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220 Weatherboard Dr
C- Composite 50.68
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).

  • ARV discount +13.4/15.0
  • Appreciation +10.0/10.0
  • Cash flow +7.7/30.0
  • Condition / age +5.0/5.0
  • 1% rule +3.9/10.0
  • Schools +3.2/10.0
  • Livability +3.2/5.0
  • Rent growth +2.5/5.0
  • DSCR +1.8/10.0

$217,500

220 Weatherboard Dr · Nevada, TX 75173
3 bd · 2.0 ba · 1,255 sqft · SingleFamily public records · 56 Days on market
Built 2024 Excellent condition 7,187 sqft lot Garage $173/sqft · 13% below area Est $250k · 13% under $92/mo HOA · 5% of rent ↓ 12% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

New! Spacious single story, with open floor plan! Three bedrooms, two full baths, with covered patio. Home includes, island kitchen, granite counters throughout, LED lighting, full sprinkler system, professionally engineered post tension foundation, and much more! Waverly Estates is a new D.R. Horton community in Josephine. The community is conveniently located just minutes from Interstate 30, providing easy access to Rockwall and the DFW Metroplex. Waverly Estates offers a variety of single-family homes to choose from. If you're looking for a new home in the Josephine area, Waverly Estates is the perfect community for you.

Key facts

  • Island kitchen
  • Covered patio
  • Granite countertops

Tags

WAVERLY ESTATES COMMUNITYISLAND KITCHENGRANITE COUNTERTOPSWALK-IN PANTRYCOVERED PATIOFENCED BACKYARD

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $218k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $-250 ($-3k/yr) — negative.
  • To cash-flow at today's rent, offer at most $173k (20.3% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $193k (11.3% below list).
  • Recommended offer: $173k (20.3% below list) — sets the bar for cash-flow.
  • Cap rate 4.9% vs local median 3.4% in Nevada — 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 63/100 on livability (#881 in TX) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A; Watch: amenities F, commute F, health & safety F.
  • Community ISD (rural): math 30% / reading 38% proficiency, ranked #479 of 826 in TX (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Mcclendon El (math 29% / reading 35%, grade F, #2,268 of 4,322 statewide, top 55%, 697 students, 66% FRL); Leland E Edge Middle (math 25% / reading 35%, grade F, #1,056 of 1,662 statewide, top 65%, 931 students, 53% FRL) — zoned schools average 60% FRL vs 36% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: 543 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 63d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 72% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 19,194 units permitted in Collin County in 2024 (3,988 in 5+ unit buildings).

Forward outlook

  • In year one you build about $23k of equity ($2k loan paydown + $22k appreciation (10.0% local appreciation)).
  • Collin County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • By year 2, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 56 days — a 3% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
  • 3 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.
Recommended offer $173,354 (20.3% 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 56 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  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
0.89%
Cap rate
4.91%
Cash-on-cash
-4.92%
DSCR
0.78
GRM
9.4

CMA / ARV

ARV (median comp)
$250,239
List price
$217,500
Delta
-13.08%
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
220 Weatherboard Dr 0.00mi 3/2.0 1,255 (0%) 2mo $217,500 $173 98
1217 Bristlecone Dr 0.14mi 3/2.0 1,253 (-0%) 1mo $230,990 $184 92
403 Saddle Blanket Dr 0.19mi 3/2.0 1,253 (-0%) 2mo $227,990 $182 89
501 Saddle Blanket Dr 0.24mi 3/2.0 1,253 (-0%) 2mo $231,940 $185 86
410 Saddle Blanket Dr 0.23mi 3/2.0 1,253 (-0%) 3mo $247,990 $198 86
409 English Oak Dr 0.21mi 3/2.0 1,253 (-0%) 10mo $235,990 $188 81
409 Silver Birch Dr 0.26mi 3/2.0 1,253 (-0%) 8mo $241,990 $193 81
406 Saddle Blanket Dr 0.21mi 3/2.0 1,404 (+12%) 3mo $251,010 $179 68
409 Saddle Blanket Dr 0.22mi 3/2.0 1,404 (+12%) 6mo $270,990 $193 65
1310 Emi Kate Ln 0.59mi 3/2.0 1,297 (+3%) 4mo $245,000 $189 64
315 Rusted Rail Dr 0.51mi 3/2.0 1,297 (+3%) 10mo $245,000 $189 62
508 American Elm Dr 0.46mi 3/2.0 1,399 (+12%) 3mo $248,490 $178 57

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold
IRR
20.8%
Equity multiple
2.69×
Total profit
$102,736
Equity at exit
$195,941
10-year hold
IRR
18.9%
Equity multiple
6.18×
Total profit
$315,446
Equity at exit
$422,555

