106 E Magnolia Ave · Electra, TX 76360

$79,000

2 bd · 1.0 ba · 1,124 sqft · SingleFamily public records · 106 Days on market

Built 1935 0.48 ac lot $70/sqft · 171% above area

---

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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• ARV discount +7.5/15.0
• Appreciation +5.6/10.0
• Livability +3.3/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Seller will finance. Welcome to 106 E. Magnolia Ave. Electra, TX. With almost a half acre of land, this home has lots of space to move around. Outside you will find a large front porch, 2 carport, detached garage with mulitple storage areas and a former water feature in the back yard. Inside features a full remodel including all new wiring, plumbing, insulation, sheetrock, paint, flooring and more. The refinished hardwoods and attention to detail on the rehab make this one stand out. Schedule your showing today. Seller is a licenced broker in Texas.

Key facts

• New wiring
• Large front porch
• Full remodel

Tags

• HALF ACRE OF LAND
• LARGE FRONT PORCH
• DETACHED GARAGE
• MULTIPLE STORAGE AREAS
• FULL REMODEL
• NEW WIRING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $79k.

Deal economics

• At list price, monthly cash flow is $403 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $79k).
• Recommended offer: $72k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#647 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: health & safety C-, schools D+, amenities F.
• Electra ISD (town): math 35% / reading 39% proficiency, ranked #494 of 826 in TX (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 48 active listings in the ZIP; 231 units permitted in Wichita County in 2024 (10 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($546 loan paydown + $900 appreciation (1.1% local appreciation)).
• Wichita County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (1.1% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 106 days — a 9% lower offer ($72k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 3y 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 1935 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $71,890 (9.0% below list)

Questions for the listing agent

1. It's been on market 106 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1935 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.42% ✓
• Cap rate: 12.41%
• Cash-on-cash: 21.86%
• DSCR: 1.97
• GRM: 5.9

CMA / ARV

• ARV (median comp): $29,166
• List price: $79,000
• Delta: 170.86%
• Verdict: OVERPRICED
• Comps: 11 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
300 S Waggoner St	0.29mi	3/2.0 (+1)	1,216 (+8%)	6mo	$16,900	$14	58

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

Projected returns pro-forma

1.14% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 24.3%
• Equity multiple: 2.25×
• Total profit: $27,662
• Equity at exit: $27,545

10-year hold

• IRR: 26.9%
• Equity multiple: 4.28×
• Total profit: $72,555
• Equity at exit: $37,055

Cash invested: $22,120 (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 76360

• Home prices YoY: 1.1%
• Active inventory: 48
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,123 medium
• Mortgage (P&I): −$414
• Tax from tax record: −$37 /mo · $449/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $403

Break-even live

Break-even rent $613

Max offer price $79,000

Occupancy floor 59%

Sensitivity live

Price	-10% $448	-5% $425	+0% $403	+5% $381	+10% $358
Rent	-10% $314	-5% $359	+0% $403	+5% $447	+10% $492
Rate	-1.0pp $443	-0.5pp $423	base $403	+0.5pp $382	+1.0pp $362

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-21
   days on market $79,000 Active 106 DOM
2. 2026-06-18
   days on market $79,000 Active 104 DOM
3. 2026-06-17
   days on market $79,000 Active 103 DOM
4. 2026-06-16
   days on market $79,000 Active 102 DOM
5. 2026-06-15
   days on market $79,000 Active 101 DOM
6. 2026-06-13
   days on market $79,000 Active 99 DOM
7. 2026-06-12
   days on market $79,000 Active 98 DOM
8. 2026-06-09
   days on market $79,000 Active 95 DOM
9. 2026-06-08
   days on market $79,000 Active 94 DOM
10. 2026-06-08
    days on market $79,000 Active 93 DOM
11. 2026-06-07
    days on market $79,000 Active 92 DOM
12. 2026-06-03
    days on market $79,000 Active 89 DOM
13. 2026-06-02
    days on market $79,000 Active 88 DOM
14. 2026-06-01
    days on market $79,000 Active 87 DOM
15. 2026-05-31
    days on market $79,000 Active 86 DOM
16. 2026-03-06
    listed $79,000 Active 555-char remark

    Show marketing remark (555 chars)

    Seller will finance. Welcome to 106 E. Magnolia Ave. Electra, TX. With almost a half acre of land, this home has lots of space to move around. Outside you will find a large front porch, 2 carport, detached garage with mulitple storage areas and a former water feature in the back yard. Inside features a full remodel including all new wiring, plumbing, insulation, sheetrock, paint, flooring and more. The refinished hardwoods and attention to detail on the rehab make this one stand out. Schedule your showing today. Seller is a licenced broker in Texas.

