2703 Starling Dr · Killeen, TX 76549

$99,999

5 bd · 2.0 ba · 1,618 sqft · SingleFamily public records · 1 Days on market

Built 1989 6,442 sqft lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

JUST LISTED! Discover the potential in this spacious 5-bedroom, 2-bath home located at 2703 Starling Drive in Killeen, Texas. This property is perfect for investors, flippers, or buyers looking to customize a home to their own style. With plenty of room to grow, the layout offers generous living space and a flexible floor plan ideal for large households or rental opportunities. The home does have a NEW ROOF but will still need some work. It is a great value-add opportunity for those ready to bring their vision to life. Whether you're looking to renovate and resell or create your dream home, this property has solid potential. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait,

Key facts

• Flexible floor plan
• New roof
• 6,442 sq ft lot

Tags

• NEW ROOF
• FLEXIBLE FLOOR PLAN
• GENEROUS LIVING SPACE
• GREAT VALUE-ADD OPPORTUNITY

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Residential property; Single-story home (all listed rooms on first floor); Built in 1989; Slab foundation
• Construction: Built in 1989; Slab foundation
• Exterior features: Lot features described as 'Other'

Interior

• Bedrooms: Primary bedroom on first floor (approx. 12x14); Bedroom on first floor (approx. 11x13); Bedroom on first floor (approx. 11x12); Bedroom on first floor (approx. 10x10); Bedroom on first floor (approx. 9x9)
• Bathrooms: Two full bathrooms
• Interior features: One fireplace; Five total rooms

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $504 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Cap rate 12.3% 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: amenities D, employment D, crime 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.
• Zoned schools: Live Oak Ridge Middle (math 25% / reading 33%, grade F, #1,103 of 1,662 statewide, top 67%, 729 students, 74% FRL); C E Ellison H S (math 20% / reading 51%, grade F, #941 of 1,632 statewide, top 58%, 1,682 students, 57% FRL) — zoned schools average 65% FRL vs 47% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.1%/yr); 429 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 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.
• At projected returns (-3.0% appreciation + 1.1% rent growth), your $28k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: property tax is 3.6% of price.
• Climate carrying-cost: major wind risk, 56% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $99,999

Questions for the listing agent

1. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.74% ✓
• Cap rate: 12.34%
• Cash-on-cash: 21.58%
• DSCR: 1.96
• GRM: 4.8

CMA / ARV

• ARV (on-the-fly): $216,812
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2501 Westwood Dr	0.21mi	4/2.0 (-1)	1,668 (+3%)	4mo	$208,000	$125	76
3802 Frigate Dr	0.62mi	4/2.0 (-1)	1,571 (-3%)	2mo	$210,000	$134	59
3010 Westrim Dr	0.34mi	4/2.0 (-1)	1,442 (-11%)	5mo	$199,900	$139	57
3106 Tom Lockett Dr	0.74mi	4/2.0 (-1)	1,619 (+0%)	6mo	$237,500	$147	55
4200 Maid Marian Cir	0.49mi	4/2.0 (-1)	1,769 (+9%)	4mo	$241,000	$136	53
3308 Regency Dr	0.41mi	4/2.5 (-1)	1,679 (+4%)	19mo	$190,000	$113	52
3301 Driftwood Dr	0.62mi	5/2.0	1,755 (+8%)	6mo	$240,000	$137	52
3707 Frigate Dr	0.56mi	4/2.0 (-1)	1,749 (+8%)	5mo	$228,000	$130	52
3805 Stallion Dr	0.65mi	4/2.0 (-1)	1,799 (+11%)	3mo	$225,000	$125	44
3004 Tallwood Dr	0.47mi	4/2.0 (-1)	1,412 (-13%)	9mo	$224,900	$159	44
3305 Johnson Dr	0.70mi	4/2.0 (-1)	1,860 (+15%)	4mo	$230,000	$124	35

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 · 1.14% rent growth · sell at horizon

