127 N Floyd Ave · Tulia, TX 79088

$89,000

3 bd · 2.0 ba · 1,538 sqft · SingleFamily public records · 358 Days on market

Built 1965 0.37 ac lot $58/sqft · 57% below area

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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 +15.5/30.0
• ARV discount +7.5/15.0
• 1% rule +5.8/10.0
• Appreciation +5.6/10.0
• DSCR +4.8/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0

Listing remarks MLS

Check out this beautiful home in Tulia, TX. The home features 1538 square feet of living space with 3 bedrooms and 1.5 bathrooms. Home sits on a huge . 37 acre lot! The home is currently leased on a month-to-month basis. Keep the renters as an investment property or make this your forever home under the big west texas sky. Listing agent is the seller.

Key facts

• Huge .37 acre lot
• 0.37 acre lot
• Built 1965

Tags

• HUGE .37 ACRE LOT

🏷️ Possibly a rental listed for sale. The $89,000 price doesn't fit this home's estimated sale value (~$206,127) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $89k.

Deal economics

• At list price, monthly cash flow is $36 ($432/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($963 rent vs $89k).
• Recommended offer: $78k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 56/100 on livability (#1,297 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: schools F, crime D-, amenities F.
• Tulia ISD (town): math 22% / reading 21% proficiency, ranked #768 of 826 in TX (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 47 active listings in the ZIP.

Forward outlook

• In year one you build about $2k of equity ($615 loan paydown + $1k appreciation (1.3% local appreciation)).
• Swisher County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (1.3% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 358 days — a 12% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 13y 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: property tax is 3.0% of price.
• Climate carrying-cost: severe wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $78,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 358 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 1.08% ✓
• Cap rate: 6.78%
• Cash-on-cash: 1.73%
• DSCR: 1.08
• GRM: 7.7

CMA / ARV

• ARV (median comp): $206,127
• List price: $89,000
• Delta: -56.82%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
320 N Briscoe Ave	0.37mi	3/1.0	1,494 (-3%)	16mo	$39,900	$27	60

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

1.26% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 4.0%
• Equity multiple: 1.21×
• Total profit: $5,158
• Equity at exit: $31,575

10-year hold

• IRR: 8.3%
• Equity multiple: 2.04×
• Total profit: $25,882
• Equity at exit: $42,897

Cash invested: $24,920 (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 79088

• Home prices YoY: 0.8%
• Active inventory: 47
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $963 medium
• Mortgage (P&I): −$467
• Tax from tax record: −$221 /mo · $2,651/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$202
• Net cashflow: $36

Break-even live

Break-even rent $917

Max offer price $89,000

Occupancy floor 91%

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: $22,250
• Closing costs: $2,670
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-18
   days on market $89,000 Active 358 DOM
2. 2026-06-17
   days on market $89,000 Active 357 DOM
3. 2026-06-16
   days on market $89,000 Active 356 DOM
4. 2026-06-15
   days on market $89,000 Active 355 DOM
5. 2026-06-15
   days on market $89,000 Active 354 DOM
6. 2026-06-13
   days on market $89,000 Active 353 DOM
7. 2026-06-12
   days on market $89,000 Active 352 DOM
8. 2026-06-09
   days on market $89,000 Active 349 DOM
9. 2026-06-08
   days on market $89,000 Active 348 DOM
10. 2026-06-08
    days on market $89,000 Active 347 DOM
11. 2026-06-07
    days on market $89,000 Active 346 DOM
12. 2026-06-03
    days on market $89,000 Active 343 DOM
13. 2026-06-02
    days on market $89,000 Active 342 DOM
14. 2026-06-01
    days on market $89,000 Active 341 DOM
15. 2026-05-31
    days on market $89,000 Active 340 DOM
16. 2026-04-02
    soldstatus
17. 2025-06-26
    listed $89,000 Active 353-char remark

    Show marketing remark (353 chars)

    Check out this beautiful home in Tulia, TX. The home features 1538 square feet of living space with 3 bedrooms and 1.5 bathrooms. Home sits on a huge . 37 acre lot! The home is currently leased on a month-to-month basis. Keep the renters as an investment property or make this your forever home under the big west texas sky. Listing agent is the seller.

18. 2024-12-11
    soldstatus
19. 2024-03-20
    listed Active Under Contract
20. 2024-03-20
    price $89,500
21. 2023-09-12
    listed $89,500 Active
22. 2023-04-10
    soldstatus
23. 2023-03-31
    listed $97,500
24. 2013-06-28
    listed $53,900

ⓘ 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: $2,651 · $221/mo
• Projected year-2 tax: $2,651 · $221/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 0% chance over 30 yrs
• 🔥 Wildfire 8/10 Severe
• 🌡 Heat 4/10 Moderate 6 d/yr ≥98°F today · 15 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: $11,555
• − Mortgage interest: −$4,985
• − Property taxes: −$2,651
• − Insurance: −$445
• − Repairs & maintenance: −$924
• − Management: −$924
• − Depreciation: −$2,589
• Taxable loss: −$964
• Est. tax savings @ 24.0%: +$231
• After-tax cash flow: $663/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: Tulia ISD
• NCES district ID: 4843320
• Math proficiency: 22% ▼ -9.00%
• Reading proficiency: 21% ▼ -6.00%
• Median HH income: $36,346
• Composite: 17.86/100
• National rank: #9004
• State rank: #768 of 826 in TX

Livability — Tulia

• Score: 56/100
• State rank: #1297
• US rank: #22536

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tulia, TX
• Population (ZIP): 5,315

Population outlook (Swisher County) Hauer SSP2

• Today (2025): 7,108 people
• By 2030: 6,928 · -2.5%
• By 2040: 6,468 · -9.0%
• By 2050: 6,017 · -15.3%
• By 2075: 4,875 · -31.4%
• By 2100: 3,447 · -51.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: Hispanic / Latino 45% White 39% Two or more races 16% Black 10%
• Hispanic origin (detail): Mexican 39%
• Common ancestry: Romanian 1% Slovak 1%
• Foreign-born: 9% · Canada
• Languages at home: 71% English-only · Spanish 29%

Political lean MEDSL · Swisher

• 2024 margin: Solid R (+63.5) · D 17.8% · R 81.2%
• 2008→2024 swing: -29.1pp toward R · 2008: -34.3pp · 2024: -63.5pp
• All cycles: 2024: R+63.5 2020: R+58.0 2016: R+55.2 2012: R+47.5 2008: R+34.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.26%
• Current HPI: 158.3302
• 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

+65.1% since first listed

9 events — show timeline

• 2026-04-02 Sold (Public Records) — Public Records
• 2025-06-26 Listed $89,000 PARMLS
• 2024-12-11 Sold (Public Records) — Public Records
• 2024-03-20 Listed — PARMLS
• 2024-03-20 Price Changed $89,500 PARMLS
• 2023-09-12 Listed $89,500 PARMLS
• 2023-04-10 Sold (Public Records) — Public Records
• 2023-03-31 Listed $97,500 PARMLS
• 2013-06-28 Listed $53,900 PARMLS

Property tax history

+9.1%/yr

Latest (2025): $2,651 · +9.5% YoY. Source: county tax records.