17. 2024-08-22
    historical
18. 2024-08-12
    soldstatus
19. 2024-07-08
    listed $21,000 Active
20. 2024-06-17
    historical
21. 2024-06-17
    historical
22. 2024-06-10
    listed $21,000 Active
23. 2024-04-14
    status Pending
24. 2024-04-14
    historical
25. 2024-02-17
    price $20,500
26. 2024-02-09
    listed $20,500 Active
27. 2024-01-25
    listed $80,000 Active
28. 2023-11-27
    historical
29. 2023-01-22
    listed $75,000 Active

ⓘ 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: $449 · $37/mo
• Projected year-2 tax: $1,446 · $120/mo
• Expected delta: +$997/yr (+$83/mo · 222.3%)

ⓘ 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 9/10 Extreme
• 🌡 Heat 6/10 Major 6 d/yr ≥109°F today · 17 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% 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: $13,481
• − Mortgage interest: −$4,425
• − Property taxes: −$449
• − Insurance: −$395
• − Repairs & maintenance: −$1,079
• − Management: −$1,079
• − Depreciation: −$2,298
• Taxable income: $3,757
• Est. tax owed @ 24.0%: −$902
• After-tax cash flow: $3,934/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: Electra ISD
• NCES district ID: 4818330
• Math proficiency: 35% ▼ -5.00%
• Reading proficiency: 39% ▼ -1.00%
• Median HH income: $39,107
• Composite: 30.95/100
• National rank: #6109
• State rank: #494 of 826 in TX

Livability — Electra

• Score: 66/100
• State rank: #647
• US rank: #12245

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Electra, TX
• Population (ZIP): 2,692

Population outlook (Wichita County) Hauer SSP2

• Today (2025): 129,638 people
• By 2030: 128,366 · -1.0%
• By 2040: 124,466 · -4.0%
• By 2050: 120,499 · -7.0%
• By 2075: 113,884 · -12.2%
• By 2100: 101,818 · -21.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Hispanic / Latino 18% Two or more races 9% Black 4%
• Hispanic origin (detail): Mexican 17%
• Common ancestry: Slovak 3% Italian 2% Iranian 1%
• Foreign-born: 1% · Canada
• Languages at home: 93% English-only · Spanish 6%

Political lean MEDSL · Wichita

• 2024 margin: Solid R (+44.0) · D 27.5% · R 71.5%
• 2008→2024 swing: -5.2pp toward R · 2008: -38.9pp · 2024: -44.0pp
• All cycles: 2024: R+44.0 2020: R+41.1 2016: R+49.7 2012: R+47.1 2008: R+38.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.14%
• Current HPI: 106.7145
• 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

+5.3% since first listed

14 events — show timeline

• 2026-03-06 Listed $79,000 NTREIS
• 2024-08-22 Listing Removed — NTREIS
• 2024-08-12 Sold (Public Records) — Public Records
• 2024-07-08 Listed $21,000 NTREIS
• 2024-06-17 Listing Removed — NTREIS
• 2024-06-17 Listing Removed — NTREIS
• 2024-06-10 Listed $21,000 NTREIS
• 2024-04-14 Pending — NTREIS
• 2024-04-14 Listing Removed — NTREIS
• 2024-02-17 Price Changed $20,500 NTREIS
• 2024-02-09 Listed $20,500 NTREIS
• 2024-01-25 Listed $80,000 NTREIS
• 2023-11-27 Listing Removed — NTREIS
• 2023-01-22 Listed $75,000 NTREIS

Property tax history

+12.7%/yr

Latest (2025): $449 · +26.2% YoY. Source: county tax records.