733 Arizona Ave · Wake Village, TX 75501

$105,000

3 bd · 1.0 ba · 1,157 sqft · SingleFamily public records · 84 Days on market

Built 1960 7,841 sqft lot $91/sqft · 8% above area Est $97k · 8% over

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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 +27.4/30.0
• DSCR +9.6/10.0
• 1% rule +7.4/10.0
• ARV discount +4.0/15.0
• Livability +4.0/5.0
• Schools +3.2/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

The highest return in the entire portfolio. Move-in ready, already listed at $1,100-mo, and ready to CF from the moment you close. One of Texarkana's most desirable suburbs, this 3-bed, 1-bath home is the standout value play of the portfolio. Functional split floor plan with a separate living room, dedicated dining area, and centrally located kitchen, durable flooring, neutral paint tones, natural light throughout, ample kitchen cabinetry and counter space, private yard, washer-dryer, and air conditioning. Clean, comfortable, and completely ready to rent. FOR HOMEOWNERS Wake Village living at the portfolio's lowest price point. Tree-lined streets, Texarkana ISD schools, quick access to shopping, dining, Wright Patman Lake, and Interstate 369 — all the reasons families keep choosing Wake Village, at a price that makes owning a clear win over renting. Move in immediately to a vacant, clean, well-maintained home with a private yard and room to make it your own. FOR INVESTORS The strongest return in the portfolio. Move-in ready, already listed at market rent, zero make-ready costs, zero downtime. Wake Village's steady demand from working families, healthcare workers, and military personnel near Red River Army Depot means this home will lease fast and stay leased. You're getting maximum return in a high-demand suburb for minimum capital outlay. This is the one that makes the math impossible to ignore. Part of a 20-property SFR portfolio across Texarkana and Nash. Buy one or scale into multiple.

Key facts

• Separate outbuilding
• Spacious backyard
• Ample cabinetry

Tags

• SPACIOUS BACKYARD
• COVERED REAR PATIO
• GATED CHAIN-LINK FENCING
• SEPARATE OUTBUILDING
• LAMINATE WOOD-LOOK FLOORING
• AMPLE CABINETRY

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $308 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $105k).
• Recommended offer: $99k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 79/100 on livability (#51 in TX, #2,068 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D, amenities F.
• Texarkana ISD (urban): math 36% / reading 41% proficiency, ranked #472 of 826 in TX (top 57%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+1.6%/yr); 320 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 137 units permitted in Bowie County in 2024 (5 in 5+ unit buildings).
• This rent runs 34% of the median local income ($46k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $726 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 84 days — a 6% lower offer ($99k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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

• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $98,700 (6.0% below list)

Questions for the listing agent

1. It's been on market 84 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — 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. 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.
7. 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.
8. 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: 1.24% ✓
• Cap rate: 9.81%
• Cash-on-cash: 12.57%
• DSCR: 1.56
• GRM: 6.7

CMA / ARV

• ARV (median comp): $97,478
• List price: $105,000
• Delta: 7.72%
• Verdict: FAIR
• Comps: 7 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1029 Mariana Ave	0.33mi	3/1.5	1,044 (-10%)	14mo	$150,000	$144	55
400 Redwater Rd	0.56mi	2/1.0 (-1)	1,162 (+0%)	23mo	$101,000	$87	49

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 · 1.63% rent growth · sell at horizon

5-year hold

• IRR: 0.8%
• Equity multiple: 1.03×
• Total profit: $839
• Equity at exit: $15,656

10-year hold

• IRR: 9.0%
• Equity multiple: 1.65×
• Total profit: $18,979
• Equity at exit: $9,078

Cash invested: $29,400 (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 75501

• Home prices YoY: -34.9%
• Rents YoY: 1.6%
• Active inventory: 320
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,302 medium
• Mortgage (P&I): −$551
• Tax from tax record: −$126 /mo · $1,514/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$273
• Net cashflow: $308

Break-even live

Break-even rent $912

Max offer price $105,000

Occupancy floor 71%

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
411 Redwater Rd Wake Village, TX	2.0	1.0	900	$1,500	$1.67	43d	1	0.48mi
60 Clark St Nash, TX	2.0–3.0	2.0	1450	$1,450	$1.00	43d	2	1.13mi
501 Westlawn Dr Texarkana, TX	2.0	1.0	775	$800	$1.03	43d	1	1.16mi

