504 Quitman St · Pittsburg, TX 75686

$230,000

4 bd · 3.0 ba · 2,024 sqft · SingleFamily public records · 19 Days on market

Built 1940 0.37 ac lot Est $263k · 13% under

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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 +23.4/30.0
• ARV discount +13.2/15.0
• DSCR +7.5/10.0
• 1% rule +5.0/10.0
• Schools +4.1/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come See - Come Buy! Completely remodeled 4 bedroom 3 bath home with new flooring, interior doors, fresh paint, plumbing & light fixtures, new HVAC unit, and much more. Chef's kitchen with custom cabinets, granite countertops, range/oven, and microwave. Your Search Has Ended! Set your appointment for this prime location near downtown shopping and restaurants.

Key facts

• Remodeled
• Custom cabinets
• New flooring

Tags

• REMODELED
• NEW FLOORING
• CUSTOM CABINETS
• GRANITE COUNTERTOPS
• PRIME LOCATION

Property features AI

Finance

• Other: Lot is approximately 0.37 acre (subdivided); Property type: Residential, single family
• Financial info: Listing accepts Cash, Conventional, FHA, USDA and VA financing; Second mortgage: none
• HOA & community: No homeowners association

Exterior

• Parking: Paved parking; No garage or covered/carport spaces
• Security: Audio and video surveillance present
• Utilities: City water; City sewer; Not in a municipal utility district
• Home design: Single-family residence; One story; Property faces unspecified direction; Property is detached
• Construction: Built in 1940 (preowned); Siding and wood construction; Composition roof; Pillar/post/pier and slab foundation
• Exterior features: Covered porch(es); Patio; No fencing; No additional exterior structures

Interior

• Kitchen: Electric range; Microwave
• Bedrooms: Four bedrooms, all on the main level (includes a primary bedroom)
• Flooring: Laminate flooring; Vinyl flooring
• Bathrooms: Three full bathrooms
• Heating & cooling: Central heating; Additional heating (other); Electric cooling; Ceiling fans
• Interior features: Open single-level layout with 8 total rooms; One living area and one dining area; Accessible approach with ramp; Other interior features
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $425 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $230k).
• Recommended offer: $227k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 5.1% in Pittsburg — 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 (#144 in TX, #4,098 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: crime C-, amenities D+, employment D+.
• Pittsburg ISD (town): math 54% / reading 44% proficiency, ranked #216 of 826 in TX (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Pittsburg El (math 34% / reading 35%, grade F, #1,995 of 4,322 statewide, top 50%, 545 students, 80% FRL).
• Zoned-school proficiency averages 34% at this address vs 49% district-wide (-14 pts) — the specific schools serving this property underperform the Pittsburg ISD average; the district grade overstates school quality for this exact location.
• Market conditions: 313 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 3 units permitted in Camp County in 2024 (0 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.
• Camp County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($227k) is reasonable based on typical stale-listing flexibility.
• 5 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: built in 1940 — 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $226,550 (1.5% below list)

Questions for the listing agent

1. Built in 1940 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.00% ✓
• Cap rate: 8.51%
• Cash-on-cash: 7.91%
• DSCR: 1.35
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $263,120
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
105 Candy Dr	0.53mi	3/2.0 (-1)	1,855 (-8%)	15mo	$199,900	$108	40
421 Mt Pleasant St	0.64mi	3/2.0 (-1)	2,305 (+14%)	0mo	$299,000	$130	38
101 Branch St	0.52mi	3/2.0 (-1)	1,757 (-13%)	9mo	$248,000	$141	37

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: -4.3%
• Equity multiple: 0.84×
• Total profit: $-10,314
• Equity at exit: $34,294

10-year hold

• IRR: 5.4%
• Equity multiple: 1.40×
• Total profit: $25,490
• Equity at exit: $19,886

Cash invested: $64,400 (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 75686

• Home prices YoY: -21.6%
• Active inventory: 313
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $2,300 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$90 /mo · $1,085/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$483
• Net cashflow: $425

Break-even live

Break-even rent $1,763

Max offer price $230,000

Occupancy floor 77%

Sensitivity live

Price	-10% $555	-5% $490	+0% $425	+5% $359	+10% $294
Rent	-10% $243	-5% $334	+0% $425	+5% $515	+10% $606
Rate	-1.0pp $540	-0.5pp $483	base $425	+0.5pp $365	+1.0pp $304

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
421 Mount Pleasant St Pittsburg, TX	3.0	2.0	2305	$2,300	$1.00	14d	1	0.65mi

Listing history 15 events

1. 2026-05-15
   historical Active Option Contract 370-char remark

   Show marketing remark (367 chars)

   Come See - Come Buy! Completely remodeled 4 bedroom 3 bath home with new flooring, interior doors, fresh paint, plumbing & light fixtures, new HVAC unit, and much more. Chef's kitchen with custom cabinets, granite countertops, range/oven, and microwave. Your Search Has Ended! Set your appointment for this prime location near downtown shopping and restaurants.

