311 W Green St · Palestine, TX 75801

$77,000

3 bd · 1.0 ba · 1,334 sqft · SingleFamily public records · 140 Days on market

Built 1900 Fair condition 9,060 sqft lot $58/sqft · 49% below area Est $150k · 49% under ↓ 11% since listing

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.8/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor special in the heart of Palestine, Texas! Conveniently located near local amenities including shopping, dining, and everyday conveniences, this property offers incredible potential for the savvy investor. Featuring 3 bedrooms and 1 bathroom, this home is ready for your vision and updates.Enjoy a covered front porch and a detached one-car garage, perfect for parking or additional storage. The property also includes a separate building in the back that, with some TLC and reconnection of utilities, could potentially be transformed into guest quarters, a rental space, or a private office. Whether you're looking to renovate and flip, to add to your investment portfolio, or to make this your dream home, this is an excellent opportunity you don’t want to miss. Bring your ideas and make this property shine!

Key facts

• Covered front porch
• Separate building
• 9,060 sq ft lot

Tags

• COVERED FRONT PORCH
• DETACHED ONE-CAR GARAGE
• SEPARATE BUILDING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $77k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $607 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $77k).
• Recommended offer: $68k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.8% vs local median 3.8% in Palestine — 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 66/100 on livability (#657 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D+, employment D, amenities F.
• Palestine ISD (town): math 36% / reading 37% proficiency, ranked #509 of 826 in TX (top 62%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Northside Pri (465 students, 80% FRL); Story Int (math 32% / reading 31%, grade F, #997 of 1,662 statewide, top 61%, 673 students, 80% FRL); Palestine H S (math 44% / reading 41%, grade F, #721 of 1,632 statewide, top 45%, 998 students, 77% FRL).
• Market conditions: 222 active listings in the ZIP; 29 units permitted in Anderson County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($57k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $532 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Anderson County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 140 days — a 12% lower offer ($68k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 74% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $67,760 (12.0% below list)

Questions for the listing agent

1. It's been on market 140 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.92% ✓
• Cap rate: 15.75%
• Cash-on-cash: 33.78%
• DSCR: 2.50
• GRM: 4.4

CMA / ARV

• ARV (median comp): $150,144
• List price: $77,000
• Delta: -48.72%
• Verdict: UNDERPRICED
• Comps: 10 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1105 N Sycamore St	0.16mi	2/1.0 (-1)	1,251 (-6%)	10mo	$174,500	$139	69
1314 N Queen St	0.11mi	3/2.5	1,636 (+23%)	11mo	$199,000	$122	55
501 W Maffitt St	0.63mi	3/2.0	1,168 (-12%)	5mo	$45,000	$39	42
1019 N Cedar St	0.31mi	3/2.0	1,513 (+13%)	20mo	$224,900	$149	42
1412 N John St	0.19mi	2/2.0 (-1)	1,662 (+25%)	21mo	$144,999	$87	40
607 E Park Ave	1.13mi	3/1.0	1,446 (+8%)	17mo	$199,000	$138	37
914 S Micheaux St	1.37mi	2/1.5 (-1)	1,156 (-13%)	0mo	$120,000	$104	36
1810 N Link St	1.01mi	2/2.0 (-1)	1,280 (-4%)	21mo	$140,000	$109	32
115 Meadowbrook Dr	1.18mi	3/2.0	1,450 (+9%)	18mo	$80,000	$55	32
223 E Colorado St	1.29mi	2/1.0 (-1)	1,252 (-6%)	23mo	$158,999	$127	30
1310 E Lamar St	1.48mi	3/2.0	1,245 (-7%)	25mo	$149,900	$120	30
814 Moody St	1.00mi	2/1.0 (-1)	1,064 (-20%)	10mo	$29,000	$27	27

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: 29.1%
• Equity multiple: 2.22×
• Total profit: $26,213
• Equity at exit: $11,481

10-year hold

• IRR: 36.5%
• Equity multiple: 4.37×
• Total profit: $72,752
• Equity at exit: $6,658

Cash invested: $21,560 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 12 active · 2 under contract
• Months of supply: 72.0 mo (1%/mo absorbed)
• Median asking: $137,400 ($105/sqft)
• Median days on market: 166 d
• This list price: 33% of active listings are priced below it
• ARV vs active asking: +6.8% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 75801

• Home prices YoY: -35.0%
• Active inventory: 222
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,475 medium
• Mortgage (P&I): −$404
• Tax from tax record: −$122 /mo · $1,466/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$310
• Net cashflow: $607

