601-611 Canada St · Jacksonville, TX 75766

$585,000

None bd · None ba · 4,851 sqft · MultiFamily · 92 Days on market

Built 1976 0.34 ac lot ↓ 5% since listing

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Why this score? — see what drove the D- 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 +13.2/30.0
• ARV discount +7.5/15.0
• DSCR +4.0/10.0
• 1% rule +3.7/10.0
• Livability +3.4/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 6 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Investment Opportunity in Jacksonville - 3 Duplex Buildings! Don't miss the excellent investment opportunity in the heart of the city. Each of the buildings offer 2 nice sized units with 2 bedrooms and 1 bath. Functional layout with ceramic tile flooring throughout, a comfortable family room, and a galley kitchen. Units are equipped with washer and dryer hookups and include additional interior storage space-ideal for long term tenants. Updates include roofs on all buildings in 2021, windows installed in 2022 and 2023, and asphalt parking pads in 2023. Currently at 100% occupancy. Solid rental potential in a growing market. Whether you're an experienced investor or just getting started, this is a must-see addition to your portfolio.

Key facts

• Galley kitchen
• Roofs updated
• Windows installed

Tags

• CERAMIC TILE FLOORING
• GALLEY KITCHEN
• WASHER AND DRYER HOOKUPS
• INTERIOR STORAGE SPACE
• ROOFS UPDATED
• WINDOWS INSTALLED

What this means for you Summary

Snapshot

• This is a 6 × 2-bed/1-bath units multifamily listed at $585k.

Deal economics

• At list price, monthly cash flow is $-10 ($-118/yr) — negative. Per door: $-2/mo.
• To cash-flow at today's rent, offer at most $584k (0.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $510k (12.7% below list).
• Recommended offer: $510k (12.7% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 2.0% in Jacksonville — 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 68/100 on livability (#452 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: crime D+, schools F, amenities F.
• Jacksonville ISD (town): math 31% / reading 39% proficiency, ranked #534 of 826 in TX (top 65%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 282 active listings in the ZIP; 39 units permitted in Cherokee County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $18k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 92 days — a 9% lower offer ($532k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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

• Climate carrying-cost: major flood risk; major wind risk, 72% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $510,500 (12.7% 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 92 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
4. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
5. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
9. 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?
10. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
11. 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.
12. 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.
13. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.87% ✗
• Cap rate: 6.27%
• Cash-on-cash: -0.07%
• DSCR: 1.00
• GRM: 9.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -16.4%
• Equity multiple: 0.42×
• Total profit: $-95,346
• Equity at exit: $87,225

10-year hold

• IRR: -8.1%
• Equity multiple: 0.49×
• Total profit: $-83,520
• Equity at exit: $50,580

Cash invested: $163,800 (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 75766

• Home prices YoY: -16.5%
• Active inventory: 282
• Price-to-rent: 57.3×

Monthly cashflow live

• Estimated rent: $5,105 high
• Mortgage (P&I): −$3,068
• Tax est. 1.5%: −$731 /mo · $8,775/yr
• Insurance: −$244
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,072
• Net cashflow: $-10

Break-even live

Break-even rent $5,117

Max offer price $583,574

Occupancy floor 95%

6-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 6× units	2	1	$5,106
Total (6 units)			$5,105

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: $146,250
• Closing costs: $17,550
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-19
   days on market $585,000 Active 92 DOM
2. 2026-06-18
   days on market $585,000 Active 91 DOM
3. 2026-06-17
   days on market $585,000 Active 90 DOM
4. 2026-06-16
   days on market $585,000 Active 89 DOM
5. 2026-06-15
   days on market $585,000 Active 88 DOM
6. 2026-06-14
   days on market $585,000 Active 86 DOM
7. 2026-06-12
   days on market $585,000 Active 85 DOM
8. 2026-06-09
   days on market $585,000 Active 82 DOM
9. 2026-06-08
   days on market $585,000 Active 81 DOM
10. 2026-06-07
    days on market $585,000 Active 80 DOM
11. 2026-06-04
    days on market $585,000 Active 76 DOM
12. 2026-06-02
    days on market $585,000 Active 75 DOM
13. 2026-06-01
    days on market $585,000 Active 74 DOM
14. 2026-05-31
    days on market $585,000 Active 73 DOM
15. 2026-05-31
    days on market $585,000 Active 72 DOM
16. 2026-03-19
    listed $599,900 Active 741-char remark

