603 E Ave D · Hooks, TX 75561

$45,000

2 bd · 1.0 ba · 894 sqft · SingleFamily public records · 239 Days on market

Built 1977 8,712 sqft lot $50/sqft · 6% above area Est $43k · 6% over ↓ 25% since listing

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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 +5.0/15.0
• Schools +4.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great starter home or investment property. It is within walking distance from the schools, sports fields and restaurants.

Key facts

• 8,712 sq ft lot
• Built 1977
• Listed 238 days

Tags

• WALKING DISTANCE FROM SCHOOLS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $329 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($881 rent vs $45k).
• Recommended offer: $40k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#819 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A-, crime B+; Watch: schools C-, amenities F, commute F.
• Hooks ISD (town): math 46% / reading 50% proficiency, ranked #226 of 826 in TX (top 27%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 65 active listings in the ZIP; 137 units permitted in Bowie County in 2024 (5 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $311 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $13k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 239 days — a 12% lower offer ($40k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 4y ago; this cycle's ask has dropped $34k (43%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price.
• Climate carrying-cost: moderate wind risk, 26% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $39,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 239 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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: 1.96% ✓
• Cap rate: 15.08%
• Cash-on-cash: 31.37%
• DSCR: 2.40
• GRM: 4.3

CMA / ARV

• ARV (median comp): $42,642
• List price: $45,000
• Delta: 5.53%
• Verdict: FAIR
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
115 E Avenue H	0.42mi	2/1.0	976 (+9%)	12mo	$22,500	$23	55

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: 26.3%
• Equity multiple: 2.09×
• Total profit: $13,731
• Equity at exit: $6,710

10-year hold

• IRR: 34.0%
• Equity multiple: 4.11×
• Total profit: $39,159
• Equity at exit: $3,891

Cash invested: $12,600 (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 75561

• Home prices YoY: -8.4%
• Active inventory: 65
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $881 medium
• Mortgage (P&I): −$236
• Tax from tax record: −$112 /mo · $1,344/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$185
• Net cashflow: $329

Break-even live

Break-even rent $464

Max offer price $45,000

Occupancy floor 58%

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Listing history 31 events

1. 2026-06-08
   days on market $45,000 Active 239 DOM
2. 2026-06-07
   days on market $45,000 Active 238 DOM
3. 2026-06-05
   days on market $45,000 Active 235 DOM
4. 2026-06-03
   days on market $45,000 Active 234 DOM
5. 2026-06-02
   days on market $45,000 Active 233 DOM
6. 2026-06-01
   days on market $45,000 Active 232 DOM
7. 2026-05-31
   days on market $45,000 Active 231 DOM
8. 2026-05-30
   days on market $45,000 Active 230 DOM
9. 2026-04-13
   status Active 121-char remark

   Show marketing remark (121 chars)

   Great starter home or investment property. It is within walking distance from the schools, sports fields and restaurants.

10. 2026-04-13
    price $45,000 121-char remark

    Show marketing remark (121 chars)

    Great starter home or investment property. It is within walking distance from the schools, sports fields and restaurants.

11. 2026-04-10
    historical 121-char remark

    Show marketing remark (121 chars)

    Great starter home or investment property. It is within walking distance from the schools, sports fields and restaurants.

12. 2026-03-09
    price $60,000 121-char remark

    Show marketing remark (121 chars)

    Great starter home or investment property. It is within walking distance from the schools, sports fields and restaurants.

13. 2026-02-06
    price $66,000 121-char remark

    Show marketing remark (121 chars)

    Great starter home or investment property. It is within walking distance from the schools, sports fields and restaurants.

14. 2026-01-09
    price $69,000 121-char remark

    Show marketing remark (121 chars)

    Great starter home or investment property. It is within walking distance from the schools, sports fields and restaurants.

15. 2025-12-10
    price $74,900 121-char remark

    Show marketing remark (121 chars)

    Great starter home or investment property. It is within walking distance from the schools, sports fields and restaurants.

16. 2025-10-09
    listed $79,000 Active 121-char remark

    Show marketing remark (121 chars)

    Great starter home or investment property. It is within walking distance from the schools, sports fields and restaurants.

17. 2025-08-17
    historical
18. 2025-04-01
    price $50,000
19. 2025-03-19
    price $55,000
20. 2025-02-17
    listed $60,000 Active
21. 2023-08-08
    soldstatus Closed
22. 2023-08-08
    soldstatus
23. 2023-07-13
    status Pending
24. 2023-06-30
    historical Active Option Contract
25. 2023-06-22
    price $65,000
26. 2023-06-01
    listed $70,000 Active
27. 2022-06-21
    soldstatus
28. 2022-06-17
    soldstatus
29. 2022-05-05
    listed $60,000
30. 2022-03-08
    soldstatus
31. 2002-09-16
    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: $1,344 · $112/mo
• Projected year-2 tax: $1,344 · $112/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 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥111°F today · 23 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,574
• − Mortgage interest: −$2,521
• − Property taxes: −$1,344
• − Insurance: −$225
• − Repairs & maintenance: −$846
• − Management: −$846
• − Depreciation: −$1,309
• Taxable income: $3,483
• Est. tax owed @ 24.0%: −$836
• After-tax cash flow: $3,116/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: Hooks ISD
• NCES district ID: 4823490
• Math proficiency: 46% ▼ -9.00%
• Reading proficiency: 50% ▲ 1.00%
• Median HH income: $42,354
• Composite: 40.38/100
• National rank: #3734
• State rank: #226 of 826 in TX

Livability — Hooks

• Score: 64/100
• State rank: #819
• US rank: #14861

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hooks, TX
• Population (ZIP): 4,954

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: Predominantly White (70%)
• Race & ethnicity: White 70% Black 16% Hispanic / Latino 8% Two or more races 8%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 3% European 1% Romanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -14.29%
• Current HPI: 154.9243
• 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

-25.0% since first listed

23 events — show timeline

• 2026-04-13 Relisted — TBOR
• 2026-04-13 Price Changed $45,000 TBOR
• 2026-04-10 Delisted — TBOR
• 2026-03-09 Price Changed $60,000 TBOR
• 2026-02-06 Price Changed $66,000 TBOR
• 2026-01-09 Price Changed $69,000 TBOR
• 2025-12-10 Price Changed $74,900 TBOR
• 2025-10-09 Listed $79,000 TBOR
• 2025-08-17 Listing Removed — NTREIS
• 2025-04-01 Price Changed $50,000 NTREIS
• 2025-03-19 Price Changed $55,000 NTREIS
• 2025-02-17 Listed $60,000 NTREIS
• 2023-08-08 Sold (Public Records) — Public Records
• 2023-08-08 Sold (MLS) — NTREIS
• 2023-07-13 Pending — NTREIS
• 2023-06-30 Contingent — NTREIS
• 2023-06-22 Price Changed $65,000 NTREIS
• 2023-06-01 Listed $70,000 NTREIS
• 2022-06-21 Sold (Public Records) — Public Records
• 2022-06-17 Sold (MLS) — TBOR
• 2022-05-05 Listed $60,000 TBOR
• 2022-03-08 Sold (Public Records) — Public Records
• 2002-09-16 Sold (Public Records) — Public Records

Property tax history

+9.8%/yr

Latest (2025): $1,344 · -19.1% YoY. Source: county tax records.