1705 Wickham Dr · Rendon, TX 76028

$268,000

3 bd · 2.0 ba · 2,252 sqft · SingleFamily public records · 223 Days on market

Built 2012 4,443 sqft lot $119/sqft · 13% below area Est $307k · 13% under

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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).

• ARV discount +13.2/15.0
• Cash flow +7.9/30.0
• Schools +4.0/10.0
• 1% rule +3.2/10.0
• Livability +3.2/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• DSCR +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This super cute home offers an open floor plan perfect for modern living. The spacious living room flows seamlessly into the dining area and kitchen—ideal for entertaining or family time. The kitchen features a large pantry and full-size washer and dryer connections for added convenience. Upstairs, you’ll find all bedrooms, including a huge master suite with dual sinks, a garden tub, separate shower, and a generous walk-in closet. The fenced backyard provides a private outdoor space for relaxing or play. Don’t miss this wonderful home in a great location within Burleson ISD! BACK ON MARKET: buyer had life changing issues come up but they were gracious in providing us with their inspection report! Roof is less than a year old.

Key facts

• Open floor plan
• Great location
• Large pantry

Tags

• OPEN FLOOR PLAN
• SPACIOUS LIVING ROOM
• LARGE PANTRY
• FENCED BACKYARD
• PRIVATE OUTDOOR SPACE
• GREAT LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $268k.

Deal economics

• At list price, monthly cash flow is $-285 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $218k (18.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $219k (18.3% below list).
• Recommended offer: $218k (18.8% below list) — sets the bar for cash-flow.
• Cap rate 5.0% vs local median 2.4% in Rendon — 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 64/100 on livability (#759 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: schools F, amenities F, commute F.
• Burleson ISD (suburban): math 41% / reading 48% proficiency, ranked #236 of 826 in TX (top 29%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.8%/yr); 679 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 18,938 units permitted in Tarrant County in 2024 (8,336 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 $8k of value loss. Plan a longer hold.
• Tarrant County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 223 days — a 12% lower offer ($236k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 14y ago; this cycle's ask has dropped $15k (5%) 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; moderate wildfire risk; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $217,734 (18.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 223 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
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. 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?
6. 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?
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: 0.82% ✗
• Cap rate: 5.02%
• Cash-on-cash: -4.55%
• DSCR: 0.80
• GRM: 10.2

CMA / ARV

• ARV (median comp): $306,820
• List price: $268,000
• Delta: -12.65%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11917 Hassop Ln	0.16mi	3/2.0	2,110 (-6%)	2mo	$309,500	$147	81
12304 Cedar Knoll Dr	0.38mi	3/2.0	2,220 (-1%)	1mo	$359,999	$162	79
11801 Hassop Ln	0.23mi	3/2.0	2,070 (-8%)	1mo	$325,000	$157	75
12144 Long Stone Dr	0.25mi	3/2.0	2,053 (-9%)	2mo	$330,000	$161	72
11916 Long Stone Dr	0.25mi	4/2.0 (+1)	2,093 (-7%)	2mo	$380,000	$182	70
1428 Brownford Dr	0.45mi	4/2.0 (+1)	2,098 (-7%)	0mo	$391,000	$186	62
12400 Charter Creek Dr	0.50mi	4/2.0 (+1)	2,364 (+5%)	1mo	$385,000	$163	62
12200 Rolling Ridge Dr	0.51mi	4/2.0 (+1)	2,149 (-5%)	2mo	$320,000	$149	62
1016 Brownford Dr	0.62mi	3/2.0	2,080 (-8%)	2mo	$325,000	$156	56
12252 Shadow Wood Trl	0.61mi	4/2.0 (+1)	2,020 (-10%)	3mo	$294,999	$146	47
1624 Barrel Oak Dr	0.59mi	4/2.0 (+1)	2,511 (+12%)	3mo	$400,000	$159	46
12400 Angel Vine Dr	0.51mi	4/2.0 (+1)	2,560 (+14%)	4mo	$438,900	$171	45

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 · 1.78% rent growth · sell at horizon

5-year hold

• IRR: -25.4%
• Equity multiple: 0.15×
• Total profit: $-64,073
• Equity at exit: $39,960

10-year hold

• IRR: -26.2%
• Equity multiple: -0.19×
• Total profit: $-89,221
• Equity at exit: $23,172

Cash invested: $75,040 (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 76028

• Home prices YoY: -33.4%
• Rents YoY: 1.8%
• Active inventory: 679
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $2,189 high
• Mortgage (P&I): −$1,405
• Tax from tax record: −$497 /mo · $5,962/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$460
• Net cashflow: $-285

