1708 Texas Dr · Glen Rose, TX 76043

$233,500

3 bd · 2.0 ba · 2,410 sqft · SingleFamily public records · 29 Days on market

Built 2001 0.66 ac lot Est $427k · 45% 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).

• Cash flow +19.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.1/10.0
• 1% rule +5.7/10.0
• Schools +4.6/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

WOW! Great custom 2 story beautifully refreshed with paint, carpet and stainless steel appliances!! This home offers a large living area that opens up to a sparkling pool and a fantastic view! Master bedroom is located downstairs with 2 additional bedrooms, full bath and another huge living area upstairs. Side entry garage with lots of room for additional parking and sits on over a half acre lot!! This is a Fannie Mae Homepath property.

Key facts

• 0.66 acre lot
• 2 garage spots
• Built 2001

Property features AI

Exterior

• Parking: 2-car garage; Garage parking
• Utilities: Public water
• Home design: Residential property; Built in 2001; Slab foundation
• Construction: Brick and wood siding exterior; Composition roof
• Exterior features: Subdivision lot

Interior

• Bedrooms: First-floor bedroom (11 x 13); First-floor bedroom (10 x 12); First-floor bedroom (12 x 11)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: 3 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $234k.

Deal economics

• At list price, monthly cash flow is $256 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $234k).
• Recommended offer: $230k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 2.9% in Glen Rose — 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 73/100 on livability (#231 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety D+, amenities F, commute F.
• Glen Rose ISD (rural): math 51% / reading 56% proficiency, ranked #126 of 826 in TX (top 15%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Glen Rose El (476 students, 52% FRL); Glen Rose J H School (math 44% / reading 49%, grade D+, #443 of 1,662 statewide, top 28%, 463 students, 41% FRL); Glen Rose H S (math 57% / reading 67%, grade B-, #237 of 1,632 statewide, top 16%, 587 students, 34% FRL) — zoned schools at 42% FRL track the district average.
• Market conditions: 150 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 43 units permitted in Somervell County in 2024 (10 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Somervell County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($230k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 19y 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.

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 $229,997 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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.
3. 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.
4. 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: 1.07% ✓
• Cap rate: 7.61%
• Cash-on-cash: 4.69%
• DSCR: 1.21
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $426,570
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1708 Texas Dr	0.00mi	3/2.0	2,410 (0%)	1mo	$233,500	$97	100
100 Mesa Dr	0.30mi	4/2.0 (+1)	2,435 (+1%)	6mo	$392,000	$161	74
168 Valley Vw	0.51mi	3/2.0	2,431 (+1%)	1mo	$415,000	$171	74
144 Valley Vw	0.62mi	3/2.0	2,340 (-3%)	1mo	$525,000	$224	66
124 Mesa Dr	0.16mi	3/2.0	2,049 (-15%)	7mo	$355,000	$173	62
125 Camelot St	0.30mi	3/2.0	2,048 (-15%)	1mo	$379,000	$185	60
102 Skyline Dr	0.49mi	3/2.0	2,190 (-9%)	2mo	$440,000	$201	60
119 Mesa Dr	0.17mi	4/2.0 (+1)	2,078 (-14%)	7mo	$356,028	$171	58
137 Mesa Dr	0.14mi	4/2.0 (+1)	2,078 (-14%)	9mo	$367,990	$177	58
113 King Arthur Ct	0.30mi	4/2.0 (+1)	2,075 (-14%)	3mo	$360,000	$173	55
106 Skyline Dr	0.52mi	3/2.0	2,100 (-13%)	9mo	$435,000	$207	47
1111 College Ave	0.74mi	4/3.5 (+1)	2,368 (-2%)	8mo	$495,000	$209	46

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: -8.9%
• Equity multiple: 0.67×
• Total profit: $-21,453
• Equity at exit: $34,816

10-year hold

• IRR: 0.6%
• Equity multiple: 1.04×
• Total profit: $2,700
• Equity at exit: $20,189

Cash invested: $65,380 (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 76043

• Home prices YoY: -24.2%
• Active inventory: 150
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,499 medium
• Mortgage (P&I): −$1,224
• Tax from tax record: −$397 /mo · $4,762/yr
• Insurance: −$97
• HOA: −$0
• Vacancy / Maint / Mgmt: −$525
• Net cashflow: $256