Cash invested: $60,900 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
26 active · 12 under contract
Months of supply
9.8 mo (10%/mo absorbed)
Median asking
$246,995 ($183/sqft)
Median days on market
123 d
This list price
8% of active listings are priced below it
ARV vs active asking
+9.3% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 75173

Home prices YoY
3.1%
Active inventory
543
Price-to-rent
9.4×

Monthly cashflow live

Estimated rent
$1,930 high interval (Pro) →
Mortgage (P&I)
$1,141
Tax from tax record
$451 /mo · $5,416/yr
Insurance
$91
HOA
$92
Vacancy / Maint / Mgmt
$405
Net cashflow
$-250

Break-even live

Break-even rent $2,246
Max offer price $173,354
Occupancy floor

Sensitivity live

Price -10% $-127 -5% $-188 +0% $-250 +5% $-311 +10% $-373
Rent -10% $-402 -5% $-326 +0% $-250 +5% $-174 +10% $-97
Rate -1.0pp $-140 -0.5pp $-195 base $-250 +0.5pp $-306 +1.0pp $-364

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
$54,375
Closing costs
$6,525
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
214 Crooked Field Dr Royse City, TX 3.0 2.0 1398 $1,900 $1.36 120d 1 0.06mi
211 Wrought Iron Dr Nevada, TX 3.0 2.0 1398 $1,900 $1.36 20d 1 0.09mi
504 Saddle Blanket Dr Nevada, TX 4.0 2.0 1649 $1,799 $1.09 56d 1 0.28mi
504 Saddle Blanket Dr Nevada, TX 4.0 2.0 1649 $1,949 $1.18 110d 1 0.28mi
1304 Lowhill Dr Royse City, TX 4.0 2.0 1843 $1,895 $1.03 71d 1 0.53mi
1304 Lowhill Dr Royse City, TX 4.0 2.0 1843 $1,895 $1.03 7d 1 0.53mi
319 Plum Dr Nevada, TX 4.0 2.0 1587 $1,800 $1.13 39d 1 0.55mi
401 Silo Cir Royse City, TX 4.0 2.0 1568 $1,900 $1.21 85d 1 0.57mi
406 Knapsack Ln Royse City, TX 4.0 2.0 1870 $1,856 $0.99 59d 1 0.58mi
819 Rustic Way Royse City, TX 4.0 2.0 1796 $2,000 $1.11 79d 1 0.62mi
503 Hawthorn Dr Nevada, TX 4.0 2.0 1824 $2,095 $1.15 67d 1 0.69mi
503 Hawthorn Dr Josephine, TX 4.0 2.0 1824 $2,095 $1.15 4d 1 0.69mi
503 Hawthorn Dr Josephine, TX 4.0 2.0 1824 $1,995 $1.09 0d 1 0.69mi
503 Hawthorn Dr Nevada, TX 4.0 2.0 1824 $2,095 $1.15 33d 1 0.69mi
802 Turnbuckle Ct Royse City, TX 4.0 2.0 1577 $1,849 $1.17 139d 1 0.69mi
503 Cistern Way Royse City, TX 3.0 2.0 1294 $1,795 $1.39 62d 1 0.72mi
503 Cistern Way Royse City, TX 3.0 2.0 1294 $1,795 $1.39 97d 1 0.72mi
508 Windrow Dr Royse City, TX 3.0 2.0 1533 $1,900 $1.24 139d 1 0.73mi
508 Windrow Dr Royse City, TX 3.0 2.0 1533 $1,875 $1.22 120d 1 0.73mi
1004 Cotton Gin Ct Royse City, TX 4.0 2.0 1875 $1,850 $0.99 108d 1 0.75mi
1007 Cotton Gin Ct Royse City, TX 3.0 2.0 1611 $2,050 $1.27 139d 1 0.75mi
1503 Cotton Gin Ct Royse City, TX 3.0 2.0 1566 $2,200 $1.40 139d 1 0.75mi
801 Meadow Creek Ln Josephine, TX 4.0 2.0 1757 $2,500 $1.42 100d 1 0.79mi
801 Meadow Creek Ln Josephine, TX 4.0 2.0 1708 $2,300 $1.35 72d 1 0.79mi
722 Windmill St Josephine, TX 4.0 2.0 1568 $1,750 $1.12 31d 1 0.81mi
800 Windmill St Josephine, TX 4.0 2.0 1843 $2,000 $1.09 64d 1 0.81mi
800 Windmill St Josephine, TX 4.0 2.0 1843 $2,100 $1.14 94d 1 0.81mi
800 Windmill St Josephine, TX 4.0 2.0 1843 $2,100 $1.14 102d 1 0.81mi
602 East St Josephine, TX 3.0 2.0 1841 $1,950 $1.06 20d 1 0.85mi
606 Wrangler Dr Josephine, TX 3.0 2.0 1310 $1,800 $1.37 29d 1 0.86mi
603 Chuck Wagon Dr Josephine, TX 3.0 2.0 1310 $1,845 $1.41 6d 1 0.87mi
904 Saddle Horn Way Royse City, TX 4.0 2.0 1870 $1,995 $1.07 54d 1 0.90mi
904 Saddle Horn Way Royse City, TX 4.0 2.0 1870 $1,995 $1.07 59d 1 0.90mi
904 Saddle Horn Way Royse City, TX 4.0 2.0 1870 $1,995 $1.07 3d 1 0.90mi
1208 Fieldstone Ct Royse City, TX 4.0 2.0 1835 $2,000 $1.09 139d 1 0.93mi
808 Saddle Horn Way Royse City, TX 4.0 2.0 1870 $2,199 $1.18 17d 1 0.94mi
511 Pine Hollow Way Josephine, TX 3.0 2.0 1448 $2,100 $1.45 6d 1 0.96mi
1404 Old Trail Rd Royse City, TX 3.0 2.0 1625 $1,995 $1.23 48d 1 0.96mi
604 Heirloom Ln Josephine, TX 3.0 2.0 1625 $1,316 $0.81 45d 1 1.01mi
833 Lexington Ln Josephine, TX 3.0 2.0 1468 $1,800 $1.23 4d 1 1.01mi

