2316 Zephyr Rd · Killeen, TX 76543

$99,900

3 bd · 2.0 ba · 1,206 sqft · SingleFamily public records · 2 Days on market

Built 1960 10,572 sqft lot Est $144k · 30% 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 +22.4/30.0
• ARV discount +15.0/15.0
• 1% rule +7.6/10.0
• DSCR +7.2/10.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks

This 3 Bedroom, 2 Bathroom home offers great potential for buyers looking to customize and add value. The property is in need of finishing work and updates, flippers, or homeowners seeking a renovation project. The home does not include kitchen appliances and requires completion of various interior improvements. With a functional floor plan and solid foundation, this property provides a blank canvas to create your ideal living space.

Key facts

• 0.24 acre lot
• 2 garage spots
• Built 1960

Property features AI

Finance

• Other: Lot is outside city limits; Less than quarter acre lot; Road surfaces: Asphalt and concrete; Chain link fencing; Water body: Other (see remarks)

Exterior

• Parking: Garage with 2 spaces
• Utilities: Public water
• Home design: Single-story; Fixer / resale property
• Construction: Brick construction; Composition / shingle roof; Pillar / post / pier foundation; Built (year source: assessor)
• Exterior features: Porch; Covered porch

Interior

• Kitchen: Appliances: See remarks
• Bedrooms: Bedroom (1 room listed)
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric, one unit)
• Interior features: Ceiling fan(s); Garden tub / Roman tub; Separate shower; Vanity; Walk-in closet(s); Other (see remarks)
• Laundry & utility: Laundry features: See remarks

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $166 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Cap rate 8.3% 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: schools D+, amenities D, employment 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.
• Market conditions: Rents soft (-1.5%/yr); 230 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% of comp listings sitting > 30 days — soft ceiling on asking rent; 3,222 units permitted in Bell County in 2024 (246 in 5+ unit buildings).
• This rent runs 31% of the median local income ($49k/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 $691 of loan paydown is wiped out by about $3k 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

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 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

• Watch-outs: property tax is 3.2% of price.
• Climate carrying-cost: major wind risk, 62% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $99,900

Questions for the listing agent

1. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.26% ✓
• Cap rate: 8.29%
• Cash-on-cash: 7.14%
• DSCR: 1.32
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $143,514
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1615 Richard Dr	0.37mi	3/2.0	1,154 (-4%)	2mo	$142,500	$123	74
2700 Terrace Dr	0.27mi	3/1.0	1,090 (-10%)	8mo	$83,000	$76	61
1510 Bowie Ct	0.44mi	2/2.0 (-1)	1,162 (-4%)	13mo	$149,900	$129	58
1507 Metropolitan Dr	0.30mi	3/1.0	1,080 (-10%)	8mo	$163,000	$151	58
2909 Zephyr Rd	0.43mi	3/1.0	1,095 (-9%)	6mo	$115,000	$105	56
2909 June St	0.43mi	3/1.0	1,036 (-14%)	1mo	$122,000	$118	51
1513 Richard Dr	0.35mi	3/1.0	1,107 (-8%)	24mo	$145,000	$131	46
917 Carrie Ave	0.75mi	3/1.5	1,327 (+10%)	2mo	$157,500	$119	44
902 Jefferis Ave	0.68mi	3/1.5	1,050 (-13%)	20mo	$70,000	$67	28

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: -9.3%
• Equity multiple: 0.67×
• Total profit: $-9,191
• Equity at exit: $14,895

10-year hold

• IRR: -5.4%
• Equity multiple: 0.71×
• Total profit: $-8,242
• Equity at exit: $8,638

Cash invested: $27,972 (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 76543

• Rents YoY: -1.5%
• Active inventory: 230
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,264 high
• Mortgage (P&I): −$524
• Tax from tax record: −$266 /mo · $3,196/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$265
• Net cashflow: $166

Break-even live

Break-even rent $1,053

Max offer price $99,900

Occupancy floor 82%

Sensitivity live

Price	-10% $223	-5% $195	+0% $166	+5% $138	+10% $110
Rent	-10% $67	-5% $116	+0% $166	+5% $216	+10% $266
Rate	-1.0pp $217	-0.5pp $192	base $166	+0.5pp $140	+1.0pp $114