Break-even live

Break-even rent $2,175

Max offer price $233,500

Occupancy floor 85%

Sensitivity live

Price	-10% $388	-5% $322	+0% $256	+5% $190	+10% $123
Rent	-10% $58	-5% $157	+0% $256	+5% $354	+10% $453
Rate	-1.0pp $373	-0.5pp $315	base $256	+0.5pp $195	+1.0pp $134

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: $58,375
• Closing costs: $7,005
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
101 Mesa Dr Glen Rose, TX	4.0	2.0	2076	$2,545	$1.23	45d	1	0.30mi
1043 County Road 327 Glen Rose, TX	3.0	2.0	1900	$2,300	$1.21	45d	1	1.17mi

Listing history 37 events

1. 2026-04-29
   status Pending
2. 2026-03-31
   listed $233,500 Active
3. 2019-01-07
   soldstatus Sold 442-char remark

   Show marketing remark (442 chars)

   WOW! Great custom 2 story beautifully refreshed with paint, carpet and stainless steel appliances!! This home offers a large living area that opens up to a sparkling pool and a fantastic view! Master bedroom is located downstairs with 2 additional bedrooms, full bath and another huge living area upstairs. Side entry garage with lots of room for additional parking and sits on over a half acre lot!! This is a Fannie Mae Homepath property.

4. 2018-12-06
   status Pending 442-char remark

   Show marketing remark (442 chars)

   WOW! Great custom 2 story beautifully refreshed with paint, carpet and stainless steel appliances!! This home offers a large living area that opens up to a sparkling pool and a fantastic view! Master bedroom is located downstairs with 2 additional bedrooms, full bath and another huge living area upstairs. Side entry garage with lots of room for additional parking and sits on over a half acre lot!! This is a Fannie Mae Homepath property.

5. 2018-11-21
   price $235,000 442-char remark

   Show marketing remark (442 chars)

   WOW! Great custom 2 story beautifully refreshed with paint, carpet and stainless steel appliances!! This home offers a large living area that opens up to a sparkling pool and a fantastic view! Master bedroom is located downstairs with 2 additional bedrooms, full bath and another huge living area upstairs. Side entry garage with lots of room for additional parking and sits on over a half acre lot!! This is a Fannie Mae Homepath property.

6. 2018-11-17
   listed $243,900 Active 442-char remark

   Show marketing remark (442 chars)

   WOW! Great custom 2 story beautifully refreshed with paint, carpet and stainless steel appliances!! This home offers a large living area that opens up to a sparkling pool and a fantastic view! Master bedroom is located downstairs with 2 additional bedrooms, full bath and another huge living area upstairs. Side entry garage with lots of room for additional parking and sits on over a half acre lot!! This is a Fannie Mae Homepath property.

7. 2018-11-14
   historical
8. 2018-10-22
   price $243,900
9. 2018-09-28
   status Active
10. 2018-09-22
    status Pending
11. 2018-09-10
    historical Active Option Contract
12. 2018-08-29
    listed $249,500 Active
13. 2018-02-22
    historical
14. 2018-02-14
    price $219,000
15. 2018-02-01
    price $229,000
16. 2018-01-20
    status Active
17. 2017-12-08
    historical
18. 2017-11-02
    listed $239,000 Active
19. 2015-12-28
    soldstatus
20. 2015-12-28
    soldstatus
21. 2015-12-18
    soldstatus Sold
22. 2015-11-30
    status Pending
23. 2015-11-04
    historical Active Contingent
24. 2015-10-15
    price $239,900
25. 2015-09-24
    listed $244,500 Active
26. 2015-09-11
    historical
27. 2015-06-12
    listed $244,500 Active
28. 2015-06-05
    historical
29. 2015-04-13
    price $250,425
30. 2015-03-14
    listed $263,000 Active
31. 2008-04-22
    soldstatus
32. 2008-04-18
    soldstatus
33. 2008-03-04
    historical
34. 2007-05-18
    listed $189,900
35. 2001-05-01
    soldstatus
36. 2000-03-27
    soldstatus
37. 1997-06-16
    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: $4,762 · $397/mo
• Projected year-2 tax: $4,762 · $397/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 3/10 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

