305 W Elms Rd · Killeen, TX 76542

$89,900

3 bd · 2.0 ba · 164 sqft · Other public records · 8 Days on market

Built 2026

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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 +26.0/30.0
• DSCR +8.7/10.0
• ARV discount +7.5/15.0
• 1% rule +6.9/10.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks

This is a brand new 3 bedroom, 2 bathroom home available now for purchase with a monthly lot rent of $450. The home features an open concept layout, a kitchen island and pantry, and three spacious rooms. One bathroom has a double vanity too. The kitchen is fully equipped with a dishwasher, fridge, and oven. The home is located in the community Southern Hill Manufactured Home Community in Killeen, and some of the amenities you can enjoy are a basketball court and an on-site mail area.

Key facts

• Pantry
• Double vanity
• Basketball court

Tags

• OPEN CONCEPT LAYOUT
• KITCHEN ISLAND
• PANTRY
• DOUBLE VANITY
• FULLY EQUIPPED KITCHEN
• BASKETBALL COURT

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $90k.

Deal economics

• At list price, monthly cash flow is $223 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Cap rate 9.3% vs local median 3.9% in Killeen — 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 63/100 on livability (#853 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, amenities D, employment D.
• Killeen ISD (urban): math 31% / reading 38% proficiency, ranked #524 of 826 in TX (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-1.9%/yr); 643 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% of comp listings sitting > 30 days — soft ceiling on asking rent; 3,222 units permitted in Bell County in 2024 (246 in 5+ unit buildings).
• This rent is only 17% of the median local income ($74k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Bell County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 56% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 6→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $89,900

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 1.19% ✓
• Cap rate: 9.26%
• Cash-on-cash: 10.61%
• DSCR: 1.47
• GRM: 7.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -3.8%
• Equity multiple: 0.86×
• Total profit: $-3,503
• Equity at exit: $13,404

10-year hold

• IRR: 2.0%
• Equity multiple: 1.13×
• Total profit: $3,175
• Equity at exit: $7,773

Cash invested: $25,172 (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 76542

• Home prices YoY: -21.7%
• Rents YoY: -1.9%
• Active inventory: 643
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,068 high
• Mortgage (P&I): −$471
• Tax est. 1.5%: −$112 /mo · $1,348/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$224
• Net cashflow: $223

Break-even live

Break-even rent $786

Max offer price $89,900

Occupancy floor 74%

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3804 Charolais Dr Unit C Killeen, TX	2.0	1.5	890	$850	$0.96	23d	1	0.15mi
3810 Charolais Dr Apt B Killeen, TX	2.0	1.5	—	$795	—	23d	1	0.15mi
3904 Charolais Dr Killeen, TX	2.0	1.5	1005	$795	$0.79	43d	1	0.18mi
206 Castellon Ct Unit A Killeen, TX	3.0	2.0	1200	$1,205	$1.00	43d	1	0.19mi
3907 Charolais Dr Unit B Killeen, TX	2.0	1.0	—	$700	—	43d	1	0.20mi
101 E Elms Rd #149 Killeen, TX	3.0	2.0	1080	$1,250	$1.16	13d	1	0.21mi
108 Castellon Ct Unit B Killeen, TX	3.0	2.0	1020	$1,150	$1.13	43d	1	0.21mi
505 Longhorn Cir Unit C Killeen, TX	2.0	1.5	1021	$700	$0.69	23d	1	0.22mi
103 Castellon Ct Unit A Killeen, TX	3.0	2.0	997	$1,077	$1.08	23d	1	0.24mi
103 Castellon Ct Unit B Killeen, TX	3.0	2.0	977	$1,097	$1.12	43d	1	0.24mi
103 Castellon Ct Killeen, TX	3.0	2.0	977	$1,077	$1.10	43d	1	0.24mi
3702 Hereford Ln Apt A Killeen, TX	2.0	1.5	1100	$795	$0.72	43d	1	0.27mi
3312 Cantabrian Dr Unit C Killeen, TX	2.0	1.5	2016	$750	$0.37	23d	1	0.30mi
3312 Cantabrian Dr Unit D Killeen, TX	3.0	2.0	2016	$1,050	$0.52	43d	1	0.30mi
3409 Toledo Dr Killeen, TX	3.0	2.0	1134	$900	$0.79	21d	1	0.30mi
3407 Toledo Dr Unit D Killeen, TX	3.0	2.0	1184	$800	$0.68	23d	1	0.31mi
3407 Toledo Dr Unit C Killeen, TX	3.0	2.0	1184	$800	$0.68	43d	1	0.31mi
3803 Ys Pak Ct Unit C Killeen, TX	2.0	1.5	3388	$775	$0.23	43d	1	0.32mi
3400 Cantabrian Dr Unit A Killeen, TX	2.0	1.0	889	$795	$0.89	43d	1	0.33mi
3705 Ys Pak Ct Unit B Killeen, TX	2.0	1.5	927	$775	$0.84	13d	1	0.33mi
3402 Hereford Ln Killeen, TX	3.0	2.0	1172	$750	$0.64	13d	1	0.33mi
3302 Alicante Ct Unit B Killeen, TX	3.0	2.0	1100	$1,210	$1.10	23d	1	0.34mi
3402 Cantabrian Dr Unit B Killeen, TX	3.0	2.0	4640	$850	$0.18	43d	1	0.34mi
3407 Hereford Ln Apt A Killeen, TX	3.0	2.0	1134	$795	$0.70	13d	1	0.34mi
3701 Ys Pak Ct Apt F Killeen, TX	2.0	1.5	915	$675	$0.74	43d	1	0.35mi
3405 Hereford Ln Unit C Killeen, TX	3.0	2.0	1134	$775	$0.68	43d	1	0.35mi
502 Sladecek Dr Unit A Killeen, TX	3.0	2.0	1304	$1,275	$0.98	43d	1	0.35mi
3408 Barcelona Dr Apt C Killeen, TX	3.0	2.0	1100	$895	$0.81	13d	1	0.36mi
3307 Toledo Dr Unit B Killeen, TX	3.0	2.0	4536	$750	$0.17	23d	1	0.36mi
3307 Toledo Dr Unit B Killeen, TX	3.0	2.0	1134	$750	$0.66	43d	1	0.36mi
3304 Hereford Ln Unit D Killeen, TX	3.0	2.0	1134	$795	$0.70	43d	1	0.37mi
3307 Hereford Ln Unit D Killeen, TX	3.0	2.0	—	$875	—	23d	1	0.37mi
3303 Toledo Dr Unit D Killeen, TX	3.0	2.0	1100	$895	$0.81	13d	1	0.38mi
3303 Toledo Dr Apt C Killeen, TX	3.0	2.0	1100	$1,050	$0.95	23d	1	0.38mi
3210 Toledo Dr Unit A Killeen, TX	3.0	2.0	2234	$1,150	$0.51	43d	1	0.39mi
2800 Cantabrian Dr Unit A Killeen, TX	3.0	2.0	1134	$1,195	$1.05	43d	1	0.39mi
601 Sladecek Dr Unit B Killeen, TX	3.0	2.0	1340	$1,500	$1.12	43d	1	0.39mi
601 Sladecek Dr Killeen, TX	3.0	2.0	1340	$1,200	$0.90	43d	1	0.39mi
3301 Toledo Dr Apt D Killeen, TX	3.0	2.0	1172	$950	$0.81	43d	1	0.40mi
2802 Cantabrian Dr Killeen, TX	3.0	2.0	4592	$950	$0.21	43d	1	0.40mi