Listing history 22 events

1. 2026-06-19
   days on market $105,000 Active 84 DOM
2. 2026-06-18
   days on market $105,000 Active 83 DOM
3. 2026-06-17
   days on market $105,000 Active 82 DOM
4. 2026-06-17
   price $105,000 Active 81 DOM
5. 2026-06-16
   days on market $108,000 Active 81 DOM
6. 2026-06-15
   days on market $108,000 Active 80 DOM
7. 2026-06-14
   days on market $108,000 Active 78 DOM
8. 2026-06-13
   days on market $108,000 Active 77 DOM
9. 2026-06-10
   days on market $108,000 Active 75 DOM
10. 2026-06-09
    days on market $108,000 Active 74 DOM
11. 2026-06-08
    days on market $108,000 Active 73 DOM
12. 2026-06-07
    days on market $108,000 Active 72 DOM
13. 2026-06-05
    days on market $108,000 Active 69 DOM
14. 2026-06-02
    days on market $108,000 Active 67 DOM
15. 2026-06-01
    days on market $108,000 Active 66 DOM
16. 2026-05-31
    days on market $108,000 Active 65 DOM
17. 2026-05-30
    days on market $108,000 Active 64 DOM
18. 2026-03-27
    listed $110,000 Active 1536-char remark

    Show marketing remark (1536 chars)

    The highest return in the entire portfolio. Move-in ready, already listed at $1,100-mo, and ready to CF from the moment you close. One of Texarkana's most desirable suburbs, this 3-bed, 1-bath home is the standout value play of the portfolio. Functional split floor plan with a separate living room, dedicated dining area, and centrally located kitchen, durable flooring, neutral paint tones, natural light throughout, ample kitchen cabinetry and counter space, private yard, washer-dryer, and air conditioning. Clean, comfortable, and completely ready to rent. FOR HOMEOWNERS Wake Village living at the portfolio's lowest price point. Tree-lined streets, Texarkana ISD schools, quick access to shopping, dining, Wright Patman Lake, and Interstate 369 — all the reasons families keep choosing Wake Village, at a price that makes owning a clear win over renting. Move in immediately to a vacant, clean, well-maintained home with a private yard and room to make it your own. FOR INVESTORS The strongest return in the portfolio. Move-in ready, already listed at market rent, zero make-ready costs, zero downtime. Wake Village's steady demand from working families, healthcare workers, and military personnel near Red River Army Depot means this home will lease fast and stay leased. You're getting maximum return in a high-demand suburb for minimum capital outlay. This is the one that makes the math impossible to ignore. Part of a 20-property SFR portfolio across Texarkana and Nash. Buy one or scale into multiple.

19. 2026-02-19
    price $1,100
20. 2026-02-18
    listed $1,550
21. 2025-07-21
    soldstatus
22. 2000-06-19
    soldstatus

ⓘ 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: $1,514 · $126/mo
• Projected year-2 tax: $1,922 · $160/mo
• Expected delta: +$408/yr (+$34/mo · 26.9%)

ⓘ 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 7/10 Severe 7 d/yr ≥112°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 24% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,621
• − Mortgage interest: −$5,882
• − Property taxes: −$1,514
• − Insurance: −$525
• − Repairs & maintenance: −$1,250
• − Management: −$1,250
• − Depreciation: −$3,055
• Taxable income: $2,147
• Est. tax owed @ 24.0%: −$515
• After-tax cash flow: $3,179/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: Texarkana ISD
• NCES district ID: 4842480
• Math proficiency: 36% ▼ -7.00%
• Reading proficiency: 41% ▼ -1.00%
• Median HH income: $35,692
• Composite: 31.87/100
• National rank: #5867
• State rank: #472 of 826 in TX

Livability — Wake Village

• Score: 79/100
• State rank: #51
• US rank: #2068

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wake Village, TX
• County: Bowie County · 61,238 people
• Metro: Texarkana, TX-AR
• Population (ZIP): 34,866
• Household income: $45,995
• Rent vs Own: 42.9% rent · 57.1% own
• Severe rent burden: 1289.0

Population outlook (Bowie County) Hauer SSP2

• Today (2025): 94,699 people
• By 2030: 94,824 · +0.1%
• By 2040: 94,870 · +0.2%
• By 2050: 93,686 · -1.1%
• By 2075: 90,082 · -4.9%
• By 2100: 76,579 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 54% Black 33% Hispanic / Latino 9% Two or more races 5%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Italian 1% Lithuanian 1% Portuguese 1%
• Foreign-born: 5% · Canada
• Languages at home: 92% English-only · Spanish 6% Other Indo-European 1%

Political lean MEDSL · Bowie

• 2024 margin: Solid R (+48.7) · D 25.3% · R 74.0%
• 2008→2024 swing: -10.8pp toward R · 2008: -37.9pp · 2024: -48.7pp
• All cycles: 2024: R+48.7 2020: R+42.8 2016: R+46.6 2012: R+41.5 2008: R+37.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -79.14%
• Current HPI: 147.9402
• Rent YoY: ▲ 1.63%
• Metro: Texarkana, TX-AR
• 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

+6996.8% since first listed

5 events — show timeline

• 2026-03-27 Listed $110,000 NTREIS
• 2026-02-19 Price Changed $1,100 Avail
• 2026-02-18 Listed for Rent $1,550 Avail
• 2025-07-21 Sold (Public Records) — Public Records
• 2000-06-19 Sold (Public Records) — Public Records

Property tax history

+4.7%/yr

Latest (2025): $1,514 · +21.5% YoY. Source: county tax records.