604 Colonial Ln · Killeen, TX 76543

$94,900

3 bd · 2.0 ba · 1,368 sqft · SingleFamily public records · 265 Days on market

Built 1983 7,705 sqft lot $69/sqft · 39% below area Est $154k · 39% 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 +19.3/30.0
• ARV discount +15.0/15.0
• 1% rule +7.5/10.0
• DSCR +6.1/10.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 bedroom, 2 bath, brick home. This property has had some updates - luxury vinyl plank flooring in most of the house and tile flooring in the converted garage. Living room with wood burning fireplace and vaulted ceiling. The backyard features a walking path and trees for shade. Take a look today! * * * MULTIPLE OFFERS. HIGHEST & BEST OFFERS DUE BY 4/27/2026 AT 10:00AM CDT. * * *

Key facts

• Vaulted ceiling
• Central location
• Brick home

Tags

• BRICK HOME
• CENTRAL LOCATION
• LUXURY VINYL PLANK FLOORING
• TILE FLOORING
• WOOD BURNING FIREPLACE
• VAULTED CEILING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $104 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $84k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 3.9% in Killeen — 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 63/100 on livability (#853 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, amenities D, employment D.
• Killeen ISD (urban): math 31% / reading 38% proficiency, ranked #524 of 826 in TX (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-1.5%/yr); 230 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% of comp listings sitting > 30 days — soft ceiling on asking rent; 3,222 units permitted in Bell County in 2024 (246 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $656 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Bell County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 265 days — a 12% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 22y ago; this cycle's ask has dropped $60k (39%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $72k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 3.8% of price.
• Climate carrying-cost: major wind risk, 61% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $83,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 265 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. Crime grade is D 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. 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.
8. 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.
9. 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: 1.25% ✓
• Cap rate: 7.61%
• Cash-on-cash: 4.70%
• DSCR: 1.21
• GRM: 6.6

CMA / ARV

• ARV (median comp): $154,498
• List price: $94,900
• Delta: -38.58%
• 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
2602 Lu Cir	0.73mi	3/2.0	1,352 (-1%)	6mo	$105,000	$78	59
1400 Diane Dr	0.72mi	3/2.5	1,177 (-14%)	4mo	$120,000	$102	38

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: -13.1%
• Equity multiple: 0.54×
• Total profit: $-12,109
• Equity at exit: $14,150

10-year hold

• IRR: -11.3%
• Equity multiple: 0.44×
• Total profit: $-14,965
• Equity at exit: $8,205

Cash invested: $26,572 (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 76543

• Rents YoY: -1.5%
• Active inventory: 230
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,190 high
• Mortgage (P&I): −$498
• Tax from tax record: −$299 /mo · $3,586/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$250
• Net cashflow: $104

