3006 Cordova Dr · Temple, TX 76502

$199,700

4 bd · 2.0 ba · 1,427 sqft · SingleFamily public records · 35 Days on market

Built 1966 0.26 ac lot $140/sqft · 14% below area Est $233k · 14% under

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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).

• ARV discount +13.9/15.0
• Cash flow +9.5/30.0
• 1% rule +3.9/10.0
• Livability +3.8/5.0
• DSCR +2.7/10.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

Lovely 4 bedroom, 2 Bath home situated in an established neighborhood within minutes from I-35, shopping, hospital and more. The front porch welcomes you into a foyer with vintage tile. A spacious living room with a bank of window offering natural light is perfect for gatherings or can serve as quiet retreat. Continue forward to find a hallway leading to the primary bedroom, two secondary bedrooms and a hall bath. The back of the house boasts a large family room open to the kitchen. Other interior features include the laundry room that leads to a fourth bedroom with a large closet. Enjoy the private setting the covered patio with privacy fence enclosure offers. Recent improvements include i

Key facts

• Large family room
• Covered patio
• Interior tile

Tags

• ESTABLISHED NEIGHBORHOOD
• VINTAGE TILE
• LARGE FAMILY ROOM
• COVERED PATIO
• PRIVACY FENCE ENCLOSURE
• INTERIOR TILE

Property features AI

Finance

• HOA & community: Curbs

Exterior

• Parking: 1-car garage with garage door opener
• Utilities: Public water; High-speed internet available
• Home design: Single-story home; Resale property
• Construction: Brick veneer and HardiPlank/masonry exterior; Composition/shingle roof; Slab foundation; Built in (year per assessor)
• Exterior features: Covered patio; Patio; Storage; Back yard fencing (chain link, privacy, wood)

Interior

• Kitchen: Dishwasher; Electric range; Oven; Built-in oven; Refrigerator; Range
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Central air conditioning (electric, one unit)
• Interior features: Ceiling fans; Double vanity; Entrance foyer; Breakfast bar; Breakfast area / eat-in kitchen; Kitchen open to family room; Kitchen / dining combo; Storm door(s); See remarks
• Laundry & utility: Laundry room inside; Water heater; Some electric appliances

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $-140 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $175k (12.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $177k (11.2% below list).
• Recommended offer: $175k (12.4% below list) — sets the bar for cash-flow.
• Cap rate 5.5% vs local median 3.6% in Temple — 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 75/100 on livability (#122 in TX, #3,814 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, commute C-, crime D+.
• Temple ISD (urban): math 32% / reading 31% proficiency, ranked #590 of 826 in TX (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-0.8%/yr); 1114 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,222 units permitted in Bell County in 2024 (246 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Bell County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 15y 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

• Climate carrying-cost: major wind risk, 71% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $174,949 (12.4% 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 35 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 0.89% ✗
• Cap rate: 5.45%
• Cash-on-cash: -3.01%
• DSCR: 0.87
• GRM: 9.4

CMA / ARV

• ARV (median comp): $232,971
• List price: $199,700
• Delta: -14.28%
• 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
3222 Rosewood Dr	0.44mi	3/2.0 (-1)	1,344 (-6%)	5mo	$174,000	$129	61
4105 Wren Rd	0.38mi	3/2.0 (-1)	1,541 (+8%)	5mo	$221,000	$143	60
4417 Briarwood Dr	0.50mi	3/2.0 (-1)	1,362 (-5%)	8mo	$144,000	$106	57
4409 Briarwood Dr	0.48mi	4/2.0	1,317 (-8%)	9mo	$200,000	$152	57
3901 Lark Trl	0.46mi	3/2.0 (-1)	1,558 (+9%)	3mo	$125,000	$80	56
3113 Lawnwood Dr	0.49mi	3/2.0 (-1)	1,305 (-8%)	3mo	$173,500	$133	55
3910 Hickory Rd	0.59mi	3/2.0 (-1)	1,521 (+7%)	5mo	$193,500	$127	52
4508 Briar Cliff Rd	0.52mi	3/2.0 (-1)	1,549 (+8%)	5mo	$210,000	$136	52
4010 Valley View Dr	0.69mi	3/2.0 (-1)	1,498 (+5%)	4mo	$203,900	$136	51
3925 Loop Dr	0.70mi	3/2.0 (-1)	1,397 (-2%)	14mo	$239,900	$172	47
3106 Lawnwood Dr	0.53mi	3/2.0 (-1)	1,240 (-13%)	10mo	$155,000	$125	40
3806 Brooklawn Dr	0.60mi	3/2.0 (-1)	1,569 (+10%)	13mo	$259,000	$165	39

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

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -25.1%
• Equity multiple: 0.17×
• Total profit: $-46,354
• Equity at exit: $29,776

10-year hold

• IRR: -36.3%
• Equity multiple: -0.28×
• Total profit: $-71,427
• Equity at exit: $17,266

Cash invested: $55,916 (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 76502

• Rents YoY: -0.8%
• Active inventory: 1114
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,773 high
• Mortgage (P&I): −$1,047
• Tax from tax record: −$410 /mo · $4,925/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$372
• Net cashflow: $-140

