2006 SE 20th St · Mineral Wells, TX 76067

$149,900

3 bd · 1.0 ba · 989 sqft · SingleFamily public records · 37 Days on market

Built 1951 10,237 sqft lot $152/sqft · 11% below area Est $168k · 11% under

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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).

• Cash flow +23.9/30.0
• ARV discount +12.2/15.0
• DSCR +7.7/10.0
• 1% rule +5.5/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Value-add opportunity priced accordingly for a quick sale in Mineral Wells. This 2-bedroom, 1-bath, single-story home offers 989 square feet of living space on a generous interior lot just under a quarter acre in the Airflyte subdivision. Built in 1951, the property provides a solid footprint and functional layout, making it an ideal candidate for renovation, rental improvement, or resale. The floor plan includes a dedicated dining area, spacious kitchen, utility room, and a covered rear porch that adds usable outdoor space. Interior features include built-in elements and a walk-in closet in the primary bedroom. Flooring consists of a combination of carpet and laminate, offering a clear path for cosmetic updates to add immediate value. Exterior highlights include a carport, chain-link fencing, grassy yard, city water and sewer, and natural gas service. Cooling is provided by window units and ceiling fans. Property is being sold as-is, with pricing reflective of condition and intended to encourage a prompt sale. Conveniently located near schools, shopping, and downtown Mineral Wells, and served by Mineral Wells ISD. Listing terms include Cash, Conventional, FHA, and VA. Possession available at closing.

Key facts

• Updates to plumbing
• Hvac
• Fresh paint

Tags

• NEW ROOF
• UPDATES TO PLUMBING
• HVAC
• ELECTRICAL
• FRESH PAINT
• NEW FLOORING

Property features AI

Finance

• Other: Listing is active and offered by Cornerstone Home and Ranch
• Financial info: Treat As Clear loan type; No second mortgage
• HOA & community: No association

Exterior

• Parking: Carport (1 covered/carport space)
• Utilities: City water; City sewer; Electricity connected; Not in a municipal utility district
• Home design: Single-family residence; Residential property; Built in 1951; One story
• Construction: Year built: 1951
• Exterior features: Lot under 0.5 acre (approximately 0.235 acre); Subdivision: Airflyte

Interior

• Kitchen: Microwave
• Bedrooms: 3 bedrooms (primary bedroom on main level)
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: One-level layout; One living area; Other interior features
• Laundry & utility: No specific laundry details provided

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $289 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $145k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 2.8% in Mineral Wells — 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 72/100 on livability (#278 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D+, employment D, amenities F.
• Mineral Wells ISD (town): math 30% / reading 30% proficiency, ranked #636 of 826 in TX (top 77%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Mineral Wells El (math 36% / reading 28%, grade F, #2,268 of 4,322 statewide, top 55%, 1,915 students, 79% FRL); Mineral Wells J H (math 26% / reading 31%, grade F, #1,122 of 1,662 statewide, top 69%, 498 students, 75% FRL); Mineral Wells H S (math 15% / reading 33%, grade F, #1,333 of 1,632 statewide, top 82%, 920 students, 74% FRL) — zoned schools average 76% FRL vs 58% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 279 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 27 units permitted in Palo Pinto County in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($62k/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 $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Palo Pinto County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,403 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-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. 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?
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: 1.05% ✓
• Cap rate: 8.61%
• Cash-on-cash: 8.28%
• DSCR: 1.37
• GRM: 7.9

CMA / ARV

• ARV (median comp): $167,548
• List price: $149,900
• Delta: -10.53%
• 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
2006 20th St	0.00mi	2/1.0 (-1)	989 (0%)	4mo	$60,000	$61	92
2108 SE 19th St	0.05mi	3/1.0	1,069 (+8%)	2mo	$174,900	$164	82
1616 SE Park Rd	0.28mi	3/1.0	1,034 (+5%)	7mo	$119,000	$115	74
1912 SE 15th St	0.21mi	3/1.5	1,043 (+6%)	13mo	$152,000	$146	68
2109 SE 18th St	0.13mi	2/1.0 (-1)	918 (-7%)	13mo	$99,500	$108	66
1405 SE 13th St	0.55mi	3/1.5	978 (-1%)	7mo	$159,000	$163	65
1816 SE 18th St	0.16mi	3/1.0	1,111 (+12%)	9mo	$119,900	$108	65
1404 SE 12th St	0.56mi	4/1.0 (+1)	1,022 (+3%)	1mo	$150,000	$147	63
1007 SE 24th St	0.71mi	3/2.0	1,026 (+4%)	4mo	$145,000	$141	53
1502 SE 11th Ave	0.67mi	3/1.0	1,013 (+2%)	17mo	$162,000	$160	51
1405 SE 8 1/2 St	0.72mi	3/1.0	1,055 (+7%)	6mo	$167,500	$159	50
1006 SE 14th St	0.74mi	2/1.0 (-1)	1,008 (+2%)	21mo	$189,500	$188	40

