2303 Carolyn Dr · Taylor, TX 76574

$219,000

3 bd · 2.0 ba · 1,372 sqft · SingleFamily public records · 107 Days on market

Built 1982 9,583 sqft lot $160/sqft · 28% below area Est $304k · 28% under

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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 +15.0/15.0
• Cash flow +9.4/30.0
• Livability +3.6/5.0
• 1% rule +3.4/10.0
• DSCR +2.6/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Don’t miss this opportunity in the growing Taylor area! This home features a nice-sized backyard with plenty of space to relax, entertain, or create your own outdoor retreat. With no HOA, you’ll enjoy added flexibility. Conveniently located near downtown Taylor, local restaurants and shopping, Hospital, and major roadways for an easy commute to Hutto, Pflugerville, and Round Rock. Minutes from Samsung. Whether you're a first-time buyer, investor, or looking to make a home your own, this property offers great potential. Sold as-is. Come take a look and imagine the possibilities!

Key facts

• Minutes from samsung
• Nice-sized backyard
• No hoa

Tags

• NICE-SIZED BACKYARD
• NO HOA
• MINUTES FROM SAMSUNG

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $219k.

Deal economics

• At list price, monthly cash flow is $-157 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $191k (12.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $184k (15.9% below list).
• Recommended offer: $184k (15.9% below list) — sets the bar for 1% rule.
• Cap rate 5.4% vs local median 4.3% in Taylor — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 71/100 on livability (#312 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, amenities F, commute F.
• Taylor ISD (town): math 20% / reading 27% proficiency, ranked #726 of 826 in TX (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Naomi Pasemann El (math 12% / reading 22%, grade F, #3,836 of 4,322 statewide, top 91%, 649 students, 68% FRL); Taylor Middle (math 16% / reading 25%, grade F, #1,407 of 1,662 statewide, top 86%, 651 students, 69% FRL); Taylor H S (math 17% / reading 27%, grade F, #1,366 of 1,632 statewide, top 84%, 907 students, 61% FRL).
• Market conditions: Rents flat; 319 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 7,543 units permitted in Williamson County in 2024 (1,425 in 5+ unit buildings).

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.
• Williamson County population projected at +69% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 107 days — a 9% lower offer ($199k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 30y ago; this cycle's ask has dropped $31k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $184,085 (15.9% 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. It's been on market 107 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
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. 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?
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: 0.84% ✗
• Cap rate: 5.44%
• Cash-on-cash: -3.06%
• DSCR: 0.86
• GRM: 9.9

CMA / ARV

• ARV (median comp): $303,667
• List price: $219,000
• Delta: -27.88%
• 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
2000 Holly Springs Dr	0.18mi	3/2.0	1,327 (-3%)	10mo	$235,000	$177	78
605 Drake Ln	0.12mi	3/2.0	1,521 (+11%)	9mo	$309,000	$203	69
306 Drake Ln	0.17mi	3/2.0	1,508 (+10%)	11mo	$270,000	$179	66
709 Drake Ln	0.19mi	3/2.0	1,166 (-15%)	2mo	$129,000	$111	65
907 Fisher St	0.54mi	3/2.0	1,416 (+3%)	6mo	$145,000	$102	64
207 Old Thorndale Rd	0.74mi	3/2.0	1,362 (-1%)	9mo	$339,900	$250	56
1402 Kent St	0.74mi	3/1.0	1,335 (-3%)	1mo	$232,500	$174	56
4006 Kings Canyon Dr	0.69mi	3/2.0	1,471 (+7%)	0mo	$289,999	$197	55
805 Randall St	0.33mi	4/2.0 (+1)	1,525 (+11%)	7mo	$299,000	$196	55
607 Big Bend Trl	0.70mi	3/2.0	1,329 (-3%)	11mo	$250,000	$188	53
204 Oscar St	0.66mi	2/1.5 (-1)	1,324 (-4%)	6mo	$125,000	$94	52
1120 Fisher St	0.66mi	2/1.0 (-1)	1,188 (-13%)	10mo	$210,000	$177	30

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 · 0.43% rent growth · sell at horizon

