225 Trinity River Holw · San Marcos, TX 78666

$187,999

4 bd · 2.0 ba · 1,500 sqft · SingleFamily · 113 Days on market

Built 2026 Excellent condition 5,227 sqft lot $125/sqft · 8% below area Est $205k · 8% under $65/mo HOA · 3% of rent ↓ 8% 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).

• Cash flow +19.3/30.0
• ARV discount +11.2/15.0
• DSCR +6.1/10.0
• 1% rule +5.6/10.0
• Condition / age +5.0/5.0
• Livability +4.0/5.0
• Rent growth +3.0/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks

The Timms - This new single-level home features a modern and low-maintenance design. Three bedrooms can be found off the foyer, leading to an open-concept floorplan that combines the kitchen, living and dining areas. The luxe owner’s suite is tucked into a private rear corner, complete with an en-suite bathroom and walk-in closet. Photos are for illustrative purposes only. Estimated Completion July 2026. The completion date, prices and features may vary and are subject to change. Please verify with Lennar directly.

Key facts

• 5,227 sq ft lot
• Parking
• Built 2026

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $188k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $206 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $188k).
• Recommended offer: $171k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 2.8% in San Marcos — 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 81/100 on livability (#30 in TX, #1,601 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, health & safety A+; Watch: crime D+, employment F.
• San Marcos CISD (rural): math 18% / reading 31% proficiency, ranked #731 of 826 in TX (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Dezavala El (math 13% / reading 25%, grade F, #3,739 of 4,322 statewide, top 87%, 575 students, 87% FRL); Goodnight Middle (math 9% / reading 24%, grade F, #1,536 of 1,662 statewide, top 93%, 866 students, 85% FRL); San Marcos H S (math 26% / reading 31%, grade F, #1,157 of 1,632 statewide, top 72%, 2,536 students, 76% FRL) — zoned schools average 83% FRL vs 63% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+2.0%/yr); 1421 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 73d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 5,270 units permitted in Hays County in 2024 (1,464 in 5+ unit buildings).
• This rent runs 44% of the median local income ($55k/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 $6k of value loss. Plan a longer hold.
• Hays County population projected at +93% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 113 days — a 9% lower offer ($171k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $171,079 (9.0% below list)

Questions for the listing agent

1. It's been on market 113 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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 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?
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: 1.06% ✓
• Cap rate: 7.61%
• Cash-on-cash: 4.70%
• DSCR: 1.21
• GRM: 7.9

CMA / ARV

• ARV (median comp): $204,994
• List price: $187,999
• Delta: 1.95%
• 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
245 Trinity River Holw	0.03mi	4/2.0	1,500 (0%)	1mo	$209,999	$140	97
220 Navidad River Dr	0.03mi	4/2.0	1,500 (0%)	2mo	$186,999	$125	97
204 Navidad River Dr	0.04mi	4/2.0	1,500 (0%)	2mo	$211,999	$141	96
120 Trinity River Holw	0.10mi	3/2.0 (-1)	1,484 (-1%)	2mo	$220,999	$149	87
221 Trinity River Holw	0.01mi	3/2.0 (-1)	1,380 (-8%)	1mo	$201,999	$146	81
209 Trinity River Holw	0.03mi	3/2.0 (-1)	1,380 (-8%)	0mo	$200,999	$146	80
237 Trinity River Holw	0.02mi	3/2.0 (-1)	1,380 (-8%)	1mo	$201,999	$146	80
208 Navidad River Dr	0.04mi	3/2.0 (-1)	1,380 (-8%)	1mo	$180,999	$131	79
249 Trinity River Holw	0.04mi	3/2.0 (-1)	1,380 (-8%)	2mo	$196,999	$143	78
140 Trinity River Holw	0.06mi	4/2.0	1,667 (+11%)	1mo	$243,999	$146	78
124 Trinity River Holw	0.09mi	4/2.0	1,667 (+11%)	1mo	$226,999	$136	76
108 Trinity River Holw	0.13mi	4/2.0	1,676 (+12%)	1mo	$251,999	$150	74

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 · 1.98% rent growth · sell at horizon

5-year hold

• IRR: -10.1%
• Equity multiple: 0.63×
• Total profit: $-19,274
• Equity at exit: $28,031

10-year hold

• IRR: -2.3%
• Equity multiple: 0.85×
• Total profit: $-7,699
• Equity at exit: $16,255

Cash invested: $52,640 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 40 active · 36 under contract
• Months of supply: 6.3 mo (16%/mo absorbed)
• Median asking: $222,499 ($139/sqft)
• Median days on market: 56 d
• This list price: 10% of active listings are priced below it
• ARV vs active asking: -1.4% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 78666

• Rents YoY: 2.0%
• Active inventory: 1421
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,988 medium
• Mortgage (P&I): −$986
• Tax est. 1.5%: −$235 /mo · $2,820/yr
• Insurance: −$78
• HOA: −$65
• Vacancy / Maint / Mgmt: −$417
• Net cashflow: $206

