1101 S 2nd St · Killeen, TX 76541

$80,000

3 bd · 2.0 ba · 1,203 sqft · SingleFamily public records · 26 Days on market

Built 1958 7,675 sqft lot Est $137k · 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 +27.9/30.0
• ARV discount +15.0/15.0
• DSCR +9.9/10.0
• 1% rule +9.0/10.0
• Appreciation +6.1/10.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0

Listing remarks

Great investment opportunity! This 3-bedroom, 1-bath home offers a functional layout with a nice living room and a cozy kitchen ready for your personal touch. Situated on a good-sized corner lot with a spacious backyard, there’s plenty of room for outdoor entertaining. This property is an investor special and needs some TLC, making it perfect for a fix-and-flip, rental, or someone looking to customize a home to their liking. With solid potential and room to add value, this is an opportunity you don’t want to miss.

Key facts

• Spacious backyard
• Outdoor entertaining
• Functional layout

Tags

• FUNCTIONAL LAYOUT
• SPACIOUS BACKYARD
• OUTDOOR ENTERTAINING

Property features AI

Exterior

• Parking: Detached or attached garage not specified, includes 1 garage space
• Utilities: Public water
• Home design: Single-story; Resale property; Pillar/post/pier foundation
• Construction: Vinyl siding; Composition/shingle roof; Built (year per assessor)
• Exterior features: Covered porch

Interior

• Kitchen: Electric range
• Bedrooms: Family room (listed as a primary room)
• Flooring: Hardwood; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; One cooling unit
• Interior features: Ceiling fans; Eat-in kitchen
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $247 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $79k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.0% 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: schools D+, amenities D, employment 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.
• Market conditions: Rents soft (-2.0%/yr); 123 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 68% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 3,222 units permitted in Bell County in 2024 (246 in 5+ unit buildings).
• This rent runs 36% of the median local income ($37k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $2k of equity ($553 loan paydown + $2k appreciation (2.3% local appreciation)).
• Bell County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (2.3% appreciation + 0.0% rent growth), your $22k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($79k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price; built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 61% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $78,800 (1.5% 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. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.40% ✓
• Cap rate: 9.99%
• Cash-on-cash: 13.22%
• DSCR: 1.59
• GRM: 5.9

CMA / ARV

• ARV (on-the-fly): $137,142
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1101 S 2nd St	0.00mi	3/1.0	1,203 (0%)	1mo	$67,000	$56	95
1016 San Antonio St	0.26mi	4/2.0 (+1)	1,225 (+2%)	7mo	$159,000	$130	74
917 Carrie Ave	0.49mi	3/1.5	1,327 (+10%)	2mo	$157,500	$119	56
302 E Fowler Ave	0.23mi	3/2.0	1,364 (+13%)	15mo	$165,400	$121	55
1302 S 2nd St	0.06mi	3/1.0	1,368 (+14%)	19mo	$105,000	$77	54
602 Brook Dr	0.68mi	2/1.0 (-1)	1,169 (-3%)	3mo	$45,000	$38	52
2305 Athens St	0.74mi	4/2.0 (+1)	1,120 (-7%)	2mo	$179,900	$161	47
508 Brook Dr	0.66mi	3/1.0	1,235 (+3%)	24mo	$95,000	$77	41
806 W Bryce Ave	0.59mi	4/2.0 (+1)	1,364 (+13%)	5mo	$88,000	$65	41
1312 Duval Dr	0.72mi	3/1.0	1,024 (-15%)	4mo	$105,000	$103	34
910 Sutton Dr	0.49mi	3/1.0	1,056 (-12%)	23mo	$120,000	$114	34
2207 Malakoff St	0.68mi	3/2.0	1,040 (-14%)	19mo	$170,000	$163	30

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

2.26% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 15.9%
• Equity multiple: 1.85×
• Total profit: $19,049
• Equity at exit: $32,691

10-year hold

• IRR: 16.2%
• Equity multiple: 3.05×
• Total profit: $45,983
• Equity at exit: $47,966

Cash invested: $22,400 (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 76541

• Home prices YoY: 1.4%
• Rents YoY: -2.0%
• Active inventory: 123
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,123 high
• Mortgage (P&I): −$420
• Tax from tax record: −$188 /mo · $2,252/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $247

