3003 Lawrence Rd · Wichita Falls, TX 76309

$94,750

3 bd · 1.0 ba · 1,260 sqft · SingleFamily public records · 36 Days on market

Built 1951 $75/sqft · 12% below area Est $108k · 12% 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 +25.1/30.0
• ARV discount +13.1/15.0
• DSCR +8.2/10.0
• 1% rule +7.1/10.0
• Rent growth +4.6/5.0
• Livability +3.5/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 Bedroom, 1 Bath with 2 living areas now available! Great for investment or buyer looking for a small project! This property features energy efficient windows, maintenance free vinyl siding, covered patio, extended yard & a one car detached garage with automatic opener perfect for storage or workshop. Bonus of Hardwood flooring in bedrooms & under carpeting in front living area! Remodeled kitchen with beautiful cabinetry & stainless appliances! Call today for your private viewing!!

Key facts

• Built 1951
• Listed 36 days

Tags

• ROOF ONLY A FEW MONTHS OLD
• HOBBYIST DREAM GARAGE
• VERSATILE WORKSPACE POTENTIAL

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Faces west
• Construction: Vinyl siding; Composition roof
• Exterior features: Covered patio/porch; Fenced yard; Outbuilding; Workshop

Interior

• Kitchen: Dishwasher; Refrigerator
• Flooring: Hardwood
• Heating & cooling: Central heating (natural gas); Central air conditioning
• Interior features: Hardwood floors

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $211 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $92k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 4.7% in Wichita Falls — 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 69/100 on livability (#437 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, employment D+, schools D.
• Wichita Falls ISD (urban): math 31% / reading 33% proficiency, ranked #585 of 826 in TX (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+8.3%/yr); 130 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 231 units permitted in Wichita County in 2024 (10 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $656 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Wichita County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $27k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y ago; this cycle's ask has dropped $5k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $91,907 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.21% ✓
• Cap rate: 8.96%
• Cash-on-cash: 9.53%
• DSCR: 1.42
• GRM: 6.9

CMA / ARV

• ARV (median comp): $108,176
• List price: $94,750
• Delta: -12.41%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 3.8%
• Equity multiple: 1.16×
• Total profit: $4,144
• Equity at exit: $14,128

10-year hold

• IRR: 17.7%
• Equity multiple: 2.83×
• Total profit: $48,523
• Equity at exit: $8,192

Cash invested: $26,530 (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 76309

• Rents YoY: 8.3%
• Active inventory: 130
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,142 high
• Mortgage (P&I): −$497
• Tax from tax record: −$155 /mo · $1,861/yr
• Insurance: −$39
• HOA: −$0
• Vacancy / Maint / Mgmt: −$240
• Net cashflow: $211

Break-even live

Break-even rent $875

Max offer price $94,750

Occupancy floor 77%

Sensitivity live

Price	-10% $264	-5% $238	+0% $211	+5% $184	+10% $157
Rent	-10% $121	-5% $166	+0% $211	+5% $256	+10% $301
Rate	-1.0pp $258	-0.5pp $235	base $211	+0.5pp $186	+1.0pp $161

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: $23,688
• Closing costs: $2,842
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2812 Avenue R Unit R Wichita Falls, TX	2.0	1.0	1044	$925	$0.89	45d	1	0.51mi
3706 Seymour Rd Wichita Falls, TX	1.0–3.0	1.0–2.5	1100	$1,375	$1.25	45d	13	0.71mi
2912 Avenue L Unit L Wichita Falls, TX	2.0	1.0	1104	$895	$0.81	45d	1	0.88mi
2500 Taylor St Unit 2500 Taylor A Wichita Falls, TX	2.0	1.0	910	$800	$0.88	45d	1	0.89mi
4220 Idlewood Dr Wichita Falls, TX	4.0	1.0	1516	$1,300	$0.86	45d	1	0.99mi
2003 Buchanan St Wichita Falls, TX	3.0	2.0	1118	$1,100	$0.98	45d	1	1.09mi
1901 Wenonah Ave Unit B Wichita Falls, TX	2.0	1.0	946	$1,000	$1.06	45d	1	1.14mi
2304 Avenue K Wichita Falls, TX	3.0	2.0	1040	$1,050	$1.01	45d	1	1.15mi
1813 Polk St Wichita Falls, TX	3.0	2.0	1090	$1,364	$1.25	45d	1	1.33mi

