1116 E State Highway 276 · West Tawakoni, TX 75474

$139,000

2 bd · 2.0 ba · 960 sqft · SingleFamily public records · 70 Days on market

Built 1980 5,401 sqft lot $145/sqft · 29% below area Est $195k · 29% 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 +17.5/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +5.5/10.0
• 1% rule +4.1/10.0
• Livability +2.8/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Don't miss the opportunity to invest in this charming home. This home is a super cute 2 bedroom 1 bath with a very spacious living room that has a very homey feel to it. This is the perfect property to live in and have a small business. Make it your individual residence with no nosey neighbors or use your innovated ideas to utilize the home and location to your advantage. So many possibilities to create a work space with all the convenience's and warmth of home! City approval should be easy due to the location, or go straight commercial use, if that is what you choose. The city park is literally just over your backyard fence. Enjoy some lake views from your backyard as well!. Take your breaks from the long days and just walk over to the lake to end you day. There is a swimming area, playground, and close boat ramp. Deer Run Golf Course is just down the street. This would also make a great rental investment! Rent it out and just sit, wait and watch all the growth that will be happening in the upcoming years for the Lake Tawakoni area!

Key facts

• Swimming area
• Lake views
• Deer run golf course

Tags

• SPACIOUS LIVING ROOM
• LAKE VIEWS
• SWIMMING AREA
• PLAYGROUND
• BOAT RAMP
• DEER RUN GOLF COURSE

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $139k.

Deal economics

• At list price, monthly cash flow is $107 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $126k (9.1% below list).
• Recommended offer: $126k (9.1% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 4.6% in West Tawakoni — 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 56/100 on livability (#1,337 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, crime A-; Watch: schools F, amenities F, commute F.
• Quinlan ISD (rural): math 27% / reading 34% proficiency, ranked #610 of 826 in TX (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 335 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,289 units permitted in Hunt County in 2024 (527 in 5+ unit buildings).

Forward outlook

• In year one you build about $15k of equity ($961 loan paydown + $14k appreciation (10.0% local appreciation)).
• Hunt County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $126,350 (9.1% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 0.91% ✗
• Cap rate: 7.22%
• Cash-on-cash: 3.29%
• DSCR: 1.15
• GRM: 9.2

CMA / ARV

• ARV (median comp): $194,727
• List price: $139,000
• Delta: -28.62%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
412 Vista Mdw	0.65mi	3/2.0 (+1)	1,001 (+4%)	9mo	$184,900	$185	50
701 Cove Dr	0.74mi	3/1.0 (+1)	864 (-10%)	6mo	$155,000	$179	35

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.6%
• Equity multiple: 3.12×
• Total profit: $82,485
• Equity at exit: $125,222

10-year hold

• IRR: 23.3%
• Equity multiple: 7.10×
• Total profit: $237,505
• Equity at exit: $270,046

Cash invested: $38,920 (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 75474

• Home prices YoY: 7.5%
• Active inventory: 335
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,264 medium
• Mortgage (P&I): −$729
• Tax from tax record: −$104 /mo · $1,254/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$265
• Net cashflow: $107

Break-even live

Break-even rent $1,128

Max offer price $139,000

Occupancy floor 87%

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1901 TX-276 West Tawakoni, TX	1.0	1.0	643	$995	$1.55	10d	1	0.68mi
1901 Texas 276 Unit 10 West Tawakoni, TX	1.0	1.0	643	$999	$1.55	1d	1	0.68mi

Listing history 18 events

1. 2026-06-18
   days on market $139,000 Active 70 DOM
2. 2026-06-17
   days on market $139,000 Active 69 DOM
3. 2026-06-16
   days on market $139,000 Active 68 DOM
4. 2026-06-15
   days on market $139,000 Active 67 DOM
5. 2026-06-13
   days on market $139,000 Active 65 DOM
6. 2026-06-09
   days on market $139,000 Active 61 DOM
7. 2026-06-08
   days on market $139,000 Active 60 DOM
8. 2026-06-07
   days on market $139,000 Active 59 DOM
9. 2026-06-04
   days on market $139,000 Active 56 DOM
10. 2026-06-03
    days on market $139,000 Active 55 DOM
11. 2026-06-02
    days on market $139,000 Active 54 DOM
12. 2026-06-01
    days on market $139,000 Active 53 DOM
13. 2026-05-31
    days on market $139,000 Active 52 DOM
14. 2026-04-09
    listed $139,000 Active 1049-char remark

