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492 Hocking Hills Dr
F Composite 34.92
Why this score? — see what drove the F 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 +9.8/15.0
  • Cash flow +6.7/30.0
  • Schools +4.3/10.0
  • Condition / age +4.0/5.0
  • Livability +3.9/5.0
  • Rent growth +3.4/5.0
  • 1% rule +1.9/10.0
  • DSCR +0.9/10.0
  • Appreciation +0.0/10.0

$394,990

492 Hocking Hills Dr · Waxahachie, TX 75165
4 bd · 3.0 ba · 2,448 sqft · SingleFamily · 94 Days on market
Built 2025 Good condition 7,200 sqft lot 2-car garage $161/sqft · 5% below area Est $417k · 5% under $50/mo HOA · 2% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

The Stanley II is a winning combination of comfort and adaptability. The main floor offers a bedroom with a full bath for guests. Of course, no one could blame you if you crafted an exceptional workout room instead. A wall of windows in the airy living room illuminates the space with natural light that carries into the casual dining area and the spectacular kitchen. Quartz countertops, stainless steel appliances and a gorgeous island ensure the kitchen will be everyone's favorite space. The presence of an upstairs loft near the bedrooms with a full bath creates a home-within-a-home!

Key facts

  • Spectacular kitchen
  • Workout room
  • Full bath for guests

Tags

FULL BATH FOR GUESTSWORKOUT ROOMWALL OF WINDOWSNATURAL LIGHTCASUAL DINING AREASPECTACULAR KITCHEN

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/3.0-bath single-family listed at $395k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-633 ($-8k/yr) — negative.
  • To cash-flow at today's rent, offer at most $303k (23.2% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $272k (31.2% below list).
  • Recommended offer: $272k (31.2% below list) — sets the bar for 1% rule.
  • Cap rate 4.4% vs local median 3.2% in Waxahachie — 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 78/100 on livability (#71 in TX, #2,592 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A-; Watch: commute F.
  • Waxahachie ISD (suburban): math 45% / reading 44% proficiency, ranked #253 of 826 in TX (top 31%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Dunaway El (math 44% / reading 45%, grade F, #1,155 of 4,322 statewide, top 29%, 454 students, 64% FRL); Howard J H (math 45% / reading 41%, grade D-, #540 of 1,662 statewide, top 33%, 758 students, 49% FRL); Waxahachie H S (math 38% / reading 46%, grade F, #730 of 1,632 statewide, top 47%, 2,963 students, 45% FRL).
  • Market conditions: Rents rising (+3.4%/yr); 1068 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals lingering (median 69d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 89% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,016 units permitted in Ellis County in 2024 (20 in 5+ unit buildings).
  • This rent runs 38% of the median local income ($86k/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 $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.
  • Ellis County population projected at +36% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 94 days — a 9% lower offer ($359k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts 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

  • Climate carrying-cost: major wind risk, 27% 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 $271,676 (31.2% 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 94 days. Have you received any prior offers? Is the seller open to a 31% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  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
0.69%
Cap rate
4.37%
Cash-on-cash
-6.87%
DSCR
0.69
GRM
12.1

CMA / ARV

ARV (median comp)
$416,613
List price
$394,990
Delta
-5.19%
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
492 Hundred Acre Dr 0.06mi 4/3.0 2,447 (-0%) 1mo $399,990 $163 96
480 Hundred Acre Dr 0.07mi 4/3.0 2,466 (+1%) 1mo $404,990 $164 95
445 Hundred Acre Dr 0.16mi 4/3.0 2,444 (-0%) 1mo $394,990 $162 92
488 Hocking Hills Dr 0.01mi 4/3.0 2,667 (+9%) 1mo $434,990 $163 84
481 Hocking Hills Dr 0.05mi 4/3.0 2,653 (+8%) 0mo $434,990 $164 83
493 Hundred Acre Dr 0.09mi 4/3.0 2,152 (-12%) 0mo $369,990 $172 76
504 Red Maple Rd 0.40mi 3/3.0 (-1) 2,527 (+3%) 1mo $455,000 $180 70
577 Red Maple Rd 0.49mi 4/2.5 2,519 (+3%) 1mo $430,000 $171 69
529 Sanctuary Dr 0.45mi 3/2.5 (-1) 2,521 (+3%) 1mo $440,000 $175 66
1808 Peace Lily Ln 0.49mi 3/3.0 (-1) 2,280 (-7%) 1mo $464,990 $204 60
1879 Silver Birch Rd 0.63mi 4/3.0 2,597 (+6%) 0mo $425,000 $164 60
1808 Peace Lily Ln 0.49mi 3/2.0 (-1) 2,282 (-7%) 1mo $437,304 $192 56

