1909 Kokomo St · Plainview, TX 79072

$65,700

2 bd · 1.0 ba · 1,083 sqft · SingleFamily public records · 128 Days on market

Built 1959 8,232 sqft lot $61/sqft · 20% below area Est $82k · 20% under

---

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 +9.3/10.0
• 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

INVESTORS! We just listed 1909 Kokomo which presents a promising opportunity for investors or first-time homebuyers seeking a renovation project. This property features two bedrooms, one bathroom, and approximately 1,083 square feet of living space. While it requires some renovation and maintenance, the potential for customization and value enhancement is definitely there. With some work this could become a great home for its future occupants. This location offers you convenient access to I-27 and US-70. Hale County Airport and Wayland Baptist University are less than 10 minutes away, and there are plenty of amenities nearby as well. The home is being sold AS IS but will have a new roof. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream property. When you call ask about other homes we may have in the Plainview Area.

Key facts

• Convenient access
• Amenities nearby
• Renovation project

Tags

• RENOVATION PROJECT
• CONVENIENT ACCESS
• NEW ROOF
• AMENITIES NEARBY

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $66k.

Deal economics

• At list price, monthly cash flow is $122 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($939 rent vs $66k).
• Recommended offer: $58k (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: Edgemere El (math 32% / reading 32%); Estacado Middle (math 42% / reading 37%); 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; 7 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $454 of loan paydown is wiped out by about $2k 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 128 days — a 12% lower offer ($58k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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: flood insurance adds $125/mo; built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $57,816 (12.0% below list)

Questions for the listing agent

1. It's been on market 128 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 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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: 1.43% ✓
• Cap rate: 10.80%
• Cash-on-cash: 16.10%
• DSCR: 1.72
• GRM: 5.8

CMA / ARV

• ARV (median comp): $82,054
• List price: $65,700
• Delta: -19.93%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
609 W 22nd St	0.41mi	3/1.0 (+1)	1,200 (+11%)	18mo	$80,000	$67	44

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: -4.0%
• Equity multiple: 0.85×
• Total profit: $-2,782
• Equity at exit: $9,796

10-year hold

• IRR: 5.8%
• Equity multiple: 1.44×
• Total profit: $8,027
• Equity at exit: $5,681

Cash invested: $18,396 (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: 5.8×

Monthly cashflow live

• Estimated rent: $939 high
• Mortgage (P&I): −$345
• Tax from tax record: −$123 /mo · $1,473/yr
• Insurance: −$27
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$197
• Net cashflow: $122

Break-even live

Break-even rent $785

Max offer price $65,700

Occupancy floor 82%

Sensitivity live

Price	-10% $159	-5% $140	+0% $122	+5% $103	+10% $84
Rent	-10% $48	-5% $85	+0% $122	+5% $159	+10% $196
Rate	-1.0pp $155	-0.5pp $138	base $122	+0.5pp $105	+1.0pp $87

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: $16,425
• Closing costs: $1,971
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1321 Navajo Trl Plainview, TX	3.0	2.0	1200	$925	$0.77	45d	1	0.64mi
2302 W 16th St Plainview, TX	2.0	1.0	896	$895	$1.00	45d	1	0.84mi
1401 W 33rd St Plainview, TX	3.0–4.0	2.0	1315	$1,013	$0.77	45d	3	0.95mi
1706 Yonkers St Plainview, TX	2.0	1.5	1280	$1,050	$0.82	45d	1	0.99mi
1500 Yonkers St Plainview, TX	1.0–3.0	1.0–2.0	827	$884	$1.07	45d	12	1.00mi
912 Canyon Apt 5 Plainview, TX	1.0	1.0	736	$1,700	$2.31	45d	1	1.47mi
912 Canyon Unit 3 Plainview, TX	1.0	1.0	736	$950	$1.29	45d	1	1.47mi

Listing history 21 events

1. 2026-06-21
   days on market $65,700 Active 128 DOM
2. 2026-06-19
   days on market $65,700 Active 126 DOM
3. 2026-06-18
   days on market $65,700 Active 125 DOM
4. 2026-06-17
   days on market $65,700 Active 124 DOM
5. 2026-06-16
   days on market $65,700 Active 123 DOM
6. 2026-06-15
   days on market $65,700 Active 122 DOM
7. 2026-06-14
   days on market $65,700 Active 120 DOM
8. 2026-06-12
   days on market $65,700 Active 119 DOM
9. 2026-06-09
   days on market $65,700 Active 116 DOM
10. 2026-06-08
    days on market $65,700 Active 115 DOM
11. 2026-06-07
    days on market $65,700 Active 114 DOM
12. 2026-06-07
    days on market $65,700 Active 113 DOM
13. 2026-06-03
    days on market $65,700 Active 110 DOM
14. 2026-06-02
    days on market $65,700 Active 109 DOM
15. 2026-06-01
    days on market $65,700 Active 108 DOM
16. 2026-05-31
    days on market $65,700 Active 107 DOM
17. 2026-05-30
    days on market $65,700 Active 106 DOM
18. 2026-02-13
    listed $65,700 Active 996-char remark

    Show marketing remark (996 chars)

    INVESTORS! We just listed 1909 Kokomo which presents a promising opportunity for investors or first-time homebuyers seeking a renovation project. This property features two bedrooms, one bathroom, and approximately 1,083 square feet of living space. While it requires some renovation and maintenance, the potential for customization and value enhancement is definitely there. With some work this could become a great home for its future occupants. This location offers you convenient access to I-27 and US-70. Hale County Airport and Wayland Baptist University are less than 10 minutes away, and there are plenty of amenities nearby as well. The home is being sold AS IS but will have a new roof. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream property. When you call ask about other homes we may have in the Plainview Area.

19. 2025-09-10
    historical
20. 2024-09-10
    listed $58,199 Active
21. 2023-07-03
    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: $1,473 · $123/mo
• Projected year-2 tax: $1,473 · $123/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 A · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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: $11,264
• − Mortgage interest: −$3,680
• − Property taxes: −$1,473
• − Insurance: −$1,831
• − Repairs & maintenance: −$901
• − Management: −$901
• − Depreciation: −$1,911
• Taxable income: $566
• Est. tax owed @ 24.0%: −$136
• After-tax cash flow: $1,324/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

+12.9% since first listed

4 events — show timeline

• 2026-02-13 Listed $65,700 HARMLS
• 2025-09-10 Listing Removed — HARMLS
• 2024-09-10 Listed $58,199 HARMLS
• 2023-07-03 Sold (Public Records) — Public Records

Property tax history

+6.2%/yr

Latest (2025): $1,473 · -3.0% YoY. Source: county tax records.