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: -3.7%
• Equity multiple: 0.86×
• Total profit: $-5,878
• Equity at exit: $22,351

10-year hold

• IRR: 5.9%
• Equity multiple: 1.44×
• Total profit: $18,517
• Equity at exit: $12,961

Cash invested: $41,972 (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 76067

• Active inventory: 279
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,575 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$106 /mo · $1,278/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $289

Break-even live

Break-even rent $1,209

Max offer price $149,900

Occupancy floor 77%

Sensitivity live

Price	-10% $374	-5% $332	+0% $289	+5% $247	+10% $205
Rent	-10% $165	-5% $227	+0% $289	+5% $352	+10% $414
Rate	-1.0pp $365	-0.5pp $328	base $289	+0.5pp $251	+1.0pp $211

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1912 SE 15th St Mineral Wells, TX	3.0	1.5	1043	$1,700	$1.63	25d	1	0.23mi
3001 NE 2nd St Mineral Wells, TX	1.0–3.0	1.0–2.0	909	$1,200	$1.32	0d	10	1.27mi

Listing history 27 events

1. 2026-06-21
   days on market $149,900 Active 37 DOM
2. 2026-06-19
   days on market $149,900 Active 35 DOM
3. 2026-06-18
   days on market $149,900 Active 34 DOM
4. 2026-06-17
   days on market $149,900 Active 33 DOM
5. 2026-06-16
   days on market $149,900 Active 32 DOM
6. 2026-06-15
   days on market $149,900 Active 31 DOM
7. 2026-06-14
   days on market $149,900 Active 29 DOM
8. 2026-06-12
   days on market $149,900 Active 28 DOM
9. 2026-06-09
   days on market $149,900 Active 25 DOM
10. 2026-06-08
    days on market $149,900 Active 24 DOM
11. 2026-06-07
    days on market $149,900 Active 23 DOM
12. 2026-06-07
    remarks 693-char remark
13. 2026-06-07
    pricestatusdays on market $149,900 Active 22 DOM
14. 2026-06-04
    statusdays on market $154,900 Active Option Contract 19 DOM
15. 2026-06-02
    days on market $154,900 Active 18 DOM
16. 2026-06-01
    days on market $154,900 Active 17 DOM
17. 2026-05-31
    days on market $154,900 Active 16 DOM
18. 2026-05-31
    days on market $154,900 Active 15 DOM
19. 2026-05-15
    listed $154,900 Active 851-char remark
20. 2026-03-10
    soldstatus
21. 2026-03-06
    soldstatus Closed 1229-char remark

    Show marketing remark (1229 chars)

    Value-add opportunity priced accordingly for a quick sale in Mineral Wells. This 2-bedroom, 1-bath, single-story home offers 989 square feet of living space on a generous interior lot just under a quarter acre in the Airflyte subdivision. Built in 1951, the property provides a solid footprint and functional layout, making it an ideal candidate for renovation, rental improvement, or resale. The floor plan includes a dedicated dining area, spacious kitchen, utility room, and a covered rear porch that adds usable outdoor space. Interior features include built-in elements and a walk-in closet in the primary bedroom. Flooring consists of a combination of carpet and laminate, offering a clear path for cosmetic updates to add immediate value. Exterior highlights include a carport, chain-link fencing, grassy yard, city water and sewer, and natural gas service. Cooling is provided by window units and ceiling fans. Property is being sold as-is, with pricing reflective of condition and intended to encourage a prompt sale. Conveniently located near schools, shopping, and downtown Mineral Wells, and served by Mineral Wells ISD. Listing terms include Cash, Conventional, FHA, and VA. Possession available at closing.

22. 2026-02-02
    status Pending 1229-char remark

    Show marketing remark (1229 chars)

    Value-add opportunity priced accordingly for a quick sale in Mineral Wells. This 2-bedroom, 1-bath, single-story home offers 989 square feet of living space on a generous interior lot just under a quarter acre in the Airflyte subdivision. Built in 1951, the property provides a solid footprint and functional layout, making it an ideal candidate for renovation, rental improvement, or resale. The floor plan includes a dedicated dining area, spacious kitchen, utility room, and a covered rear porch that adds usable outdoor space. Interior features include built-in elements and a walk-in closet in the primary bedroom. Flooring consists of a combination of carpet and laminate, offering a clear path for cosmetic updates to add immediate value. Exterior highlights include a carport, chain-link fencing, grassy yard, city water and sewer, and natural gas service. Cooling is provided by window units and ceiling fans. Property is being sold as-is, with pricing reflective of condition and intended to encourage a prompt sale. Conveniently located near schools, shopping, and downtown Mineral Wells, and served by Mineral Wells ISD. Listing terms include Cash, Conventional, FHA, and VA. Possession available at closing.