2. 2026-05-15
   status Pending 367-char remark

   Show marketing remark (367 chars)

   Come See - Come Buy! Completely remodeled 4 bedroom 3 bath home with new flooring, interior doors, fresh paint, plumbing & light fixtures, new HVAC unit, and much more. Chef's kitchen with custom cabinets, granite countertops, range/oven, and microwave. Your Search Has Ended! Set your appointment for this prime location near downtown shopping and restaurants.

3. 2026-05-07
   listed $230,000 Active 370-char remark

   Show marketing remark (366 chars)

   Come See - Come Buy! Completely remodeled 4 bedroom 3 bath home with new flooring, interior doors, fresh paint, plumbing & light fixtures, new HVAC unit, and much more. Chef's kitchen with custom cabinets, granite countertops, range/oven, and microwave. Your Search Has Ended! Set your appointment for this prime location near downtown shopping and restaurants.

4. 2026-05-07
   listed $230,000 Active

   Show marketing remark (366 chars)

   Come See - Come Buy! Completely remodeled 4 bedroom 3 bath home with new flooring, interior doors, fresh paint, plumbing & light fixtures, new HVAC unit, and much more. Chef's kitchen with custom cabinets, granite countertops, range/oven, and microwave. Your Search Has Ended! Set your appointment for this prime location near downtown shopping and restaurants.

5. 2026-05-05
   listed $230,000 Active 367-char remark

   Show marketing remark (367 chars)

   Come See - Come Buy! Completely remodeled 4 bedroom 3 bath home with new flooring, interior doors, fresh paint, plumbing & light fixtures, new HVAC unit, and much more. Chef's kitchen with custom cabinets, granite countertops, range/oven, and microwave. Your Search Has Ended! Set your appointment for this prime location near downtown shopping and restaurants.

6. 2025-02-24
   soldstatus Closed
7. 2025-01-25
   historical
8. 2024-12-19
   price $49,000
9. 2024-11-12
   price $55,000
10. 2024-11-02
    status Active
11. 2024-10-25
    historical
12. 2024-09-20
    listed $60,000 Active
13. 2024-06-26
    soldstatus
14. 2017-08-16
    soldstatus
15. 1995-05-24
    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: $1,085 · $90/mo
• Projected year-2 tax: $4,209 · $351/mo
• Expected delta: +$3,124/yr (+$260/mo · 287.9%)

ⓘ 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 6/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥111°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,600
• − Mortgage interest: −$12,884
• − Property taxes: −$1,085
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,208
• − Management: −$2,208
• − Depreciation: −$6,691
• Taxable income: $1,374
• Est. tax owed @ 24.0%: −$330
• After-tax cash flow: $4,765/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: Pittsburg ISD
• NCES district ID: 4835010
• Math proficiency: 54% ▼ -16.00%
• Reading proficiency: 44% ▼ -16.00%
• Median HH income: $38,136
• Composite: 40.87/100
• National rank: #3627
• State rank: #216 of 826 in TX

Livability — Pittsburg

• Score: 75/100
• State rank: #144
• US rank: #4098

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pittsburg, TX
• Population (ZIP): 13,427

Population outlook (Camp County) Hauer SSP2

• Today (2025): 13,403 people
• By 2030: 13,741 · +2.5%
• By 2040: 14,436 · +7.7%
• By 2050: 15,135 · +12.9%
• By 2075: 16,836 · +25.6%
• By 2100: 17,582 · +31.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 52% Hispanic / Latino 28% Two or more races 16% Black 14% Asian 1%
• Hispanic origin (detail): Mexican 25%
• Common ancestry: Slovak 1% Scottish 1% Serbian 1%
• Foreign-born: 11% · Canada, Vietnam, Dominican Republic
• Languages at home: 79% English-only · Spanish 20% Vietnamese 1%

Political lean MEDSL · Camp

• 2024 margin: Solid R (+53.6) · D 22.9% · R 76.5%
• 2008→2024 swing: -30.3pp toward R · 2008: -23.3pp · 2024: -53.6pp
• All cycles: 2024: R+53.6 2020: R+44.1 2016: R+42.7 2012: R+33.5 2008: R+23.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -50.12%
• Current HPI: 181.5522
• 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

+283.3% since first listed

17 events — show timeline

• 2026-05-26 Pending — NTREIS
• 2026-05-26 Pending — LAAR
• 2026-05-15 Contingent — NTREIS
• 2026-05-15 Pending — GTAR
• 2026-05-07 Listed $230,000 LAAR
• 2026-05-07 Listed $230,000 NTREIS
• 2026-05-05 Listed $230,000 GTAR
• 2025-02-24 Sold (MLS) — GTAR
• 2025-01-25 Delisted — GTAR
• 2024-12-19 Price Changed $49,000 GTAR
• 2024-11-12 Price Changed $55,000 GTAR
• 2024-11-02 Relisted — GTAR
• 2024-10-25 Delisted — GTAR
• 2024-09-20 Listed $60,000 GTAR
• 2024-06-26 Sold (Public Records) — Public Records
• 2017-08-16 Sold (Public Records) — Public Records
• 1995-05-24 Sold (Public Records) — Public Records

Property tax history

+3.3%/yr

Latest (2025): $1,085 · -44.2% YoY. Source: county tax records.