    Show marketing remark (741 chars)

    Investment Opportunity in Jacksonville - 3 Duplex Buildings! Don't miss the excellent investment opportunity in the heart of the city. Each of the buildings offer 2 nice sized units with 2 bedrooms and 1 bath. Functional layout with ceramic tile flooring throughout, a comfortable family room, and a galley kitchen. Units are equipped with washer and dryer hookups and include additional interior storage space-ideal for long term tenants. Updates include roofs on all buildings in 2021, windows installed in 2022 and 2023, and asphalt parking pads in 2023. Currently at 100% occupancy. Solid rental potential in a growing market. Whether you're an experienced investor or just getting started, this is a must-see addition to your portfolio.

17. 2026-03-19
    listed $599,900 Active 741-char remark

    Show marketing remark (741 chars)

    Investment Opportunity in Jacksonville - 3 Duplex Buildings! Don't miss the excellent investment opportunity in the heart of the city. Each of the buildings offer 2 nice sized units with 2 bedrooms and 1 bath. Functional layout with ceramic tile flooring throughout, a comfortable family room, and a galley kitchen. Units are equipped with washer and dryer hookups and include additional interior storage space-ideal for long term tenants. Updates include roofs on all buildings in 2021, windows installed in 2022 and 2023, and asphalt parking pads in 2023. Currently at 100% occupancy. Solid rental potential in a growing market. Whether you're an experienced investor or just getting started, this is a must-see addition to your portfolio.

18. 2025-11-19
    historical
19. 2025-05-19
    listed $630,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 25 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 72% 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: $61,260
• − Mortgage interest: −$32,769
• − Property taxes: −$8,775
• − Insurance: −$2,925
• − Repairs & maintenance: −$4,901
• − Management: −$4,901
• − Depreciation: −$17,018
• Taxable loss: −$10,029
• Est. tax savings @ 24.0%: +$2,407
• After-tax cash flow: $2,289/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: Jacksonville ISD
• NCES district ID: 4824590
• Math proficiency: 31% ▼ -6.00%
• Reading proficiency: 39% ▲ 1.00%
• Median HH income: $37,097
• Composite: 29.09/100
• National rank: #6598
• State rank: #534 of 826 in TX

Livability — Jacksonville

• Score: 68/100
• State rank: #452
• US rank: #9160

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jacksonville, TX
• City population: 25,988
• Population (ZIP): 25,988

Population outlook (Cherokee County) Hauer SSP2

• Today (2025): 51,949 people
• By 2030: 51,984 · +0.1%
• By 2040: 51,780 · -0.3%
• By 2050: 51,085 · -1.7%
• By 2075: 47,418 · -8.7%
• By 2100: 39,464 · -24.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 53% Hispanic / Latino 31% Two or more races 16% Black 12% Native American 2%
• Hispanic origin (detail): Mexican 29%
• Common ancestry: Slovak 1% Lithuanian 1% Serbian 1%
• Foreign-born: 12% · Canada
• Languages at home: 74% English-only · Spanish 26% Tagalog/Filipino 1%

Political lean MEDSL · Cherokee

• 2024 margin: Solid R (+62.7) · D 18.3% · R 80.9%
• 2008→2024 swing: -19.5pp toward R · 2008: -43.2pp · 2024: -62.7pp
• All cycles: 2024: R+62.7 2020: R+55.8 2016: R+56.5 2012: R+51.0 2008: R+43.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -38.95%
• Current HPI: 197.5972
• 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

-4.8% since first listed

4 events — show timeline

• 2026-03-19 Listed $599,900 NTREIS
• 2026-03-19 Listed $599,900 GTAR
• 2025-11-19 Listing Removed — NTREIS
• 2025-05-19 Listed $630,000 NTREIS