Break-even live

Break-even rent $811

Max offer price $80,000

Occupancy floor 73%

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
208 E Voelter Ave Killeen, TX	3.0	2.0	1215	$995	$0.82	23d	1	0.15mi
118 E Fowler Ave Killeen, TX	3.0	1.0	902	$875	$0.97	43d	1	0.16mi
1405 Van Zanten Ct Apt A Killeen, TX	2.0	1.5	915	$775	$0.85	43d	1	0.18mi
912 Southside Dr Killeen, TX	3.0	1.0	841	$995	$1.18	43d	1	0.19mi
919 Southside Dr Killeen, TX	3.0	1.0	925	$1,300	$1.41	43d	1	0.21mi
910 San Antonio St Killeen, TX	3.0	1.0	1208	$995	$0.82	43d	1	0.24mi
1003 San Antonio St Killeen, TX	4.0	1.0	1452	$1,095	$0.75	43d	1	0.26mi
1602 Van Zanten Dr Unit A Killeen, TX	2.0	2.0	953	$850	$0.89	23d	1	0.26mi
907 San Antonio St Killeen, TX	3.0	1.5	1303	$1,195	$0.92	43d	1	0.26mi
409 Short Ave Killeen, TX	4.0	2.0	1220	$1,300	$1.07	43d	1	0.29mi
201 E Bryce Dr Killeen, TX	1.0–2.0	1.0	620	$1,010	$1.63	43d	9	0.30mi
909 Houston St Killeen, TX	3.0	2.0	1200	$1,195	$1.00	43d	1	0.34mi
806 Houston St Killeen, TX	2.0	1.0	748	$900	$1.20	43d	1	0.37mi
1417 Jasper Garden Ct Killeen, TX	3.0	2.0	1477	$1,675	$1.13	43d	1	0.39mi
501 W Central Texas Expy Killeen, TX	1.0–2.0	1.0–2.0	650	$1,265	$1.95	13d	34	0.45mi
603 Wolf St Killeen, TX	3.0	1.0	786	$952	$1.21	43d	1	0.46mi
614 Stringer St Killeen, TX	1.0–2.0	1.0	607	$699	$1.15	13d	8	0.53mi
1313 Elia St Killeen, TX	3.0	1.5	1104	$1,050	$0.95	43d	1	0.54mi
605 Stringer St Unit A Killeen, TX	3.0	2.5	1334	$1,500	$1.12	43d	1	0.56mi
907 Wells St Killeen, TX	3.0	1.0	1050	$950	$0.90	23d	1	0.57mi
512 Raymond St Killeen, TX	3.0	2.5	1336	$1,300	$0.97	43d	1	0.60mi
512 Raymond St Unit B Killeen, TX	3.0	2.5	1336	$1,300	$0.97	23d	1	0.60mi
913 Estelle Ave Killeen, TX	4.0	2.0	1292	$1,445	$1.12	13d	1	0.62mi
1302 Redondo Dr Killeen, TX	3.0	1.0	1327	$1,200	$0.90	43d	1	0.64mi
724 Carrie Ave Killeen, TX	3.0	1.0	1100	$1,000	$0.91	43d	1	0.70mi
1306 Duvall Dr Killeen, TX	3.0	1.0	1000	$1,025	$1.02	43d	1	0.72mi
1305 Arkansas Ave Killeen, TX	3.0	2.0	1276	$1,300	$1.02	23d	1	0.75mi
1414 Alta Mira Dr Killeen, TX	3.0	1.0	1294	$1,099	$0.85	23d	1	0.79mi
1402 Missouri Ave Killeen, TX	3.0	1.5	1052	$1,525	$1.45	43d	1	0.86mi
1401 Illinois Ave Killeen, TX	3.0	1.5	1130	$1,250	$1.11	43d	1	0.86mi
200 Lowes Blvd Unit B Killeen, TX	3.0	2.0	1340	$1,350	$1.01	23d	1	0.88mi
202 Lowes Blvd Unit A Killeen, TX	3.0	2.0	1340	$1,350	$1.01	43d	1	0.89mi
312 Lowes Blvd Unit B Killeen, TX	3.0	2.0	1340	$1,299	$0.97	43d	1	0.92mi
2203 Jennifer Dr Unit 3 Killeen, TX	2.0	1.0	800	$775	$0.97	23d	1	0.93mi
309 Root Ave Unit 1 Killeen, TX	2.0	1.0	700	$850	$1.21	13d	1	0.97mi
717 Norris Ave Killeen, TX	3.0	1.0	1118	$1,000	$0.89	43d	1	0.97mi
1513 Missouri Ave Killeen, TX	3.0	2.0	1266	$1,300	$1.03	43d	1	0.99mi
1005 Bonner Dr Killeen, TX	3.0	2.0	1347	$1,300	$0.97	43d	1	1.00mi
1505 S W S Young Dr Killeen, TX	4.0	1.0	1441	$1,150	$0.80	23d	1	1.02mi
207 Cloud St Killeen, TX	2.0	1.0	894	$797	$0.89	43d	1	1.03mi

Listing history 6 events

1. 2026-05-17
   status Pending
2. 2026-04-29
   historical Active Under Contract
3. 2026-04-20
   listed $80,000 Active
4. 2002-12-27
   soldstatus
5. 1997-02-03
   soldstatus
6. 1988-05-31
   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: $2,252 · $188/mo
• Projected year-2 tax: $2,252 · $188/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥107°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 61% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,478
• − Mortgage interest: −$4,481
• − Property taxes: −$2,252
• − Insurance: −$400
• − Repairs & maintenance: −$1,078
• − Management: −$1,078
• − Depreciation: −$2,327
• Taxable income: $1,861
• Est. tax owed @ 24.0%: −$447
• After-tax cash flow: $2,515/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: 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

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

• Census place: Killeen, TX
• County: Bell County · 345,090 people
• City population: 163,398
• Metro: Killeen-Temple, TX
• Population (ZIP): 19,011
• Household income: $37,349
• Rent vs Own: 76.4% rent · 23.6% own
• Severe rent burden: 1668.0

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%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: Hispanic / Latino 32% White 31% Black 27% Two or more races 10% Asian 3% Pacific Islander 1%
• Hispanic origin (detail): Mexican 21% Puerto Rican 6% Dominican 1%
• Common ancestry: Italian 2% Slovak 1% Lithuanian 1%
• Foreign-born: 14% · Canada, Vietnam, South Korea
• Languages at home: 69% English-only · Spanish 25% German/W. Germanic 2% Korean 1%

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: ▲ 2.26%
• Current HPI: 168.1206
• Rent YoY: ▼ -2.00%
• Metro: Killeen-Temple, 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

6 events — show timeline

• 2026-05-17 Pending — CTXMLS
• 2026-04-29 Contingent — CTXMLS
• 2026-04-20 Listed $80,000 CTXMLS
• 2002-12-27 Sold (Public Records) — Public Records
• 1997-02-03 Sold (Public Records) — Public Records
• 1988-05-31 Sold (Public Records) — Public Records

Property tax history

+8.8%/yr

Latest (2025): $2,252 · +2.5% YoY. Source: county tax records.