305 Highland Dr · Burnet, TX 78611

$159,900

3 bd · 1.0 ba · 1,014 sqft · SingleFamily public records · 249 Days on market

Built 1970 9,165 sqft lot $158/sqft · 27% below area Est $220k · 27% under ↓ 9% since listing

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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 +19.4/30.0
• ARV discount +15.0/15.0
• DSCR +6.1/10.0
• 1% rule +5.5/10.0
• Livability +3.8/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming single-story brick home in the desirable Highland Acres neighborhood. This home offers an open-concept layout connecting the kitchen, dining, and living areas, perfect for everyday living and entertaining. Enjoy outdoor living on the spacious lot featuring a screened porch, fenced backyard, and storage shed for extra convenience. Located just minutes from downtown Burnet, you’ll love being close to shopping, dining, and beautiful Wallace Riddell Park. A great opportunity to own an affordable home in a prime location!

Key facts

• Storage shed
• Screened porch
• Fenced backyard

Tags

• OPEN-CONCEPT LAYOUT
• SCREENED PORCH
• FENCED BACKYARD
• STORAGE SHED
• HIGHLAND ACRES NEIGHBORHOOD
• CLOSE TO SHOPPING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $180 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $141k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 3.1% in Burnet — 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 76/100 on livability (#101 in TX, #3,384 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• Burnet CISD (rural): math 36% / reading 38% proficiency, ranked #465 of 826 in TX (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 554 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d 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; 891 units permitted in Burnet County in 2024 (76 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 $5k of value loss. Plan a longer hold.
• Burnet County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 249 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 59% 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 $140,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 249 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 1970 — 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 F-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: 1.05% ✓
• Cap rate: 7.64%
• Cash-on-cash: 4.81%
• DSCR: 1.21
• GRM: 7.9

CMA / ARV

• ARV (median comp): $219,861
• List price: $159,900
• Delta: -25.91%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
307 Highland Dr	0.01mi	3/1.0	1,084 (+7%)	19mo	$187,000	$173	72
314 Julie St	0.22mi	2/1.0 (-1)	1,036 (+2%)	14mo	$245,000	$236	69
709 N Rhomberg St	0.28mi	3/1.0	900 (-11%)	9mo	$155,000	$172	61
1207 E Live Oak St	0.63mi	3/1.0	960 (-5%)	8mo	$98,000	$102	55
505 Pierce	0.46mi	3/1.5	1,116 (+10%)	10mo	$195,000	$175	51
507 S Boundary St	0.64mi	2/2.0 (-1)	975 (-4%)	6mo	$215,000	$221	50
106 E Graves St	0.67mi	2/1.0 (-1)	1,048 (+3%)	14mo	$239,500	$229	46
209 E Kerr St	0.42mi	3/3.0	1,140 (+12%)	7mo	$289,000	$254	46
809 N West St	0.75mi	3/2.0	1,032 (+2%)	15mo	$130,000	$126	46
716 N Pierce St	0.56mi	2/1.0 (-1)	874 (-14%)	9mo	$220,000	$252	39
501 S Pierce St	0.69mi	3/1.0	880 (-13%)	23mo	$220,000	$250	26

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: -8.8%
• Equity multiple: 0.68×
• Total profit: $-14,419
• Equity at exit: $23,842

10-year hold

• IRR: 0.8%
• Equity multiple: 1.05×
• Total profit: $2,389
• Equity at exit: $13,825

Cash invested: $44,772 (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 78611

• Home prices YoY: -24.7%
• Active inventory: 554
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,683 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$245 /mo · $2,942/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$354
• Net cashflow: $180

Break-even live

Break-even rent $1,456

Max offer price $159,900

Occupancy floor 84%

Sensitivity live

Price	-10% $270	-5% $225	+0% $180	+5% $134	+10% $89
Rent	-10% $47	-5% $113	+0% $180	+5% $246	+10% $313
Rate	-1.0pp $260	-0.5pp $220	base $180	+0.5pp $138	+1.0pp $96

