2100 Santa Fe St #905 · Wichita Falls, TX 76309

$75,000

1 bd · 1.0 ba · 813 sqft · SingleFamily · 205 Days on market

Built 1973 Good condition $92/sqft · 155% above area

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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 +24.8/30.0
• DSCR +8.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• Rent growth +4.6/5.0
• Condition / age +3.8/5.0
• Livability +3.5/5.0
• Schools +2.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move-in ready. Neat, clean, light, bright. 1 Bedroom, 1 bath townhouse with terrific updates. Freshly painted. New carpet. 1 parking space in garage. Bathroom updated. Kitchen has free standing electric stove, dishwasher, microwave, trash compacter, and refrigerator. Exceptional opportunity!

Key facts

• Garage
• Pool
• Built 1973

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $75k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $158 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($856 rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 4.7% in Wichita Falls — 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 69/100 on livability (#437 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, employment D+, schools D.
• Wichita Falls ISD (urban): math 31% / reading 33% proficiency, ranked #585 of 826 in TX (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+8.3%/yr); 129 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 231 units permitted in Wichita County in 2024 (10 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.
• Wichita County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $21k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 205 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 3 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.

Recommended offer $66,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 205 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 1.14% ✓
• Cap rate: 8.82%
• Cash-on-cash: 9.01%
• DSCR: 1.40
• GRM: 7.3

CMA / ARV

• ARV (median comp): $29,387
• List price: $75,000
• Delta: 155.21%
• Verdict: OVERPRICED
• Comps: 3 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 2.8%
• Equity multiple: 1.12×
• Total profit: $2,422
• Equity at exit: $11,183

10-year hold

• IRR: 16.7%
• Equity multiple: 2.70×
• Total profit: $35,671
• 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 76309

• Rents YoY: 8.3%
• Active inventory: 129
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $856 high
• Mortgage (P&I): −$393
• Tax est. 1.5%: −$94 /mo · $1,125/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$180
• Net cashflow: $158

Break-even live

Break-even rent $656

Max offer price $75,000

Occupancy floor 77%

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 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1901 Wenonah Ave Unit B Wichita Falls, TX	2.0	1.0	946	$1,000	$1.06	43d	1	0.24mi
2912 Avenue L Unit L Wichita Falls, TX	2.0	1.0	1104	$895	$0.81	43d	1	0.28mi
3014 Seymour Rd Wichita Falls, TX	1.0	1.0	686	$825	$1.20	43d	1	0.36mi
3706 Seymour Rd Wichita Falls, TX	1.0–3.0	1.0–2.5	1100	$1,000	$0.91	43d	13	0.54mi
1710 Fillmore St Apt C Wichita Falls, TX	1.0	1.0	648	$625	$0.96	43d	1	0.66mi
2812 Avenue R Unit R Wichita Falls, TX	2.0	1.0	1044	$925	$0.89	43d	1	0.69mi
2500 Taylor St Unit 2500 Taylor A Wichita Falls, TX	2.0	1.0	910	$800	$0.88	43d	1	0.74mi
2809 Lebanon Rd Wichita Falls, TX	2.0	1.0	600	$800	$1.33	43d	1	0.87mi
504 Fillmore St Wichita Falls, TX	1.0–2.0	1.0	734	$775	$1.06	43d	6	1.25mi
2003 Wilson Ave Unit 1/2 Wichita Falls, TX	1.0	1.0	680	$650	$0.96	43d	1	1.37mi
2007 10th St Unit B Wichita Falls, TX	1.0	1.0	744	$750	$1.01	43d	1	1.39mi
1824 Collins Ave Wichita Falls, TX	1.0	1.0	750	$795	$1.06	43d	1	1.47mi

