726 Swancy St · Longview, TX 75602

$139,999

3 bd · 2.0 ba · 1,268 sqft · SingleFamily public records · 117 Days on market

Built 1971 7,405 sqft lot $110/sqft · at area comps Est $145k · at est. ↓ 7% 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 +18.5/30.0
• ARV discount +8.9/15.0
• DSCR +5.8/10.0
• 1% rule +5.1/10.0
• Schools +4.0/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming 3-bedroom home located in Longview ISD and centrally situated for convenience. This home is perfect for a first-time homebuyer or an investor looking to add to their portfolio. The property offers one full bathroom and a half bath, making it ideal for comfortable everyday living. Recent updates include fresh interior paint throughout, new lighting, and durable vinyl flooring that creates a modern, cohesive look. The exterior has also been freshly painted, enhancing curb appeal and making this home truly move-in ready. Enjoy easy access to I-20, providing quick commutes to Tyler or Shreveport, while still being close to shopping, dining, and local amenities. Step outside to a privacy-fenced backyard—perfect for pets, play, or outdoor relaxation. Don’t miss this great opportunity to own an updated home in a convenient location!

Key facts

• New lighting
• Fresh interior paint
• Easy access to i-20

Tags

• FRESH INTERIOR PAINT
• NEW LIGHTING
• DURABLE VINYL FLOORING
• FRESHLY PAINTED EXTERIOR
• PRIVACY-FENCED BACKYARD
• EASY ACCESS TO I-20

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $132 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $140k).
• Recommended offer: $127k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.4% vs local median 3.0% in Longview — 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 73/100 on livability (#213 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, crime D+, schools D.
• Longview ISD (urban): math 49% / reading 46% proficiency, ranked #244 of 826 in TX (top 30%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 142 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 193 units permitted in Gregg County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($52k/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 $968 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 117 days — a 9% lower offer ($127k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 58% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $127,399 (9.0% below list)

Questions for the listing agent

1. It's been on market 117 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 1.01% ✓
• Cap rate: 7.43%
• Cash-on-cash: 4.06%
• DSCR: 1.18
• GRM: 8.3

CMA / ARV

• ARV (median comp): $144,587
• List price: $139,999
• Delta: -3.17%
• Verdict: FAIR
• Comps: 3 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -9.9%
• Equity multiple: 0.64×
• Total profit: $-14,218
• Equity at exit: $20,874

10-year hold

• IRR: -0.5%
• Equity multiple: 0.96×
• Total profit: $-1,394
• Equity at exit: $12,105

Cash invested: $39,200 (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 75602

• Home prices YoY: -17.5%
• Active inventory: 142
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,411 high
• Mortgage (P&I): −$734
• Tax from tax record: −$189 /mo · $2,272/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $132

Break-even live

Break-even rent $1,243

Max offer price $139,999

Occupancy floor 86%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3420 Bronco St Longview, TX	3.0	2.0	1440	$1,350	$0.94	13d	1	0.38mi
3307 Johnson St Longview, TX	3.0	2.0	1090	$1,149	$1.05	43d	1	0.51mi
11 Neal St Longview, TX	3.0	2.0	1335	$1,975	$1.48	13d	1	0.78mi
222 Bostic Dr Longview, TX	3.0	2.0	1189	$1,221	$1.03	43d	1	0.90mi
5515 W Loop 281 Longview, TX	1.0–3.0	1.0–2.0	925	$1,025	$1.11	43d	7	0.90mi
2115 Victory St Longview, TX	3.0	2.0	1090	$1,199	$1.10	43d	1	1.03mi
1115 E Birdsong St Longview, TX	3.0	2.0	1090	$1,364	$1.25	13d	1	1.36mi
1109 E Birdsong St Longview, TX	3.0	2.0	1090	$1,399	$1.28	13d	1	1.37mi

Listing history 3 events

1. 2026-05-14
   status Pending 874-char remark

   Show marketing remark (874 chars)

   Welcome to this charming 3-bedroom home located in Longview ISD and centrally situated for convenience. This home is perfect for a first-time homebuyer or an investor looking to add to their portfolio. The property offers one full bathroom and a half bath, making it ideal for comfortable everyday living. Recent updates include fresh interior paint throughout, new lighting, and durable vinyl flooring that creates a modern, cohesive look. The exterior has also been freshly painted, enhancing curb appeal and making this home truly move-in ready. Enjoy easy access to I-20, providing quick commutes to Tyler or Shreveport, while still being close to shopping, dining, and local amenities. Step outside to a privacy-fenced backyard—perfect for pets, play, or outdoor relaxation. Don’t miss this great opportunity to own an updated home in a convenient location!

