202 W Bobwhite Ln · Harker Heights, TX 76548

$75,000

2 bd · 1.0 ba · 1,108 sqft · SingleFamily public records · 3 Days on market

Built 1976 0.51 ac lot

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Schools +3.0/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity awaits at 202 W Bobwhite Ln in Harker Heights! This 2-bedroom, 1-bath home offers approximately 1,108 sqft of living space and is ready for its next owner to add personal touches and make it shine. Featuring a functional layout and comfortable living areas, this property presents an excellent opportunity for first-time buyers, investors, or anyone looking to build equity through light cosmetic improvements. The home would benefit from new doors, interior cleaning, and fresh paint, providing a great canvas for customization. Conveniently located near shopping, dining, schools, parks, and major roadways, this property combines affordability, potential, and a desirable location. Do

Key facts

• 0.51 acre lot
• Garage
• Built 1976

Property features AI

Exterior

• Parking: 1-car garage; Garage faces rear
• Utilities: Public water; Public sewer
• Home design: Single-story home; Resale property
• Construction: Brick veneer exterior; Composition/shingle roof; Pillar/post/pier foundation; Year built per assessor
• Exterior features: Located outside city limits; Half to one acre lot

Interior

• Kitchen: Eat-in kitchen; Pantry
• Bedrooms: Bedroom 2 (Main level, 10x10); Additional bedroom (Main level, 11x11)
• Flooring: Carpet; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fan(s); Eat-in kitchen; Pantry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $382 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Cap rate 12.4% vs local median 3.8% in Harker Heights — 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 79/100 on livability (#61 in TX, #2,271 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• 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 flat; 267 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 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 $519 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 0.9% rent growth), your $21k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 3.6% of price.
• Climate carrying-cost: major wind risk, 62% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $75,000

Questions for the listing agent

1. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.74% ✓
• Cap rate: 12.41%
• Cash-on-cash: 21.86%
• DSCR: 1.97
• GRM: 4.8

CMA / ARV

• ARV (on-the-fly): $150,688
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
211 W Robin Ln	0.18mi	3/2.0 (+1)	1,116 (+1%)	5mo	$177,000	$159	77
115 E Stacie Rd	0.44mi	2/1.0	1,152 (+4%)	7mo	$58,000	$50	67
201 Clore Rd	0.47mi	3/2.0 (+1)	1,104 (-0%)	10mo	$149,999	$136	60
122 W Stacie Rd	0.24mi	3/1.0 (+1)	975 (-12%)	21mo	$118,000	$121	46

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 · 0.93% rent growth · sell at horizon

5-year hold

• IRR: 11.9%
• Equity multiple: 1.46×
• Total profit: $9,639
• Equity at exit: $11,183

10-year hold

• IRR: 18.9%
• Equity multiple: 2.41×
• Total profit: $29,668
• Equity at exit: $6,485

Cash invested: $21,000 (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 76548

• Home prices YoY: -25.2%
• Rents YoY: 0.9%
• Active inventory: 267
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,307 high
• Mortgage (P&I): −$393
• Tax from tax record: −$226 /mo · $2,709/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $382

