BAYLOR Plan · Boyd, TX 76023

$252,990

4 bd · 2.0 ba · 1,477 sqft · SingleFamily · 124 Days on market

Good condition

---

Why this score? — see what drove the F 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 +7.7/30.0
• ARV discount +7.5/15.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• 1% rule +2.3/10.0
• DSCR +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

The Baylor is a spacious single-story home offering approximately 1477 sq. ft. of living space with 4 bedrooms and 2 bathrooms. A welcoming front porch and foyer lead into an open-concept design where the kitchen, dining area, and family room create a bright and connected main living space. The kitchen features stainless steel appliances, a centrally located sink with views toward the living areas, and a walk-in pantry for added storage and convenience. The private primary suite is located at the rear of the home and includes a walk-in closet and a full bath. Three additional bedrooms sit toward the front of the home, each with its own closet and easy access to the secondary bathroom-making this layout ideal for larger households, guests, or flexible use such as a home office or playroom. A dedicated laundry room, linen and coat storage, and direct access to the two-car garage add everyday functionality. A rear stoop provides a simple outdoor extension of the living space, rounding out the Baylor's well-balanced and family-friendly design. Photos shown here may not depict the specified home and features and are included for illustration purposes only. Elevations, exterior/ interior colors, options, available upgrades, and standard features will vary in each community and may change without notice. May include options, elevations, and upgrades (such as patio covers, front porches, stone options, and lot premiums) that require an additional charge. Landscaping and furnishings

Key facts

• 2 garage spots
• Listed 124 days

🏗️ New construction. The $252,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $282,300.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $253k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-328 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $235k (7.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $205k (18.8% below list).
• Recommended offer: $205k (18.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 74/100 on livability (#185 in TX, #4,775 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D-, amenities F, commute F.
• Boyd ISD (rural): math 36% / reading 38% proficiency, ranked #462 of 826 in TX (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 201 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 460 units permitted in Wise County in 2024 (243 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Wise County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 124 days — a 12% lower offer ($223k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $205,487 (18.8% 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 124 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
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. 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?
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: 0.73% ✗
• Cap rate: 4.90%
• Cash-on-cash: -4.97%
• DSCR: 0.78
• GRM: 11.4

CMA / ARV

• ARV (median comp): $282,300
• List price: $252,990
• Delta: -10.38%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
135 Mojave Rd	0.22mi	3/2.0 (-1)	1,442 (-2%)	1mo	$265,507	$184	80
136 Lilywood Ln	0.30mi	3/2.0 (-1)	1,442 (-2%)	2mo	$254,990	$177	75
128 Lilywood Ln	0.32mi	3/2.0 (-1)	1,440 (-2%)	1mo	$259,660	$180	75
120 Lilywood Rd	0.33mi	3/2.0 (-1)	1,442 (-2%)	3mo	$271,640	$188	73
172 Mojave Rd	0.29mi	3/2.0 (-1)	1,566 (+6%)	1mo	$269,990	$172	71
211 Greenhill Trl	0.43mi	3/2.0 (-1)	1,450 (-2%)	3mo	$290,990	$201	70
132 Lilywood Ln	0.31mi	3/2.0 (-1)	1,566 (+6%)	2mo	$259,990	$166	69
144 Lilywood Ln	0.29mi	3/2.0 (-1)	1,566 (+6%)	3mo	$265,990	$170	69
188 Mojave Rd	0.32mi	3/2.0 (-1)	1,566 (+6%)	2mo	$259,990	$166	68
207 Greenhill Trl	0.42mi	4/2.0	1,602 (+8%)	2mo	$300,990	$188	64
140 Lilywood Ln	0.30mi	3/2.0 (-1)	1,331 (-10%)	3mo	$259,990	$195	62
130 Chestnut Ter	0.48mi	4/2.0	1,602 (+8%)	3mo	$294,990	$184	61

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: -24.7%
• Equity multiple: 0.16×
• Total profit: $-66,576
• Equity at exit: $42,092

10-year hold

• IRR: -20.4%
• Equity multiple: -0.07×
• Total profit: $-84,712
• Equity at exit: $24,408

Cash invested: $79,044 (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 76023

• Home prices YoY: -3.6%
• Active inventory: 201
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $2,055 medium
• Mortgage (P&I): −$1,480
• Tax est. 1.5%: −$353 /mo · $4,234/yr
• Insurance: −$118
• HOA: −$0
• Vacancy / Maint / Mgmt: −$432
• Net cashflow: $-328

Break-even live

Break-even rent $2,470

Max offer price $234,901

Occupancy floor —

Sensitivity live

Price	-10% $-132	-5% $-230	+0% $-328	+5% $-425	+10% $-523
Rent	-10% $-490	-5% $-409	+0% $-328	+5% $-246	+10% $-165
Rate	-1.0pp $-185	-0.5pp $-256	base $-328	+0.5pp $-401	+1.0pp $-475

