2403 Magnolia St · Texarkana, TX 75503

$149,900

4 bd · 2.0 ba · 2,579 sqft · SingleFamily public records · 231 Days on market

0.29 ac lot $58/sqft · 26% below area Est $204k · 26% under

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Why this score? — see what drove the C+ 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 +21.7/30.0
• ARV discount +15.0/15.0
• 1% rule +7.1/10.0
• DSCR +6.9/10.0
• Livability +3.9/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Check out this spacious and inviting home that could easily function as a four or five-bedroom residence with two full bathrooms. You'll find three bedrooms on the main floor, plus two versatile upstairs spaces perfect for additional bedrooms, an office, or a second living area — the choice is yours! This home is filled with original details that design lovers will adore — gleaming hardwood floors, vintage doorknobs, a built-in phone stand, and a charming medicine cabinet that add so much character. The primary suite is conveniently located on the main floor and offers generous natural light, two closets, and thoughtful bathroom storage. The main living area flows seamlessly into the formal dining room and continues to the kitchen, complete with an eat-in area, large pantry, abundant cabinetry, and a second sink in the island. Step outside to enjoy the privacy-fenced, lush backyard — perfect for relaxing or entertaining. The detached garage includes a workshop and additional rear storage, ideal for tools, hobbies, or even a future vehicle space with the addition of a lift door. There's also plenty of off-street parking available. With its character, flexibility, and space, this home is ready for you to make it your own. Come see it today!

Key facts

• Vintage doorknobs
• Built-in phone stand
• 0.29 acre lot

Tags

• GLEAMING HARDWOOD FLOORS
• VINTAGE DOORKNOBS
• BUILT-IN PHONE STAND
• CHARMING MEDICINE CABINET
• GENEROUS NATURAL LIGHT
• THOUGHTFUL BATHROOM STORAGE

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $231 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 4.3% in Texarkana — 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 77/100 on livability (#93 in TX, #3,241 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities D+, schools D, crime D.
• Texarkana ISD (urban): math 36% / reading 41% proficiency, ranked #472 of 826 in TX (top 57%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 298 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 137 units permitted in Bowie County in 2024 (5 in 5+ unit buildings).
• This rent runs 30% of the median local income ($72k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 231 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price.
• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 231 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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 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?
6. 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?
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: 1.21% ✓
• Cap rate: 8.14%
• Cash-on-cash: 6.61%
• DSCR: 1.29
• GRM: 6.9

CMA / ARV

• ARV (median comp): $203,702
• List price: $149,900
• Delta: -26.41%
• Verdict: UNDERPRICED
• Comps: 14 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
221 Bell Ave	0.62mi	3/2.5 (-1)	2,381 (-8%)	2mo	$274,000	$115	50

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -6.0%
• Equity multiple: 0.78×
• Total profit: $-9,426
• Equity at exit: $22,351

10-year hold

• IRR: 3.7%
• Equity multiple: 1.27×
• Total profit: $11,298
• Equity at exit: $12,961

Cash invested: $41,972 (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 75503

• Home prices YoY: -21.0%
• Active inventory: 298
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,819 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$357 /mo · $4,287/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $231

Break-even live

Break-even rent $1,526

Max offer price $149,900

Occupancy floor 82%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2405 Tyler Ln Texarkana, AR	3.0	2.0	1905	$1,890	$0.99	43d	1	0.99mi

Listing history 31 events

1. 2026-06-19
   days on market $149,900 Active 231 DOM
2. 2026-06-18
   days on market $149,900 Active 230 DOM
3. 2026-06-17
   days on market $149,900 Active 229 DOM
4. 2026-06-17
   price $149,900 Active 228 DOM
5. 2026-06-16
   days on market $159,900 Active 228 DOM
6. 2026-06-15
   days on market $159,900 Active 227 DOM
7. 2026-06-14
   days on market $159,900 Active 225 DOM
8. 2026-06-13
   days on market $159,900 Active 224 DOM
9. 2026-06-10
   days on market $159,900 Active 222 DOM
10. 2026-06-09
    days on market $159,900 Active 221 DOM
11. 2026-06-08
    days on market $159,900 Active 220 DOM
12. 2026-06-07
    days on market $159,900 Active 219 DOM
13. 2026-06-05
    days on market $159,900 Active 216 DOM
14. 2026-06-02
    days on market $159,900 Active 214 DOM
15. 2026-06-01
    days on market $159,900 Active 213 DOM
16. 2026-05-31
    days on market $159,900 Active 212 DOM
17. 2026-05-30
    days on market $159,900 Active 211 DOM
18. 2026-02-24
    price $159,900 1277-char remark

