913 S Preston Rd · Burkburnett, TX 76367

$164,500

3 bd · 2.0 ba · 1,810 sqft · SingleFamily public records · 65 Days on market

Built 1968 $91/sqft · 21% below area Est $207k · 21% under ↓ 3% since listing

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Why this score? — see what drove the A 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• Livability +3.5/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

First time on the market since 1970, 913 S. Preston is timeless country character meets small community living in Burkburnett. This 3 bedroom, 2 bath home features copper gutters, Sunburst Gingerbread trim & wood-paneled walls. Unwind in the Saltillo-tiled den in front of the stone fireplace or in your rocking chair on the boardwalk porch. A gardener's delight, enjoy a potting shed and hobby barn nestled among heirloom perennials and a large canopy of trees. Being sold AS-IS. Crimson Shults 940.249.1777

Key facts

• Boardwalk porch
• Saltillo-tiled den
• Stone fireplace

Tags

• COPPER GUTTERS
• SUNBURST GINGERBREAD TRIM
• WOOD-PANELED WALLS
• SALTILLO-TILED DEN
• STONE FIREPLACE
• BOARDWALK PORCH

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $164k.

Deal economics

• At list price, monthly cash flow is $694 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $164k).
• Recommended offer: $155k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 70/100 on livability (#345 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: health & safety C-, employment D+, schools D.
• Burkburnett ISD (town): math 35% / reading 32% proficiency, ranked #529 of 826 in TX (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 63 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 231 units permitted in Wichita County in 2024 (10 in 5+ unit buildings).

Forward outlook

• In year one you build about $18k of equity ($1k loan paydown + $16k appreciation (10.0% 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 (10.0% appreciation + 3.0% rent growth), your $46k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$45k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($155k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price.
• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $154,630 (6.0% below list)

Questions for the listing agent

1. It's been on market 65 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — 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. 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?
7. 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.
8. 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.
9. 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: 1.52% ✓
• Cap rate: 11.35%
• Cash-on-cash: 18.07%
• DSCR: 1.80
• GRM: 5.5

CMA / ARV

• ARV (median comp): $207,081
• List price: $164,500
• Delta: -20.56%
• Verdict: UNDERPRICED
• Comps: 11 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
827 Coulter Dr	0.37mi	2/2.0 (-1)	1,772 (-2%)	14mo	$299,999	$169	63

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: 37.7%
• Equity multiple: 3.91×
• Total profit: $133,889
• Equity at exit: $148,195

10-year hold

• IRR: 32.5%
• Equity multiple: 8.81×
• Total profit: $359,796
• Equity at exit: $319,587

Cash invested: $46,060 (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 76367

• Home prices YoY: 6.7%
• Active inventory: 63
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $2,500 medium
• Mortgage (P&I): −$863
• Tax from tax record: −$350 /mo · $4,203/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$525
• Net cashflow: $694

Break-even live

Break-even rent $1,622

Max offer price $164,500

Occupancy floor 67%

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: $41,125
• Closing costs: $4,935
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
805 Aztec Dr Burkburnett, TX	3.0	2.0	2178	$2,500	$1.15	44d	1	0.55mi

Listing history 19 events

1. 2026-06-19
   days on market $164,500 Active 65 DOM
2. 2026-06-18
   days on market $164,500 Active 64 DOM
3. 2026-06-17
   days on market $164,500 Active 63 DOM
4. 2026-06-16
   days on market $164,500 Active 62 DOM
5. 2026-06-15
   days on market $164,500 Active 61 DOM
6. 2026-06-14
   days on market $164,500 Active 59 DOM
7. 2026-06-13
   days on market $164,500 Active 58 DOM
8. 2026-06-10
   days on market $164,500 Active 56 DOM
9. 2026-06-09
   days on market $164,500 Active 55 DOM
10. 2026-06-08
    days on market $164,500 Active 54 DOM
11. 2026-06-07
    days on market $164,500 Active 53 DOM
12. 2026-06-05
    days on market $164,500 Active 50 DOM
13. 2026-06-03
    days on market $164,500 Active 49 DOM
14. 2026-06-02
    days on market $164,500 Active 48 DOM
15. 2026-06-01
    days on market $164,500 Active 47 DOM
16. 2026-05-31
    days on market $164,500 Active 46 DOM
17. 2026-05-30
    days on market $164,500 Active 45 DOM
18. 2026-05-13
    price $164,500 514-char remark

    Show marketing remark (514 chars)

    First time on the market since 1970, 913 S. Preston is timeless country character meets small community living in Burkburnett. This 3 bedroom, 2 bath home features copper gutters, Sunburst Gingerbread trim & wood-paneled walls. Unwind in the Saltillo-tiled den in front of the stone fireplace or in your rocking chair on the boardwalk porch. A gardener's delight, enjoy a potting shed and hobby barn nestled among heirloom perennials and a large canopy of trees. Being sold AS-IS. Crimson Shults 940.249.1777

19. 2026-04-15
    listed $169,000 Active 514-char remark

    Show marketing remark (514 chars)

    First time on the market since 1970, 913 S. Preston is timeless country character meets small community living in Burkburnett. This 3 bedroom, 2 bath home features copper gutters, Sunburst Gingerbread trim & wood-paneled walls. Unwind in the Saltillo-tiled den in front of the stone fireplace or in your rocking chair on the boardwalk porch. A gardener's delight, enjoy a potting shed and hobby barn nestled among heirloom perennials and a large canopy of trees. Being sold AS-IS. Crimson Shults 940.249.1777

ⓘ 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: $4,203 · $350/mo
• Projected year-2 tax: $4,203 · $350/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 8/10 Severe
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% 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: $30,000
• − Mortgage interest: −$9,215
• − Property taxes: −$4,203
• − Insurance: −$822
• − Repairs & maintenance: −$2,400
• − Management: −$2,400
• − Depreciation: −$4,785
• Taxable income: $6,174
• Est. tax owed @ 24.0%: −$1,482
• After-tax cash flow: $6,841/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: Burkburnett ISD
• NCES district ID: 4812120
• Math proficiency: 35% ▼ -6.00%
• Reading proficiency: 32% ▼ -6.00%
• Median HH income: $53,346
• Composite: 29.44/100
• National rank: #6519
• State rank: #529 of 826 in TX

Livability — Burkburnett

• Score: 70/100
• State rank: #345
• US rank: #7548

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Burkburnett, TX
• Population (ZIP): 14,013

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 (70%)
• Race & ethnicity: White 70% Hispanic / Latino 16% Black 10% Two or more races 8% Asian 1% Native American 1%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Lithuanian 1% Portuguese 1% Slovak 1%
• Foreign-born: 4% · Canada, Vietnam
• 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: ▲ 24.29%
• Current HPI: 387.78
• 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

-2.7% since first listed

2 events — show timeline

• 2026-05-13 Price Changed $164,500 WFAOR
• 2026-04-15 Listed $169,000 WFAOR

Property tax history

+5.0%/yr

Latest (2025): $4,203 · +11.2% YoY. Source: county tax records.