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1324 W Morton St
B+ Composite 79.56
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
  • DSCR +10.0/10.0
  • 1% rule +9.6/10.0
  • Schools +4.8/10.0
  • Condition / age +4.0/5.0
  • Livability +3.7/5.0
  • Rent growth +2.5/5.0
  • Appreciation +0.0/10.0

$99,900

1324 W Morton St · Denison, TX 75020
3 bd · 1.0 ba · 1,020 sqft · SingleFamily public records · 2 Days on market
Built 1925 Good condition 7,492 sqft lot $98/sqft · 43% below area Est $176k · 43% under ↓ 44% since listing

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

Listing remarks

MOTIVATED SELLER! Investor opportunity in the heart of Denison, TX! This property offers strong potential as a fix-and-flip, buy-and-hold rental, or value-add investment in one of North Texas' fastest-growing markets. Conveniently located just minutes from shopping, restaurants, schools, and local amenities, the location is ideal for attracting future tenants or resale buyers. The home features a functional floor plan with a spacious living area, generous room sizes, abundant natural light, and durable vinyl plank flooring throughout.

Key facts

  • Spacious living area
  • Large backyard
  • Conveniently located

Tags

CONVENIENTLY LOCATEDSPACIOUS LIVING AREAABUNDANT NATURAL LIGHTDURABLE VINYL PLANK FLOORINGLARGE BACKYARD

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 3-bed/1.0-bath single-family listed at $100k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $438 ($5k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $100k).
  • Cap rate 11.5% vs local median 4.0% in Denison — 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 (#221 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: health & safety D+, amenities F, commute F.
  • Denison ISD (urban): math 43% / reading 44% proficiency, ranked #315 of 826 in TX (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Terrell El (math 52% / reading 47%, grade D, #865 of 4,322 statewide, top 21%, 350 students, 76% FRL); Henry Scott Middle (math 36% / reading 48%, grade D-, #572 of 1,662 statewide, top 36%, 749 students, 66% FRL); Denison H S (math 53% / reading 53%, grade C-, #437 of 1,632 statewide, top 27%, 1,310 students, 58% FRL).
  • Market conditions: Rents flat; 592 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 93d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,272 units permitted in Grayson County in 2024 (750 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
  • Grayson County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
  • At projected returns (-3.0% appreciation + 0.1% rent growth), your $28k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

  • Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
  • 4 sale attempts since 3y 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

  • Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
  • Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $99,900

Questions for the listing agent

  1. Built in 1925 — 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
1.46%
Cap rate
11.55%
Cash-on-cash
18.77%
DSCR
1.84
GRM
5.7

CMA / ARV

ARV (median comp)
$175,549
List price
$99,900
Delta
-43.09%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
1221 W Crawford St 0.40mi 3/1.0 1,032 (+1%) 6mo $145,000 $141 74
1320 W Morton St 0.01mi 3/2.0 1,160 (+14%) 5mo $94,900 $82 68
1527 W Gandy St 0.22mi 2/1.0 (-1) 1,120 (+10%) 2mo $69,900 $62 67
816 Leeper Dr 0.51mi 2/1.0 (-1) 1,071 (+5%) 4mo $165,000 $154 60
1200 W Gandy St 0.21mi 2/1.0 (-1) 1,152 (+13%) 7mo $170,000 $148 58
713 W Bond St 0.58mi 3/2.0 1,085 (+6%) 1mo $169,990 $157 58
1131 W Shepherd St 0.69mi 3/1.0 960 (-6%) 4mo $74,900 $78 55
829 W Sears St 0.45mi 2/1.0 (-1) 1,134 (+11%) 4mo $159,000 $140 52
107 S French Ave 0.43mi 2/1.0 (-1) 900 (-12%) 4mo $150,000 $167 52
728 W Walker St 0.55mi 3/2.0 1,148 (+12%) 2mo $189,000 $165 48
916 Leeper Dr 0.56mi 4/2.0 (+1) 1,089 (+7%) 8mo $139,900 $128 47
925 W Nelson St 0.69mi 3/2.0 1,168 (+14%) 2mo $87,500 $75 38

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 · 0.05% rent growth · sell at horizon

5-year hold
IRR
7.1%
Equity multiple
1.27×
Total profit
$7,515
Equity at exit
$14,895
10-year hold
IRR
13.6%
Equity multiple
1.94×
Total profit
$26,327
Equity at exit
$8,638

Cash invested: $27,972 (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
39 active · 12 under contract
Months of supply
11.7 mo (9%/mo absorbed)
Median asking
$159,990 ($157/sqft)
Median days on market
84 d
This list price
10% of active listings are priced below it
ARV vs active asking
+9.8% vs current asking $/sqft

