15870 County Road 339 · Elmo, TX 75161

$310,000

4 bd · 2.0 ba · 1,456 sqft · SingleFamily public records · 299 Days on market

Built 2002 3.00 ac lot $213/sqft · 9% above area Est $286k · 9% over

---

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 +17.5/30.0
• DSCR +5.5/10.0
• 1% rule +4.3/10.0
• ARV discount +3.7/15.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

NEW ROOF! Discover peaceful country living at this spacious Terrell home, situated on fully fenced 3 acres of open land with plenty of room to spread out and private pond! Inside, the inviting living room flows into the dining area and kitchen, which features a convenient breakfast bar for casual dining or entertaining with new floors! The primary bedroom offers a private retreat with an ensuite bath that includes dual sinks, a walk-in shower, and a generous walk-in closet. Three additional bedrooms provide plenty of space for family or guests, and the updated secondary bathroom adds a modern touch. Outside, enjoy wide open space with endless potential, a storage shed for tools or equipment, and room for gardening, recreation, or expansion. The septic has been pumped for buyers convenience. Located just a short drive from downtown Terrell, you'll enjoy easy access to shopping, dining, and local events, with quick access to US-80 and I-20 for commuting into the Dallas area.

Key facts

• Ensuite bath
• Private pond
• Walk in closet

Tags

• PRIVATE POND
• BREAKFAST BAR
• ENSUITE BATH
• WALK IN SHOWER
• WALK IN CLOSET
• UPDATED SECONDARY BATHROOM

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $310k.

Deal economics

• At list price, monthly cash flow is $240 ($3k/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 $288k (7.0% below list).
• Recommended offer: $273k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.2% vs local median 2.9% in Elmo — 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 57/100 on livability (#1,234 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, crime A; Watch: employment D, amenities F, commute F.
• Terrell ISD (town): math 25% / reading 30% proficiency, ranked #677 of 826 in TX (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: W H Burnett El (329 students, 79% FRL); Herman Furlough Jr Middle (math 28% / reading 28%, grade F, #1,143 of 1,662 statewide, top 69%, 1,168 students, 64% FRL); Terrell H S (math 24% / reading 38%, grade F, #1,077 of 1,632 statewide, top 66%, 1,466 students, 56% FRL) — zoned schools at 67% FRL track the district average.
• Market conditions: 89 active listings in the ZIP; 1,747 units permitted in Kaufman County in 2024 (180 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Kaufman County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 299 days — a 12% lower offer ($273k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 16y ago; this cycle's ask has dropped $55k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% 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 $272,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 299 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.93% ✗
• Cap rate: 7.22%
• Cash-on-cash: 3.32%
• DSCR: 1.15
• GRM: 9.0

CMA / ARV

• ARV (median comp): $285,636
• List price: $310,000
• Delta: 8.53%
• Verdict: FAIR
• Comps: 10 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -11.1%
• Equity multiple: 0.60×
• Total profit: $-34,942
• Equity at exit: $46,222

10-year hold

• IRR: -1.8%
• Equity multiple: 0.88×
• Total profit: $-10,794
• Equity at exit: $26,803

Cash invested: $86,800 (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 75161

• Home prices YoY: -18.4%
• Active inventory: 89
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,885 medium
• Mortgage (P&I): −$1,626
• Tax from tax record: −$284 /mo · $3,403/yr
• Insurance: −$129
• HOA: −$0
• Vacancy / Maint / Mgmt: −$606
• Net cashflow: $240

Break-even live

Break-even rent $2,580

Max offer price $310,000

Occupancy floor 87%

Sensitivity live

Price	-10% $416	-5% $328	+0% $240	+5% $153	+10% $65
Rent	-10% $13	-5% $126	+0% $240	+5% $354	+10% $468
Rate	-1.0pp $397	-0.5pp $319	base $240	+0.5pp $160	+1.0pp $78

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: $77,500
• Closing costs: $9,300
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-09
   days on market $310,000 Active 299 DOM
2. 2026-06-08
   days on market $310,000 Active 298 DOM
3. 2026-06-07
   days on market $310,000 Active 297 DOM
4. 2026-06-04
   days on market $310,000 Active 294 DOM
5. 2026-06-03
   days on market $310,000 Active 293 DOM
6. 2026-06-02
   days on market $310,000 Active 292 DOM
7. 2026-06-01
   days on market $310,000 Active 291 DOM
8. 2026-05-31
   days on market $310,000 Active 290 DOM
9. 2026-05-06
   status Active 987-char remark

