2942 Medlin Rd · East Mountain, TX 75645

$242,500

3 bd · 1.0 ba · 1,584 sqft · SingleFamily public records · 51 Days on market

Built 1974 1.20 ac lot $153/sqft · at area comps Est $358k · 32% 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
• Appreciation +10.0/10.0
• Cash flow +5.3/30.0
• Schools +3.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.5/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Welcome to this charming 3-bedroom, 3-bath home with a 4-car garage offering 2,364 square feet of spacious living on 1.2 acres in Gilmer. Full of character and room to grow, this property is perfect for families seeking space, flexibility, and a peaceful setting. Outside, you’ll find expansive front and backyard areas—ideal for entertaining, outdoor activities, or simply enjoying the open space. A detached garage adds even more value and includes an unfinished mother-in-law suite with a half bath, ready to be completed to fit your needs. Inside, the home features two separate and generously sized living areas. The main living room is warm and inviting with a beautiful fireplace and an open flow into the kitchen. The kitchen offers abundant cabinet storage and ample counter space, making it both functional and welcoming. The second living area is exceptionally spacious, featuring large windows along two walls that fill the room with natural light. With built-in shelving and cabinetry, plus direct access to the backyard, this versatile space is perfect for a game room, media room, or additional lounge area. A dedicated sunroom adds even more living space, offering a bright and airy atmosphere—ideal for a cozy sitting area, reading nook, or hobby space. All bedrooms and bathrooms are comfortably sized with charming details throughout. The primary bathroom includes a beautiful walk-in shower and a functional layout designed for everyday comfort. With its generous layout, unique features, and endless potential, this Gilmer property offers the perfect opportunity to create a home that truly fits your lifestyle.

Key facts

• Large windows
• Ample counter space
• Detached garage

Tags

• DETACHED GARAGE
• UNFINISHED MOTHER-IN-LAW SUITE
• TWO SEPARATE LIVING AREAS
• ABUNDANT CABINET STORAGE
• AMPLE COUNTER SPACE
• LARGE WINDOWS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $242k.

Deal economics

• At list price, monthly cash flow is $-606 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $135k (44.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $158k (34.9% below list).
• Recommended offer: $135k (44.2% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 67/100 on livability (#522 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety D-.
• Gilmer ISD (town): math 44% / reading 38% proficiency, ranked #372 of 826 in TX (top 45%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Gilmer El (math 34% / reading 34%, grade F, #2,149 of 4,322 statewide, top 50%, 1,179 students, 81% FRL); Bruce J H (math 44% / reading 40%, grade D-, #572 of 1,662 statewide, top 36%, 429 students, 78% FRL); Gilmer H S (math 63% / reading 53%, grade C, #320 of 1,632 statewide, top 20%, 815 students, 73% FRL) — zoned schools average 77% FRL vs 54% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 182 active listings in the ZIP; 34 units permitted in Upshur County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $26k of equity ($2k loan paydown + $24k appreciation (10.0% local appreciation)).
• Upshur County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 2, paydown + projected appreciation supports a ~$42k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 3y ago; this cycle's ask has dropped $2.26M (90%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; major wind risk, 57% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $135,431 (44.2% 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 51 days. Have you received any prior offers? Is the seller open to a 44% concession, seller financing, or rate buy-down credit?
3. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.65% ✗
• Cap rate: 3.62%
• Cash-on-cash: -9.54%
• DSCR: 0.58
• GRM: 12.8

CMA / ARV

• ARV (median comp): $357,543
• List price: $242,500
• Delta: -32.18%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 16.8%
• Equity multiple: 2.38×
• Total profit: $93,603
• Equity at exit: $218,463

10-year hold

• IRR: 16.0%
• Equity multiple: 5.51×
• Total profit: $306,266
• Equity at exit: $471,124

Cash invested: $67,900 (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 75645

• Home prices YoY: 12.7%
• Active inventory: 182
• Price-to-rent: 12.8×

Monthly cashflow live

• Estimated rent: $1,580 medium
• Mortgage (P&I): −$1,272
• Tax from tax record: −$415 /mo · $4,977/yr
• Insurance: −$101
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$332
• Net cashflow: $-606

Break-even live

Break-even rent $2,347

Max offer price $135,431

Occupancy floor —

Sensitivity live

Price	-10% $-469	-5% $-537	+0% $-606	+5% $-675	+10% $-743
Rent	-10% $-731	-5% $-668	+0% $-606	+5% $-544	+10% $-481
Rate	-1.0pp $-484	-0.5pp $-544	base $-606	+0.5pp $-669	+1.0pp $-733

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: $60,625
• Closing costs: $7,275
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-05-11
   price $242,500 1650-char remark

   Show marketing remark (1650 chars)

