1507 E Avenue E · Temple, TX 76501

$120,000

2 bd · 1.0 ba · 1,184 sqft · SingleFamily public records · 52 Days on market

Built 1923 0.44 ac lot $101/sqft · 16% below area Est $143k · 16% under

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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).

• ARV discount +14.8/15.0
• Cash flow +14.7/30.0
• 1% rule +5.9/10.0
• DSCR +4.5/10.0
• Livability +3.8/5.0
• Rent growth +3.4/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Calling all HOME BUILDERS and INVESTORS! Property offers two adjacent lots. Both properties combine approximately 1 acre. Great investment opportunity to build a residential home or duplexes. Come today and see your vision on what this property offers and make an offer!!

Key facts

• Approximately 1 acre
• Build duplexes
• Two adjacent lots

Tags

• TWO ADJACENT LOTS
• APPROXIMATELY 1 ACRE
• INVESTMENT OPPORTUNITY
• BUILD A RESIDENTIAL HOME
• BUILD DUPLEXES

Property features AI

Exterior

• Utilities: Public water
• Home design: Single-story; Resale property
• Construction: Wood siding construction; Composition/shingle roof; Pillar/post/pier foundation; Built year source: Assessor
• Exterior features: Chain link fence in the backyard; Mature trees on the lot; City lot with paved city street frontage

Interior

• Bedrooms: Total rooms: 1 (listed as Other)
• Flooring: Tile; Wood
• Bathrooms: 1 full bathroom
• Interior features: Tile and wood flooring; No additional interior features listed
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $31 ($371/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $116k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.6% vs local median 3.6% in Temple — 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 75/100 on livability (#122 in TX, #3,814 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, commute C-, crime D+.
• Temple ISD (urban): math 32% / reading 31% proficiency, ranked #590 of 826 in TX (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.4%/yr); 335 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 3,222 units permitted in Bell County in 2024 (246 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $830 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Bell County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($116k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.3% of price; built in 1923 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 76% chance of damaging wind over 30y; extreme-heat days projected 6→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $116,400 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1923 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.09% ✓
• Cap rate: 6.60%
• Cash-on-cash: 1.10%
• DSCR: 1.05
• GRM: 7.6

CMA / ARV

• ARV (median comp): $143,161
• List price: $120,000
• Delta: -16.18%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1106 S 26th St	0.50mi	2/1.0	1,128 (-5%)	1mo	$30,500	$27	68
713 S 30th St	0.21mi	3/2.0 (+1)	1,084 (-8%)	1mo	$186,000	$172	66
306 Fowler Dr	0.63mi	3/2.0 (+1)	1,166 (-2%)	3mo	$178,000	$153	56
815 S 24th St	0.31mi	3/2.0 (+1)	1,248 (+5%)	16mo	$179,000	$143	55
908 S 22nd St	0.41mi	3/2.0 (+1)	1,318 (+11%)	6mo	$163,000	$124	48

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 · 3.44% rent growth · sell at horizon

5-year hold

• IRR: -13.8%
• Equity multiple: 0.50×
• Total profit: $-16,762
• Equity at exit: $17,892

10-year hold

• IRR: -4.0%
• Equity multiple: 0.73×
• Total profit: $-9,120
• Equity at exit: $10,375

Cash invested: $33,600 (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 76501

• Rents YoY: 3.4%
• Active inventory: 335
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,313 high
• Mortgage (P&I): −$629
• Tax from tax record: −$327 /mo · $3,922/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $31

Break-even live

Break-even rent $1,274

Max offer price $120,000

Occupancy floor 93%

Sensitivity live

Price	-10% $99	-5% $65	+0% $31	+5% $-3	+10% $-37
Rent	-10% $-73	-5% $-21	+0% $31	+5% $83	+10% $135
Rate	-1.0pp $91	-0.5pp $61	base $31	+0.5pp $0	+1.0pp $-32

