412 E First St · Burkburnett, TX 76354

$49,900

1 bd · 1.0 ba · 756 sqft · SingleFamily public records · 28 Days on market

Built 1920

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Why this score? — see what drove the B- 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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

Quaint cottage home. Completely remodeled with new roof, flooring, interior paint, tankless water heater, and windows. Why pay rent when you can own your home for less? Come check out this adorable home.

Key facts

• Remodeled
• New flooring
• New interior paint

Tags

• REMODELED
• NEW ROOF
• NEW FLOORING
• NEW INTERIOR PAINT
• TANKLESS WATER HEATER
• NEW WINDOWS

Property features AI

Finance

• Other: Located in the Morris subdivision

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story
• Construction: Built as a residential single family property
• Exterior features: Composition roof

Interior

• Flooring: Tile
• Interior features: Tile flooring

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $50k.

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 ($750 rent vs $50k).
• Recommended offer: $49k (1.5% 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+, amenities F.
• 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.
• Zoned schools: Burkburnett H S (math 39% / reading 40%, grade F, #821 of 1,632 statewide, top 53%, 834 students, 45% FRL) — zoned schools at 45% FRL track the district average.
• Market conditions: 71 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $345 of loan paydown is wiped out by about $1k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($49k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.
• Current owner paid $15k; list at $50k implies a 233% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $49,151 (1.5% below list)

Questions for the listing agent

1. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.50% ✓
• Cap rate: 12.65%
• Cash-on-cash: 22.71%
• DSCR: 2.01
• GRM: 5.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 15.6%
• Equity multiple: 1.63×
• Total profit: $8,758
• Equity at exit: $7,440

10-year hold

• IRR: 24.2%
• Equity multiple: 3.10×
• Total profit: $29,318
• Equity at exit: $4,314

Cash invested: $13,972 (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 76354

• Home prices YoY: -34.5%
• Active inventory: 71
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $750 medium
• Mortgage (P&I): −$262
• Tax from tax record: −$46 /mo · $547/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$158
• Net cashflow: $264

Break-even live

Break-even rent $415

Max offer price $49,900

Occupancy floor 60%

Sensitivity live

Price	-10% $293	-5% $279	+0% $264	+5% $250	+10% $236
Rent	-10% $205	-5% $235	+0% $264	+5% $294	+10% $324
Rate	-1.0pp $290	-0.5pp $277	base $264	+0.5pp $252	+1.0pp $238

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
600 E 1st St Unit B Burkburnett, TX	2.0	1.0	650	$750	$1.15	44d	1	0.10mi

Listing history 23 events

1. 2026-06-19
   days on market $49,900 Active 28 DOM
2. 2026-06-18
   days on market $49,900 Active 27 DOM
3. 2026-06-17
   days on market $49,900 Active 26 DOM
4. 2026-06-16
   days on market $49,900 Active 25 DOM
5. 2026-06-15
   days on market $49,900 Active 24 DOM
6. 2026-06-14
   days on market $49,900 Active 22 DOM
7. 2026-06-13
   days on market $49,900 Active 21 DOM
8. 2026-06-10
   days on market $49,900 Active 19 DOM
9. 2026-06-09
   days on market $49,900 Active 18 DOM
10. 2026-06-08
    days on market $49,900 Active 17 DOM
11. 2026-06-07
    days on market $49,900 Active 16 DOM
12. 2026-06-05
    days on market $49,900 Active 13 DOM
13. 2026-06-03
    days on market $49,900 Active 12 DOM
14. 2026-06-02
    days on market $49,900 Active 11 DOM
15. 2026-06-01
    days on market $49,900 Active 10 DOM
16. 2026-05-31
    days on market $49,900 Active 9 DOM
17. 2026-05-30
    days on market $49,900 Active 8 DOM
18. 2026-05-22
    listed $49,900 Active
19. 2025-09-15
    soldstatus Closed 203-char remark

    Show marketing remark (203 chars)

    Quaint cottage home. Completely remodeled with new roof, flooring, interior paint, tankless water heater, and windows. Why pay rent when you can own your home for less? Come check out this adorable home.

20. 2025-07-12
    listed $64,900 Active 203-char remark

    Show marketing remark (203 chars)

    Quaint cottage home. Completely remodeled with new roof, flooring, interior paint, tankless water heater, and windows. Why pay rent when you can own your home for less? Come check out this adorable home.

21. 2024-08-19
    soldstatus $15,000
22. 2022-06-21
    soldstatus
23. 2008-04-08
    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: $547 · $46/mo
• Projected year-2 tax: $913 · $76/mo
• Expected delta: +$366/yr (+$31/mo · 66.9%)

ⓘ 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 · 19 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 8% 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: $9,000
• − Mortgage interest: −$2,795
• − Property taxes: −$547
• − Insurance: −$250
• − Repairs & maintenance: −$720
• − Management: −$720
• − Depreciation: −$1,452
• Taxable income: $2,517
• Est. tax owed @ 24.0%: −$604
• After-tax cash flow: $2,569/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

+232.7% since first listed

6 events — show timeline

• 2026-05-22 Listed $49,900 WFAOR
• 2025-09-15 Sold (MLS) — WFAOR
• 2025-07-12 Listed $64,900 WFAOR
• 2024-08-19 Sold (Public Records) $15,000 Public Records
• 2022-06-21 Sold (Public Records) — Public Records
• 2008-04-08 Sold (Public Records) — Public Records

Property tax history

+2.7%/yr

Latest (2025): $547 · +16.6% YoY. Source: county tax records.