3919 El Dorado · New Braunfels, TX 78130

$200,999

3 bd · 2.0 ba · 1,402 sqft · SingleFamily · 10 Days on market

Built 2024 4,791 sqft lot Est $314k · 36% under · waterfront $100/mo HOA · 6% of rent

---

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 +11.1/30.0
• Schools +5.2/10.0
• Livability +4.2/5.0
• 1% rule +3.9/10.0
• DSCR +3.2/10.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

The Kitson- An inviting open-concept floorplan serves as the heart of this single-level home, providing for seamless transitions between the kitchen, dining area and family room. A restful owner's suite is located at the back of home, featuring a comfortable bedroom, en-suite bathroom and walk-in closet. Two secondary bedrooms can be found off the entry. Estimated COE March 2026.

Key facts

• Walk-in closet
• Secondary bedrooms
• En-suite bathroom

Tags

• OPEN-CONCEPT FLOORPLAN
• OWNER'S SUITE
• EN-SUITE BATHROOM
• WALK-IN CLOSET
• SECONDARY BEDROOMS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $201k.

Deal economics

• At list price, monthly cash flow is $-80 ($-962/yr) — negative.
• To cash-flow at today's rent, offer at most $189k (5.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $178k (11.3% below list).
• Recommended offer: $178k (11.3% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 3.3% in New Braunfels — 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 83/100 on livability (#9 in TX, #925 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, housing A+, health & safety A+; Watch: commute F.
• Comal ISD (rural): math 57% / reading 59% proficiency, ranked #58 of 826 in TX (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Oak Creek El (math 53% / reading 57%, grade C, #602 of 4,322 statewide, top 14%, 765 students, 37% FRL); Church Hill Middle (math 64% / reading 60%, grade B+, #134 of 1,662 statewide, top 8%, 748 students, 29% FRL); Canyon H S (math 59% / reading 65%, grade B-, #237 of 1,632 statewide, top 16%, 2,348 students, 35% FRL) — zoned schools at 34% FRL track the district average.
• Market conditions: Rents soft (-2.0%/yr); 1931 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,420 units permitted in Comal County in 2024 (1,164 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.
• Comal County population projected at +70% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts; this cycle's ask is 12868% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Recommended offer $178,342 (11.3% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
7. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
8. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
9. 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.
10. 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.
11. 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: 0.89% ✗
• Cap rate: 5.81%
• Cash-on-cash: -1.71%
• DSCR: 0.92
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $314,188
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3919 El Dorado	0.00mi	3/2.0	1,402 (0%)	3mo	$200,999	$143	98
305 Tahoe Ave	0.02mi	3/2.0	1,402 (0%)	3mo	$203,999	$146	96
290 Tahoe Ave	0.06mi	3/2.0	1,402 (0%)	4mo	$208,999	$149	93
281 Inyo St	0.15mi	3/2.0	1,510 (+8%)	1mo	$235,999	$156	80
306 Tahoe Ave	0.05mi	3/2.0	1,266 (-10%)	5mo	$219,999	$174	77
3915 El Dorado	0.00mi	4/2.0 (+1)	1,575 (+12%)	3mo	$265,999	$169	72
115 Trifle Trl	0.55mi	3/2.5	1,392 (-1%)	1mo	$299,990	$216	70
294 Tahoe Ave	0.06mi	4/2.0 (+1)	1,575 (+12%)	4mo	$261,999	$166	69
301 Tahoe Ave	0.03mi	4/2.0 (+1)	1,600 (+14%)	2mo	$211,459	$132	68
298 Tahoe Ave	0.06mi	4/2.0 (+1)	1,600 (+14%)	3mo	$221,999	$139	66
131 Trifle Trl	0.57mi	3/2.0	1,194 (-15%)	6mo	$293,990	$246	44
119 Trifle Trl	0.56mi	3/2.0	1,194 (-15%)	8mo	$299,990	$251	43

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -22.8%
• Equity multiple: 0.24×
• Total profit: $-42,814
• Equity at exit: $29,970

10-year hold

• IRR: -28.6%
• Equity multiple: -0.13×
• Total profit: $-63,695
• Equity at exit: $17,379