5-year hold

• IRR: -24.5%
• Equity multiple: 0.18×
• Total profit: $-50,012
• Equity at exit: $32,654

10-year hold

• IRR: -30.6%
• Equity multiple: -0.21×
• Total profit: $-74,121
• Equity at exit: $18,935

Cash invested: $61,320 (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 76574

• Home prices YoY: -32.3%
• Rents YoY: 0.4%
• Active inventory: 319
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,841 high
• Mortgage (P&I): −$1,148
• Tax from tax record: −$371 /mo · $4,453/yr
• Insurance: −$91
• HOA: −$0
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $-157

Break-even live

Break-even rent $2,039

Max offer price $191,345

Occupancy floor —

Sensitivity live

Price	-10% $-33	-5% $-95	+0% $-157	+5% $-219	+10% $-281
Rent	-10% $-302	-5% $-229	+0% $-157	+5% $-84	+10% $-11
Rate	-1.0pp $-46	-0.5pp $-101	base $-157	+0.5pp $-213	+1.0pp $-271

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: $54,750
• Closing costs: $6,570
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
210 W Lake Dr Taylor, TX	2.0	1.5	1057	$1,450	$1.37	45d	1	0.30mi
2805 Davis St Unit A Taylor, TX	2.0	1.0	996	$1,500	$1.51	3d	1	0.41mi
1006 Cottonbowl Dr Taylor, TX	4.0	2.0	1615	$2,300	$1.42	45d	1	0.57mi
806 W 8th St Taylor, TX	3.0	1.0	892	$1,600	$1.79	45d	1	0.80mi
600 Kimbro St Taylor, TX	3.0	2.5	1480	$2,150	$1.45	0d	1	0.97mi
415 N Doak St Taylor, TX	2.0	1.0	880	$1,375	$1.56	0d	1	1.05mi
606 W 4th St Taylor, TX	2.0	1.0	946	$1,295	$1.37	45d	1	1.08mi
604 W 4th St Taylor, TX	2.0	1.0	946	$1,295	$1.37	45d	1	1.08mi
610 Vernon St Unit Labs Taylor, TX	2.0	1.0	960	$1,550	$1.61	19d	1	1.09mi
401 Shaw St Taylor, TX	2.0	1.0	1168	$1,650	$1.41	19d	1	1.09mi
124 Marcel Ct Taylor, TX	3.0	2.0	1557	$1,795	$1.15	45d	1	1.11mi
3004 Don Hill Ln Taylor, TX	3.0	2.0	1184	$2,800	$2.36	12d	1	1.12mi
2109 Brewers Pl Taylor, TX	3.0	2.0	1296	$1,950	$1.50	45d	1	1.13mi
1117 W 4th St Taylor, TX	3.0	2.0	1334	$1,400	$1.05	19d	1	1.18mi
719 W 3rd St Taylor, TX	2.0	1.0	966	$1,595	$1.65	0d	1	1.18mi
109 N Main St Unit A Taylor, TX	2.0	1.0	1495	$1,750	$1.17	3d	1	1.30mi
108 Hartson Dr Taylor, TX	3.0	2.5	1806	$1,850	$1.02	0d	1	1.40mi
120 Hartson Dr Taylor, TX	3.0	2.5	1806	$1,925	$1.07	6d	1	1.42mi
350 Debus Dr Unit 121A Taylor, TX	3.0	2.0	1008	$1,795	$1.78	45d	1	1.43mi
350 Debus Dr Unit 204A Taylor, TX	2.0	2.0	952	$1,575	$1.65	23d	1	1.43mi
108 Pivot Dr Taylor, TX	3.0	2.0	1605	$1,800	$1.12	23d	1	1.44mi
140 Hartson Dr Taylor, TX	3.0	3.0	1780	$2,100	$1.18	45d	1	1.45mi
120 Onna St Taylor, TX	3.0	2.0	1734	$2,150	$1.24	5d	1	1.47mi
230 Debus Dr Unit 100B Taylor, TX	3.0	2.0	1008	$1,723	$1.71	23d	1	1.48mi
230 Debus Dr Taylor, TX	2.0	2.0	882	$1,350	$1.53	9d	1	1.48mi

