600 E 15th St · Littlefield, TX 79336

$99,900

3 bd · 1.0 ba · 1,204 sqft · SingleFamily public records · 51 Days on market

Built 1950 7,000 sqft lot $83/sqft · 23% below area Est $130k · 23% under ↓ 5% 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 +15.2/30.0
• ARV discount +15.0/15.0
• DSCR +4.7/10.0
• 1% rule +3.8/10.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Great Value in a Friendly Neighborhood. Welcome to this inviting 3-bedroom, 1-bathroom single-family home that offers comfort, practicality, and exceptional value! Whether you're a first-time homebuyer, investor, or looking to downsize, this property is a fantastic opportunity. Step inside to find a freshly painted interior, creating a clean and welcoming space ready for your personal touch. The exterior has also been recently painted, giving the home great curb appeal and a well-maintained feel from the moment you arrive. Enjoy the convenience of a large carport, providing ample covered parking and protection from the elements. The roof was replaced in 2025, offering peace of mind for year

Key facts

• Spacious backyard
• Storage shed
• Large carport

Tags

• FRESHLY PAINTED INTERIOR
• RECENTLY PAINTED OUTSIDE
• LARGE CARPORT
• SPACIOUS BACKYARD
• STORAGE SHED
• FRIENDLY NEIGHBORHOOD

Property features AI

Exterior

• Parking: 2-space carport
• Utilities: Public water; Public sewer; Electricity available; Natural gas available; Water connected; Sewer connected
• Home design: Single-family residence; Updated/remodeled
• Construction: Stucco exterior; Pillar/post/pier foundation; Composition roof; Built with above-grade living area of 1,205
• Exterior features: Storage; Fenced yard with wood fencing and gate; Paved, public-maintained city street access

Interior

• Flooring: Hardwood; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning; Ceiling fan cooling
• Interior features: Ceiling fans
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $35 ($418/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 $88k (12.3% below list).
• Recommended offer: $88k (12.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 65/100 on livability (#658 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: health & safety C-, amenities F, commute F.
• Littlefield ISD (town): math 34% / reading 37% proficiency, ranked #527 of 826 in TX (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Littlefield J H (math 37% / reading 34%, grade F, #827 of 1,662 statewide, top 51%, 275 students, 74% FRL); Littlefield H S (math 37% / reading 47%, grade F, #730 of 1,632 statewide, top 47%, 364 students, 63% FRL) — zoned schools at 69% FRL track the district average.
• Market conditions: 120 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); 100% of comp listings sitting > 30 days — soft ceiling on asking rent.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Lamb County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $87,652 (12.3% below list)

Questions for the listing agent

1. It's been on market 51 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 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.88% ✗
• Cap rate: 6.71%
• Cash-on-cash: 1.49%
• DSCR: 1.07
• GRM: 9.5

CMA / ARV

• ARV (median comp): $130,137
• List price: $99,900
• Delta: -23.23%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
311 E 18th St	0.19mi	2/1.0 (-1)	1,254 (+4%)	23mo	$126,262	$101	60

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: -13.9%
• Equity multiple: 0.50×
• Total profit: $-13,976
• Equity at exit: $14,895

10-year hold

• IRR: -5.1%
• Equity multiple: 0.67×
• Total profit: $-9,341
• Equity at exit: $8,638

Cash invested: $27,972 (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 79336

• Active inventory: 120
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $877 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$92 /mo · $1,105/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$184
• Net cashflow: $35

Break-even live

Break-even rent $832

Max offer price $99,900

Occupancy floor 91%

Sensitivity live

Price	-10% $91	-5% $63	+0% $35	+5% $7	+10% $-22
Rent	-10% $-34	-5% $0	+0% $35	+5% $69	+10% $104
Rate	-1.0pp $85	-0.5pp $60	base $35	+0.5pp $9	+1.0pp $-17

