1803 Lennox Ave · Killeen, TX 76549

$139,500

3 bd · 2.0 ba · 1,437 sqft · SingleFamily public records · 87 Days on market

Built 1982 8,319 sqft lot $97/sqft · 21% below area Est $176k · 21% under ↓ 20% since listing

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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).

• ARV discount +15.0/15.0
• Cash flow +14.8/30.0
• 1% rule +5.4/10.0
• DSCR +4.5/10.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Ask about $100 down program, HUD homes are sold AS IS. HUD case number 492-893645, Opportunity awaits with this single-story home in Killeen featuring 3 beds and 2 baths on a spacious lot. The property offers a functional layout, an attached garage, and convenient access to Fort Cavazos, shopping, and everyday amenities. With some updates and repairs, this home has strong potential for homeowners or investors alike.

Key facts

• 8,319 sq ft lot
• 2 garage spots
• Built 1982

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $40 ($474/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $140k).
• Recommended offer: $131k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.6% vs local median 3.9% in Killeen — 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 63/100 on livability (#853 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, amenities D, employment D.
• Killeen ISD (urban): math 31% / reading 38% proficiency, ranked #524 of 826 in TX (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.1%/yr); 429 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 3,222 units permitted in Bell County in 2024 (246 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $964 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Bell County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 87 days — a 6% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $34k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price.
• Climate carrying-cost: major wind risk, 56% 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 $131,130 (6.0% below list)

Questions for the listing agent

1. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.04% ✓
• Cap rate: 6.63%
• Cash-on-cash: 1.21%
• DSCR: 1.05
• GRM: 8.0

CMA / ARV

• ARV (median comp): $176,337
• List price: $139,500
• Delta: -20.89%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1702 Big Bend Dr	0.20mi	3/2.0	1,444 (+0%)	3mo	$162,500	$113	87
3010 Westrim Dr	0.25mi	4/2.0 (+1)	1,442 (+0%)	5mo	$199,900	$139	78
2801 Greystone Dr	0.49mi	3/2.0	1,372 (-4%)	2mo	$155,000	$113	68
1818 Gautier Ave	0.40mi	3/2.0	1,304 (-9%)	4mo	$169,000	$130	63
1701 Bobby Lee Dr	0.64mi	3/2.5	1,413 (-2%)	4mo	$130,000	$92	62
1402 Nina Dr	0.54mi	3/2.0	1,350 (-6%)	6mo	$138,000	$102	60
2701 Wildflower Dr	0.46mi	3/2.0	1,588 (+10%)	4mo	$164,900	$104	58
1802 Nina Dr	0.48mi	3/2.0	1,288 (-10%)	5mo	$145,000	$113	56
1801 Caprock Dr	0.56mi	3/2.0	1,581 (+10%)	1mo	$214,900	$136	56
1810 Clarawood Dr	0.30mi	4/2.0 (+1)	1,650 (+15%)	1mo	$189,000	$115	56
2702 Wildflower Dr	0.44mi	3/2.0	1,246 (-13%)	4mo	$112,000	$90	54
2205 Bluebonnet Dr	0.49mi	3/3.0	1,622 (+13%)	3mo	$215,000	$133	50

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 · 1.14% rent growth · sell at horizon

5-year hold

• IRR: -16.7%
• Equity multiple: 0.42×
• Total profit: $-22,654
• Equity at exit: $20,800

10-year hold

• IRR: -12.8%
• Equity multiple: 0.32×
• Total profit: $-26,613
• Equity at exit: $12,061

Cash invested: $39,060 (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 76549

• Home prices YoY: -12.6%
• Rents YoY: 1.1%
• Active inventory: 429
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,457 high
• Mortgage (P&I): −$732
• Tax from tax record: −$322 /mo · $3,865/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$306
• Net cashflow: $40

