1120 Bishop Rd · Burkburnett, TX 76354

$143,000

3 bd · 1.0 ba · 1,176 sqft · SingleFamily public records · 150 Days on market

Built 1952 $122/sqft · 8% below area Est $155k · 8% under

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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 +22.3/30.0
• ARV discount +11.0/15.0
• DSCR +7.2/10.0
• 1% rule +6.3/10.0
• Livability +3.5/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Super cute home perfect for a first-time homeowner! Updated kitchen, nice size yard, basement (stairs may need some TLC) for increment weather days, and much more. Huge living area with a wood burning fireplace surrounded in rock for cozy evening in winter time! Roof was replaced in 2022.

Key facts

• Nice size yard
• Updated kitchen
• Roof replaced

Tags

• UPDATED KITCHEN
• NICE SIZE YARD
• WOOD BURNING FIREPLACE
• ROOF REPLACED

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $143k.

Deal economics

• At list price, monthly cash flow is $236 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $143k).
• Recommended offer: $126k (12.0% 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: 71 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 231 units permitted in Wichita County in 2024 (10 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $989 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Wichita County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 150 days — a 12% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y 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

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• 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 $125,840 (12.0% below list)

Questions for the listing agent

1. It's been on market 150 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 1952 — 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: 1.13% ✓
• Cap rate: 8.28%
• Cash-on-cash: 7.08%
• DSCR: 1.32
• GRM: 7.4

CMA / ARV

• ARV (median comp): $154,977
• List price: $143,000
• Delta: -7.73%
• Verdict: FAIR
• Comps: 4 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1109 Ruby Rd	0.14mi	3/1.5	1,080 (-8%)	12mo	$159,900	$148	68
1002 E Beverly Loop	0.40mi	2/1.0 (-1)	1,251 (+6%)	8mo	$115,100	$92	59

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -5.4%
• Equity multiple: 0.80×
• Total profit: $-8,063
• Equity at exit: $21,322

10-year hold

• IRR: 4.3%
• Equity multiple: 1.31×
• Total profit: $12,590
• Equity at exit: $12,364

Cash invested: $40,040 (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 76354

• Home prices YoY: -34.5%
• Active inventory: 71
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,615 medium
• Mortgage (P&I): −$750
• Tax from tax record: −$230 /mo · $2,761/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$339
• Net cashflow: $236

Break-even live

Break-even rent $1,316

Max offer price $143,000

Occupancy floor 80%

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: $35,750
• Closing costs: $4,290
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1310 Eleanor St Burkburnett, TX	4.0	2.0	1403	$2,400	$1.71	43d	1	0.40mi
1505 Sheppard Rd #40 Burkburnett, TX	3.0	2.0	1120	$1,195	$1.07	43d	1	0.47mi
908 Sycamore Dr Burkburnett, TX	2.0	2.0	1194	$1,100	$0.92	43d	1	0.64mi

Listing history 21 events

1. 2026-06-19
   days on market $143,000 Active 150 DOM
2. 2026-06-18
   days on market $143,000 Active 149 DOM
3. 2026-06-17
   days on market $143,000 Active 148 DOM
4. 2026-06-16
   days on market $143,000 Active 147 DOM
5. 2026-06-15
   days on market $143,000 Active 146 DOM
6. 2026-06-14
   days on market $143,000 Active 144 DOM
7. 2026-06-13
   days on market $143,000 Active 143 DOM
8. 2026-06-10
   days on market $143,000 Active 141 DOM
9. 2026-06-09
   days on market $143,000 Active 140 DOM
10. 2026-06-08
    days on market $143,000 Active 139 DOM
11. 2026-06-07
    days on market $143,000 Active 138 DOM
12. 2026-06-05
    days on market $143,000 Active 135 DOM
13. 2026-06-03
    days on market $143,000 Active 134 DOM
14. 2026-06-02
    days on market $143,000 Active 133 DOM
15. 2026-06-01
    days on market $143,000 Active 132 DOM
16. 2026-05-31
    days on market $143,000 Active 131 DOM
17. 2026-05-30
    days on market $143,000 Active 130 DOM
18. 2026-05-03
    price $143,000 289-char remark

    Show marketing remark (289 chars)

    Super cute home perfect for a first-time homeowner! Updated kitchen, nice size yard, basement (stairs may need some TLC) for increment weather days, and much more. Huge living area with a wood burning fireplace surrounded in rock for cozy evening in winter time! Roof was replaced in 2022.

19. 2026-01-20
    listed $147,000 Active 289-char remark

    Show marketing remark (289 chars)

    Super cute home perfect for a first-time homeowner! Updated kitchen, nice size yard, basement (stairs may need some TLC) for increment weather days, and much more. Huge living area with a wood burning fireplace surrounded in rock for cozy evening in winter time! Roof was replaced in 2022.

20. 2023-02-21
    soldstatus 441-char remark

    Show marketing remark (441 chars)

    Remodeled and move in ready! This newly renovated home offers upgrades galore, including new interior/exterior paint, new carpet/vinyl flooring throughout , new appliances and fixtures, as well as a roof that was replaced in 2022! Home also has a storm cellar. Fencing is also being repaired by the seller! This home is ideal for a first time home buyer in a demanding price range. Schedule a showing today, because this one won't last long!

21. 2022-08-26
    listed $125,000 441-char remark

    Show marketing remark (441 chars)

    Remodeled and move in ready! This newly renovated home offers upgrades galore, including new interior/exterior paint, new carpet/vinyl flooring throughout , new appliances and fixtures, as well as a roof that was replaced in 2022! Home also has a storm cellar. Fencing is also being repaired by the seller! This home is ideal for a first time home buyer in a demanding price range. Schedule a showing today, because this one won't last long!

ⓘ 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: $2,761 · $230/mo
• Projected year-2 tax: $2,761 · $230/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: $19,381
• − Mortgage interest: −$8,010
• − Property taxes: −$2,761
• − Insurance: −$715
• − Repairs & maintenance: −$1,551
• − Management: −$1,551
• − Depreciation: −$4,160
• Taxable income: $634
• Est. tax owed @ 24.0%: −$152
• After-tax cash flow: $2,684/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): 11,822

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 (79%)
• Race & ethnicity: White 79% Hispanic / Latino 14% Two or more races 8% Black 1%
• Hispanic origin (detail): Mexican 11% Puerto Rican 1%
• Common ancestry: Slovak 5% Iranian 4% Italian 3%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 5% Other Indo-European 1%

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: ▼ -87.48%
• Current HPI: 166.3827
• 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

+14.4% since first listed

4 events — show timeline

• 2026-05-03 Price Changed $143,000 WFAOR
• 2026-01-20 Listed $147,000 WFAOR
• 2023-02-21 Sold (MLS) — WFAOR
• 2022-08-26 Listed $125,000 WFAOR

Property tax history

+6.6%/yr

Latest (2025): $2,761 · -1.5% YoY. Source: county tax records.