705 E Broadway St · Denver City, TX 79323

$115,000

3 bd · 2.0 ba · 1,521 sqft · SingleFamily public records · 1 Days on market

Built 1975 7,345 sqft lot

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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 +20.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.5/10.0
• 1% rule +4.7/10.0
• Livability +3.7/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This 3-bedroom, 2-bath home offers plenty of space and flexibility with a versatile bonus room that could serve as a second living area, game room, home office, or whatever fits your needs. The layout provides comfortable everyday living, while the spacious laundry room with durable concrete floors adds extra functionality. Full of potential, this home is ready for your personal touch and updates over time, yet remains completely functional and move-in ready today. Whether you are looking for a starter home, investment opportunity, or a place to make your own, this property offers a great foundation with endless possibilities.

Key facts

• Bonus room
• 7,345 sq ft lot
• Parking

Tags

• BONUS ROOM
• SPACIOUS LAUNDRY ROOM
• DURABLE CONCRETE FLOORS

Property features AI

Exterior

• Parking: Carport (1 space)
• Home design: Single-family residence; Residential property
• Construction: Brick and vinyl siding exterior; Metal roof; Pillar/Post/Pier foundation; Built area approximately 1,521 above-grade square feet
• Exterior features: Private yard; Paved road access

Interior

• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Ceiling fan(s)
• Interior features: Ceiling fan(s); Vinyl flooring
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $149 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $112k (2.7% below list).
• Recommended offer: $112k (2.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 73/100 on livability (#223 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: amenities F, commute F, health & safety F.
• Denver City ISD (town): math 32% / reading 33% proficiency, ranked #547 of 826 in TX (top 66%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Kelley El (math 37% / reading 31%, grade F, #2,149 of 4,322 statewide, top 50%, 325 students, 64% FRL); William G Gravitt J H (math 27% / reading 32%, grade F, #1,077 of 1,662 statewide, top 66%, 364 students, 63% FRL); Denver City H S (math 37% / reading 42%, grade F, #821 of 1,632 statewide, top 53%, 521 students, 47% FRL).
• Market conditions: 39 active listings in the ZIP; 6 units permitted in Yoakum County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Yoakum County population projected at +48% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $111,920 (2.7% below list)

Questions for the listing agent

1. Built in 1975 — 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 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?
4. 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.
5. 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.
6. 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: 0.97% ✗
• Cap rate: 7.85%
• Cash-on-cash: 5.57%
• DSCR: 1.25
• GRM: 8.6

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: -7.7%
• Equity multiple: 0.72×
• Total profit: $-9,135
• Equity at exit: $17,147

10-year hold

• IRR: 1.8%
• Equity multiple: 1.13×
• Total profit: $4,222
• Equity at exit: $9,943

Cash invested: $32,200 (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 79323

• Active inventory: 39
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,119 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$84 /mo · $1,004/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $149

Break-even live

Break-even rent $930

Max offer price $115,000

Occupancy floor 82%

Sensitivity live

Price	-10% $215	-5% $182	+0% $149	+5% $117	+10% $84
Rent	-10% $61	-5% $105	+0% $149	+5% $194	+10% $238
Rate	-1.0pp $207	-0.5pp $179	base $149	+0.5pp $120	+1.0pp $89

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-05-21
   status Pending
2. 2026-05-20
   listed $115,000 Active
3. 2024-04-22
   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: $1,004 · $84/mo
• Projected year-2 tax: $2,104 · $175/mo
• Expected delta: +$1,100/yr (+$92/mo · 109.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $13,430
• − Mortgage interest: −$6,442
• − Property taxes: −$1,004
• − Insurance: −$575
• − Repairs & maintenance: −$1,074
• − Management: −$1,074
• − Depreciation: −$3,345
• Taxable loss: −$85
• Est. tax savings @ 24.0%: +$20
• After-tax cash flow: $1,814/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: Denver City ISD
• NCES district ID: 4816770
• Math proficiency: 32% ▼ -12.00%
• Reading proficiency: 33% ▼ -7.00%
• Median HH income: $54,908
• Composite: 28.74/100
• National rank: #6677
• State rank: #547 of 826 in TX

Livability — Denver City

• Score: 73/100
• State rank: #223
• US rank: #5491

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Denver City, TX
• Population (ZIP): 7,115

Population outlook (Yoakum County) Hauer SSP2

• Today (2025): 9,976 people
• By 2030: 10,821 · +8.5%
• By 2040: 12,727 · +27.6%
• By 2050: 14,807 · +48.4%
• By 2075: 20,536 · +105.9%
• By 2100: 24,737 · +148.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (74%)
• Race & ethnicity: Hispanic / Latino 74% Two or more races 30% White 26% Native American 1%
• Hispanic origin (detail): Mexican 70%
• Common ancestry: German 3% Lithuanian 1% Serbian 1%
• Foreign-born: 24% · Canada
• Languages at home: 42% English-only · Spanish 52% German/W. Germanic 6%

Political lean MEDSL · Yoakum

• 2024 margin: Solid R (+70.9) · D 14.3% · R 85.2%
• 2008→2024 swing: -8.3pp toward R · 2008: -62.6pp · 2024: -70.9pp
• All cycles: 2024: R+70.9 2020: R+66.7 2016: R+59.6 2012: R+60.6 2008: R+62.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -99.51%
• Current HPI: 138.436
• 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

3 events — show timeline

• 2026-05-21 Pending — LARMLS
• 2026-05-20 Listed $115,000 LARMLS
• 2024-04-22 Sold (Public Records) — Public Records

Property tax history

-6.0%/yr

Latest (2025): $1,004 · +14.8% YoY. Source: county tax records.