Break-even live

Break-even rent $2,549

Max offer price $217,734

Occupancy floor —

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: $67,000
• Closing costs: $8,040
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1813 Vineridge Ln Burleson, TX	3.0	2.5	2045	$2,055	$1.00	24d	1	0.08mi
1841 Wickham Dr Burleson, TX	4.0	2.5	2884	$2,220	$0.77	6d	1	0.12mi
12252 Shadow Wood Trl Burleson, TX	4.0	2.0	2020	$2,250	$1.11	24d	1	0.63mi
12252 Shadow Wood Trl Burleson, TX	4.0	2.0	2020	$2,250	$1.11	7d	1	0.63mi
12204 Hunters Crossing Ln Burleson, TX	3.0	2.0	1580	$1,905	$1.21	43d	1	0.65mi
1616 Limpkin Dr Fort Worth, TX	4.0	2.0	1600	$1,980	$1.24	24d	1	1.18mi

Listing history 25 events

1. 2026-06-18
   days on market $268,000 Active 223 DOM
2. 2026-06-17
   days on market $268,000 Active 222 DOM
3. 2026-06-16
   days on market $268,000 Active 221 DOM
4. 2026-06-15
   days on market $268,000 Active 220 DOM
5. 2026-06-13
   days on market $268,000 Active 218 DOM
6. 2026-06-09
   days on market $268,000 Active 214 DOM
7. 2026-06-08
   days on market $268,000 Active 213 DOM
8. 2026-06-07
   days on market $268,000 Active 212 DOM
9. 2026-06-04
   days on market $268,000 Active 209 DOM
10. 2026-06-03
    days on market $268,000 Active 208 DOM
11. 2026-06-02
    days on market $268,000 Active 207 DOM
12. 2026-06-01
    days on market $268,000 Active 206 DOM
13. 2026-05-31
    days on market $268,000 Active 205 DOM
14. 2026-05-20
    price $268,000 756-char remark

    Show marketing remark (756 chars)

    This super cute home offers an open floor plan perfect for modern living. The spacious living room flows seamlessly into the dining area and kitchen—ideal for entertaining or family time. The kitchen features a large pantry and full-size washer and dryer connections for added convenience. Upstairs, you’ll find all bedrooms, including a huge master suite with dual sinks, a garden tub, separate shower, and a generous walk-in closet. The fenced backyard provides a private outdoor space for relaxing or play. Don’t miss this wonderful home in a great location within Burleson ISD! BACK ON MARKET: buyer had life changing issues come up but they were gracious in providing us with their inspection report! Roof is less than a year old.

15. 2026-04-24
    price $273,000 756-char remark

    Show marketing remark (756 chars)

    This super cute home offers an open floor plan perfect for modern living. The spacious living room flows seamlessly into the dining area and kitchen—ideal for entertaining or family time. The kitchen features a large pantry and full-size washer and dryer connections for added convenience. Upstairs, you’ll find all bedrooms, including a huge master suite with dual sinks, a garden tub, separate shower, and a generous walk-in closet. The fenced backyard provides a private outdoor space for relaxing or play. Don’t miss this wonderful home in a great location within Burleson ISD! BACK ON MARKET: buyer had life changing issues come up but they were gracious in providing us with their inspection report! Roof is less than a year old.

16. 2026-02-25
    status Active 756-char remark

    Show marketing remark (756 chars)

    This super cute home offers an open floor plan perfect for modern living. The spacious living room flows seamlessly into the dining area and kitchen—ideal for entertaining or family time. The kitchen features a large pantry and full-size washer and dryer connections for added convenience. Upstairs, you’ll find all bedrooms, including a huge master suite with dual sinks, a garden tub, separate shower, and a generous walk-in closet. The fenced backyard provides a private outdoor space for relaxing or play. Don’t miss this wonderful home in a great location within Burleson ISD! BACK ON MARKET: buyer had life changing issues come up but they were gracious in providing us with their inspection report! Roof is less than a year old.

17. 2026-02-18
    status Pending 756-char remark

    Show marketing remark (756 chars)

    This super cute home offers an open floor plan perfect for modern living. The spacious living room flows seamlessly into the dining area and kitchen—ideal for entertaining or family time. The kitchen features a large pantry and full-size washer and dryer connections for added convenience. Upstairs, you’ll find all bedrooms, including a huge master suite with dual sinks, a garden tub, separate shower, and a generous walk-in closet. The fenced backyard provides a private outdoor space for relaxing or play. Don’t miss this wonderful home in a great location within Burleson ISD! BACK ON MARKET: buyer had life changing issues come up but they were gracious in providing us with their inspection report! Roof is less than a year old.