Cash invested: $56,280 (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 78130

• Rents YoY: -2.0%
• Active inventory: 1931
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,783 high
• Mortgage (P&I): −$1,054
• Tax est. 1.5%: −$251 /mo · $3,015/yr
• Insurance: −$84
• HOA: −$100
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $-80

Break-even live

Break-even rent $1,885

Max offer price $189,400

Occupancy floor 99%

Sensitivity live

Price	-10% $59	-5% $-11	+0% $-80	+5% $-150	+10% $-219
Rent	-10% $-221	-5% $-151	+0% $-80	+5% $-10	+10% $61
Rate	-1.0pp $21	-0.5pp $-29	base $-80	+0.5pp $-132	+1.0pp $-185

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: $50,250
• Closing costs: $6,030
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
301 Tahoe Ave New Braunfels, TX	4.0	2.0	1276	$1,650	$1.29	45d	1	0.06mi
298 Tahoe Ave New Braunfels, TX	4.0	2.0	1600	$1,595	$1.00	45d	1	0.08mi
116 Radnor Rd New Braunfels, TX	3.0	2.0	1825	$2,450	$1.34	45d	1	0.53mi
131 Trifle Trl New Braunfels, TX	3.0	2.0	1194	$1,863	$1.56	16d	1	0.61mi
5430 Addante St New Braunfels, TX	1.0–3.0	1.0–2.5	981	$2,299	$2.34	0d	183	0.98mi
4817 Interstate 35 Unit 2-2M New Braunfels, TX	2.0	2.0	1011	$1,559	$1.54	25d	1	1.05mi
138 Conrads Ln Unit 2-H New Braunfels, TX	2.0	2.0	1007	$1,559	$1.55	25d	1	1.08mi
378 Tanager Dr New Braunfels, TX	3.0	2.0	1719	$1,825	$1.06	45d	1	1.09mi
635 NW Crossing Dr New Braunfels, TX	3.0	2.0	1475	$1,650	$1.12	6d	1	1.17mi
620 Northgap Dr New Braunfels, TX	3.0	2.0	1260	$1,500	$1.19	45d	1	1.19mi
505 Starling Crk New Braunfels, TX	4.0	2.0	1602	$1,900	$1.19	25d	1	1.22mi
3215 Northwest Blvd New Braunfels, TX	3.0	2.5	1574	$1,625	$1.03	6d	1	1.22mi
3235 Blue Jay Dr New Braunfels, TX	3.0	2.0	1282	$1,725	$1.35	4d	1	1.24mi
373 Starling Crk New Braunfels, TX	3.0	2.5	1794	$1,950	$1.09	45d	1	1.28mi
128 Lonesome Quail New Braunfels, TX	1.0–2.0	1.0–2.0	935	$1,655	$1.77	0d	14	1.32mi
3103 Swallow Pointe New Braunfels, TX	3.0	2.5	1551	$1,775	$1.14	25d	1	1.36mi
108 Oak Creek Way New Braunfels, TX	1.0–3.0	1.0–2.0	1051	$2,000	$1.90	0d	45	1.41mi
2937 Post Oak Cir New Braunfels, TX	3.0	2.0	1641	$1,875	$1.14	0d	1	1.47mi
307 Limestone Crk New Braunfels, TX	3.0	2.0	1736	$2,200	$1.27	45d	1	1.49mi

HOA detail

• Monthly dues: $100 · $1,200/yr

Listing history 10 events

1. 2026-05-06
   historical $1,550
2. 2026-04-29
   listed $1,550
3. 2026-03-26
   soldstatus Sold 382-char remark

   Show marketing remark (382 chars)

   The Kitson- An inviting open-concept floorplan serves as the heart of this single-level home, providing for seamless transitions between the kitchen, dining area and family room. A restful owner's suite is located at the back of home, featuring a comfortable bedroom, en-suite bathroom and walk-in closet. Two secondary bedrooms can be found off the entry. Estimated COE March 2026.

