508 Pamela Dr · Tyler, TX 75702

$149,900

3 bd · 1.0 ba · 1,221 sqft · SingleFamily public records · 25 Days on market

Built 1958 0.41 ac lot Est $136k · 11% over

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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 +14.8/30.0
• DSCR +4.5/10.0
• 1% rule +4.0/10.0
• Livability +3.8/5.0
• Schools +3.3/10.0
• Rent growth +3.1/5.0
• ARV discount +2.7/15.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Newly painted exterior. This charming 3 bedroom brick home is on a large lot with a large backyard and detached garage/shop. Tile and laminate flooring throughout.

Key facts

• Laminate flooring
• Large backyard
• Large lot

Tags

• LARGE LOT
• LARGE BACKYARD
• DETACHED GARAGE
• TILE FLOORING
• LAMINATE FLOORING

Property features AI

Finance

• Other: Lot approximately 0.408 acre
• Financial info: Annual property tax approximately $2,409

Exterior

• Parking: Attached or detached garage with 1 parking space
• Utilities: Water and sewer information not specified; Power information not specified
• Home design: Single-family detached residence; Single story
• Construction: Brick veneer construction; Composition roof
• Exterior features: Chain link fencing; Storage structure on the property

Interior

• Kitchen: Gas oven; Gas range
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (natural gas); Central air conditioning
• Interior features: Gas oven; Gas range; Central heating; Natural gas heating; Central air conditioning

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $42 ($504/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 $135k (10.3% below list).
• Recommended offer: $135k (10.3% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 3.5% in Tyler — 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 75/100 on livability (#147 in TX, #4,181 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, crime D+, commute F.
• Tyler ISD (urban): math 39% / reading 38% proficiency, ranked #449 of 826 in TX (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Ramey El (math 34% / reading 24%, grade F, #2,668 of 4,322 statewide, top 63%, 541 students, 95% FRL); Boulter Middle (math 28% / reading 22%, grade F, #1,258 of 1,662 statewide, top 77%, 853 students, 93% FRL); Tyler H S (math 26% / reading 27%, grade F, #1,228 of 1,632 statewide, top 76%, 2,164 students, 90% FRL) — zoned schools average 92% FRL vs 66% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+2.3%/yr); 156 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 44% of comp listings sitting > 30 days — soft ceiling on asking rent; 595 units permitted in Smith County in 2024 (45 in 5+ unit buildings).
• This rent runs 31% of the median local income ($52k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Smith County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 59% 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 $134,503 (10.3% below list)

Questions for the listing agent

1. Built in 1958 — 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. 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.90% ✗
• Cap rate: 6.63%
• Cash-on-cash: 1.20%
• DSCR: 1.05
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $135,531
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
505 N Forest Ave	0.27mi	2/1.0 (-1)	1,171 (-4%)	22mo	$129,900	$111	57
706 N Forest Ave	0.28mi	3/1.0	1,397 (+14%)	12mo	$70,000	$50	53
219 Bandera	0.38mi	3/1.0	1,400 (+15%)	12mo	$215,000	$154	48
121 Golf Ave	0.41mi	3/2.0	1,359 (+11%)	17mo	$244,900	$180	44
1523 W Lollar St	0.75mi	2/1.0 (-1)	1,381 (+13%)	24mo	$45,000	$33	18

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 · 2.27% rent growth · sell at horizon

5-year hold

• IRR: -15.2%
• Equity multiple: 0.46×
• Total profit: $-22,586
• Equity at exit: $22,351

10-year hold

• IRR: -7.9%
• Equity multiple: 0.52×
• Total profit: $-20,145
• Equity at exit: $12,961

Cash invested: $41,972 (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.

Methodology + full state rankings →

ZIP-level market 75702

• Home prices YoY: -5.8%
• Rents YoY: 2.3%
• Active inventory: 156
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,345 high
• Mortgage (P&I): −$786
• Tax from tax record: −$172 /mo · $2,064/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$282
• Net cashflow: $42

Break-even live

Break-even rent $1,292

Max offer price $149,900

Occupancy floor 92%

Sensitivity live

Price	-10% $127	-5% $84	+0% $42	+5% $0	+10% $-43
Rent	-10% $-64	-5% $-11	+0% $42	+5% $95	+10% $148
Rate	-1.0pp $117	-0.5pp $80	base $42	+0.5pp $3	+1.0pp $-36