   Welcome to this charming 3-bedroom, 3-bath home with a 4-car garage offering 2,364 square feet of spacious living on 1.2 acres in Gilmer. Full of character and room to grow, this property is perfect for families seeking space, flexibility, and a peaceful setting. Outside, you’ll find expansive front and backyard areas—ideal for entertaining, outdoor activities, or simply enjoying the open space. A detached garage adds even more value and includes an unfinished mother-in-law suite with a half bath, ready to be completed to fit your needs. Inside, the home features two separate and generously sized living areas. The main living room is warm and inviting with a beautiful fireplace and an open flow into the kitchen. The kitchen offers abundant cabinet storage and ample counter space, making it both functional and welcoming. The second living area is exceptionally spacious, featuring large windows along two walls that fill the room with natural light. With built-in shelving and cabinetry, plus direct access to the backyard, this versatile space is perfect for a game room, media room, or additional lounge area. A dedicated sunroom adds even more living space, offering a bright and airy atmosphere—ideal for a cozy sitting area, reading nook, or hobby space. All bedrooms and bathrooms are comfortably sized with charming details throughout. The primary bathroom includes a beautiful walk-in shower and a functional layout designed for everyday comfort. With its generous layout, unique features, and endless potential, this Gilmer property offers the perfect opportunity to create a home that truly fits your lifestyle.

2. 2026-05-11
   price $242,500 1650-char remark

   Show marketing remark (1650 chars)

   Welcome to this charming 3-bedroom, 3-bath home with a 4-car garage offering 2,364 square feet of spacious living on 1.2 acres in Gilmer. Full of character and room to grow, this property is perfect for families seeking space, flexibility, and a peaceful setting. Outside, you’ll find expansive front and backyard areas—ideal for entertaining, outdoor activities, or simply enjoying the open space. A detached garage adds even more value and includes an unfinished mother-in-law suite with a half bath, ready to be completed to fit your needs. Inside, the home features two separate and generously sized living areas. The main living room is warm and inviting with a beautiful fireplace and an open flow into the kitchen. The kitchen offers abundant cabinet storage and ample counter space, making it both functional and welcoming. The second living area is exceptionally spacious, featuring large windows along two walls that fill the room with natural light. With built-in shelving and cabinetry, plus direct access to the backyard, this versatile space is perfect for a game room, media room, or additional lounge area. A dedicated sunroom adds even more living space, offering a bright and airy atmosphere—ideal for a cozy sitting area, reading nook, or hobby space. All bedrooms and bathrooms are comfortably sized with charming details throughout. The primary bathroom includes a beautiful walk-in shower and a functional layout designed for everyday comfort. With its generous layout, unique features, and endless potential, this Gilmer property offers the perfect opportunity to create a home that truly fits your lifestyle.

3. 2026-04-30
   price $250,000 1650-char remark

   Show marketing remark (1650 chars)

   Welcome to this charming 3-bedroom, 3-bath home with a 4-car garage offering 2,364 square feet of spacious living on 1.2 acres in Gilmer. Full of character and room to grow, this property is perfect for families seeking space, flexibility, and a peaceful setting. Outside, you’ll find expansive front and backyard areas—ideal for entertaining, outdoor activities, or simply enjoying the open space. A detached garage adds even more value and includes an unfinished mother-in-law suite with a half bath, ready to be completed to fit your needs. Inside, the home features two separate and generously sized living areas. The main living room is warm and inviting with a beautiful fireplace and an open flow into the kitchen. The kitchen offers abundant cabinet storage and ample counter space, making it both functional and welcoming. The second living area is exceptionally spacious, featuring large windows along two walls that fill the room with natural light. With built-in shelving and cabinetry, plus direct access to the backyard, this versatile space is perfect for a game room, media room, or additional lounge area. A dedicated sunroom adds even more living space, offering a bright and airy atmosphere—ideal for a cozy sitting area, reading nook, or hobby space. All bedrooms and bathrooms are comfortably sized with charming details throughout. The primary bathroom includes a beautiful walk-in shower and a functional layout designed for everyday comfort. With its generous layout, unique features, and endless potential, this Gilmer property offers the perfect opportunity to create a home that truly fits your lifestyle.

4. 2026-04-29
   listed $2,505,000 Active 1650-char remark

   Show marketing remark (1650 chars)

   Welcome to this charming 3-bedroom, 3-bath home with a 4-car garage offering 2,364 square feet of spacious living on 1.2 acres in Gilmer. Full of character and room to grow, this property is perfect for families seeking space, flexibility, and a peaceful setting. Outside, you’ll find expansive front and backyard areas—ideal for entertaining, outdoor activities, or simply enjoying the open space. A detached garage adds even more value and includes an unfinished mother-in-law suite with a half bath, ready to be completed to fit your needs. Inside, the home features two separate and generously sized living areas. The main living room is warm and inviting with a beautiful fireplace and an open flow into the kitchen. The kitchen offers abundant cabinet storage and ample counter space, making it both functional and welcoming. The second living area is exceptionally spacious, featuring large windows along two walls that fill the room with natural light. With built-in shelving and cabinetry, plus direct access to the backyard, this versatile space is perfect for a game room, media room, or additional lounge area. A dedicated sunroom adds even more living space, offering a bright and airy atmosphere—ideal for a cozy sitting area, reading nook, or hobby space. All bedrooms and bathrooms are comfortably sized with charming details throughout. The primary bathroom includes a beautiful walk-in shower and a functional layout designed for everyday comfort. With its generous layout, unique features, and endless potential, this Gilmer property offers the perfect opportunity to create a home that truly fits your lifestyle.

