2603 14th St · Vernon, TX 76384

$94,000

2 bd · 1.0 ba · 1,288 sqft · SingleFamily public records · 8 Days on market

Built 1948

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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 +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Key facts

• Built 1948
• Listed 7 days

Property features AI

Exterior

• Home design: Single-family residence; One-story
• Construction: Wood siding construction
• Exterior features: Composition roof

Interior

• Flooring: Carpet
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Carpet flooring; Fireplace in family room; Central heating; Electric heating; Central air conditioning

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $94k.

Deal economics

• At list price, monthly cash flow is $679 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $94k).

Location & tenants

• Location reads 60/100 on livability (#1,078 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, crime D, amenities F.
• Vernon ISD (town): math 27% / reading 29% proficiency, ranked #673 of 826 in TX (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Vernon Middle (math 24% / reading 27%, grade F, #1,236 of 1,662 statewide, top 76%, 371 students, 72% FRL); Vernon H S (math 37% / reading 32%, grade F, #963 of 1,632 statewide, top 61%, 532 students, 60% FRL).
• Market conditions: 26 active listings in the ZIP; 19 units permitted in Wilbarger County in 2024 (15 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $650 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Wilbarger County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $26k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 5y ago 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 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $94,000

Questions for the listing agent

1. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.78% ✓
• Cap rate: 14.95%
• Cash-on-cash: 30.94%
• DSCR: 2.38
• GRM: 4.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 25.7%
• Equity multiple: 2.06×
• Total profit: $28,004
• Equity at exit: $14,016

10-year hold

• IRR: 33.4%
• Equity multiple: 4.04×
• Total profit: $80,116
• Equity at exit: $8,127

Cash invested: $26,320 (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 76384

• Active inventory: 26
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,672 medium
• Mortgage (P&I): −$493
• Tax from tax record: −$110 /mo · $1,322/yr
• Insurance: −$39
• HOA: −$0
• Vacancy / Maint / Mgmt: −$351
• Net cashflow: $679

Break-even live

Break-even rent $813

Max offer price $94,000

Occupancy floor 54%

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: $23,500
• Closing costs: $2,820
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-06-18
   days on market $94,000 Active 8 DOM
2. 2026-06-17
   days on market $94,000 Active 7 DOM
3. 2026-06-16
   days on market $94,000 Active 6 DOM
4. 2026-06-15
   days on market $94,000 Active 5 DOM
5. 2026-06-15
   days on market $94,000 Active 4 DOM
6. 2026-06-13
   days on market $94,000 Active 3 DOM
7. 2026-06-12
   listed $94,000 Active 2 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: $1,322 · $110/mo
• Projected year-2 tax: $1,720 · $143/mo
• Expected delta: +$398/yr (+$33/mo · 30.1%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% 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: $20,063
• − Mortgage interest: −$5,265
• − Property taxes: −$1,322
• − Insurance: −$470
• − Repairs & maintenance: −$1,605
• − Management: −$1,605
• − Depreciation: −$2,735
• Taxable income: $7,061
• Est. tax owed @ 24.0%: −$1,695
• After-tax cash flow: $6,448/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: Vernon ISD
• NCES district ID: 4844110
• Math proficiency: 27% ▼ -3.00%
• Reading proficiency: 29% ▲ 1.00%
• Median HH income: $41,161
• Composite: 23.7/100
• National rank: #7832
• State rank: #673 of 826 in TX

Livability — Vernon

• Score: 60/100
• State rank: #1078
• US rank: #19117

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Vernon, TX
• City population: 12,239
• Population (ZIP): 12,239

Population outlook (Wilbarger County) Hauer SSP2

• Today (2025): 12,496 people
• By 2030: 12,234 · -2.1%
• By 2040: 11,769 · -5.8%
• By 2050: 11,375 · -9.0%
• By 2075: 10,532 · -15.7%
• By 2100: 9,071 · -27.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 54% Hispanic / Latino 31% Two or more races 17% Black 6% Asian 3%
• Hispanic origin (detail): Mexican 26%
• Common ancestry: Italian 3% Slovak 1% Lithuanian 1%
• Foreign-born: 5% · Canada, Philippines
• Languages at home: 81% English-only · Spanish 17% Other Asian/Pacific 1%

Political lean MEDSL · Wilbarger

• 2024 margin: Solid R (+60.6) · D 19.3% · R 79.9%
• 2008→2024 swing: -14.3pp toward R · 2008: -46.3pp · 2024: -60.6pp
• All cycles: 2024: R+60.6 2020: R+56.8 2016: R+57.5 2012: R+49.9 2008: R+46.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -99.65%
• Current HPI: 110.9147
• Rent YoY: —
• Metro: —
• 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

+59.3% since first listed

5 events — show timeline

• 2026-06-10 Listed $94,000 WFAOR
• 2022-02-07 Sold (Public Records) — Public Records
• 2022-02-07 Sold (MLS) — WFAOR
• 2021-11-04 Listed $59,000 WFAOR
• 2017-12-04 Sold (Public Records) — Public Records

Property tax history

+4.7%/yr

Latest (2025): $1,322 · +17.2% YoY. Source: county tax records.