4. 2026-02-13
   status Pending
5. 2026-02-10
   price $200,999
6. 2026-02-05
   price $210,999
7. 2026-02-02
   listed $255,999 New
8. 2026-01-31
   price $255,999 382-char remark

   Show marketing remark (382 chars)

   The Kitson- An inviting open-concept floorplan serves as the heart of this single-level home, providing for seamless transitions between the kitchen, dining area and family room. A restful owner's suite is located at the back of home, featuring a comfortable bedroom, en-suite bathroom and walk-in closet. Two secondary bedrooms can be found off the entry. Estimated COE March 2026.

9. 2026-01-24
   price $260,999 382-char remark

   Show marketing remark (382 chars)

   The Kitson- An inviting open-concept floorplan serves as the heart of this single-level home, providing for seamless transitions between the kitchen, dining area and family room. A restful owner's suite is located at the back of home, featuring a comfortable bedroom, en-suite bathroom and walk-in closet. Two secondary bedrooms can be found off the entry. Estimated COE March 2026.

10. 2025-12-10
    listed $265,999 New 382-char remark

    Show marketing remark (382 chars)

    The Kitson- An inviting open-concept floorplan serves as the heart of this single-level home, providing for seamless transitions between the kitchen, dining area and family room. A restful owner's suite is located at the back of home, featuring a comfortable bedroom, en-suite bathroom and walk-in closet. Two secondary bedrooms can be found off the entry. Estimated COE March 2026.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $21,401
• − Mortgage interest: −$11,259
• − Property taxes: −$3,015
• − Insurance: −$1,005
• − Repairs & maintenance: −$1,712
• − Management: −$1,712
• − HOA: −$1,200
• − Depreciation: −$5,847
• Taxable loss: −$4,349
• Est. tax savings @ 24.0%: +$1,044
• After-tax cash flow: $82/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: Comal ISD
• NCES district ID: 4814730
• Math proficiency: 57% ▼ -9.00%
• Reading proficiency: 59% ▼ -2.00%
• Median HH income: $74,792
• Composite: 51.79/100
• National rank: #1671
• State rank: #58 of 826 in TX

Livability — New Braunfels

• Score: 83/100
• State rank: #9
• US rank: #925

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Comal County · 206,262 people
• City population: 144,962
• Metro: San Antonio-New Braunfels, TX
• Population (ZIP): 104,009
• Household income: $83,064
• Rent vs Own: 34.1% rent · 65.9% own
• Severe rent burden: 2912.0

Population outlook (Comal County) Hauer SSP2

• Today (2025): 175,637 people
• By 2030: 199,911 · +13.8%
• By 2040: 249,436 · +42.0%
• By 2050: 299,430 · +70.5%
• By 2075: 423,857 · +141.3%
• By 2100: 512,048 · +191.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (58%)
• Race & ethnicity: White 58% Hispanic / Latino 37% Two or more races 19% Black 2%
• Hispanic origin (detail): Mexican 32%
• Common ancestry: Romanian 2% Lithuanian 2% Slovak 2%
• Foreign-born: 7% · Canada
• Languages at home: 78% English-only · Spanish 20% German/W. Germanic 1%

Political lean MEDSL · Comal

• 2024 margin: Solid R (+45.5) · D 26.8% · R 72.2%
• 2008→2024 swing: +1.9pp toward D · 2008: -47.4pp · 2024: -45.5pp
• All cycles: 2024: R+45.5 2020: R+42.7 2016: R+50.1 2012: R+54.1 2008: R+47.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -190.61%
• Current HPI: 173.7128
• Rent YoY: ▼ -1.97%
• Metro: San Antonio-New Braunfels, 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

-99.4% since first listed

10 events — show timeline

• 2026-05-06 Rental Removed $1,550 SABOR
• 2026-04-29 Listed for Rent $1,550 SABOR
• 2026-03-26 Sold (MLS) — LERA
• 2026-02-13 Pending — LERA
• 2026-02-10 Price Changed $200,999 LERA
• 2026-02-05 Price Changed $210,999 LERA
• 2026-02-02 Listed $255,999 LERA
• 2026-01-31 Price Changed $255,999 LERA
• 2026-01-24 Price Changed $260,999 LERA
• 2025-12-10 Listed $265,999 LERA