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
602 S 26th St Temple, TX	3.0	1.0	768	$1,200	$1.56	24d	1	0.07mi
612 S 26th St Temple, TX	3.0	2.0	1237	$1,195	$0.97	44d	1	0.11mi
613 S 24th St Temple, TX	3.0	2.0	1028	$1,290	$1.25	24d	1	0.11mi
708 S 28th St Unit 28th St unit 708 A Temple, TX	3.0	2.5	1355	$1,435	$1.06	44d	1	0.17mi
805 S 24th St Temple, TX	3.0	2.0	1233	$1,245	$1.01	44d	1	0.24mi
820 S 24th St Unit B Temple, TX	3.0	2.5	1300	$1,435	$1.10	14d	1	0.30mi
104 S 22nd St Unit B Temple, TX	3.0	2.5	1300	$1,435	$1.10	44d	1	0.35mi
518 S Knob St Unit B Temple, TX	3.0	2.0	1090	$1,015	$0.93	14d	1	0.36mi
209 S 18th St Unit A Temple, TX	3.0	2.0	1250	$1,550	$1.24	24d	1	0.36mi
209 S 18th St Unit A Temple, TX	3.0	2.0	1250	$1,550	$1.24	14d	1	0.36mi
209 S 18th St Temple, TX	3.0	2.5	1250	$1,400	$1.12	44d	1	0.36mi
503 Henderson St Temple, TX	3.0	2.0	1090	$1,015	$0.93	14d	1	0.38mi
1001 S Terrace St Temple, TX	3.0	2.0	1090	$1,015	$0.93	14d	1	0.40mi
903 S 18th St Temple, TX	3.0	2.0	1144	$1,295	$1.13	14d	1	0.42mi
708 Henderson St Temple, TX	3.0	2.0	1090	$1,025	$0.94	14d	1	0.42mi
509 S 16th St Temple, TX	3.0	2.0	1090	$1,065	$0.98	14d	1	0.43mi
505 S 16th St Temple, TX	3.0	2.0	1090	$1,070	$0.98	14d	1	0.43mi
703 S 16th St Temple, TX	3.0	2.0	1090	$1,035	$0.95	14d	1	0.44mi
1115 S #B S Terrace ST Unit Terrace St unit 1115 B Temple, TX	3.0	2.5	1355	$1,435	$1.06	44d	1	0.52mi
701 East Avenue A Unit A Temple, TX	3.0	2.0	1090	$1,349	$1.24	14d	1	0.58mi
1218 S 26th St Unit A Temple, TX	3.0	1.0	900	$850	$0.94	24d	1	0.58mi
218 Dolphin Dr Unit 218 A Dolphin Temple, TX	3.0	2.0	1379	$1,350	$0.98	14d	1	0.59mi
110 Dolphin Dr Unit A Temple, TX	3.0	2.0	1378	$1,350	$0.98	14d	1	0.60mi
222 Dolphin Dr Unit 222 A Dolphin Temple, TX	3.0	3.0	1455	$1,450	$1.00	14d	1	0.60mi
226 Dolphin Dr Unit 226 A Dolphin Temple, TX	3.0	3.0	1455	$1,450	$1.00	14d	1	0.61mi
121 Dolphin Dr Unit 121 A Dolphin Temple, TX	3.0	2.0	1379	$1,350	$0.98	14d	1	0.61mi
234 Dolphin Dr Unit 234 A Dolphin Temple, TX	3.0	2.0	1379	$1,350	$0.98	14d	1	0.62mi
117 Dolphin Dr Unit 117 A Dolphin Temple, TX	3.0	2.0	1379	$1,350	$0.98	14d	1	0.62mi
103 Dolphin Dr Unit B Temple, TX	3.0	2.0	1373	$1,550	$1.13	44d	1	0.64mi
306 Dolphin Dr Unit 306 A Dolphin Temple, TX	3.0	2.0	1379	$1,350	$0.98	14d	1	0.64mi
2310 Ocean Ave Unit A Temple, TX	3.0	2.0	1300	$1,425	$1.10	44d	1	0.67mi
2321 Ocean Ave Unit B Temple, TX	3.0	2.0	1310	$1,400	$1.07	44d	1	0.68mi
2321 Ocean Ave Unit B Temple, TX	3.0	2.0	1310	$1,400	$1.07	14d	1	0.68mi
2322 Ocean Ave Temple, TX	3.0	2.0	1300	$1,495	$1.15	14d	1	0.70mi
1020 S 12th St Unit 12th St unit 1020 A Temple, TX	3.0	2.5	1355	$1,475	$1.09	44d	1	0.72mi
15 S 10th St Temple, TX	3.0	1.0	916	$950	$1.04	44d	1	0.72mi
307 Riptide Rd Temple, TX	3.0	2.0	1400	$1,500	$1.07	14d	1	0.72mi
215 Riptide Rd Unit A Temple, TX	3.0	2.0	1345	$1,400	$1.04	44d	1	0.73mi
814 S Martin Luther King Blvd Temple, TX	3.0	2.0	1035	$1,100	$1.06	14d	1	0.76mi
101 Riptide Rd Temple, TX	3.0	2.0	1310	$1,495	$1.14	21d	1	0.76mi