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2318 Mary Ln Killeen, TX	3.0	1.5	1162	$1,225	$1.05	45d	1	0.06mi
2303 Dover Rd Killeen, TX	3.0	2.0	1398	$1,400	$1.00	24d	1	0.15mi
2318 Terrace Dr Killeen, TX	3.0	2.0	1370	$1,299	$0.95	45d	1	0.21mi
1504 S W S Young Dr Killeen, TX	3.0	1.0	1065	$1,100	$1.03	22d	1	0.22mi
1512 S W S Young Dr Killeen, TX	3.0	1.0	1149	$1,195	$1.04	45d	1	0.25mi
2307 Terrace Dr Unit C Killeen, TX	3.0	2.0	1203	$850	$0.71	15d	1	0.25mi
1505 S W S Young Dr Killeen, TX	4.0	1.0	1441	$1,150	$0.80	24d	1	0.26mi
2707 Taft St Killeen, TX	3.0	2.0	1131	$1,200	$1.06	45d	1	0.28mi
2312 Doris Dr Killeen, TX	3.0	2.0	1331	$1,350	$1.01	45d	1	0.28mi
914 Stetson Ave Killeen, TX	2.0	1.0	828	$850	$1.03	45d	1	0.31mi
1409 Opal Rd Killeen, TX	3.0	2.0	1319	$1,400	$1.06	45d	1	0.33mi
1302 Opal Rd Unit A Killeen, TX	2.0	1.5	1125	$750	$0.67	24d	1	0.33mi
1316 Opal Rd Unit A Killeen, TX	2.0	1.5	1200	$1,299	$1.08	45d	1	0.34mi
910 Stetson Ave Unit (SR PnB) 910-912 Stetson Killeen, TX	3.0	1.0	1082	$900	$0.83	24d	1	0.34mi
2905 June St Killeen, TX	2.0	1.0	728	$950	$1.30	45d	1	0.39mi
1419 Amber Rd Killeen, TX	3.0	2.0	1320	$1,345	$1.02	45d	1	0.40mi
2905 Taft St Killeen, TX	3.0	2.0	1242	$2,095	$1.69	45d	1	0.41mi
1414 Alta Mira Dr Killeen, TX	3.0	1.0	1294	$1,099	$0.85	24d	1	0.43mi
2701 Hillside Dr Killeen, TX	3.0	1.0	924	$995	$1.08	22d	1	0.47mi
1513 Missouri Ave Killeen, TX	3.0	2.0	1266	$1,300	$1.03	45d	1	0.49mi
3013 June St Killeen, TX	3.0	2.0	1000	$1,100	$1.10	15d	1	0.50mi
3101 Zephyr Rd Killeen, TX	3.0	1.0	1118	$1,100	$0.98	24d	1	0.52mi
801 S W S Young Dr Killeen, TX	3.0	1.0–2.0	1027	$2,043	$1.99	15d	12	0.52mi
3102 Zephyr Rd Killeen, TX	3.0	2.0	1277	$1,095	$0.86	45d	1	0.53mi
1702 Topaz Rd Killeen, TX	3.0	2.0	1489	$1,500	$1.01	24d	1	0.54mi
3200 Zephyr Rd Unit Labs Killeen, TX	4.0	2.0	1459	$1,600	$1.10	45d	1	0.55mi
1302 Redondo Dr Killeen, TX	3.0	1.0	1327	$1,200	$0.90	45d	1	0.59mi
1306 Duvall Dr Killeen, TX	3.0	1.0	1000	$1,025	$1.02	45d	1	0.60mi
1611 Grandon Dr Killeen, TX	1.0–3.0	1.0–2.0	854	$1,300	$1.52	15d	11	0.61mi
1402 Missouri Ave Killeen, TX	3.0	1.5	1052	$1,525	$1.45	45d	1	0.63mi
913 Estelle Ave Killeen, TX	4.0	2.0	1292	$1,445	$1.12	15d	1	0.65mi
906 Jefferis Ave Killeen, TX	3.0	2.0	1317	$1,050	$0.80	15d	1	0.65mi
1401 Illinois Ave Killeen, TX	3.0	1.5	1130	$1,250	$1.11	45d	1	0.66mi
1305 Arkansas Ave Killeen, TX	3.0	2.0	1276	$1,300	$1.02	24d	1	0.66mi
2825 Cedar Cir Killeen, TX	2.0	1.0	840	$1,100	$1.31	45d	1	0.67mi
2825 Cedar Cir Killeen, TX	2.0	1.0	840	$1,000	$1.19	15d	1	0.67mi
1504 Jefferis Ave Killeen, TX	3.0	2.0	1258	$1,100	$0.87	15d	1	0.68mi
1505 Dugger Cir Unit B Killeen, TX	2.0	1.0	857	$795	$0.93	24d	1	0.69mi
1509 Dugger Cir Apt C Killeen, TX	3.0	2.0	1178	$900	$0.76	45d	1	0.69mi
724 Carrie Ave Killeen, TX	3.0	1.0	1100	$1,000	$0.91	45d	1	0.71mi

Listing history 3 events

1. 2026-06-18
   days on market $99,900 Active 2 DOM
2. 2026-06-17
   remarks 437-char remark
3. 2026-06-17
   listed $99,900 Active 1 DOM

ⓘ 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: $3,196 · $266/mo
• Projected year-2 tax: $3,196 · $266/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 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥107°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 62% 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: $15,162
• − Mortgage interest: −$5,596
• − Property taxes: −$3,196
• − Insurance: −$500
• − Repairs & maintenance: −$1,213
• − Management: −$1,213
• − Depreciation: −$2,906
• Taxable income: $539
• Est. tax owed @ 24.0%: −$129
• After-tax cash flow: $1,867/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): 34,457
• Household income: $48,564
• Rent vs Own: 60.5% rent · 39.5% own
• Severe rent burden: 2423.0

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 0.71)
• Race & ethnicity: Black 36% Hispanic / Latino 29% White 26% Two or more races 12% Asian 3%
• Hispanic origin (detail): Mexican 15% Puerto Rican 9% Dominican 1%
• Common ancestry: Italian 2% Lithuanian 1% Portuguese 1%
• Foreign-born: 8% · Canada, South Korea, Vietnam
• Languages at home: 77% English-only · Spanish 16% Other Asian/Pacific 2% 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: ▼ -178.13%
• Current HPI: 184.405
• Rent YoY: ▼ -1.49%
• 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

+53.9% since first listed

8 events — show timeline

• 2026-06-16 Listed $99,900 CTXMLS
• 2018-02-28 Sold (Public Records) — Public Records
• 2018-02-16 Listing Removed — CTXMLS
• 2018-02-13 Listed $65,000 CTXMLS
• 2017-09-01 Listing Removed — CTXMLS
• 2017-08-19 Listed $64,900 CTXMLS
• 1997-02-18 Sold (Public Records) — Public Records
• 1977-04-19 Sold (Public Records) — Public Records

Property tax history

+7.6%/yr

Latest (2026): $3,196 · +7.0% YoY. Source: county tax records.