300 W Avenue J · Nolanville, TX 76559

$149,500

3 bd · 1.0 ba · 1,564 sqft · SingleFamily public records · 14 Days on market

Built 1940 0.30 ac lot Est $222k · 33% under

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Why this score? — see what drove the B+ 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 +28.0/30.0
• ARV discount +15.0/15.0
• DSCR +9.9/10.0
• 1% rule +7.1/10.0
• Appreciation +5.0/10.0
• Livability +3.7/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Situated on a spacious corner lot in the heart of Nolanville, this charming 3-bedroom, 2-bath home offers character, functionality, and plenty of outdoor space. Built in 1940s and set on approximately 0.30 acres, the property features ample parking alongside the home, making it convenient for multiple vehicles, trailers, or recreational equipment. Several storage buildings provide abundant space for tools, hobbies, equipment, or additional storage needs. The large lot offers room to enjoy outdoor living, gardening, or future improvements. Conveniently located near schools, shopping, dining, and major commuter routes to Killeen, Harker Heights, Belton, and Fort Hood, this property presents a

Key facts

• Near schools
• Near shopping
• Ample parking

Tags

• CORNER LOT
• AMPLE PARKING
• STORAGE BUILDINGS
• OUTDOOR LIVING
• NEAR SCHOOLS
• NEAR SHOPPING

Property features AI

Finance

• HOA & community: Street lights in the community

Exterior

• Parking: No garage
• Utilities: Trash collection (public); Water available (public; not connected at lot); Public sewer (not connected at lot); Power / utilities available
• Home design: Single-story; Faces south; Resale property
• Construction: Masonry construction; Composition/shingle roof; Slab foundation; Built (year source: Assessor)
• Exterior features: Storage; Chain link fencing; City lot; Road frontage on a city street; Asphalt road surface

Interior

• Kitchen: Electric range / oven; Range; Refrigerator; Disposal
• Flooring: Carpet; Linoleum
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heating present; One cooling unit
• Interior features: Ceiling fan(s); Permanent attic stairs; Breakfast bar; Kitchen/dining combo; Living room fireplace
• Laundry & utility: Electric dryer hookup; Laundry located inside

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $465 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 10.0% vs local median 3.4% in Nolanville — 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 (#176 in TX, #4,655 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D+, amenities F, commute F.
• 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: 235 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 3,222 units permitted in Bell County in 2024 (246 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($1k loan paydown + $55 appreciation (0.0% local appreciation)).
• Bell County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (0.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 65% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $149,500

Questions for the listing agent

1. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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.
5. 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.
6. 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: 1.21% ✓
• Cap rate: 10.03%
• Cash-on-cash: 13.33%
• DSCR: 1.59
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $222,088
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
103 Black Walnut Ct	0.59mi	3/2.0	1,524 (-3%)	7mo	$255,000	$167	58
1217 E Avenue H	0.62mi	3/2.0	1,624 (+4%)	4mo	$230,000	$142	58
210 Cedar Ridge Dr	0.51mi	3/2.0	1,673 (+7%)	6mo	$239,500	$143	56
106 Black Gum Ct	0.64mi	3/2.0	1,656 (+6%)	7mo	$250,000	$151	51
214 N 10 St	0.46mi	3/2.0	1,740 (+11%)	9mo	$235,000	$135	49
217 Timber Ridge Dr	0.60mi	4/2.0 (+1)	1,688 (+8%)	2mo	$239,000	$142	48
315 Sims Ridge Dr	0.59mi	3/2.0	1,631 (+4%)	19mo	$221,000	$135	46
112 Cedar Ridge Dr	0.64mi	4/2.0 (+1)	1,668 (+7%)	7mo	$245,000	$147	44
306 Cindy Ln	0.59mi	3/1.5	1,336 (-15%)	16mo	$185,000	$138	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.04% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 12.7%
• Equity multiple: 1.61×
• Total profit: $25,494
• Equity at exit: $43,688

10-year hold

• IRR: 17.3%
• Equity multiple: 2.92×
• Total profit: $80,192
• Equity at exit: $52,737

Cash invested: $41,860 (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 76559

• Home prices YoY: 0.0%
• Active inventory: 235
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,811 high
• Mortgage (P&I): −$784
• Tax from tax record: −$120 /mo · $1,436/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $465