Listing history 25 events

1. 2026-06-19
   days on market $75,000 Active 205 DOM
2. 2026-06-18
   days on market $75,000 Active 204 DOM
3. 2026-06-17
   days on market $75,000 Active 203 DOM
4. 2026-06-16
   days on market $75,000 Active 202 DOM
5. 2026-06-15
   days on market $75,000 Active 201 DOM
6. 2026-06-14
   days on market $75,000 Active 199 DOM
7. 2026-06-13
   days on market $75,000 Active 198 DOM
8. 2026-06-10
   days on market $75,000 Active 196 DOM
9. 2026-06-09
   days on market $75,000 Active 195 DOM
10. 2026-06-08
    days on market $75,000 Active 194 DOM
11. 2026-06-07
    days on market $75,000 Active 193 DOM
12. 2026-06-05
    days on market $75,000 Active 190 DOM
13. 2026-06-02
    days on market $75,000 Active 188 DOM
14. 2026-06-01
    days on market $75,000 Active 187 DOM
15. 2026-05-31
    days on market $75,000 Active 186 DOM
16. 2026-05-30
    days on market $75,000 Active 185 DOM
17. 2025-11-25
    listed $75,000 Active 292-char remark

    Show marketing remark (292 chars)

    Move-in ready. Neat, clean, light, bright. 1 Bedroom, 1 bath townhouse with terrific updates. Freshly painted. New carpet. 1 parking space in garage. Bathroom updated. Kitchen has free standing electric stove, dishwasher, microwave, trash compacter, and refrigerator. Exceptional opportunity!

18. 2025-09-15
    soldstatus Closed 404-char remark

    Show marketing remark (404 chars)

    Step into a 1bd/1bath with 813 sqf. Cozy Condo. This relaxing unit has a great view with 12 hour live security along with restricted access after 7pm. montly HOA fee is . 61per sqft. Includes utilities, Internet, event room, library and gym. This is ideal to buy with unit 905 for multifamily or in laws. Unit 905 is also available and can be bought jointly adding an addition 1219 sqf. Both for $150,000

19. 2025-09-05
    historical 404-char remark

    Show marketing remark (404 chars)

    Step into a 1bd/1bath with 813 sqf. Cozy Condo. This relaxing unit has a great view with 12 hour live security along with restricted access after 7pm. montly HOA fee is . 61per sqft. Includes utilities, Internet, event room, library and gym. This is ideal to buy with unit 905 for multifamily or in laws. Unit 905 is also available and can be bought jointly adding an addition 1219 sqf. Both for $150,000

20. 2025-07-29
    price $70,000 404-char remark

    Show marketing remark (404 chars)

    Step into a 1bd/1bath with 813 sqf. Cozy Condo. This relaxing unit has a great view with 12 hour live security along with restricted access after 7pm. montly HOA fee is . 61per sqft. Includes utilities, Internet, event room, library and gym. This is ideal to buy with unit 905 for multifamily or in laws. Unit 905 is also available and can be bought jointly adding an addition 1219 sqf. Both for $150,000

21. 2025-07-23
    price $72,900 404-char remark

    Show marketing remark (404 chars)

    Step into a 1bd/1bath with 813 sqf. Cozy Condo. This relaxing unit has a great view with 12 hour live security along with restricted access after 7pm. montly HOA fee is . 61per sqft. Includes utilities, Internet, event room, library and gym. This is ideal to buy with unit 905 for multifamily or in laws. Unit 905 is also available and can be bought jointly adding an addition 1219 sqf. Both for $150,000

22. 2025-06-27
    price $74,900 404-char remark

    Show marketing remark (404 chars)

    Step into a 1bd/1bath with 813 sqf. Cozy Condo. This relaxing unit has a great view with 12 hour live security along with restricted access after 7pm. montly HOA fee is . 61per sqft. Includes utilities, Internet, event room, library and gym. This is ideal to buy with unit 905 for multifamily or in laws. Unit 905 is also available and can be bought jointly adding an addition 1219 sqf. Both for $150,000

23. 2025-06-05
    listed $84,900 Active 404-char remark

    Show marketing remark (404 chars)