Taxation est. · year 1

• Rental income: $29,989
• − Mortgage interest: −$13,080
• − Property taxes: −$4,762
• − Insurance: −$1,168
• − Repairs & maintenance: −$2,399
• − Management: −$2,399
• − Depreciation: −$6,793
• Taxable loss: −$611
• Est. tax savings @ 24.0%: +$147
• After-tax cash flow: $3,214/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: Glen Rose ISD
• NCES district ID: 4820850
• Math proficiency: 51% ▼ -7.00%
• Reading proficiency: 56% ▼ -3.00%
• Median HH income: $51,084
• Composite: 45.78/100
• National rank: #2565
• State rank: #126 of 826 in TX

Livability — Glen Rose

• Score: 73/100
• State rank: #231
• US rank: #5572

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Glen Rose, TX
• Population (ZIP): 7,286

Population outlook (Somervell County) Hauer SSP2

• Today (2025): 9,445 people
• By 2030: 9,716 · +2.9%
• By 2040: 10,069 · +6.6%
• By 2050: 10,145 · +7.4%
• By 2075: 10,111 · +7.1%
• By 2100: 9,202 · -2.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 23% Two or more races 13% Black 2%
• Hispanic origin (detail): Mexican 22%
• Common ancestry: Slovak 3% Lithuanian 1% Romanian 1%
• Foreign-born: 10% · Canada
• Languages at home: 81% English-only · Spanish 19%

Political lean MEDSL · Somervell

• 2024 margin: Solid R (+70.8) · D 14.2% · R 85.0%
• 2008→2024 swing: -17.6pp toward R · 2008: -53.1pp · 2024: -70.8pp
• All cycles: 2024: R+70.8 2020: R+67.5 2016: R+68.8 2012: R+64.1 2008: R+53.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -65.10%
• Current HPI: 203.3924
• 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

+23.0% since first listed

37 events — show timeline

• 2026-04-29 Pending — HARMLS
• 2026-03-31 Listed $233,500 HARMLS
• 2019-01-07 Sold (MLS) — NTREIS
• 2018-12-06 Pending — NTREIS
• 2018-11-21 Price Changed $235,000 NTREIS
• 2018-11-17 Listed $243,900 NTREIS
• 2018-11-14 Listing Removed — NTREIS
• 2018-10-22 Price Changed $243,900 NTREIS
• 2018-09-28 Relisted — NTREIS
• 2018-09-22 Pending — NTREIS
• 2018-09-10 Contingent — NTREIS
• 2018-08-29 Listed $249,500 NTREIS
• 2018-02-22 Listing Removed — NTREIS
• 2018-02-14 Price Changed $219,000 NTREIS
• 2018-02-01 Price Changed $229,000 NTREIS
• 2018-01-20 Relisted — NTREIS
• 2017-12-08 Listing Removed — NTREIS
• 2017-11-02 Listed $239,000 NTREIS
• 2015-12-28 Sold (Public Records) — Public Records
• 2015-12-28 Sold (Public Records) — Public Records
• 2015-12-18 Sold (MLS) — NTREIS
• 2015-11-30 Pending — NTREIS
• 2015-11-04 Contingent — NTREIS
• 2015-10-15 Price Changed $239,900 NTREIS
• 2015-09-24 Listed $244,500 NTREIS
• 2015-09-11 Listing Removed — NTREIS
• 2015-06-12 Listed $244,500 NTREIS
• 2015-06-05 Listing Removed — NTREIS
• 2015-04-13 Price Changed $250,425 NTREIS
• 2015-03-14 Listed $263,000 NTREIS
• 2008-04-22 Sold (Public Records) — Public Records
• 2008-04-18 Sold (MLS) — NTREIS
• 2008-03-04 Listing Removed — NTREIS
• 2007-05-18 Listed $189,900 NTREIS
• 2001-05-01 Sold (Public Records) — Public Records
• 2000-03-27 Sold (Public Records) — Public Records
• 1997-06-16 Sold (Public Records) — Public Records

Property tax history

+2.6%/yr

Latest (2025): $4,762 · -1.9% YoY. Source: county tax records.