2317 Silvercloud Dr · Lockhart, TX 78644

$227,499

4 bd · 2.0 ba · 1,667 sqft · SingleFamily · 16 Days on market

Built 2026 Excellent condition 5,662 sqft lot $136/sqft · 9% below area Est $250k · 9% under $36/mo HOA · 2% of rent ↓ 10% since listing

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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).

• ARV discount +11.6/15.0
• Cash flow +10.6/30.0
• Condition / age +5.0/5.0
• Livability +3.4/5.0
• 1% rule +3.3/10.0
• DSCR +3.1/10.0
• Rent growth +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks

The Ramsey - This new single-story home boasts a low-maintenance design ideal for modern lifestyles. An open-concept layout combines the kitchen, living and dining areas to encourage seamless transitions and multitasking. Three bedrooms are located near the front of the home, with a luxurious owner’s suite at the back of the home, complete with a full bathroom and walk-in closet. Photos are for illustrative purposes only. Estimated Completion August 2026. The completion date, prices and features may vary and are subject to change. Please verify with Lennar directly.

Key facts

• 5,662 sq ft lot
• 2 garage spots
• Built 2026

Property features AI

Finance

• HOA & community: Part of Summerside HOA with a $36 monthly fee (includes common area maintenance); Community mailbox

Exterior

• Parking: Attached garage; Driveway parking; 2 covered parking spaces (2 total)
• Utilities: Electricity connected; Public sewer; Public water available
• Home design: Single-story home; New construction by Lennar; Faces northeast
• Construction: HardiPlank-type exterior; Composition roof; Slab foundation; Built by builder (new construction)
• Exterior features: Private yard; Front porch; Back yard with wood privacy fencing; Interior lot

Interior

• Kitchen: Dishwasher; Range
• Bedrooms: 4 main-level bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air; Heating: see remarks
• Interior features: Open floorplan; Walk-in closets
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $227k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-111 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $211k (7.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $190k (16.7% below list).
• Recommended offer: $190k (16.7% below list) — sets the bar for 1% rule.
• Cap rate 5.7% vs local median 3.0% in Lockhart — 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 67/100 on livability (#535 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: amenities F, commute F, health & safety F.
• Lockhart ISD (town): math 27% / reading 29% proficiency, ranked #657 of 826 in TX (top 80%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Navarro El (math 27% / reading 30%, grade F, #2,706 of 4,322 statewide, top 63%, 580 students, 72% FRL); Lockhart J H (math 22% / reading 26%, grade F, #1,301 of 1,662 statewide, top 79%, 1,433 students, 74% FRL); Lockhart H S (math 21% / reading 33%, grade F, #1,204 of 1,632 statewide, top 75%, 1,968 students, 69% FRL).
• Market conditions: 458 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 529 units permitted in Caldwell County in 2024 (6 in 5+ unit buildings).
• This rent runs 30% of the median local income ($75k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Caldwell County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($224k) is reasonable based on typical stale-listing flexibility.

Recommended offer $189,516 (16.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.83% ✗
• Cap rate: 5.71%
• Cash-on-cash: -2.09%
• DSCR: 0.91
• GRM: 10.0

CMA / ARV

• ARV (median comp): $250,131
• List price: $227,499
• Delta: -9.05%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2328 Silvercloud Dr	0.06mi	4/2.0	1,667 (0%)	2mo	$234,990	$141	96
2320 Silvercloud Dr	0.04mi	4/2.0	1,707 (+2%)	1mo	$244,990	$144	94
2329 Silvercloud Dr	0.06mi	4/2.0	1,850 (+11%)	1mo	$245,990	$133	78
214 Sandhill Dr	0.22mi	3/2.0 (-1)	1,732 (+4%)	2mo	$279,900	$162	77
419 Silvercloud Dr	0.27mi	3/2.0 (-1)	1,732 (+4%)	1mo	$233,999	$135	75
425 Silvercloud Dr	0.30mi	3/2.0 (-1)	1,732 (+4%)	1mo	$235,999	$136	73
417 Silvercloud Dr	0.27mi	3/2.0 (-1)	1,569 (-6%)	1mo	$219,999	$140	72
2324 Silvercloud Dr	0.05mi	3/2.0 (-1)	1,474 (-12%)	2mo	$215,990	$147	72
405 Thunderstorm Ave	0.21mi	3/2.0 (-1)	1,442 (-14%)	0mo	$215,000	$149	62
633 Halfmoon Dr	0.74mi	3/2.0 (-1)	1,668 (+0%)	1mo	$239,950	$144	59
420 Halfmoon Dr	0.38mi	3/2.0 (-1)	1,450 (-13%)	0mo	$190,000	$131	55
2306 Tornado Aly	0.64mi	3/2.0 (-1)	1,450 (-13%)	1mo	$184,999	$128	42

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: -19.7%
• Equity multiple: 0.31×
• Total profit: $-43,885
• Equity at exit: $33,921

10-year hold

• IRR: -12.5%
• Equity multiple: 0.26×
• Total profit: $-47,113
• Equity at exit: $19,670

Cash invested: $63,700 (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 78644

• Home prices YoY: -29.4%
• Active inventory: 458
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,895 high
• Mortgage (P&I): −$1,193
• Tax est. 1.5%: −$284 /mo · $3,412/yr
• Insurance: −$95
• HOA: −$36
• Vacancy / Maint / Mgmt: −$398
• Net cashflow: $-111

