308 SE 10th · Plainview, TX 79072

$110,000

3 bd · 1.0 ba · 930 sqft · SingleFamily public records · 184 Days on market

6,969 sqft lot

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Why this score? — see what drove the D 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 +14.5/30.0
• ARV discount +7.5/15.0
• 1% rule +4.9/10.0
• DSCR +4.4/10.0
• Livability +3.5/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

CHARMING 3- BEDROOM, 1- BATH HOME FEATURING A FRESH REMODEL AND 930 SQ FT OF WELL-DESIGNED LIVING SPACE. LARGE MASTER BEDROOM, UPDATED INTERIOR, AND A SPACIOUS FENCED-IN BACKYARD PERFECT FOR ENTERTAINING, OR PETS. MOVE-IN READY!!!

Key facts

• Fresh remodel
• 6,969 sq ft lot
• Listed 184 days

Tags

• FRESH REMODEL
• SPACIOUS FENCED-IN BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $24 ($294/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 $109k (0.9% below list).
• Recommended offer: $97k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#393 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime C-, health & safety C-, employment D.
• Plainview ISD (town): math 41% / reading 37% proficiency, ranked #445 of 826 in TX (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Hillcrest El (math 37% / reading 27%); Coronado Middle (math 37% / reading 35%); Plainview H S (math 64% / reading 50%, grade C, #333 of 1,632 statewide, top 22%, 1,442 students, 78% FRL).
• Market conditions: 151 active listings in the ZIP; 13 units permitted in Hale County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Hale County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 184 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 2 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

• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $96,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 184 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 0.99% ✗
• Cap rate: 6.56%
• Cash-on-cash: 0.95%
• DSCR: 1.04
• GRM: 8.4

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: -14.7%
• Equity multiple: 0.47×
• Total profit: $-16,201
• Equity at exit: $16,401

10-year hold

• IRR: -5.9%
• Equity multiple: 0.62×
• Total profit: $-11,842
• Equity at exit: $9,511

Cash invested: $30,800 (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 79072

• Active inventory: 151
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,090 medium
• Mortgage (P&I): −$577
• Tax from tax record: −$214 /mo · $2,566/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$229
• Net cashflow: $24

Break-even live

Break-even rent $1,059

Max offer price $110,000

Occupancy floor 93%

Sensitivity live

Price	-10% $87	-5% $56	+0% $24	+5% $-7	+10% $-38
Rent	-10% $-62	-5% $-19	+0% $24	+5% $68	+10% $111
Rate	-1.0pp $80	-0.5pp $52	base $24	+0.5pp $-4	+1.0pp $-33

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-21
   days on market $110,000 Active 184 DOM
2. 2026-06-19
   days on market $110,000 Active 182 DOM
3. 2026-06-18
   days on market $110,000 Active 181 DOM
4. 2026-06-17
   days on market $110,000 Active 180 DOM
5. 2026-06-16
   days on market $110,000 Active 179 DOM
6. 2026-06-15
   days on market $110,000 Active 178 DOM
7. 2026-06-14
   days on market $110,000 Active 176 DOM
8. 2026-06-12
   days on market $110,000 Active 175 DOM
9. 2026-06-09
   days on market $110,000 Active 172 DOM
10. 2026-06-08
    days on market $110,000 Active 171 DOM
11. 2026-06-07
    days on market $110,000 Active 170 DOM
12. 2026-06-07
    days on market $110,000 Active 169 DOM
13. 2026-06-03
    days on market $110,000 Active 166 DOM
14. 2026-06-02
    days on market $110,000 Active 165 DOM
15. 2026-06-01
    days on market $110,000 Active 164 DOM
16. 2026-05-31
    days on market $110,000 Active 163 DOM
17. 2026-05-30
    days on market $110,000 Active 162 DOM
18. 2025-12-19
    listed $110,000 Active 230-char remark

    Show marketing remark (230 chars)

    CHARMING 3- BEDROOM, 1- BATH HOME FEATURING A FRESH REMODEL AND 930 SQ FT OF WELL-DESIGNED LIVING SPACE. LARGE MASTER BEDROOM, UPDATED INTERIOR, AND A SPACIOUS FENCED-IN BACKYARD PERFECT FOR ENTERTAINING, OR PETS. MOVE-IN READY!!!

