1000 N Clinton St N · Stephenville, TX 76401

$169,000

3 bd · 1.0 ba · 1,232 sqft · SingleFamily public records · 186 Days on market

Built 1930 6,316 sqft lot $137/sqft · at area comps Est $170k · at est.

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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).

• Cash flow +14.7/30.0
• ARV discount +7.9/15.0
• DSCR +4.5/10.0
• Schools +4.2/10.0
• 1% rule +3.9/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great location and a corner lot! This home is located in a great area, close to the University and the corner lot provides so many potential opportunities! The lot is zoned R-3 for multi family use! The home has recently been painted inside and out, new flooring throughout and a new metal roof installed! The home is currently rented on a month to month rental contract that can be extended or terminated. This is a budget friendly three bedroom home! Come take a look and see if this is the one for you!

Key facts

• New metal roof
• New flooring
• Zoned r-3

Tags

• CORNER LOT
• ZONED R-3
• NEW FLOORING
• NEW METAL ROOF

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $169k.

Deal economics

• At list price, monthly cash flow is $43 ($518/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 $151k (10.9% below list).
• Recommended offer: $149k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.6% vs local median 2.2% in Stephenville — 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 75/100 on livability (#124 in TX, #3,840 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute F, employment D-.
• Stephenville ISD (town): math 53% / reading 48% proficiency, ranked #191 of 826 in TX (top 23%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Hook El (math 61% / reading 46%, grade C, #686 of 4,322 statewide, top 16%, 569 students, 53% FRL); Henderson J H (math 60% / reading 50%, grade B-, #248 of 1,662 statewide, top 15%, 551 students, 48% FRL); Stephenville H S (math 45% / reading 56%, grade D+, #492 of 1,632 statewide, top 30%, 1,127 students, 45% FRL).
• Market conditions: Rents flat; 385 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 110 units permitted in Erath County in 2024 (61 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Erath County population projected at +55% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 186 days — a 12% lower offer ($149k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $21k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; major 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 $148,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 186 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — 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. 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: 0.89% ✗
• Cap rate: 6.60%
• Cash-on-cash: 1.10%
• DSCR: 1.05
• GRM: 9.4

CMA / ARV

• ARV (median comp): $170,411
• List price: $169,000
• Delta: -0.83%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1175 N Paddock St	0.25mi	2/1.0 (-1)	1,256 (+2%)	1mo	$215,000	$171	79
960 N Stephen Ave	0.10mi	3/2.0	1,366 (+11%)	1mo	$249,000	$182	72
265 W Shirley St	0.48mi	3/1.0	1,296 (+5%)	1mo	$157,000	$121	68
1803 Sprucewood	0.51mi	3/1.0	1,294 (+5%)	2mo	$265,000	$205	66
975 N Neblett St	0.21mi	3/2.0	1,380 (+12%)	1mo	$235,000	$170	65
819 Paddock St	0.30mi	3/2.0	1,372 (+11%)	2mo	$189,000	$138	62
859 N Belknap St	0.51mi	2/1.0 (-1)	1,168 (-5%)	1mo	$199,000	$170	62
990 N Paddock St	0.24mi	2/1.0 (-1)	1,052 (-15%)	0mo	$199,500	$190	59
431 W Collins St	0.43mi	2/1.0 (-1)	1,106 (-10%)	1mo	$98,500	$89	58
210 W Frey St	0.48mi	3/2.0	1,359 (+10%)	3mo	$195,500	$144	54
608 N Belknap Ave	0.60mi	2/2.0 (-1)	1,304 (+6%)	2mo	$320,000	$245	51
662 N Barton St	0.49mi	2/2.0 (-1)	1,052 (-15%)	1mo	$193,000	$183	43

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 · 0.07% rent growth · sell at horizon

5-year hold

• IRR: -17.8%
• Equity multiple: 0.39×
• Total profit: $-28,937
• Equity at exit: $25,198

10-year hold

• IRR: -16.8%
• Equity multiple: 0.19×
• Total profit: $-38,303
• Equity at exit: $14,612

