503 N Electra St · Electra, TX 76360

$40,749

2 bd · 1.0 ba · 1,248 sqft · SingleFamily public records · 134 Days on market

Built 1940 7,000 sqft lot $33/sqft · 52% 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 +5.6/10.0
• Livability +3.3/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

HANDYMAN INVESTORS! Don't miss the opportunity to invest in this house located in Electra, Texas! Take in Electra's small-town charm in this 3-bedroom home! It is approximately on 7,000 sq. ft. lot this home will have much to offer. Customize this home and its grand yard space to suit your lifestyle. With easy access to Hwy 287 you'll have easy access to neighboring Vernon and Wichita Falls. This property is being sold AS IS but it will have a NEW ROOF. We have many other homes in this area. When you call be sure and ask about our ELECTRA INVESTOR PACKAGES. We also 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. This property is part of an exclusive investor special package available for a limited time. Click the following link to learn more and seize this unique opportunity! >>Electra Package<< HANDYMAE

Key facts

• Grand yard space
• New roof
• 7,000 sq ft lot

Tags

• NEW ROOF
• GRAND YARD SPACE
• EASY ACCESS TO HWY 287

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $41k.

Deal economics

• At list price, monthly cash flow is $645 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $41k).
• Recommended offer: $36k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#647 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: health & safety C-, schools D+, amenities F.
• Electra ISD (town): math 35% / reading 39% proficiency, ranked #494 of 826 in TX (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 47 active listings in the ZIP; 231 units permitted in Wichita County in 2024 (10 in 5+ unit buildings).

Forward outlook

• In year one you build about $746 of equity ($282 loan paydown + $464 appreciation (1.1% local appreciation)).
• Wichita County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (1.1% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 134 days — a 12% lower offer ($36k) 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 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $35,859 (12.0% below list)

Questions for the listing agent

1. It's been on market 134 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 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 2.78% ✓
• Cap rate: 25.30%
• Cash-on-cash: 67.88%
• DSCR: 4.02
• GRM: 3.0

CMA / ARV

• ARV (median comp): $26,736
• List price: $40,749
• Delta: 52.41%
• Verdict: OVERPRICED
• Comps: 12 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
300 S Waggoner St	0.44mi	3/2.0 (+1)	1,216 (-3%)	6mo	$16,900	$14	61
605 E Glisson Ave	0.42mi	3/1.0 (+1)	1,133 (-9%)	11mo	$53,000	$47	51
309 E Franklin Ave	0.24mi	3/2.0 (+1)	1,155 (-8%)	24mo	$140,000	$121	48

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

Projected returns pro-forma

1.14% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 70.9%
• Equity multiple: 4.69×
• Total profit: $42,147
• Equity at exit: $14,208

10-year hold

• IRR: 71.8%
• Equity multiple: 9.56×
• Total profit: $97,620
• Equity at exit: $19,113

Cash invested: $11,410 (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 76360

• Home prices YoY: 1.1%
• Active inventory: 47
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,132 medium
• Mortgage (P&I): −$214
• Tax from tax record: −$18 /mo · $220/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$238
• Net cashflow: $645

Break-even live

Break-even rent $315

Max offer price $40,749

Occupancy floor 38%

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: $10,187
• Closing costs: $1,222
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $40,749 Active 134 DOM
2. 2026-06-17
   days on market $40,749 Active 133 DOM
3. 2026-06-16
   days on market $40,749 Active 132 DOM
4. 2026-06-15
   days on market $40,749 Active 131 DOM
5. 2026-06-13
   days on market $40,749 Active 129 DOM
6. 2026-06-12
   days on market $40,749 Active 128 DOM
7. 2026-06-09
   days on market $40,749 Active 125 DOM
8. 2026-06-08
   days on market $40,749 Active 124 DOM
9. 2026-06-08
   days on market $40,749 Active 123 DOM
10. 2026-06-07
    days on market $40,749 Active 122 DOM
11. 2026-06-03
    days on market $40,749 Active 119 DOM
12. 2026-06-02
    days on market $40,749 Active 118 DOM
13. 2026-06-01
    days on market $40,749 Active 117 DOM
14. 2026-05-31
    days on market $40,749 Active 116 DOM
15. 2026-02-04
    listed $40,749 Active 1011-char remark

