305 Hill St · Farmersville, TX 75442

$235,000

4 bd · 2.0 ba · 3,240 sqft · SingleFamily public records · 278 Days on market

Built 1920 1.05 ac lot $73/sqft · 43% below area Est $415k · 43% under ↓ 28% since listing

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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 +15.4/30.0
• ARV discount +15.0/15.0
• DSCR +4.7/10.0
• 1% rule +4.4/10.0
• Schools +3.7/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This turn-of-the-century gem offers four spacious bedrooms and two bathrooms across 3,240 square feet of living space, creating the perfect canvas for your renovation dreams. The established neighborhood setting provides a sense of community and character that's increasingly rare in today's market. Your new home sits on an impressively large lot adorned with magnificent mature trees that offer natural shade and timeless beauty. Garden enthusiasts will appreciate the exceptional potential for cultivating their own outdoor paradise. Inside, original architectural details whisper stories of bygone eras while presenting tremendous opportunities for modern updates. The generous room sizes and thoughtful layout provide flexibility for today's lifestyle needs, whether you envision open-concept living spaces or prefer to maintain the home's traditional charm. The location offers convenient access to quality education, with Farmersville Independent School District Engineering Academy nearby, making this an ideal choice for families prioritizing academic excellence. Recreation opportunities abound with local parks just moments away, perfect for weekend adventures and community events. Walking distance to Historic Downtown Farmersville and the Audie Murphy Trailhead offers unique shopping and outdoor adventures! This property represents more than just a house – it's an opportunity to create something truly special. The combination of substantial square footage, expansive lot size, and established neighborhood setting Whether you're drawn to restoration projects or simply want a home with genuine personality, this treasure awaits your personal touch. The mature landscaping and generous outdoor space provide immediate enjoyment while you plan your interior transformation.

Key facts

• Victorian home
• Large lot
• Local parks

Tags

• VICTORIAN HOME
• ESTABLISHED NEIGHBORHOOD
• LARGE LOT
• MATURE TREES
• ORIGINAL ARCHITECTURAL DETAILS
• LOCAL PARKS

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $89 ($1k/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 $221k (5.9% below list).
• Recommended offer: $207k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.7% vs local median 4.0% in Farmersville — 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 69/100 on livability (#425 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: employment D, amenities F, commute F.
• Farmersville ISD (town): math 38% / reading 47% proficiency, ranked #298 of 826 in TX (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Farmersville Int (math 36% / reading 44%, grade F, #1,514 of 4,322 statewide, top 36%, 598 students, 62% FRL); Farmersville J H (math 42% / reading 46%, grade D, #512 of 1,662 statewide, top 32%, 327 students, 59% FRL); Farmersville H S (math 32% / reading 57%, grade F, #652 of 1,632 statewide, top 43%, 670 students, 53% FRL) — zoned schools average 58% FRL vs 42% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 418 active listings in the ZIP; solid renter incomes; 19,194 units permitted in Collin County in 2024 (3,988 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.
• Collin County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 278 days — a 12% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $90k (28%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $206,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 278 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 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.94% ✗
• Cap rate: 6.75%
• Cash-on-cash: 1.63%
• DSCR: 1.07
• GRM: 8.9

CMA / ARV

• ARV (median comp): $415,038
• List price: $235,000
• Delta: -43.38%
• Verdict: UNDERPRICED
• Comps: 12 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
301 E Santa Fe St	0.09mi	5/3.5 (+1)	3,092 (-5%)	1mo	$499,900	$162	76

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: -13.7%
• Equity multiple: 0.51×
• Total profit: $-32,346
• Equity at exit: $35,039

10-year hold

• IRR: -4.8%
• Equity multiple: 0.69×
• Total profit: $-20,632
• Equity at exit: $20,319

Cash invested: $65,800 (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 75442

• Home prices YoY: -8.3%
• Active inventory: 418
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $2,212 medium
• Mortgage (P&I): −$1,232
• Tax from tax record: −$328 /mo · $3,932/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$464
• Net cashflow: $89

Break-even live

Break-even rent $2,099

Max offer price $235,000

Occupancy floor 91%

Sensitivity live

Price	-10% $222	-5% $156	+0% $89	+5% $23	+10% $-44
Rent	-10% $-86	-5% $2	+0% $89	+5% $177	+10% $264
Rate	-1.0pp $208	-0.5pp $149	base $89	+0.5pp $28	+1.0pp $-34

