1014 Parmer Ave · Killeen, TX 76541

$125,000

2 bd · 2.0 ba · 1,497 sqft · SingleFamily public records · 402 Days on market

Built 1937 7,501 sqft lot $84/sqft · 11% below area Est $140k · 11% under ↓ 17% since listing

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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 +12.3/15.0
• Cash flow +7.9/30.0
• Appreciation +6.1/10.0
• 1% rule +3.2/10.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• DSCR +2.0/10.0
• Rent growth +2.0/5.0

Listing remarks MLS

100% FINANCING AVAILABLE! Good curb appeal on this home built in 1937 with some charming touches of a home from this era. Two bedrooms but could use den as 3rd bedroom. Pretty paneling in den. 2 bathrooms. Large living room with built-in bookcases. Corner lot. New roof installed November 2024. Fenced backyard. Convenient to Fort Cavazos. Perfect for 1st time buyer or investor. Being sold “as is“.

Key facts

• Built in 1937
• Fenced backyard
• Corner lot

Tags

• BUILT IN 1937
• CORNER LOT
• FENCED BACKYARD

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $-132 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $102k (18.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $102k (18.3% below list).
• Recommended offer: $102k (18.6% below list) — sets the bar for cash-flow.
• Cap rate 5.0% 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 (-2.0%/yr); 123 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 3,222 units permitted in Bell County in 2024 (246 in 5+ unit buildings).
• This rent runs 33% of the median local income ($37k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $4k of equity ($864 loan paydown + $3k appreciation (2.3% local appreciation)).
• Bell County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 9, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 402 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $15k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1937 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 58% 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 $101,760 (18.6% 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. It's been on market 402 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. Built in 1937 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
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: 0.82% ✗
• Cap rate: 5.03%
• Cash-on-cash: -4.51%
• DSCR: 0.80
• GRM: 10.2

CMA / ARV

• ARV (median comp): $139,854
• List price: $125,000
• Delta: -10.62%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
507 Harbour Ave	0.23mi	3/2.0 (+1)	1,478 (-1%)	6mo	$130,000	$88	77
701 Alexander St	0.25mi	3/2.0 (+1)	1,630 (+9%)	6mo	$142,000	$87	63
1602 N 22nd St	0.51mi	3/2.0 (+1)	1,276 (-15%)	3mo	$196,000	$154	44

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

Projected returns pro-forma

2.26% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -0.6%
• Equity multiple: 0.97×
• Total profit: $-1,070
• Equity at exit: $51,080

10-year hold

• IRR: 2.3%
• Equity multiple: 1.31×
• Total profit: $10,697
• Equity at exit: $74,947

Cash invested: $35,000 (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 76541

• Home prices YoY: 1.4%
• Rents YoY: -2.0%
• Active inventory: 123
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,021 high
• Mortgage (P&I): −$656
• Tax from tax record: −$231 /mo · $2,768/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$214
• Net cashflow: $-132

Break-even live

Break-even rent $1,188

Max offer price $101,760

Occupancy floor —

Sensitivity live

Price	-10% $-61	-5% $-96	+0% $-132	+5% $-167	+10% $-202
Rent	-10% $-212	-5% $-172	+0% $-132	+5% $-91	+10% $-51
Rate	-1.0pp $-69	-0.5pp $-100	base $-132	+0.5pp $-164	+1.0pp $-197