Listing history 28 events

1. 2026-06-21
   days on market $219,000 Active 107 DOM
2. 2026-06-18
   days on market $219,000 Active 104 DOM
3. 2026-06-17
   days on market $219,000 Active 103 DOM
4. 2026-06-16
   days on market $219,000 Active 102 DOM
5. 2026-06-15
   days on market $219,000 Active 101 DOM
6. 2026-06-13
   days on market $219,000 Active 99 DOM
7. 2026-06-09
   days on market $219,000 Active 95 DOM
8. 2026-06-08
   days on market $219,000 Active 94 DOM
9. 2026-06-07
   days on market $219,000 Active 93 DOM
10. 2026-06-05
    days on market $219,000 Active 90 DOM
11. 2026-06-03
    days on market $219,000 Active 89 DOM
12. 2026-06-02
    days on market $219,000 Active 88 DOM
13. 2026-06-01
    days on market $219,000 Active 87 DOM
14. 2026-05-31
    days on market $219,000 Active 86 DOM
15. 2026-05-20
    price $219,000 596-char remark

    Show marketing remark (596 chars)

    Don’t miss this opportunity in the growing Taylor area! This home features a nice-sized backyard with plenty of space to relax, entertain, or create your own outdoor retreat. With no HOA, you’ll enjoy added flexibility. Conveniently located near downtown Taylor, local restaurants and shopping, Hospital, and major roadways for an easy commute to Hutto, Pflugerville, and Round Rock. Minutes from Samsung. Whether you're a first-time buyer, investor, or looking to make a home your own, this property offers great potential. Sold as-is. Come take a look and imagine the possibilities!

16. 2026-04-27
    price $239,999 596-char remark

    Show marketing remark (596 chars)

    Don’t miss this opportunity in the growing Taylor area! This home features a nice-sized backyard with plenty of space to relax, entertain, or create your own outdoor retreat. With no HOA, you’ll enjoy added flexibility. Conveniently located near downtown Taylor, local restaurants and shopping, Hospital, and major roadways for an easy commute to Hutto, Pflugerville, and Round Rock. Minutes from Samsung. Whether you're a first-time buyer, investor, or looking to make a home your own, this property offers great potential. Sold as-is. Come take a look and imagine the possibilities!

17. 2026-03-30
    status Active 596-char remark

    Show marketing remark (596 chars)

    Don’t miss this opportunity in the growing Taylor area! This home features a nice-sized backyard with plenty of space to relax, entertain, or create your own outdoor retreat. With no HOA, you’ll enjoy added flexibility. Conveniently located near downtown Taylor, local restaurants and shopping, Hospital, and major roadways for an easy commute to Hutto, Pflugerville, and Round Rock. Minutes from Samsung. Whether you're a first-time buyer, investor, or looking to make a home your own, this property offers great potential. Sold as-is. Come take a look and imagine the possibilities!

18. 2026-03-25
    historical Active Under Contract 596-char remark

    Show marketing remark (596 chars)

    Don’t miss this opportunity in the growing Taylor area! This home features a nice-sized backyard with plenty of space to relax, entertain, or create your own outdoor retreat. With no HOA, you’ll enjoy added flexibility. Conveniently located near downtown Taylor, local restaurants and shopping, Hospital, and major roadways for an easy commute to Hutto, Pflugerville, and Round Rock. Minutes from Samsung. Whether you're a first-time buyer, investor, or looking to make a home your own, this property offers great potential. Sold as-is. Come take a look and imagine the possibilities!

19. 2026-03-06
    listed $249,999 Active 596-char remark

    Show marketing remark (596 chars)

    Don’t miss this opportunity in the growing Taylor area! This home features a nice-sized backyard with plenty of space to relax, entertain, or create your own outdoor retreat. With no HOA, you’ll enjoy added flexibility. Conveniently located near downtown Taylor, local restaurants and shopping, Hospital, and major roadways for an easy commute to Hutto, Pflugerville, and Round Rock. Minutes from Samsung. Whether you're a first-time buyer, investor, or looking to make a home your own, this property offers great potential. Sold as-is. Come take a look and imagine the possibilities!

