1103 Lisa Ln · Burkburnett, TX 76354

$179,900

3 bd · 2.0 ba · 1,178 sqft · SingleFamily · 14 Days on market

Built 1983 Est $174k · at est.

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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 +13.9/30.0
• ARV discount +6.1/15.0
• DSCR +4.2/10.0
• 1% rule +3.8/10.0
• Livability +3.5/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully remodeled 3bed/2bath home with a 1-car garage! This gem boasts floor-to-ceiling cabinets, subway tile, and granite countertops in the kitchen. The hall bathroom has been tastefully updated. Neutral tones throughout create a soothing ambiance. Enjoy the covered patio and admire the lovely landscaping. Plus, there's an outbuilding for extra storage space. Don't miss out on this fantastic property!

Key facts

• Privacy fence
• Beautiful backyard
• Fantastic workshop

Tags

• PRIVACY FENCE
• BEAUTIFUL BACKYARD
• FANTASTIC WORKSHOP

Property features AI

Exterior

• Parking: Attached garage with garage door opener
• Security: Security system
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Single story; Faces west
• Construction: Brick and vinyl siding exterior; Composition roof; Slab foundation; Residential property
• Exterior features: Fenced yard; Workshop

Interior

• Kitchen: Range; Oven; Electric oven; Dishwasher; Disposal
• Flooring: Laminate
• Heating & cooling: Central heating (natural gas); Central air conditioning
• Interior features: Security system

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $18 ($219/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $157k (12.5% below list).
• Recommended offer: $157k (12.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 70/100 on livability (#345 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: health & safety C-, employment D+, amenities F.
• Burkburnett ISD (town): math 35% / reading 32% proficiency, ranked #529 of 826 in TX (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Burkburnett Middle (math 35% / reading 33%, grade F, #892 of 1,662 statewide, top 55%, 736 students, 53% FRL); Burkburnett H S (math 39% / reading 40%, grade F, #821 of 1,632 statewide, top 53%, 834 students, 45% FRL).
• Market conditions: 71 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; 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 $1k of loan paydown is wiped out by about $5k 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.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 3y 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

• Climate carrying-cost: severe 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 $157,430 (12.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
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: 0.88% ✗
• Cap rate: 6.41%
• Cash-on-cash: 0.44%
• DSCR: 1.02
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $174,344
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1109 Ruby Rd	0.26mi	3/1.5	1,080 (-8%)	12mo	$159,900	$148	62
1002 E Beverly Loop	0.49mi	2/1.0 (-1)	1,251 (+6%)	8mo	$115,100	$92	51

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -15.6%
• Equity multiple: 0.44×
• Total profit: $-27,974
• Equity at exit: $26,824

10-year hold

• IRR: -7.1%
• Equity multiple: 0.55×
• Total profit: $-22,808
• Equity at exit: $15,554

Cash invested: $50,372 (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 76354

• Home prices YoY: -34.5%
• Active inventory: 71
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,574 medium
• Mortgage (P&I): −$943
• Tax from tax record: −$207 /mo · $2,484/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $18

Break-even live

Break-even rent $1,551

Max offer price $179,900

Occupancy floor 94%

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1310 Eleanor St Burkburnett, TX	4.0	2.0	1403	$2,400	$1.71	43d	1	0.45mi
1505 Sheppard Rd #40 Burkburnett, TX	3.0	2.0	1120	$1,195	$1.07	43d	1	0.53mi
908 Sycamore Dr Burkburnett, TX	2.0	2.0	1194	$1,100	$0.92	43d	1	0.55mi

Listing history 12 events

1. 2026-06-19
   days on market $179,900 Active 14 DOM
2. 2026-06-18
   days on market $179,900 Active 13 DOM
3. 2026-06-17
   days on market $179,900 Active 12 DOM
4. 2026-06-16
   days on market $179,900 Active 11 DOM
5. 2026-06-15
   days on market $179,900 Active 10 DOM
6. 2026-06-14
   days on market $179,900 Active 8 DOM
7. 2026-06-13
   days on market $179,900 Active 7 DOM
8. 2026-06-10
   days on market $179,900 Active 5 DOM
9. 2026-06-09
   days on market $179,900 Active 4 DOM
10. 2026-06-08
    days on market $179,900 Active 3 DOM
11. 2026-06-07
    remarks 506-char remark
12. 2026-06-07
    listed $179,900 Active 2 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: $2,484 · $207/mo
• Projected year-2 tax: $3,292 · $274/mo
• Expected delta: +$808/yr (+$67/mo · 32.5%)

ⓘ 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 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: $18,892
• − Mortgage interest: −$10,077
• − Property taxes: −$2,484
• − Insurance: −$900
• − Repairs & maintenance: −$1,511
• − Management: −$1,511
• − Depreciation: −$5,233
• Taxable loss: −$2,826
• Est. tax savings @ 24.0%: +$678
• After-tax cash flow: $898/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: Burkburnett ISD
• NCES district ID: 4812120
• Math proficiency: 35% ▼ -6.00%
• Reading proficiency: 32% ▼ -6.00%
• Median HH income: $53,346
• Composite: 29.44/100
• National rank: #6519
• State rank: #529 of 826 in TX

Livability — Burkburnett

• Score: 70/100
• State rank: #345
• US rank: #7548

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Burkburnett, TX
• Population (ZIP): 11,822

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 (79%)
• Race & ethnicity: White 79% Hispanic / Latino 14% Two or more races 8% Black 1%
• Hispanic origin (detail): Mexican 11% Puerto Rican 1%
• Common ancestry: Slovak 5% Iranian 4% Italian 3%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 5% Other Indo-European 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: ▼ -87.48%
• Current HPI: 166.3827
• 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

+12.5% since first listed

8 events — show timeline

• 2026-06-05 Listed $179,900 WFAOR
• 2023-06-30 Sold (Public Records) — Public Records
• 2023-06-30 Sold (MLS) — WFAOR
• 2023-06-12 Delisted — WFAOR
• 2023-05-22 Listed $159,900 WFAOR
• 2020-07-30 Sold (Public Records) — Public Records
• 2016-01-19 Sold (Public Records) — Public Records
• 2010-06-23 Sold (Public Records) — Public Records

Property tax history

+2.8%/yr

Latest (2025): $2,484 · +4.9% YoY. Source: county tax records.