4.5% in Corsicana — 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 71/100 on livability (#283 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities D, schools F, crime F.
• Corsicana ISD (town): math 39% / reading 37% proficiency, ranked #471 of 826 in TX (top 57%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-1.5%/yr); 270 active listings in the ZIP; 522 units permitted in Navarro County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $961 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Navarro County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 115 days — a 9% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 59% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $126,490 (9.0% below list)

Questions for the listing agent

1. It's been on market 115 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
6. Crime grade is F 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. 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.
8. 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.
9. 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: 0.95% ✗
• Cap rate: 7.76%
• Cash-on-cash: 5.26%
• DSCR: 1.23
• GRM: 8.8

CMA / ARV

• ARV (median comp): $147,147
• List price: $139,000
• Delta: -5.54%
• Verdict: FAIR
• Comps: 17 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1017 S 8th St	0.31mi	2/1.0 (-1)	880 (+10%)	17mo	$20,000	$23	50

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -11.3%
• Equity multiple: 0.60×
• Total profit: $-15,566
• Equity at exit: $20,725

10-year hold

• IRR: -6.7%
• Equity multiple: 0.62×
• Total profit: $-14,646
• Equity at exit: $12,018

Cash invested: $38,920 (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 75110

• Rents YoY: -1.5%
• Active inventory: 270
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,318 medium
• Mortgage (P&I): −$729
• Tax from tax record: −$84 /mo · $1,006/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$277
• Net cashflow: $170

Break-even live

Break-even rent $1,102

Max offer price $139,000

Occupancy floor 82%

Sensitivity live

Price	-10% $249	-5% $210	+0% $170	+5% $131	+10% $92
Rent	-10% $66	-5% $118	+0% $170	+5% $222	+10% $275
Rate	-1.0pp $240	-0.5pp $206	base $170	+0.5pp $134	+1.0pp $98

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-19
   days on market $139,000 Active 115 DOM
2. 2026-06-18
   days on market $139,000 Active 114 DOM
3. 2026-06-17
   days on market $139,000 Active 113 DOM
4. 2026-06-16
   days on market $139,000 Active 112 DOM
5. 2026-06-15
   days on market $139,000 Active 111 DOM
6. 2026-06-14
   days on market $139,000 Active 109 DOM
7. 2026-06-12
   days on market $139,000 Active 108 DOM
8. 2026-06-09
   days on market $139,000 Active 105 DOM
9. 2026-06-08
   days on market $139,000 Active 104 DOM
10. 2026-06-07
    days on market $139,000 Active 103 DOM
11. 2026-06-02
    days on market $139,000 Active 98 DOM
12. 2026-06-01
    days on market $139,000 Active 97 DOM
13. 2026-05-31
    days on market $139,000 Active 96 DOM
14. 2026-05-30
    days on market $139,000 Active 95 DOM
15. 2026-02-24
    listed $139,000 Active 1101-char remark

    Show marketing remark (1101 chars)

    Investor Opportunity – Tenant Occupied, Strong Rental Area Please be aware the property is tenant-occupied with long-term tenants. The current lease is active through January 31, 2027, Current rent is $1,049 per month. Charming and fully refreshed 3-bedroom, 1-bath home offering bright living space and a simple, easy-to-maintain layout. Recent updates give the home a clean and modern feel throughout. The practical floorplan and inviting atmosphere make this property appealing to long-term renters and ideal for hands-off ownership. Situated on a well-sized lot with convenient access to schools, shopping, and major roadways, this move-in-ready property is an excellent option for investors seeking a stable, income-producing asset in an established neighborhood. The home is currently leased, providing immediate rental income from day one. Investment Highlights * Tenant occupied with an active lease * Current rent: 1,049 dollars per month * Updated interior and well-maintained * 3 bedrooms, 1 bath * Strong rental demand in the area * Suitable for all financing types

16. 2026-01-12
    historical
17. 2025-11-26
    listed $149,099 Active
18. 2022-07-01
    soldstatus
19. 1989-03-16
    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: $1,006 · $84/mo
• Projected year-2 tax: $2,544 · $212/mo
• Expected delta: +$1,538/yr (+$128/mo · 152.9%)

ⓘ 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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 25 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 59% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,814
• − Mortgage interest: −$7,786
• − Property taxes: −$1,006
• − Insurance: −$695
• − Repairs & maintenance: −$1,265
• − Management: −$1,265
• − Depreciation: −$4,044
• Taxable loss: −$247
• Est. tax savings @ 24.0%: +$59
• After-tax cash flow: $2,104/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: Corsicana ISD
• NCES district ID: 4815330
• Math proficiency: 39% ▼ -9.00%
• Reading proficiency: 37% ▬ 0.00%
• Median HH income: $39,948
• Composite: 31.89/100
• National rank: #5862
• State rank: #471 of 826 in TX

Livability — Corsicana

• Score: 71/100
• State rank: #283
• US rank: #6570

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Corsicana, TX
• County: Navarro County · 31,552 people
• City population: 31,552
• Metro: Corsicana, TX
• Population (ZIP): 31,552
• Household income: $57,370
• Rent vs Own: 39.1% rent · 60.9% own
• Severe rent burden: 663.0

Population outlook (Navarro County) Hauer SSP2

• Today (2025): 48,397 people
• By 2030: 48,096 · -0.6%
• By 2040: 47,394 · -2.1%
• By 2050: 46,541 · -3.8%
• By 2075: 44,940 · -7.1%
• By 2100: 42,288 · -12.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: White 41% Hispanic / Latino 37% Two or more races 16% Black 13% Pacific Islander 2% Asian 1%
• Hispanic origin (detail): Mexican 34%
• Common ancestry: Lithuanian 2% Slovak 1% Romanian 1%
• Foreign-born: 17% · Canada
• Languages at home: 68% English-only · Spanish 29% Other Asian/Pacific 2%

Political lean MEDSL · Navarro

• 2024 margin: Solid R (+51.8) · D 23.7% · R 75.6%
• 2008→2024 swing: -18.7pp toward R · 2008: -33.1pp · 2024: -51.8pp
• All cycles: 2024: R+51.8 2020: R+45.5 2016: R+48.8 2012: R+42.4 2008: R+33.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -248.01%
• Current HPI: 224.5566
• Rent YoY: ▼ -1.47%
• Metro: Corsicana, 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

-6.8% since first listed

5 events — show timeline

• 2026-02-24 Listed $139,000 NTREIS
• 2026-01-12 Listing Removed — NTREIS
• 2025-11-26 Listed $149,099 NTREIS
• 2022-07-01 Sold (Public Records) — Public Records
• 1989-03-16 Sold (Public Records) — Public Records

Property tax history

+8.8%/yr

Latest (2025): $1,006 · -0.3% YoY. Source: county tax records.