Break-even live

Break-even rent $1,950

Max offer price $174,949

Occupancy floor —

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: $49,925
• Closing costs: $5,991
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2506 Blue Jay Dr Temple, TX	4.0	2.0	1549	$1,650	$1.07	43d	1	0.51mi
2909 Oakdale Dr Temple, TX	3.0	2.0	1732	$1,600	$0.92	43d	1	0.53mi
3301 East Dr Temple, TX	3.0	2.0	1457	$3,900	$2.68	43d	1	0.62mi
1926 S 55th St Temple, TX	3.0	1.0	1005	$1,295	$1.29	43d	1	1.02mi
2106 S 47th St Temple, TX	3.0	2.0	1498	$1,645	$1.10	13d	1	1.18mi
1506 Live Oak Dr Temple, TX	3.0	2.0	1571	$1,475	$0.94	43d	1	1.29mi
1817 S 45th St Temple, TX	3.0	2.0	1288	$1,495	$1.16	23d	1	1.34mi
3809 Lancelot Ln Temple, TX	3.0	2.0	1397	$1,645	$1.18	43d	1	1.40mi
2102 Scott Blvd Temple, TX	1.0–3.0	1.0–2.0	924	$2,165	$2.34	13d	22	1.42mi
4713 Stagecoach Trl Temple, TX	3.0	2.0	1808	$1,650	$0.91	43d	1	1.45mi
2510 S 31st St Temple, TX	1.0–3.0	1.0–2.0	987	$1,640	$1.66	13d	26	1.46mi
1914 Buckskin Trl Temple, TX	3.0	2.0	1406	$1,675	$1.19	43d	1	1.49mi

Listing history 18 events

1. 2026-06-18
   days on market $199,700 Active 35 DOM
2. 2026-06-17
   days on market $199,700 Active 34 DOM
3. 2026-06-16
   days on market $199,700 Active 33 DOM
4. 2026-06-15
   days on market $199,700 Active 32 DOM
5. 2026-06-14
   pricedays on market $199,700 Active 30 DOM
6. 2026-06-10
   days on market $204,000 Active 27 DOM
7. 2026-06-09
   days on market $204,000 Active 26 DOM
8. 2026-06-08
   days on market $204,000 Active 25 DOM
9. 2026-06-07
   days on market $204,000 Active 24 DOM
10. 2026-06-03
    days on market $204,000 Active 20 DOM
11. 2026-06-02
    days on market $204,000 Active 19 DOM
12. 2026-06-01
    days on market $204,000 Active 18 DOM
13. 2026-05-31
    days on market $204,000 Active 17 DOM
14. 2026-05-30
    days on market $204,000 Active 16 DOM
15. 2026-05-14
    listed $204,000 Active 771-char remark
16. 2013-08-30
    soldstatus
17. 2011-10-01
    listed $105,000
18. 2006-10-10
    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: $4,925 · $410/mo
• Projected year-2 tax: $4,925 · $410/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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 71% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,277
• − Mortgage interest: −$11,186
• − Property taxes: −$4,925
• − Insurance: −$998
• − Repairs & maintenance: −$1,702
• − Management: −$1,702
• − Depreciation: −$5,809
• Taxable loss: −$5,046
• Est. tax savings @ 24.0%: +$1,211
• After-tax cash flow: $-470/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: Temple ISD
• NCES district ID: 4842330
• Math proficiency: 32% ▼ -8.00%
• Reading proficiency: 31% ▼ -4.00%
• Median HH income: $43,120
• Composite: 26.8/100
• National rank: #7123
• State rank: #590 of 826 in TX

Livability — Temple

• Score: 75/100
• State rank: #122
• US rank: #3814

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Temple, TX
• County: Bell County · 345,090 people
• City population: 96,587
• Metro: Killeen-Temple, TX
• Population (ZIP): 52,669
• Household income: $82,088
• Rent vs Own: 35.9% rent · 64.1% own
• Severe rent burden: 1890.0

Population outlook (Bell County) Hauer SSP2

• Today (2025): 371,114 people
• By 2030: 389,104 · +4.8%
• By 2040: 420,592 · +13.3%
• By 2050: 447,779 · +20.7%
• By 2075: 499,130 · +34.5%
• By 2100: 505,680 · +36.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 58% Hispanic / Latino 26% Two or more races 15% Black 9% Asian 3%
• Hispanic origin (detail): Mexican 21% Puerto Rican 2%
• Common ancestry: Italian 2% Slovak 2% Serbian 1%
• Foreign-born: 7% · Canada, South Korea, China
• Languages at home: 86% English-only · Spanish 10% Other Indo-European 1% Korean 1%

Political lean MEDSL · Bell

• 2024 margin: R (+16.2) · D 41.3% · R 57.6% · Other 1.1%
• 2008→2024 swing: -6.5pp toward R · 2008: -9.8pp · 2024: -16.2pp
• All cycles: 2024: R+16.2 2020: R+8.5 2016: R+15.1 2012: R+16.4 2008: R+9.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -216.80%
• Current HPI: 166.927
• Rent YoY: ▼ -0.79%
• Metro: Killeen-Temple, TX
• 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

+90.2% since first listed

5 events — show timeline

• 2026-06-11 Price Changed $199,700 CTXMLS
• 2026-05-14 Listed $204,000 CTXMLS
• 2013-08-30 Sold (Public Records) — Public Records
• 2011-10-01 Listed $105,000 CTXMLS
• 2006-10-10 Sold (Public Records) — Public Records

Property tax history

+5.7%/yr

Latest (2026): $4,925 · +10.0% YoY. Source: county tax records.