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 · 3.4% rent growth · sell at horizon

5-year hold
IRR
-27.7%
Equity multiple
0.07×
Total profit
$-103,180
Equity at exit
$58,894
10-year hold
IRR
-24.7%
Equity multiple
-0.24×
Total profit
$-136,965
Equity at exit
$34,152

Cash invested: $110,597 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
90 active · 54 under contract
Months of supply
6.6 mo (15%/mo absorbed)
Median asking
$438,745 ($174/sqft)
Median days on market
73 d
This list price
16% of active listings are priced below it
ARV vs active asking
-2.3% vs current asking $/sqft

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

ZIP-level market 75165

Home prices YoY
-24.5%
Rents YoY
3.4%
Active inventory
1068
Price-to-rent
12.1×

Monthly cashflow live

Estimated rent
$2,717 high interval (Pro) →
Mortgage (P&I)
$2,071
Tax est. 1.5%
$494 /mo · $5,925/yr
Insurance
$165
HOA
$50
Vacancy / Maint / Mgmt
$571
Net cashflow
$-633

Break-even live

Break-even rent $3,519
Max offer price $303,329
Occupancy floor

Sensitivity live

Price -10% $-360 -5% $-497 +0% $-633 +5% $-770 +10% $-906
Rent -10% $-848 -5% $-741 +0% $-633 +5% $-526 +10% $-419
Rate -1.0pp $-435 -0.5pp $-533 base $-633 +0.5pp $-736 +1.0pp $-840

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
$98,748
Closing costs
$11,850
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 19 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
425 Leopold Trl Waxahachie, TX 4.0 3.0 2185 $2,625 $1.20 12d 1 0.17mi
1909 Ethereal Ln Waxahachie, TX 3.0 2.5 1663 $2,400 $1.44 92d 1 0.42mi
1873 Ethereal Ln Waxahachie, TX 3.0 2.5 1680 $2,350 $1.40 92d 1 0.47mi
152 Aucuba Ln Waxahachie, TX 4.0 2.0 2140 $2,795 $1.31 34d 1 0.62mi
116 Aucuba Ln Waxahachie, TX 4.0 2.0 2140 $2,850 $1.33 92d 1 0.64mi
2186 Liriope Ln Waxahachie, TX 4.0 3.0 2590 $2,829 $1.09 71d 1 0.71mi
217 Resting Place Rd Waxahachie, TX 3.0 3.0 2521 $2,800 $1.11 73d 1 0.83mi
217 Resting Place Rd Waxahachie, TX 3.0 3.0 2533 $2,800 $1.11 71d 1 0.83mi
334 Sahara Dr Waxahachie, TX 4.0 2.5 2254 $2,895 $1.28 48d 1 0.85mi
128 Jennings Dr Waxahachie, TX 4.0 2.0 1837 $2,450 $1.33 38d 1 1.09mi
508 Bush Ave Waxahachie, TX 5.0 3.5 3269 $3,750 $1.15 69d 1 1.12mi
1610 Wildflower Dr Waxahachie, TX 4.0 2.5 3042 $3,100 $1.02 54d 1 1.17mi
404 Southhill Dr Waxahachie, TX 4.0 3.5 3126 $3,500 $1.12 92d 1 1.22mi
3000 Huntington Ct Waxahachie, TX 3.0 2.0 1652 $2,020 $1.22 0d 1 1.27mi
1566 Country Crest Dr Waxahachie, TX 4.0 2.5 2568 $2,900 $1.13 92d 1 1.29mi
229 Silver Spur Dr Waxahachie, TX 4.0 2.0 2146 $2,496 $1.16 42d 1 1.38mi
3016 Coventry Ln Waxahachie, TX 3.0 2.0 2005 $3,000 $1.50 53d 1 1.40mi
2121 Layla Dr Waxahachie, TX 3.0 2.5 1646 $2,350 $1.43 92d 1 1.49mi
102 Monarch Ct Waxahachie, TX 3.0 2.0 1589 $2,100 $1.32 37d 1 1.50mi

Property features AI

Finance

Other
Community amenities: community pool, park, playground
Financial info
Treat as clear loan typeNo second mortgage
HOA & community
Mandatory HOA (Dove Hollow)Annual association fee (management fees included)HOA management: Neighborhood Management, Inc.

