617 N Electra St · Electra, TX 76360

$59,900

3 bd · 2.0 ba · 1,335 sqft · SingleFamily public records · 134 Days on market

Built 1935 $45/sqft · 105% above area ↓ 5% since listing

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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

Well-maintained, all-electric home in Electra offering 3 bedrooms, 2 bathrooms, and a comfortable living area. The home comes with all major appliances, including a refrigerator, oven, washer and dryer, plus a fully functioning central heat and air system. Move-in ready, affordable, and conveniently located just 25 minutes from Wichita Falls and Sheppard Air Force Base. Call today to book your home tour!

Key facts

• All electric cottage
• Built 1935
• Listed 133 days

Tags

• ALL ELECTRIC COTTAGE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $597 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $53k (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 $1k of equity ($414 loan paydown + $683 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 $17k 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 ($53k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1935 — 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 $52,712 (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 1935 — 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: 2.22% ✓
• Cap rate: 18.25%
• Cash-on-cash: 42.72%
• DSCR: 2.90
• GRM: 3.8

CMA / ARV

• ARV (median comp): $29,166
• List price: $59,900
• Delta: 105.37%
• Verdict: OVERPRICED
• Comps: 13 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
300 S Waggoner St	0.53mi	3/2.0	1,216 (-9%)	6mo	$16,900	$14	55
309 E Franklin Ave	0.17mi	3/2.0	1,155 (-14%)	24mo	$140,000	$121	50

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: 45.5%
• Equity multiple: 3.36×
• Total profit: $39,602
• Equity at exit: $20,886

10-year hold

• IRR: 47.2%
• Equity multiple: 6.69×
• Total profit: $95,386
• Equity at exit: $28,096

Cash invested: $16,772 (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: 3.8×

Monthly cashflow live

• Estimated rent: $1,328 medium
• Mortgage (P&I): −$314
• Tax from tax record: −$113 /mo · $1,357/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $597

Break-even live

Break-even rent $572

Max offer price $59,900

Occupancy floor 50%

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $59,900 Active 134 DOM
2. 2026-06-17
   days on market $59,900 Active 133 DOM
3. 2026-06-16
   days on market $59,900 Active 132 DOM
4. 2026-06-15
   days on market $59,900 Active 131 DOM
5. 2026-06-13
   days on market $59,900 Active 129 DOM
6. 2026-06-12
   days on market $59,900 Active 128 DOM
7. 2026-06-09
   days on market $59,900 Active 125 DOM
8. 2026-06-08
   days on market $59,900 Active 124 DOM
9. 2026-06-08
   days on market $59,900 Active 123 DOM
10. 2026-06-07
    days on market $59,900 Active 122 DOM
11. 2026-06-03
    days on market $59,900 Active 119 DOM
12. 2026-06-02
    days on market $59,900 Active 118 DOM
13. 2026-06-01
    days on market $59,900 Active 117 DOM
14. 2026-05-31
    days on market $59,900 Active 116 DOM
15. 2026-04-30
    price $59,900 407-char remark

    Show marketing remark (407 chars)

    Well-maintained, all-electric home in Electra offering 3 bedrooms, 2 bathrooms, and a comfortable living area. The home comes with all major appliances, including a refrigerator, oven, washer and dryer, plus a fully functioning central heat and air system. Move-in ready, affordable, and conveniently located just 25 minutes from Wichita Falls and Sheppard Air Force Base. Call today to book your home tour!

16. 2026-02-04
    listed $62,900 Active 407-char remark

    Show marketing remark (407 chars)

    Well-maintained, all-electric home in Electra offering 3 bedrooms, 2 bathrooms, and a comfortable living area. The home comes with all major appliances, including a refrigerator, oven, washer and dryer, plus a fully functioning central heat and air system. Move-in ready, affordable, and conveniently located just 25 minutes from Wichita Falls and Sheppard Air Force Base. Call today to book your home tour!

17. 2018-03-19
    soldstatus
18. 2011-06-15
    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: $1,357 · $113/mo
• Projected year-2 tax: $1,357 · $113/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 · 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: $15,938
• − Mortgage interest: −$3,355
• − Property taxes: −$1,357
• − Insurance: −$300
• − Repairs & maintenance: −$1,275
• − Management: −$1,275
• − Depreciation: −$1,743
• Taxable income: $6,633
• Est. tax owed @ 24.0%: −$1,592
• After-tax cash flow: $5,573/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

-4.8% since first listed

4 events — show timeline

• 2026-04-30 Price Changed $59,900 WFAOR
• 2026-02-04 Listed $62,900 WFAOR
• 2018-03-19 Sold (Public Records) — Public Records
• 2011-06-15 Sold (Public Records) — Public Records

Property tax history

+10.5%/yr

Latest (2025): $1,357 · +9.9% YoY. Source: county tax records.