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

ZIP-level market 75020

Rents YoY
0.1%
Active inventory
592
Price-to-rent
5.7×

Monthly cashflow live

Estimated rent
$1,457 high interval (Pro) →
Mortgage (P&I)
$524
Tax from tax record
$148 /mo · $1,773/yr
Insurance
$42
HOA
$0
Vacancy / Maint / Mgmt
$306
Net cashflow
$438

Break-even live

Break-even rent $903
Max offer price $99,900
Occupancy floor 65%

Sensitivity live

Price -10% $494 -5% $466 +0% $438 +5% $409 +10% $381
Rent -10% $322 -5% $380 +0% $438 +5% $495 +10% $553
Rate -1.0pp $488 -0.5pp $463 base $438 +0.5pp $412 +1.0pp $385

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
$24,975
Closing costs
$2,997
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 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
1326 W Sears St Denison, TX 2.0 1.0 1318 $1,350 $1.02 70d 1 0.08mi
1231 W Main St Denison, TX 2.0 1.5 1203 $1,575 $1.31 70d 1 0.28mi
1016 W Gandy St #4 Denison, TX 2.0 1.5 1000 $1,100 $1.10 93d 1 0.34mi
1004 W Gandy St Denison, TX 3.0 1.0 1250 $1,299 $1.04 70d 1 0.36mi
1602 W Elm St Denison, TX 3.0 2.0 1141 $1,495 $1.31 93d 1 0.36mi
1721 W Walker St Denison, TX 2.0 1.0 1322 $1,400 $1.06 93d 1 0.37mi
1703 W Elm St Denison, TX 2.0 1.0 800 $875 $1.09 70d 1 0.43mi
1701 W Elm St Denison, TX 2.0 1.0 800 $900 $1.12 70d 1 0.44mi
1131 W Owing St Denison, TX 3.0 2.0 1135 $1,695 $1.49 93d 1 0.49mi
1731 W Elm St Denison, TX 3.0 2.0 1200 $1,550 $1.29 70d 1 0.51mi
1731 W Elm St Denison, TX 3.0 2.0 1200 $1,575 $1.31 93d 1 0.51mi
1120 W Owing St Denison, TX 3.0 2.0 1090 $1,225 $1.12 70d 1 0.53mi
731 W Morton St Denison, TX 3.0 2.0 1298 $1,500 $1.16 93d 1 0.53mi
1905 W Morton St #20 Denison, TX 2.0 1.5 1008 $1,250 $1.24 93d 1 0.54mi
731 W Bond St Denison, TX 3.0 2.0 1297 $1,595 $1.23 70d 1 0.54mi
727 W Johnson St Unit A Denison, TX 3.0 2.5 1238 $1,450 $1.17 93d 1 0.59mi
820 W Crawford St Denison, TX 2.0 1.0 996 $1,250 $1.26 70d 1 0.63mi
715 W Chestnut St Denison, TX 2.0 2.0 1273 $1,300 $1.02 93d 1 0.66mi
617 W Gandy St Unit 3 Denison, TX 2.0 2.0 750 $1,200 $1.60 93d 1 0.66mi
626 W Chestnut St Denison, TX 2.0 1.0 1132 $1,300 $1.15 70d 1 0.73mi
527 W Walker St Denison, TX 3.0 2.0 1300 $1,675 $1.29 93d 1 0.73mi
613 W Elm St Unit 613 Denison, TX 3.0 2.0 1375 $1,525 $1.11 93d 1 0.73mi
1311 W Day St Denison, TX 2.0 1.0 1188 $1,050 $0.88 70d 1 0.75mi
1022 W Shepherd St #1022 Denison, TX 3.0 2.5 1322 $1,450 $1.10 70d 1 0.76mi
626 W Crawford St Unit 101 Denison, TX 2.0 2.0 950 $950 $1.00 70d 1 0.76mi
610 W Owing St Denison, TX 3.0 2.0 1108 $1,395 $1.26 93d 1 0.83mi
921 W Day St Denison, TX 3.0 2.0 1212 $1,500 $1.24 93d 1 0.84mi
1829 Ridgewood Rd Denison, TX 3.0 1.0 1040 $1,100 $1.06 93d 1 0.85mi
410 S Mirick Ave Denison, TX 3.0 2.0 1100 $1,300 $1.18 93d 1 0.88mi
320 W Bond St Denison, TX 3.0 2.0 1278 $1,500 $1.17 93d 1 0.91mi
411 S Fannin Ave #411 Denison, TX 3.0 2.5 1322 $1,450 $1.10 70d 1 0.93mi
102 Lum Ln Unit 101 Denison, TX 3.0 2.0 1158 $1,600 $1.38 93d 1 0.94mi
1011 S Perry Ave Denison, TX 2.0 2.0 1079 $1,350 $1.25 93d 1 0.97mi
514 N Rusk Ave Unit 516 Denison, TX 3.0 2.0 1173 $1,375 $1.17 70d 1 0.98mi
514 N Rusk Ave Denison, TX 3.0 2.0 1173 $1,450 $1.24 93d 1 0.98mi
226 W Bond St Unit 224 Denison, TX 3.0 2.5 1294 $1,375 $1.06 93d 1 0.99mi
224 W Bond St Denison, TX 3.0 2.5 1294 $1,375 $1.06 93d 1 0.99mi
1011 S Armstrong Ave Unit A Denison, TX 2.0 1.0 1400 $1,500 $1.07 93d 1 1.08mi
818 W Texas St Denison, TX 3.0 1.0 720 $1,100 $1.53 70d 1 1.10mi
526 W Munson St Unit 2 Denison, TX 2.0 1.0 778 $999 $1.28 93d 1 1.11mi