    Step into a 1bd/1bath with 813 sqf. Cozy Condo. This relaxing unit has a great view with 12 hour live security along with restricted access after 7pm. montly HOA fee is . 61per sqft. Includes utilities, Internet, event room, library and gym. This is ideal to buy with unit 905 for multifamily or in laws. Unit 905 is also available and can be bought jointly adding an addition 1219 sqf. Both for $150,000

24. 2021-08-06
    soldstatus
25. 2021-05-28
    listed $55,000

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

Taxation est. · year 1

• Rental income: $10,268
• − Mortgage interest: −$4,201
• − Property taxes: −$1,125
• − Insurance: −$375
• − Repairs & maintenance: −$821
• − Management: −$821
• − Depreciation: −$2,182
• Taxable income: $742
• Est. tax owed @ 24.0%: −$178
• After-tax cash flow: $1,714/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 · 9 photos

Good 75/100 Cosmetic rehab

This move-in ready apartment is in good condition with fresh paint and new appliances, making it an attractive option for both resale and rental.

Value-add opportunities

• Both Paint touch-ups — Fresh paint enhances curb appeal and interior aesthetics
• Both New flooring in kitchen and bathrooms — New flooring improves aesthetics and functionality
• Both New appliances — Modern appliances increase appeal and functionality
• Both Landscaping — Landscaping enhances curb appeal and adds value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint touch-ups — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both New flooring in kitchen and bathrooms — New flooring improves aesthetics and functionality ↑
• Both New appliances — Modern appliances increase appeal and functionality ↑
• Both Landscaping — Landscaping enhances curb appeal and adds value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Wichita Falls ISD
• NCES district ID: 4845780
• Math proficiency: 31% ▼ -10.00%
• Reading proficiency: 33% ▼ -7.00%
• Median HH income: $41,604
• Composite: 27.06/100
• National rank: #7051
• State rank: #585 of 826 in TX

Livability — Wichita Falls

• Score: 69/100
• State rank: #437
• US rank: #8940

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wichita Falls, TX
• County: Wichita County · 95,694 people
• City population: 95,694
• Metro: Wichita Falls, TX
• Population (ZIP): 13,395
• Household income: $54,159
• Rent vs Own: 42.7% rent · 57.3% own
• Severe rent burden: 469.0

Population outlook (Wichita County) Hauer SSP2

• Today (2025): 129,638 people
• By 2030: 128,366 · -1.0%
• By 2040: 124,466 · -4.0%
• By 2050: 120,499 · -7.0%
• By 2075: 113,884 · -12.2%
• By 2100: 101,818 · -21.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 58% Hispanic / Latino 29% Two or more races 12% Black 6% Asian 2% Native American 2%
• Hispanic origin (detail): Mexican 27%
• Common ancestry: Lithuanian 1% Romanian 1% Portuguese 1%
• Foreign-born: 7% · Canada, Vietnam, Jamaica
• Languages at home: 82% English-only · Spanish 15% Vietnamese 1% French/Haitian/Cajun 1%

Political lean MEDSL · Wichita

• 2024 margin: Solid R (+44.0) · D 27.5% · R 71.5%
• 2008→2024 swing: -5.2pp toward R · 2008: -38.9pp · 2024: -44.0pp
• All cycles: 2024: R+44.0 2020: R+41.1 2016: R+49.7 2012: R+47.1 2008: R+38.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -88.35%
• Current HPI: 137.2935
• Rent YoY: ▲ 8.33%
• Metro: Wichita Falls, 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

+36.4% since first listed

9 events — show timeline

• 2025-11-25 Listed $75,000 WFAOR
• 2025-09-15 Sold (MLS) — WFAOR
• 2025-09-05 Delisted — WFAOR
• 2025-07-29 Price Changed $70,000 WFAOR
• 2025-07-23 Price Changed $72,900 WFAOR
• 2025-06-27 Price Changed $74,900 WFAOR
• 2025-06-05 Listed $84,900 WFAOR
• 2021-08-06 Sold (MLS) — WFAOR
• 2021-05-28 Listed $55,000 WFAOR