5-year hold

• IRR: 11.8%
• Equity multiple: 1.46×
• Total profit: $12,810
• Equity at exit: $14,910

10-year hold

• IRR: 19.1%
• Equity multiple: 2.44×
• Total profit: $40,377
• Equity at exit: $8,646

Cash invested: $28,000 (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 76549

• Home prices YoY: -12.6%
• Rents YoY: 1.1%
• Active inventory: 429
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,739 high
• Mortgage (P&I): −$524
• Tax from tax record: −$304 /mo · $3,649/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$365
• Net cashflow: $504

Break-even live

Break-even rent $1,101

Max offer price $99,999

Occupancy floor 66%

Sensitivity live

Price	-10% $560	-5% $532	+0% $504	+5% $475	+10% $447
Rent	-10% $366	-5% $435	+0% $504	+5% $572	+10% $641
Rate	-1.0pp $554	-0.5pp $529	base $504	+0.5pp $478	+1.0pp $451

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2504 Bluejay Dr Killeen, TX	4.0	2.0	1750	$1,475	$0.84	24d	1	0.18mi
2405 Westwood Dr Killeen, TX	4.0	2.0	1668	$1,550	$0.93	44d	1	0.22mi
3304 Regency Ct Killeen, TX	4.0	2.0	1728	$1,645	$0.95	14d	1	0.41mi
2602 Bigleaf Dr Killeen, TX	4.0	2.0	1948	$1,750	$0.90	44d	1	0.42mi
3406 Thunder Creek Dr Killeen, TX	4.0	2.5	1885	$1,595	$0.85	24d	1	0.45mi
1701 Lennox Ave Killeen, TX	5.0	2.0	1858	$1,450	$0.78	44d	1	0.62mi
3201 Tom Lockett Dr Killeen, TX	4.0	2.0	1698	$1,645	$0.97	44d	1	0.69mi
3011 Tom Lockett Dr Killeen, TX	4.0	2.0	1592	$1,650	$1.04	44d	1	0.71mi
3903 Tiger Dr Killeen, TX	4.0	2.0	1843	$1,595	$0.87	24d	1	0.72mi
1415 Circletree Loop Killeen, TX	4.0	2.0	1440	$1,350	$0.94	44d	1	0.74mi
2201 Rainforest Ln Killeen, TX	4.0	2.0	1697	$1,695	$1.00	44d	1	0.77mi
1818 Janis Dr Killeen, TX	4.0	2.0	1781	$1,450	$0.81	24d	1	0.79mi
3610 Del Mar Ct Killeen, TX	4.0	2.0	1657	$1,650	$1.00	24d	1	0.82mi
3507 Doffy Dr Killeen, TX	4.0	2.0	1471	$1,695	$1.15	14d	1	0.84mi
4004 Bull Run Dr Killeen, TX	4.0	2.0	2099	$1,900	$0.91	44d	1	0.87mi
4004 Bull Run Dr Killeen, TX	4.0	2.0	2099	$1,900	$0.91	24d	1	0.87mi
3401 Lorena Dr Killeen, TX	4.0	3.0	2032	$1,645	$0.81	14d	1	0.87mi
3401 Lorena Dr Killeen, TX	4.0	2.5	2032	$1,645	$0.81	24d	1	0.87mi
3804 Captain Dr Killeen, TX	4.0	2.0	1705	$1,495	$0.88	44d	1	0.90mi
1820 Gaynor Dr Killeen, TX	4.0	2.0	1288	$1,600	$1.24	44d	1	0.90mi
2811 Maria Dr Killeen, TX	4.0	2.0	1600	$1,400	$0.88	24d	1	0.91mi
2909 Maria Dr Killeen, TX	4.0	2.0	1688	$1,700	$1.01	24d	1	0.92mi
1507 Nina Dr Killeen, TX	4.0	2.0	1346	$1,650	$1.23	44d	1	0.95mi
3909 Bolivar Dr Killeen, TX	4.0	2.5	2032	$1,695	$0.83	24d	1	0.96mi
4004 Riverrock Dr Killeen, TX	4.0	2.0	1398	$1,395	$1.00	24d	1	0.98mi
4300 Secretariat Dr Killeen, TX	4.0	2.0	1679	$2,165	$1.29	44d	1	1.00mi
4306 Secretariat Dr Killeen, TX	4.0	2.0	1586	$1,650	$1.04	14d	1	1.04mi
1204 Alta Vista Dr Killeen, TX	4.0	2.0	1624	$1,450	$0.89	44d	1	1.04mi
4203 Lonesome Dove Dr Killeen, TX	4.0	2.0	1505	$1,475	$0.98	24d	1	1.05mi
3404 Granite Dr Killeen, TX	4.0	2.0	1580	$1,595	$1.01	24d	1	1.06mi
2806 Greystone Dr Killeen, TX	4.0	2.0	1778	$1,465	$0.82	44d	1	1.09mi
4202 Jake Spoon Dr Killeen, TX	4.0	2.0	1609	$1,599	$0.99	44d	1	1.12mi
4403 Tidal Wave Dr Killeen, TX	4.0	2.0	1567	$1,495	$0.95	24d	1	1.14mi
3903 Bade Dr Killeen, TX	4.0	2.0	1750	$1,650	$0.94	44d	1	1.17mi
1303 August Dr Killeen, TX	4.0	2.0	1460	$1,475	$1.01	24d	1	1.18mi
1206 Bonner Dr Killeen, TX	4.0	1.0	1248	$1,245	$1.00	14d	1	1.20mi
4600 Greyhound Dr Killeen, TX	4.0	2.0	1532	$1,450	$0.95	24d	1	1.20mi
2202 Amethyst Dr Killeen, TX	4.0	2.0	1699	$1,500	$0.88	44d	1	1.23mi
4501 Pete Dr Killeen, TX	4.0	2.0	1451	$1,695	$1.17	44d	1	1.26mi
4507 Lonesome Dove Dr Killeen, TX	4.0	2.0	1406	$1,595	$1.13	22d	1	1.28mi