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: $70,575
• Closing costs: $8,469
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
156 Birch St Boyd, TX	4.0	2.0	1587	$2,150	$1.35	2d	1	0.21mi
134 Gerber Ln Boyd, TX	3.0	2.0	1566	$2,100	$1.34	44d	1	0.32mi
139 Mojave RD Boyd, TX	3.0	2.0	1331	$1,975	$1.48	25d	1	0.32mi
477 S Evans St Unit 300 Boyd, TX	3.0	2.5	1681	$1,800	$1.07	3d	1	0.67mi

Listing history 14 events

1. 2026-06-18
   days on market $252,990 Active 124 DOM
2. 2026-06-17
   days on market $252,990 Active 123 DOM
3. 2026-06-16
   days on market $252,990 Active 122 DOM
4. 2026-06-15
   days on market $252,990 Active 121 DOM
5. 2026-06-13
   days on market $252,990 Active 119 DOM
6. 2026-06-09
   days on market $252,990 Active 115 DOM
7. 2026-06-08
   days on market $252,990 Active 114 DOM
8. 2026-06-07
   days on market $252,990 Active 113 DOM
9. 2026-06-04
   days on market $252,990 Active 110 DOM
10. 2026-06-03
    days on market $252,990 Active 109 DOM
11. 2026-06-02
    pricedays on market $252,990 Active 108 DOM
12. 2026-06-01
    days on market $249,990 Active 107 DOM
13. 2026-05-31
    days on market $249,990 Active 106 DOM
14. 2026-02-14
    listed $249,990 Active 1498-char remark

    Show marketing remark (1498 chars)

    The Baylor is a spacious single-story home offering approximately 1477 sq. ft. of living space with 4 bedrooms and 2 bathrooms. A welcoming front porch and foyer lead into an open-concept design where the kitchen, dining area, and family room create a bright and connected main living space. The kitchen features stainless steel appliances, a centrally located sink with views toward the living areas, and a walk-in pantry for added storage and convenience. The private primary suite is located at the rear of the home and includes a walk-in closet and a full bath. Three additional bedrooms sit toward the front of the home, each with its own closet and easy access to the secondary bathroom-making this layout ideal for larger households, guests, or flexible use such as a home office or playroom. A dedicated laundry room, linen and coat storage, and direct access to the two-car garage add everyday functionality. A rear stoop provides a simple outdoor extension of the living space, rounding out the Baylor's well-balanced and family-friendly design. Photos shown here may not depict the specified home and features and are included for illustration purposes only. Elevations, exterior/ interior colors, options, available upgrades, and standard features will vary in each community and may change without notice. May include options, elevations, and upgrades (such as patio covers, front porches, stone options, and lot premiums) that require an additional charge. Landscaping and furnishings

ⓘ 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 7/10 Severe
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% 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: $24,658
• − Mortgage interest: −$15,813
• − Property taxes: −$4,234
• − Insurance: −$1,411
• − Repairs & maintenance: −$1,973
• − Management: −$1,973
• − Depreciation: −$8,212
• Taxable loss: −$8,958
• Est. tax savings @ 24.0%: +$2,150
• After-tax cash flow: $-1,781/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 · 1 photo

Good 80/100 Cosmetic rehab

The Baylor Plan is a well-maintained single-story home with good condition and minimal repairs needed. It offers a spacious layout with a good condition kitchen and bathrooms, and a well-maintained exterior. The highest-ROI updates would be painting, landscaping, new flooring, and new kitchen appliances.

Value-add opportunities

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics
• Both Landscaping improvements — Enhances curb appeal and adds value
• Both New flooring in kitchen and bathrooms — Improves functionality and aesthetics
• Both New kitchen appliances — Modernizes the kitchen and adds value

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both New flooring in kitchen and bathrooms — Improves functionality and aesthetics ↑
• Both New kitchen appliances — Modernizes the kitchen and adds value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Boyd ISD
• NCES district ID: 4811010
• Math proficiency: 36% ▼ -3.00%
• Reading proficiency: 38% ▼ -5.00%
• Median HH income: $51,462
• Composite: 32.14/100
• National rank: #5796
• State rank: #462 of 826 in TX

Livability — Boyd

• Score: 74/100
• State rank: #185
• US rank: #4775

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 7,192

Population outlook (Wise County) Hauer SSP2

• Today (2025): 71,620 people
• By 2030: 75,858 · +5.9%
• By 2040: 83,908 · +17.2%
• By 2050: 90,717 · +26.7%
• By 2075: 107,583 · +50.2%
• By 2100: 114,996 · +60.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Hispanic / Latino 11% Two or more races 6%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Lithuanian 4% Scotch-Irish 2% Italian 2%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 6% Russian/Polish/Slavic 1%

Political lean MEDSL · Wise

• 2024 margin: Solid R (+70.0) · D 14.7% · R 84.7%
• 2008→2024 swing: -14.3pp toward R · 2008: -55.7pp · 2024: -70.0pp
• All cycles: 2024: R+70.0 2020: R+68.2 2016: R+69.9 2012: R+67.5 2008: R+55.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -10.08%
• Current HPI: 268.5024
• 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

1 event — show timeline

• 2026-02-14 Listed $249,990 Zillow