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
703 Northington St Burnet, TX	3.0	1.0	1170	$1,395	$1.19	44d	1	0.34mi
1503 N Water St Burnet, TX	3.0	1.0	1309	$1,395	$1.07	44d	1	1.10mi
102 Cailin Ct Burnet, TX	4.0	2.0	1494	$2,000	$1.34	25d	1	1.39mi

Listing history 28 events

1. 2026-06-21
   pricedays on market $159,900 Active 249 DOM
2. 2026-06-18
   days on market $162,900 Active 246 DOM
3. 2026-06-17
   days on market $162,900 Active 245 DOM
4. 2026-06-16
   days on market $162,900 Active 244 DOM
5. 2026-06-15
   days on market $162,900 Active 243 DOM
6. 2026-06-13
   days on market $162,900 Active 241 DOM
7. 2026-06-09
   days on market $162,900 Active 237 DOM
8. 2026-06-08
   days on market $162,900 Active 236 DOM
9. 2026-06-07
   days on market $162,900 Active 235 DOM
10. 2026-06-04
    days on market $162,900 Active 232 DOM
11. 2026-06-03
    days on market $162,900 Active 231 DOM
12. 2026-06-02
    days on market $162,900 Active 230 DOM
13. 2026-06-01
    days on market $162,900 Active 229 DOM
14. 2026-05-31
    days on market $162,900 Active 228 DOM
15. 2026-05-04
    price $162,900 537-char remark

    Show marketing remark (537 chars)

    Charming single-story brick home in the desirable Highland Acres neighborhood. This home offers an open-concept layout connecting the kitchen, dining, and living areas, perfect for everyday living and entertaining. Enjoy outdoor living on the spacious lot featuring a screened porch, fenced backyard, and storage shed for extra convenience. Located just minutes from downtown Burnet, you’ll love being close to shopping, dining, and beautiful Wallace Riddell Park. A great opportunity to own an affordable home in a prime location!

16. 2026-03-20
    price $164,900 537-char remark

    Show marketing remark (537 chars)

    Charming single-story brick home in the desirable Highland Acres neighborhood. This home offers an open-concept layout connecting the kitchen, dining, and living areas, perfect for everyday living and entertaining. Enjoy outdoor living on the spacious lot featuring a screened porch, fenced backyard, and storage shed for extra convenience. Located just minutes from downtown Burnet, you’ll love being close to shopping, dining, and beautiful Wallace Riddell Park. A great opportunity to own an affordable home in a prime location!

17. 2026-02-19
    historical
18. 2026-02-03
    price $169,900

    Show marketing remark (537 chars)

    Charming single-story brick home in the desirable Highland Acres neighborhood. This home offers an open-concept layout connecting the kitchen, dining, and living areas, perfect for everyday living and entertaining. Enjoy outdoor living on the spacious lot featuring a screened porch, fenced backyard, and storage shed for extra convenience. Located just minutes from downtown Burnet, you’ll love being close to shopping, dining, and beautiful Wallace Riddell Park. A great opportunity to own an affordable home in a prime location!

19. 2026-02-03
    price $169,900 537-char remark

    Show marketing remark (537 chars)

    Charming single-story brick home in the desirable Highland Acres neighborhood. This home offers an open-concept layout connecting the kitchen, dining, and living areas, perfect for everyday living and entertaining. Enjoy outdoor living on the spacious lot featuring a screened porch, fenced backyard, and storage shed for extra convenience. Located just minutes from downtown Burnet, you’ll love being close to shopping, dining, and beautiful Wallace Riddell Park. A great opportunity to own an affordable home in a prime location!

20. 2026-01-02
    listed $174,900 Active
21. 2026-01-02
    historical
22. 2025-12-08
    price $174,900 537-char remark

    Show marketing remark (537 chars)

    Charming single-story brick home in the desirable Highland Acres neighborhood. This home offers an open-concept layout connecting the kitchen, dining, and living areas, perfect for everyday living and entertaining. Enjoy outdoor living on the spacious lot featuring a screened porch, fenced backyard, and storage shed for extra convenience. Located just minutes from downtown Burnet, you’ll love being close to shopping, dining, and beautiful Wallace Riddell Park. A great opportunity to own an affordable home in a prime location!