Break-even live

Break-even rent $706

Max offer price $77,000

Occupancy floor 54%

Sensitivity live

Price	-10% $650	-5% $629	+0% $607	+5% $585	+10% $563
Rent	-10% $490	-5% $549	+0% $607	+5% $665	+10% $723
Rate	-1.0pp $646	-0.5pp $626	base $607	+0.5pp $587	+1.0pp $567

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: $19,250
• Closing costs: $2,310
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-08-08
   days on market $77,000 Active 140 DOM
2. 2026-08-07
   days on market $77,000 Active 139 DOM
3. 2026-08-06
   days on market $77,000 Active 138 DOM
4. 2026-08-05
   days on market $77,000 Active 137 DOM
5. 2026-08-04
   days on market $77,000 Active 136 DOM
6. 2026-08-03
   days on market $77,000 Active 135 DOM
7. 2026-07-31
   days on market $77,000 Active 132 DOM
8. 2026-07-29
   days on market $77,000 Active 130 DOM
9. 2026-07-27
   days on market $77,000 Active 128 DOM
10. 2026-07-25
    days on market $77,000 Active 126 DOM
11. 2026-07-24
    days on market $77,000 Active 125 DOM
12. 2026-07-23
    days on market $77,000 Active 124 DOM
13. 2026-07-22
    days on market $77,000 Active 123 DOM
14. 2026-07-21
    days on market $77,000 Active 122 DOM
15. 2026-07-18
    days on market $77,000 Active 119 DOM
16. 2026-07-16
    days on market $77,000 Active 117 DOM
17. 2026-07-15
    days on market $77,000 Active 116 DOM
18. 2026-07-14
    days on market $77,000 Active 115 DOM
19. 2026-07-13
    days on market $77,000 Active 114 DOM
20. 2026-07-12
    days on market $77,000 Active 113 DOM
21. 2026-07-12
    days on market $77,000 Active 112 DOM
22. 2026-07-11
    days on market $77,000 Active 111 DOM
23. 2026-07-09
    days on market $77,000 Active 110 DOM
24. 2026-07-09
    days on market $77,000 Active 109 DOM
25. 2026-07-07
    days on market $77,000 Active 108 DOM
26. 2026-07-06
    days on market $77,000 Active 107 DOM
27. 2026-07-05
    days on market $77,000 Active 106 DOM
28. 2026-07-04
    days on market $77,000 Active 105 DOM
29. 2026-07-03
    days on market $77,000 Active 104 DOM
30. 2026-07-02
    days on market $77,000 Active 103 DOM
31. 2026-07-01
    days on market $77,000 Active 102 DOM
32. 2026-06-30
    days on market $77,000 Active 101 DOM
33. 2026-06-29
    days on market $77,000 Active 100 DOM
34. 2026-06-28
    days on market $77,000 Active 99 DOM
35. 2026-06-27
    days on market $77,000 Active 98 DOM
36. 2026-06-26
    days on market $77,000 Active 96 DOM
37. 2026-06-22
    days on market $77,000 Active 93 DOM
38. 2026-06-21
    days on market $77,000 Active 92 DOM
39. 2026-06-19
    days on market $77,000 Active 90 DOM
40. 2026-06-18
    days on market $77,000 Active 89 DOM
41. 2026-06-17
    price $77,000 Active 88 DOM
42. 2026-06-17
    days on market $85,000 Active 88 DOM
43. 2026-06-16
    days on market $85,000 Active 87 DOM
44. 2026-06-15
    days on market $85,000 Active 86 DOM
45. 2026-06-14
    days on market $85,000 Active 84 DOM
46. 2026-06-12
    days on market $85,000 Active 83 DOM
47. 2026-06-09
    days on market $85,000 Active 80 DOM
48. 2026-06-08
    days on market $85,000 Active 79 DOM
49. 2026-06-07
    days on market $85,000 Active 78 DOM
50. 2026-06-04
    days on market $85,000 Active 74 DOM

ⓘ 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: $1,466 · $122/mo
• Projected year-2 tax: $1,466 · $122/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥111°F today · 26 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 74% 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: $17,695
• − Mortgage interest: −$4,313
• − Property taxes: −$1,466
• − Insurance: −$385
• − Repairs & maintenance: −$1,416
• − Management: −$1,416
• − Depreciation: −$2,240
• Taxable income: $6,460
• Est. tax owed @ 24.0%: −$1,550
• After-tax cash flow: $5,732/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.