Break-even live

Break-even rent $1,407

Max offer price $139,500

Occupancy floor 92%

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: $34,875
• Closing costs: $4,185
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3308 Bermuda Dr Killeen, TX	3.0	2.0	1500	$1,400	$0.93	23d	1	0.10mi
1415 Circletree Loop Killeen, TX	4.0	2.0	1440	$1,350	$0.94	43d	1	0.16mi
1802 Big Bend Dr Killeen, TX	3.0	2.0	1515	$1,650	$1.09	43d	1	0.21mi
1704 Big Bend Dr Killeen, TX	3.0	2.0	1472	$1,600	$1.09	23d	1	0.22mi
3201 Paintrock Dr Killeen, TX	3.0	2.0	1463	$1,475	$1.01	43d	1	0.23mi
1818 Janis Dr Killeen, TX	4.0	2.0	1781	$1,450	$0.81	23d	1	0.23mi
3318 Paintrock Dr Killeen, TX	3.0	2.0	1594	$1,550	$0.97	43d	1	0.26mi
3318 Paintrock Dr Killeen, TX	3.0	2.0	1594	$1,425	$0.89	23d	1	0.26mi
3008 Westrim Dr Unit NA Killeen, TX	3.0	2.0	1596	$1,650	$1.03	43d	1	0.28mi
3101 Westrim Dr Killeen, TX	3.0	2.0	1456	$1,400	$0.96	43d	1	0.29mi
2806 Grasslands Dr Killeen, TX	3.0	2.0	1451	$1,395	$0.96	13d	1	0.30mi
1804 Clarawood Dr Killeen, TX	3.0	2.0	1238	$1,300	$1.05	13d	1	0.31mi
2701 Bermuda Dr Unit A Killeen, TX	2.0	1.5	924	$949	$1.03	43d	1	0.33mi
1820 Gaynor Dr Killeen, TX	4.0	2.0	1288	$1,600	$1.24	43d	1	0.34mi
1505 Elyse Dr Killeen, TX	3.0	2.0	1512	$1,300	$0.86	13d	1	0.34mi
2609 Bermuda Dr Unit C Killeen, TX	2.0	1.5	1025	$950	$0.93	23d	1	0.36mi
2405 Westwood Dr Killeen, TX	4.0	2.0	1668	$1,550	$0.93	43d	1	0.37mi
1301 Anna Lee Dr Killeen, TX	3.0	2.0	1568	$1,100	$0.70	43d	1	0.38mi
1505 Daude Ave Killeen, TX	3.0	2.0	1223	$1,350	$1.10	23d	1	0.39mi
2504 Bluejay Dr Killeen, TX	4.0	2.0	1750	$1,475	$0.84	23d	1	0.41mi
3500 Dustin Ct Unit A Killeen, TX	3.0	2.0	1295	$1,325	$1.02	43d	1	0.41mi
2504 Edgefield St Killeen, TX	3.0	2.0	1101	$1,445	$1.31	23d	1	0.42mi
1510 Karen Dr Killeen, TX	3.0	2.0	1296	$952	$0.73	43d	1	0.42mi
2508 Edgefield St Killeen, TX	3.0	2.0	1627	$1,400	$0.86	23d	1	0.44mi
3503 Dustin Ct Unit B-SHOWABLE Killeen, TX	3.0	2.0	1295	$1,095	$0.85	13d	1	0.44mi
2404 Windmill Dr Killeen, TX	2.0	1.0	915	$1,195	$1.31	13d	1	0.45mi
1507 Nina Dr Killeen, TX	4.0	2.0	1346	$1,650	$1.23	43d	1	0.45mi
2512 Schulze Dr Killeen, TX	3.0	2.5	1638	$1,450	$0.89	23d	1	0.45mi
3507 Dustin Ct Unit B Killeen, TX	3.0	2.0	1350	$1,125	$0.83	13d	1	0.46mi
2804 Lawndale St Killeen, TX	3.0	2.0	1581	$1,695	$1.07	43d	1	0.46mi
3509 Dustin Ct Unit B Killeen, TX	3.0	2.0	1300	$1,125	$0.87	13d	1	0.47mi
2810 Lawndale St Killeen, TX	3.0	2.0	1300	$1,425	$1.10	13d	1	0.47mi
2902 Lawndale St Killeen, TX	3.0	2.0	1244	$1,395	$1.12	43d	1	0.47mi
2505 Armadillo Dr Killeen, TX	3.0	2.0	1118	$1,400	$1.25	43d	1	0.48mi
3603 Dustin Ct Unit A Killeen, TX	2.0	2.0	1225	$1,150	$0.94	23d	1	0.48mi
1520 McCarthy Ave Killeen, TX	3.0	2.0	1789	$1,275	$0.71	23d	1	0.49mi
1203 Karen Dr Killeen, TX	3.0	2.0	1356	$1,097	$0.81	43d	1	0.49mi
1203 Karen Dr Killeen, TX	3.0	2.0	1356	$1,097	$0.81	13d	1	0.49mi
2311 Old FM 440 Rd Killeen, TX	3.0	2.0	1469	$1,550	$1.06	43d	1	0.49mi
2602 Edgefield St Unit B Killeen, TX	3.0	2.0	1141	$1,135	$0.99	13d	1	0.50mi

