116 Hardeman St · Copperas Cove, TX 76522

$75,000

3 bd · 2.0 ba · 1,053 sqft · SingleFamily public records · 1 Days on market

Built 1965 9,317 sqft lot Est $140k · 46% 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
• Schools +3.6/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Investor Special! Opportunity awaits at 116 Hardeman in Copperas Cove. This property is in need of significant rehabilitation and is being sold as-is. Known issues include possible mold (no test has been conducted), missing subflooring in multiple areas, and foundation concerns. The home will require foundation repair, mold testing and possible remediation, and may need extensive interior renovation or full gutting to restore it to a livable condition. Ideal for experienced investors, contractors, or buyers seeking a major renovation project. With the right vision and improvements, this property offers potential for resale, rental income, or long-term investment. Cash is required. Buyer to

Key facts

• 9,317 sq ft lot
• Garage
• Built 1965

Property features AI

Exterior

• Parking: 1-car garage
• Security: No security features listed
• Utilities: Electricity available and on property; Natural gas available; Public water; Public sewer
• Home design: Single-story; Fixer / resale condition; Pillar/post/pier foundation
• Construction: Stone veneer exterior; Composition/shingle roof; Year built per assessor
• Exterior features: Chain-link fence in back yard; No additional exterior features listed

Interior

• Kitchen: Electric range
• Bedrooms: No bedroom details provided
• Flooring: Hardwood; Unfinished flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Natural gas heating; Central electric air conditioning
• Interior features: Kitchen/family room combo; No additional interior features listed
• Laundry & utility: Laundry located in garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $378 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Cap rate 12.3% vs local median 3.4% in Copperas Cove — 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 65/100 on livability (#706 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, employment D+, amenities F.
• Copperas Cove ISD (suburban): math 41% / reading 42% proficiency, ranked #340 of 826 in TX (top 41%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-0.2%/yr); 605 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; 386 units permitted in Coryell County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $519 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $21k cash investment doubles in ~8 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 2y 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 2.9% of price.
• Climate carrying-cost: major wind risk, 48% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $75,000

Questions for the listing agent

1. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.66% ✓
• Cap rate: 12.35%
• Cash-on-cash: 21.61%
• DSCR: 1.96
• GRM: 5.0

CMA / ARV

• ARV (on-the-fly): $140,049
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
116 Hardeman St	0.00mi	3/1.5	1,053 (0%)	0mo	$70,000	$66	98
201 Ridge St	0.10mi	3/1.0	1,132 (+8%)	7mo	$152,000	$134	73
517 Creek St	0.54mi	3/1.5	1,099 (+4%)	0mo	$146,264	$133	65
209 Easy St	0.09mi	3/1.0	920 (-13%)	7mo	$129,900	$141	65
2201 Keenan Ave	0.45mi	2/1.0 (-1)	1,064 (+1%)	8mo	$75,000	$70	61

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 10.5%
• Equity multiple: 1.40×
• Total profit: $8,357
• Equity at exit: $11,183

10-year hold

• IRR: 16.7%
• Equity multiple: 2.17×
• Total profit: $24,475
• Equity at exit: $6,485

Cash invested: $21,000 (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 76522

• Home prices YoY: -22.4%
• Rents YoY: -0.2%
• Active inventory: 605
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,247 high
• Mortgage (P&I): −$393
• Tax from tax record: −$182 /mo · $2,186/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$262
• Net cashflow: $378

