915 N Bridge St · Henrietta, TX 76354

$28,000

2 bd · 2.0 ba · 988 sqft · SingleFamily public records · 6 Days on market

Built 1930 ↓ 38% since listing

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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).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.1/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

HOME APPEARS TO HAVE STRONG FRAMING TYPICAL OF 1970'S MATERIAL. The roof was replaced 20 yrs. ago. Expect roof inspection for lender. it has a couple of places repaired with a different color shingle. the vinyl siding appears to be firmly attached. At least two windows need trim. The front porch is as wide as the home and covered with extended roof. The porch slab is solid. There is attic space that served as a bedroom for the now adult son not living there anymore. The home was warm with gas heaters when i inspected it. All the natural gas lines were replaced less than 8 years ago and a new 40gal water heater was installed 1yr+. The drop down ceiling was taken down and it degrades the appearance inside. House needs a lot of cosmetic work. Imagine inexpensive livable dwelling without cosmetic effects. Could be torn down rebuild new. Large lot on corner is hard to find in existing neighborhoods. Very popular location because the Clay County Pioneer Rodeo Grounds are on N. Bridge street.

Key facts

• New doors
• Large corner lot
• Newer roof

Tags

• LARGE CORNER LOT
• NEWER WINDOWS
• NEWER ROOF
• NEW DOORS
• OPENED UP 2ND FLOOR

Property features AI

Exterior

• Home design: Single-family residence
• Construction: Single-family construction
• Exterior features: Residential single-family property

Interior

• Interior features: Located in the Fairview subdivision; Located in the Henrietta school district

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $28k.

Deal economics

• At list price, monthly cash flow is $700 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $28k).
• Cap rate 36.3% vs local median 3.1% in Henrietta — 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 70/100 on livability (#379 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Henrietta ISD (rural): math 47% / reading 48% proficiency, ranked #219 of 826 in TX (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Henrietta El (math 47% / reading 47%, grade D-, #1,006 of 4,322 statewide, top 25%, 481 students, 53% FRL); Henrietta Middle (math 50% / reading 43%, grade D+, #443 of 1,662 statewide, top 28%, 226 students, 48% FRL); Henrietta H S (math 37% / reading 72%, grade C-, #379 of 1,632 statewide, top 26%, 287 students, 36% FRL).
• Market conditions: 73 active listings in the ZIP; 13 units permitted in Clay County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $194 of loan paydown is wiped out by about $840 of value loss. Plan a longer hold.
• Clay County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 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: property tax is 2.7% of price; built in 1930 — 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 $28,000

Questions for the listing agent

1. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 4.17% ✓
• Cap rate: 36.31%
• Cash-on-cash: 107.22%
• DSCR: 5.77
• GRM: 2.0

CMA / ARV

• ARV (on-the-fly): $117,572
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
315 N Hook	0.67mi	3/1.0 (+1)	1,008 (+2%)	22mo	$120,000	$119	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.12×
• Total profit: $40,112
• Equity at exit: $4,175

10-year hold

• IRR: —
• Equity multiple: 12.80×
• Total profit: $92,520
• Equity at exit: $2,421

Cash invested: $7,840 (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: 73
• Price-to-rent: 2.0×

Monthly cashflow live

• Estimated rent: $1,168 medium
• Mortgage (P&I): −$147
• Tax from tax record: −$64 /mo · $770/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$245
• Net cashflow: $700

Break-even live

Break-even rent $282

Max offer price $28,000

Occupancy floor 35%

Sensitivity live

Price	-10% $716	-5% $708	+0% $700	+5% $693	+10% $685
Rent	-10% $608	-5% $654	+0% $700	+5% $747	+10% $793
Rate	-1.0pp $715	-0.5pp $708	base $700	+0.5pp $693	+1.0pp $686

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: $7,000
• Closing costs: $840
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-05-21
   listed $28,000 Active
2. 2022-10-07
   soldstatus
3. 2022-05-13
   soldstatus Closed 1000-char remark

   Show marketing remark (1000 chars)

   HOME APPEARS TO HAVE STRONG FRAMING TYPICAL OF 1970'S MATERIAL. The roof was replaced 20 yrs. ago. Expect roof inspection for lender. it has a couple of places repaired with a different color shingle. the vinyl siding appears to be firmly attached. At least two windows need trim. The front porch is as wide as the home and covered with extended roof. The porch slab is solid. There is attic space that served as a bedroom for the now adult son not living there anymore. The home was warm with gas heaters when i inspected it. All the natural gas lines were replaced less than 8 years ago and a new 40gal water heater was installed 1yr+. The drop down ceiling was taken down and it degrades the appearance inside. House needs a lot of cosmetic work. Imagine inexpensive livable dwelling without cosmetic effects. Could be torn down rebuild new. Large lot on corner is hard to find in existing neighborhoods. Very popular location because the Clay County Pioneer Rodeo Grounds are on N. Bridge street.

