3705 La Junta · Big Spring, TX 79720

$185,000

3 bd · 2.0 ba · 1,670 sqft · SingleFamily public records · 53 Days on market

Built 1963 6,882 sqft lot $111/sqft · 29% below area Est $260k · 29% under ↓ 12% since listing

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Why this score? — see what drove the D- 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).

• ARV discount +15.0/15.0
• Cash flow +7.1/30.0
• Livability +3.1/5.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• DSCR +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks

This 3 bedroom, 2 bath is the perfect starter home. Relax in the cozy oversized living room with a fireplace and enjoy the open floorplan. A fully fenced, low maintenance backyard. This home is full of possibilities and ready to make your own!

Key facts

• 6,882 sq ft lot
• Garage
• Built 1963

Property features AI

Exterior

• Parking: Detached or attached garage with 1 car space
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story
• Construction: Brick veneer exterior; Composition roof; Slab foundation
• Exterior features: Wood fence; Lot in Wasson Place subdivision

Interior

• Flooring: Carpet; Tile
• Bathrooms: Two full bathrooms
• Heating & cooling: Central air; Ceiling fans
• Interior features: Gas water heater; Fireplace in the living room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $-265 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $138k (25.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $140k (24.6% below list).
• Recommended offer: $138k (25.3% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 62/100 on livability (#948 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, crime F, amenities F.
• Big Spring ISD (town): math 29% / reading 30% proficiency, ranked #641 of 826 in TX (top 78%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Marcy El (360 students, 76% FRL); Big Spring J H (math 25% / reading 34%, grade F, #1,077 of 1,662 statewide, top 66%, 516 students, 70% FRL); Big Spring H S (math 23% / reading 30%, grade F, #1,228 of 1,632 statewide, top 76%, 1,084 students, 67% FRL).
• Market conditions: 270 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 69 units permitted in Howard County in 2024 (5 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 $6k of value loss. Plan a longer hold.
• Howard County population projected at +42% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 53 days — a 3% lower offer ($179k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $138,263 (25.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 53 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. Crime grade is F 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.75% ✗
• Cap rate: 4.58%
• Cash-on-cash: -6.13%
• DSCR: 0.73
• GRM: 11.0

CMA / ARV

• ARV (median comp): $259,826
• List price: $185,000
• Delta: -28.80%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -26.8%
• Equity multiple: 0.10×
• Total profit: $-46,753
• Equity at exit: $27,584

10-year hold

• IRR: -24.1%
• Equity multiple: -0.20×
• Total profit: $-62,103
• Equity at exit: $15,995

Cash invested: $51,800 (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 79720

• Active inventory: 270
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $1,396 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$320 /mo · $3,838/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $-265

Break-even live

Break-even rent $1,731

Max offer price $138,263

Occupancy floor —

Sensitivity live

Price	-10% $-160	-5% $-212	+0% $-265	+5% $-317	+10% $-369
Rent	-10% $-375	-5% $-320	+0% $-265	+5% $-209	+10% $-154
Rate	-1.0pp $-171	-0.5pp $-218	base $-265	+0.5pp $-313	+1.0pp $-361

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3304 West St Big Spring, TX	3.0	1.0	1520	$1,119	$0.74	4d	1	0.55mi
801 W Marcy Dr Big Spring, TX	2.0	2.0	1276	$1,166	$0.91	14d	1	1.43mi