Break-even live

Break-even rent $768

Max offer price $75,000

Occupancy floor 65%

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
105 Nauert St Copperas Cove, TX	4.0	1.0	1346	$1,395	$1.04	23d	1	0.13mi
1106 Pack Ave Copperas Cove, TX	3.0	2.0	1302	$1,275	$0.98	43d	1	0.28mi
308 Creek St Unit A Copperas Cove, TX	2.0	1.5	978	$875	$0.89	43d	1	0.31mi
403 Creek St Apt D Copperas Cove, TX	2.0	1.0	803	$725	$0.90	43d	1	0.32mi
409 Creek St Copperas Cove, TX	2.0	2.0	850	$1,000	$1.18	43d	1	0.35mi
418 Cottonwood Dr Copperas Cove, TX	3.0	2.0	1208	$1,495	$1.24	43d	1	0.39mi
1003 E Robertson Ave Copperas Cove, TX	3.0	2.0	1042	$1,150	$1.10	23d	1	0.40mi
507 Kate St Copperas Cove, TX	3.0	2.0	1280	$1,295	$1.01	23d	1	0.44mi
1306 Amthor Ave Copperas Cove, TX	3.0	2.0	1366	$1,399	$1.02	43d	1	0.47mi
202 Marston Ave Unit B Copperas Cove, TX	3.0	2.0	1200	$1,350	$1.12	23d	1	0.48mi
202 Marston Ave Unit B Copperas Cove, TX	3.0	2.0	1200	$1,350	$1.12	43d	1	0.48mi
408 Allen St Copperas Cove, TX	3.0	1.0	1300	$1,095	$0.84	23d	1	0.49mi
518 Kate St Copperas Cove, TX	4.0	1.5	1302	$1,595	$1.23	43d	1	0.52mi
208 Gibson St Unit A Copperas Cove, TX	2.0	1.0	721	$750	$1.04	43d	1	0.53mi
225 Gibson St Unit A Copperas Cove, TX	2.0	2.0	1020	$1,150	$1.13	43d	1	0.55mi
221 Gibson St Unit B Copperas Cove, TX	2.0	2.0	1020	$1,050	$1.03	21d	1	0.56mi
303 Margaret Lee St Copperas Cove, TX	3.0	1.0	1124	$915	$0.81	13d	1	0.59mi
1005 Phil Ave Copperas Cove, TX	3.0	1.0	1026	$1,025	$1.00	43d	1	0.60mi
137 Wolfe Rd Apt C Copperas Cove, TX	2.0	1.0	768	$650	$0.85	43d	1	0.68mi
907 North Dr Unit B Copperas Cove, TX	2.0	1.0	725	$850	$1.17	43d	1	0.73mi
308 Erby Ave Unit C Copperas Cove, TX	2.0	1.0	795	$900	$1.13	43d	1	0.86mi
212 Erby Ave Unit B Copperas Cove, TX	2.0	1.0	795	$850	$1.07	43d	1	0.86mi
306 Erby Ave Unit A Copperas Cove, TX	2.0	1.0	795	$695	$0.87	43d	1	0.87mi
403 E Hogan Dr Copperas Cove, TX	4.0	2.0	1492	$1,675	$1.12	23d	1	0.87mi
309 Erby Ave Unit A Copperas Cove, TX	2.0	1.0	800	$824	$1.03	23d	1	0.88mi
204 South Dr Unit A Copperas Cove, TX	2.0	1.0	895	$999	$1.12	43d	1	0.88mi
211 E Hogan Dr Copperas Cove, TX	3.0	2.0	1372	$1,400	$1.02	13d	1	0.91mi
1564 Risen Star Ln Unit A Copperas Cove, TX	3.0	2.0	1110	$1,400	$1.26	23d	1	0.95mi
1714 Risen Star Ln Unit A Copperas Cove, TX	3.0	2.5	1213	$1,325	$1.09	23d	1	0.97mi
1714 Risen Star Ln Unit A Copperas Cove, TX	3.0	2.5	1213	$1,325	$1.09	43d	1	0.97mi
114 Nelson Dr Copperas Cove, TX	3.0	2.0	1448	$1,400	$0.97	43d	1	1.01mi
1316 Liberation Ln Unit B Copperas Cove, TX	3.0	2.0	1300	$1,300	$1.00	43d	1	1.02mi
1243 Liberation Ln Unit A Copperas Cove, TX	3.0	2.0	1309	$1,249	$0.95	43d	1	1.03mi
1335 Liberation Ln Unit A Copperas Cove, TX	3.0	2.0	1333	$2,500	$1.88	13d	1	1.07mi
1335 Liberation Ln Unit B Copperas Cove, TX	3.0	2.0	1333	$2,400	$1.80	13d	1	1.08mi
304 Carpenter St Unit 1 Copperas Cove, TX	2.0	1.0	850	$775	$0.91	43d	1	1.09mi
304 Carpenter St Unit 7 Copperas Cove, TX	2.0	1.0	850	$775	$0.91	23d	1	1.09mi
401 N 4th St Apt E Copperas Cove, TX	2.0	1.0	750	$700	$0.93	23d	1	1.12mi
917 Whirlaway Dr Copperas Cove, TX	3.0	2.0	1300	$1,500	$1.15	43d	1	1.13mi
604 N Main St Apt C Copperas Cove, TX	2.0	1.5	1000	$750	$0.75	43d	1	1.20mi

