6071 Fm 713 · Lockhart, TX 78616

$175,000

3 bd · 1.0 ba · 1,055 sqft · SingleFamily public records · 426 Days on market

Built 1930 0.32 ac lot $166/sqft · 93% below area

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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 +20.8/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.6/10.0
• 1% rule +5.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0

Listing remarks MLS

Looking for a property that offers both privacy and endless possibilities? Situated on over a third of an acre, it's perfect for your dream lifestyle. As a fixer-upper, it presents an ideal investment opportunity with high potential for maximizing value. The owner has already begun renovations. Imagine this as your blank canvas to create your own dream space. You can customize every corner to reflect your style and personality. The possibilities are endless! All information on this listing is deemed reliable but not guaranteed. Buyer and Buyers agent to verify all information and perform due diligence.

Key facts

• 0.32 acre lot
• 5 parking spots
• Built 1930

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $241 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $154k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.9% vs local median 3.0% in Lockhart — 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 67/100 on livability (#535 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: schools D-, amenities F, commute F.
• Lockhart ISD (town): math 27% / reading 29% proficiency, ranked #657 of 826 in TX (top 80%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 203 active listings in the ZIP; 529 units permitted in Caldwell County in 2024 (6 in 5+ unit buildings).

Forward outlook

• In year one you build about $19k of equity ($1k loan paydown + $18k appreciation (10.0% local appreciation)).
• Caldwell County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $49k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 426 days — a 12% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y 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 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $154,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 426 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 1930 — 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: 1.06% ✓
• Cap rate: 7.95%
• Cash-on-cash: 5.90%
• DSCR: 1.26
• GRM: 7.8

CMA / ARV

• ARV (median comp): $2,384,508
• List price: $175,000
• Delta: -92.66%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 28.6%
• Equity multiple: 3.26×
• Total profit: $110,699
• Equity at exit: $157,654

10-year hold

• IRR: 24.9%
• Equity multiple: 7.41×
• Total profit: $313,997
• Equity at exit: $339,987

Cash invested: $49,000 (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 78616

• Home prices YoY: 4.8%
• Active inventory: 203
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,859 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$237 /mo · $2,846/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$390
• Net cashflow: $241

Break-even live

Break-even rent $1,554

Max offer price $175,000

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-18
   days on market $175,000 Active 426 DOM
2. 2026-06-17
   days on market $175,000 Active 425 DOM
3. 2026-06-16
   days on market $175,000 Active 424 DOM
4. 2026-06-15
   days on market $175,000 Active 423 DOM
5. 2026-06-13
   days on market $175,000 Active 421 DOM
6. 2026-06-09
   days on market $175,000 Active 417 DOM
7. 2026-06-08
   days on market $175,000 Active 416 DOM
8. 2026-06-07
   days on market $175,000 Active 415 DOM
9. 2026-06-04
   days on market $175,000 Active 412 DOM
10. 2026-06-03
    days on market $175,000 Active 411 DOM
11. 2026-06-02
    days on market $175,000 Active 410 DOM
12. 2026-06-01
    days on market $175,000 Active 409 DOM
13. 2026-05-31
    days on market $175,000 Active 408 DOM
14. 2026-01-09
    listed $175,000 Active 609-char remark

    Show marketing remark (609 chars)

    Looking for a property that offers both privacy and endless possibilities? Situated on over a third of an acre, it's perfect for your dream lifestyle. As a fixer-upper, it presents an ideal investment opportunity with high potential for maximizing value. The owner has already begun renovations. Imagine this as your blank canvas to create your own dream space. You can customize every corner to reflect your style and personality. The possibilities are endless! All information on this listing is deemed reliable but not guaranteed. Buyer and Buyers agent to verify all information and perform due diligence.

15. 2025-10-13
    price $175,000 609-char remark

    Show marketing remark (609 chars)

    Looking for a property that offers both privacy and endless possibilities? Situated on over a third of an acre, it's perfect for your dream lifestyle. As a fixer-upper, it presents an ideal investment opportunity with high potential for maximizing value. The owner has already begun renovations. Imagine this as your blank canvas to create your own dream space. You can customize every corner to reflect your style and personality. The possibilities are endless! All information on this listing is deemed reliable but not guaranteed. Buyer and Buyers agent to verify all information and perform due diligence.

16. 2025-09-15
    price $184,500 609-char remark

    Show marketing remark (609 chars)

    Looking for a property that offers both privacy and endless possibilities? Situated on over a third of an acre, it's perfect for your dream lifestyle. As a fixer-upper, it presents an ideal investment opportunity with high potential for maximizing value. The owner has already begun renovations. Imagine this as your blank canvas to create your own dream space. You can customize every corner to reflect your style and personality. The possibilities are endless! All information on this listing is deemed reliable but not guaranteed. Buyer and Buyers agent to verify all information and perform due diligence.

17. 2025-07-27
    price $187,500 609-char remark

    Show marketing remark (609 chars)

    Looking for a property that offers both privacy and endless possibilities? Situated on over a third of an acre, it's perfect for your dream lifestyle. As a fixer-upper, it presents an ideal investment opportunity with high potential for maximizing value. The owner has already begun renovations. Imagine this as your blank canvas to create your own dream space. You can customize every corner to reflect your style and personality. The possibilities are endless! All information on this listing is deemed reliable but not guaranteed. Buyer and Buyers agent to verify all information and perform due diligence.