    Show marketing remark (1049 chars)

    Don't miss the opportunity to invest in this charming home. This home is a super cute 2 bedroom 1 bath with a very spacious living room that has a very homey feel to it. This is the perfect property to live in and have a small business. Make it your individual residence with no nosey neighbors or use your innovated ideas to utilize the home and location to your advantage. So many possibilities to create a work space with all the convenience's and warmth of home! City approval should be easy due to the location, or go straight commercial use, if that is what you choose. The city park is literally just over your backyard fence. Enjoy some lake views from your backyard as well!. Take your breaks from the long days and just walk over to the lake to end you day. There is a swimming area, playground, and close boat ramp. Deer Run Golf Course is just down the street. This would also make a great rental investment! Rent it out and just sit, wait and watch all the growth that will be happening in the upcoming years for the Lake Tawakoni area!

15. 2026-03-02
    historical
16. 2025-09-03
    listed $129,000 Active
17. 2009-02-18
    soldstatus
18. 2003-04-11
    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: $1,254 · $104/mo
• Projected year-2 tax: $2,544 · $212/mo
• Expected delta: +$1,290/yr (+$108/mo · 102.9%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,162
• − Mortgage interest: −$7,786
• − Property taxes: −$1,254
• − Insurance: −$695
• − Repairs & maintenance: −$1,213
• − Management: −$1,213
• − Depreciation: −$4,044
• Taxable loss: −$1,042
• Est. tax savings @ 24.0%: +$250
• After-tax cash flow: $1,532/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: Quinlan ISD
• NCES district ID: 4836240
• Math proficiency: 27% ▼ -10.00%
• Reading proficiency: 34% ▼ -2.00%
• Median HH income: $45,461
• Composite: 26.16/100
• National rank: #7271
• State rank: #610 of 826 in TX

Livability — West Tawakoni

• Score: 56/100
• State rank: #1337
• US rank: #23022

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: West Tawakoni, TX
• County: Hunt County · 71,969 people
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 17,671
• Household income: $64,103
• Rent vs Own: 17.8% rent · 82.2% own
• Severe rent burden: 181.0

Population outlook (Hunt County) Hauer SSP2

• Today (2025): 97,090 people
• By 2030: 100,452 · +3.5%
• By 2040: 106,544 · +9.7%
• By 2050: 111,218 · +14.6%
• By 2075: 121,695 · +25.3%
• By 2100: 123,683 · +27.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 19% Two or more races 8% Asian 1% Black 1%
• Hispanic origin (detail): Mexican 17%
• Common ancestry: Lithuanian 2% Romanian 2% Iranian 1%
• Foreign-born: 8% · Canada
• Languages at home: 88% English-only · Spanish 10% Other Asian/Pacific 1%

Political lean MEDSL · Hunt

• 2024 margin: Solid R (+55.5) · D 21.9% · R 77.4%
• 2008→2024 swing: -14.9pp toward R · 2008: -40.6pp · 2024: -55.5pp
• All cycles: 2024: R+55.5 2020: R+52.5 2016: R+56.3 2012: R+51.2 2008: R+40.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 33.95%
• Current HPI: 484.21
• Rent YoY: —
• Metro: Dallas-Fort Worth-Arlington, 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

+7.8% since first listed

5 events — show timeline

• 2026-04-09 Listed $139,000 NTREIS
• 2026-03-02 Listing Removed — NTREIS
• 2025-09-03 Listed $129,000 NTREIS
• 2009-02-18 Sold (Public Records) — Public Records
• 2003-04-11 Sold (Public Records) — Public Records

Property tax history

+2.8%/yr

Latest (2025): $1,254 · +8.7% YoY. Source: county tax records.