Break-even live

Break-even rent $1,058

Max offer price $94,900

Occupancy floor 86%

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: $23,725
• Closing costs: $2,847
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3407 Victoria Cir Apt A Killeen, TX	3.0	1.5	1364	$950	$0.70	43d	1	0.22mi
3109 Atkinson Ave Apt 219 Killeen, TX	2.0	2.0	1008	$575	$0.57	43d	1	0.28mi
3107 Atkinson Ave Killeen, TX	1.0–2.0	1.0–2.0	756	$700	$0.93	43d	1	0.28mi
3312 Lake Travis Ave Killeen, TX	3.0	2.0	1019	$1,300	$1.28	43d	1	0.35mi
3312 Lake Travis Ave Killeen, TX	3.0	1.0	1019	$1,150	$1.13	23d	1	0.35mi
3109 Clinkenbeard Dr Unit 3107A Killeen, TX	3.0	2.0	1250	$1,375	$1.10	13d	1	0.54mi
1001 N Twin Creek Dr Killeen, TX	1.0–2.0	1.0–2.0	860	$1,307	$1.52	43d	8	0.59mi
305 S 42nd St Unit A Killeen, TX	3.0	2.0	1100	$1,150	$1.05	13d	1	0.62mi
3009 Lake Rd Unit A Killeen, TX	2.0	1.5	975	$765	$0.78	43d	1	0.70mi
3007 Lake Rd Unit A Killeen, TX	2.0	1.5	1186	$795	$0.67	43d	1	0.70mi
3626 Cranford Ave Killeen, TX	3.0	1.0	1125	$950	$0.84	23d	1	0.71mi
3401 Turner Ave Unit C Killeen, TX	2.0	1.5	1078	$900	$0.83	43d	1	0.75mi
1706 Wickfield Way Killeen, TX	3.0	2.0	1348	$1,600	$1.19	43d	1	0.78mi
101 S Twin Creek Dr Killeen, TX	1.0–2.0	1.0–2.0	776	$1,319	$1.70	21d	13	0.80mi
906 McDaniel Cir Unit A Killeen, TX	2.0	2.0	1138	$1,150	$1.01	43d	1	0.83mi
1005 Eastside Dr Unit A Killeen, TX	2.0	1.0	942	$850	$0.90	43d	1	0.84mi
912 McDaniel Cir Unit A Killeen, TX	2.0	2.0	997	$1,225	$1.23	13d	1	0.85mi
519 S 54th St Unit B Killeen, TX	3.0	2.0	1334	$1,250	$0.94	43d	1	0.86mi
1006 Eastside Dr Apt D Killeen, TX	2.0	1.0	1054	$725	$0.69	43d	1	0.87mi
4404 Water St Killeen, TX	3.0	2.0	1287	$1,450	$1.13	43d	1	0.88mi
3303 Brookbend Dr Killeen, TX	4.0	2.0	1700	$1,450	$0.85	23d	1	0.88mi
401 S Twin Creek Dr Killeen, TX	1.0–2.0	1.0–2.0	768	$1,190	$1.55	13d	7	0.89mi
1711 Godman St Killeen, TX	3.0	2.0	1498	$1,195	$0.80	23d	1	0.91mi
1806 Kangaroo Ave Killeen, TX	4.0	2.0	1543	$1,595	$1.03	23d	1	0.91mi
3708 Daniels Dr Killeen, TX	2.0	1.0	920	$1,050	$1.14	43d	1	0.95mi
1700 Standridge St Killeen, TX	3.0	2.0	1568	$1,550	$0.99	13d	1	0.96mi
2303 Debra Cir Killeen, TX	3.0	1.5	1617	$1,600	$0.99	23d	1	0.99mi
2701 Hillside Dr Killeen, TX	3.0	1.0	924	$995	$1.08	21d	1	1.01mi
2504 Lake Rd Killeen, TX	3.0	1.5	1454	$1,295	$0.89	13d	1	1.02mi
906 Jefferis Ave Killeen, TX	3.0	2.0	1317	$1,050	$0.80	13d	1	1.02mi
2701 Stetson Ave #2703 Killeen, TX	2.0	1.0	1536	$800	$0.52	43d	1	1.03mi
1911 Hill St Killeen, TX	3.0	2.0	1467	$1,550	$1.06	43d	1	1.03mi
2306 Remington Dr Killeen, TX	4.0	2.0	1011	$1,295	$1.28	23d	1	1.06mi
710 Stetson Ave Unit 712 Killeen, TX	2.0	1.0	1725	$800	$0.46	43d	1	1.07mi
1206 Middleton St Killeen, TX	2.0	1.0	1750	$800	$0.46	43d	1	1.07mi
808 Stetson Ave Unit 806 Killeen, TX	2.0	1.0	1650	$825	$0.50	43d	1	1.09mi
1207 Liberty Bell Loop Killeen, TX	3.0	2.0	1200	$1,225	$1.02	13d	1	1.09mi
4503 River Oaks Dr Killeen, TX	3.0	2.0	1680	$1,495	$0.89	13d	1	1.10mi
4505 River Oaks Dr Killeen, TX	3.0	2.0	1522	$1,495	$0.98	43d	1	1.11mi
705 Crockett Dr Killeen, TX	3.0	1.0	1174	$1,095	$0.93	43d	1	1.12mi

Listing history 20 events

1. 2026-05-06
   status Pending 392-char remark

   Show marketing remark (392 chars)

   3 bedroom, 2 bath, brick home. This property has had some updates - luxury vinyl plank flooring in most of the house and tile flooring in the converted garage. Living room with wood burning fireplace and vaulted ceiling. The backyard features a walking path and trees for shade. Take a look today! * * * MULTIPLE OFFERS. HIGHEST & BEST OFFERS DUE BY 4/27/2026 AT 10:00AM CDT. * * *