23. 2025-12-07
    price $174,900
24. 2025-11-03
    listed $179,000 Active
25. 2025-10-15
    listed $179,000 Active 537-char remark

    Show marketing remark (537 chars)

    Charming single-story brick home in the desirable Highland Acres neighborhood. This home offers an open-concept layout connecting the kitchen, dining, and living areas, perfect for everyday living and entertaining. Enjoy outdoor living on the spacious lot featuring a screened porch, fenced backyard, and storage shed for extra convenience. Located just minutes from downtown Burnet, you’ll love being close to shopping, dining, and beautiful Wallace Riddell Park. A great opportunity to own an affordable home in a prime location!

26. 2025-10-14
    soldstatus
27. 2010-09-14
    soldstatus
28. 1998-06-12
    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: $2,942 · $245/mo
• Projected year-2 tax: $2,942 · $245/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 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥104°F today · 23 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 59% 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: $20,201
• − Mortgage interest: −$8,957
• − Property taxes: −$2,942
• − Insurance: −$800
• − Repairs & maintenance: −$1,616
• − Management: −$1,616
• − Depreciation: −$4,652
• Taxable loss: −$381
• Est. tax savings @ 24.0%: +$91
• After-tax cash flow: $2,247/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: Burnet CISD
• NCES district ID: 4812220
• Math proficiency: 36% ▼ -3.00%
• Reading proficiency: 38% ▬ 0.00%
• Median HH income: $50,890
• Composite: 32.09/100
• National rank: #5811
• State rank: #465 of 826 in TX

Livability — Burnet

• Score: 76/100
• State rank: #101
• US rank: #3384

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Burnet, TX
• County: Burnet County · 35,210 people
• City population: 14,560
• Metro: nan
• Population (ZIP): 14,560
• Household income: $80,938
• Rent vs Own: 19.7% rent · 80.3% own
• Severe rent burden: 218.0

Population outlook (Burnet County) Hauer SSP2

• Today (2025): 50,492 people
• By 2030: 52,995 · +5.0%
• By 2040: 57,528 · +13.9%
• By 2050: 61,444 · +21.7%
• By 2075: 71,098 · +40.8%
• By 2100: 74,634 · +47.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 16% Two or more races 9% Black 3%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Italian 4% Slovak 3% Serbian 2%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 91% English-only · Spanish 8% Vietnamese 1%

Political lean MEDSL · Burnet

• 2024 margin: Solid R (+55.7) · D 21.7% · R 77.4%
• 2008→2024 swing: -11.6pp toward R · 2008: -44.1pp · 2024: -55.7pp
• All cycles: 2024: R+55.7 2020: R+53.1 2016: R+56.8 2012: R+54.6 2008: R+44.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -83.25%
• Current HPI: 253.5299
• Rent YoY: —
• Metro: nan
• 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

-9.0% since first listed

14 events — show timeline

• 2026-05-04 Price Changed $162,900 Unlock MLS
• 2026-03-20 Price Changed $164,900 Unlock MLS
• 2026-02-19 Listing Removed — HARMLS
• 2026-02-03 Price Changed $169,900 HARMLS
• 2026-02-03 Price Changed $169,900 Unlock MLS
• 2026-01-02 Listing Removed — HARMLS
• 2026-01-02 Listed $174,900 HARMLS
• 2025-12-08 Price Changed $174,900 Unlock MLS
• 2025-12-07 Price Changed $174,900 HARMLS
• 2025-11-03 Listed $179,000 HARMLS
• 2025-10-15 Listed $179,000 Unlock MLS
• 2025-10-14 Sold (Public Records) — Public Records
• 2010-09-14 Sold (Public Records) — Public Records
• 1998-06-12 Sold (Public Records) — Public Records

Property tax history

+5.3%/yr

Latest (2026): $2,942 · +0.0% YoY. Source: county tax records.