    Show marketing remark (1011 chars)

    HANDYMAN INVESTORS! Don't miss the opportunity to invest in this house located in Electra, Texas! Take in Electra's small-town charm in this 3-bedroom home! It is approximately on 7,000 sq. ft. lot this home will have much to offer. Customize this home and its grand yard space to suit your lifestyle. With easy access to Hwy 287 you'll have easy access to neighboring Vernon and Wichita Falls. This property is being sold AS IS but it will have a NEW ROOF. We have many other homes in this area. When you call be sure and ask about our ELECTRA INVESTOR PACKAGES. We also 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. This property is part of an exclusive investor special package available for a limited time. Click the following link to learn more and seize this unique opportunity! &gt;&gt;Electra Package&lt;&lt; HANDYMAE

16. 2025-09-16
    historical
17. 2025-07-29
    price $40,749
18. 2024-09-16
    listed $33,249 Active
19. 2023-12-19
    soldstatus
20. 2019-07-10
    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: $220 · $18/mo
• Projected year-2 tax: $746 · $62/mo
• Expected delta: +$526/yr (+$44/mo · 239.3%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 10% chance over 30 yrs
• 🔥 Wildfire 8/10 Severe
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°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: $13,586
• − Mortgage interest: −$2,283
• − Property taxes: −$220
• − Insurance: −$204
• − Repairs & maintenance: −$1,087
• − Management: −$1,087
• − Depreciation: −$1,185
• Taxable income: $7,521
• Est. tax owed @ 24.0%: −$1,805
• After-tax cash flow: $5,940/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: Electra ISD
• NCES district ID: 4818330
• Math proficiency: 35% ▼ -5.00%
• Reading proficiency: 39% ▼ -1.00%
• Median HH income: $39,107
• Composite: 30.95/100
• National rank: #6109
• State rank: #494 of 826 in TX

Livability — Electra

• Score: 66/100
• State rank: #647
• US rank: #12245

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Electra, TX
• Population (ZIP): 2,692

Population outlook (Wichita County) Hauer SSP2

• Today (2025): 129,638 people
• By 2030: 128,366 · -1.0%
• By 2040: 124,466 · -4.0%
• By 2050: 120,499 · -7.0%
• By 2075: 113,884 · -12.2%
• By 2100: 101,818 · -21.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Hispanic / Latino 18% Two or more races 9% Black 4%
• Hispanic origin (detail): Mexican 17%
• Common ancestry: Slovak 3% Italian 2% Iranian 1%
• Foreign-born: 1% · Canada
• Languages at home: 93% English-only · Spanish 6%

Political lean MEDSL · Wichita

• 2024 margin: Solid R (+44.0) · D 27.5% · R 71.5%
• 2008→2024 swing: -5.2pp toward R · 2008: -38.9pp · 2024: -44.0pp
• All cycles: 2024: R+44.0 2020: R+41.1 2016: R+49.7 2012: R+47.1 2008: R+38.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.14%
• Current HPI: 106.7145
• 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

+22.6% since first listed

6 events — show timeline

• 2026-02-04 Listed $40,749 HARMLS
• 2025-09-16 Listing Removed — HARMLS
• 2025-07-29 Price Changed $40,749 HARMLS
• 2024-09-16 Listed $33,249 HARMLS
• 2023-12-19 Sold (Public Records) — Public Records
• 2019-07-10 Sold (Public Records) — Public Records

Property tax history

-6.3%/yr

Latest (2025): $220 · -42.7% YoY. Source: county tax records.