Break-even live

Break-even rent $823

Max offer price $75,000

Occupancy floor 66%

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
806 White Meadow Ln Unit B Harker Heights, TX	3.0	2.0	1390	$1,450	$1.04	44d	1	0.11mi
206 W Mockingbird Ln Unit D Harker Heights, TX	2.0	1.0	958	$795	$0.83	23d	1	0.22mi
1102 S Ann Blvd Harker Heights, TX	3.0	1.5	1139	$1,350	$1.19	44d	1	0.24mi
502 S Mary Jo Dr Harker Heights, TX	3.0	2.0	1100	$1,900	$1.73	44d	1	0.26mi
505 Bonnie Dr Unit B Harker Heights, TX	3.0	2.0	1373	$1,300	$0.95	44d	1	0.26mi
105 E Cardinal Ln Harker Heights, TX	2.0	1.0	700	$695	$0.99	44d	1	0.30mi
700 S Amy Ln Unit 104 Harker Heights, TX	2.0	1.0	848	$824	$0.97	44d	1	0.45mi
700 S Amy Ln Unit 103 Harker Heights, TX	2.0	1.0	848	$764	$0.90	44d	1	0.45mi
106 W Kathey Rd Unit B Harker Heights, TX	3.0	2.0	1336	$1,395	$1.04	23d	1	0.46mi
705 S Amy Ln Unit B Harker Heights, TX	2.0	1.5	1000	$950	$0.95	44d	1	0.49mi
203 Dale Earnhardt Dr Unit A Harker Heights, TX	3.0	2.0	1161	$1,199	$1.03	44d	1	0.51mi
409 S Amy Ln Unit C Harker Heights, TX	3.0	2.0	1178	$900	$0.76	23d	1	0.51mi
406 Brittney Way Unit D Harker Heights, TX	3.0	2.0	1154	$950	$0.82	44d	1	0.54mi
409 Brittney Way Harker Heights, TX	3.0	2.0	1154	$895	$0.78	23d	1	0.56mi
209 Elbert Ln Unit A Harker Heights, TX	2.0	2.0	1035	$1,395	$1.35	14d	1	0.57mi
219 E Beeline Ln Unit A Harker Heights, TX	2.0	1.0	840	$1,050	$1.25	44d	1	0.57mi
214 Dale Earnhardt Dr Unit A Harker Heights, TX	3.0	2.0	1161	$1,300	$1.12	23d	1	0.62mi
200 Randy Blvd Unit B Harker Heights, TX	2.0	1.0	954	$900	$0.94	44d	1	0.63mi
221 Dale Earnhardt Dr Unit A Harker Heights, TX	3.0	2.0	1125	$1,300	$1.16	14d	1	0.65mi
230 N Mary Jo Dr Apt A Harker Heights, TX	3.0	2.5	1329	$1,550	$1.17	44d	1	0.65mi
220 Dale Earnhardt Dr Unit B Harker Heights, TX	3.0	2.0	1204	$1,147	$0.95	23d	1	0.66mi
220 Dale Earnhardt Dr Harker Heights, TX	3.0	2.0	1204	$1,147	$0.95	14d	1	0.66mi
104 W Farm to Market 2410 Rd Unit C Harker Heights, TX	2.0	1.5	1008	$795	$0.79	44d	1	0.76mi
302 Jeff Gordon Dr Unit A Harker Heights, TX	3.0	2.0	1158	$1,195	$1.03	14d	1	0.77mi
915 Rebecca Ln Harker Heights, TX	3.0	2.0	1268	$1,275	$1.01	14d	1	0.86mi
316 Jeff Gordon Dr Unit A Harker Heights, TX	3.0	2.0	1158	$1,495	$1.29	23d	1	0.87mi
316 Jeff Gordon Dr Unit B Harker Heights, TX	3.0	2.0	1158	$1,395	$1.20	44d	1	0.87mi
521 E Veterans Memorial Blvd #66 Harker Heights, TX	3.0	2.0	1216	$1,200	$0.99	44d	1	1.06mi
5401 Rose Garden Loop Unit A Killeen, TX	3.0	2.0	1279	$1,550	$1.21	23d	1	1.19mi
5403 Rose Garden Loop Unit A Killeen, TX	3.0	2.0	1328	$1,550	$1.17	44d	1	1.20mi
201 Lookout Ridge Blvd Apt 120 Harker Heights, TX	2.0	2.0	900	$1,145	$1.27	44d	1	1.26mi
201 Lookout Ridge Blvd Apt 320 Harker Heights, TX	2.0	2.0	900	$1,045	$1.16	44d	1	1.27mi
5415 Rose Garden Loop Unit B Killeen, TX	3.0	2.0	1325	$1,600	$1.21	44d	1	1.27mi
201 Lookout Ridge Blvd Apt 321 Harker Heights, TX	2.0	2.0	900	$1,095	$1.22	44d	1	1.28mi
201 Lookout Ridge Blvd Unit 224 Harker Heights, TX	2.0	2.0	900	$1,095	$1.22	23d	1	1.28mi
201 Lookout Ridge Blvd Apt 223 Harker Heights, TX	2.0	2.0	900	$1,170	$1.30	44d	1	1.28mi
5116 Rose Garden Loop Unit 1 Killeen, TX	3.0	2.0	1279	$1,650	$1.29	44d	1	1.29mi
5116 Rose Garden Loop Killeen, TX	3.0	2.0	1279	$1,675	$1.31	44d	1	1.29mi
5112 Rose Garden Loop Killeen, TX	3.0	2.0	1245	$1,750	$1.41	44d	1	1.30mi
5110 Rose Garden Loop Killeen, TX	3.0	2.0	1245	$1,750	$1.41	44d	1	1.31mi

Listing history 4 events

1. 2026-06-16
   statusdays on market $75,000 Pending 3 DOM
2. 2026-06-15
   days on market $75,000 Active 2 DOM
3. 2026-06-14
   remarks 699-char remark
4. 2026-06-14
   listed $75,000 Active 1 DOM

ⓘ 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: $2,709 · $226/mo
• Projected year-2 tax: $2,709 · $226/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 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 62% 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: $15,688
• − Mortgage interest: −$4,201
• − Property taxes: −$2,709
• − Insurance: −$375
• − Repairs & maintenance: −$1,255
• − Management: −$1,255
• − Depreciation: −$2,182
• Taxable income: $3,711
• Est. tax owed @ 24.0%: −$891
• After-tax cash flow: $3,699/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 — Harker Heights

• Score: 79/100
• State rank: #61
• US rank: #2271

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Harker Heights, TX
• County: Bell County · 345,090 people
• City population: 33,729
• Metro: Killeen-Temple, TX
• Population (ZIP): 33,729
• Household income: $80,520
• Rent vs Own: 38.6% rent · 61.4% own
• Severe rent burden: 672.0

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 0.72)
• Race & ethnicity: White 40% Black 27% Hispanic / Latino 22% Two or more races 13% Asian 3% Pacific Islander 2% Native American 1%
• Hispanic origin (detail): Mexican 14% Puerto Rican 3%
• Common ancestry: Iranian 3% Lithuanian 2% Italian 2%
• Foreign-born: 10% · Canada, Vietnam, South Korea
• Languages at home: 83% English-only · Spanish 9% French/Haitian/Cajun 2% 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: ▼ -52.76%
• Current HPI: 156.4499
• Rent YoY: ▲ 0.93%
• 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

3 events — show timeline

• 2026-06-13 Listed $75,000 CTXMLS
• 2006-12-27 Sold (Public Records) — Public Records
• 1984-11-16 Sold (Public Records) — Public Records

Property tax history

+9.3%/yr

Latest (2026): $2,709 · +1.4% YoY. Source: county tax records.