5. 2026-03-30
   listed $250,000 Active 1650-char remark

   Show marketing remark (1650 chars)

   Welcome to this charming 3-bedroom, 3-bath home with a 4-car garage offering 2,364 square feet of spacious living on 1.2 acres in Gilmer. Full of character and room to grow, this property is perfect for families seeking space, flexibility, and a peaceful setting. Outside, you’ll find expansive front and backyard areas—ideal for entertaining, outdoor activities, or simply enjoying the open space. A detached garage adds even more value and includes an unfinished mother-in-law suite with a half bath, ready to be completed to fit your needs. Inside, the home features two separate and generously sized living areas. The main living room is warm and inviting with a beautiful fireplace and an open flow into the kitchen. The kitchen offers abundant cabinet storage and ample counter space, making it both functional and welcoming. The second living area is exceptionally spacious, featuring large windows along two walls that fill the room with natural light. With built-in shelving and cabinetry, plus direct access to the backyard, this versatile space is perfect for a game room, media room, or additional lounge area. A dedicated sunroom adds even more living space, offering a bright and airy atmosphere—ideal for a cozy sitting area, reading nook, or hobby space. All bedrooms and bathrooms are comfortably sized with charming details throughout. The primary bathroom includes a beautiful walk-in shower and a functional layout designed for everyday comfort. With its generous layout, unique features, and endless potential, this Gilmer property offers the perfect opportunity to create a home that truly fits your lifestyle.

6. 2024-09-26
   soldstatus
7. 2024-09-25
   soldstatus Closed
8. 2024-08-14
   listed $224,900 Active
9. 2024-06-18
   price $259,900
10. 2024-06-03
    price $269,900
11. 2024-04-12
    price $274,900
12. 2024-03-28
    listed $289,900 Active
13. 2024-01-05
    historical
14. 2023-09-05
    listed $159,900 Active
15. 2023-07-13
    soldstatus
16. 2023-07-11
    soldstatus Closed
17. 2023-05-31
    listed $115,000 Active

ⓘ 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: $4,977 · $415/mo
• Projected year-2 tax: $4,977 · $415/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 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 25 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 57% 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: $18,954
• − Mortgage interest: −$13,584
• − Property taxes: −$4,977
• − Insurance: −$2,010
• − Repairs & maintenance: −$1,516
• − Management: −$1,516
• − Depreciation: −$7,055
• Taxable loss: −$11,703
• Est. tax savings @ 24.0%: +$2,809
• After-tax cash flow: $-4,464/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: Gilmer ISD
• NCES district ID: 4820700
• Math proficiency: 44% ▼ -8.00%
• Reading proficiency: 38% ▼ -3.00%
• Median HH income: $46,724
• Composite: 35.04/100
• National rank: #5038
• State rank: #372 of 826 in TX

Livability — East Mountain

• Score: 67/100
• State rank: #522
• US rank: #10263

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: East Mountain, TX
• Population (ZIP): 10,511

Population outlook (Upshur County) Hauer SSP2

• Today (2025): 42,771 people
• By 2030: 43,788 · +2.4%
• By 2040: 45,574 · +6.6%
• By 2050: 46,683 · +9.1%
• By 2075: 49,137 · +14.9%
• By 2100: 47,457 · +11.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 10% Two or more races 6% Black 4%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Slovak 3% Serbian 2% Lithuanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 97% English-only · Spanish 2% Tagalog/Filipino 0%

Political lean MEDSL · Upshur

• 2024 margin: Solid R (+71.0) · D 14.2% · R 85.2%
• 2008→2024 swing: -22.0pp toward R · 2008: -49.0pp · 2024: -71.0pp
• All cycles: 2024: R+71.0 2020: R+68.5 2016: R+68.0 2012: R+59.8 2008: R+49.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 35.93%
• Current HPI: 319.83
• 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

+110.9% since first listed

17 events — show timeline

• 2026-05-11 Price Changed $242,500 LAAR
• 2026-05-11 Price Changed $242,500 GTAR
• 2026-04-30 Price Changed $250,000 LAAR
• 2026-04-29 Listed $2,505,000 LAAR
• 2026-03-30 Listed $250,000 GTAR
• 2024-09-26 Sold (Public Records) — Public Records
• 2024-09-25 Sold (MLS) — LAAR
• 2024-08-14 Listed $224,900 LAAR
• 2024-06-18 Price Changed $259,900 LAAR
• 2024-06-03 Price Changed $269,900 LAAR
• 2024-04-12 Price Changed $274,900 LAAR
• 2024-03-28 Listed $289,900 LAAR
• 2024-01-05 Listing Removed — NTREIS
• 2023-09-05 Listed $159,900 NTREIS
• 2023-07-13 Sold (Public Records) — Public Records
• 2023-07-11 Sold (MLS) — LAAR
• 2023-05-31 Listed $115,000 LAAR

Property tax history

+6.5%/yr

Latest (2025): $4,977 · +15.9% YoY. Source: county tax records.