Listing history 18 events

1. 2026-06-18
   days on market $139,500 Active 87 DOM
2. 2026-06-17
   days on market $139,500 Active 86 DOM
3. 2026-06-16
   days on market $139,500 Active 85 DOM
4. 2026-06-15
   days on market $139,500 Active 84 DOM
5. 2026-06-14
   days on market $139,500 Active 82 DOM
6. 2026-06-13
   days on market $139,500 Active 81 DOM
7. 2026-06-10
   days on market $139,500 Active 79 DOM
8. 2026-06-09
   days on market $139,500 Active 78 DOM
9. 2026-06-08
   days on market $139,500 Active 77 DOM
10. 2026-06-07
    days on market $139,500 Active 76 DOM
11. 2026-06-03
    status $139,500 Active 72 DOM
12. 2026-04-24
    status Active 419-char remark

    Show marketing remark (419 chars)

    Ask about $100 down program, HUD homes are sold AS IS. HUD case number 492-893645, Opportunity awaits with this single-story home in Killeen featuring 3 beds and 2 baths on a spacious lot. The property offers a functional layout, an attached garage, and convenient access to Fort Cavazos, shopping, and everyday amenities. With some updates and repairs, this home has strong potential for homeowners or investors alike.

13. 2026-04-24
    price $139,500 419-char remark

    Show marketing remark (419 chars)

    Ask about $100 down program, HUD homes are sold AS IS. HUD case number 492-893645, Opportunity awaits with this single-story home in Killeen featuring 3 beds and 2 baths on a spacious lot. The property offers a functional layout, an attached garage, and convenient access to Fort Cavazos, shopping, and everyday amenities. With some updates and repairs, this home has strong potential for homeowners or investors alike.

14. 2026-04-23
    status Pending 419-char remark

    Show marketing remark (419 chars)

    Ask about $100 down program, HUD homes are sold AS IS. HUD case number 492-893645, Opportunity awaits with this single-story home in Killeen featuring 3 beds and 2 baths on a spacious lot. The property offers a functional layout, an attached garage, and convenient access to Fort Cavazos, shopping, and everyday amenities. With some updates and repairs, this home has strong potential for homeowners or investors alike.

15. 2026-03-27
    status Active 419-char remark

    Show marketing remark (419 chars)

    Ask about $100 down program, HUD homes are sold AS IS. HUD case number 492-893645, Opportunity awaits with this single-story home in Killeen featuring 3 beds and 2 baths on a spacious lot. The property offers a functional layout, an attached garage, and convenient access to Fort Cavazos, shopping, and everyday amenities. With some updates and repairs, this home has strong potential for homeowners or investors alike.

