339 S Pleasant Hill Rd · Waco, TX 76624

$298,000

3 bd · 2.0 ba · 1,170 sqft · SingleFamily public records · 49 Days on market

Built 1992 0.73 ac lot $255/sqft · 16% above area Est $346k · 14% 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).

• ARV discount +13.7/15.0
• Cash flow +13.6/30.0
• Appreciation +5.2/10.0
• DSCR +4.1/10.0
• Livability +3.7/5.0
• Schools +3.4/10.0
• 1% rule +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Make this home your slice of Texas country living! Tucked away on a spacious 0.73 acre lot, this 3 bedroom, 2 bathroom home brings all the good vibes. . peaceful mornings, starry nights, and plenty of space to live life your way. Inside, you’ll find a cozy and welcoming layout filled with natural light and an easy flow between the main living spaces. . perfect for movie nights, hosting friends, or just kicking back after a long day. The kitchen is ready for everything from quick breakfasts to Sunday dinners, offering ample storage and prep space. Enjoy a relaxing sunroom or transform it into the perfect bonus flex space to fit your lifestyle. Outside, you’ll love the wide open

Key facts

• 0.73 acre lot
• Garage
• Built 1992

Property features AI

Finance

• Other: Lot is approximately 0.73 acre; Will not subdivide; Directions: GPS - 339 S Pleasant Hill Rd Axtell, TX; County: McLennan
• Financial info: Accepts Cash, Conventional, FHA, and VA financing; No second mortgage
• HOA & community: No association

Exterior

• Parking: Attached garage (1 car); Carport (2 spaces); Covered parking for 3 vehicles; Driveway
• Utilities: Co-op water; Septic system; No municipal utility district
• Home design: Single-family residence; Attached property; Built in 1992; Composition roof; Slab foundation; Subdivision: Tomas De La Vega
• Construction: Composition roof; Slab foundation; Built in 1992; Single-family construction
• Exterior features: Covered front porch; Glass-enclosed patio; Patio; Partial pipe fencing; Shed(s) on the property

Interior

• Kitchen: Dishwasher; Microwave
• Bedrooms: Three bedrooms (primary bedroom on level 1)
• Flooring: Tile flooring; Vinyl flooring
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: One-level home; Window coverings; Other interior features; Four total rooms (living, dining, primary bedroom, primary bath)
• Laundry & utility: Full-size washer/dryer area; Washer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $298k.

Deal economics

• At list price, monthly cash flow is $15 ($186/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 $240k (19.6% below list).
• Recommended offer: $240k (19.6% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 3.9% in Waco — 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 74/100 on livability (#166 in TX, #4,378 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D, commute F, employment D-.
• Axtell ISD (rural): math 33% / reading 46% proficiency, ranked #425 of 826 in TX (top 52%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Axtell El (math 37% / reading 52%, grade F, #1,155 of 4,322 statewide, top 29%, 397 students, 51% FRL) — zoned schools at 51% FRL track the district average.
• Market conditions: 33 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,014 units permitted in McLennan County in 2024 (200 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($2k loan paydown + $1k appreciation (0.3% local appreciation)).
• McLennan County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 9, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($289k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 10y ago; this cycle's ask is 12343% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 60% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $239,500 (19.6% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
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. 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?
5. 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.
6. 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.
7. 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: 0.80% ✗
• Cap rate: 6.36%
• Cash-on-cash: 0.22%
• DSCR: 1.01
• GRM: 10.4

CMA / ARV

• ARV (median comp): $345,964
• List price: $298,000
• Delta: -13.86%
• Verdict: UNDERPRICED
• Comps: 6 within 1.0 mi

Projected returns pro-forma

0.35% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -0.7%
• Equity multiple: 0.97×
• Total profit: $-2,872
• Equity at exit: $91,782

10-year hold

• IRR: 4.6%
• Equity multiple: 1.52×
• Total profit: $43,213
• Equity at exit: $114,609

Cash invested: $83,440 (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 76624

• Home prices YoY: 0.2%
• Active inventory: 33
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,395 medium
• Mortgage (P&I): −$1,563
• Tax from tax record: −$190 /mo · $2,276/yr
• Insurance: −$124
• HOA: −$0
• Vacancy / Maint / Mgmt: −$503
• Net cashflow: $15

Break-even live

Break-even rent $2,375

Max offer price $298,000

Occupancy floor 94%

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: $74,500
• Closing costs: $8,940
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
339 S Pleasant Hill Rd Unit NA Axtell, TX	3.0	2.0	1170	$2,395	$2.05	43d	1	0.03mi

