700 S Bowie Ave · Tulia, TX 79088

$115,000

3 bd · 2.0 ba · 1,490 sqft · SingleFamily public records · 384 Days on market

Built 1975 9,147 sqft lot $77/sqft · 44% below area Est $206k · 44% under ↓ 12% 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).

• ARV discount +15.0/15.0
• Cash flow +7.3/30.0
• Appreciation +5.6/10.0
• 1% rule +3.3/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• DSCR +1.4/10.0

Listing remarks MLS

Welcome to this 3-bedroom, 2-bathroom home, perfectly situated on a spacious corner lot. The property features a 2-car garage and a generously sized backyard complete with a storage shed—ideal for extra storage or hobbies. Enjoy the convenience of being within walking distance to Mackenzie Park, where you'll find baseball fields, playgrounds, scenic walking trails, and more. This home offers both comfort and functionality, making it a great fit for families or anyone looking to enjoy a vibrant, outdoor-friendly neighborhood. This home has a new roof, new fascia and a new HVAC

Key facts

• Playgrounds
• Storage shed
• Corner lot

Tags

• CORNER LOT
• GENEROUSLY SIZED BACKYARD
• STORAGE SHED
• BASEBALL FIELDS
• PLAYGROUNDS
• SCENIC WALKING TRAILS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $-154 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $88k (23.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $95k (17.0% below list).
• Recommended offer: $88k (23.7% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 56/100 on livability (#1,297 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: crime D-, amenities F, commute F.
• Tulia ISD (town): math 22% / reading 21% proficiency, ranked #768 of 826 in TX (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Tulia El (math 17% / reading 17%, grade F, #3,836 of 4,322 statewide, top 91%, 408 students, 82% FRL); Tulia J H (math 28% / reading 22%, grade F, #1,258 of 1,662 statewide, top 77%, 206 students, 82% FRL); Tulia H S (math 22% / reading 32%, grade F, #1,204 of 1,632 statewide, top 75%, 282 students, 80% FRL).
• Market conditions: 47 active listings in the ZIP.

Forward outlook

• In year one you build about $2k of equity ($795 loan paydown + $1k appreciation (1.3% local appreciation)).
• Swisher County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 384 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price.
• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $87,751 (23.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 384 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
3. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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?
10. 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.
11. 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.
12. 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: 0.83% ✗
• Cap rate: 4.68%
• Cash-on-cash: -5.75%
• DSCR: 0.74
• GRM: 10.0

CMA / ARV

• ARV (median comp): $206,115
• List price: $115,000
• Delta: -44.21%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

1.26% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -3.7%
• Equity multiple: 0.81×
• Total profit: $-6,143
• Equity at exit: $40,799

10-year hold

• IRR: 1.4%
• Equity multiple: 1.18×
• Total profit: $5,738
• Equity at exit: $55,429

Cash invested: $32,200 (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 79088

• Home prices YoY: 0.8%
• Active inventory: 47
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $954 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$257 /mo · $3,083/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$200
• Net cashflow: $-154

Break-even live

Break-even rent $1,149

Max offer price $87,751

Occupancy floor —

Sensitivity live

Price	-10% $-89	-5% $-122	+0% $-154	+5% $-187	+10% $-219
Rent	-10% $-230	-5% $-192	+0% $-154	+5% $-117	+10% $-79
Rate	-1.0pp $-96	-0.5pp $-125	base $-154	+0.5pp $-184	+1.0pp $-214

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-05-05
   status Pending 588-char remark

   Show marketing remark (588 chars)

   Welcome to this 3-bedroom, 2-bathroom home, perfectly situated on a spacious corner lot. The property features a 2-car garage and a generously sized backyard complete with a storage shed—ideal for extra storage or hobbies. Enjoy the convenience of being within walking distance to Mackenzie Park, where you'll find baseball fields, playgrounds, scenic walking trails, and more. This home offers both comfort and functionality, making it a great fit for families or anyone looking to enjoy a vibrant, outdoor-friendly neighborhood. This home has a new roof, new fascia and a new HVAC

2. 2026-03-23
   status Active 588-char remark

   Show marketing remark (588 chars)

   Welcome to this 3-bedroom, 2-bathroom home, perfectly situated on a spacious corner lot. The property features a 2-car garage and a generously sized backyard complete with a storage shed—ideal for extra storage or hobbies. Enjoy the convenience of being within walking distance to Mackenzie Park, where you'll find baseball fields, playgrounds, scenic walking trails, and more. This home offers both comfort and functionality, making it a great fit for families or anyone looking to enjoy a vibrant, outdoor-friendly neighborhood. This home has a new roof, new fascia and a new HVAC