Exterior

Parking
Attached 2-car garage with garage door opener2 covered parking spacesGarage faces front and has side-by-side configuration (approx. 20' x 20')
Security
Smoke detectorsCarbon monoxide detector(s)
Utilities
Community mailboxCurbs and sidewalksEnergy-efficient appliances, HVAC, insulation, lighting, windows, water heater, mechanical fresh air, thermostat controls, rain/freeze sensorsLow-flow fixtures and water-smart landscaping
Home design
Single family residenceResidential propertyTwo-storyNew construction (incomplete) built 2025Located in the Dove Hollow planned development
Construction
Brick, rock/stone, and siding exteriorComposition roofSlab foundation
Exterior features
Covered porch(es)Covered patio/porchGuttersExterior lightingPrivate backyardWood backyard fence

Interior

Kitchen
DishwasherDisposalElectric ovenGas cooktopMicrowaveTankless water heater
Bedrooms
4 bedrooms (primary bedroom on level 1; other bedrooms on levels 1 and 2)
Flooring
CarpetLaminateTile
Bathrooms
3 full bathrooms
Heating & cooling
Central heatingCentral airCeiling fans
Interior features
Open floorplanCable TV availableHigh-speed internet availableWalk-in closets8 total roomsOne living areaOne dining areaTwo levels
Laundry & utility
Utility room with full-size washer/dryer areaWasher and dryer hookups (electric dryer hookup)

Listing history 50 events

  1. 2026-08-08
    days on market $394,990 Active 94 DOM
  2. 2026-08-06
    days on market $394,990 Active 92 DOM
  3. 2026-08-05
    days on market $394,990 Active 91 DOM
  4. 2026-08-04
    days on market $394,990 Active 90 DOM
  5. 2026-08-03
    days on market $394,990 Active 89 DOM
  6. 2026-07-31
    days on market $394,990 Active 86 DOM
  7. 2026-07-30
    days on market $394,990 Active 85 DOM
  8. 2026-07-30
    days on market $394,990 Active 84 DOM
  9. 2026-07-28
    days on market $394,990 Active 83 DOM
  10. 2026-07-26
    days on market $394,990 Active 81 DOM
  11. 2026-07-24
    days on market $394,990 Active 79 DOM
  12. 2026-07-23
    days on market $394,990 Active 78 DOM
  13. 2026-07-22
    days on market $394,990 Active 77 DOM
  14. 2026-07-21
    days on market $394,990 Active 76 DOM
  15. 2026-07-20
    days on market $394,990 Active 75 DOM
  16. 2026-07-18
    days on market $394,990 Active 73 DOM
  17. 2026-07-18
    days on market $394,990 Active 72 DOM
  18. 2026-07-16
    days on market $394,990 Active 71 DOM
  19. 2026-07-15
    days on market $394,990 Active 70 DOM
  20. 2026-07-14
    days on market $394,990 Active 69 DOM
  21. 2026-07-13
    days on market $394,990 Active 68 DOM
  22. 2026-07-13
    days on market $394,990 Active 67 DOM
  23. 2026-07-11
    days on market $394,990 Active 66 DOM
  24. 2026-07-10
    days on market $394,990 Active 65 DOM
  25. 2026-07-09
    pricedays on market $394,990 Active 64 DOM
  26. 2026-07-07
    days on market $399,990 Active 62 DOM
  27. 2026-07-06
    days on market $399,990 Active 61 DOM
  28. 2026-07-06
    days on market $399,990 Active 60 DOM
  29. 2026-07-05
    days on market $399,990 Active 59 DOM
  30. 2026-07-03
    days on market $399,990 Active 58 DOM
  31. 2026-07-02
    days on market $399,990 Active 57 DOM
  32. 2026-07-01
    days on market $399,990 Active 56 DOM
  33. 2026-06-30
    days on market $399,990 Active 55 DOM
  34. 2026-06-29
    days on market $399,990 Active 54 DOM
  35. 2026-06-28
    days on market $399,990 Active 53 DOM
  36. 2026-06-27
    days on market $399,990 Active 52 DOM
  37. 2026-06-26
    days on market $399,990 Active 51 DOM
  38. 2026-06-24
    days on market $399,990 Active 49 DOM
  39. 2026-06-22
    days on market $399,990 Active 47 DOM
  40. 2026-06-21
    days on market $399,990 Active 46 DOM
  41. 2026-06-18
    days on market $399,990 Active 43 DOM
  42. 2026-06-17
    days on market $399,990 Active 42 DOM
  43. 2026-06-16
    days on market $399,990 Active 41 DOM
  44. 2026-06-15
    days on market $399,990 Active 40 DOM
  45. 2026-06-13
    days on market $399,990 Active 38 DOM
  46. 2026-06-13
    days on market $399,990 Active 37 DOM
  47. 2026-06-09
    days on market $399,990 Active 34 DOM
  48. 2026-06-08
    days on market $399,990 Active 33 DOM
  49. 2026-06-07
    days on market $399,990 Active 32 DOM
  50. 2026-06-04
    days on market $399,990 Active 29 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 4/10 Moderate
  • 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 24 d/yr by 30 yrs out
  • 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
  • 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$32,601
− Mortgage interest
−$22,126
− Property taxes
−$5,925
− Insurance
−$1,975
− Repairs & maintenance
−$2,608
− Management
−$2,608
− HOA
−$600
− Depreciation
−$11,491
Taxable loss
−$14,731
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$3,535
After-tax cash flow
$-4,066/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 · 30 photos

