205 S Prairie Ave · Petrolia, TX 76377

$58,950

3 bd · 1.5 ba · 1,440 sqft · SingleFamily · 16 Days on market

Built 1986 Poor condition 1.82 ac lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• Schools +3.1/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0

Listing remarks

This Commercial or Residential Property, was Laundromat before , The Building Size 1480 SQ FT , CITY WATER AND CITY SEWER AVAILABLE , This Property Has 1.8 Acres Land included for use, will be Great for FEED STORE , OR Storage Units. Residential Home, Listing agent owner, for Help Call Agent

Key facts

• 1.8 acres land
• City water
• City sewer

Tags

• 1.8 ACRES LAND
• CITY WATER
• CITY SEWER

Property features AI

Finance

• Financial info: Lease considered
• HOA & community: Association: H&H REALTY

Exterior

• Parking: Detached garage
• Utilities: Public water; Public sewer
• Home design: Residential property; Built in 1986
• Construction: Brick and wood siding exterior; Metal roof; Block and slab foundation
• Exterior features: Cleared lot

Interior

• Kitchen: Kitchen on the first floor (approx. 24 x 20)
• Bedrooms: Primary bedroom on the first floor (approx. 20 x 16); Bedroom on the first floor (approx. 20 x 16); Bedroom on the first floor (approx. 20 x 14); Three possible bedrooms
• Bathrooms: One full bathroom; One half bathroom
• Interior features: Breakfast bar; Bidet; Six total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $59k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $542 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $59k).
• Recommended offer: $58k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 60/100 on livability (#1,101 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, crime F, amenities F.
• Petrolia CISD (rural): math 28% / reading 44% proficiency, ranked #489 of 826 in TX (top 59%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Petrolia Junior High/High School (math 22% / reading 62%, grade F, #730 of 1,632 statewide, top 47%, 206 students, 60% FRL) — zoned schools average 60% FRL vs 41% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 7 active listings in the ZIP; 13 units permitted in Clay County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($408 loan paydown + $2k appreciation (3.0% local appreciation)).
• Clay County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($58k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 5y 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.

Recommended offer $58,065 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 2.04% ✓
• Cap rate: 17.33%
• Cash-on-cash: 39.43%
• DSCR: 2.75
• GRM: 4.1

CMA / ARV

• ARV (on-the-fly): $175,680
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
908 E Benton	0.49mi	3/2.0	1,350 (-6%)	9mo	$164,500	$122	57

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: 44.9%
• Equity multiple: 3.52×
• Total profit: $41,662
• Equity at exit: $26,506

10-year hold

• IRR: 44.7%
• Equity multiple: 7.05×
• Total profit: $99,937
• Equity at exit: $40,850

Cash invested: $16,506 (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 76377

• Active inventory: 7
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,202 medium
• Mortgage (P&I): −$309
• Tax est. 1.5%: −$74 /mo · $884/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $542

Break-even live

Break-even rent $516

Max offer price $58,950

Occupancy floor 50%

Sensitivity live

Price	-10% $583	-5% $563	+0% $542	+5% $522	+10% $502
Rent	-10% $447	-5% $495	+0% $542	+5% $590	+10% $637
Rate	-1.0pp $572	-0.5pp $557	base $542	+0.5pp $527	+1.0pp $512

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: $14,738
• Closing costs: $1,768
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-06-21
   days on market $58,950 Active 16 DOM
2. 2026-06-18
   days on market $58,950 Active 14 DOM
3. 2026-06-17
   days on market $58,950 Active 13 DOM
4. 2026-06-16
   days on market $58,950 Active 12 DOM
5. 2026-06-15
   days on market $58,950 Active 11 DOM
6. 2026-06-15
   days on market $58,950 Active 10 DOM
7. 2026-06-13
   days on market $58,950 Active 9 DOM
8. 2026-06-12
   days on market $58,950 Active 8 DOM
9. 2026-06-09
   days on market $58,950 Active 5 DOM
10. 2026-06-08
    days on market $58,950 Active 4 DOM
11. 2026-06-08
    days on market $58,950 Active 3 DOM
12. 2026-06-05
    remarks 292-char remark
13. 2026-06-05
    listed $58,950 Active 1 DOM

ⓘ 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: $14,426
• − Mortgage interest: −$3,302
• − Property taxes: −$884
• − Insurance: −$295
• − Repairs & maintenance: −$1,154
• − Management: −$1,154
• − Depreciation: −$1,715
• Taxable income: $5,922
• Est. tax owed @ 24.0%: −$1,421
• After-tax cash flow: $5,087/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.

Condition & rehab AI · 9 photos

Poor 20/100 Extensive rehab

This property requires extensive repairs and maintenance, including roof and siding replacement, landscaping, and painting. Significant investment is needed to bring it up to a livable condition.

Repairs flagged

• Major roof — Exposed rafters and missing shingles
• Major exterior siding — Weathered and peeling
• Major landscaping — Overgrown vegetation and debris

Value-add opportunities

• Both repair roof and siding — Critical to safety and appearance
• Both landscape and clear debris — Enhances curb appeal and safety
• Both paint exterior — Improves appearance and value

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · Exposed rafters and missing shingles	Major	$15,000–50,000
exterior siding · Weathered and peeling	Major	$15,000–50,000
landscaping · Overgrown vegetation and debris	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Both repair roof and siding — Critical to safety and appearance ↑
• Both landscape and clear debris — Enhances curb appeal and safety ↑
• Both paint exterior — Improves appearance and value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Petrolia CISD
• NCES district ID: 4834710
• Math proficiency: 28% ▼ -7.00%
• Reading proficiency: 44% ▲ 1.00%
• Median HH income: $49,921
• Composite: 31.11/100
• National rank: #6071
• State rank: #489 of 826 in TX

Livability — Petrolia

• Score: 60/100
• State rank: #1101
• US rank: #19475

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Petrolia, TX
• Population (ZIP): 470

Population outlook (Clay County) Hauer SSP2

• Today (2025): 9,537 people
• By 2030: 9,042 · -5.2%
• By 2040: 8,090 · -15.2%
• By 2050: 7,255 · -23.9%
• By 2075: 5,834 · -38.8%
• By 2100: 4,491 · -52.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Hispanic / Latino 15% Two or more races 1%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Italian 6%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 5%

Political lean MEDSL · Clay

• 2024 margin: Solid R (+79.7) · D 9.9% · R 89.5%
• 2008→2024 swing: -21.1pp toward R · 2008: -58.6pp · 2024: -79.7pp
• All cycles: 2024: R+79.7 2020: R+77.6 2016: R+76.6 2012: R+69.7 2008: R+58.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

+22.8% since first listed

10 events — show timeline

• 2026-06-04 Listed $58,950 HARMLS
• 2023-12-30 Rental Removed $495 HARMLS
• 2023-10-15 Listed for Rent $495 HARMLS
• 2023-04-30 Listing Removed — HARMLS
• 2022-04-30 Listing Removed — NTREIS
• 2022-04-09 Listed $48,000 HARMLS
• 2022-03-04 Listing Removed — HARMLS
• 2021-10-29 Price Changed $45,500 HARMLS
• 2021-10-19 Listed $55,000 NTREIS
• 2021-06-03 Listed $48,000 HARMLS