23. 2026-01-29
    listed $60,000 Active 1229-char remark

    Show marketing remark (1229 chars)

    Value-add opportunity priced accordingly for a quick sale in Mineral Wells. This 2-bedroom, 1-bath, single-story home offers 989 square feet of living space on a generous interior lot just under a quarter acre in the Airflyte subdivision. Built in 1951, the property provides a solid footprint and functional layout, making it an ideal candidate for renovation, rental improvement, or resale. The floor plan includes a dedicated dining area, spacious kitchen, utility room, and a covered rear porch that adds usable outdoor space. Interior features include built-in elements and a walk-in closet in the primary bedroom. Flooring consists of a combination of carpet and laminate, offering a clear path for cosmetic updates to add immediate value. Exterior highlights include a carport, chain-link fencing, grassy yard, city water and sewer, and natural gas service. Cooling is provided by window units and ceiling fans. Property is being sold as-is, with pricing reflective of condition and intended to encourage a prompt sale. Conveniently located near schools, shopping, and downtown Mineral Wells, and served by Mineral Wells ISD. Listing terms include Cash, Conventional, FHA, and VA. Possession available at closing.

24. 2024-03-25
    soldstatus
25. 2023-12-06
    soldstatus
26. 2009-07-23
    soldstatus
27. 1997-07-09
    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: $1,278 · $106/mo
• Projected year-2 tax: $2,743 · $229/mo
• Expected delta: +$1,465/yr (+$122/mo · 114.7%)

ⓘ 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 · 22 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 18% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,904
• − Mortgage interest: −$8,397
• − Property taxes: −$1,278
• − Insurance: −$750
• − Repairs & maintenance: −$1,512
• − Management: −$1,512
• − Depreciation: −$4,361
• Taxable income: $1,095
• Est. tax owed @ 24.0%: −$263
• After-tax cash flow: $3,211/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: Mineral Wells ISD
• NCES district ID: 4830950
• Math proficiency: 30% ▼ -10.00%
• Reading proficiency: 30% ▼ -5.00%
• Median HH income: $40,027
• Composite: 25.26/100
• National rank: #7500
• State rank: #636 of 826 in TX

Livability — Mineral Wells

• Score: 72/100
• State rank: #278
• US rank: #6474

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mineral Wells, TX
• County: Palo Pinto County · 21,080 people
• City population: 21,080
• Metro: Mineral Wells, TX
• Population (ZIP): 21,080
• Household income: $62,190
• Rent vs Own: 35.5% rent · 64.5% own
• Severe rent burden: 745.0

Population outlook (Palo Pinto County) Hauer SSP2

• Today (2025): 27,500 people
• By 2030: 27,079 · -1.5%
• By 2040: 26,135 · -5.0%
• By 2050: 25,215 · -8.3%
• By 2075: 23,416 · -14.9%
• By 2100: 20,300 · -26.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 22% Two or more races 9% Black 4% Asian 1%
• Hispanic origin (detail): Mexican 19%
• Common ancestry: Lithuanian 4% Italian 1% Slovak 1%
• Foreign-born: 6% · Canada
• Languages at home: 86% English-only · Spanish 13% Other Indo-European 1%

Political lean MEDSL · Palo Pinto

• 2024 margin: Solid R (+67.1) · D 16.1% · R 83.2%
• 2008→2024 swing: -18.9pp toward R · 2008: -48.2pp · 2024: -67.1pp
• All cycles: 2024: R+67.1 2020: R+64.1 2016: R+64.1 2012: R+59.8 2008: R+48.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -134.09%
• Current HPI: 240.3647
• Rent YoY: —
• Metro: Mineral Wells, 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

+149.8% since first listed

12 events — show timeline

• 2026-06-06 Price Changed $149,900 NTREIS
• 2026-06-04 Relisted — NTREIS
• 2026-06-03 Contingent — NTREIS
• 2026-05-15 Listed $154,900 NTREIS
• 2026-03-10 Sold (Public Records) — Public Records
• 2026-03-06 Sold (MLS) — NTREIS
• 2026-02-02 Pending — NTREIS
• 2026-01-29 Listed $60,000 NTREIS
• 2024-03-25 Sold (Public Records) — Public Records
• 2023-12-06 Sold (Public Records) — Public Records
• 2009-07-23 Sold (Public Records) — Public Records
• 1997-07-09 Sold (Public Records) — Public Records

Property tax history

+3.2%/yr

Latest (2025): $1,278 · +8.5% YoY. Source: county tax records.