Listing history 31 events

1. 2026-06-18
   days on market $298,000 Active 49 DOM
2. 2026-06-17
   days on market $298,000 Active 48 DOM
3. 2026-06-16
   days on market $298,000 Active 47 DOM
4. 2026-06-15
   days on market $298,000 Active 46 DOM
5. 2026-06-14
   days on market $298,000 Active 44 DOM
6. 2026-06-13
   days on market $298,000 Active 43 DOM
7. 2026-06-10
   days on market $298,000 Active 41 DOM
8. 2026-06-09
   days on market $298,000 Active 40 DOM
9. 2026-06-08
   days on market $298,000 Active 39 DOM
10. 2026-06-07
    pricedays on market $298,000 Active 38 DOM
11. 2026-06-02
    days on market $319,000 Active 33 DOM
12. 2026-06-01
    days on market $319,000 Active 32 DOM
13. 2026-05-31
    days on market $319,000 Active 31 DOM
14. 2026-05-30
    days on market $319,000 Active 30 DOM
15. 2026-05-17
    listed $2,395
16. 2026-04-30
    listed $319,000 Active 1147-char remark
17. 2026-04-17
    historical $2,500
18. 2026-03-10
    listed $2,500
19. 2026-03-10
    historical $2,500
20. 2026-03-08
    listed $2,500
21. 2026-01-19
    historical $2,500
22. 2025-12-31
    listed $2,500
23. 2025-12-31
    historical $2,500
24. 2025-11-01
    listed $2,500
25. 2025-11-01
    historical $2,500
26. 2025-09-26
    listed $2,500
27. 2016-10-18
    historical
28. 2016-04-18
    listed $198,500
29. 2009-05-11
    soldstatus
30. 2008-03-31
    soldstatus
31. 2001-03-16
    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: $2,276 · $190/mo
• Projected year-2 tax: $5,453 · $454/mo
• Expected delta: +$3,177/yr (+$265/mo · 139.6%)

ⓘ 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 7/10 Severe 7 d/yr ≥110°F today · 26 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 60% 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: $28,740
• − Mortgage interest: −$16,693
• − Property taxes: −$2,276
• − Insurance: −$1,490
• − Repairs & maintenance: −$2,299
• − Management: −$2,299
• − Depreciation: −$8,669
• Taxable loss: −$4,986
• Est. tax savings @ 24.0%: +$1,197
• After-tax cash flow: $1,382/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: Axtell ISD
• NCES district ID: 4809150
• Math proficiency: 33% ▼ -11.00%
• Reading proficiency: 46% ▼ -2.00%
• Median HH income: $48,524
• Composite: 33.89/100
• National rank: #5346
• State rank: #425 of 826 in TX

Livability — Waco

• Score: 74/100
• State rank: #166
• US rank: #4378

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 125,319
• Population (ZIP): 2,679

Population outlook (McLennan County) Hauer SSP2

• Today (2025): 264,191 people
• By 2030: 273,578 · +3.6%
• By 2040: 291,506 · +10.3%
• By 2050: 308,044 · +16.6%
• By 2075: 349,648 · +32.3%
• By 2100: 364,779 · +38.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Two or more races 21% Hispanic / Latino 10% Black 4%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Romanian 3% Danish 2% Serbian 2%
• Foreign-born: 3% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · McLennan

• 2024 margin: Solid R (+30.9) · D 34.0% · R 64.9% · Other 1.0%
• 2008→2024 swing: -7.0pp toward R · 2008: -23.9pp · 2024: -30.9pp
• All cycles: 2024: R+30.9 2020: R+23.4 2016: R+27.1 2012: R+29.8 2008: R+23.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.35%
• Current HPI: 146.68
• 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

-98.8% since first listed

20 events — show timeline

• 2026-06-16 Listed for Rent $2,395 RENTALBEAST
• 2026-06-15 Rental Removed $2,395 Avail
• 2026-06-03 Price Changed $298,000 NTREIS
• 2026-05-17 Listed for Rent $2,395 Avail
• 2026-04-30 Listed $319,000 NTREIS
• 2026-04-17 Rental Removed $2,500 Avail
• 2026-03-10 Listed for Rent $2,500 Avail
• 2026-03-10 Rental Removed $2,500 RENTALBEAST
• 2026-03-08 Listed for Rent $2,500 RENTALBEAST
• 2026-01-19 Rental Removed $2,500 RENTALBEAST
• 2025-12-31 Listed for Rent $2,500 RENTALBEAST
• 2025-12-31 Rental Removed $2,500 Avail
• 2025-11-01 Listed for Rent $2,500 Avail
• 2025-11-01 Rental Removed $2,500 PROPERTYWARE
• 2025-09-26 Listed for Rent $2,500 PROPERTYWARE
• 2016-10-18 Listing Removed — NTREIS
• 2016-04-18 Listed $198,500 NTREIS
• 2009-05-11 Sold (Public Records) — Public Records
• 2008-03-31 Sold (Public Records) — Public Records
• 2001-03-16 Sold (Public Records) — Public Records

Property tax history

+3.4%/yr

Latest (2025): $2,276 · +9.9% YoY. Source: county tax records.