309 E Wharton Ave · Electra, TX 76360

$13,299

2 bd · 1.0 ba · 818 sqft · SingleFamily public records · 570 Days on market

Built 1935 6,098 sqft lot $16/sqft · 54% below area

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Why this score? — see what drove the D+ 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 +15.0/30.0
• ARV discount +7.5/15.0
• Appreciation +5.6/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.3/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

LOOK INVESTORS BIG PRICE REDUCTION! 309 E Wharton Ave is a two bedroom, one bathroom investment opportunity awaiting your vision and effort! With some dedicated hard work, this home has the potential to be transformed into your ideal abode. Featuring ample yard space for outdoor activities and conveniently located just minutes from Electra High School, this home offers both convenience and potential. Situated within a 30-minute drive to Wichita Falls, it provides easy access to urban amenities while still enjoying the charm of small-town living. Sold as-is, this property invites investors to unlock its full potential. Contact us today about this opportunity! Ask about the ELECTRA INVESTOR PACKAGE available for a limited time. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream property.

Key facts

• Ample yard space
• 6,098 sq ft lot
• Built 1935

Tags

• AMPLE YARD SPACE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $13k.

Deal economics

• At list price, monthly cash flow is $641 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($912 rent vs $13k).
• Recommended offer: $12k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#647 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: health & safety C-, schools D+, amenities F.
• Electra ISD (town): math 35% / reading 39% proficiency, ranked #494 of 826 in TX (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 47 active listings in the ZIP; 231 units permitted in Wichita County in 2024 (10 in 5+ unit buildings).

Forward outlook

• In year one you build about $244 of equity ($92 loan paydown + $152 appreciation (1.1% local appreciation)).
• Wichita County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (1.1% appreciation + 3.0% rent growth), your $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 570 days — a 12% lower offer ($12k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y 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.
• Current owner paid $2k; list at $13k implies a 531% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $11,703 (12.0% below list)

Questions for the listing agent

1. It's been on market 570 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 1935 — 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. 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: 6.86% ✓
• Cap rate: 64.16%
• Cash-on-cash: 206.66%
• DSCR: 10.20
• GRM: 1.2

CMA / ARV

• ARV (median comp): $29,166
• List price: $13,299
• Delta: -54.40%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
307 E Summit Ave	0.14mi	2/1.0	704 (-14%)	13mo	$37,049	$53	60

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

1.14% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 12.06×
• Total profit: $41,190
• Equity at exit: $4,637

10-year hold

• IRR: —
• Equity multiple: 25.46×
• Total profit: $91,097
• Equity at exit: $6,238

Cash invested: $3,724 (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 76360

• Home prices YoY: 1.1%
• Active inventory: 47
• Price-to-rent: 1.2×

Monthly cashflow live

• Estimated rent: $912 medium
• Mortgage (P&I): −$70
• Tax from tax record: −$4 /mo · $51/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$192
• Net cashflow: $641

Break-even live

Break-even rent $101

Max offer price $13,299

Occupancy floor 25%

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: $3,325
• Closing costs: $399
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $13,299 Active 570 DOM
2. 2026-06-17
   days on market $13,299 Active 569 DOM
3. 2026-06-16
   days on market $13,299 Active 568 DOM
4. 2026-06-15
   days on market $13,299 Active 567 DOM
5. 2026-06-13
   days on market $13,299 Active 565 DOM
6. 2026-06-12
   days on market $13,299 Active 564 DOM
7. 2026-06-09
   days on market $13,299 Active 561 DOM
8. 2026-06-08
   days on market $13,299 Active 560 DOM
9. 2026-06-08
   days on market $13,299 Active 559 DOM
10. 2026-06-07
    days on market $13,299 Active 558 DOM
11. 2026-06-03
    days on market $13,299 Active 555 DOM
12. 2026-06-02
    days on market $13,299 Active 554 DOM
13. 2026-06-01
    days on market $13,299 Active 553 DOM
14. 2026-05-31
    days on market $13,299 Active 552 DOM
15. 2024-11-25
    listed $13,299 Active 964-char remark

    Show marketing remark (964 chars)

    LOOK INVESTORS BIG PRICE REDUCTION! 309 E Wharton Ave is a two bedroom, one bathroom investment opportunity awaiting your vision and effort! With some dedicated hard work, this home has the potential to be transformed into your ideal abode. Featuring ample yard space for outdoor activities and conveniently located just minutes from Electra High School, this home offers both convenience and potential. Situated within a 30-minute drive to Wichita Falls, it provides easy access to urban amenities while still enjoying the charm of small-town living. Sold as-is, this property invites investors to unlock its full potential. Contact us today about this opportunity! Ask about the ELECTRA INVESTOR PACKAGE available for a limited time. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream property.

16. 2024-11-25
    historical

    Show marketing remark (964 chars)

    LOOK INVESTORS BIG PRICE REDUCTION! 309 E Wharton Ave is a two bedroom, one bathroom investment opportunity awaiting your vision and effort! With some dedicated hard work, this home has the potential to be transformed into your ideal abode. Featuring ample yard space for outdoor activities and conveniently located just minutes from Electra High School, this home offers both convenience and potential. Situated within a 30-minute drive to Wichita Falls, it provides easy access to urban amenities while still enjoying the charm of small-town living. Sold as-is, this property invites investors to unlock its full potential. Contact us today about this opportunity! Ask about the ELECTRA INVESTOR PACKAGE available for a limited time. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream property.

17. 2024-09-09
    price $13,299
18. 2023-12-06
    price $13,999
19. 2022-06-21
    listed $26,999 Active
20. 2021-02-05
    soldstatus $2,106

ⓘ 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: $51 · $4/mo
• Projected year-2 tax: $243 · $20/mo
• Expected delta: +$192/yr (+$16/mo · 376.4%)

ⓘ 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 8/10 Severe
• 🌡 Heat 6/10 Major 7 d/yr ≥109°F today · 18 d/yr by 30 yrs out
• 💨 Wind 3/10 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: $10,949
• − Mortgage interest: −$745
• − Property taxes: −$51
• − Insurance: −$66
• − Repairs & maintenance: −$876
• − Management: −$876
• − Depreciation: −$387
• Taxable income: $7,948
• Est. tax owed @ 24.0%: −$1,908
• After-tax cash flow: $5,788/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: Electra ISD
• NCES district ID: 4818330
• Math proficiency: 35% ▼ -5.00%
• Reading proficiency: 39% ▼ -1.00%
• Median HH income: $39,107
• Composite: 30.95/100
• National rank: #6109
• State rank: #494 of 826 in TX

Livability — Electra

• Score: 66/100
• State rank: #647
• US rank: #12245

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Electra, TX
• Population (ZIP): 2,692

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 (73%)
• Race & ethnicity: White 73% Hispanic / Latino 18% Two or more races 9% Black 4%
• Hispanic origin (detail): Mexican 17%
• Common ancestry: Slovak 3% Italian 2% Iranian 1%
• Foreign-born: 1% · Canada
• Languages at home: 93% English-only · Spanish 6%

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: ▲ 1.14%
• Current HPI: 106.7145
• 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

+531.5% since first listed

6 events — show timeline

• 2024-11-25 Listing Removed — HARMLS
• 2024-11-25 Listed $13,299 HARMLS
• 2024-09-09 Price Changed $13,299 HARMLS
• 2023-12-06 Price Changed $13,999 HARMLS
• 2022-06-21 Listed $26,999 HARMLS
• 2021-02-05 Sold (Public Records) $2,106 Public Records

Property tax history

-14.5%/yr

Latest (2025): $51 · -0.1% YoY. Source: county tax records.