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2006 W Oakwood St Tyler, TX	3.0	2.0	1344	$1,895	$1.41	15d	1	0.47mi
1822 W Oakwood St Tyler, TX	2.0	1.0	900	$1,100	$1.22	45d	1	0.56mi
1806 W Oakwood St Tyler, TX	2.0	1.0	900	$975	$1.08	23d	1	0.60mi
1800 W Oakwood St Tyler, TX	2.0	1.0	900	$975	$1.08	23d	1	0.61mi
310 S Boon Ave Tyler, TX	2.0	1.0	819	$1,200	$1.47	45d	1	0.71mi
210 N Ross Ave Tyler, TX	2.0	1.0	850	$695	$0.82	23d	1	1.04mi
1104 W Park St Tyler, TX	3.0	2.0	1440	$1,650	$1.15	23d	1	1.20mi
3111 W Jackson St Tyler, TX	3.0	2.0	1028	$1,564	$1.52	45d	1	1.21mi
2717 W Shaw St Tyler, TX	2.0	1.0	985	$1,200	$1.22	23d	1	1.25mi
2815 W Shaw St Unit 2 Tyler, TX	2.0	1.0	875	$1,200	$1.37	45d	1	1.25mi
2803 W Shaw St Tyler, TX	2.0	1.0	900	$1,050	$1.17	23d	1	1.25mi
2007 Bradshaw Dr Tyler, TX	3.0	2.0	1056	$1,600	$1.52	45d	1	1.31mi
714 W Bow St Unit B Tyler, TX	2.0	1.0	969	$785	$0.81	15d	1	1.34mi
1215 S Lenox St Tyler, TX	3.0	2.0	1090	$1,264	$1.16	45d	1	1.43mi
826 W Franklin St Tyler, TX	3.0	2.0	1273	$1,550	$1.22	15d	1	1.46mi
539 Williams Ct Tyler, TX	2.0	1.0	1352	$1,415	$1.05	23d	1	1.46mi
809 W Harmony St Tyler, TX	3.0	2.0	1309	$1,500	$1.15	45d	1	1.46mi
611 N Border Ave Unit 300 Tyler, TX	2.0	1.5	1008	$1,200	$1.19	45d	1	1.47mi

Listing history 19 events

1. 2026-06-22
   statusdays on market $149,900 Pending 25 DOM
2. 2026-06-19
   days on market $149,900 Active 24 DOM
3. 2026-06-18
   days on market $149,900 Active 23 DOM
4. 2026-06-17
   days on market $149,900 Active 22 DOM
5. 2026-06-16
   days on market $149,900 Active 21 DOM
6. 2026-06-15
   status $149,900 Active 20 DOM
7. 2026-06-13
   status $149,900 Pending 20 DOM
8. 2026-06-10
   days on market $149,900 Active 20 DOM
9. 2026-06-09
   days on market $149,900 Active 19 DOM
10. 2026-06-08
    days on market $149,900 Active 18 DOM
11. 2026-06-07
    days on market $149,900 Active 17 DOM
12. 2026-06-05
    pricedays on market $149,900 Active 14 DOM
13. 2026-06-02
    days on market $159,900 Active 12 DOM
14. 2026-06-01
    days on market $159,900 Active 11 DOM
15. 2026-05-31
    days on market $159,900 Active 10 DOM
16. 2026-05-30
    days on market $159,900 Active 9 DOM
17. 2026-05-21
    listed $159,900 Active
18. 2022-06-21
    soldstatus
19. 1998-11-20
    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: $2,064 · $172/mo
• Projected year-2 tax: $2,743 · $229/mo
• Expected delta: +$679/yr (+$57/mo · 32.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (shaded) · 20% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥109°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 59% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,140
• − Mortgage interest: −$8,397
• − Property taxes: −$2,064
• − Insurance: −$750
• − Repairs & maintenance: −$1,291
• − Management: −$1,291
• − Depreciation: −$4,361
• Taxable loss: −$2,013
• Est. tax savings @ 24.0%: +$483
• After-tax cash flow: $987/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: Tyler ISD
• NCES district ID: 4843470
• Math proficiency: 39% ▼ -4.00%
• Reading proficiency: 38% ▼ -1.00%
• Median HH income: $44,090
• Composite: 32.69/100
• National rank: #5650
• State rank: #449 of 826 in TX

Livability — Tyler

• Score: 75/100
• State rank: #147
• US rank: #4181

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tyler, TX
• County: Smith County · 180,570 people
• City population: 127,842
• Metro: Tyler, TX
• Population (ZIP): 27,927
• Household income: $51,564
• Rent vs Own: 47.1% rent · 52.9% own
• Severe rent burden: 803.0

Population outlook (Smith County) Hauer SSP2

• Today (2025): 248,890 people
• By 2030: 261,665 · +5.1%
• By 2040: 286,114 · +15.0%
• By 2050: 308,006 · +23.8%
• By 2075: 354,171 · +42.3%
• By 2100: 372,828 · +49.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: Hispanic / Latino 49% Black 37% White 12% Two or more races 11% Native American 1%
• Hispanic origin (detail): Mexican 47%
• Common ancestry: Lithuanian 1%
• Foreign-born: 20% · Canada
• Languages at home: 56% English-only · Spanish 44%

Political lean MEDSL · Smith

• 2024 margin: Solid R (+45.1) · D 27.0% · R 72.1%
• 2008→2024 swing: -5.6pp toward R · 2008: -39.5pp · 2024: -45.1pp
• All cycles: 2024: R+45.1 2020: R+39.4 2016: R+43.9 2012: R+46.9 2008: R+39.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -12.63%
• Current HPI: 207.1573
• Rent YoY: ▲ 2.27%
• Metro: Tyler, 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

3 events — show timeline

• 2026-05-21 Listed $159,900 GTAR
• 2022-06-21 Sold (Public Records) — Public Records
• 1998-11-20 Sold (Public Records) — Public Records

Property tax history

+7.9%/yr

Latest (2024): $2,064 · +17.1% YoY. Source: county tax records.