308 E 4th St · Coleman, TX 76834

$54,900

2 bd · 1.0 ba · 904 sqft · SingleFamily public records · 623 Days on market

7,841 sqft lot $61/sqft · 11% below area Est $62k · 11% under ↓ 21% since listing

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Why this score? — see what drove the A- 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 +30.0/30.0
• ARV discount +12.5/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +7.8/10.0
• Livability +3.4/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to 308 E 4th St in Coleman, Texas! This inviting 2-bedroom, 1-bathroom home spans 978 sq ft and is thoughtfully designed with accessibility in mind, featuring a ramp at the front door and a handicap-friendly shower. The property boasts a spacious backyard, perfect for outdoor activities and relaxation. Whether you're a first-time home buyer or an investor seeking a rental property, this home offers great potential. Don't miss out on this excellent opportunity in Coleman!

Key facts

• 7,841 sq ft lot
• Listed 623 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $264 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($857 rent vs $55k).
• Recommended offer: $48k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.1% vs local median 4.5% in Coleman — 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 68/100 on livability (#454 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety D+, schools F, amenities F.
• Coleman ISD (town): math 42% / reading 39% proficiency, ranked #439 of 826 in TX (top 53%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 119 active listings in the ZIP; 5 units permitted in Coleman County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($380 loan paydown + $3k appreciation (5.7% local appreciation)).
• Coleman County population projected at -28% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (5.7% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 623 days — a 12% lower offer ($48k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $15k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $48,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 623 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.56% ✓
• Cap rate: 12.05%
• Cash-on-cash: 20.57%
• DSCR: 1.92
• GRM: 5.3

CMA / ARV

• ARV (median comp): $61,708
• List price: $54,900
• Delta: -11.03%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1004 San Saba St	0.05mi	2/1.0	900 (-0%)	6mo	$55,000	$61	92
1215 Llano	0.10mi	2/2.0	976 (+8%)	5mo	$149,000	$153	74
501 E 10th St	0.34mi	2/1.0	912 (+1%)	20mo	$62,500	$69	66
516 W 4th St	0.45mi	2/1.0	950 (+5%)	10mo	$133,000	$140	62
801 E 5th St	0.27mi	3/1.0 (+1)	988 (+9%)	7mo	$87,000	$88	61
208 Hollywood St	0.43mi	2/1.0	1,027 (+14%)	12mo	$139,900	$136	48
104 Hollywood	0.49mi	2/1.0	1,002 (+11%)	22mo	$94,900	$95	41

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

Projected returns pro-forma

5.66% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 32.0%
• Equity multiple: 3.05×
• Total profit: $31,568
• Equity at exit: $33,342

10-year hold

• IRR: 30.0%
• Equity multiple: 6.21×
• Total profit: $80,095
• Equity at exit: $59,479

Cash invested: $15,372 (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 76834

• Home prices YoY: 4.8%
• Active inventory: 119
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $857 medium
• Mortgage (P&I): −$288
• Tax from tax record: −$103 /mo · $1,231/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$180
• Net cashflow: $264

Break-even live

Break-even rent $523

Max offer price $54,900

Occupancy floor 64%

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: $13,725
• Closing costs: $1,647
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-18
   days on market $54,900 Active 623 DOM
2. 2026-06-17
   days on market $54,900 Active 622 DOM
3. 2026-06-16
   days on market $54,900 Active 621 DOM
4. 2026-06-15
   days on market $54,900 Active 620 DOM
5. 2026-06-13
   days on market $54,900 Active 618 DOM
6. 2026-06-12
   statusdays on market $54,900 Active 617 DOM
7. 2026-06-09
   days on market $54,900 Active Option Contract 614 DOM
8. 2026-06-08
   days on market $54,900 Active Option Contract 613 DOM
9. 2026-06-08
   days on market $54,900 Active Option Contract 612 DOM
10. 2026-06-07
    days on market $54,900 Active Option Contract 611 DOM
11. 2026-06-03
    days on market $54,900 Active Option Contract 608 DOM
12. 2026-06-02
    days on market $54,900 Active Option Contract 607 DOM
13. 2026-06-01
    days on market $54,900 Active Option Contract 606 DOM
14. 2026-05-31
    days on market $54,900 Active Option Contract 605 DOM
15. 2025-08-21
    price $54,900 483-char remark

    Show marketing remark (483 chars)

    Welcome to 308 E 4th St in Coleman, Texas! This inviting 2-bedroom, 1-bathroom home spans 978 sq ft and is thoughtfully designed with accessibility in mind, featuring a ramp at the front door and a handicap-friendly shower. The property boasts a spacious backyard, perfect for outdoor activities and relaxation. Whether you're a first-time home buyer or an investor seeking a rental property, this home offers great potential. Don't miss out on this excellent opportunity in Coleman!

16. 2025-07-23
    status Active 483-char remark

    Show marketing remark (483 chars)

    Welcome to 308 E 4th St in Coleman, Texas! This inviting 2-bedroom, 1-bathroom home spans 978 sq ft and is thoughtfully designed with accessibility in mind, featuring a ramp at the front door and a handicap-friendly shower. The property boasts a spacious backyard, perfect for outdoor activities and relaxation. Whether you're a first-time home buyer or an investor seeking a rental property, this home offers great potential. Don't miss out on this excellent opportunity in Coleman!