Good 80/100 None rehab

This home is in excellent condition with modern finishes and a well-maintained exterior. It is move-in ready and would benefit from minor updates to enhance its curb appeal and rental value.

Value-add opportunities

  • Resale Painting the interior walls — Fresh paint can enhance the home's curb appeal and make it more inviting.
  • Rental Landscaping improvements — A well-maintained yard can attract more renters and increase rental value.
  • Both Adding smart home features — Smart home features can increase both resale and rental value by making the home more convenient and energy-efficient.
F Composite school gradezoned avg 43/100

Zoned Schools

Elementary Dunaway El F TX #1,155/4,322 Nat'l #16,061/41,679 Middle Howard J H D- TX #540/1,662 Nat'l #5,160/14,009 High Waxahachie H S F TX #730/1,632 Nat'l #7,572/17,239

Schools (NCES district)

District
Waxahachie ISD
NCES district ID
4844730
Math proficiency
45% ▼ -7.00%
Reading proficiency
44% ▼ -6.00%
Median HH income
$59,434
Composite
39.14/100
National rank
#4034
State rank
#253 of 826 in TX
B Composite livability gradescore 78/100

Livability — Waxahachie

Score
78/100
State rank
#71
US rank
#2592

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Waxahachie, TX
County
Ellis County · 194,556 people
City population
67,417
Metro
Dallas-Fort Worth-Arlington, TX
Population (ZIP)
53,513
Household income
$86,391
Rent vs Own
34.0% rent · 66.0% own
Severe rent burden
14% of renters

Population outlook (Ellis County) Hauer SSP2

Today (2025)
194,556 people
By 2030
209,679 · +7.8%
By 2040
238,837 · +22.8%
By 2050
265,451 · +36.4%
By 2075
326,571 · +67.9%
By 2100
362,156 · +86.1%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.60)
Race & ethnicity
White 56% Hispanic / Latino 26% Black 14% Two or more races 13%
Hispanic origin (detail)
Mexican 22%
Common ancestry
Slovak 2% Lithuanian 2% Italian 2%
Foreign-born
7% · Canada
Languages at home
84% English-only · Spanish 15%

Political lean MEDSL · Ellis

2024 margin
Solid R (+31.1) · D 34.0% · R 65.1%
2008→2024 swing
+11.2pp toward D · 2008: -42.2pp · 2024: -31.1pp
All cycles
2024: R+31.1 2020: R+34.1 2016: R+45.4 2012: R+47.5 2008: R+42.2

Not yet ingested

Civics

Price history

+0.0% since first listed
2 events — show timeline
  • 2026-05-06 Listed $399,990 NTREIS
  • 2026-05-06 Listed $399,990 Zillow

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…