Property features AI

Finance

Other
Property type: Residential — Single Family ResidenceParcel number 141596County: Grayson
Financial info
Treat as clear loan handlingNo second mortgageReal estate owned (special listing condition)
HOA & community
No association

Exterior

Parking
Off-site parking
Utilities
City sewerCity waterElectricity availableNot in a municipal utility district
Home design
Single-family residenceOne storyResidential property
Construction
Siding exteriorPillar/post/pier foundationBuilt in 1925
Exterior features
Lot under 0.5 acre (approximately 0.172 acre)Subdivision: Millers 2nd Add

Interior

Kitchen
Electric range
Bedrooms
Three bedrooms (all on the main level)
Flooring
Luxury vinyl plank flooring
Bathrooms
One full bathroom
Interior features
Six total roomsOne living areaOne dining areaOther interior features

Listing history 47 events

  1. 2026-08-08
    days on market $99,900 Active 2 DOM
  2. 2026-08-07
    remarks 699-char remark
  3. 2026-08-07
    days on marketlisting id $99,900 Active 1 DOM
  4. 2026-08-03
    days on market $99,900 Active 26 DOM
  5. 2026-07-31
    days on market $99,900 Active 23 DOM
  6. 2026-07-30
    days on market $99,900 Active 22 DOM
  7. 2026-07-29
    days on market $99,900 Active 21 DOM
  8. 2026-07-27
    days on market $99,900 Active 19 DOM
  9. 2026-07-25
    days on market $99,900 Active 17 DOM
  10. 2026-07-24
    days on market $99,900 Active 16 DOM
  11. 2026-07-23
    days on market $99,900 Active 15 DOM
  12. 2026-07-22
    days on market $99,900 Active 14 DOM
  13. 2026-07-21
    days on market $99,900 Active 13 DOM
  14. 2026-07-18
    days on market $99,900 Active 10 DOM
  15. 2026-07-16
    days on market $99,900 Active 8 DOM
  16. 2026-07-16
    days on market $99,900 Active 7 DOM
  17. 2026-07-14
    days on market $99,900 Active 6 DOM
  18. 2026-07-13
    days on market $99,900 Active 5 DOM
  19. 2026-07-12
    days on market $99,900 Active 4 DOM
  20. 2026-07-11
    days on market $99,900 Active 3 DOM
  21. 2026-07-10
    days on market $99,900 Active 2 DOM
  22. 2026-07-09
    days on marketlisting id $99,900 Active 1 DOM
  23. 2026-06-17
    days on market $99,900 Active 169 DOM
  24. 2026-06-16
    days on market $99,900 Active 168 DOM
  25. 2026-06-15
    days on market $99,900 Active 167 DOM
  26. 2026-06-14
    days on market $99,900 Active 165 DOM
  27. 2026-06-13
    days on market $99,900 Active 164 DOM
  28. 2026-06-10
    days on market $99,900 Active 162 DOM
  29. 2026-06-09
    days on market $99,900 Active 161 DOM
  30. 2026-06-08
    days on market $99,900 Active 160 DOM
  31. 2026-06-07
    days on market $99,900 Active 159 DOM
  32. 2026-06-05
    days on market $99,900 Active 156 DOM
  33. 2026-06-03
    days on market $99,900 Active 155 DOM
  34. 2026-06-02
    days on market $99,900 Active 154 DOM
  35. 2026-06-01
    days on market $99,900 Active 153 DOM
  36. 2026-05-31
    days on market $99,900 Active 152 DOM
  37. 2026-05-30
    days on market $99,900 Active 151 DOM
  38. 2026-04-28
    price $99,900 472-char remark
  39. 2026-03-27
    status Active 472-char remark
  40. 2026-03-18
    status Pending 472-char remark
  41. 2026-02-16
    price $109,900 472-char remark
  42. 2025-12-18
    listed $117,900 Active 472-char remark
  43. 2025-10-27
    soldstatus $1,461,503
  44. 2023-06-15
    historical
  45. 2023-05-25
    price $171,000
  46. 2023-04-28
    listed $179,000 Active
  47. 2007-05-03
    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
$1,773 · $148/mo
Projected year-2 tax
$1,828 · $152/mo
Expected delta
+$55/yr (+$5/mo · 3.1%)