Listing history 2 events

1. 2026-06-05
   remarks 699-char remark
2. 2026-06-05
   listed $75,000 Pending 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: $2,186 · $182/mo
• Projected year-2 tax: $2,186 · $182/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 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥106°F today · 23 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 48% 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: $14,962
• − Mortgage interest: −$4,201
• − Property taxes: −$2,186
• − Insurance: −$375
• − Repairs & maintenance: −$1,197
• − Management: −$1,197
• − Depreciation: −$2,182
• Taxable income: $3,624
• Est. tax owed @ 24.0%: −$870
• After-tax cash flow: $3,669/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: Copperas Cove ISD
• NCES district ID: 4815240
• Math proficiency: 41% ▼ -6.00%
• Reading proficiency: 42% ▼ -2.00%
• Median HH income: $51,072
• Composite: 35.85/100
• National rank: #4822
• State rank: #340 of 826 in TX

Livability — Copperas Cove

• Score: 65/100
• State rank: #706
• US rank: #13158

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Copperas Cove, TX
• County: Coryell County · 61,053 people
• City population: 42,118
• Metro: Killeen-Temple, TX
• Population (ZIP): 42,118
• Household income: $72,206
• Rent vs Own: 37.9% rent · 62.1% own
• Severe rent burden: 1019.0

Population outlook (Coryell County) Hauer SSP2

• Today (2025): 75,485 people
• By 2030: 75,627 · +0.2%
• By 2040: 74,898 · -0.8%
• By 2050: 74,221 · -1.7%
• By 2075: 72,688 · -3.7%
• By 2100: 66,862 · -11.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 53% Hispanic / Latino 21% Two or more races 20% Black 14% Asian 2%
• Hispanic origin (detail): Mexican 11% Puerto Rican 6%
• Common ancestry: Romanian 2% Italian 2% Lithuanian 2%
• Foreign-born: 7% · Canada, South Korea
• Languages at home: 85% English-only · Spanish 10% German/W. Germanic 2% Other Asian/Pacific 1%

Political lean MEDSL · Coryell

• 2024 margin: Solid R (+40.7) · D 29.1% · R 69.8% · Other 1.1%
• 2008→2024 swing: -13.8pp toward R · 2008: -26.9pp · 2024: -40.7pp
• All cycles: 2024: R+40.7 2020: R+33.5 2016: R+39.5 2012: R+36.6 2008: R+26.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -53.11%
• Current HPI: 183.9452
• Rent YoY: ▼ -0.25%
• 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

+6150.0% since first listed

7 events — show timeline

• 2026-06-04 Pending — CTXMLS
• 2026-06-04 Listed $75,000 CTXMLS
• 2025-06-09 Rental Removed $995 APPFOLIO
• 2025-06-04 Listed for Rent $995 APPFOLIO
• 2024-09-28 Rental Removed $995 APPFOLIO
• 2024-09-14 Price Changed $995 APPFOLIO
• 2024-07-30 Listed for Rent $1,200 APPFOLIO

Property tax history

+3.1%/yr

Latest (2025): $2,186 · -1.1% YoY. Source: county tax records.