2. 2026-04-27
   price $139,999 874-char remark

   Show marketing remark (874 chars)

   Welcome to this charming 3-bedroom home located in Longview ISD and centrally situated for convenience. This home is perfect for a first-time homebuyer or an investor looking to add to their portfolio. The property offers one full bathroom and a half bath, making it ideal for comfortable everyday living. Recent updates include fresh interior paint throughout, new lighting, and durable vinyl flooring that creates a modern, cohesive look. The exterior has also been freshly painted, enhancing curb appeal and making this home truly move-in ready. Enjoy easy access to I-20, providing quick commutes to Tyler or Shreveport, while still being close to shopping, dining, and local amenities. Step outside to a privacy-fenced backyard—perfect for pets, play, or outdoor relaxation. Don’t miss this great opportunity to own an updated home in a convenient location!

3. 2026-01-17
   listed $149,999 Active 874-char remark

   Show marketing remark (874 chars)

   Welcome to this charming 3-bedroom home located in Longview ISD and centrally situated for convenience. This home is perfect for a first-time homebuyer or an investor looking to add to their portfolio. The property offers one full bathroom and a half bath, making it ideal for comfortable everyday living. Recent updates include fresh interior paint throughout, new lighting, and durable vinyl flooring that creates a modern, cohesive look. The exterior has also been freshly painted, enhancing curb appeal and making this home truly move-in ready. Enjoy easy access to I-20, providing quick commutes to Tyler or Shreveport, while still being close to shopping, dining, and local amenities. Step outside to a privacy-fenced backyard—perfect for pets, play, or outdoor relaxation. Don’t miss this great opportunity to own an updated home in a convenient location!

ⓘ 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: $2,272 · $189/mo
• Projected year-2 tax: $2,562 · $213/mo
• Expected delta: +$290/yr (+$24/mo · 12.8%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 25 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 58% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,926
• − Mortgage interest: −$7,842
• − Property taxes: −$2,272
• − Insurance: −$700
• − Repairs & maintenance: −$1,354
• − Management: −$1,354
• − Depreciation: −$4,073
• Taxable loss: −$669
• Est. tax savings @ 24.0%: +$161
• After-tax cash flow: $1,750/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: Longview ISD
• NCES district ID: 4828110
• Math proficiency: 49% ▼ -4.00%
• Reading proficiency: 46% ▼ -1.00%
• Median HH income: $39,837
• Composite: 39.76/100
• National rank: #3889
• State rank: #244 of 826 in TX

Livability — Longview

• Score: 73/100
• State rank: #213
• US rank: #5287

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Longview, TX
• County: Gregg County · 128,826 people
• City population: 103,792
• Metro: Longview, TX
• Population (ZIP): 20,671
• Household income: $52,330
• Rent vs Own: 37.3% rent · 62.7% own
• Severe rent burden: 724.0

Population outlook (Gregg County) Hauer SSP2

• Today (2025): 125,947 people
• By 2030: 126,542 · +0.5%
• By 2040: 127,311 · +1.1%
• By 2050: 127,289 · +1.1%
• By 2075: 124,954 · -0.8%
• By 2100: 113,737 · -9.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: Hispanic / Latino 39% White 30% Black 28% Two or more races 28% Asian 1%
• Hispanic origin (detail): Mexican 37%
• Common ancestry: Italian 1% Serbian 1%
• Foreign-born: 18% · Canada, Vietnam
• Languages at home: 64% English-only · Spanish 35% Other Indo-European 1%

Political lean MEDSL · Gregg

• 2024 margin: Solid R (+42.2) · D 28.5% · R 70.7%
• 2008→2024 swing: -4.6pp toward R · 2008: -37.6pp · 2024: -42.2pp
• All cycles: 2024: R+42.2 2020: R+36.9 2016: R+41.3 2012: R+39.5 2008: R+37.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -46.34%
• Current HPI: 218.2988
• Rent YoY: —
• Metro: Longview, TX
• 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

-6.7% since first listed

3 events — show timeline

• 2026-05-14 Pending — LAAR
• 2026-04-27 Price Changed $139,999 LAAR
• 2026-01-17 Listed $149,999 LAAR

Property tax history

+4.8%/yr

Latest (2025): $2,272 · +5.6% YoY. Source: county tax records.