708 Prater St · Brownwood, TX 76801

$119,500

2 bd · 1.0 ba · 1,195 sqft · SingleFamily public records · 93 Days on market

Built 2021 6,752 sqft lot $100/sqft · 13% below area Est $137k · 13% under ↓ 6% 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 +20.4/30.0
• ARV discount +13.3/15.0
• DSCR +6.5/10.0
• 1% rule +5.5/10.0
• Schools +3.6/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming craftsman style brick home that is appealing to a first time home buyer or an investor. This home has lots of character with its classic brick and front porch with a attached carport. The home sits on a corner lot with some large Pecan trees and big fenced back yard for kids to play in. The home is a two bedroom 1 bath with a spacious living area and a formal dining room. The home has original hardwood floors throughout most of the home and some tile flooring in the back. The dining room has a built in china cabinet that is perfect for the family china. This home has had some updating including new foundation repair with 5 year warranty. This home is a must see to appreciate.

Key facts

• Large pecan trees
• Attached carport
• Fenced back yard

Tags

• CRAFTSMAN STYLE BRICK HOME
• ATTACHED CARPORT
• CORNER LOT
• LARGE PECAN TREES
• FENCED BACK YARD
• ORIGINAL HARDWOOD FLOORS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $156 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $109k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.9% vs local median 3.7% in Brownwood — 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 64/100 on livability (#781 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D+, health & safety D+, schools F.
• Brownwood ISD (town): math 45% / reading 41% proficiency, ranked #344 of 826 in TX (top 42%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 377 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 142 units permitted in Brown County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $826 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($109k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $108,745 (9.0% below list)

Questions for the listing agent

1. It's been on market 93 days. Have you received any prior offers? Is the seller open to a 9% 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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 7.86%
• Cash-on-cash: 5.58%
• DSCR: 1.25
• GRM: 7.9

CMA / ARV

• ARV (median comp): $137,310
• List price: $119,500
• Delta: -12.97%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2622 Vincent St	0.20mi	2/1.0	1,170 (-2%)	7mo	$89,900	$77	82
1007 Lackey St	0.17mi	2/1.0	1,111 (-7%)	4mo	$139,900	$126	77
2306 Austin Ave	0.17mi	3/2.0 (+1)	1,260 (+5%)	1mo	$204,000	$162	74
2607 1st St	0.33mi	3/1.0 (+1)	1,247 (+4%)	3mo	$142,500	$114	70
2711 Elizabeth Dr	0.48mi	3/1.0 (+1)	1,200 (+0%)	3mo	$149,000	$124	70
2506 Vincent St	0.04mi	3/1.5 (+1)	1,056 (-12%)	4mo	$148,900	$141	68
2901 Austin Ave	0.44mi	2/1.0	1,130 (-5%)	4mo	$198,500	$176	67
2703 1st St	0.36mi	3/2.0 (+1)	1,271 (+6%)	5mo	$139,900	$110	60
2302 Berkley St	0.61mi	3/1.0 (+1)	1,276 (+7%)	1mo	$178,000	$139	54
2503 Belmeade St	0.49mi	3/1.0 (+1)	1,072 (-10%)	3mo	$135,000	$126	53
2204 Berkley St	0.62mi	3/1.0 (+1)	1,128 (-6%)	6mo	$134,900	$120	52
2501 Greenway Dr	0.66mi	3/2.0 (+1)	1,363 (+14%)	2mo	$209,000	$153	35

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: -7.6%
• Equity multiple: 0.72×
• Total profit: $-9,429
• Equity at exit: $17,818

10-year hold

• IRR: 2.0%
• Equity multiple: 1.14×
• Total profit: $4,653
• Equity at exit: $10,332

Cash invested: $33,460 (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 76801

• Active inventory: 377
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,256 medium
• Mortgage (P&I): −$627
• Tax from tax record: −$160 /mo · $1,919/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$264
• Net cashflow: $156

Break-even live

Break-even rent $1,059

Max offer price $119,500

Occupancy floor 83%

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: $29,875
• Closing costs: $3,585
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3613 Durham Ave Brownwood, TX	1.0	1.0	790	$1,000	$1.27	43d	1	1.15mi
2411 13th St Brownwood, TX	3.0	2.0	1466	$1,800	$1.23	43d	1	1.17mi
2001 Brady Ave Unit Booker 703 Brownwood, TX	2.0	1.0	1247	$1,045	$0.84	43d	1	1.49mi
2001 Brady Ave Unit 1705 Austin-A Brownwood, TX	2.0	1.0	1070	$1,095	$1.02	43d	1	1.49mi