Break-even live

Break-even rent $1,727

Max offer price $187,999

Occupancy floor 85%

Sensitivity live

Price	-10% $336	-5% $271	+0% $206	+5% $141	+10% $76
Rent	-10% $49	-5% $128	+0% $206	+5% $285	+10% $363
Rate	-1.0pp $301	-0.5pp $254	base $206	+0.5pp $158	+1.0pp $108

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: $47,000
• Closing costs: $5,640
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
308 Navidad River Dr San Marcos, TX	4.0	2.0	1500	$1,800	$1.20	73d	1	0.03mi
213 Navidad River Dr San Marcos, TX	4.0	2.0	2162	$2,100	$0.97	35d	1	0.07mi
426 Spring River Dr Martindale, TX	3.0	2.0	1266	$2,250	$1.78	73d	1	1.03mi

Property features AI

Finance

• HOA & community: Homeowners association: River Bridge RanchHOA fee: $65 monthly

Exterior

• Parking: Driveway
• Utilities: Electricity availablePublic waterPublic sewer
• Home design: Single-story homeNew constructionFaces southeastBuilder: Lennar
• Construction: HardiPlank-type sidingComposition roofSlab foundationBuilt by builder (new construction)
• Exterior features: Private yardFront porchPrivacy fencingInterior, level lot

Interior

• Kitchen: DishwasherRange
• Bedrooms: 4 main-level bedrooms
• Flooring: CarpetLaminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heatingCentral air conditioning
• Interior features: Entrance foyerOpen floorplanWalk-in closet(s)Window features — see remarksAccessibility features — see remarks
• Laundry & utility: Indoor laundry room

Listing history 50 events

1. 2026-08-08
   pricedays on market $187,999 Active 113 DOM
2. 2026-08-06
   days on market $208,999 Active 111 DOM
3. 2026-08-05
   days on market $208,999 Active 110 DOM
4. 2026-08-04
   days on market $208,999 Active 109 DOM
5. 2026-08-03
   days on market $208,999 Active 108 DOM
6. 2026-07-31
   days on market $208,999 Active 105 DOM
7. 2026-07-30
   days on market $208,999 Active 103 DOM
8. 2026-07-28
   days on market $208,999 Active 102 DOM
9. 2026-07-26
   days on market $208,999 Active 100 DOM
10. 2026-07-24
    days on market $208,999 Active 98 DOM
11. 2026-07-23
    days on market $208,999 Active 97 DOM
12. 2026-07-22
    days on market $208,999 Active 96 DOM
13. 2026-07-21
    days on market $208,999 Active 95 DOM
14. 2026-07-20
    days on market $208,999 Active 94 DOM
15. 2026-07-18
    days on market $208,999 Active 92 DOM
16. 2026-07-18
    days on market $208,999 Active 91 DOM
17. 2026-07-16
    days on market $208,999 Active 90 DOM
18. 2026-07-15
    days on market $208,999 Active 89 DOM
19. 2026-07-14
    days on market $208,999 Active 88 DOM
20. 2026-07-13
    days on market $208,999 Active 87 DOM
21. 2026-07-13
    days on market $208,999 Active 86 DOM
22. 2026-07-11
    days on market $208,999 Active 85 DOM
23. 2026-07-10
    days on market $208,999 Active 84 DOM
24. 2026-07-09
    days on market $208,999 Active 83 DOM
25. 2026-07-07
    days on market $208,999 Active 81 DOM
26. 2026-07-06
    days on market $208,999 Active 80 DOM
27. 2026-07-05
    days on market $208,999 Active 79 DOM
28. 2026-07-03
    days on market $208,999 Active 77 DOM
29. 2026-07-02
    days on market $208,999 Active 76 DOM
30. 2026-07-01
    days on market $208,999 Active 75 DOM
31. 2026-06-30
    days on market $208,999 Active 74 DOM
32. 2026-06-29
    days on market $208,999 Active 73 DOM
33. 2026-06-28
    days on market $208,999 Active 72 DOM
34. 2026-06-27
    days on market $208,999 Active 71 DOM
35. 2026-06-26
    days on market $208,999 Active 70 DOM
36. 2026-06-24
    days on market $208,999 Active 68 DOM
37. 2026-06-22
    days on market $208,999 Active 66 DOM
38. 2026-06-21
    days on market $208,999 Active 65 DOM
39. 2026-06-18
    days on market $208,999 Active 62 DOM
40. 2026-06-17
    days on market $208,999 Active 61 DOM
41. 2026-06-16
    days on market $208,999 Active 60 DOM
42. 2026-06-15
    days on market $208,999 Active 59 DOM
43. 2026-06-13
    days on market $208,999 Active 57 DOM
44. 2026-06-09
    days on market $208,999 Active 53 DOM
45. 2026-06-08
    days on market $208,999 Active 52 DOM
46. 2026-06-07
    days on market $208,999 Active 51 DOM
47. 2026-06-05
    days on market $208,999 Active 48 DOM
48. 2026-06-03
    days on market $208,999 Active 47 DOM
49. 2026-06-02
    days on market $208,999 Active 46 DOM
50. 2026-06-01
    days on market $208,999 Active 45 DOM