    Show marketing remark (1277 chars)

    Check out this spacious and inviting home that could easily function as a four or five-bedroom residence with two full bathrooms. You'll find three bedrooms on the main floor, plus two versatile upstairs spaces perfect for additional bedrooms, an office, or a second living area — the choice is yours! This home is filled with original details that design lovers will adore — gleaming hardwood floors, vintage doorknobs, a built-in phone stand, and a charming medicine cabinet that add so much character. The primary suite is conveniently located on the main floor and offers generous natural light, two closets, and thoughtful bathroom storage. The main living area flows seamlessly into the formal dining room and continues to the kitchen, complete with an eat-in area, large pantry, abundant cabinetry, and a second sink in the island. Step outside to enjoy the privacy-fenced, lush backyard — perfect for relaxing or entertaining. The detached garage includes a workshop and additional rear storage, ideal for tools, hobbies, or even a future vehicle space with the addition of a lift door. There's also plenty of off-street parking available. With its character, flexibility, and space, this home is ready for you to make it your own. Come see it today!

19. 2025-11-01
    listed $165,000 Active 1277-char remark

    Show marketing remark (1277 chars)

    Check out this spacious and inviting home that could easily function as a four or five-bedroom residence with two full bathrooms. You'll find three bedrooms on the main floor, plus two versatile upstairs spaces perfect for additional bedrooms, an office, or a second living area — the choice is yours! This home is filled with original details that design lovers will adore — gleaming hardwood floors, vintage doorknobs, a built-in phone stand, and a charming medicine cabinet that add so much character. The primary suite is conveniently located on the main floor and offers generous natural light, two closets, and thoughtful bathroom storage. The main living area flows seamlessly into the formal dining room and continues to the kitchen, complete with an eat-in area, large pantry, abundant cabinetry, and a second sink in the island. Step outside to enjoy the privacy-fenced, lush backyard — perfect for relaxing or entertaining. The detached garage includes a workshop and additional rear storage, ideal for tools, hobbies, or even a future vehicle space with the addition of a lift door. There's also plenty of off-street parking available. With its character, flexibility, and space, this home is ready for you to make it your own. Come see it today!

20. 2023-08-28
    soldstatus
21. 2023-08-25
    status Pending 1190-char remark

    Show marketing remark (1190 chars)

    Check out this traditional charmer! This home could be a four or five bedroom home and has full two bathrooms. There are three bedrooms on the first floor and two additional spaces that could serve as bedrooms, office space or a second living area upstairs. Make it your own with this one. Check out all the original details here! Those hardwood floors, beautiful doorknobs, phone stand, built in medicine cabinet, and more are sure to wow the person who loves design details. The primary suite is on the first floor and boasts a large space with great natural light, two closets, and well thought out storage in the bathroom. The living space flows effortlessly through to the formal dining room and connects to the kitchen with an eat in area. This kitchen has a large pantry, lots of cabinets and a second sink in island. And don't forget the privacy fenced, lush backyard is ready to be enjoyed. The detached garage space with workshop and additional storage on the back side of the garage make it easy to store your yard tools and your hobby items. You could even add a lift garage door to store a vehicle. Lots of off street parking options with this home as well. See this one today!

