108 7th St · Palestine, TX 75803

$79,500

3 bd · 1.0 ba · 1,236 sqft · SingleFamily public records · 70 Days on market

Built 1952 0.26 ac lot $64/sqft · 39% below area Est $130k · 39% under ↓ 16% since listing

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to 108 7th Street! A beautiful and charming traditional style home on a large corner lot with a large front covered porch! This property is priced to sell. This 3 bedroom 1 bath home will give you all that you are looking for. A well sized backyard for your wonderful private family gatherings and entertainment. You will fall in love and want to call this place HOME!!! Save Money with No HOA/maintenance fees! COME AND SEE THIS PROPERTY TODAY!

Key facts

• Front covered porch
• Well sized backyard
• Large corner lot

Tags

• LARGE CORNER LOT
• FRONT COVERED PORCH
• WELL SIZED BACKYARD
• NO HOA MAINTENANCE FEES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $462 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $75k (6.0% below list) — sets the bar for market timing.
• Cap rate 13.3% vs local median 3.9% in Palestine — 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 66/100 on livability (#657 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D+, schools D, employment D.
• Westwood ISD (town): math 28% / reading 29% proficiency, ranked #659 of 826 in TX (top 80%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 134 active listings in the ZIP; 29 units permitted in Anderson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $550 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Anderson County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($75k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price; built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 74% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $74,730 (6.0% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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 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?
7. 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?
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: 1.76% ✓
• Cap rate: 13.26%
• Cash-on-cash: 24.88%
• DSCR: 2.11
• GRM: 4.7

CMA / ARV

• ARV (median comp): $129,542
• List price: $79,500
• Delta: -38.63%
• Verdict: UNDERPRICED
• Comps: 10 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
108 Romallen Dr	0.40mi	3/1.0	1,087 (-12%)	13mo	$149,000	$137	51
116 Clearview Dr	0.75mi	3/1.0	1,305 (+6%)	6mo	$138,900	$106	50
1113 Salt Works Rd	0.63mi	3/2.0	1,354 (+10%)	20mo	$125,000	$92	34
319 Lowe St	0.68mi	4/1.0 (+1)	1,081 (-12%)	21mo	$74,500	$69	24

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 18.4%
• Equity multiple: 1.75×
• Total profit: $16,595
• Equity at exit: $11,854

10-year hold

• IRR: 26.8%
• Equity multiple: 3.36×
• Total profit: $52,629
• Equity at exit: $6,874

Cash invested: $22,260 (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 75803

• Home prices YoY: -34.0%
• Active inventory: 134
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,401 medium
• Mortgage (P&I): −$417
• Tax from tax record: −$195 /mo · $2,341/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $462

Break-even live

Break-even rent $817

Max offer price $79,500

Occupancy floor 62%

Sensitivity live

Price	-10% $507	-5% $484	+0% $462	+5% $439	+10% $417
Rent	-10% $351	-5% $406	+0% $462	+5% $517	+10% $572
Rate	-1.0pp $502	-0.5pp $482	base $462	+0.5pp $441	+1.0pp $420

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: $19,875
• Closing costs: $2,385
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-06-02
   days on market $79,500 Active 70 DOM
2. 2026-06-01
   days on market $79,500 Active 69 DOM
3. 2026-05-31
   days on market $79,500 Active 68 DOM
4. 2026-05-31
   days on market $79,500 Active 67 DOM
5. 2026-04-29
   price $79,500 458-char remark

   Show marketing remark (458 chars)

   Welcome home to 108 7th Street! A beautiful and charming traditional style home on a large corner lot with a large front covered porch! This property is priced to sell. This 3 bedroom 1 bath home will give you all that you are looking for. A well sized backyard for your wonderful private family gatherings and entertainment. You will fall in love and want to call this place HOME!!! Save Money with No HOA/maintenance fees! COME AND SEE THIS PROPERTY TODAY!

6. 2026-04-14
   price $84,500 458-char remark

   Show marketing remark (458 chars)

   Welcome home to 108 7th Street! A beautiful and charming traditional style home on a large corner lot with a large front covered porch! This property is priced to sell. This 3 bedroom 1 bath home will give you all that you are looking for. A well sized backyard for your wonderful private family gatherings and entertainment. You will fall in love and want to call this place HOME!!! Save Money with No HOA/maintenance fees! COME AND SEE THIS PROPERTY TODAY!

7. 2026-03-24
   listed $94,500 Active 458-char remark

   Show marketing remark (458 chars)

   Welcome home to 108 7th Street! A beautiful and charming traditional style home on a large corner lot with a large front covered porch! This property is priced to sell. This 3 bedroom 1 bath home will give you all that you are looking for. A well sized backyard for your wonderful private family gatherings and entertainment. You will fall in love and want to call this place HOME!!! Save Money with No HOA/maintenance fees! COME AND SEE THIS PROPERTY TODAY!

8. 2007-12-11
   soldstatus

ⓘ 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: $2,341 · $195/mo
• Projected year-2 tax: $2,341 · $195/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 7/10 Severe 7 d/yr ≥110°F today · 28 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 74% 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: $16,810
• − Mortgage interest: −$4,453
• − Property taxes: −$2,341
• − Insurance: −$398
• − Repairs & maintenance: −$1,345
• − Management: −$1,345
• − Depreciation: −$2,313
• Taxable income: $4,616
• Est. tax owed @ 24.0%: −$1,108
• After-tax cash flow: $4,431/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: Westwood ISD
• NCES district ID: 4843290
• Math proficiency: 28% ▼ -8.00%
• Reading proficiency: 29% ▼ -5.00%
• Median HH income: $44,200
• Composite: 24.41/100
• National rank: #7684
• State rank: #659 of 826 in TX

Livability — Palestine

• Score: 66/100
• State rank: #657
• US rank: #12357

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palestine, TX
• City population: 17,531
• Population (ZIP): 21,390

Population outlook (Anderson County) Hauer SSP2

• Today (2025): 56,663 people
• By 2030: 57,373 · +1.3%
• By 2040: 58,960 · +4.1%
• By 2050: 59,073 · +4.3%
• By 2075: 53,737 · -5.2%
• By 2100: 42,516 · -25.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 57% Hispanic / Latino 24% Two or more races 17% Black 14%
• Hispanic origin (detail): Mexican 22%
• Common ancestry: Romanian 1% Iranian 1% Slovak 1%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 84% English-only · Spanish 14% German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · Anderson

• 2024 margin: Solid R (+61.8) · D 18.8% · R 80.6%
• 2008→2024 swing: -18.3pp toward R · 2008: -43.5pp · 2024: -61.8pp
• All cycles: 2024: R+61.8 2020: R+58.0 2016: R+58.1 2012: R+52.2 2008: R+43.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -95.92%
• Current HPI: 186.4885
• 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

-15.9% since first listed

4 events — show timeline

• 2026-04-29 Price Changed $79,500 HARMLS
• 2026-04-14 Price Changed $84,500 HARMLS
• 2026-03-24 Listed $94,500 HARMLS
• 2007-12-11 Sold (Public Records) — Public Records

Property tax history

+3.7%/yr

Latest (2025): $2,341 · +8.0% YoY. Source: county tax records.