306 Scarlet Oak Dr · Killeen, TX 76542

$125,000

5 bd · 3.0 ba · 1,792 sqft · Manufactured public records · 318 Days on market

Manufactured home Built 2000 Fair condition 0.49 ac lot $70/sqft · 42% below area Est $216k · 42% under

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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 +8.1/10.0
• Schools +3.5/10.0
• Livability +3.2/5.0
• Appreciation +2.5/10.0
• Condition / age +2.2/5.0
• Rent growth +2.0/5.0
• Manufactured-home adj. -6.1

Listing remarks MLS

Are you looking for a home that gives you the space, comfort, and peace of mind you’ve been searching for? 306 Scarlet Oak offers the best of both worlds—country-style living inside the city limits—so you can enjoy tranquility without sacrificing convenience. Step inside and feel the difference: Room for everyone you love – with 5 bedrooms and 3 full bathrooms, your family, guests, or even a home office setup will finally have the space to spread out comfortably. Gather and connect – the generously sized living room and separate dining area are perfect for holidays, game nights, and memorable celebrations. The kitchen has stainless steel appliances Practical extras that make life easier – additional storage space on the back of the home keeps you organized, while raised garden beds invite you to grow fresh vegetables or flowers that brighten your day. Location matters—and this one delivers. You’ll be just a short walk to the new Chaparral High School and Jimmy Don Aycock Middle School, making mornings smoother and family routines easier. The neighborhood is known for its friendly feel and welcoming atmosphere, offering you not just a home, but a community to belong to. This isn’t just another house on the market—it’s a chance to create the lifestyle you’ve been imagining. Take the first step toward making 306 Scarlet Oak yours. Schedule your private tour today and see if this is the home you’ve been waiting for. WHOLESALERS ARE WELCOME.

Key facts

• Raised garden beds
• 0.49 acre lot
• Parking

Tags

• FULLY-EQUIPPED KITCHEN
• STAINLESS STEEL APPLIANCES
• ADDITIONAL STORAGE SPACE
• SERENE OUTDOOR SETTING
• RAISED GARDEN BEDS
• WALKING DISTANCE TO SCHOOLS

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath manufactured listed at $125k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $546 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.5% vs local median 3.9% in Killeen — 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 63/100 on livability (#853 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities D, employment D, crime D-.
• Killeen ISD (urban): math 31% / reading 38% proficiency, ranked #524 of 826 in TX (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Saegert El (math 33% / reading 39%, grade F, #1,921 of 4,322 statewide, top 45%, 954 students, 57% FRL); Charles E Patterson Middle (math 38% / reading 38%, grade F, #717 of 1,662 statewide, top 44%, 1,003 students, 56% FRL); C E Ellison H S (math 20% / reading 51%, grade F, #941 of 1,632 statewide, top 58%, 1,682 students, 57% FRL).
• Market conditions: Rents soft (-1.9%/yr); 811 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 93d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 3,222 units permitted in Bell County in 2024 (246 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Bell County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $35k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 318 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 19y ago; this cycle's ask has dropped $35k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $39k; list at $125k implies a 221% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 66% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $110,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 318 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.31% ✓
• Cap rate: 11.54%
• Cash-on-cash: 18.73%
• DSCR: 1.83
• GRM: 6.3