2. 2026-04-19
   price $94,900 392-char remark

   Show marketing remark (392 chars)

   3 bedroom, 2 bath, brick home. This property has had some updates - luxury vinyl plank flooring in most of the house and tile flooring in the converted garage. Living room with wood burning fireplace and vaulted ceiling. The backyard features a walking path and trees for shade. Take a look today! * * * MULTIPLE OFFERS. HIGHEST & BEST OFFERS DUE BY 4/27/2026 AT 10:00AM CDT. * * *

3. 2026-03-02
   price $109,900 392-char remark

   Show marketing remark (392 chars)

   3 bedroom, 2 bath, brick home. This property has had some updates - luxury vinyl plank flooring in most of the house and tile flooring in the converted garage. Living room with wood burning fireplace and vaulted ceiling. The backyard features a walking path and trees for shade. Take a look today! * * * MULTIPLE OFFERS. HIGHEST & BEST OFFERS DUE BY 4/27/2026 AT 10:00AM CDT. * * *

4. 2026-02-05
   price $119,900 392-char remark

   Show marketing remark (392 chars)

   3 bedroom, 2 bath, brick home. This property has had some updates - luxury vinyl plank flooring in most of the house and tile flooring in the converted garage. Living room with wood burning fireplace and vaulted ceiling. The backyard features a walking path and trees for shade. Take a look today! * * * MULTIPLE OFFERS. HIGHEST & BEST OFFERS DUE BY 4/27/2026 AT 10:00AM CDT. * * *

5. 2026-01-04
   price $124,900 392-char remark

   Show marketing remark (392 chars)

   3 bedroom, 2 bath, brick home. This property has had some updates - luxury vinyl plank flooring in most of the house and tile flooring in the converted garage. Living room with wood burning fireplace and vaulted ceiling. The backyard features a walking path and trees for shade. Take a look today! * * * MULTIPLE OFFERS. HIGHEST & BEST OFFERS DUE BY 4/27/2026 AT 10:00AM CDT. * * *

6. 2025-12-03
   price $139,900 392-char remark

   Show marketing remark (392 chars)

   3 bedroom, 2 bath, brick home. This property has had some updates - luxury vinyl plank flooring in most of the house and tile flooring in the converted garage. Living room with wood burning fireplace and vaulted ceiling. The backyard features a walking path and trees for shade. Take a look today! * * * MULTIPLE OFFERS. HIGHEST & BEST OFFERS DUE BY 4/27/2026 AT 10:00AM CDT. * * *

7. 2025-11-10
   price $144,900 392-char remark

   Show marketing remark (392 chars)

   3 bedroom, 2 bath, brick home. This property has had some updates - luxury vinyl plank flooring in most of the house and tile flooring in the converted garage. Living room with wood burning fireplace and vaulted ceiling. The backyard features a walking path and trees for shade. Take a look today! * * * MULTIPLE OFFERS. HIGHEST & BEST OFFERS DUE BY 4/27/2026 AT 10:00AM CDT. * * *

8. 2025-10-09
   price $149,900 392-char remark

   Show marketing remark (392 chars)

   3 bedroom, 2 bath, brick home. This property has had some updates - luxury vinyl plank flooring in most of the house and tile flooring in the converted garage. Living room with wood burning fireplace and vaulted ceiling. The backyard features a walking path and trees for shade. Take a look today! * * * MULTIPLE OFFERS. HIGHEST & BEST OFFERS DUE BY 4/27/2026 AT 10:00AM CDT. * * *

9. 2025-08-13
   listed $154,900 Active 392-char remark

   Show marketing remark (392 chars)

   3 bedroom, 2 bath, brick home. This property has had some updates - luxury vinyl plank flooring in most of the house and tile flooring in the converted garage. Living room with wood burning fireplace and vaulted ceiling. The backyard features a walking path and trees for shade. Take a look today! * * * MULTIPLE OFFERS. HIGHEST & BEST OFFERS DUE BY 4/27/2026 AT 10:00AM CDT. * * *

