213 Stadium Dr · New Home, TX 79381

$260,000

3 bd · 1.0 ba · 1,608 sqft · SingleFamily public records · 10 Days on market

Built 1960 0.54 ac lot

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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 +19.6/30.0
• ARV discount +7.5/15.0
• Appreciation +6.6/10.0
• DSCR +6.2/10.0
• Schools +6.1/10.0
• 1% rule +5.5/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Home Sweet Home! This incredible home is nestled in New Home, just a stone's throw from the school. It proudly sits on 3 1/2 lots, boasting a stunning yard and beautiful trees. Home has an additional garage/shop, storage shed and water well to water yard. This 3/2/1 home is a true gem, complete with a bonus room and a convenient 1/2 bath. The main bathroom has been beautifully updated with a $10k renovation. Fence is newer and has a Metal Fence by the garage/shop for privacy. Every room is generously sized, offering ample space to live and thrive. The kitchen shines with new additions, including a gas cooktop, refrigerator, and oven. This home embodies warmth and character, waiting to be ch

Key facts

• Additional garage
• Water well
• Newer metal fence

Tags

• ADDITIONAL GARAGE
• STORAGE SHED
• WATER WELL
• BONUS ROOM
• UPDATED MAIN BATHROOM
• NEWER METAL FENCE

Property features AI

Finance

• Other: City lot; Asphalt road frontage on a public maintained city street

Exterior

• Parking: Attached garage (1 garage space); Additional parking; Driveway; Garage faces front; Off-street parking; RV access/parking
• Security: Smoke detectors
• Utilities: Water: Public and private well available; Sewer: Public sewer (connected); Water connected; Sewer connected
• Home design: Single Family Residence; One story
• Construction: Wood siding; Composition roof; Combination foundation with pillar/post/pier
• Exterior features: Private yard; Storage; Covered front porch; Rear porch; Wood fencing (fenced yard); Second garage; Shed(s); Workshop

Interior

• Kitchen: Dishwasher; Electric oven; Gas range; Microwave
• Bedrooms: Details not specified
• Flooring: Carpet; Laminate; Tile
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: Breakfast bar; Eat-in kitchen; Storage; Walk-in closets; Storm windows; Window coverings; Exhaust fan
• Laundry & utility: Inside laundry room on main level; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $260k.

Deal economics

• At list price, monthly cash flow is $298 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $260k).

Location & tenants

• Location reads 70/100 on livability (#343 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A-; Watch: health & safety C-, crime D+, amenities F.
• New Home ISD (rural): math 71% / reading 70% proficiency, ranked #16 of 826 in TX (top 2%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 34 active listings in the ZIP.

Forward outlook

• In year one you build about $10k of equity ($2k loan paydown + $8k appreciation (3.2% local appreciation)).
• Lynn County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.2% appreciation + 3.0% rent growth), your $73k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $260,000

Questions for the listing agent

1. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 1.05% ✓
• Cap rate: 7.67%
• Cash-on-cash: 4.92%
• DSCR: 1.22
• GRM: 8.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.17% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 12.5%
• Equity multiple: 1.72×
• Total profit: $52,702
• Equity at exit: $119,372

10-year hold

• IRR: 14.5%
• Equity multiple: 3.17×
• Total profit: $158,287
• Equity at exit: $185,906

Cash invested: $72,800 (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 79381

• Home prices YoY: 2.6%
• Active inventory: 34
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $2,719 medium
• Mortgage (P&I): −$1,363
• Tax from tax record: −$378 /mo · $4,533/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$571
• Net cashflow: $298

Break-even live

Break-even rent $2,341

Max offer price $260,000

Occupancy floor 84%

Sensitivity live

Price	-10% $445	-5% $372	+0% $298	+5% $225	+10% $151
Rent	-10% $83	-5% $191	+0% $298	+5% $406	+10% $513
Rate	-1.0pp $429	-0.5pp $364	base $298	+0.5pp $231	+1.0pp $162

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: $65,000
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-06-15
   status $260,000 Pending 10 DOM
2. 2026-06-15
   days on market $260,000 Active 10 DOM
3. 2026-06-14
   days on market $260,000 Active 8 DOM
4. 2026-06-10
   days on market $260,000 Active 5 DOM
5. 2026-06-09
   days on market $260,000 Active 4 DOM
6. 2026-06-08
   days on market $260,000 Active 3 DOM
7. 2026-06-07
   remarks 699-char remark
8. 2026-06-07
   listed $260,000 Active 2 DOM

ⓘ 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: $4,533 · $378/mo
• Projected year-2 tax: $4,758 · $396/mo
• Expected delta: +$225/yr (+$19/mo · 5.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 5/10 Major 6 d/yr ≥99°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $32,624
• − Mortgage interest: −$14,564
• − Property taxes: −$4,533
• − Insurance: −$1,300
• − Repairs & maintenance: −$2,610
• − Management: −$2,610
• − Depreciation: −$7,564
• Taxable loss: −$557
• Est. tax savings @ 24.0%: +$134
• After-tax cash flow: $3,712/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: New Home ISD
• NCES district ID: 4832490
• Math proficiency: 71% ▼ -9.00%
• Reading proficiency: 70% ▬ 0.00%
• Median HH income: $57,372
• Composite: 60.5/100
• National rank: #845
• State rank: #16 of 826 in TX

Livability — New Home

• Score: 70/100
• State rank: #343
• US rank: #7488

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Home, TX
• City population: 47
• Population (ZIP): 1,457

Population outlook (Lynn County) Hauer SSP2

• Today (2025): 5,360 people
• By 2030: 5,162 · -3.7%
• By 2040: 4,811 · -10.2%
• By 2050: 4,422 · -17.5%
• By 2075: 3,362 · -37.3%
• By 2100: 2,177 · -59.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (51%)
• Race & ethnicity: White 51% Hispanic / Latino 48% Two or more races 20%
• Hispanic origin (detail): Mexican 40% Cuban 2%
• Common ancestry: Slovak 2% Iranian 2% Romanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 76% English-only · Spanish 22% German/W. Germanic 1%

Political lean MEDSL · Lynn

• 2024 margin: Solid R (+70.3) · D 14.4% · R 84.7%
• 2008→2024 swing: -30.3pp toward R · 2008: -40.0pp · 2024: -70.3pp
• All cycles: 2024: R+70.3 2020: R+62.1 2016: R+57.2 2012: R+49.3 2008: R+40.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.17%
• Current HPI: 125.9221
• 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

1 event — show timeline

• 2026-06-05 Listed $260,000 LARMLS

Property tax history

+6.9%/yr

Latest (2025): $4,533 · +3.5% YoY. Source: county tax records.