4. 2022-04-28
   status Pending 1000-char remark

   Show marketing remark (1000 chars)

   HOME APPEARS TO HAVE STRONG FRAMING TYPICAL OF 1970'S MATERIAL. The roof was replaced 20 yrs. ago. Expect roof inspection for lender. it has a couple of places repaired with a different color shingle. the vinyl siding appears to be firmly attached. At least two windows need trim. The front porch is as wide as the home and covered with extended roof. The porch slab is solid. There is attic space that served as a bedroom for the now adult son not living there anymore. The home was warm with gas heaters when i inspected it. All the natural gas lines were replaced less than 8 years ago and a new 40gal water heater was installed 1yr+. The drop down ceiling was taken down and it degrades the appearance inside. House needs a lot of cosmetic work. Imagine inexpensive livable dwelling without cosmetic effects. Could be torn down rebuild new. Large lot on corner is hard to find in existing neighborhoods. Very popular location because the Clay County Pioneer Rodeo Grounds are on N. Bridge street.

5. 2022-04-25
   price $48,000 1000-char remark

   Show marketing remark (1000 chars)

   HOME APPEARS TO HAVE STRONG FRAMING TYPICAL OF 1970'S MATERIAL. The roof was replaced 20 yrs. ago. Expect roof inspection for lender. it has a couple of places repaired with a different color shingle. the vinyl siding appears to be firmly attached. At least two windows need trim. The front porch is as wide as the home and covered with extended roof. The porch slab is solid. There is attic space that served as a bedroom for the now adult son not living there anymore. The home was warm with gas heaters when i inspected it. All the natural gas lines were replaced less than 8 years ago and a new 40gal water heater was installed 1yr+. The drop down ceiling was taken down and it degrades the appearance inside. House needs a lot of cosmetic work. Imagine inexpensive livable dwelling without cosmetic effects. Could be torn down rebuild new. Large lot on corner is hard to find in existing neighborhoods. Very popular location because the Clay County Pioneer Rodeo Grounds are on N. Bridge street.

6. 2022-04-21
   price $47,000 1000-char remark

   Show marketing remark (1000 chars)

   HOME APPEARS TO HAVE STRONG FRAMING TYPICAL OF 1970'S MATERIAL. The roof was replaced 20 yrs. ago. Expect roof inspection for lender. it has a couple of places repaired with a different color shingle. the vinyl siding appears to be firmly attached. At least two windows need trim. The front porch is as wide as the home and covered with extended roof. The porch slab is solid. There is attic space that served as a bedroom for the now adult son not living there anymore. The home was warm with gas heaters when i inspected it. All the natural gas lines were replaced less than 8 years ago and a new 40gal water heater was installed 1yr+. The drop down ceiling was taken down and it degrades the appearance inside. House needs a lot of cosmetic work. Imagine inexpensive livable dwelling without cosmetic effects. Could be torn down rebuild new. Large lot on corner is hard to find in existing neighborhoods. Very popular location because the Clay County Pioneer Rodeo Grounds are on N. Bridge street.

7. 2022-04-19
   price $48,000 1000-char remark

   Show marketing remark (1000 chars)

   HOME APPEARS TO HAVE STRONG FRAMING TYPICAL OF 1970'S MATERIAL. The roof was replaced 20 yrs. ago. Expect roof inspection for lender. it has a couple of places repaired with a different color shingle. the vinyl siding appears to be firmly attached. At least two windows need trim. The front porch is as wide as the home and covered with extended roof. The porch slab is solid. There is attic space that served as a bedroom for the now adult son not living there anymore. The home was warm with gas heaters when i inspected it. All the natural gas lines were replaced less than 8 years ago and a new 40gal water heater was installed 1yr+. The drop down ceiling was taken down and it degrades the appearance inside. House needs a lot of cosmetic work. Imagine inexpensive livable dwelling without cosmetic effects. Could be torn down rebuild new. Large lot on corner is hard to find in existing neighborhoods. Very popular location because the Clay County Pioneer Rodeo Grounds are on N. Bridge street.