Listing history 2 events

1. 2026-06-19
   remarks 699-char remark
2. 2026-06-19
   listed $99,999 Active 1 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: $3,649 · $304/mo
• Projected year-2 tax: $3,649 · $304/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 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 24 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: $20,867
• − Mortgage interest: −$5,601
• − Property taxes: −$3,649
• − Insurance: −$500
• − Repairs & maintenance: −$1,669
• − Management: −$1,669
• − Depreciation: −$2,909
• Taxable income: $4,869
• Est. tax owed @ 24.0%: −$1,168
• After-tax cash flow: $4,874/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): 56,038
• Household income: $70,871
• Rent vs Own: 44.7% rent · 55.3% own
• Severe rent burden: 1874.0

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 35% White 27% Hispanic / Latino 26% Two or more races 16% Asian 4% Pacific Islander 1%
• Hispanic origin (detail): Mexican 13% Puerto Rican 9%
• Common ancestry: Italian 3% Romanian 1% Slovak 1%
• Foreign-born: 8% · Canada, Vietnam, South Korea
• Languages at home: 77% English-only · Spanish 17% Tagalog/Filipino 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: ▼ -24.68%
• Current HPI: 171.2708
• Rent YoY: ▲ 1.14%
• 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

+25.0% since first listed

7 events — show timeline

• 2026-06-18 Listed $99,999 HARMLS
• 2007-11-30 Sold (MLS) — CTXMLS
• 2007-07-25 Listed $72,350 CTXMLS
• 2007-04-11 Listing Removed — CTXMLS
• 2006-12-28 Listed $80,000 CTXMLS
• 2001-07-24 Sold (Public Records) — Public Records
• 1989-07-31 Sold (Public Records) — Public Records

Property tax history

+5.7%/yr

Latest (2026): $3,649 · -9.7% YoY. Source: county tax records.