507 17th St · Levelland, TX 79336

$74,000

3 bd · 2.0 ba · 1,214 sqft · SingleFamily public records · 10 Days on market

Built 1960 5,445 sqft lot

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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 +24.1/30.0
• DSCR +7.8/10.0
• ARV discount +7.5/15.0
• 1% rule +7.0/10.0
• Livability +3.6/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Investor's or 1st time home buyer's dream! Great price on this property. This 3-bedroom, 2-bath home offers solid potential with hardwood flooring in the living room. The kitchen and dining area feature vinyl flooring, Formica countertops, gas stove and dishwasher. Home is equipped with panel ray heating and window unit air conditioners. Functional layout with great bones—perfect for rental, flip, or portfolio addition. Don't miss this opportunity to add value!

Key facts

• 5,445 sq ft lot
• Built 1960
• Listed 10 days

Property features AI

Finance

• Other: Property type: Single Family Residence; Lot is approximately 0.13 acres; Roads are paved and publicly maintained; city street frontage; Zoned for single-family
• Financial info: Financial details not provided
• HOA & community: No HOA information listed

Exterior

• Parking: Driveway; Parking pad
• Security: No security features listed
• Utilities: Public water; Public sewer; Electricity connected; Natural gas connected / available; Sewer connected; Water connected
• Home design: Single family residence; One-story; Residential property
• Construction: Fiber cement construction; Pillar/post/pier foundation; Composition roof; Built on a corner city lot
• Exterior features: Front porch; Storm door(s); Fenced backyard; No additional exterior features listed

Interior

• Kitchen: Dishwasher; Free-standing gas range
• Bedrooms: Bedrooms information not provided
• Flooring: Ceramic tile; Carpet; Hardwood; Vinyl; Varied flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Wall furnace; Wall/window cooling units
• Interior features: Dishwasher; Free-standing gas range; Gas water heater; No notable built-in exterior interior features listed
• Laundry & utility: Laundry located in the kitchen

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $74k.

Deal economics

• At list price, monthly cash flow is $146 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($891 rent vs $74k).

Location & tenants

• Location reads 72/100 on livability (#274 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute F, employment F.
• Levelland ISD (town): math 33% / reading 32% proficiency, ranked #566 of 826 in TX (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: South El (math 17% / reading 22%, grade F, #3,583 of 4,322 statewide, top 86%, 274 students, 85% FRL); Levelland Middle (math 32% / reading 31%, grade F, #997 of 1,662 statewide, top 61%, 622 students, 79% FRL); Levelland H S (math 67% / reading 55%, grade C+, #258 of 1,632 statewide, top 16%, 745 students, 67% FRL).
• Market conditions: 120 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 7 units permitted in Hockley County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $512 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Hockley County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $74,000

Questions for the listing agent

1. Built in 1960 — 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 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?
4. 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.
5. 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.
6. 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: 1.20% ✓
• Cap rate: 8.66%
• Cash-on-cash: 8.44%
• DSCR: 1.38
• GRM: 6.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -3.4%
• Equity multiple: 0.87×
• Total profit: $-2,669
• Equity at exit: $11,034

10-year hold

• IRR: 6.3%
• Equity multiple: 1.47×
• Total profit: $9,796
• Equity at exit: $6,398

Cash invested: $20,720 (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 79336

• Active inventory: 120
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $891 high
• Mortgage (P&I): −$388
• Tax from tax record: −$139 /mo · $1,668/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$187
• Net cashflow: $146

Break-even live

Break-even rent $706

Max offer price $74,000

Occupancy floor 79%

Sensitivity live

Price	-10% $188	-5% $167	+0% $146	+5% $125	+10% $104
Rent	-10% $75	-5% $111	+0% $146	+5% $181	+10% $216
Rate	-1.0pp $183	-0.5pp $165	base $146	+0.5pp $127	+1.0pp $107

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: $18,500
• Closing costs: $2,220
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1819 Avenue I Pl Unit 5 Levelland, TX	2.0	1.0	800	$650	$0.81	21d	1	0.47mi
710 9th St Levelland, TX	2.0	1.0	1005	$695	$0.69	21d	1	0.57mi
114 Holly St Levelland, TX	4.0	1.0	1380	$1,300	$0.94	44d	1	0.57mi
226 Hickory St Unit B Levelland, TX	2.0	1.0	1000	$945	$0.94	14d	1	0.78mi
226 Cherry St Levelland, TX	2.0	1.0	575	$650	$1.13	14d	6	1.01mi
226 Cherry St Unit 43 Levelland, TX	2.0	1.0	800	$650	$0.81	14d	1	1.01mi
132 Railroad Ave Levelland, TX	3.0	2.0	1040	$1,150	$1.11	44d	1	1.30mi
400 N Cedar Ave Levelland, TX	1.0–3.0	1.0–1.5	857	$950	$1.11	14d	4	1.32mi

Listing history 3 events

1. 2026-05-09
   status Pending 471-char remark
2. 2026-04-28
   listed $74,000 Active 471-char remark
3. 2005-08-19
   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: $1,668 · $139/mo
• Projected year-2 tax: $1,668 · $139/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 X · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,687
• − Mortgage interest: −$4,145
• − Property taxes: −$1,668
• − Insurance: −$370
• − Repairs & maintenance: −$855
• − Management: −$855
• − Depreciation: −$2,153
• Taxable income: $642
• Est. tax owed @ 24.0%: −$154
• After-tax cash flow: $1,594/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: Levelland ISD
• NCES district ID: 4827240
• Math proficiency: 33% ▼ -9.00%
• Reading proficiency: 32% ▼ -6.00%
• Median HH income: $47,924
• Composite: 28.09/100
• National rank: #6833
• State rank: #566 of 826 in TX

Livability — Levelland

• Score: 72/100
• State rank: #274
• US rank: #6392

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Levelland, TX
• Population (ZIP): 15,265

Population outlook (Hockley County) Hauer SSP2

• Today (2025): 25,295 people
• By 2030: 26,230 · +3.7%
• By 2040: 28,268 · +11.8%
• By 2050: 30,536 · +20.7%
• By 2075: 36,867 · +45.7%
• By 2100: 40,662 · +60.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (53%)
• Race & ethnicity: Hispanic / Latino 53% White 42% Two or more races 24% Black 3%
• Hispanic origin (detail): Mexican 48%
• Common ancestry: Slovak 1% Lithuanian 1% Italian 1%
• Foreign-born: 9% · Canada
• Languages at home: 72% English-only · Spanish 27%

Political lean MEDSL · Hockley

• 2024 margin: Solid R (+66.3) · D 16.6% · R 82.8%
• 2008→2024 swing: -14.0pp toward R · 2008: -52.3pp · 2024: -66.3pp
• All cycles: 2024: R+66.3 2020: R+62.4 2016: R+62.3 2012: R+57.0 2008: R+52.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -169.34%
• Current HPI: 154.0713
• 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

3 events — show timeline

• 2026-05-09 Pending — LARMLS
• 2026-04-28 Listed $74,000 LARMLS
• 2005-08-19 Sold (Public Records) — Public Records

Property tax history

+4.9%/yr

Latest (2025): $1,668 · +12.6% YoY. Source: county tax records.