303 N 5th · Munday, TX 76371

$35,889

3 bd · 1.0 ba · 724 sqft · SingleFamily · 153 Days on market

Built 1930 Poor condition 1.38 ac lot $50/sqft · 86% above area

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.5/10.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0

Listing remarks MLS

JUST LISTED! Welcome to Munday, TX! This 3 bedroom, 1 bathroom home awaits the perfect buyer to embark on a rewarding project. While repairs and renovations are needed, this investment presents an excellent opportunity. Enjoy the charm of small-town living with convenient access to major highways. Positioned just 2 hours from Fort Worth or Lubbock, TX, and 3 hours from Oklahoma City, OK, this location offers the ideal balance between rural tranquility and accessibility to urban centers. Don't miss out on this perfect opportunity to make your mark. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream property.

Key facts

• 1.38 acre lot
• Built 1930
• Listed 153 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $36k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $518 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($969 rent vs $36k).
• Recommended offer: $32k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#626 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, crime A-, housing B+; Watch: health & safety C-, schools D, amenities F.
• Munday CISD (rural): math 43% / reading 44% proficiency, ranked #326 of 826 in TX (top 40%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 18 active listings in the ZIP.

Forward outlook

• In year one you build about $614 of equity ($248 loan paydown + $366 appreciation (1.0% local appreciation)).
• Knox County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (1.0% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 153 days — a 12% lower offer ($32k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $31,582 (12.0% below list)

Questions for the listing agent

1. It's been on market 153 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 2.70% ✓
• Cap rate: 23.60%
• Cash-on-cash: 61.82%
• DSCR: 3.75
• GRM: 3.1

CMA / ARV

• ARV (median comp): $19,303
• List price: $35,889
• Delta: 85.93%
• Verdict: OVERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1041 N 3rd Ave	0.39mi	2/1.0 (-1)	798 (+10%)	17mo	$47,500	$60	46

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

Projected returns pro-forma

1.02% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 64.7%
• Equity multiple: 4.35×
• Total profit: $33,694
• Equity at exit: $12,289

10-year hold

• IRR: 65.9%
• Equity multiple: 8.83×
• Total profit: $78,642
• Equity at exit: $16,359

Cash invested: $10,049 (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 76371

• Home prices YoY: 1.0%
• Active inventory: 18
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $969 medium
• Mortgage (P&I): −$188
• Tax est. 1.5%: −$45 /mo · $538/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$204
• Net cashflow: $518

Break-even live

Break-even rent $314

Max offer price $35,889

Occupancy floor 42%

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: $8,972
• Closing costs: $1,077
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $35,889 Active 153 DOM
2. 2026-06-17
   days on market $35,889 Active 152 DOM
3. 2026-06-16
   days on market $35,889 Active 151 DOM
4. 2026-06-15
   days on market $35,889 Active 150 DOM
5. 2026-06-15
   days on market $35,889 Active 149 DOM
6. 2026-06-13
   days on market $35,889 Active 148 DOM
7. 2026-06-12
   days on market $35,889 Active 147 DOM
8. 2026-06-10
   days on market $35,889 Active 144 DOM
9. 2026-06-08
   days on market $35,889 Active 143 DOM
10. 2026-06-08
    days on market $35,889 Active 142 DOM
11. 2026-06-07
    days on market $35,889 Active 141 DOM
12. 2026-06-03
    days on market $35,889 Active 138 DOM
13. 2026-06-02
    days on market $35,889 Active 137 DOM
14. 2026-06-01
    days on market $35,889 Active 136 DOM
15. 2026-05-31
    days on market $35,889 Active 135 DOM
16. 2026-01-16
    listed $35,889 Active 782-char remark

    Show marketing remark (782 chars)

    JUST LISTED! Welcome to Munday, TX! This 3 bedroom, 1 bathroom home awaits the perfect buyer to embark on a rewarding project. While repairs and renovations are needed, this investment presents an excellent opportunity. Enjoy the charm of small-town living with convenient access to major highways. Positioned just 2 hours from Fort Worth or Lubbock, TX, and 3 hours from Oklahoma City, OK, this location offers the ideal balance between rural tranquility and accessibility to urban centers. Don't miss out on this perfect opportunity to make your mark. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream property.

17. 2025-09-19
    historical
18. 2024-09-19
    listed $35,889 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 6 d/yr ≥108°F today · 18 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 7% 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: $11,632
• − Mortgage interest: −$2,010
• − Property taxes: −$538
• − Insurance: −$179
• − Repairs & maintenance: −$931
• − Management: −$931
• − Depreciation: −$1,044
• Taxable income: $5,998
• Est. tax owed @ 24.0%: −$1,440
• After-tax cash flow: $4,773/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.

Condition & rehab AI · 10 photos

Poor 20/100 Extensive rehab

This property requires extensive repairs and renovations to be move-in ready. Significant structural and safety issues need addressing to increase its value.

Repairs flagged

• Major Exposed wiring — Safety hazard
• Major Structural damage — Structural integrity compromised
• Major Debris — Obstructs use and safety

Value-add opportunities

• Both Rebuild and modernize kitchen and bathroom — Both resale and rental value increase
• Both Replace roof and siding — Both resale and rental value increase
• Both Repair and paint interior walls — Both resale and rental value increase
• Both Replace flooring — Both resale and rental value increase

Renovation cost estimate screening

Repair item	Severity	Est. cost
Exposed wiring · Safety hazard	Major	$15,000–50,000
Structural damage · Structural integrity compromised	Major	$15,000–50,000
Debris · Obstructs use and safety	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Both Rebuild and modernize kitchen and bathroom — Both resale and rental value increase ↑
• Both Replace roof and siding — Both resale and rental value increase ↑
• Both Repair and paint interior walls — Both resale and rental value increase ↑
• Both Replace flooring — Both resale and rental value increase ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Munday CISD
• NCES district ID: 4831970
• Math proficiency: 43% ▼ -2.00%
• Reading proficiency: 44% ▲ 9.00%
• Median HH income: $37,618
• Composite: 36.22/100
• National rank: #4727
• State rank: #326 of 826 in TX

Livability — Munday

• Score: 66/100
• State rank: #626
• US rank: #11937

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Munday, TX
• Population (ZIP): 1,801

Population outlook (Knox County) Hauer SSP2

• Today (2025): 4,136 people
• By 2030: 4,291 · +3.7%
• By 2040: 4,655 · +12.5%
• By 2050: 5,005 · +21.0%
• By 2075: 6,051 · +46.3%
• By 2100: 6,427 · +55.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (54%)
• Race & ethnicity: White 54% Hispanic / Latino 40% Two or more races 22%
• Hispanic origin (detail): Mexican 38%
• Common ancestry: Subsaharan African 4% Iranian 2% Slovak 1%
• Foreign-born: 9% · Canada
• Languages at home: 74% English-only · Spanish 26%

Political lean MEDSL · Knox

• 2024 margin: Solid R (+68.5) · D 15.6% · R 84.0%
• 2008→2024 swing: -23.2pp toward R · 2008: -45.2pp · 2024: -68.5pp
• All cycles: 2024: R+68.5 2020: R+62.8 2016: R+61.2 2012: R+54.8 2008: R+45.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.02%
• Current HPI: 103.0505
• 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

+0.0% since first listed

3 events — show timeline

• 2026-01-16 Listed $35,889 HARMLS
• 2025-09-19 Listing Removed — HARMLS
• 2024-09-19 Listed $35,889 HARMLS