17. 2025-06-01
    historical 483-char remark

    Show marketing remark (483 chars)

    Welcome to 308 E 4th St in Coleman, Texas! This inviting 2-bedroom, 1-bathroom home spans 978 sq ft and is thoughtfully designed with accessibility in mind, featuring a ramp at the front door and a handicap-friendly shower. The property boasts a spacious backyard, perfect for outdoor activities and relaxation. Whether you're a first-time home buyer or an investor seeking a rental property, this home offers great potential. Don't miss out on this excellent opportunity in Coleman!

18. 2025-01-10
    status Active 483-char remark

    Show marketing remark (483 chars)

    Welcome to 308 E 4th St in Coleman, Texas! This inviting 2-bedroom, 1-bathroom home spans 978 sq ft and is thoughtfully designed with accessibility in mind, featuring a ramp at the front door and a handicap-friendly shower. The property boasts a spacious backyard, perfect for outdoor activities and relaxation. Whether you're a first-time home buyer or an investor seeking a rental property, this home offers great potential. Don't miss out on this excellent opportunity in Coleman!

19. 2025-01-01
    historical 483-char remark

    Show marketing remark (483 chars)

    Welcome to 308 E 4th St in Coleman, Texas! This inviting 2-bedroom, 1-bathroom home spans 978 sq ft and is thoughtfully designed with accessibility in mind, featuring a ramp at the front door and a handicap-friendly shower. The property boasts a spacious backyard, perfect for outdoor activities and relaxation. Whether you're a first-time home buyer or an investor seeking a rental property, this home offers great potential. Don't miss out on this excellent opportunity in Coleman!

20. 2024-11-09
    price $64,900 483-char remark

    Show marketing remark (483 chars)

    Welcome to 308 E 4th St in Coleman, Texas! This inviting 2-bedroom, 1-bathroom home spans 978 sq ft and is thoughtfully designed with accessibility in mind, featuring a ramp at the front door and a handicap-friendly shower. The property boasts a spacious backyard, perfect for outdoor activities and relaxation. Whether you're a first-time home buyer or an investor seeking a rental property, this home offers great potential. Don't miss out on this excellent opportunity in Coleman!

21. 2024-08-03
    listed $69,900 Active 483-char remark

    Show marketing remark (483 chars)

    Welcome to 308 E 4th St in Coleman, Texas! This inviting 2-bedroom, 1-bathroom home spans 978 sq ft and is thoughtfully designed with accessibility in mind, featuring a ramp at the front door and a handicap-friendly shower. The property boasts a spacious backyard, perfect for outdoor activities and relaxation. Whether you're a first-time home buyer or an investor seeking a rental property, this home offers great potential. Don't miss out on this excellent opportunity in Coleman!

22. 2014-09-25
    soldstatus
23. 2008-07-02
    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: $1,231 · $103/mo
• Projected year-2 tax: $1,231 · $103/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $10,281
• − Mortgage interest: −$3,075
• − Property taxes: −$1,231
• − Insurance: −$274
• − Repairs & maintenance: −$823
• − Management: −$823
• − Depreciation: −$1,597
• Taxable income: $2,459
• Est. tax owed @ 24.0%: −$590
• After-tax cash flow: $2,572/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: Coleman ISD
• NCES district ID: 4814550
• Math proficiency: 42% ▲ 3.00%
• Reading proficiency: 39% ▲ 3.00%
• Median HH income: $31,765
• Composite: 33.18/100
• National rank: #5540
• State rank: #439 of 826 in TX

Livability — Coleman

• Score: 68/100
• State rank: #454
• US rank: #9173

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Coleman, TX
• Population (ZIP): 4,861

Population outlook (Coleman County) Hauer SSP2

• Today (2025): 7,321 people
• By 2030: 6,834 · -6.7%
• By 2040: 5,968 · -18.5%
• By 2050: 5,283 · -27.8%
• By 2075: 4,205 · -42.6%
• By 2100: 3,405 · -53.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 20% Two or more races 13% Black 3%
• Hispanic origin (detail): Mexican 18%
• Common ancestry: Italian 16% Slovak 8% Serbian 3%
• Foreign-born: 7% · Canada
• Languages at home: 79% English-only · Spanish 21%

Political lean MEDSL · Coleman

• 2024 margin: Solid R (+79.0) · D 10.3% · R 89.3%
• 2008→2024 swing: -15.1pp toward R · 2008: -64.0pp · 2024: -79.0pp
• All cycles: 2024: R+79.0 2020: R+77.3 2016: R+76.8 2012: R+73.7 2008: R+64.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.66%
• Current HPI: 123.8456
• 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

-21.5% since first listed

9 events — show timeline

• 2025-08-21 Price Changed $54,900 NTREIS
• 2025-07-23 Relisted — NTREIS
• 2025-06-01 Listing Removed — NTREIS
• 2025-01-10 Relisted — NTREIS
• 2025-01-01 Listing Removed — NTREIS
• 2024-11-09 Price Changed $64,900 NTREIS
• 2024-08-03 Listed $69,900 NTREIS
• 2014-09-25 Sold (Public Records) — Public Records
• 2008-07-02 Sold (Public Records) — Public Records

Property tax history

+15.6%/yr

Latest (2025): $1,231 · -11.5% YoY. Source: county tax records.