Break-even live

Break-even rent $1,223

Max offer price $149,500

Occupancy floor 69%

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: $37,375
• Closing costs: $4,485
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
402 Topeka Ct Unit B Nolanville, TX	3.0	2.0	1200	$1,300	$1.08	43d	1	0.10mi
605 Old Glory Rd Nolanville, TX	4.0	3.0	2012	$2,073	$1.03	23d	1	0.21mi
408 W St John Ave Apt A Nolanville, TX	3.0	2.0	1250	$1,100	$0.88	43d	1	0.23mi
870 Freedom Cir Nolanville, TX	4.0	3.0	2191	$2,223	$1.01	21d	1	0.25mi
853 Freedom Cir Nolanville, TX	4.0	3.0	2012	$2,073	$1.03	13d	1	0.25mi
202 East Avenue H Unit H Nolanville, TX	3.0	2.0	1384	$1,550	$1.12	23d	1	0.26mi
854 Freedom Cir Nolanville, TX	4.0	3.0	2012	$1,901	$0.94	43d	1	0.28mi
810 Freedom Cir Nolanville, TX	4.0	2.0	1974	$3,895	$1.97	13d	1	0.38mi
217 Slippery Elm Dr Nolanville, TX	4.0	2.5	2076	$2,250	$1.08	13d	1	0.45mi
310 10th St Unit B Nolanville, TX	3.0	2.0	1281	$1,095	$0.85	43d	1	0.48mi
106 Cedar Ridge Dr Nolanville, TX	4.0	2.0	1807	$1,695	$0.94	13d	1	0.68mi
240 W Elm St Unit A Nolanville, TX	3.0	2.0	1200	$1,600	$1.33	23d	1	0.81mi
7026 Chimney Hill Dr Nolanville, TX	4.0	2.5	2041	$2,200	$1.08	23d	1	0.99mi
406 Diana Ln Harker Heights, TX	4.0	2.0	1617	$1,600	$0.99	43d	1	1.26mi
1806 Iron Jacket Trl Harker Heights, TX	4.0	2.0	2178	$2,345	$1.08	23d	1	1.27mi
1901 Horatio St Nolanville, TX	3.0	2.0	1945	$2,050	$1.05	23d	1	1.44mi
2053 Stillwell St Nolanville, TX	4.0	2.0	1811	$2,300	$1.27	23d	1	1.48mi
1602 Old Nolanville Rd Unit B Nolanville, TX	3.0	2.0	1276	$1,350	$1.06	23d	1	1.49mi
1805 Diana Ln Harker Heights, TX	4.0	2.0	1732	$1,595	$0.92	43d	1	1.49mi

Listing history 11 events

1. 2026-06-18
   days on market $149,500 Active 14 DOM
2. 2026-06-17
   days on market $149,500 Active 13 DOM
3. 2026-06-16
   days on market $149,500 Active 12 DOM
4. 2026-06-15
   days on market $149,500 Active 11 DOM
5. 2026-06-14
   days on market $149,500 Active 9 DOM
6. 2026-06-13
   days on market $149,500 Active 8 DOM
7. 2026-06-10
   days on market $149,500 Active 6 DOM
8. 2026-06-09
   days on market $149,500 Active 5 DOM
9. 2026-06-08
   days on market $149,500 Active 4 DOM
10. 2026-06-07
    remarks 699-char remark
11. 2026-06-07
    listed $149,500 Active 3 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: $1,436 · $120/mo
• Projected year-2 tax: $2,736 · $228/mo
• Expected delta: +$1,300/yr (+$108/mo · 90.6%)

ⓘ 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 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 65% 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: $21,737
• − Mortgage interest: −$8,374
• − Property taxes: −$1,436
• − Insurance: −$748
• − Repairs & maintenance: −$1,739
• − Management: −$1,739
• − Depreciation: −$4,349
• Taxable income: $3,352
• Est. tax owed @ 24.0%: −$805
• After-tax cash flow: $4,776/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 — Nolanville

• Score: 74/100
• State rank: #176
• US rank: #4655

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Nolanville, TX
• City population: 6,896
• Population (ZIP): 6,896

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: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: White 52% Hispanic / Latino 20% Black 20% Two or more races 6% Asian 5% Pacific Islander 2%
• Hispanic origin (detail): Mexican 16% Puerto Rican 1%
• Common ancestry: Italian 2% Lithuanian 1% Danish 1%
• Foreign-born: 8% · Canada, Vietnam, South Korea
• Languages at home: 88% English-only · Spanish 9% Other Indo-European 1% Korean 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: ▬ 0.04%
• Current HPI: 170.1375
• 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

4 events — show timeline

• 2026-06-04 Listed $149,500 CTXMLS
• 2026-01-13 Sold (Public Records) — Public Records
• 2006-01-10 Sold (Public Records) — Public Records
• 1987-08-04 Sold (Public Records) — Public Records

Property tax history

+1.8%/yr

Latest (2025): $1,436 · +11.8% YoY. Source: county tax records.