22. 2023-08-25
    soldstatus Closed 1190-char remark

    Show marketing remark (1190 chars)

    Check out this traditional charmer! This home could be a four or five bedroom home and has full two bathrooms. There are three bedrooms on the first floor and two additional spaces that could serve as bedrooms, office space or a second living area upstairs. Make it your own with this one. Check out all the original details here! Those hardwood floors, beautiful doorknobs, phone stand, built in medicine cabinet, and more are sure to wow the person who loves design details. The primary suite is on the first floor and boasts a large space with great natural light, two closets, and well thought out storage in the bathroom. The living space flows effortlessly through to the formal dining room and connects to the kitchen with an eat in area. This kitchen has a large pantry, lots of cabinets and a second sink in island. And don't forget the privacy fenced, lush backyard is ready to be enjoyed. The detached garage space with workshop and additional storage on the back side of the garage make it easy to store your yard tools and your hobby items. You could even add a lift garage door to store a vehicle. Lots of off street parking options with this home as well. See this one today!

23. 2023-08-10
    historical 1190-char remark

    Show marketing remark (1190 chars)

    Check out this traditional charmer! This home could be a four or five bedroom home and has full two bathrooms. There are three bedrooms on the first floor and two additional spaces that could serve as bedrooms, office space or a second living area upstairs. Make it your own with this one. Check out all the original details here! Those hardwood floors, beautiful doorknobs, phone stand, built in medicine cabinet, and more are sure to wow the person who loves design details. The primary suite is on the first floor and boasts a large space with great natural light, two closets, and well thought out storage in the bathroom. The living space flows effortlessly through to the formal dining room and connects to the kitchen with an eat in area. This kitchen has a large pantry, lots of cabinets and a second sink in island. And don't forget the privacy fenced, lush backyard is ready to be enjoyed. The detached garage space with workshop and additional storage on the back side of the garage make it easy to store your yard tools and your hobby items. You could even add a lift garage door to store a vehicle. Lots of off street parking options with this home as well. See this one today!

24. 2023-08-06
    status Pending 1190-char remark

    Show marketing remark (1190 chars)

    Check out this traditional charmer! This home could be a four or five bedroom home and has full two bathrooms. There are three bedrooms on the first floor and two additional spaces that could serve as bedrooms, office space or a second living area upstairs. Make it your own with this one. Check out all the original details here! Those hardwood floors, beautiful doorknobs, phone stand, built in medicine cabinet, and more are sure to wow the person who loves design details. The primary suite is on the first floor and boasts a large space with great natural light, two closets, and well thought out storage in the bathroom. The living space flows effortlessly through to the formal dining room and connects to the kitchen with an eat in area. This kitchen has a large pantry, lots of cabinets and a second sink in island. And don't forget the privacy fenced, lush backyard is ready to be enjoyed. The detached garage space with workshop and additional storage on the back side of the garage make it easy to store your yard tools and your hobby items. You could even add a lift garage door to store a vehicle. Lots of off street parking options with this home as well. See this one today!

25. 2023-08-03
    historical 1190-char remark

    Show marketing remark (1190 chars)

    Check out this traditional charmer! This home could be a four or five bedroom home and has full two bathrooms. There are three bedrooms on the first floor and two additional spaces that could serve as bedrooms, office space or a second living area upstairs. Make it your own with this one. Check out all the original details here! Those hardwood floors, beautiful doorknobs, phone stand, built in medicine cabinet, and more are sure to wow the person who loves design details. The primary suite is on the first floor and boasts a large space with great natural light, two closets, and well thought out storage in the bathroom. The living space flows effortlessly through to the formal dining room and connects to the kitchen with an eat in area. This kitchen has a large pantry, lots of cabinets and a second sink in island. And don't forget the privacy fenced, lush backyard is ready to be enjoyed. The detached garage space with workshop and additional storage on the back side of the garage make it easy to store your yard tools and your hobby items. You could even add a lift garage door to store a vehicle. Lots of off street parking options with this home as well. See this one today!