CMA / ARV

• ARV (median comp): $215,584
• List price: $125,000
• Delta: -42.02%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8910 Chalk Maple Dr	1.48mi	4/3.0 (-1)	1,854 (+4%)	2mo	$326,455	$176	52
4014 Baerlon Cv	1.06mi	4/2.0 (-1)	1,778 (-1%)	4mo	$289,920	$163	52
317 Dobson Dr	1.33mi	4/2.0 (-1)	1,680 (-6%)	3mo	$264,340	$157	43
3715 Southern Catapala Dr	1.44mi	4/2.0 (-1)	1,657 (-8%)	1mo	$319,990	$193	42
329 Dobson Dr	1.34mi	4/2.5 (-1)	1,952 (+9%)	3mo	$285,190	$146	40
5300 Fiesta Oak Dr	1.23mi	4/2.0 (-1)	1,995 (+11%)	2mo	$290,000	$145	36
3604 Castleton Dr	0.69mi	4/2.0 (-1)	2,025 (+13%)	4mo	$232,500	$115	34
4106 Lugard Dr	0.73mi	4/2.0 (-1)	1,487 (-17%)	1mo	$281,950	$190	31
2221 Sparrow Rd	1.07mi	4/2.5 (-1)	2,217 (+24%)	3mo	$379,000	$171	31
246 Dewey Dr	1.41mi	4/2.5 (-1)	2,150 (+20%)	3mo	$349,715	$163	30
9613 Raeburn Ct	1.02mi	4/2.5 (-1)	2,184 (+22%)	4mo	$285,000	$130	30
4200 Lugard Dr	0.73mi	4/2.0 (-1)	1,487 (-17%)	3mo	$281,950	$190	29

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 7.3%
• Equity multiple: 1.28×
• Total profit: $9,681
• Equity at exit: $18,638

10-year hold

• IRR: 14.0%
• Equity multiple: 1.98×
• Total profit: $34,444
• Equity at exit: $10,808

Cash invested: $35,000 (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 76542

• Home prices YoY: -21.7%
• Rents YoY: -1.9%
• Active inventory: 811
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,644 high
• Mortgage (P&I): −$656
• Tax from tax record: −$45 /mo · $534/yr
• Insurance: −$52
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$345
• Net cashflow: $546

Break-even live

Break-even rent $952

Max offer price $125,000

Occupancy floor 62%

Sensitivity live

Price	-10% $617	-5% $582	+0% $546	+5% $511	+10% $476
Rent	-10% $417	-5% $481	+0% $546	+5% $611	+10% $676
Rate	-1.0pp $609	-0.5pp $578	base $546	+0.5pp $514	+1.0pp $481

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: $31,250
• Closing costs: $3,750
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10001 Kensley Rose Dr Killeen, TX	4.0	2.5	2612	$2,400	$0.92	72d	1	0.60mi
3313 Parkmill Dr Killeen, TX	5.0	3.0	2398	$2,400	$1.00	70d	1	0.63mi
3604 Castleton Dr Killeen, TX	4.0	2.0	2025	$1,895	$0.94	93d	1	0.69mi
3405 Rusack Dr Killeen, TX	4.0	2.5	2534	$2,195	$0.87	93d	1	0.79mi
3406 Cricklewood Dr Killeen, TX	4.0	3.0	2425	$1,895	$0.78	72d	1	0.86mi
3809 Tanchico Dr Killeen, TX	4.0	2.0	1800	$1,795	$1.00	93d	1	0.87mi
9611 Murandy Dr Killeen, TX	4.0	3.0	2199	$2,095	$0.95	72d	1	0.96mi
3807 Malmaison Rd Killeen, TX	4.0	3.0	2314	$2,000	$0.86	70d	1	1.08mi
3216 Claymore St Killeen, TX	4.0	2.5	2523	$1,850	$0.73	93d	1	1.19mi
7003 Osbaldo Dr Killeen, TX	4.0	2.0	1842	$1,800	$0.98	93d	1	1.49mi

