4302 Columbia Rd · Wichita Falls, TX 76310

$88,349

2 bd · 1.0 ba · 1,003 sqft · SingleFamily public records · 436 Days on market

Built 1925 8,581 sqft lot $88/sqft · 49% below area Est $173k · 49% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.5/5.0
• Livability +3.5/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BRICK HOME IN WICHITA FALLS! Welcome to this charming brick home nestled in the vibrant Wichita Falls area! With its close proximity to U.S. Highway 82 and other major highways, navigating the city will be a breeze. This property presents an excellent investment opportunity for anyone looking to make a great space their own, while adding their own personal touch and renovations. Enjoy convenient access to Midwestern State University, making this location ideal for students and faculty alike. Plus, being near the Texas/Oklahoma border opens up a world of possibilities for potential trips. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information about the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

Key facts

• Brick home
• 8,581 sq ft lot
• Garage

Tags

• BRICK HOME
• NEAR TEXAS OKLAHOMA BORDER

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $88k.

Deal economics

• At list price, monthly cash flow is $508 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $88k).
• Recommended offer: $78k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.2% vs local median 4.7% in Wichita Falls — 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 69/100 on livability (#437 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, employment D+, schools D.
• Wichita Falls ISD (urban): math 31% / reading 33% proficiency, ranked #585 of 826 in TX (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+7.8%/yr); 151 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 231 units permitted in Wichita County in 2024 (10 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $611 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Wichita County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 7.8% rent growth), your $25k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 436 days — a 12% lower offer ($78k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $77,747 (12.0% below list)

Questions for the listing agent

1. It's been on market 436 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — 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: 1.55% ✓
• Cap rate: 13.20%
• Cash-on-cash: 24.66%
• DSCR: 2.10
• GRM: 5.4

CMA / ARV

• ARV (median comp): $172,758
• List price: $88,349
• Delta: -48.86%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 7.83% rent growth · sell at horizon

5-year hold

• IRR: 23.2%
• Equity multiple: 2.01×
• Total profit: $25,030
• Equity at exit: $13,173

10-year hold

• IRR: 34.0%
• Equity multiple: 4.84×
• Total profit: $95,113
• Equity at exit: $7,639

Cash invested: $24,738 (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 76310

• Home prices YoY: -25.9%
• Rents YoY: 7.8%
• Active inventory: 151
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,369 medium
• Mortgage (P&I): −$463
• Tax from tax record: −$73 /mo · $877/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $508

Break-even live

Break-even rent $726

Max offer price $88,349

Occupancy floor 58%

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: $22,087
• Closing costs: $2,650
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4111 McGaha Ave Wichita Falls, TX	3.0	2.0	1025	$1,125	$1.10	43d	1	1.05mi
5210 Tower Dr Wichita Falls, TX	1.0	1.5	910	$775	$0.85	43d	1	1.27mi

Listing history 17 events

1. 2026-06-19
   days on market $88,349 Active 436 DOM
2. 2026-06-18
   days on market $88,349 Active 435 DOM
3. 2026-06-17
   days on market $88,349 Active 434 DOM
4. 2026-06-16
   days on market $88,349 Active 433 DOM
5. 2026-06-15
   days on market $88,349 Active 432 DOM
6. 2026-06-14
   days on market $88,349 Active 430 DOM
7. 2026-06-13
   days on market $88,349 Active 429 DOM
8. 2026-06-10
   days on market $88,349 Active 427 DOM
9. 2026-06-09
   days on market $88,349 Active 426 DOM
10. 2026-06-08
    days on market $88,349 Active 425 DOM
11. 2026-06-07
    days on market $88,349 Active 424 DOM
12. 2026-06-05
    days on market $88,349 Active 421 DOM
13. 2026-06-02
    days on market $88,349 Active 419 DOM
14. 2026-06-01
    days on market $88,349 Active 418 DOM
15. 2026-05-31
    days on market $88,349 Active 417 DOM
16. 2026-05-30
    days on market $88,349 Active 416 DOM
17. 2025-04-09
    listed $88,349 Active 822-char remark

    Show marketing remark (822 chars)

    BRICK HOME IN WICHITA FALLS! Welcome to this charming brick home nestled in the vibrant Wichita Falls area! With its close proximity to U.S. Highway 82 and other major highways, navigating the city will be a breeze. This property presents an excellent investment opportunity for anyone looking to make a great space their own, while adding their own personal touch and renovations. Enjoy convenient access to Midwestern State University, making this location ideal for students and faculty alike. Plus, being near the Texas/Oklahoma border opens up a world of possibilities for potential trips. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information about the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

ⓘ 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: $877 · $73/mo
• Projected year-2 tax: $1,617 · $135/mo
• Expected delta: +$739/yr (+$62/mo · 84.3%)

ⓘ 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 7/10 Severe
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% 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: $16,428
• − Mortgage interest: −$4,949
• − Property taxes: −$877
• − Insurance: −$442
• − Repairs & maintenance: −$1,314
• − Management: −$1,314
• − Depreciation: −$2,570
• Taxable income: $4,961
• Est. tax owed @ 24.0%: −$1,191
• After-tax cash flow: $4,908/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: Wichita Falls ISD
• NCES district ID: 4845780
• Math proficiency: 31% ▼ -10.00%
• Reading proficiency: 33% ▼ -7.00%
• Median HH income: $41,604
• Composite: 27.06/100
• National rank: #7051
• State rank: #585 of 826 in TX

Livability — Wichita Falls

• Score: 69/100
• State rank: #437
• US rank: #8940

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wichita Falls, TX
• County: Wichita County · 95,694 people
• City population: 95,694
• Metro: Wichita Falls, TX
• Population (ZIP): 19,029
• Household income: $82,183
• Rent vs Own: 27.6% rent · 72.4% own
• Severe rent burden: 263.0

Population outlook (Wichita County) Hauer SSP2

• Today (2025): 129,638 people
• By 2030: 128,366 · -1.0%
• By 2040: 124,466 · -4.0%
• By 2050: 120,499 · -7.0%
• By 2075: 113,884 · -12.2%
• By 2100: 101,818 · -21.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 13% Two or more races 10% Black 6% Asian 5%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Italian 3% Lithuanian 2% Iranian 2%
• Foreign-born: 6% · Canada, Vietnam, South Korea
• Languages at home: 89% English-only · Spanish 6% Other Indo-European 1% Vietnamese 1%

Political lean MEDSL · Wichita

• 2024 margin: Solid R (+44.0) · D 27.5% · R 71.5%
• 2008→2024 swing: -5.2pp toward R · 2008: -38.9pp · 2024: -44.0pp
• All cycles: 2024: R+44.0 2020: R+41.1 2016: R+49.7 2012: R+47.1 2008: R+38.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -61.37%
• Current HPI: 176.0321
• Rent YoY: ▲ 7.83%
• Metro: Wichita Falls, 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

• 2025-04-09 Listed $88,349 HARMLS

Property tax history

+0.1%/yr

Latest (2025): $877 · -37.0% YoY. Source: county tax records.