310 E Broadway Ave · Panhandle, TX 79068

$72,749

3 bd · 1.0 ba · 1,202 sqft · SingleFamily public records · 255 Days on market

Built 1924 0.32 ac lot

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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 +25.8/30.0
• DSCR +8.6/10.0
• 1% rule +8.1/10.0
• ARV discount +7.5/15.0
• Schools +5.8/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

JUST LISTED! 310 E Broadway is a FIXER UPPER located on a LARGE LOT home that is now available in the Panhandle area. The property sits on nearly a third of acre lot of land is down the road from Hwy 60 and just 30 minutes from Amarillo, TX. It boasts three bedrooms, one bathroom, and a basement type of area. Some notable features of the home include the cozy layout and accents throughout the home and a fabulous covered front porch area that overlooks the front yard. This is a fixer-upper opportunity you can quickly transform into a charming home. This property is being sold AS IS but it has a lot of potential. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and this your dream home.

Key facts

• Covered front porch
• Panhandle area
• Large lot

Tags

• LARGE LOT
• COVERED FRONT PORCH
• PANHANDLE AREA
• BASEMENT TYPE AREA

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $73k.

Deal economics

• At list price, monthly cash flow is $176 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($950 rent vs $73k).
• Recommended offer: $64k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 81/100 on livability (#21 in TX, #1,354 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, employment A+; Watch: amenities F, commute F.
• Panhandle ISD (rural): math 73% / reading 61% proficiency, ranked #27 of 826 in TX (top 3%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 23 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 39 units permitted in Carson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $503 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Carson County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 255 days — a 12% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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 1924 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major 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 $64,019 (12.0% below list)

Questions for the listing agent

1. It's been on market 255 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 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. 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.
8. 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.
9. 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: 1.31% ✓
• Cap rate: 9.20%
• Cash-on-cash: 10.38%
• DSCR: 1.46
• GRM: 6.4

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: -0.7%
• Equity multiple: 0.98×
• Total profit: $-509
• Equity at exit: $10,847

10-year hold

• IRR: 9.1%
• Equity multiple: 1.70×
• Total profit: $14,243
• Equity at exit: $6,290

Cash invested: $20,370 (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 79068

• Home prices YoY: -17.0%
• Active inventory: 23
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $950 medium
• Mortgage (P&I): −$382
• Tax from tax record: −$162 /mo · $1,950/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$200
• Net cashflow: $176

Break-even live

Break-even rent $727

Max offer price $72,749

Occupancy floor 76%

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: $18,187
• Closing costs: $2,182
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
601 Pecan Ave Unit 403 Panhandle, TX	2.0	1.0	1000	$950	$0.95	13d	1	0.81mi

Listing history 18 events

1. 2026-06-18
   days on market $72,749 Active 255 DOM
2. 2026-06-17
   days on market $72,749 Active 254 DOM
3. 2026-06-16
   days on market $72,749 Active 253 DOM
4. 2026-06-15
   days on market $72,749 Active 252 DOM
5. 2026-06-14
   days on market $72,749 Active 250 DOM
6. 2026-06-13
   days on market $72,749 Active 249 DOM
7. 2026-06-10
   days on market $72,749 Active 247 DOM
8. 2026-06-09
   days on market $72,749 Active 246 DOM
9. 2026-06-08
   days on market $72,749 Active 245 DOM
10. 2026-06-07
    days on market $72,749 Active 244 DOM
11. 2026-06-03
    days on market $72,749 Active 240 DOM
12. 2026-06-02
    days on market $72,749 Active 239 DOM
13. 2026-06-01
    days on market $72,749 Active 238 DOM
14. 2026-05-31
    days on market $72,749 Active 237 DOM
15. 2026-05-30
    days on market $72,749 Active 236 DOM
16. 2025-10-06
    listed $72,749 Active 838-char remark

    Show marketing remark (838 chars)

    JUST LISTED! 310 E Broadway is a FIXER UPPER located on a LARGE LOT home that is now available in the Panhandle area. The property sits on nearly a third of acre lot of land is down the road from Hwy 60 and just 30 minutes from Amarillo, TX. It boasts three bedrooms, one bathroom, and a basement type of area. Some notable features of the home include the cozy layout and accents throughout the home and a fabulous covered front porch area that overlooks the front yard. This is a fixer-upper opportunity you can quickly transform into a charming home. This property is being sold AS IS but it has a lot of potential. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and this your dream home.

17. 2025-09-10
    historical
18. 2024-09-10
    listed $72,749 Active

ⓘ 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: $1,950 · $162/mo
• Projected year-2 tax: $1,950 · $162/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 FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,400
• − Mortgage interest: −$4,075
• − Property taxes: −$1,950
• − Insurance: −$364
• − Repairs & maintenance: −$912
• − Management: −$912
• − Depreciation: −$2,116
• Taxable income: $1,071
• Est. tax owed @ 24.0%: −$257
• After-tax cash flow: $1,857/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: Panhandle ISD
• NCES district ID: 4834230
• Math proficiency: 73% ▲ 4.00%
• Reading proficiency: 61% ▼ -1.00%
• Median HH income: $63,893
• Composite: 58.27/100
• National rank: #1021
• State rank: #27 of 826 in TX

Livability — Panhandle

• Score: 81/100
• State rank: #21
• US rank: #1354

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Panhandle, TX
• Population (ZIP): 3,124

Population outlook (Carson County) Hauer SSP2

• Today (2025): 5,631 people
• By 2030: 5,516 · -2.0%
• By 2040: 5,190 · -7.8%
• By 2050: 5,007 · -11.1%
• By 2075: 4,509 · -19.9%
• By 2100: 3,458 · -38.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 13% Two or more races 5% Native American 3% Pacific Islander 2%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Slovak 2% Italian 2% Romanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Carson

• 2024 margin: Solid R (+81.2) · D 9.1% · R 90.3%
• 2008→2024 swing: -9.3pp toward R · 2008: -71.9pp · 2024: -81.2pp
• All cycles: 2024: R+81.2 2020: R+79.5 2016: R+80.4 2012: R+77.8 2008: R+71.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -34.95%
• Current HPI: 171.0533
• 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

+0.0% since first listed

3 events — show timeline

• 2025-10-06 Listed $72,749 HARMLS
• 2025-09-10 Listing Removed — HARMLS
• 2024-09-10 Listed $72,749 HARMLS

Property tax history

+10.8%/yr

Latest (2025): $1,950 · +86.7% YoY. Source: county tax records.