8. 2022-04-10
   price $46,000 1000-char remark

   Show marketing remark (1000 chars)

   HOME APPEARS TO HAVE STRONG FRAMING TYPICAL OF 1970'S MATERIAL. The roof was replaced 20 yrs. ago. Expect roof inspection for lender. it has a couple of places repaired with a different color shingle. the vinyl siding appears to be firmly attached. At least two windows need trim. The front porch is as wide as the home and covered with extended roof. The porch slab is solid. There is attic space that served as a bedroom for the now adult son not living there anymore. The home was warm with gas heaters when i inspected it. All the natural gas lines were replaced less than 8 years ago and a new 40gal water heater was installed 1yr+. The drop down ceiling was taken down and it degrades the appearance inside. House needs a lot of cosmetic work. Imagine inexpensive livable dwelling without cosmetic effects. Could be torn down rebuild new. Large lot on corner is hard to find in existing neighborhoods. Very popular location because the Clay County Pioneer Rodeo Grounds are on N. Bridge street.

9. 2022-03-30
   listed $45,000 Active 1000-char remark

   Show marketing remark (1000 chars)

   HOME APPEARS TO HAVE STRONG FRAMING TYPICAL OF 1970'S MATERIAL. The roof was replaced 20 yrs. ago. Expect roof inspection for lender. it has a couple of places repaired with a different color shingle. the vinyl siding appears to be firmly attached. At least two windows need trim. The front porch is as wide as the home and covered with extended roof. The porch slab is solid. There is attic space that served as a bedroom for the now adult son not living there anymore. The home was warm with gas heaters when i inspected it. All the natural gas lines were replaced less than 8 years ago and a new 40gal water heater was installed 1yr+. The drop down ceiling was taken down and it degrades the appearance inside. House needs a lot of cosmetic work. Imagine inexpensive livable dwelling without cosmetic effects. Could be torn down rebuild new. Large lot on corner is hard to find in existing neighborhoods. Very popular location because the Clay County Pioneer Rodeo Grounds are on N. Bridge street.

ⓘ 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: $770 · $64/mo
• Projected year-2 tax: $770 · $64/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 0% chance over 30 yrs
• 🔥 Wildfire 8/10 Severe
• 🌡 Heat 6/10 Major 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% 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: $14,022
• − Mortgage interest: −$1,568
• − Property taxes: −$770
• − Insurance: −$140
• − Repairs & maintenance: −$1,122
• − Management: −$1,122
• − Depreciation: −$815
• Taxable income: $8,486
• Est. tax owed @ 24.0%: −$2,037
• After-tax cash flow: $6,369/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: Henrietta ISD
• NCES district ID: 4822980
• Math proficiency: 47% ▼ -13.00%
• Reading proficiency: 48% ▼ -3.00%
• Median HH income: $49,029
• Composite: 40.62/100
• National rank: #3691
• State rank: #219 of 826 in TX

Livability — Henrietta

• Score: 70/100
• State rank: #379
• US rank: #7978

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Henrietta, TX
• Population (ZIP): 11,822

Population outlook (Clay County) Hauer SSP2

• Today (2025): 9,537 people
• By 2030: 9,042 · -5.2%
• By 2040: 8,090 · -15.2%
• By 2050: 7,255 · -23.9%
• By 2075: 5,834 · -38.8%
• By 2100: 4,491 · -52.9%

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 · Clay

• 2024 margin: Solid R (+79.7) · D 9.9% · R 89.5%
• 2008→2024 swing: -21.1pp toward R · 2008: -58.6pp · 2024: -79.7pp
• All cycles: 2024: R+79.7 2020: R+77.6 2016: R+76.6 2012: R+69.7 2008: R+58.6

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

-37.8% since first listed

9 events — show timeline

• 2026-05-21 Listed $28,000 WFAOR
• 2022-10-07 Sold (Public Records) — Public Records
• 2022-05-13 Sold (MLS) — NTREIS
• 2022-04-28 Pending — NTREIS
• 2022-04-25 Price Changed $48,000 NTREIS
• 2022-04-21 Price Changed $47,000 NTREIS
• 2022-04-19 Price Changed $48,000 NTREIS
• 2022-04-10 Price Changed $46,000 NTREIS
• 2022-03-30 Listed $45,000 NTREIS

Property tax history

-2.6%/yr

Latest (2025): $770 · -48.8% YoY. Source: county tax records.