Listing history 25 events

1. 2026-06-22
   days on market $185,000 Active 53 DOM
2. 2026-06-21
   days on market $185,000 Active 52 DOM
3. 2026-06-19
   days on market $185,000 Active 50 DOM
4. 2026-06-18
   days on market $185,000 Active 49 DOM
5. 2026-06-17
   days on market $185,000 Active 48 DOM
6. 2026-06-16
   days on market $185,000 Active 47 DOM
7. 2026-06-15
   days on market $185,000 Active 46 DOM
8. 2026-06-14
   days on market $185,000 Active 44 DOM
9. 2026-06-12
   days on market $185,000 Active 43 DOM
10. 2026-06-09
    days on market $185,000 Active 40 DOM
11. 2026-06-08
    days on market $185,000 Active 39 DOM
12. 2026-06-07
    days on market $185,000 Active 38 DOM
13. 2026-06-05
    days on market $185,000 Active 35 DOM
14. 2026-06-02
    days on market $185,000 Active 33 DOM
15. 2026-06-01
    days on market $185,000 Active 32 DOM
16. 2026-05-31
    days on market $185,000 Active 31 DOM
17. 2026-05-30
    days on market $185,000 Active 30 DOM
18. 2026-04-30
    listed $185,000 Active 243-char remark
19. 2022-10-10
    price $199,000
20. 2022-08-29
    price $210,000
21. 2019-04-23
    soldstatus
22. 2018-05-18
    soldstatus
23. 2017-11-30
    soldstatus
24. 2001-06-21
    soldstatus
25. 2000-02-17
    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: $3,838 · $320/mo
• Projected year-2 tax: $3,838 · $320/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 10/10 Extreme
• 🌡 Heat 6/10 Major 7 d/yr ≥102°F today · 22 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% 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: $16,747
• − Mortgage interest: −$10,363
• − Property taxes: −$3,838
• − Insurance: −$925
• − Repairs & maintenance: −$1,340
• − Management: −$1,340
• − Depreciation: −$5,382
• Taxable loss: −$6,440
• Est. tax savings @ 24.0%: +$1,546
• After-tax cash flow: $-1,629/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: Big Spring ISD
• NCES district ID: 4810200
• Math proficiency: 29% ▼ -1.00%
• Reading proficiency: 30% ▲ 4.00%
• Median HH income: $42,916
• Composite: 25.11/100
• National rank: #7529
• State rank: #641 of 826 in TX

Livability — Big Spring

• Score: 62/100
• State rank: #948
• US rank: #16886

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Big Spring, TX
• County: Howard County · 29,936 people
• City population: 29,936
• Metro: Big Spring, TX
• Population (ZIP): 29,936
• Household income: $68,785
• Rent vs Own: 30.8% rent · 69.2% own
• Severe rent burden: 638.0

Population outlook (Howard County) Hauer SSP2

• Today (2025): 43,396 people
• By 2030: 46,792 · +7.8%
• By 2040: 54,096 · +24.7%
• By 2050: 61,707 · +42.2%
• By 2075: 79,809 · +83.9%
• By 2100: 87,385 · +101.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: Hispanic / Latino 45% White 45% Two or more races 17% Black 5% Asian 1%
• Hispanic origin (detail): Mexican 37%
• Common ancestry: Slovak 1% Italian 1% Lithuanian 1%
• Foreign-born: 10% · Canada
• Languages at home: 71% English-only · Spanish 28%

Political lean MEDSL · Howard

• 2024 margin: Solid R (+62.8) · D 18.2% · R 81.1%
• 2008→2024 swing: -16.6pp toward R · 2008: -46.3pp · 2024: -62.8pp
• All cycles: 2024: R+62.8 2020: R+58.4 2016: R+56.0 2012: R+58.2 2008: R+46.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -207.13%
• Current HPI: 140.8159
• Rent YoY: —
• Metro: Big Spring, 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

-11.9% since first listed

8 events — show timeline

• 2026-04-30 Listed $185,000 PBBOR
• 2022-10-10 Price Changed $199,000 PBBOR
• 2022-08-29 Price Changed $210,000 PBBOR
• 2019-04-23 Sold (Public Records) — Public Records
• 2018-05-18 Sold (Public Records) — Public Records
• 2017-11-30 Sold (Public Records) — Public Records
• 2001-06-21 Sold (Public Records) — Public Records
• 2000-02-17 Sold (Public Records) — Public Records

Property tax history

+4.9%/yr

Latest (2025): $3,838 · +20.5% YoY. Source: county tax records.