   Show marketing remark (987 chars)

   NEW ROOF! Discover peaceful country living at this spacious Terrell home, situated on fully fenced 3 acres of open land with plenty of room to spread out and private pond! Inside, the inviting living room flows into the dining area and kitchen, which features a convenient breakfast bar for casual dining or entertaining with new floors! The primary bedroom offers a private retreat with an ensuite bath that includes dual sinks, a walk-in shower, and a generous walk-in closet. Three additional bedrooms provide plenty of space for family or guests, and the updated secondary bathroom adds a modern touch. Outside, enjoy wide open space with endless potential, a storage shed for tools or equipment, and room for gardening, recreation, or expansion. The septic has been pumped for buyers convenience. Located just a short drive from downtown Terrell, you'll enjoy easy access to shopping, dining, and local events, with quick access to US-80 and I-20 for commuting into the Dallas area.

10. 2026-04-22
    status Pending 987-char remark

    Show marketing remark (987 chars)

    NEW ROOF! Discover peaceful country living at this spacious Terrell home, situated on fully fenced 3 acres of open land with plenty of room to spread out and private pond! Inside, the inviting living room flows into the dining area and kitchen, which features a convenient breakfast bar for casual dining or entertaining with new floors! The primary bedroom offers a private retreat with an ensuite bath that includes dual sinks, a walk-in shower, and a generous walk-in closet. Three additional bedrooms provide plenty of space for family or guests, and the updated secondary bathroom adds a modern touch. Outside, enjoy wide open space with endless potential, a storage shed for tools or equipment, and room for gardening, recreation, or expansion. The septic has been pumped for buyers convenience. Located just a short drive from downtown Terrell, you'll enjoy easy access to shopping, dining, and local events, with quick access to US-80 and I-20 for commuting into the Dallas area.

11. 2026-02-17
    price $310,000 987-char remark

    Show marketing remark (987 chars)

    NEW ROOF! Discover peaceful country living at this spacious Terrell home, situated on fully fenced 3 acres of open land with plenty of room to spread out and private pond! Inside, the inviting living room flows into the dining area and kitchen, which features a convenient breakfast bar for casual dining or entertaining with new floors! The primary bedroom offers a private retreat with an ensuite bath that includes dual sinks, a walk-in shower, and a generous walk-in closet. Three additional bedrooms provide plenty of space for family or guests, and the updated secondary bathroom adds a modern touch. Outside, enjoy wide open space with endless potential, a storage shed for tools or equipment, and room for gardening, recreation, or expansion. The septic has been pumped for buyers convenience. Located just a short drive from downtown Terrell, you'll enjoy easy access to shopping, dining, and local events, with quick access to US-80 and I-20 for commuting into the Dallas area.

12. 2026-01-05
    price $335,000 987-char remark

    Show marketing remark (987 chars)

    NEW ROOF! Discover peaceful country living at this spacious Terrell home, situated on fully fenced 3 acres of open land with plenty of room to spread out and private pond! Inside, the inviting living room flows into the dining area and kitchen, which features a convenient breakfast bar for casual dining or entertaining with new floors! The primary bedroom offers a private retreat with an ensuite bath that includes dual sinks, a walk-in shower, and a generous walk-in closet. Three additional bedrooms provide plenty of space for family or guests, and the updated secondary bathroom adds a modern touch. Outside, enjoy wide open space with endless potential, a storage shed for tools or equipment, and room for gardening, recreation, or expansion. The septic has been pumped for buyers convenience. Located just a short drive from downtown Terrell, you'll enjoy easy access to shopping, dining, and local events, with quick access to US-80 and I-20 for commuting into the Dallas area.

13. 2025-12-17
    price $340,000 987-char remark

    Show marketing remark (987 chars)

    NEW ROOF! Discover peaceful country living at this spacious Terrell home, situated on fully fenced 3 acres of open land with plenty of room to spread out and private pond! Inside, the inviting living room flows into the dining area and kitchen, which features a convenient breakfast bar for casual dining or entertaining with new floors! The primary bedroom offers a private retreat with an ensuite bath that includes dual sinks, a walk-in shower, and a generous walk-in closet. Three additional bedrooms provide plenty of space for family or guests, and the updated secondary bathroom adds a modern touch. Outside, enjoy wide open space with endless potential, a storage shed for tools or equipment, and room for gardening, recreation, or expansion. The septic has been pumped for buyers convenience. Located just a short drive from downtown Terrell, you'll enjoy easy access to shopping, dining, and local events, with quick access to US-80 and I-20 for commuting into the Dallas area.

