1401 Bridge St · Gatesville, TX 76528

$145,000

3 bd · 1.0 ba · 1,260 sqft · SingleFamily public records · 49 Days on market

Built 1945 4,268 sqft lot $115/sqft · 9% below area Est $159k · 9% 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 +22.3/30.0
• ARV discount +11.6/15.0
• DSCR +7.1/10.0
• 1% rule +5.7/10.0
• Schools +3.4/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome To Old World Charm In Gatesville! 1401 Bridge Street Is Reminiscent of Earlier Times With A Front Wrap Around Porch, Large Pecan Trees, And An Rear Driveway. The Layout Consists of 3 Bed Rooms / 2 Full Baths/ 1 Living / & 1 Dining Area. The Front Entry Located Directly Off the Welcoming Porch Is Very Inviting With A Faux Fireplace for Holiday Decorating & Warmth. Bridge Street Also Boasts Of A Larger Dining Room {13.5 x 16.75} with Immediate Access To The Kitchen. The Flooring Is a combination of Ceramic Tile in the Wet Areas and Vinyl Floors in the remainder. The house itself is a basic floor Plan but is an ideal location and with some updating the Beauty could be re

Key facts

• Large pecan trees
• Larger dining room
• Metal roof

Tags

• FRONT WRAP AROUND PORCH
• LARGE PECAN TREES
• REAR DRIVEWAY
• FAUX FIREPLACE
• LARGER DINING ROOM
• METAL ROOF

Property features AI

Finance

• HOA & community: Curbs

Exterior

• Parking: No garage
• Security: Smoke detectors
• Utilities: Cable available; Electricity available; Phone available; Public water; Public sewer
• Home design: Single-story residence; Faces south; Resale property; Pillar/post/pier foundation
• Construction: Metal roof; Lap siding and redwood siding; Year built per assessor
• Exterior features: Covered patio; Covered patio/porch; Chain link fencing; Corner city lot with mature trees; Level site, less than quarter acre; City street frontage

Interior

• Kitchen: Dishwasher; Electric range / range; Range hood
• Bedrooms: Bedroom 3 on main level (11.25 x 14.0); Bedroom 2 on main level (10.5 x 11.5); Additional bedroom on main level (11.5 x 13.75)
• Flooring: Ceramic tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (one unit, electric)
• Interior features: Ceiling fans; Laminate counters; Tub/shower; Vanity; Window treatments; Kitchen/dining combo; Decorative living room fireplace
• Laundry & utility: Laundry room / utility room; Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $239 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $141k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 3.9% in Gatesville — 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 65/100 on livability (#702 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: employment C-, schools F, amenities F.
• Gatesville ISD (town): math 38% / reading 42% proficiency, ranked #409 of 826 in TX (top 50%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 222 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 386 units permitted in Coryell County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 13y 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 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 46% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,650 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.07% ✓
• Cap rate: 8.27%
• Cash-on-cash: 7.07%
• DSCR: 1.31
• GRM: 7.8

CMA / ARV

• ARV (median comp): $159,357
• List price: $145,000
• Delta: -9.01%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
608 Live Oak St	0.29mi	3/1.0	1,230 (-2%)	10mo	$175,000	$142	74
1417 Pleasant St	0.08mi	2/1.0 (-1)	1,176 (-7%)	12mo	$100,000	$85	70
1208 Mills St	0.44mi	3/2.0	1,314 (+4%)	1mo	$230,000	$175	68
1210 Mills St	0.44mi	3/2.0	1,314 (+4%)	1mo	$230,000	$175	67
1407 Mill St	0.43mi	3/2.0	1,226 (-3%)	5mo	$235,000	$192	67
1500 E Main St	0.10mi	2/1.0 (-1)	1,083 (-14%)	4mo	$138,500	$128	64
217 Spindletop St	0.38mi	3/2.0	1,347 (+7%)	5mo	$208,000	$154	62
1908 Waco St	0.41mi	2/2.0 (-1)	1,148 (-9%)	6mo	$130,000	$113	52
502 S 5th St	0.56mi	2/1.0 (-1)	1,138 (-10%)	1mo	$153,000	$134	52
609 S 7th St	0.49mi	3/2.0	1,104 (-12%)	15mo	$176,640	$160	40
114 Hillcrest Dr	0.71mi	3/1.5	1,120 (-11%)	9mo	$140,000	$125	39
2004 Saunders St	0.42mi	4/2.0 (+1)	1,416 (+12%)	20mo	$100,000	$71	34

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: -5.5%
• Equity multiple: 0.80×
• Total profit: $-8,243
• Equity at exit: $21,620

10-year hold

• IRR: 4.2%
• Equity multiple: 1.31×
• Total profit: $12,495
• Equity at exit: $12,537