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-21
   days on market $235,000 Active 278 DOM
2. 2026-06-18
   days on market $235,000 Active 275 DOM
3. 2026-06-17
   days on market $235,000 Active 274 DOM
4. 2026-06-16
   days on market $235,000 Active 273 DOM
5. 2026-06-15
   days on market $235,000 Active 272 DOM
6. 2026-06-13
   days on market $235,000 Active 270 DOM
7. 2026-06-13
   days on market $235,000 Active 269 DOM
8. 2026-06-09
   days on market $235,000 Active 266 DOM
9. 2026-06-08
   days on market $235,000 Active 265 DOM
10. 2026-06-07
    days on market $235,000 Active 264 DOM
11. 2026-06-04
    days on market $235,000 Active 261 DOM
12. 2026-06-03
    days on market $235,000 Active 260 DOM
13. 2026-06-02
    days on market $235,000 Active 259 DOM
14. 2026-06-01
    days on market $235,000 Active 258 DOM
15. 2026-05-31
    days on market $235,000 Active 257 DOM
16. 2026-04-22
    status Active 1795-char remark

    Show marketing remark (1795 chars)

    This turn-of-the-century gem offers four spacious bedrooms and two bathrooms across 3,240 square feet of living space, creating the perfect canvas for your renovation dreams. The established neighborhood setting provides a sense of community and character that's increasingly rare in today's market. Your new home sits on an impressively large lot adorned with magnificent mature trees that offer natural shade and timeless beauty. Garden enthusiasts will appreciate the exceptional potential for cultivating their own outdoor paradise. Inside, original architectural details whisper stories of bygone eras while presenting tremendous opportunities for modern updates. The generous room sizes and thoughtful layout provide flexibility for today's lifestyle needs, whether you envision open-concept living spaces or prefer to maintain the home's traditional charm. The location offers convenient access to quality education, with Farmersville Independent School District Engineering Academy nearby, making this an ideal choice for families prioritizing academic excellence. Recreation opportunities abound with local parks just moments away, perfect for weekend adventures and community events. Walking distance to Historic Downtown Farmersville and the Audie Murphy Trailhead offers unique shopping and outdoor adventures! This property represents more than just a house – it's an opportunity to create something truly special. The combination of substantial square footage, expansive lot size, and established neighborhood setting Whether you're drawn to restoration projects or simply want a home with genuine personality, this treasure awaits your personal touch. The mature landscaping and generous outdoor space provide immediate enjoyment while you plan your interior transformation.

17. 2026-04-13
    historical Active Option Contract 1795-char remark

    Show marketing remark (1795 chars)

    This turn-of-the-century gem offers four spacious bedrooms and two bathrooms across 3,240 square feet of living space, creating the perfect canvas for your renovation dreams. The established neighborhood setting provides a sense of community and character that's increasingly rare in today's market. Your new home sits on an impressively large lot adorned with magnificent mature trees that offer natural shade and timeless beauty. Garden enthusiasts will appreciate the exceptional potential for cultivating their own outdoor paradise. Inside, original architectural details whisper stories of bygone eras while presenting tremendous opportunities for modern updates. The generous room sizes and thoughtful layout provide flexibility for today's lifestyle needs, whether you envision open-concept living spaces or prefer to maintain the home's traditional charm. The location offers convenient access to quality education, with Farmersville Independent School District Engineering Academy nearby, making this an ideal choice for families prioritizing academic excellence. Recreation opportunities abound with local parks just moments away, perfect for weekend adventures and community events. Walking distance to Historic Downtown Farmersville and the Audie Murphy Trailhead offers unique shopping and outdoor adventures! This property represents more than just a house – it's an opportunity to create something truly special. The combination of substantial square footage, expansive lot size, and established neighborhood setting Whether you're drawn to restoration projects or simply want a home with genuine personality, this treasure awaits your personal touch. The mature landscaping and generous outdoor space provide immediate enjoyment while you plan your interior transformation.