3. 2026-03-18
   status Pending 588-char remark

   Show marketing remark (588 chars)

   Welcome to this 3-bedroom, 2-bathroom home, perfectly situated on a spacious corner lot. The property features a 2-car garage and a generously sized backyard complete with a storage shed—ideal for extra storage or hobbies. Enjoy the convenience of being within walking distance to Mackenzie Park, where you'll find baseball fields, playgrounds, scenic walking trails, and more. This home offers both comfort and functionality, making it a great fit for families or anyone looking to enjoy a vibrant, outdoor-friendly neighborhood. This home has a new roof, new fascia and a new HVAC

4. 2026-02-27
   price $115,000 588-char remark

   Show marketing remark (588 chars)

   Welcome to this 3-bedroom, 2-bathroom home, perfectly situated on a spacious corner lot. The property features a 2-car garage and a generously sized backyard complete with a storage shed—ideal for extra storage or hobbies. Enjoy the convenience of being within walking distance to Mackenzie Park, where you'll find baseball fields, playgrounds, scenic walking trails, and more. This home offers both comfort and functionality, making it a great fit for families or anyone looking to enjoy a vibrant, outdoor-friendly neighborhood. This home has a new roof, new fascia and a new HVAC

5. 2025-04-11
   listed $130,000 Active 588-char remark

   Show marketing remark (588 chars)

   Welcome to this 3-bedroom, 2-bathroom home, perfectly situated on a spacious corner lot. The property features a 2-car garage and a generously sized backyard complete with a storage shed—ideal for extra storage or hobbies. Enjoy the convenience of being within walking distance to Mackenzie Park, where you'll find baseball fields, playgrounds, scenic walking trails, and more. This home offers both comfort and functionality, making it a great fit for families or anyone looking to enjoy a vibrant, outdoor-friendly neighborhood. This home has a new roof, new fascia and a new HVAC

6. 2002-12-04
   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: $3,083 · $257/mo
• Projected year-2 tax: $3,083 · $257/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 0% chance over 30 yrs
• 🔥 Wildfire 9/10 Extreme
• 🌡 Heat 5/10 Major 7 d/yr ≥98°F today · 18 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: $11,448
• − Mortgage interest: −$6,442
• − Property taxes: −$3,083
• − Insurance: −$575
• − Repairs & maintenance: −$916
• − Management: −$916
• − Depreciation: −$3,345
• Taxable loss: −$3,829
• Est. tax savings @ 24.0%: +$919
• After-tax cash flow: $-932/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: Tulia ISD
• NCES district ID: 4843320
• Math proficiency: 22% ▼ -9.00%
• Reading proficiency: 21% ▼ -6.00%
• Median HH income: $36,346
• Composite: 17.86/100
• National rank: #9004
• State rank: #768 of 826 in TX

Livability — Tulia

• Score: 56/100
• State rank: #1297
• US rank: #22536

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tulia, TX
• Population (ZIP): 5,315

Population outlook (Swisher County) Hauer SSP2

• Today (2025): 7,108 people
• By 2030: 6,928 · -2.5%
• By 2040: 6,468 · -9.0%
• By 2050: 6,017 · -15.3%
• By 2075: 4,875 · -31.4%
• By 2100: 3,447 · -51.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: Hispanic / Latino 45% White 39% Two or more races 16% Black 10%
• Hispanic origin (detail): Mexican 39%
• Common ancestry: Romanian 1% Slovak 1%
• Foreign-born: 9% · Canada
• Languages at home: 71% English-only · Spanish 29%

Political lean MEDSL · Swisher

• 2024 margin: Solid R (+63.5) · D 17.8% · R 81.2%
• 2008→2024 swing: -29.1pp toward R · 2008: -34.3pp · 2024: -63.5pp
• All cycles: 2024: R+63.5 2020: R+58.0 2016: R+55.2 2012: R+47.5 2008: R+34.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.26%
• Current HPI: 158.3302
• 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

-11.5% since first listed

6 events — show timeline

• 2026-05-05 Pending — LARMLS
• 2026-03-23 Relisted — LARMLS
• 2026-03-18 Pending — LARMLS
• 2026-02-27 Price Changed $115,000 LARMLS
• 2025-04-11 Listed $130,000 LARMLS
• 2002-12-04 Sold (Public Records) — Public Records

Property tax history

+6.7%/yr

Latest (2025): $3,083 · +9.5% YoY. Source: county tax records.