Listing history 22 events

1. 2026-06-22
   days on market $94,750 Active 36 DOM
2. 2026-06-19
   days on market $94,750 Active 34 DOM
3. 2026-06-18
   days on market $94,750 Active 33 DOM
4. 2026-06-17
   days on market $94,750 Active 32 DOM
5. 2026-06-16
   days on market $94,750 Active 31 DOM
6. 2026-06-15
   days on market $94,750 Active 30 DOM
7. 2026-06-14
   days on market $94,750 Active 28 DOM
8. 2026-06-13
   pricedays on market $94,750 Active 27 DOM
9. 2026-06-10
   days on market $99,750 Active 25 DOM
10. 2026-06-09
    days on market $99,750 Active 24 DOM
11. 2026-06-08
    days on market $99,750 Active 23 DOM
12. 2026-06-07
    days on market $99,750 Active 22 DOM
13. 2026-06-05
    days on market $99,750 Active 19 DOM
14. 2026-06-02
    days on market $99,750 Active 17 DOM
15. 2026-06-01
    days on market $99,750 Active 16 DOM
16. 2026-05-31
    days on market $99,750 Active 15 DOM
17. 2026-05-30
    days on market $99,750 Active 14 DOM
18. 2026-05-16
    listed $99,750 Active 476-char remark
19. 2021-08-17
    soldstatus 505-char remark

    Show marketing remark (505 chars)

    3 Bedroom, 1 Bath with 2 living areas now available! Great for investment or buyer looking for a small project! This property features energy efficient windows, maintenance free vinyl siding, covered patio, extended yard & a one car detached garage with automatic opener perfect for storage or workshop. Bonus of Hardwood flooring in bedrooms & under carpeting in front living area! Remodeled kitchen with beautiful cabinetry & stainless appliances! Call today for your private viewing!!

20. 2021-08-17
    soldstatus

    Show marketing remark (505 chars)

    3 Bedroom, 1 Bath with 2 living areas now available! Great for investment or buyer looking for a small project! This property features energy efficient windows, maintenance free vinyl siding, covered patio, extended yard & a one car detached garage with automatic opener perfect for storage or workshop. Bonus of Hardwood flooring in bedrooms & under carpeting in front living area! Remodeled kitchen with beautiful cabinetry & stainless appliances! Call today for your private viewing!!

21. 2021-07-14
    listed $64,940 505-char remark

    Show marketing remark (505 chars)

    3 Bedroom, 1 Bath with 2 living areas now available! Great for investment or buyer looking for a small project! This property features energy efficient windows, maintenance free vinyl siding, covered patio, extended yard & a one car detached garage with automatic opener perfect for storage or workshop. Bonus of Hardwood flooring in bedrooms & under carpeting in front living area! Remodeled kitchen with beautiful cabinetry & stainless appliances! Call today for your private viewing!!

22. 2018-07-06
    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: $1,861 · $155/mo
• Projected year-2 tax: $1,861 · $155/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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 8% 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: $13,704
• − Mortgage interest: −$5,307
• − Property taxes: −$1,861
• − Insurance: −$474
• − Repairs & maintenance: −$1,096
• − Management: −$1,096
• − Depreciation: −$2,756
• Taxable income: $1,113
• Est. tax owed @ 24.0%: −$267
• After-tax cash flow: $2,262/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: Wichita Falls ISD
• NCES district ID: 4845780
• Math proficiency: 31% ▼ -10.00%
• Reading proficiency: 33% ▼ -7.00%
• Median HH income: $41,604
• Composite: 27.06/100
• National rank: #7051
• State rank: #585 of 826 in TX

Livability — Wichita Falls

• Score: 69/100
• State rank: #437
• US rank: #8940

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wichita Falls, TX
• County: Wichita County · 95,694 people
• City population: 95,694
• Metro: Wichita Falls, TX
• Population (ZIP): 13,395
• Household income: $54,159
• Rent vs Own: 42.7% rent · 57.3% own
• Severe rent burden: 469.0

Population outlook (Wichita County) Hauer SSP2

• Today (2025): 129,638 people
• By 2030: 128,366 · -1.0%
• By 2040: 124,466 · -4.0%
• By 2050: 120,499 · -7.0%
• By 2075: 113,884 · -12.2%
• By 2100: 101,818 · -21.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 58% Hispanic / Latino 29% Two or more races 12% Black 6% Asian 2% Native American 2%
• Hispanic origin (detail): Mexican 27%
• Common ancestry: Lithuanian 1% Romanian 1% Portuguese 1%
• Foreign-born: 7% · Canada, Vietnam, Jamaica
• Languages at home: 82% English-only · Spanish 15% Vietnamese 1% French/Haitian/Cajun 1%

Political lean MEDSL · Wichita

• 2024 margin: Solid R (+44.0) · D 27.5% · R 71.5%
• 2008→2024 swing: -5.2pp toward R · 2008: -38.9pp · 2024: -44.0pp
• All cycles: 2024: R+44.0 2020: R+41.1 2016: R+49.7 2012: R+47.1 2008: R+38.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -88.35%
• Current HPI: 137.2935
• Rent YoY: ▲ 8.33%
• Metro: Wichita Falls, 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

+45.9% since first listed

6 events — show timeline

• 2026-06-11 Price Changed $94,750 WFAOR
• 2026-05-16 Listed $99,750 WFAOR
• 2021-08-17 Sold (Public Records) — Public Records
• 2021-08-17 Sold (MLS) — WFAOR
• 2021-07-14 Listed $64,940 WFAOR
• 2018-07-06 Sold (Public Records) — Public Records

Property tax history

+8.9%/yr

Latest (2025): $1,861 · +1.5% YoY. Source: county tax records.