Listing history 17 events

1. 2026-06-18
   days on market $119,500 Active 93 DOM
2. 2026-06-17
   days on market $119,500 Active 92 DOM
3. 2026-06-16
   days on market $119,500 Active 91 DOM
4. 2026-06-15
   days on market $119,500 Active 90 DOM
5. 2026-06-13
   days on market $119,500 Active 88 DOM
6. 2026-06-12
   days on market $119,500 Active 87 DOM
7. 2026-06-09
   days on market $119,500 Active 84 DOM
8. 2026-06-08
   days on market $119,500 Active 83 DOM
9. 2026-06-08
   days on market $119,500 Active 82 DOM
10. 2026-06-07
    days on market $119,500 Active 81 DOM
11. 2026-06-03
    days on market $119,500 Active 78 DOM
12. 2026-06-02
    days on market $119,500 Active 77 DOM
13. 2026-06-01
    days on market $119,500 Active 76 DOM
14. 2026-05-31
    days on market $119,500 Active 75 DOM
15. 2026-05-11
    price $119,500 693-char remark

    Show marketing remark (693 chars)

    Charming craftsman style brick home that is appealing to a first time home buyer or an investor. This home has lots of character with its classic brick and front porch with a attached carport. The home sits on a corner lot with some large Pecan trees and big fenced back yard for kids to play in. The home is a two bedroom 1 bath with a spacious living area and a formal dining room. The home has original hardwood floors throughout most of the home and some tile flooring in the back. The dining room has a built in china cabinet that is perfect for the family china. This home has had some updating including new foundation repair with 5 year warranty. This home is a must see to appreciate.

16. 2026-03-17
    listed $127,000 Active 693-char remark

    Show marketing remark (693 chars)

    Charming craftsman style brick home that is appealing to a first time home buyer or an investor. This home has lots of character with its classic brick and front porch with a attached carport. The home sits on a corner lot with some large Pecan trees and big fenced back yard for kids to play in. The home is a two bedroom 1 bath with a spacious living area and a formal dining room. The home has original hardwood floors throughout most of the home and some tile flooring in the back. The dining room has a built in china cabinet that is perfect for the family china. This home has had some updating including new foundation repair with 5 year warranty. This home is a must see to appreciate.

17. 2008-02-08
    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: $1,919 · $160/mo
• Projected year-2 tax: $2,187 · $182/mo
• Expected delta: +$268/yr (+$22/mo · 14.0%)

ⓘ 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 ≥107°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% 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: $15,068
• − Mortgage interest: −$6,694
• − Property taxes: −$1,919
• − Insurance: −$598
• − Repairs & maintenance: −$1,205
• − Management: −$1,205
• − Depreciation: −$3,476
• Taxable loss: −$30
• Est. tax savings @ 24.0%: +$7
• After-tax cash flow: $1,874/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: Brownwood ISD
• NCES district ID: 4811700
• Math proficiency: 45% ▲ 4.00%
• Reading proficiency: 41% ▲ 1.00%
• Median HH income: $37,395
• Composite: 35.8/100
• National rank: #4833
• State rank: #344 of 826 in TX

Livability — Brownwood

• Score: 64/100
• State rank: #781
• US rank: #14230

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Brownwood, TX
• Population (ZIP): 25,152

Population outlook (Brown County) Hauer SSP2

• Today (2025): 38,381 people
• By 2030: 38,288 · -0.2%
• By 2040: 38,120 · -0.7%
• By 2050: 38,227 · -0.4%
• By 2075: 39,362 · +2.6%
• By 2100: 39,171 · +2.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (66%)
• Race & ethnicity: White 66% Hispanic / Latino 26% Two or more races 15% Black 4%
• Hispanic origin (detail): Mexican 23%
• Common ancestry: Italian 12% Slovak 2% Lithuanian 1%
• Foreign-born: 4% · Canada
• Languages at home: 82% English-only · Spanish 17%

Political lean MEDSL · Brown

• 2024 margin: Solid R (+73.9) · D 12.7% · R 86.6%
• 2008→2024 swing: -12.5pp toward R · 2008: -61.5pp · 2024: -73.9pp
• All cycles: 2024: R+73.9 2020: R+72.6 2016: R+74.5 2012: R+71.7 2008: R+61.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -121.52%
• Current HPI: 164.0992
• 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

-5.9% since first listed

3 events — show timeline

• 2026-05-11 Price Changed $119,500 NTREIS
• 2026-03-17 Listed $127,000 NTREIS
• 2008-02-08 Sold (Public Records) — Public Records

Property tax history

+14.7%/yr

Latest (2025): $1,919 · +14.1% YoY. Source: county tax records.