19. 2023-06-20
    soldstatus
20. 2023-06-16
    soldstatus 254-char remark

    Show marketing remark (254 chars)

    ADORABLE 3 BEDROOM, 1 BATH, HUGE FENCED IN BACK YARD, AND REMODELED PROPERTY, IS NOW UP FOR SALE!! LOCATED SOUTH OF PLAINVIEW, AND READY TO BE SOMEONE'S STARTER HOME, OR RENTAL PROPERTY. CONTACT ME ASAP FOR A PRIVATE VIEWING, DON'T MISS OUT ON THIS ONE!!

21. 2023-02-28
    listed $110,000 254-char remark

    Show marketing remark (254 chars)

    ADORABLE 3 BEDROOM, 1 BATH, HUGE FENCED IN BACK YARD, AND REMODELED PROPERTY, IS NOW UP FOR SALE!! LOCATED SOUTH OF PLAINVIEW, AND READY TO BE SOMEONE'S STARTER HOME, OR RENTAL PROPERTY. CONTACT ME ASAP FOR A PRIVATE VIEWING, DON'T MISS OUT ON THIS ONE!!

22. 2010-08-17
    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: $2,566 · $214/mo
• Projected year-2 tax: $2,566 · $214/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 5/10 Major 7 d/yr ≥99°F today · 22 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,079
• − Mortgage interest: −$6,162
• − Property taxes: −$2,566
• − Insurance: −$550
• − Repairs & maintenance: −$1,046
• − Management: −$1,046
• − Depreciation: −$3,200
• Taxable loss: −$1,492
• Est. tax savings @ 24.0%: +$358
• After-tax cash flow: $652/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: Plainview ISD
• NCES district ID: 4835070
• Math proficiency: 41% ▼ -3.00%
• Reading proficiency: 37% ▲ 1.00%
• Median HH income: $41,146
• Composite: 32.85/100
• National rank: #5615
• State rank: #445 of 826 in TX

Livability — Plainview

• Score: 69/100
• State rank: #393
• US rank: #8233

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Plainview, TX
• County: Hale County · 25,389 people
• City population: 25,389
• Metro: Plainview, TX
• Population (ZIP): 25,389
• Household income: $47,255
• Rent vs Own: 43.6% rent · 56.4% own
• Severe rent burden: 1015.0

Population outlook (Hale County) Hauer SSP2

• Today (2025): 30,851 people
• By 2030: 29,158 · -5.5%
• By 2040: 25,681 · -16.8%
• By 2050: 22,420 · -27.3%
• By 2075: 15,857 · -48.6%
• By 2100: 10,500 · -66.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (63%)
• Race & ethnicity: Hispanic / Latino 63% White 29% Two or more races 19% Black 4% Native American 2%
• Hispanic origin (detail): Mexican 52%
• Common ancestry: Italian 1% Russian 1% Lithuanian 1%
• Foreign-born: 11% · Canada, Jamaica
• Languages at home: 63% English-only · Spanish 36%

Political lean MEDSL · Hale

• 2024 margin: Solid R (+58.0) · D 20.5% · R 78.5%
• 2008→2024 swing: -13.1pp toward R · 2008: -44.9pp · 2024: -58.0pp
• All cycles: 2024: R+58.0 2020: R+51.1 2016: R+48.4 2012: R+47.8 2008: R+44.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -120.38%
• Current HPI: 127.9276
• Rent YoY: —
• Metro: Plainview, 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

+0.0% since first listed

5 events — show timeline

• 2025-12-19 Listed $110,000 PARMLS
• 2023-06-20 Sold (Public Records) — Public Records
• 2023-06-16 Sold (MLS) — PARMLS
• 2023-02-28 Listed $110,000 PARMLS
• 2010-08-17 Sold (Public Records) — Public Records

Property tax history

+10.5%/yr

Latest (2025): $2,566 · -3.0% YoY. Source: county tax records.