18. 2026-04-06
    price $235,000 1795-char remark

    Show marketing remark (1795 chars)

    This turn-of-the-century gem offers four spacious bedrooms and two bathrooms across 3,240 square feet of living space, creating the perfect canvas for your renovation dreams. The established neighborhood setting provides a sense of community and character that's increasingly rare in today's market. Your new home sits on an impressively large lot adorned with magnificent mature trees that offer natural shade and timeless beauty. Garden enthusiasts will appreciate the exceptional potential for cultivating their own outdoor paradise. Inside, original architectural details whisper stories of bygone eras while presenting tremendous opportunities for modern updates. The generous room sizes and thoughtful layout provide flexibility for today's lifestyle needs, whether you envision open-concept living spaces or prefer to maintain the home's traditional charm. The location offers convenient access to quality education, with Farmersville Independent School District Engineering Academy nearby, making this an ideal choice for families prioritizing academic excellence. Recreation opportunities abound with local parks just moments away, perfect for weekend adventures and community events. Walking distance to Historic Downtown Farmersville and the Audie Murphy Trailhead offers unique shopping and outdoor adventures! This property represents more than just a house – it's an opportunity to create something truly special. The combination of substantial square footage, expansive lot size, and established neighborhood setting Whether you're drawn to restoration projects or simply want a home with genuine personality, this treasure awaits your personal touch. The mature landscaping and generous outdoor space provide immediate enjoyment while you plan your interior transformation.

19. 2026-02-02
    price $280,000 1795-char remark

    Show marketing remark (1795 chars)

    This turn-of-the-century gem offers four spacious bedrooms and two bathrooms across 3,240 square feet of living space, creating the perfect canvas for your renovation dreams. The established neighborhood setting provides a sense of community and character that's increasingly rare in today's market. Your new home sits on an impressively large lot adorned with magnificent mature trees that offer natural shade and timeless beauty. Garden enthusiasts will appreciate the exceptional potential for cultivating their own outdoor paradise. Inside, original architectural details whisper stories of bygone eras while presenting tremendous opportunities for modern updates. The generous room sizes and thoughtful layout provide flexibility for today's lifestyle needs, whether you envision open-concept living spaces or prefer to maintain the home's traditional charm. The location offers convenient access to quality education, with Farmersville Independent School District Engineering Academy nearby, making this an ideal choice for families prioritizing academic excellence. Recreation opportunities abound with local parks just moments away, perfect for weekend adventures and community events. Walking distance to Historic Downtown Farmersville and the Audie Murphy Trailhead offers unique shopping and outdoor adventures! This property represents more than just a house – it's an opportunity to create something truly special. The combination of substantial square footage, expansive lot size, and established neighborhood setting Whether you're drawn to restoration projects or simply want a home with genuine personality, this treasure awaits your personal touch. The mature landscaping and generous outdoor space provide immediate enjoyment while you plan your interior transformation.

20. 2025-10-23
    price $300,000 1795-char remark

    Show marketing remark (1795 chars)

    This turn-of-the-century gem offers four spacious bedrooms and two bathrooms across 3,240 square feet of living space, creating the perfect canvas for your renovation dreams. The established neighborhood setting provides a sense of community and character that's increasingly rare in today's market. Your new home sits on an impressively large lot adorned with magnificent mature trees that offer natural shade and timeless beauty. Garden enthusiasts will appreciate the exceptional potential for cultivating their own outdoor paradise. Inside, original architectural details whisper stories of bygone eras while presenting tremendous opportunities for modern updates. The generous room sizes and thoughtful layout provide flexibility for today's lifestyle needs, whether you envision open-concept living spaces or prefer to maintain the home's traditional charm. The location offers convenient access to quality education, with Farmersville Independent School District Engineering Academy nearby, making this an ideal choice for families prioritizing academic excellence. Recreation opportunities abound with local parks just moments away, perfect for weekend adventures and community events. Walking distance to Historic Downtown Farmersville and the Audie Murphy Trailhead offers unique shopping and outdoor adventures! This property represents more than just a house – it's an opportunity to create something truly special. The combination of substantial square footage, expansive lot size, and established neighborhood setting Whether you're drawn to restoration projects or simply want a home with genuine personality, this treasure awaits your personal touch. The mature landscaping and generous outdoor space provide immediate enjoyment while you plan your interior transformation.