Listing history 7 events

1. 2026-06-18
   days on market $89,900 Active 8 DOM
2. 2026-06-17
   days on market $89,900 Active 7 DOM
3. 2026-06-16
   days on market $89,900 Active 6 DOM
4. 2026-06-15
   days on market $89,900 Active 5 DOM
5. 2026-06-14
   days on market $89,900 Active 3 DOM
6. 2026-06-13
   remarks 488-char remark
7. 2026-06-13
   listed $89,900 Active 2 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 6 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 56% 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: $12,819
• − Mortgage interest: −$5,036
• − Property taxes: −$1,348
• − Insurance: −$450
• − Repairs & maintenance: −$1,026
• − Management: −$1,026
• − Depreciation: −$2,615
• Taxable income: $1,319
• Est. tax owed @ 24.0%: −$317
• After-tax cash flow: $2,355/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: Killeen ISD
• NCES district ID: 4825660
• Math proficiency: 31% ▼ -16.00%
• Reading proficiency: 38% ▼ -3.00%
• Median HH income: $47,665
• Composite: 29.69/100
• National rank: #6458
• State rank: #524 of 826 in TX

Livability — Killeen

• Score: 63/100
• State rank: #853
• US rank: #15359

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Killeen, TX
• County: Bell County · 345,090 people
• City population: 163,398
• Metro: Killeen-Temple, TX
• Population (ZIP): 53,892
• Household income: $74,055
• Rent vs Own: 34.7% rent · 65.3% own
• Severe rent burden: 1167.0

Population outlook (Bell County) Hauer SSP2

• Today (2025): 371,114 people
• By 2030: 389,104 · +4.8%
• By 2040: 420,592 · +13.3%
• By 2050: 447,779 · +20.7%
• By 2075: 499,130 · +34.5%
• By 2100: 505,680 · +36.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.74)
• Race & ethnicity: Black 34% White 27% Hispanic / Latino 26% Two or more races 17% Asian 5%
• Hispanic origin (detail): Mexican 13% Puerto Rican 9%
• Common ancestry: Italian 1% Lithuanian 1% Slovak 1%
• Foreign-born: 10% · Canada, South Korea, Vietnam
• Languages at home: 79% English-only · Spanish 15% Korean 1% German/W. Germanic 1%

Political lean MEDSL · Bell

• 2024 margin: R (+16.2) · D 41.3% · R 57.6% · Other 1.1%
• 2008→2024 swing: -6.5pp toward R · 2008: -9.8pp · 2024: -16.2pp
• All cycles: 2024: R+16.2 2020: R+8.5 2016: R+15.1 2012: R+16.4 2008: R+9.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -43.94%
• Current HPI: 158.4385
• Rent YoY: ▼ -1.85%
• Metro: Killeen-Temple, 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

1 event — show timeline

• 2026-06-11 Listed $89,900 FSBO.com

Property tax history

+63.2%/yr

Latest (2026): $63,293 · +11.3% YoY. Source: county tax records.