Listing history 50 events

1. 2026-08-08
   days on market $125,000 Active 318 DOM
2. 2026-08-07
   days on market $125,000 Active 317 DOM
3. 2026-08-06
   days on market $125,000 Active 316 DOM
4. 2026-08-05
   days on market $125,000 Active 315 DOM
5. 2026-08-04
   days on market $125,000 Active 314 DOM
6. 2026-08-03
   days on market $125,000 Active 313 DOM
7. 2026-07-31
   days on market $125,000 Active 310 DOM
8. 2026-07-29
   days on market $125,000 Active 308 DOM
9. 2026-07-27
   days on market $125,000 Active 306 DOM
10. 2026-07-25
    days on market $125,000 Active 304 DOM
11. 2026-07-24
    days on market $125,000 Active 303 DOM
12. 2026-07-23
    days on market $125,000 Active 302 DOM
13. 2026-07-22
    days on market $125,000 Active 301 DOM
14. 2026-07-21
    days on market $125,000 Active 300 DOM
15. 2026-07-18
    days on market $125,000 Active 297 DOM
16. 2026-07-16
    days on market $125,000 Active 295 DOM
17. 2026-07-16
    days on market $125,000 Active 294 DOM
18. 2026-07-14
    days on market $125,000 Active 293 DOM
19. 2026-07-13
    days on market $125,000 Active 292 DOM
20. 2026-07-12
    days on market $125,000 Active 291 DOM
21. 2026-07-11
    days on market $125,000 Active 290 DOM
22. 2026-07-10
    days on market $125,000 Active 289 DOM
23. 2026-07-09
    days on market $125,000 Active 288 DOM
24. 2026-07-08
    days on market $125,000 Active 287 DOM
25. 2026-07-07
    days on market $125,000 Active 286 DOM
26. 2026-07-06
    days on market $125,000 Active 285 DOM
27. 2026-07-05
    days on market $125,000 Active 284 DOM
28. 2026-07-04
    days on market $125,000 Active 283 DOM
29. 2026-07-03
    days on market $125,000 Active 282 DOM
30. 2026-07-02
    days on market $125,000 Active 281 DOM
31. 2026-07-01
    days on market $125,000 Active 280 DOM
32. 2026-06-30
    days on market $125,000 Active 279 DOM
33. 2026-06-29
    days on market $125,000 Active 278 DOM
34. 2026-06-28
    days on market $125,000 Active 277 DOM
35. 2026-06-28
    days on market $125,000 Active 276 DOM
36. 2026-06-27
    days on market $125,000 Active 275 DOM
37. 2026-06-25
    days on market $125,000 Active 273 DOM
38. 2026-06-23
    days on market $125,000 Active 271 DOM
39. 2026-06-22
    days on market $125,000 Active 270 DOM
40. 2026-06-18
    days on market $125,000 Active 267 DOM
41. 2026-06-17
    days on market $125,000 Active 266 DOM
42. 2026-06-16
    days on market $125,000 Active 265 DOM
43. 2026-06-15
    days on market $125,000 Active 264 DOM
44. 2026-06-14
    days on market $125,000 Active 262 DOM
45. 2026-06-13
    days on market $125,000 Active 261 DOM
46. 2026-06-10
    days on market $125,000 Active 259 DOM
47. 2026-06-09
    days on market $125,000 Active 258 DOM
48. 2026-06-08
    days on market $125,000 Active 257 DOM
49. 2026-06-07
    days on market $125,000 Active 256 DOM
50. 2026-06-03
    days on market $125,000 Active 252 DOM

ⓘ 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: $534 · $45/mo
• Projected year-2 tax: $2,288 · $191/mo
• Expected delta: +$1,753/yr (+$146/mo · 328.1%)

ⓘ 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 8/10 Severe 7 d/yr ≥107°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 66% 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: $19,724
• − Mortgage interest: −$7,002
• − Property taxes: −$534
• − Insurance: −$625
• − Repairs & maintenance: −$1,578
• − Management: −$1,578
• − Depreciation: −$3,636
• Taxable income: $4,770
• Est. tax owed @ 24.0%: −$1,145
• After-tax cash flow: $5,411/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.

Condition & rehab AI · 9 photos

Fair 45/100 Moderate rehab Est. rehab $44,800–$80,640 screening

This manufactured home requires moderate repairs and maintenance to improve its condition and value. Upgrading the exterior, interior, and landscaping would significantly enhance its appeal and marketability.

Components & finishes AI

Roof metal · good Flooring tile

Deferred maintenance Est. $500–$2,000 screening

• Minor Roof (roof) — No visible signs of damage or wear on the roof.

Repairs flagged

• Major Paint — Chipping and faded paint on exterior and interior.
• Moderate Siding — Weathered siding needs repainting or replacement.
• Minor Kitchen Countertops — Worn appearance, could be replaced or refinished.
• Minor Bathroom Fixtures — Possibly outdated, could be updated for a fresh look.
• Major Landscaping — Sparse and low curb appeal, could be improved with landscaping and plants.
• Minor Flooring — Some wear on tile, could be cleaned or polished.
• Minor Interior Paint — Faded in some areas, could be refreshed with a fresh coat of paint.