Cash invested: $47,320 (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 76401

• Rents YoY: 0.1%
• Active inventory: 385
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,505 high
• Mortgage (P&I): −$886
• Tax from tax record: −$189 /mo · $2,272/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $43

Break-even live

Break-even rent $1,451

Max offer price $169,000

Occupancy floor 92%

Sensitivity live

Price	-10% $139	-5% $91	+0% $43	+5% $-5	+10% $-52
Rent	-10% $-76	-5% $-16	+0% $43	+5% $103	+10% $162
Rate	-1.0pp $128	-0.5pp $86	base $43	+0.5pp $-1	+1.0pp $-45

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
731 W Walnut St Stephenville, TX	2.0	1.0	828	$1,100	$1.33	45d	1	0.15mi
791 N Clinton St Stephenville, TX	2.0	1.5	1160	$1,800	$1.55	45d	1	0.19mi
1713 Bingham St Stephenville, TX	3.0	1.0	1218	$1,750	$1.44	45d	1	0.31mi
1391 N Race Unit C Stephenville, TX	2.0	2.0	800	$1,000	$1.25	45d	1	0.34mi
1026 W Tarleton St Apt 102 Stephenville, TX	2.0	2.0	1000	$1,500	$1.50	45d	1	0.51mi
290 S McIlhaney St Unit 1102 Stephenville, TX	3.0	3.0	1223	$775	$0.63	45d	1	0.77mi
1361 W McNeill St Stephenville, TX	3.0	1.0	1200	$1,495	$1.25	45d	1	0.80mi
1435 W McNeill St Stephenville, TX	2.0	1.0	1120	$1,500	$1.34	45d	1	0.83mi
504 S 1st Ave Unit 1 Stephenville, TX	3.0	1.5	1100	$1,250	$1.14	45d	1	0.92mi
1321 W Swan St Stephenville, TX	2.0	2.0	1000	$1,100	$1.10	45d	1	0.92mi
561 S Second Ave Stephenville, TX	3.0	3.0	1500	$750	$0.50	45d	1	0.96mi
402 Garrett Ct Stephenville, TX	3.0	3.0	1300	$750	$0.58	45d	1	1.03mi
701 S Lillian St Stephenville, TX	3.0	3.0	1375	$695	$0.51	45d	1	1.17mi
2251 W Lingleville Rd Stephenville, TX	1.0–2.0	1.0	710	$807	$1.14	45d	20	1.20mi
1000 E Lingleville Rd Stephenville, TX	1.0–2.0	1.0–1.5	776	$1,378	$1.77	45d	1	1.26mi
949 S Lillian St Stephenville, TX	1.0–2.0	1.0–1.5	709	$952	$1.34	45d	19	1.28mi
2290 W Tarleton St Unit 103 Stephenville, TX	2.0	2.0	760	$1,800	$2.37	45d	1	1.32mi

Listing history 24 events

1. 2026-06-21
   days on market $169,000 Active 186 DOM
2. 2026-06-19
   days on market $169,000 Active 184 DOM
3. 2026-06-18
   days on market $169,000 Active 183 DOM
4. 2026-06-17
   days on market $169,000 Active 182 DOM
5. 2026-06-16
   days on market $169,000 Active 181 DOM
6. 2026-06-15
   days on market $169,000 Active 180 DOM
7. 2026-06-14
   days on market $169,000 Active 178 DOM
8. 2026-06-12
   days on market $169,000 Active 177 DOM
9. 2026-06-09
   days on market $169,000 Active 174 DOM
10. 2026-06-08
    days on market $169,000 Active 173 DOM
11. 2026-06-07
    days on market $169,000 Active 172 DOM
12. 2026-06-03
    days on market $169,000 Active 168 DOM
13. 2026-06-02
    days on market $169,000 Active 167 DOM
14. 2026-06-01
    days on market $169,000 Active 166 DOM
15. 2026-05-31
    days on market $169,000 Active 165 DOM
16. 2026-05-30
    days on market $169,000 Active 164 DOM
17. 2026-03-07
    price $169,000 505-char remark

    Show marketing remark (505 chars)

    Great location and a corner lot! This home is located in a great area, close to the University and the corner lot provides so many potential opportunities! The lot is zoned R-3 for multi family use! The home has recently been painted inside and out, new flooring throughout and a new metal roof installed! The home is currently rented on a month to month rental contract that can be extended or terminated. This is a budget friendly three bedroom home! Come take a look and see if this is the one for you!