21. 2025-09-16
    listed $325,000 Active 1795-char remark

    Show marketing remark (1795 chars)

    This turn-of-the-century gem offers four spacious bedrooms and two bathrooms across 3,240 square feet of living space, creating the perfect canvas for your renovation dreams. The established neighborhood setting provides a sense of community and character that's increasingly rare in today's market. Your new home sits on an impressively large lot adorned with magnificent mature trees that offer natural shade and timeless beauty. Garden enthusiasts will appreciate the exceptional potential for cultivating their own outdoor paradise. Inside, original architectural details whisper stories of bygone eras while presenting tremendous opportunities for modern updates. The generous room sizes and thoughtful layout provide flexibility for today's lifestyle needs, whether you envision open-concept living spaces or prefer to maintain the home's traditional charm. The location offers convenient access to quality education, with Farmersville Independent School District Engineering Academy nearby, making this an ideal choice for families prioritizing academic excellence. Recreation opportunities abound with local parks just moments away, perfect for weekend adventures and community events. Walking distance to Historic Downtown Farmersville and the Audie Murphy Trailhead offers unique shopping and outdoor adventures! This property represents more than just a house – it's an opportunity to create something truly special. The combination of substantial square footage, expansive lot size, and established neighborhood setting Whether you're drawn to restoration projects or simply want a home with genuine personality, this treasure awaits your personal touch. The mature landscaping and generous outdoor space provide immediate enjoyment while you plan your interior transformation.

ⓘ 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: $3,932 · $328/mo
• Projected year-2 tax: $4,300 · $358/mo
• Expected delta: +$369/yr (+$31/mo · 9.4%)

ⓘ 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 6/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,538
• − Mortgage interest: −$13,164
• − Property taxes: −$3,932
• − Insurance: −$1,175
• − Repairs & maintenance: −$2,123
• − Management: −$2,123
• − Depreciation: −$6,836
• Taxable loss: −$2,815
• Est. tax savings @ 24.0%: +$675
• After-tax cash flow: $1,746/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: Farmersville ISD
• NCES district ID: 4819080
• Math proficiency: 38% ▼ -16.00%
• Reading proficiency: 47% ▼ -7.00%
• Median HH income: $56,626
• Composite: 37.17/100
• National rank: #4479
• State rank: #298 of 826 in TX

Livability — Farmersville

• Score: 69/100
• State rank: #425
• US rank: #8723

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Farmersville, TX
• County: Collin County · 1,159,394 people
• City population: 10,805
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 10,805
• Household income: $95,250
• Rent vs Own: 18.4% rent · 81.6% own
• Severe rent burden: 105.0

Population outlook (Collin County) Hauer SSP2

• Today (2025): 1,210,074 people
• By 2030: 1,358,201 · +12.2%
• By 2040: 1,654,061 · +36.7%
• By 2050: 1,937,359 · +60.1%
• By 2075: 2,567,039 · +112.1%
• By 2100: 2,952,048 · +144.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 25% Two or more races 13% Black 5% Pacific Islander 2%
• Hispanic origin (detail): Mexican 20% Puerto Rican 5%
• Common ancestry: Italian 3% Serbian 2% Romanian 2%
• Foreign-born: 5% · Canada
• Languages at home: 84% English-only · Spanish 14% German/W. Germanic 1%

Political lean MEDSL · Collin

• 2024 margin: R (+11.1) · D 43.1% · R 54.3% · Other 2.6%
• 2008→2024 swing: +14.4pp toward D · 2008: -25.6pp · 2024: -11.1pp
• All cycles: 2024: R+11.1 2020: R+4.3 2016: R+17.0 2012: R+31.6 2008: R+25.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -27.67%
• Current HPI: 304.6738
• Rent YoY: —
• Metro: Dallas-Fort Worth-Arlington, 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

-27.7% since first listed

6 events — show timeline

• 2026-04-22 Relisted — NTREIS
• 2026-04-13 Contingent — NTREIS
• 2026-04-06 Price Changed $235,000 NTREIS
• 2026-02-02 Price Changed $280,000 NTREIS
• 2025-10-23 Price Changed $300,000 NTREIS
• 2025-09-16 Listed $325,000 NTREIS

Property tax history

+4.8%/yr

Latest (2025): $3,932 · +11.2% YoY. Source: county tax records.