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 6 d/yr ≥108°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $23,856
• − Mortgage interest: −$10,531
• − Property taxes: −$2,820
• − Insurance: −$940
• − Repairs & maintenance: −$1,908
• − Management: −$1,908
• − HOA: −$780
• − Depreciation: −$5,469
• Taxable loss: −$501
• Est. tax savings @ 24.0%: +$120
• After-tax cash flow: $2,596/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 · 6 photos

Excellent 100/100 None rehab

This modern single-level home is move-in ready with excellent condition and no visible repairs needed. It offers a great opportunity for investors looking to capitalize on its current market value and potential for further improvements.

Value-add opportunities

• Both Painting the exterior — Fresh paint can enhance curb appeal and the home's overall appearance. ↑
• Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract more potential buyers or renters. ↑
• Resale Kitchen appliances — Upgrading to high-end appliances can increase the home's appeal to potential buyers. ↑
• Resale Bathroom fixtures — Upgrading to modern fixtures can enhance the home's appeal to potential buyers. ↑
• Rental HVAC system maintenance — A well-maintained HVAC system can attract more renters and ensure a comfortable living environment. ↑

F Composite school gradezoned avg 21/100

Zoned Schools

Elementary Dezavala El F TX #3,739/4,322 Nat'l #34,564/41,679 Middle Goodnight Middle F TX #1,536/1,662 Nat'l #12,406/14,009 High San Marcos H S F TX #1,157/1,632 Nat'l #11,681/17,239

Schools (NCES district)

• District: San Marcos CISD
• NCES district ID: 4838970
• Math proficiency: 18% ▼ -16.00%
• Reading proficiency: 31% ▼ -8.00%
• Median HH income: $34,538
• Composite: 20.11/100
• National rank: #8644
• State rank: #731 of 826 in TX

A Composite livability gradescore 81/100

Livability — San Marcos

• Score: 81/100
• State rank: #30
• US rank: #1601

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Marcos, TX
• County: Hays County · 286,948 people
• City population: 88,583
• Metro: Austin-Round Rock-Georgetown, TX
• Population (ZIP): 88,583
• Household income: $54,737
• Rent vs Own: 61.9% rent · 38.1% own
• Severe rent burden: 15% of renters

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Population outlook (Hays County) Hauer SSP2

• Today (2025): 286,948 people
• By 2030: 336,923 · +17.4%
• By 2040: 441,894 · +54.0%
• By 2050: 553,462 · +92.9%
• By 2075: 838,261 · +192.1%
• By 2100: 1,063,658 · +270.7%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 45% Hispanic / Latino 44% Two or more races 20% Black 5% Asian 2%
• Hispanic origin (detail): Mexican 37%
• Common ancestry: Slovak 2% Lithuanian 2% Italian 1%
• Foreign-born: 8% · Canada
• Languages at home: 73% English-only · Spanish 24% Other Indo-European 1%

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Political lean MEDSL · Hays

• 2024 margin: Lean D (+5.7) · D 52.1% · R 46.5% · Other 1.4%
• 2008→2024 swing: +7.7pp toward D · 2008: -2.0pp · 2024: 5.7pp
• All cycles: 2024: D+5.7 2020: D+10.8 2016: R+0.9 2012: R+10.4 2008: R+2.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -108.27%
• Current HPI: 187.6679
• Rent YoY: ▲ 1.98%
• Metro: Austin-Round Rock-Georgetown, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

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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

Property features AI

Finance

• HOA & community: Homeowners association: River Bridge RanchHOA fee: $65 monthly

Exterior

• Parking: Driveway
• Utilities: Electricity availablePublic waterPublic sewer
• Home design: Single-story homeNew constructionFaces southeastBuilder: Lennar
• Construction: HardiPlank-type sidingComposition roofSlab foundationBuilt by builder (new construction)
• Exterior features: Private yardFront porchPrivacy fencingInterior, level lot

Interior

• Kitchen: DishwasherRange
• Bedrooms: 4 main-level bedrooms
• Flooring: CarpetLaminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heatingCentral air conditioning
• Interior features: Entrance foyerOpen floorplanWalk-in closet(s)Window features — see remarksAccessibility features — see remarks
• Laundry & utility: Indoor laundry room

Price history

-7.5% since first listed

5 events — show timeline

• 2026-05-12 Price Changed $208,999 Unlock MLS
• 2026-05-08 Price Changed $211,999 Unlock MLS
• 2026-05-06 Price Changed $212,999 Unlock MLS
• 2026-04-20 Price Changed $220,999 Unlock MLS
• 2026-04-17 Listed $225,990 Unlock MLS