14. 2025-10-31
    price $350,000 987-char remark

    Show marketing remark (987 chars)

    NEW ROOF! Discover peaceful country living at this spacious Terrell home, situated on fully fenced 3 acres of open land with plenty of room to spread out and private pond! Inside, the inviting living room flows into the dining area and kitchen, which features a convenient breakfast bar for casual dining or entertaining with new floors! The primary bedroom offers a private retreat with an ensuite bath that includes dual sinks, a walk-in shower, and a generous walk-in closet. Three additional bedrooms provide plenty of space for family or guests, and the updated secondary bathroom adds a modern touch. Outside, enjoy wide open space with endless potential, a storage shed for tools or equipment, and room for gardening, recreation, or expansion. The septic has been pumped for buyers convenience. Located just a short drive from downtown Terrell, you'll enjoy easy access to shopping, dining, and local events, with quick access to US-80 and I-20 for commuting into the Dallas area.

15. 2025-10-10
    price $360,000 987-char remark

    Show marketing remark (987 chars)

    NEW ROOF! Discover peaceful country living at this spacious Terrell home, situated on fully fenced 3 acres of open land with plenty of room to spread out and private pond! Inside, the inviting living room flows into the dining area and kitchen, which features a convenient breakfast bar for casual dining or entertaining with new floors! The primary bedroom offers a private retreat with an ensuite bath that includes dual sinks, a walk-in shower, and a generous walk-in closet. Three additional bedrooms provide plenty of space for family or guests, and the updated secondary bathroom adds a modern touch. Outside, enjoy wide open space with endless potential, a storage shed for tools or equipment, and room for gardening, recreation, or expansion. The septic has been pumped for buyers convenience. Located just a short drive from downtown Terrell, you'll enjoy easy access to shopping, dining, and local events, with quick access to US-80 and I-20 for commuting into the Dallas area.

16. 2025-09-02
    price $375,000 987-char remark

    Show marketing remark (987 chars)

    NEW ROOF! Discover peaceful country living at this spacious Terrell home, situated on fully fenced 3 acres of open land with plenty of room to spread out and private pond! Inside, the inviting living room flows into the dining area and kitchen, which features a convenient breakfast bar for casual dining or entertaining with new floors! The primary bedroom offers a private retreat with an ensuite bath that includes dual sinks, a walk-in shower, and a generous walk-in closet. Three additional bedrooms provide plenty of space for family or guests, and the updated secondary bathroom adds a modern touch. Outside, enjoy wide open space with endless potential, a storage shed for tools or equipment, and room for gardening, recreation, or expansion. The septic has been pumped for buyers convenience. Located just a short drive from downtown Terrell, you'll enjoy easy access to shopping, dining, and local events, with quick access to US-80 and I-20 for commuting into the Dallas area.

17. 2025-08-01
    listed $365,000 Active 987-char remark

    Show marketing remark (987 chars)

    NEW ROOF! Discover peaceful country living at this spacious Terrell home, situated on fully fenced 3 acres of open land with plenty of room to spread out and private pond! Inside, the inviting living room flows into the dining area and kitchen, which features a convenient breakfast bar for casual dining or entertaining with new floors! The primary bedroom offers a private retreat with an ensuite bath that includes dual sinks, a walk-in shower, and a generous walk-in closet. Three additional bedrooms provide plenty of space for family or guests, and the updated secondary bathroom adds a modern touch. Outside, enjoy wide open space with endless potential, a storage shed for tools or equipment, and room for gardening, recreation, or expansion. The septic has been pumped for buyers convenience. Located just a short drive from downtown Terrell, you'll enjoy easy access to shopping, dining, and local events, with quick access to US-80 and I-20 for commuting into the Dallas area.

18. 2010-09-08
    soldstatus 353-char remark

    Show marketing remark (353 chars)

    HUD 491-880122 CHOOSE FHA FINANCING TO QUALIFY FOR $100 DOWN PAYMENT. ASK YOUR AGENT FOR DETAILS. NICE 5 BEDROOMS, 2 BATHROOM SINGLE FAMILY ONE STORY HOME WITH LARGE LOT AND HEAVILY TREED AND A WHITE PICKET FENCE, SPLIT BEDROOMS WITH TONS OF ROOM TO GROW. 1415 SQUARE FEET-INFORMATION IS FROM THE FHA APPRAISAL AND IS DEEMED RELIABLE BUT NOT GUARANTEED.