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
400 E 22nd St Littlefield, TX	2.0–3.0	1.5	1143	$950	$0.83	45d	2	0.41mi
1100 S Wicker Ave Unit OT-10 Littlefield, TX	2.0	1.0	740	$725	$0.98	45d	1	0.65mi
517 W 5th St Littlefield, TX	3.0	1.0	912	$850	$0.93	45d	1	0.76mi

Listing history 20 events

1. 2026-06-21
   days on market $99,900 Active 51 DOM
2. 2026-06-21
   days on market $99,900 Active 50 DOM
3. 2026-06-18
   days on market $99,900 Active 48 DOM
4. 2026-06-17
   days on market $99,900 Active 47 DOM
5. 2026-06-16
   days on market $99,900 Active 46 DOM
6. 2026-06-15
   days on market $99,900 Active 45 DOM
7. 2026-06-13
   days on market $99,900 Active 43 DOM
8. 2026-06-12
   days on market $99,900 Active 42 DOM
9. 2026-06-10
   days on market $99,900 Active 39 DOM
10. 2026-06-08
    days on market $99,900 Active 38 DOM
11. 2026-06-08
    days on market $99,900 Active 37 DOM
12. 2026-06-07
    days on market $99,900 Active 36 DOM
13. 2026-06-04
    price $99,900 Active 33 DOM
14. 2026-06-03
    days on market $105,000 Active 33 DOM
15. 2026-06-02
    days on market $105,000 Active 32 DOM
16. 2026-06-01
    days on market $105,000 Active 31 DOM
17. 2026-05-31
    days on market $105,000 Active 30 DOM
18. 2026-05-01
    listed $105,000 Active 1377-char remark
19. 2022-01-31
    soldstatus
20. 2005-07-01
    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: $1,105 · $92/mo
• Projected year-2 tax: $1,828 · $152/mo
• Expected delta: +$723/yr (+$60/mo · 65.4%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥98°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,518
• − Mortgage interest: −$5,596
• − Property taxes: −$1,105
• − Insurance: −$500
• − Repairs & maintenance: −$841
• − Management: −$841
• − Depreciation: −$2,906
• Taxable loss: −$1,272
• Est. tax savings @ 24.0%: +$305
• After-tax cash flow: $723/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: Littlefield ISD
• NCES district ID: 4827750
• Math proficiency: 34% ▼ -11.00%
• Reading proficiency: 37% ▼ -1.00%
• Median HH income: $36,900
• Composite: 29.51/100
• National rank: #6503
• State rank: #527 of 826 in TX

Livability — Littlefield

• Score: 65/100
• State rank: #658
• US rank: #12392

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Littlefield, TX
• Population (ZIP): 15,265

Population outlook (Lamb County) Hauer SSP2

• Today (2025): 12,357 people
• By 2030: 11,878 · -3.9%
• By 2040: 10,950 · -11.4%
• By 2050: 9,929 · -19.6%
• By 2075: 7,355 · -40.5%
• By 2100: 4,603 · -62.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (53%)
• Race & ethnicity: Hispanic / Latino 53% White 42% Two or more races 24% Black 3%
• Hispanic origin (detail): Mexican 48%
• Common ancestry: Slovak 1% Lithuanian 1% Italian 1%
• Foreign-born: 9% · Canada
• Languages at home: 72% English-only · Spanish 27%

Political lean MEDSL · Lamb

• 2024 margin: Solid R (+64.3) · D 17.6% · R 81.9%
• 2008→2024 swing: -15.9pp toward R · 2008: -48.4pp · 2024: -64.3pp
• All cycles: 2024: R+64.3 2020: R+60.8 2016: R+58.1 2012: R+50.3 2008: R+48.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -169.34%
• Current HPI: 154.0713
• 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

-4.9% since first listed

4 events — show timeline

• 2026-06-03 Price Changed $99,900 LARMLS
• 2026-05-01 Listed $105,000 LARMLS
• 2022-01-31 Sold (Public Records) — Public Records
• 2005-07-01 Sold (Public Records) — Public Records

Property tax history

+6.7%/yr

Latest (2025): $1,105 · +7.4% YoY. Source: county tax records.