150 Oak Ridge Dr · Center Point, TX 78010

$295,000

3 bd · 2.0 ba · 1,152 sqft · SingleFamily public records · 29 Days on market

0.52 ac lot

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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 +21.6/30.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• Appreciation +5.6/10.0
• 1% rule +4.6/10.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Welcome to this stunning, newly renovated home nestled in the quaint and tranquil town of Center Point. Offering charm, comfort, and modern updates throughout, this inviting home features 3 bedrooms, 2 bathrooms, 1,152 sq. ft. of living space, plus a spacious carport. The primary bedroom offers two large closets, and a private en-suite bathroom. The heart of the home is in the spacious kitchen, complete with quartz countertops adorned with a beautiful tile backsplash, shaker-style cabinets, stainless steel appliances, and an island perfect for meal prep and entertaining. Step outside to enjoy the expansive 0.52-acre lot featuring a fully fenced backyard, perfect for relaxing and enjoying t

Key facts

• Quartz countertops
• Spacious kitchen
• Island for meal prep

Tags

• SPACIOUS KITCHEN
• QUARTZ COUNTERTOPS
• TILE BACKSPLASH
• SHAKER-STYLE CABINETS
• STAINLESS STEEL APPLIANCES
• ISLAND FOR MEAL PREP

Property features AI

Exterior

• Parking: Attached parking
• Utilities: Cable available; Septic tank
• Home design: Single-family residence; Residential property; 1 story
• Construction: Wood siding; Composition roof; Slab foundation; Built for single-family use
• Exterior features: Covered patio; Fenced yard; Level lot

Interior

• Kitchen: Dishwasher; Microwave; Electric range; Refrigerator
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Vinyl flooring; Covered patio; Fenced yard
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $295k.

Deal economics

• At list price, monthly cash flow is $450 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $284k (3.9% below list).
• Recommended offer: $284k (3.9% below list) — sets the bar for 1% rule.
• Cap rate 8.1% vs local median 2.0% in Center Point — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Center Point ISD (rural): math 36% / reading 47% proficiency, ranked #359 of 826 in TX (top 44%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Center Point El (math 42% / reading 37%, grade F, #1,545 of 4,322 statewide, top 38%, 265 students, 75% FRL).
• Market conditions: 73 active listings in the ZIP; 422 units permitted in Kerr County in 2024 (322 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($2k loan paydown + $3k appreciation (1.1% local appreciation)).
• Kerr County population projected at +15% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (1.1% appreciation + 3.0% rent growth), your $83k cash investment doubles in ~7 years — after that, you're playing with house money.
• By year 6, 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 29 days — a 2% lower offer ($291k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 52% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $283,559 (3.9% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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.
3. 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.
4. 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: 0.96% ✗
• Cap rate: 8.12%
• Cash-on-cash: 6.53%
• DSCR: 1.29
• GRM: 8.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

1.11% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 8.4%
• Equity multiple: 1.43×
• Total profit: $35,672
• Equity at exit: $102,433

10-year hold

• IRR: 12.3%
• Equity multiple: 2.51×
• Total profit: $124,902
• Equity at exit: $137,468

Cash invested: $82,600 (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 78010

• Home prices YoY: 0.5%
• Active inventory: 73
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $2,836 medium
• Mortgage (P&I): −$1,547
• Tax from tax record: −$120 /mo · $1,445/yr
• Insurance: −$123
• HOA: −$0
• Vacancy / Maint / Mgmt: −$595
• Net cashflow: $450

Break-even live

Break-even rent $2,266

Max offer price $295,000

Occupancy floor 79%

Sensitivity live

Price	-10% $617	-5% $533	+0% $450	+5% $366	+10% $283
Rent	-10% $226	-5% $338	+0% $450	+5% $562	+10% $674
Rate	-1.0pp $598	-0.5pp $525	base $450	+0.5pp $373	+1.0pp $296

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: $73,750
• Closing costs: $8,850
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-19
   days on market $295,000 Active 29 DOM
2. 2026-06-18
   days on market $295,000 Active 28 DOM
3. 2026-06-17
   days on market $295,000 Active 27 DOM
4. 2026-06-16
   days on market $295,000 Active 26 DOM
5. 2026-06-15
   days on market $295,000 Active 25 DOM
6. 2026-06-14
   days on market $295,000 Active 23 DOM
7. 2026-06-12
   pricedays on market $295,000 Active 22 DOM
8. 2026-06-09
   days on market $300,000 Active 19 DOM
9. 2026-06-08
   days on market $300,000 Active 18 DOM
10. 2026-06-07
    days on market $300,000 Active 17 DOM
11. 2026-06-05
    days on market $300,000 Active 14 DOM
12. 2026-06-03
    days on market $300,000 Active 13 DOM
13. 2026-06-02
    days on market $300,000 Active 12 DOM
14. 2026-06-01
    days on market $300,000 Active 11 DOM
15. 2026-05-31
    days on market $300,000 Active 10 DOM
16. 2026-05-30
    days on market $300,000 Active 9 DOM
17. 2026-05-21
    listed $300,000 Active
18. 2024-08-09
    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: $1,445 · $120/mo
• Projected year-2 tax: $5,398 · $450/mo
• Expected delta: +$3,953/yr (+$329/mo · 273.5%)

ⓘ 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 6/10 Major 7 d/yr ≥104°F today · 23 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 52% 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: $34,027
• − Mortgage interest: −$16,525
• − Property taxes: −$1,445
• − Insurance: −$1,475
• − Repairs & maintenance: −$2,722
• − Management: −$2,722
• − Depreciation: −$8,582
• Taxable income: $556
• Est. tax owed @ 24.0%: −$133
• After-tax cash flow: $5,263/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: Center Point ISD
• NCES district ID: 4813350
• Math proficiency: 36% ▼ -11.00%
• Reading proficiency: 47% ▲ 4.00%
• Median HH income: $47,127
• Composite: 35.42/100
• National rank: #4939
• State rank: #359 of 826 in TX

Livability — Center Point

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 3,819

Population outlook (Kerr County) Hauer SSP2

• Today (2025): 54,010 people
• By 2030: 55,651 · +3.0%
• By 2040: 58,923 · +9.1%
• By 2050: 62,117 · +15.0%
• By 2075: 71,809 · +33.0%
• By 2100: 77,004 · +42.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 54% Hispanic / Latino 38% Two or more races 26% Asian 1%
• Hispanic origin (detail): Mexican 36%
• Common ancestry: Romanian 5% Lithuanian 2% Serbian 2%
• Foreign-born: 15% · Canada, Jamaica
• Languages at home: 70% English-only · Spanish 30%

Political lean MEDSL · Kerr

• 2024 margin: Solid R (+54.3) · D 22.4% · R 76.8%
• 2008→2024 swing: -4.8pp toward R · 2008: -49.6pp · 2024: -54.3pp
• All cycles: 2024: R+54.3 2020: R+51.7 2016: R+56.3 2012: R+59.1 2008: R+49.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.11%
• Current HPI: 226.9684
• 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 events — show timeline

• 2026-05-21 Listed $300,000 KVMLS
• 2024-08-09 Sold (Public Records) — Public Records

Property tax history

+2.1%/yr

Latest (2025): $1,445 · +6.6% YoY. Source: county tax records.