Property features AI

Finance

Other
Directions provided to the property
Financial info
Accepts Cash, Conventional, FHA, VA financing
HOA & community
Mandatory associationSemi-annual HOA fee of $550 (includes management fees)HOA managed by AAM

Exterior

Parking
Attached garage2 covered garage spaces
Security
Smoke detector(s)
Utilities
City waterCo-op electricProperty in a municipal utility district (MUD)
Home design
Single-family residenceOne levelResidential propertyBuilt in 2024
Construction
Composition roofSlab foundationNew construction (2024)
Exterior features
Less than 0.5-acre lot (approximately 0.165 acres)Subdivision: Waverly Estates Ph 4Smoke detector(s) installed

Interior

Kitchen
DishwasherElectric rangeMicrowaveGranite countersKitchen islandPantry
Bedrooms
Primary bedroom on level 1 (11 x 12)Bedroom on level 1 (11 x 9)Bedroom on level 1 (11 x 11)
Flooring
Luxury vinyl plank
Bathrooms
2 full bathrooms
Heating & cooling
Central heatingCentral air
Interior features
Open floorplanKitchen islandPantryGranite countersCable TV available
Laundry & utility
Full-size washer/dryer areaGas water heater

Listing history 44 events

  1. 2026-07-30
    days on market $217,500 Active 56 DOM
  2. 2026-07-28
    days on market $217,500 Active 55 DOM
  3. 2026-07-26
    days on market $217,500 Active 53 DOM
  4. 2026-07-24
    days on market $217,500 Active 51 DOM
  5. 2026-07-23
    days on market $217,500 Active 50 DOM
  6. 2026-07-22
    days on market $217,500 Active 49 DOM
  7. 2026-07-21
    days on market $217,500 Active 48 DOM
  8. 2026-07-20
    days on market $217,500 Active 47 DOM
  9. 2026-07-18
    days on market $217,500 Active 45 DOM
  10. 2026-07-18
    days on market $217,500 Active 44 DOM
  11. 2026-07-16
    days on market $217,500 Active 43 DOM
  12. 2026-07-15
    days on market $217,500 Active 42 DOM
  13. 2026-07-14
    days on market $217,500 Active 41 DOM
  14. 2026-07-13
    days on market $217,500 Active 40 DOM
  15. 2026-07-13
    days on market $217,500 Active 39 DOM
  16. 2026-07-11
    days on market $217,500 Active 38 DOM
  17. 2026-07-10
    days on market $217,500 Active 37 DOM
  18. 2026-07-09
    days on market $217,500 Active 36 DOM
  19. 2026-07-07
    days on market $217,500 Active 34 DOM
  20. 2026-07-06
    days on market $217,500 Active 33 DOM
  21. 2026-07-06
    days on market $217,500 Active 32 DOM
  22. 2026-07-05
    days on market $217,500 Active 31 DOM
  23. 2026-07-03
    days on market $217,500 Active 30 DOM
  24. 2026-07-02
    days on market $217,500 Active 29 DOM
  25. 2026-07-01
    days on market $217,500 Active 28 DOM
  26. 2026-06-30
    days on market $217,500 Active 27 DOM
  27. 2026-06-29
    days on market $217,500 Active 26 DOM
  28. 2026-06-28
    days on market $217,500 Active 25 DOM
  29. 2026-06-27
    days on market $217,500 Active 24 DOM
  30. 2026-06-26
    pricedays on market $217,500 Active 23 DOM
  31. 2026-06-24
    days on market $225,000 Active 21 DOM
  32. 2026-06-22
    days on market $225,000 Active 19 DOM
  33. 2026-06-21
    days on market $225,000 Active 18 DOM
  34. 2026-06-18
    days on market $225,000 Active 15 DOM
  35. 2026-06-17
    days on market $225,000 Active 14 DOM
  36. 2026-06-16
    days on market $225,000 Active 13 DOM
  37. 2026-06-15
    days on market $225,000 Active 12 DOM
  38. 2026-06-13
    days on market $225,000 Active 10 DOM
  39. 2026-06-13
    days on market $225,000 Active 9 DOM
  40. 2026-06-09
    days on market $225,000 Active 6 DOM
  41. 2026-06-08
    days on market $225,000 Active 5 DOM
  42. 2026-06-07
    days on market $225,000 Active 4 DOM
  43. 2026-06-04
    remarks 699-char remark
  44. 2026-06-04
    listed $225,000 Active 1 DOM