19. 2010-07-26
    historical 353-char remark

    Show marketing remark (353 chars)

    HUD 491-880122 CHOOSE FHA FINANCING TO QUALIFY FOR $100 DOWN PAYMENT. ASK YOUR AGENT FOR DETAILS. NICE 5 BEDROOMS, 2 BATHROOM SINGLE FAMILY ONE STORY HOME WITH LARGE LOT AND HEAVILY TREED AND A WHITE PICKET FENCE, SPLIT BEDROOMS WITH TONS OF ROOM TO GROW. 1415 SQUARE FEET-INFORMATION IS FROM THE FHA APPRAISAL AND IS DEEMED RELIABLE BUT NOT GUARANTEED.

20. 2010-06-22
    listed $73,000 353-char remark

    Show marketing remark (353 chars)

    HUD 491-880122 CHOOSE FHA FINANCING TO QUALIFY FOR $100 DOWN PAYMENT. ASK YOUR AGENT FOR DETAILS. NICE 5 BEDROOMS, 2 BATHROOM SINGLE FAMILY ONE STORY HOME WITH LARGE LOT AND HEAVILY TREED AND A WHITE PICKET FENCE, SPLIT BEDROOMS WITH TONS OF ROOM TO GROW. 1415 SQUARE FEET-INFORMATION IS FROM THE FHA APPRAISAL AND IS DEEMED RELIABLE BUT NOT GUARANTEED.

21. 2000-06-07
    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: $3,403 · $284/mo
• Projected year-2 tax: $5,673 · $473/mo
• Expected delta: +$2,270/yr (+$189/mo · 66.7%)

ⓘ 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 ≥109°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,615
• − Mortgage interest: −$17,365
• − Property taxes: −$3,403
• − Insurance: −$1,550
• − Repairs & maintenance: −$2,769
• − Management: −$2,769
• − Depreciation: −$9,018
• Taxable loss: −$2,259
• Est. tax savings @ 24.0%: +$542
• After-tax cash flow: $3,427/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: Terrell ISD
• NCES district ID: 4842450
• Math proficiency: 25% ▼ -14.00%
• Reading proficiency: 30% ▼ -5.00%
• Median HH income: $44,265
• Composite: 23.57/100
• National rank: #7855
• State rank: #677 of 826 in TX

Livability — Elmo

• Score: 57/100
• State rank: #1234
• US rank: #21588

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 6,910
• Population (ZIP): 6,910

Population outlook (Kaufman County) Hauer SSP2

• Today (2025): 138,716 people
• By 2030: 150,815 · +8.7%
• By 2040: 174,877 · +26.1%
• By 2050: 198,020 · +42.8%
• By 2075: 251,908 · +81.6%
• By 2100: 285,325 · +105.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Hispanic / Latino 24% Two or more races 15% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 20%
• Common ancestry: Lithuanian 2% Portuguese 1% Slovak 1%
• Foreign-born: 12% · Canada
• Languages at home: 85% English-only · Spanish 14%

Political lean MEDSL · Kaufman

• 2024 margin: Strong R (+27.9) · D 35.6% · R 63.5%
• 2008→2024 swing: +7.9pp toward D · 2008: -35.8pp · 2024: -27.9pp
• All cycles: 2024: R+27.9 2020: R+33.9 2016: R+47.0 2012: R+44.4 2008: R+35.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -57.90%
• Current HPI: 255.8463
• 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

+324.7% since first listed

13 events — show timeline

• 2026-05-06 Relisted — NTREIS
• 2026-04-22 Pending — NTREIS
• 2026-02-17 Price Changed $310,000 NTREIS
• 2026-01-05 Price Changed $335,000 NTREIS
• 2025-12-17 Price Changed $340,000 NTREIS
• 2025-10-31 Price Changed $350,000 NTREIS
• 2025-10-10 Price Changed $360,000 NTREIS
• 2025-09-02 Price Changed $375,000 NTREIS
• 2025-08-01 Listed $365,000 NTREIS
• 2010-09-08 Sold (MLS) — NTREIS
• 2010-07-26 Listing Removed — NTREIS
• 2010-06-22 Listed $73,000 NTREIS
• 2000-06-07 Sold (Public Records) — Public Records

Property tax history

+2.9%/yr

Latest (2025): $3,403 · -45.7% YoY. Source: county tax records.