4302 Columbia Rd · Wichita Falls, TX 76310

$88,349

2 bd · 1.0 ba · 1,003 sqft · SingleFamily public records · 486 Days on market

Built 1925 Poor condition 8,581 sqft lot $88/sqft · 51% below area

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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
• Rent growth +4.5/5.0
• Livability +3.5/5.0
• Schools +2.7/10.0
• Condition / age +1.0/5.0
• 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. Condition is rated poor.

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 4.5% 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); 205 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 486 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 486 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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): $179,776
• List price: $88,349
• Delta: -50.86%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4721 Matterhorn	0.20mi	2/2.0	1,111 (+11%)	27mo	$179,000	$161	49
2944 Lavell Ave	1.48mi	2/1.0	961 (-4%)	17mo	$100,000	$104	44
4661 Briarwood Dr	0.75mi	3/2.0 (+1)	1,116 (+11%)	8mo	$149,500	$134	31
4650 Sierra Madre	0.82mi	3/2.0 (+1)	1,212 (+21%)	0mo	$200,000	$165	31
1 Daisy Cir	1.39mi	3/2.0 (+1)	1,165 (+16%)	4mo	$157,900	$136	27
4665 Sierra Madre	0.84mi	3/2.0 (+1)	1,231 (+23%)	17mo	$189,900	$154	17

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 · 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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 11 active · 3 under contract
• Months of supply: 66.0 mo (2%/mo absorbed)
• Median asking: $139,900 ($136/sqft)
• Median days on market: 19 d
• This list price: lowest-priced of the active set
• ARV vs active asking: +32.2% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 76310

• Home prices YoY: -25.9%
• Rents YoY: 7.8%
• Active inventory: 205
• 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%

Sensitivity live

Price	-10% $558	-5% $533	+0% $508	+5% $483	+10% $458
Rent	-10% $400	-5% $454	+0% $508	+5% $562	+10% $616
Rate	-1.0pp $553	-0.5pp $531	base $508	+0.5pp $485	+1.0pp $462

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
• Club membership (one-time): —
• 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	93d	1	1.05mi
5210 Tower Dr Wichita Falls, TX	1.0	1.5	910	$775	$0.85	93d	1	1.27mi

Listing history 50 events

1. 2026-08-08
   days on market $88,349 Active 486 DOM
2. 2026-08-07
   days on market $88,349 Active 485 DOM
3. 2026-08-06
   days on market $88,349 Active 484 DOM
4. 2026-08-05
   days on market $88,349 Active 483 DOM
5. 2026-08-04
   days on market $88,349 Active 482 DOM
6. 2026-08-03
   days on market $88,349 Active 481 DOM
7. 2026-07-31
   days on market $88,349 Active 478 DOM
8. 2026-07-30
   days on market $88,349 Active 477 DOM
9. 2026-07-29
   days on market $88,349 Active 476 DOM
10. 2026-07-27
    days on market $88,349 Active 474 DOM
11. 2026-07-25
    days on market $88,349 Active 472 DOM
12. 2026-07-23
    days on market $88,349 Active 470 DOM
13. 2026-07-22
    days on market $88,349 Active 469 DOM
14. 2026-07-21
    days on market $88,349 Active 468 DOM
15. 2026-07-18
    days on market $88,349 Active 465 DOM
16. 2026-07-16
    days on market $88,349 Active 463 DOM
17. 2026-07-16
    days on market $88,349 Active 462 DOM
18. 2026-07-14
    days on market $88,349 Active 461 DOM
19. 2026-07-13
    days on market $88,349 Active 460 DOM
20. 2026-07-12
    days on market $88,349 Active 459 DOM
21. 2026-07-11
    days on market $88,349 Active 458 DOM
22. 2026-07-10
    days on market $88,349 Active 457 DOM
23. 2026-07-09
    days on market $88,349 Active 456 DOM
24. 2026-07-08
    days on market $88,349 Active 455 DOM
25. 2026-07-07
    days on market $88,349 Active 454 DOM
26. 2026-07-06
    days on market $88,349 Active 453 DOM
27. 2026-07-05
    days on market $88,349 Active 452 DOM
28. 2026-07-04
    days on market $88,349 Active 451 DOM
29. 2026-07-03
    days on market $88,349 Active 450 DOM
30. 2026-07-02
    days on market $88,349 Active 449 DOM
31. 2026-07-01
    days on market $88,349 Active 448 DOM
32. 2026-06-30
    days on market $88,349 Active 447 DOM
33. 2026-06-29
    days on market $88,349 Active 446 DOM
34. 2026-06-28
    days on market $88,349 Active 445 DOM
35. 2026-06-28
    days on market $88,349 Active 444 DOM
36. 2026-06-27
    days on market $88,349 Active 443 DOM
37. 2026-06-26
    days on market $88,349 Active 442 DOM
38. 2026-06-23
    days on market $88,349 Active 439 DOM
39. 2026-06-22
    days on market $88,349 Active 438 DOM
40. 2026-06-19
    days on market $88,349 Active 436 DOM
41. 2026-06-18
    days on market $88,349 Active 435 DOM
42. 2026-06-17
    days on market $88,349 Active 434 DOM
43. 2026-06-16
    days on market $88,349 Active 433 DOM
44. 2026-06-15
    days on market $88,349 Active 432 DOM
45. 2026-06-14
    days on market $88,349 Active 430 DOM
46. 2026-06-13
    days on market $88,349 Active 429 DOM
47. 2026-06-10
    days on market $88,349 Active 427 DOM
48. 2026-06-09
    days on market $88,349 Active 426 DOM
49. 2026-06-08
    days on market $88,349 Active 425 DOM
50. 2026-06-07
    days on market $88,349 Active 424 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: $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.

Condition & rehab AI · 7 photos

Poor 20/100 Extensive rehab Est. rehab $50,150–$90,270 screening

This property requires extensive repairs and renovations to become move-in ready. Significant structural and exterior work is needed to improve its condition and value.

Deferred maintenance Est. $50,000–$150,000 screening

• Major Roof (roof) — The roof appears to be missing shingles and has visible damage.
• Major Windows (windows) — The windows are boarded up, indicating they are not functioning and need replacement.
• Major Electrical (electrical) — The interior is in a state of disrepair, with exposed wiring and missing insulation, suggesting significant electrical issues.
• Major Exterior (exterior) — The exterior walls are exposed and appear to be in poor condition, with visible damage and missing siding.
• Major Plumbing (plumbing) — The interior is in a state of disrepair, with exposed wiring and missing insulation, suggesting significant plumbing issues.

Repairs flagged

• Major Exposed brick foundation — Structural integrity compromised
• Major Siding — Significant damage and missing sections
• Major Windows — Missing windows, allowing for potential water intrusion

Value-add opportunities

• Both Painting and repainting the exterior — Enhances curb appeal and value ↑
• Both Landscaping and improving the yard — Improves curb appeal and rental value ↑
• Both Reframing and drywalling — Restores structural integrity and enhances interior space ↑
• Both Roof replacement — Ensures structural integrity and protects against water damage ↑

ⓘ Rehab cost is a screening estimate — Extensive scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

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

C Composite livability gradescore 69/100

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 · 129,638 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: 13% of renters

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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%

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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%

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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

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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.