ⓘ 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
$5,416 · $451/mo
Projected year-2 tax
$5,416 · $451/mo
Expected delta
$0/yr ($0/mo · 0.0%)

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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$23,160
− Mortgage interest
−$12,183
− Property taxes
−$5,416
− Insurance
−$1,088
− Repairs & maintenance
−$1,853
− Management
−$1,853
− HOA
−$1,104
− Depreciation
−$6,327
Taxable loss
−$6,664
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,599
After-tax cash flow
$-1,399/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.

Condition & rehab AI · 12 photos

Excellent 100/100 None rehab

This beautifully maintained single-story home in Waverly Estates is move-in ready with modern finishes and a fresh paint job. It offers a spacious floor plan and is conveniently located.

Value-add opportunities

  • Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics
  • Both Landscaping and curb appeal improvements — Enhances curb appeal and adds value
  • Both Add smart home features — Improves convenience and adds modern appeal
F Composite school gradezoned avg 32/100

Zoned Schools

Elementary Mcclendon El F TX #2,268/4,322 Nat'l #24,950/41,679 Middle Leland E Edge Middle F TX #1,056/1,662 Nat'l #8,861/14,009 High Community H S F TX #941/1,632 Nat'l #9,497/17,239

Schools (NCES district)

District
Community ISD
NCES district ID
4814850
Math proficiency
30% ▼ -23.00%
Reading proficiency
38% ▼ -11.00%
Median HH income
$71,841
Composite
31.58/100
National rank
#5951
State rank
#479 of 826 in TX
C Composite livability gradescore 63/100

Livability — Nevada

Score
63/100
State rank
#881
US rank
#15880

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

County
Collin · 1,210,074 people
Metro
Dallas-Fort Worth-Arlington, TX
Population (ZIP)
9,284
Household income
$100,373
Rent vs Own
6.7% rent · 93.3% own
Severe rent burden
7% of renters

Population outlook (Collin County) Hauer SSP2

Today (2025)
1,210,074 people
By 2030
1,358,201 · +12.2%
By 2040
1,654,061 · +36.7%
By 2050
1,937,359 · +60.1%
By 2075
2,567,039 · +112.1%
By 2100
2,952,048 · +144.0%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Majority White (65%)
Race & ethnicity
White 65% Hispanic / Latino 28% Two or more races 15% Black 2% Native American 1%
Hispanic origin (detail)
Mexican 26%
Common ancestry
Slovak 2% Serbian 1% Iranian 1%
Foreign-born
17% · Canada, Jamaica
Languages at home
74% English-only · Spanish 24% Arabic 1%

Political lean MEDSL · Collin

2024 margin
R (+11.1) · D 43.1% · R 54.3% · Other 2.6%
2008→2024 swing
+14.4pp toward D · 2008: -25.6pp · 2024: -11.1pp
All cycles
2024: R+11.1 2020: R+4.3 2016: R+17.0 2012: R+31.6 2008: R+25.6

Not yet ingested

Civics

Price history

-12.5% since first listed
13 events — show timeline
  • 2026-06-25 Price Changed $217,500 NTREIS
  • 2026-06-04 Listed $225,000 NTREIS
  • 2025-11-01 Listing Removed NTREIS
  • 2025-10-28 Price Changed $244,500 NTREIS
  • 2025-07-11 Price Changed $249,500 NTREIS
  • 2025-06-03 Listed $255,000 NTREIS
  • 2024-08-29 Sold (MLS) NTREIS
  • 2024-08-12 Pending NTREIS
  • 2024-07-16 Price Changed $249,990 NTREIS
  • 2024-07-09 Price Changed $260,990 NTREIS
  • 2024-07-05 Price Changed $262,990 NTREIS
  • 2024-05-29 Price Changed $260,990 NTREIS
  • 2024-05-29 Listed $248,490 NTREIS

Property tax history

+639.4%/yr

Latest (2025): $5,416 · +639.4% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…