16. 2026-03-27
    status Pending 419-char remark

    Show marketing remark (419 chars)

    Ask about $100 down program, HUD homes are sold AS IS. HUD case number 492-893645, Opportunity awaits with this single-story home in Killeen featuring 3 beds and 2 baths on a spacious lot. The property offers a functional layout, an attached garage, and convenient access to Fort Cavazos, shopping, and everyday amenities. With some updates and repairs, this home has strong potential for homeowners or investors alike.

17. 2026-03-10
    listed $174,000 Active 419-char remark

    Show marketing remark (419 chars)

    Ask about $100 down program, HUD homes are sold AS IS. HUD case number 492-893645, Opportunity awaits with this single-story home in Killeen featuring 3 beds and 2 baths on a spacious lot. The property offers a functional layout, an attached garage, and convenient access to Fort Cavazos, shopping, and everyday amenities. With some updates and repairs, this home has strong potential for homeowners or investors alike.

18. 1982-04-07
    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: $3,865 · $322/mo
• Projected year-2 tax: $3,865 · $322/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 ≥107°F today · 23 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 56% 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: $17,488
• − Mortgage interest: −$7,814
• − Property taxes: −$3,865
• − Insurance: −$698
• − Repairs & maintenance: −$1,399
• − Management: −$1,399
• − Depreciation: −$4,058
• Taxable loss: −$1,745
• Est. tax savings @ 24.0%: +$419
• After-tax cash flow: $893/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: Killeen ISD
• NCES district ID: 4825660
• Math proficiency: 31% ▼ -16.00%
• Reading proficiency: 38% ▼ -3.00%
• Median HH income: $47,665
• Composite: 29.69/100
• National rank: #6458
• State rank: #524 of 826 in TX

Livability — Killeen

• Score: 63/100
• State rank: #853
• US rank: #15359

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Killeen, TX
• County: Bell County · 345,090 people
• City population: 163,398
• Metro: Killeen-Temple, TX
• Population (ZIP): 56,038
• Household income: $70,871
• Rent vs Own: 44.7% rent · 55.3% own
• Severe rent burden: 1874.0

Population outlook (Bell County) Hauer SSP2

• Today (2025): 371,114 people
• By 2030: 389,104 · +4.8%
• By 2040: 420,592 · +13.3%
• By 2050: 447,779 · +20.7%
• By 2075: 499,130 · +34.5%
• By 2100: 505,680 · +36.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.74)
• Race & ethnicity: Black 35% White 27% Hispanic / Latino 26% Two or more races 16% Asian 4% Pacific Islander 1%
• Hispanic origin (detail): Mexican 13% Puerto Rican 9%
• Common ancestry: Italian 3% Romanian 1% Slovak 1%
• Foreign-born: 8% · Canada, Vietnam, South Korea
• Languages at home: 77% English-only · Spanish 17% Tagalog/Filipino 1% German/W. Germanic 1%

Political lean MEDSL · Bell

• 2024 margin: R (+16.2) · D 41.3% · R 57.6% · Other 1.1%
• 2008→2024 swing: -6.5pp toward R · 2008: -9.8pp · 2024: -16.2pp
• All cycles: 2024: R+16.2 2020: R+8.5 2016: R+15.1 2012: R+16.4 2008: R+9.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -24.68%
• Current HPI: 171.2708
• Rent YoY: ▲ 1.14%
• 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

-19.8% since first listed

7 events — show timeline

• 2026-04-24 Relisted — CTXMLS
• 2026-04-24 Price Changed $139,500 CTXMLS
• 2026-04-23 Pending — CTXMLS
• 2026-03-27 Relisted — CTXMLS
• 2026-03-27 Pending — CTXMLS
• 2026-03-10 Listed $174,000 CTXMLS
• 1982-04-07 Sold (Public Records) — Public Records

Property tax history

+5.7%/yr

Latest (2025): $3,865 · +39.9% YoY. Source: county tax records.