18. 2026-02-12
    historical Active Option Contract 756-char remark

    Show marketing remark (756 chars)

    This super cute home offers an open floor plan perfect for modern living. The spacious living room flows seamlessly into the dining area and kitchen—ideal for entertaining or family time. The kitchen features a large pantry and full-size washer and dryer connections for added convenience. Upstairs, you’ll find all bedrooms, including a huge master suite with dual sinks, a garden tub, separate shower, and a generous walk-in closet. The fenced backyard provides a private outdoor space for relaxing or play. Don’t miss this wonderful home in a great location within Burleson ISD! BACK ON MARKET: buyer had life changing issues come up but they were gracious in providing us with their inspection report! Roof is less than a year old.

19. 2025-10-31
    listed $283,000 Active 756-char remark

    Show marketing remark (756 chars)

    This super cute home offers an open floor plan perfect for modern living. The spacious living room flows seamlessly into the dining area and kitchen—ideal for entertaining or family time. The kitchen features a large pantry and full-size washer and dryer connections for added convenience. Upstairs, you’ll find all bedrooms, including a huge master suite with dual sinks, a garden tub, separate shower, and a generous walk-in closet. The fenced backyard provides a private outdoor space for relaxing or play. Don’t miss this wonderful home in a great location within Burleson ISD! BACK ON MARKET: buyer had life changing issues come up but they were gracious in providing us with their inspection report! Roof is less than a year old.

20. 2022-12-21
    historical
21. 2022-09-27
    price $310,000
22. 2022-08-25
    listed $317,000 Active
23. 2013-01-07
    soldstatus Closed
24. 2012-12-12
    status Pending
25. 2012-11-30
    listed $111,390 Active

ⓘ 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: $5,962 · $497/mo
• Projected year-2 tax: $5,962 · $497/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 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥110°F today · 26 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,269
• − Mortgage interest: −$15,012
• − Property taxes: −$5,962
• − Insurance: −$1,340
• − Repairs & maintenance: −$2,102
• − Management: −$2,102
• − Depreciation: −$7,796
• Taxable loss: −$8,045
• Est. tax savings @ 24.0%: +$1,931
• After-tax cash flow: $-1,484/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: Burleson ISD
• NCES district ID: 4812180
• Math proficiency: 41% ▼ -8.00%
• Reading proficiency: 48% ▼ -3.00%
• Median HH income: $69,349
• Composite: 40.05/100
• National rank: #3818
• State rank: #236 of 826 in TX

Livability — Rendon

• Score: 64/100
• State rank: #759
• US rank: #13917

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rendon, TX
• County: Johnson County · 147,987 people
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 81,549
• Household income: $101,138
• Rent vs Own: 22.7% rent · 77.3% own
• Severe rent burden: 1117.0

Population outlook (Tarrant County) Hauer SSP2

• Today (2025): 2,380,417 people
• By 2030: 2,578,900 · +8.3%
• By 2040: 2,974,995 · +25.0%
• By 2050: 3,350,489 · +40.8%
• By 2075: 4,216,909 · +77.2%
• By 2100: 4,741,527 · +99.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Hispanic / Latino 19% Two or more races 11% Black 6% Asian 1%
• Hispanic origin (detail): Mexican 17%
• Common ancestry: Lithuanian 2% Italian 2% Slovak 2%
• Foreign-born: 5% · Canada
• Languages at home: 88% English-only · Spanish 10% Other Indo-European 1%

Political lean MEDSL · Tarrant

• 2024 margin: Lean R (+5.1) · D 46.7% · R 51.9% · Other 1.4%
• 2008→2024 swing: +6.6pp toward D · 2008: -11.7pp · 2024: -5.1pp
• All cycles: 2024: R+5.1 2020: D+0.2 2016: R+8.7 2012: R+15.7 2008: R+11.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -141.44%
• Current HPI: 282.466
• Rent YoY: ▲ 1.78%
• Metro: Dallas-Fort Worth-Arlington, 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

+140.6% since first listed

12 events — show timeline

• 2026-05-20 Price Changed $268,000 NTREIS
• 2026-04-24 Price Changed $273,000 NTREIS
• 2026-02-25 Relisted — NTREIS
• 2026-02-18 Pending — NTREIS
• 2026-02-12 Contingent — NTREIS
• 2025-10-31 Listed $283,000 NTREIS
• 2022-12-21 Listing Removed — NTREIS
• 2022-09-27 Price Changed $310,000 NTREIS
• 2022-08-25 Listed $317,000 NTREIS
• 2013-01-07 Sold (MLS) — NTREIS
• 2012-12-12 Pending — NTREIS
• 2012-11-30 Listed $111,390 NTREIS

Property tax history

+16.7%/yr

Latest (2025): $5,962 · -1.0% YoY. Source: county tax records.