26. 2023-06-26
    listed $165,000 Active 1190-char remark

    Show marketing remark (1190 chars)

    Check out this traditional charmer! This home could be a four or five bedroom home and has full two bathrooms. There are three bedrooms on the first floor and two additional spaces that could serve as bedrooms, office space or a second living area upstairs. Make it your own with this one. Check out all the original details here! Those hardwood floors, beautiful doorknobs, phone stand, built in medicine cabinet, and more are sure to wow the person who loves design details. The primary suite is on the first floor and boasts a large space with great natural light, two closets, and well thought out storage in the bathroom. The living space flows effortlessly through to the formal dining room and connects to the kitchen with an eat in area. This kitchen has a large pantry, lots of cabinets and a second sink in island. And don't forget the privacy fenced, lush backyard is ready to be enjoyed. The detached garage space with workshop and additional storage on the back side of the garage make it easy to store your yard tools and your hobby items. You could even add a lift garage door to store a vehicle. Lots of off street parking options with this home as well. See this one today!

27. 2022-04-07
    soldstatus
28. 2022-03-31
    soldstatus
29. 2022-02-10
    listed $159,000
30. 2013-09-17
    soldstatus
31. 1997-09-25
    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: $4,287 · $357/mo
• Projected year-2 tax: $4,287 · $357/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 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥112°F today · 22 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 23% 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: $21,830
• − Mortgage interest: −$8,397
• − Property taxes: −$4,287
• − Insurance: −$750
• − Repairs & maintenance: −$1,746
• − Management: −$1,746
• − Depreciation: −$4,361
• Taxable income: $543
• Est. tax owed @ 24.0%: −$130
• After-tax cash flow: $2,645/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: Texarkana ISD
• NCES district ID: 4842480
• Math proficiency: 36% ▼ -7.00%
• Reading proficiency: 41% ▼ -1.00%
• Median HH income: $35,692
• Composite: 31.87/100
• National rank: #5867
• State rank: #472 of 826 in TX

Livability — Texarkana

• Score: 77/100
• State rank: #93
• US rank: #3241

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Texarkana, TX
• County: Bowie County · 61,238 people
• City population: 61,238
• Metro: Texarkana, TX-AR
• Population (ZIP): 26,372
• Household income: $72,159
• Rent vs Own: 38.0% rent · 62.0% own
• Severe rent burden: 773.0

Population outlook (Bowie County) Hauer SSP2

• Today (2025): 94,699 people
• By 2030: 94,824 · +0.1%
• By 2040: 94,870 · +0.2%
• By 2050: 93,686 · -1.1%
• By 2075: 90,082 · -4.9%
• By 2100: 76,579 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (63%)
• Race & ethnicity: White 63% Black 23% Hispanic / Latino 7% Two or more races 5% Asian 3%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Serbian 1% Lithuanian 1%
• Foreign-born: 5% · Canada, Vietnam, South Korea
• Languages at home: 92% English-only · Spanish 6% Other Indo-European 1%

Political lean MEDSL · Bowie

• 2024 margin: Solid R (+48.7) · D 25.3% · R 74.0%
• 2008→2024 swing: -10.8pp toward R · 2008: -37.9pp · 2024: -48.7pp
• All cycles: 2024: R+48.7 2020: R+42.8 2016: R+46.6 2012: R+41.5 2008: R+37.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -48.09%
• Current HPI: 181.3052
• Rent YoY: —
• Metro: Texarkana, TX-AR
• 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

+0.6% since first listed

14 events — show timeline

• 2026-02-24 Price Changed $159,900 TBOR
• 2025-11-01 Listed $165,000 TBOR
• 2023-08-28 Sold (Public Records) — Public Records
• 2023-08-25 Pending — TBOR
• 2023-08-25 Sold (MLS) — TBOR
• 2023-08-10 Delisted — TBOR
• 2023-08-06 Pending — TBOR
• 2023-08-03 Delisted — TBOR
• 2023-06-26 Listed $165,000 TBOR
• 2022-04-07 Sold (Public Records) — Public Records
• 2022-03-31 Sold (MLS) — TBOR
• 2022-02-10 Listed $159,000 TBOR
• 2013-09-17 Sold (Public Records) — Public Records
• 1997-09-25 Sold (Public Records) — Public Records

Property tax history

+3.9%/yr

Latest (2025): $4,287 · +5.6% YoY. Source: county tax records.