Break-even live

Break-even rent $2,036

Max offer price $211,435

Occupancy floor —

Sensitivity live

Price	-10% $46	-5% $-32	+0% $-111	+5% $-190	+10% $-268
Rent	-10% $-261	-5% $-186	+0% $-111	+5% $-36	+10% $39
Rate	-1.0pp $4	-0.5pp $-53	base $-111	+0.5pp $-170	+1.0pp $-230

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: $56,875
• Closing costs: $6,825
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2329 Silvercloud Dr Lockhart, TX	4.0	2.0	1850	$1,850	$1.00	18d	1	0.08mi
416 Silvercloud Dr Lockhart, TX	3.0	2.0	1474	$1,599	$1.08	45d	1	0.21mi
2404 Night Sky Cv Lockhart, TX	3.0	2.0	1647	$1,700	$1.03	0d	1	0.25mi
218 Sunshadow Dr Lockhart, TX	3.0	2.0	1750	$1,700	$0.97	0d	1	0.29mi
206 Sunshadow Dr Lockhart, TX	3.0	2.0	1690	$1,750	$1.04	0d	1	0.32mi
432 Thunderstorm Ave Lockhart, TX	3.0	2.0	1202	$1,600	$1.33	0d	1	0.32mi
2304 Blizzard Dr Lockhart, TX	4.0	2.0	1500	$1,700	$1.13	45d	1	0.33mi
415 Halfmoon Dr Lockhart, TX	3.0	2.0	1217	$1,600	$1.31	25d	1	0.33mi
406 Halfmoon Dr Lockhart, TX	3.0	2.0	1450	$1,800	$1.24	0d	1	0.37mi
510 Sunray Dr Lockhart, TX	3.0	2.0	1450	$1,700	$1.17	25d	1	0.46mi
2400 Fullmoon Dr Lockhart, TX	3.0	2.0	1474	$1,695	$1.15	45d	1	0.50mi
2306 Red Sky Dr Lockhart, TX	3.0	2.5	1500	$1,650	$1.10	0d	1	0.56mi
2327 Red Sky Dr Lockhart, TX	3.0	2.0	1470	$1,795	$1.22	25d	1	0.58mi
611 Halfmoon Dr Lockhart, TX	3.0	2.0	1474	$1,695	$1.15	13d	1	0.59mi
2306 Tornado Aly Lockhart, TX	3.0	2.0	1450	$1,600	$1.10	25d	1	0.61mi
2215 Cyclone Dr Lockhart, TX	3.0	2.0	1250	$1,600	$1.28	14d	1	0.65mi

HOA detail

• Monthly dues: $36 · $432/yr

Listing history 2 events

1. 2026-05-31
   status $227,499 Pending 16 DOM
2. 2026-05-14
   listed $252,499 Active 578-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $22,742
• − Mortgage interest: −$12,743
• − Property taxes: −$3,412
• − Insurance: −$1,137
• − Repairs & maintenance: −$1,819
• − Management: −$1,819
• − HOA: −$432
• − Depreciation: −$6,618
• Taxable loss: −$5,240
• Est. tax savings @ 24.0%: +$1,258
• After-tax cash flow: $-75/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 · 1 photo

Excellent 100/100 None rehab

This new single-story home is move-in ready with a low-maintenance design, ideal for modern lifestyles. It features an open-concept layout and luxurious owner's suite, making it perfect for both resale and rental.

Schools (NCES district)

• District: Lockhart ISD
• NCES district ID: 4827870
• Math proficiency: 27% ▼ -12.00%
• Reading proficiency: 29% ▼ -2.00%
• Median HH income: $48,868
• Composite: 24.44/100
• National rank: #7674
• State rank: #657 of 826 in TX

Livability — Lockhart

• Score: 67/100
• State rank: #535
• US rank: #10453

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lockhart, TX
• County: Caldwell County · 25,195 people
• City population: 22,348
• Metro: Austin-Round Rock-Georgetown, TX
• Population (ZIP): 22,348
• Household income: $74,709
• Rent vs Own: 25.1% rent · 74.9% own
• Severe rent burden: 324.0

Population outlook (Caldwell County) Hauer SSP2

• Today (2025): 46,557 people
• By 2030: 49,673 · +6.7%
• By 2040: 55,827 · +19.9%
• By 2050: 61,832 · +32.8%
• By 2075: 77,212 · +65.8%
• By 2100: 89,225 · +91.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Hispanic / Latino 52% White 39% Two or more races 23% Black 4% Asian 1%
• Hispanic origin (detail): Mexican 45% Puerto Rican 2%
• Common ancestry: Italian 1% Lithuanian 1% Serbian 1%
• Foreign-born: 9% · Canada
• Languages at home: 67% English-only · Spanish 32%

Political lean MEDSL · Caldwell

• 2024 margin: R (+14.4) · D 42.2% · R 56.6% · Other 1.2%
• 2008→2024 swing: -8.4pp toward R · 2008: -6.0pp · 2024: -14.4pp
• All cycles: 2024: R+14.4 2020: R+9.1 2016: R+15.8 2012: R+11.1 2008: R+6.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -99.62%
• Current HPI: 239.7906
• Rent YoY: —
• Metro: Austin-Round Rock-Georgetown, 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

-9.9% since first listed

3 events — show timeline

• 2026-05-30 Pending — Unlock MLS
• 2026-05-20 Price Changed $227,499 Unlock MLS
• 2026-05-14 Listed $252,499 Unlock MLS