Cash invested: $40,600 (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 76528

• Home prices YoY: -24.2%
• Active inventory: 222
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,547 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$162 /mo · $1,942/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $239

Break-even live

Break-even rent $1,244

Max offer price $145,000

Occupancy floor 80%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
114 Oak Lane Dr Gatesville, TX	3.0	2.0	1170	$1,550	$1.32	13d	1	0.75mi
213 Stillhouse Rd Gatesville, TX	3.0	2.0	1750	$1,380	$0.79	13d	1	1.19mi
1315 Greens Private Dr Gatesville, TX	3.0	2.0	1600	$1,350	$0.84	13d	1	1.31mi

Listing history 20 events

1. 2026-06-18
   days on market $145,000 Active 49 DOM
2. 2026-06-17
   days on market $145,000 Active 48 DOM
3. 2026-06-16
   days on market $145,000 Active 47 DOM
4. 2026-06-15
   days on market $145,000 Active 46 DOM
5. 2026-06-14
   days on market $145,000 Active 44 DOM
6. 2026-06-13
   days on market $145,000 Active 43 DOM
7. 2026-06-10
   days on market $145,000 Active 41 DOM
8. 2026-06-09
   days on market $145,000 Active 40 DOM
9. 2026-06-08
   days on market $145,000 Active 39 DOM
10. 2026-06-07
    days on market $145,000 Active 38 DOM
11. 2026-06-05
    days on market $145,000 Active 35 DOM
12. 2026-06-03
    days on market $145,000 Active 34 DOM
13. 2026-06-02
    days on market $145,000 Active 33 DOM
14. 2026-06-01
    days on market $145,000 Active 32 DOM
15. 2026-05-31
    days on market $145,000 Active 31 DOM
16. 2026-05-30
    days on market $145,000 Active 30 DOM
17. 2026-04-30
    listed $145,000 Active 972-char remark
18. 2014-01-29
    historical
19. 2013-09-26
    listed $67,000
20. 2006-04-26
    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: $1,942 · $162/mo
• Projected year-2 tax: $2,654 · $221/mo
• Expected delta: +$712/yr (+$59/mo · 36.7%)

ⓘ 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 7/10 Severe 7 d/yr ≥108°F today · 23 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 46% 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: $18,561
• − Mortgage interest: −$8,122
• − Property taxes: −$1,942
• − Insurance: −$725
• − Repairs & maintenance: −$1,485
• − Management: −$1,485
• − Depreciation: −$4,218
• Taxable income: $584
• Est. tax owed @ 24.0%: −$140
• After-tax cash flow: $2,732/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: Gatesville ISD
• NCES district ID: 4820500
• Math proficiency: 38% ▼ -3.00%
• Reading proficiency: 42% ▬ 0.00%
• Median HH income: $47,114
• Composite: 34.21/100
• National rank: #5264
• State rank: #409 of 826 in TX

Livability — Gatesville

• Score: 65/100
• State rank: #702
• US rank: #13121

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gatesville, TX
• County: Coryell County · 61,053 people
• City population: 18,935
• Metro: Killeen-Temple, TX
• Population (ZIP): 18,935
• Household income: $70,558
• Rent vs Own: 29.5% rent · 70.5% own
• Severe rent burden: 243.0

Population outlook (Coryell County) Hauer SSP2

• Today (2025): 75,485 people
• By 2030: 75,627 · +0.2%
• By 2040: 74,898 · -0.8%
• By 2050: 74,221 · -1.7%
• By 2075: 72,688 · -3.7%
• By 2100: 66,862 · -11.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Hispanic / Latino 16% Two or more races 15% Black 4% Asian 1%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Slovak 2% Lithuanian 2% Serbian 1%
• Foreign-born: 5% · Canada, South Korea
• Languages at home: 87% English-only · Spanish 10% German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · Coryell

• 2024 margin: Solid R (+40.7) · D 29.1% · R 69.8% · Other 1.1%
• 2008→2024 swing: -13.8pp toward R · 2008: -26.9pp · 2024: -40.7pp
• All cycles: 2024: R+40.7 2020: R+33.5 2016: R+39.5 2012: R+36.6 2008: R+26.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -66.18%
• Current HPI: 206.6876
• Rent YoY: —
• 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

+116.4% since first listed

4 events — show timeline

• 2026-04-30 Listed $145,000 CTXMLS
• 2014-01-29 Listing Removed — CTXMLS
• 2013-09-26 Listed $67,000 CTXMLS
• 2006-04-26 Sold (Public Records) — Public Records

Property tax history

+7.7%/yr

Latest (2025): $1,942 · +2.5% YoY. Source: county tax records.