10. 2025-03-08
    listed Active
11. 2024-03-27
    soldstatus
12. 2024-03-18
    status Pending
13. 2024-03-12
    historical Active Under Contract
14. 2024-01-09
    listed $165,000 Active
15. 2023-12-27
    soldstatus
16. 2004-09-27
    soldstatus $71,500
17. 2004-09-27
    soldstatus
18. 2004-09-21
    listed $71,500
19. 2003-07-29
    soldstatus
20. 1994-11-17
    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: $3,586 · $299/mo
• Projected year-2 tax: $3,586 · $299/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 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 25 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 61% 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: $14,280
• − Mortgage interest: −$5,316
• − Property taxes: −$3,586
• − Insurance: −$474
• − Repairs & maintenance: −$1,142
• − Management: −$1,142
• − Depreciation: −$2,761
• Taxable loss: −$142
• Est. tax savings @ 24.0%: +$34
• After-tax cash flow: $1,283/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: Killeen ISD
• NCES district ID: 4825660
• Math proficiency: 31% ▼ -16.00%
• Reading proficiency: 38% ▼ -3.00%
• Median HH income: $47,665
• Composite: 29.69/100
• National rank: #6458
• State rank: #524 of 826 in TX

Livability — Killeen

• Score: 63/100
• State rank: #853
• US rank: #15359

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Killeen, TX
• County: Bell County · 345,090 people
• City population: 163,398
• Metro: Killeen-Temple, TX
• Population (ZIP): 34,457
• Household income: $48,564
• Rent vs Own: 60.5% rent · 39.5% own
• Severe rent burden: 2423.0

Population outlook (Bell County) Hauer SSP2

• Today (2025): 371,114 people
• By 2030: 389,104 · +4.8%
• By 2040: 420,592 · +13.3%
• By 2050: 447,779 · +20.7%
• By 2075: 499,130 · +34.5%
• By 2100: 505,680 · +36.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: Black 36% Hispanic / Latino 29% White 26% Two or more races 12% Asian 3%
• Hispanic origin (detail): Mexican 15% Puerto Rican 9% Dominican 1%
• Common ancestry: Italian 2% Lithuanian 1% Portuguese 1%
• Foreign-born: 8% · Canada, South Korea, Vietnam
• Languages at home: 77% English-only · Spanish 16% Other Asian/Pacific 2% German/W. Germanic 1%

Political lean MEDSL · Bell

• 2024 margin: R (+16.2) · D 41.3% · R 57.6% · Other 1.1%
• 2008→2024 swing: -6.5pp toward R · 2008: -9.8pp · 2024: -16.2pp
• All cycles: 2024: R+16.2 2020: R+8.5 2016: R+15.1 2012: R+16.4 2008: R+9.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -178.13%
• Current HPI: 184.405
• Rent YoY: ▼ -1.49%
• Metro: Killeen-Temple, 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

+32.7% since first listed

20 events — show timeline

• 2026-05-06 Pending — CTXMLS
• 2026-04-19 Price Changed $94,900 CTXMLS
• 2026-03-02 Price Changed $109,900 CTXMLS
• 2026-02-05 Price Changed $119,900 CTXMLS
• 2026-01-04 Price Changed $124,900 CTXMLS
• 2025-12-03 Price Changed $139,900 CTXMLS
• 2025-11-10 Price Changed $144,900 CTXMLS
• 2025-10-09 Price Changed $149,900 CTXMLS
• 2025-08-13 Listed $154,900 CTXMLS
• 2025-03-08 Listed — Unlock MLS
• 2024-03-27 Sold (Public Records) — Public Records
• 2024-03-18 Pending — CTXMLS
• 2024-03-12 Contingent — CTXMLS
• 2024-01-09 Listed $165,000 CTXMLS
• 2023-12-27 Sold (Public Records) — Public Records
• 2004-09-27 Sold (Public Records) — Public Records
• 2004-09-27 Sold (MLS) $71,500 CTXMLS
• 2004-09-21 Listed $71,500 CTXMLS
• 2003-07-29 Sold (Public Records) — Public Records
• 1994-11-17 Sold (Public Records) — Public Records

Property tax history

+6.0%/yr

Latest (2025): $3,586 · +3.5% YoY. Source: county tax records.