18. 2025-12-17
    listed $190,000 Active 505-char remark

    Show marketing remark (505 chars)

    Great location and a corner lot! This home is located in a great area, close to the University and the corner lot provides so many potential opportunities! The lot is zoned R-3 for multi family use! The home has recently been painted inside and out, new flooring throughout and a new metal roof installed! The home is currently rented on a month to month rental contract that can be extended or terminated. This is a budget friendly three bedroom home! Come take a look and see if this is the one for you!

19. 2025-08-22
    soldstatus
20. 2025-07-31
    listed $125,000 Active
21. 2025-03-31
    soldstatus
22. 2017-04-03
    soldstatus
23. 2007-04-02
    soldstatus
24. 1996-07-23
    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: $2,272 · $189/mo
• Projected year-2 tax: $3,093 · $258/mo
• Expected delta: +$821/yr (+$68/mo · 36.1%)

ⓘ 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 7/10 Severe
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% 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: $18,064
• − Mortgage interest: −$9,467
• − Property taxes: −$2,272
• − Insurance: −$845
• − Repairs & maintenance: −$1,445
• − Management: −$1,445
• − Depreciation: −$4,916
• Taxable loss: −$2,326
• Est. tax savings @ 24.0%: +$558
• After-tax cash flow: $1,077/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: Stephenville ISD
• NCES district ID: 4841520
• Math proficiency: 53% ▼ -1.00%
• Reading proficiency: 48% ▼ -4.00%
• Median HH income: $39,565
• Composite: 42.23/100
• National rank: #3283
• State rank: #191 of 826 in TX

Livability — Stephenville

• Score: 75/100
• State rank: #124
• US rank: #3840

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Stephenville, TX
• County: Erath County · 31,375 people
• City population: 31,375
• Metro: Stephenville, TX
• Population (ZIP): 31,375
• Household income: $61,210
• Rent vs Own: 44.1% rent · 55.9% own
• Severe rent burden: 1758.0

Population outlook (Erath County) Hauer SSP2

• Today (2025): 50,437 people
• By 2030: 55,510 · +10.1%
• By 2040: 66,379 · +31.6%
• By 2050: 77,981 · +54.6%
• By 2075: 109,727 · +117.6%
• By 2100: 132,574 · +162.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 18% Two or more races 8% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Slovak 2% Italian 1% Serbian 1%
• Foreign-born: 5% · Canada, China
• Languages at home: 88% English-only · Spanish 10% Chinese 1%

Political lean MEDSL · Erath

• 2024 margin: Solid R (+68.0) · D 15.7% · R 83.7%
• 2008→2024 swing: -13.5pp toward R · 2008: -54.5pp · 2024: -68.0pp
• All cycles: 2024: R+68.0 2020: R+63.9 2016: R+65.5 2012: R+67.1 2008: R+54.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -133.71%
• Current HPI: 234.4986
• Rent YoY: ▲ 0.07%
• Metro: Stephenville, 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

+35.2% since first listed

8 events — show timeline

• 2026-03-07 Price Changed $169,000 NTREIS
• 2025-12-17 Listed $190,000 NTREIS
• 2025-08-22 Sold (Public Records) — Public Records
• 2025-07-31 Listed $125,000 NTREIS
• 2025-03-31 Sold (Public Records) — Public Records
• 2017-04-03 Sold (Public Records) — Public Records
• 2007-04-02 Sold (Public Records) — Public Records
• 1996-07-23 Sold (Public Records) — Public Records

Property tax history

+7.0%/yr

Latest (2025): $2,272 · +5.8% YoY. Source: county tax records.