20. 2024-02-05
    historical $1,695
21. 2024-01-27
    price $1,695
22. 2023-12-21
    price $1,795
23. 2023-11-15
    price $1,785
24. 2023-10-16
    listed $1,985
25. 1996-09-30
    soldstatus 21-char remark

    Show marketing remark (21 chars)

    Restrictions: Unknown

26. 1996-08-12
    listed $79,900 21-char remark

    Show marketing remark (21 chars)

    Restrictions: Unknown

27. 1996-08-12
    historical 21-char remark

    Show marketing remark (21 chars)

    Restrictions: Unknown

28. 1988-07-29
    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: $4,453 · $371/mo
• Projected year-2 tax: $4,453 · $371/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 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,090
• − Mortgage interest: −$12,267
• − Property taxes: −$4,453
• − Insurance: −$1,095
• − Repairs & maintenance: −$1,767
• − Management: −$1,767
• − Depreciation: −$6,371
• Taxable loss: −$5,631
• Est. tax savings @ 24.0%: +$1,351
• After-tax cash flow: $-527/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: Taylor ISD
• NCES district ID: 4842280
• Math proficiency: 20% ▼ -15.00%
• Reading proficiency: 27% ▼ -11.00%
• Median HH income: $45,330
• Composite: 20.35/100
• National rank: #8606
• State rank: #726 of 826 in TX

Livability — Taylor

• Score: 71/100
• State rank: #312
• US rank: #7013

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Taylor, TX
• County: Williamson County · 680,029 people
• City population: 20,242
• Metro: Austin-Round Rock-Georgetown, TX
• Population (ZIP): 20,242
• Household income: $78,568
• Rent vs Own: 23.4% rent · 76.6% own
• Severe rent burden: 371.0

Population outlook (Williamson County) Hauer SSP2

• Today (2025): 699,027 people
• By 2030: 795,537 · +13.8%
• By 2040: 990,683 · +41.7%
• By 2050: 1,184,292 · +69.4%
• By 2075: 1,623,825 · +132.3%
• By 2100: 1,924,153 · +175.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 50% Hispanic / Latino 42% Two or more races 22% Black 5%
• Hispanic origin (detail): Mexican 37%
• Common ancestry: Romanian 2% Italian 1% Lithuanian 1%
• Foreign-born: 8% · Canada
• Languages at home: 74% English-only · Spanish 23% Russian/Polish/Slavic 1%

Political lean MEDSL · Williamson

• 2024 margin: Toss-up / Even · D 48.0% · R 50.4% · Other 1.6%
• 2008→2024 swing: +10.6pp toward D · 2008: -13.0pp · 2024: -2.5pp
• All cycles: 2024: R+2.5 2020: D+1.4 2016: R+9.9 2012: R+21.5 2008: R+13.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -108.71%
• Current HPI: 227.58
• Rent YoY: ▲ 0.43%
• 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

+174.1% since first listed

14 events — show timeline

• 2026-05-20 Price Changed $219,000 Unlock MLS
• 2026-04-27 Price Changed $239,999 Unlock MLS
• 2026-03-30 Relisted — Unlock MLS
• 2026-03-25 Contingent — Unlock MLS
• 2026-03-06 Listed $249,999 Unlock MLS
• 2024-02-05 Rental Removed $1,695 ACTRIS
• 2024-01-27 Price Changed $1,695 ACTRIS
• 2023-12-21 Price Changed $1,795 ACTRIS
• 2023-11-15 Price Changed $1,785 ACTRIS
• 2023-10-16 Listed for Rent $1,985 ACTRIS
• 1996-09-30 Sold (MLS) — Unlock MLS
• 1996-08-12 Delisted — Unlock MLS
• 1996-08-12 Listed $79,900 Unlock MLS
• 1988-07-29 Sold (Public Records) — Public Records

Property tax history

+2.7%/yr

Latest (2026): $4,453 · -16.1% YoY. Source: county tax records.