18. 2025-06-21
    price $199,900 609-char remark

    Show marketing remark (609 chars)

    Looking for a property that offers both privacy and endless possibilities? Situated on over a third of an acre, it's perfect for your dream lifestyle. As a fixer-upper, it presents an ideal investment opportunity with high potential for maximizing value. The owner has already begun renovations. Imagine this as your blank canvas to create your own dream space. You can customize every corner to reflect your style and personality. The possibilities are endless! All information on this listing is deemed reliable but not guaranteed. Buyer and Buyers agent to verify all information and perform due diligence.

19. 2025-06-09
    price $245,000 609-char remark

    Show marketing remark (609 chars)

    Looking for a property that offers both privacy and endless possibilities? Situated on over a third of an acre, it's perfect for your dream lifestyle. As a fixer-upper, it presents an ideal investment opportunity with high potential for maximizing value. The owner has already begun renovations. Imagine this as your blank canvas to create your own dream space. You can customize every corner to reflect your style and personality. The possibilities are endless! All information on this listing is deemed reliable but not guaranteed. Buyer and Buyers agent to verify all information and perform due diligence.

20. 2025-04-18
    listed $250,000 Active 609-char remark

    Show marketing remark (609 chars)

    Looking for a property that offers both privacy and endless possibilities? Situated on over a third of an acre, it's perfect for your dream lifestyle. As a fixer-upper, it presents an ideal investment opportunity with high potential for maximizing value. The owner has already begun renovations. Imagine this as your blank canvas to create your own dream space. You can customize every corner to reflect your style and personality. The possibilities are endless! All information on this listing is deemed reliable but not guaranteed. Buyer and Buyers agent to verify all information and perform due diligence.

21. 2020-09-23
    soldstatus
22. 2020-09-09
    status Pending
23. 2020-08-24
    price $155,000
24. 2020-06-09
    soldstatus
25. 2020-06-03
    listed $160,000 Active
26. 2016-05-27
    soldstatus
27. 2000-03-14
    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: $2,846 · $237/mo
• Projected year-2 tax: $3,202 · $267/mo
• Expected delta: +$357/yr (+$30/mo · 12.5%)

ⓘ 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 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 22 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $22,311
• − Mortgage interest: −$9,803
• − Property taxes: −$2,846
• − Insurance: −$875
• − Repairs & maintenance: −$1,785
• − Management: −$1,785
• − Depreciation: −$5,091
• Taxable income: $127
• Est. tax owed @ 24.0%: −$30
• After-tax cash flow: $2,862/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: Lockhart ISD
• NCES district ID: 4827870
• Math proficiency: 27% ▼ -12.00%
• Reading proficiency: 29% ▼ -2.00%
• Median HH income: $48,868
• Composite: 24.44/100
• National rank: #7674
• State rank: #657 of 826 in TX

Livability — Lockhart

• Score: 67/100
• State rank: #535
• US rank: #10453

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 22,348
• Population (ZIP): 10,008

Population outlook (Caldwell County) Hauer SSP2

• Today (2025): 46,557 people
• By 2030: 49,673 · +6.7%
• By 2040: 55,827 · +19.9%
• By 2050: 61,832 · +32.8%
• By 2075: 77,212 · +65.8%
• By 2100: 89,225 · +91.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (77%)
• Race & ethnicity: Hispanic / Latino 77% Two or more races 48% White 17% Native American 2% Black 1%
• Hispanic origin (detail): Mexican 72%
• Common ancestry: Iranian 1% Romanian 1% Lithuanian 1%
• Foreign-born: 24% · Canada
• Languages at home: 48% English-only · Spanish 51% German/W. Germanic 1%

Political lean MEDSL · Caldwell

• 2024 margin: R (+14.4) · D 42.2% · R 56.6% · Other 1.2%
• 2008→2024 swing: -8.4pp toward R · 2008: -6.0pp · 2024: -14.4pp
• All cycles: 2024: R+14.4 2020: R+9.1 2016: R+15.8 2012: R+11.1 2008: R+6.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 14.00%
• Current HPI: 308.45
• 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

+9.4% since first listed

14 events — show timeline

• 2026-01-09 Listed $175,000 CTXMLS
• 2025-10-13 Price Changed $175,000 Unlock MLS
• 2025-09-15 Price Changed $184,500 Unlock MLS
• 2025-07-27 Price Changed $187,500 Unlock MLS
• 2025-06-21 Price Changed $199,900 Unlock MLS
• 2025-06-09 Price Changed $245,000 Unlock MLS
• 2025-04-18 Listed $250,000 Unlock MLS
• 2020-09-23 Sold (Public Records) — Public Records
• 2020-09-09 Pending — CTXMLS
• 2020-08-24 Price Changed $155,000 CTXMLS
• 2020-06-09 Sold (Public Records) — Public Records
• 2020-06-03 Listed $160,000 CTXMLS
• 2016-05-27 Sold (Public Records) — Public Records
• 2000-03-14 Sold (Public Records) — Public Records

Property tax history

+9.4%/yr

Latest (2025): $2,846 · -16.6% YoY. Source: county tax records.