Condition & rehab AI · 9 photos

Fair 45/100 Moderate rehab Est. rehab $33,350–$60,030 screening

This property requires moderate renovations to improve its condition and increase its value. Key areas for improvement include the kitchen, bathroom, flooring, and exterior. Upgrading these areas will significantly enhance the home's appeal and value for both resale and rental.

Components & finishes AI

Roof asphalt shingle · good

Deferred maintenance Est. $500–$2,000 screening

• Minor Roof (roof) — No visible signs of damage or wear on the roof.

Repairs flagged

• Major Kitchen cabinets — Severe wear and tear.
• Major Kitchen appliances — Outdated and in poor condition.
• Major Bathroom fixtures — Worn and outdated, requiring replacement.
• Moderate Exterior siding — Weathered and in need of repainting.
• Moderate Front porch — Worn and in need of repair.
• Major Flooring — Severe wear and tear, requiring replacement.
• Moderate Paint — Chipped and uneven in some areas, requiring touch-up or repainting.
• Moderate Windows — May need cleaning or replacement, depending on condition.
• Moderate HVAC system — May need maintenance or replacement, depending on condition.
• Major Landscaping — Overgrown and in need of trimming and maintenance.

Value-add opportunities

• Both Replace kitchen cabinets and appliances — Modernizing the kitchen will improve both resale and rental value. ↑
• Both Replace bathroom fixtures — Updating the bathroom will improve both resale and rental value. ↑
• Both Paint interior walls and trim — Fresh paint will improve the home's curb appeal and interior aesthetics. ↑
• Both Replace worn flooring — New flooring will improve the home's appearance and increase its value. ↑
• Both Trim and maintain landscaping — A well-maintained yard will improve the home's curb appeal and increase its value. ↑
• Both Replace exterior siding — Fresh siding will improve the home's curb appeal and increase its value. ↑
• Both Repair and paint front porch — A repaired and painted porch will improve the home's curb appeal and increase its value. ↑
• Both Replace HVAC system — A new HVAC system will improve the home's comfort and energy efficiency, increasing its value. ↑
• Both Replace windows — New windows will improve the home's energy efficiency and curb appeal, increasing its value. ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 38/100

Zoned Schools

Elementary Southside El F TX #2,525/4,322 Nat'l #26,716/41,679 Middle Palestine J H D- TX #553/1,662 Nat'l #5,285/14,009 High Palestine H S F TX #721/1,632 Nat'l #7,501/17,239

Schools (NCES district)

• District: Palestine ISD
• NCES district ID: 4834050
• Math proficiency: 36% ▼ -12.00%
• Reading proficiency: 37% ▼ -1.00%
• Median HH income: $36,881
• Composite: 30.34/100
• National rank: #6267
• State rank: #509 of 826 in TX

C Composite livability gradescore 66/100

Livability — Palestine

• Score: 66/100
• State rank: #657
• US rank: #12357

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palestine, TX
• County: Anderson County · 56,663 people
• City population: 17,531
• Metro: Palestine, TX
• Population (ZIP): 17,531
• Household income: $56,787
• Rent vs Own: 38.0% rent · 62.0% own
• Severe rent burden: 12% of renters

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Population outlook (Anderson County) Hauer SSP2

• Today (2025): 56,663 people
• By 2030: 57,373 · +1.3%
• By 2040: 58,960 · +4.1%
• By 2050: 59,073 · +4.3%
• By 2075: 53,737 · -5.2%
• By 2100: 42,516 · -25.0%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 48% Black 27% Hispanic / Latino 17% Two or more races 15% Native American 3%
• Hispanic origin (detail): Mexican 12%
• Common ancestry: Lithuanian 2% Iranian 1% Slovak 1%
• Foreign-born: 8% · Canada
• Languages at home: 85% English-only · Spanish 12%

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Political lean MEDSL · Anderson

• 2024 margin: Solid R (+61.8) · D 18.8% · R 80.6%
• 2008→2024 swing: -18.3pp toward R · 2008: -43.5pp · 2024: -61.8pp
• All cycles: 2024: R+61.8 2020: R+58.0 2016: R+58.1 2012: R+52.2 2008: R+43.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -83.17%
• Current HPI: 154.6138
• Rent YoY: —
• Metro: Palestine, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

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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

-10.5% since first listed

3 events — show timeline

• 2026-04-28 Price Changed $85,000 NTREIS
• 2026-03-21 Listed $95,000 NTREIS
• 1978-08-25 Sold (Public Records) — Public Records

Property tax history

+6.7%/yr

Latest (2025): $1,466 · +9.7% YoY. Source: county tax records.