ⓘ 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 6/10 Major 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
  • 💨 Wind 4/10 Moderate 20% chance of damaging wind over 30 yrs
  • 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$17,481
− Mortgage interest
−$5,596
− Property taxes
−$1,773
− Insurance
−$500
− Repairs & maintenance
−$1,398
− Management
−$1,398
− Depreciation
−$2,906
Taxable income
$3,909
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$938
After-tax cash flow
$4,312/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 · 9 photos

Good 80/100 Cosmetic rehab Est. rehab $5,100–$15,300 screening

This single-family home in Denison, TX is in good condition with modern updates and a good curb appeal. It's an excellent investment opportunity in a growing area.

Value-add opportunities

  • Resale paint exterior — enhances curb appeal
  • Resale trim around windows — improves home's appearance
  • Both install new air conditioning units — improves comfort and energy efficiency

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 48/100

Zoned Schools

Elementary Terrell El D TX #865/4,322 Nat'l #12,785/41,679 Middle Henry Scott Middle D- TX #572/1,662 Nat'l #5,398/14,009 High Denison H S C- TX #437/1,632 Nat'l #4,893/17,239

Schools (NCES district)

District
Denison ISD
NCES district ID
4816710
Math proficiency
43% ▼ -7.00%
Reading proficiency
44% ▼ -3.00%
Median HH income
$41,650
Composite
36.6/100
National rank
#4629
State rank
#315 of 826 in TX
B Composite livability gradescore 73/100

Livability — Denison

Score
73/100
State rank
#221
US rank
#5428

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Denison, TX
County
Grayson County · 134,540 people
City population
34,008
Metro
Sherman-Denison, TX
Population (ZIP)
24,835
Household income
$71,605
Rent vs Own
41.3% rent · 58.7% own
Severe rent burden
8% of renters

Population outlook (Grayson County) Hauer SSP2

Today (2025)
134,540 people
By 2030
138,653 · +3.1%
By 2040
145,958 · +8.5%
By 2050
151,218 · +12.4%
By 2075
161,802 · +20.3%
By 2100
159,036 · +18.2%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (73%)
Race & ethnicity
White 73% Hispanic / Latino 13% Two or more races 9% Black 6%
Hispanic origin (detail)
Mexican 11%
Common ancestry
Slovak 5% Serbian 2% Portuguese 2%
Foreign-born
4% · Canada
Languages at home
93% English-only · Spanish 6%

Political lean MEDSL · Grayson

2024 margin
Solid R (+54.3) · D 22.5% · R 76.7%
2008→2024 swing
-16.4pp toward R · 2008: -37.9pp · 2024: -54.3pp
All cycles
2024: R+54.3 2020: R+49.9 2016: R+53.1 2012: R+48.0 2008: R+37.9

Not yet ingested

Civics

Price history

-44.2% since first listed
12 events — show timeline
  • 2026-06-30 Listed $99,900 NTREIS
  • 2026-06-17 Listing Removed NTREIS
  • 2026-04-28 Price Changed $99,900 NTREIS
  • 2026-03-27 Relisted NTREIS
  • 2026-03-18 Pending NTREIS
  • 2026-02-16 Price Changed $109,900 NTREIS
  • 2025-12-18 Listed $117,900 NTREIS
  • 2025-10-27 Sold (Public Records) $1,461,503 Public Records
  • 2023-06-15 Listing Removed NTREIS
  • 2023-05-25 Price Changed $171,000 NTREIS
  • 2023-04-28 Listed $179,000 NTREIS
  • 2007-05-03 Sold (Public Records) Public Records

Property tax history

+4.3%/yr

Latest (2025): $1,773 · -5.4% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…