718 Ave. K · Hereford, TX 79045

$118,000

2 bd · 1.0 ba · 1,009 sqft · SingleFamily public records · 30 Days on market

Built 1960 7,841 sqft lot

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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).

• Cash flow +16.0/30.0
• ARV discount +7.5/15.0
• DSCR +5.0/10.0
• 1% rule +3.5/10.0
• Livability +3.5/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This cozy home is perfect for first-time buyers or investors alike. Enjoy peace of mind with several recent updates, including a new roof, new windows, fresh interior texture and paint, new flooring, and a beautifully remodeled bathroom. Move-in ready and full of potential—schedule your showing today!

Key facts

• Remodeled bathroom
• New roof
• New windows

Tags

• NEW ROOF
• NEW WINDOWS
• REMODELED BATHROOM

Property features AI

Finance

• HOA & community: No community amenities listed

Exterior

• Parking: Attached garage (garage faces front) with 1 garage space
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One-level home; Faces west
• Construction: Wood siding and frame construction; Pillar/post/pier foundation; Built with composition roofing
• Exterior features: No fencing; Composition roof; Lot approximately 0.18 acres (60 x 130)

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; No central air (ceiling fans provided)
• Interior features: Gas water heater; Ceiling fan(s)
• Laundry & utility: Laundry located in the kitchen

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $118k.

Deal economics

• At list price, monthly cash flow is $59 ($708/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 $100k (15.3% below list).
• Recommended offer: $100k (15.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 70/100 on livability (#372 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: employment C-, amenities F, commute F.
• Hereford ISD (town): math 41% / reading 38% proficiency, ranked #434 of 826 in TX (top 52%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Aikman El (math 47% / reading 42%, grade F, #1,155 of 4,322 statewide, top 29%, 378 students, 92% FRL); Hereford J H (math 29% / reading 33%, grade F, #1,015 of 1,662 statewide, top 62%, 599 students, 82% FRL); Hereford H S (math 43% / reading 39%, grade F, #774 of 1,632 statewide, top 49%, 1,176 students, 81% FRL).
• Market conditions: 106 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 23 units permitted in Deaf Smith County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $816 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Deaf Smith County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($116k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $100,000 (15.3% below list)

Questions for the listing agent

1. Built in 1960 — 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. 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?
5. 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.
6. 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.
7. 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: 0.85% ✗
• Cap rate: 6.89%
• Cash-on-cash: 2.14%
• DSCR: 1.10
• GRM: 9.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -12.9%
• Equity multiple: 0.53×
• Total profit: $-15,399
• Equity at exit: $17,594

10-year hold

• IRR: -4.0%
• Equity multiple: 0.74×
• Total profit: $-8,718
• Equity at exit: $10,202

Cash invested: $33,040 (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 79045

• Home prices YoY: -11.2%
• Active inventory: 106
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,000 medium
• Mortgage (P&I): −$619
• Tax from tax record: −$63 /mo · $756/yr
• Insurance: −$49
• HOA: −$0
• Vacancy / Maint / Mgmt: −$210
• Net cashflow: $59

Break-even live

Break-even rent $925

Max offer price $118,000

Occupancy floor 89%

Sensitivity live

Price	-10% $126	-5% $92	+0% $59	+5% $26	+10% $-8
Rent	-10% $-20	-5% $20	+0% $59	+5% $99	+10% $138
Rate	-1.0pp $118	-0.5pp $89	base $59	+0.5pp $28	+1.0pp $-3

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: $29,500
• Closing costs: $3,540
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
106 Avenue H Unit 10 Hereford, TX	2.0	1.0	750	$1,000	$1.33	45d	1	0.64mi
106 Avenue H Unit 10 Hereford, TX	2.0	1.0	750	$1,000	$1.33	23d	1	0.64mi

Listing history 18 events

1. 2026-06-21
   days on market $118,000 Active 30 DOM
2. 2026-06-18
   days on market $118,000 Active 27 DOM
3. 2026-06-17
   days on market $118,000 Active 26 DOM
4. 2026-06-16
   days on market $118,000 Active 25 DOM
5. 2026-06-15
   days on market $118,000 Active 24 DOM
6. 2026-06-14
   days on market $118,000 Active 22 DOM
7. 2026-06-13
   days on market $118,000 Active 21 DOM
8. 2026-06-10
   days on market $118,000 Active 19 DOM
9. 2026-06-09
   days on market $118,000 Active 18 DOM
10. 2026-06-08
    days on market $118,000 Active 17 DOM
11. 2026-06-07
    days on market $118,000 Active 16 DOM
12. 2026-06-05
    days on market $118,000 Active 13 DOM
13. 2026-06-03
    days on market $118,000 Active 12 DOM
14. 2026-06-02
    days on market $118,000 Active 11 DOM
15. 2026-06-01
    days on market $118,000 Active 10 DOM
16. 2026-05-31
    days on market $118,000 Active 9 DOM
17. 2026-05-30
    days on market $118,000 Active 8 DOM
18. 2007-10-29
    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: $756 · $63/mo
• Projected year-2 tax: $2,159 · $180/mo
• Expected delta: +$1,403/yr (+$117/mo · 185.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥97°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,000
• − Mortgage interest: −$6,610
• − Property taxes: −$756
• − Insurance: −$590
• − Repairs & maintenance: −$960
• − Management: −$960
• − Depreciation: −$3,433
• Taxable loss: −$1,309
• Est. tax savings @ 24.0%: +$314
• After-tax cash flow: $1,022/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: Hereford ISD
• NCES district ID: 4823010
• Math proficiency: 41% ▼ -1.00%
• Reading proficiency: 38% ▲ 3.00%
• Median HH income: $43,593
• Composite: 33.49/100
• National rank: #5446
• State rank: #434 of 826 in TX

Livability — Hereford

• Score: 70/100
• State rank: #372
• US rank: #7820

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hereford, TX
• Population (ZIP): 18,441

Population outlook (Deaf Smith County) Hauer SSP2

• Today (2025): 18,019 people
• By 2030: 17,665 · -2.0%
• By 2040: 17,099 · -5.1%
• By 2050: 16,479 · -8.5%
• By 2075: 14,130 · -21.6%
• By 2100: 10,352 · -42.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (77%)
• Race & ethnicity: Hispanic / Latino 77% Two or more races 32% White 21% Native American 1%
• Hispanic origin (detail): Mexican 72% Cuban 1%
• Common ancestry: Lithuanian 1% Romanian 1%
• Foreign-born: 18% · Canada
• Languages at home: 42% English-only · Spanish 58%

Political lean MEDSL · Deaf Smith

• 2024 margin: Solid R (+51.6) · D 23.8% · R 75.4%
• 2008→2024 swing: -4.9pp toward R · 2008: -46.8pp · 2024: -51.6pp
• All cycles: 2024: R+51.6 2020: R+44.0 2016: R+41.1 2012: R+41.9 2008: R+46.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -28.57%
• Current HPI: 225.7837
• 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

2 events — show timeline

• 2026-05-13 Listed $118,000 AARMLS
• 2007-10-29 Sold (Public Records) — Public Records

Property tax history

+3.4%/yr

Latest (2025): $756 · -21.2% YoY. Source: county tax records.