Listing history 15 events

1. 2026-06-18
   days on market $120,000 Active 52 DOM
2. 2026-06-17
   days on market $120,000 Active 51 DOM
3. 2026-06-16
   days on market $120,000 Active 50 DOM
4. 2026-06-15
   days on market $120,000 Active 49 DOM
5. 2026-06-14
   days on market $120,000 Active 47 DOM
6. 2026-06-10
   days on market $120,000 Active 44 DOM
7. 2026-06-09
   days on market $120,000 Active 43 DOM
8. 2026-06-08
   days on market $120,000 Active 42 DOM
9. 2026-06-07
   days on market $120,000 Active 41 DOM
10. 2026-06-03
    days on market $120,000 Active 37 DOM
11. 2026-06-02
    days on market $120,000 Active 36 DOM
12. 2026-06-01
    days on market $120,000 Active 35 DOM
13. 2026-05-31
    days on market $120,000 Active 34 DOM
14. 2026-05-30
    days on market $120,000 Active 33 DOM
15. 2026-04-27
    listed $120,000 Active 271-char remark

ⓘ 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: $3,922 · $327/mo
• Projected year-2 tax: $3,922 · $327/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 6 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 76% 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: $15,753
• − Mortgage interest: −$6,722
• − Property taxes: −$3,922
• − Insurance: −$600
• − Repairs & maintenance: −$1,260
• − Management: −$1,260
• − Depreciation: −$3,491
• Taxable loss: −$1,502
• Est. tax savings @ 24.0%: +$361
• After-tax cash flow: $732/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: Temple ISD
• NCES district ID: 4842330
• Math proficiency: 32% ▼ -8.00%
• Reading proficiency: 31% ▼ -4.00%
• Median HH income: $43,120
• Composite: 26.8/100
• National rank: #7123
• State rank: #590 of 826 in TX

Livability — Temple

• Score: 75/100
• State rank: #122
• US rank: #3814

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Temple, TX
• County: Bell County · 345,090 people
• City population: 96,587
• Metro: Killeen-Temple, TX
• Population (ZIP): 17,752
• Household income: $62,532
• Rent vs Own: 36.1% rent · 63.9% own
• Severe rent burden: 466.0

Population outlook (Bell County) Hauer SSP2

• Today (2025): 371,114 people
• By 2030: 389,104 · +4.8%
• By 2040: 420,592 · +13.3%
• By 2050: 447,779 · +20.7%
• By 2075: 499,130 · +34.5%
• By 2100: 505,680 · +36.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 42% Hispanic / Latino 36% Two or more races 18% Black 17% Native American 2%
• Hispanic origin (detail): Mexican 31% Puerto Rican 2%
• Common ancestry: Romanian 3% Italian 2% Slovak 1%
• Foreign-born: 6% · Canada
• Languages at home: 79% English-only · Spanish 20%

Political lean MEDSL · Bell

• 2024 margin: R (+16.2) · D 41.3% · R 57.6% · Other 1.1%
• 2008→2024 swing: -6.5pp toward R · 2008: -9.8pp · 2024: -16.2pp
• All cycles: 2024: R+16.2 2020: R+8.5 2016: R+15.1 2012: R+16.4 2008: R+9.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -113.09%
• Current HPI: 177.0555
• Rent YoY: ▲ 3.44%
• Metro: Killeen-Temple, 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

1 event — show timeline

• 2026-04-27 Listed $120,000 CTXMLS

Property tax history

+11.8%/yr

Latest (2026): $3,922 · +113.9% YoY. Source: county tax records.