Value-add opportunities

• Both Paint exterior and interior — Fresh paint enhances curb appeal and interior aesthetics. ↑
• Both Replace or repair siding — New siding improves curb appeal and structural integrity. ↑
• Both Update kitchen countertops — Modern countertops increase functionality and value. ↑
• Both Replace or update bathroom fixtures — Fresh fixtures improve functionality and aesthetics. ↑
• Both Improve landscaping — Landscaping enhances curb appeal and adds value. ↑
• Both Clean or polish tile flooring — Fresh floors improve functionality and aesthetics. ↑
• Both Refresh interior paint — Fresh paint enhances interior aesthetics and value. ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 34/100

Zoned Schools

Elementary Maude Moore Wood El F TX #2,429/4,322 Nat'l #26,096/41,679 Middle Charles E Patterson Middle F TX #717/1,662 Nat'l #6,571/14,009 High Chaparral H S

Schools (NCES district)

• District: Killeen ISD
• NCES district ID: 4825660
• Math proficiency: 31% ▼ -16.00%
• Reading proficiency: 38% ▼ -3.00%
• Median HH income: $47,665
• Composite: 29.69/100
• National rank: #6458
• State rank: #524 of 826 in TX

C Composite livability gradescore 63/100

Livability — Killeen

• Score: 63/100
• State rank: #853
• US rank: #15359

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Bell County · 371,114 people
• City population: 163,398
• Metro: Killeen-Temple, TX
• Population (ZIP): 53,892
• Household income: $74,055
• Rent vs Own: 34.7% rent · 65.3% own
• Severe rent burden: 16% of renters

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Population outlook (Bell County) Hauer SSP2

• Today (2025): 371,114 people
• By 2030: 389,104 · +4.8%
• By 2040: 420,592 · +13.3%
• By 2050: 447,779 · +20.7%
• By 2075: 499,130 · +34.5%
• By 2100: 505,680 · +36.3%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.74)
• Race & ethnicity: Black 34% White 27% Hispanic / Latino 26% Two or more races 17% Asian 5%
• Hispanic origin (detail): Mexican 13% Puerto Rican 9%
• Common ancestry: Italian 1% Lithuanian 1% Slovak 1%
• Foreign-born: 10% · Canada, South Korea, Vietnam
• Languages at home: 79% English-only · Spanish 15% Korean 1% German/W. Germanic 1%

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Political lean MEDSL · Bell

• 2024 margin: R (+16.2) · D 41.3% · R 57.6% · Other 1.1%
• 2008→2024 swing: -6.5pp toward R · 2008: -9.8pp · 2024: -16.2pp
• All cycles: 2024: R+16.2 2020: R+8.5 2016: R+15.1 2012: R+16.4 2008: R+9.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -43.94%
• Current HPI: 158.4385
• Rent YoY: ▼ -1.85%
• Metro: Killeen-Temple, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

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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

+256.2% since first listed

14 events — show timeline

• 2026-05-18 Price Changed $134,999 CTXMLS
• 2026-01-07 Price Changed $139,999 CTXMLS
• 2025-11-30 Relisted — CTXMLS
• 2025-11-25 Pending — CTXMLS
• 2025-11-12 Contingent — CTXMLS
• 2025-10-07 Price Changed $149,999 CTXMLS
• 2025-09-19 Listed $160,000 CTXMLS
• 2024-03-01 Listed $150,000 CTXMLS
• 2020-07-30 Sold (Public Records) — Public Records
• 2020-06-21 Pending — CTXMLS
• 2020-06-19 Listed $75,000 CTXMLS
• 2007-11-09 Sold (MLS) $38,900 CTXMLS
• 2007-08-08 Listed $37,900 CTXMLS
• 2005-03-16 Sold (Public Records) — Public Records

Property tax history

-1.0%/yr

Latest (2025): $534 · +9.3% YoY. Source: county tax records.