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
905 Parmer Ave Unit A Killeen, TX	3.0	1.0	1672	$750	$0.45	44d	1	0.07mi
501 N 18th St Unit B Killeen, TX	3.0	1.5	1286	$1,250	$0.97	24d	1	0.11mi
715 Cardinal Ave Killeen, TX	3.0	1.0	1142	$800	$0.70	44d	1	0.14mi
1309 Greenwood Ave Killeen, TX	3.0	1.0	925	$900	$0.97	22d	1	0.24mi
1108 Stewart St Killeen, TX	3.0	1.0	995	$1,150	$1.16	24d	1	0.35mi
1204 N 18th St Unit B Killeen, TX	3.0	2.0	1200	$1,200	$1.00	44d	1	0.36mi
508 Patton Dr Killeen, TX	3.0	1.5	924	$1,150	$1.24	24d	1	0.36mi
705 Crockett Dr Killeen, TX	3.0	1.0	1174	$1,095	$0.93	44d	1	0.39mi
1312 Carol Way Killeen, TX	3.0	1.0	1221	$1,100	$0.90	14d	1	0.42mi
1015 N 10th St Unit B Killeen, TX	3.0	2.0	1118	$1,100	$0.98	44d	1	0.43mi
1704 Smith Dr Killeen, TX	2.0	1.0	925	$1,000	$1.08	44d	1	0.50mi
1703 Smith Dr Killeen, TX	2.0	1.0	1176	$900	$0.77	24d	1	0.51mi
1701 Elkins Ave Killeen, TX	3.0	1.0	918	$1,000	$1.09	14d	1	0.54mi
1206 Middleton St Killeen, TX	2.0	1.0	1750	$800	$0.46	44d	1	0.60mi
1507 N 8th St Unit 8 Killeen, TX	3.0	2.0	1116	$995	$0.89	24d	1	0.65mi
506 Powell St Killeen, TX	3.0	1.0	1546	$1,400	$0.91	44d	1	0.67mi
209 West Avenue A Unit A Killeen, TX	3.0	2.0	876	$935	$1.07	14d	1	0.68mi
1901 N 10th St Unit 3 Killeen, TX	2.0	1.0	920	$745	$0.81	44d	1	0.71mi
710 Sutton Dr Killeen, TX	1.0	1.0	1322	$752	$0.57	44d	1	0.75mi
1901 Poage Ave Killeen, TX	2.0	1.0	1596	$875	$0.55	44d	1	0.75mi
1915 Poage Ave Killeen, TX	2.0	1.0	875	$850	$0.97	44d	1	0.77mi
1111 N College St Unit B Killeen, TX	3.0	2.0	1235	$995	$0.81	14d	1	0.80mi
724 Carrie Ave Killeen, TX	3.0	1.0	1100	$1,000	$0.91	44d	1	0.84mi
2303 Debra Cir Killeen, TX	3.0	1.5	1617	$1,600	$0.99	24d	1	0.85mi
424 W Green Ave Killeen, TX	1.0	1.0	968	$595	$0.61	44d	1	0.85mi
505 W Church Ave Killeen, TX	3.0	1.0	1160	$1,100	$0.95	14d	1	0.86mi
1203 N College St Unit 1203-207 Killeen, TX	2.0	2.0	980	$725	$0.74	44d	1	0.86mi
801 S W S Young Dr Killeen, TX	3.0	1.0–2.0	1027	$1,760	$1.71	14d	12	0.88mi
514 McArthur Dr Killeen, TX	3.0	1.0	1084	$995	$0.92	44d	1	0.89mi
1809 N W S Young Dr Unit 1B Killeen, TX	2.0	2.0	1200	$1,050	$0.88	44d	1	0.95mi
907 Wells St Killeen, TX	3.0	1.0	1050	$950	$0.90	24d	1	0.97mi
717 Norris Ave Killeen, TX	3.0	1.0	1118	$1,000	$0.89	44d	1	1.00mi
2504 Lake Rd Killeen, TX	3.0	1.5	1454	$1,295	$0.89	14d	1	1.06mi
905 N Gilmer St Killeen, TX	1.0–3.0	1.0–2.0	925	$1,145	$1.24	14d	5	1.07mi
805 W Kern Rd Unit 807 Killeen, TX	3.0	1.0	1692	$775	$0.46	44d	1	1.13mi
2701 Stetson Ave #2703 Killeen, TX	2.0	1.0	1536	$800	$0.52	44d	1	1.14mi
2218 Terrace Dr Killeen, TX	3.0	2.0	1772	$1,750	$0.99	14d	1	1.14mi
2307 Terrace Dr Unit C Killeen, TX	3.0	2.0	1203	$850	$0.71	14d	1	1.15mi
921 Mimosa St Killeen, TX	1.0	1.0	1024	$490	$0.48	44d	1	1.15mi
118 E Fowler Ave Killeen, TX	3.0	1.0	902	$875	$0.97	44d	1	1.18mi

Listing history 24 events

1. 2026-06-18
   days on market $125,000 Active 402 DOM
2. 2026-06-17
   days on market $125,000 Active 401 DOM
3. 2026-06-16
   days on market $125,000 Active 400 DOM
4. 2026-06-15
   days on market $125,000 Active 399 DOM
5. 2026-06-14
   days on market $125,000 Active 397 DOM
6. 2026-06-13
   days on market $125,000 Active 396 DOM
7. 2026-06-10
   days on market $125,000 Active 394 DOM
8. 2026-06-09
   days on market $125,000 Active 393 DOM
9. 2026-06-08
   days on market $125,000 Active 392 DOM
10. 2026-06-07
    days on market $125,000 Active 391 DOM
11. 2026-06-03
    days on market $125,000 Active 387 DOM
12. 2026-06-02
    days on market $125,000 Active 386 DOM
13. 2026-06-01
    days on market $125,000 Active 385 DOM
14. 2026-05-31
    days on market $125,000 Active 384 DOM
15. 2026-05-30
    days on market $125,000 Active 383 DOM
16. 2026-02-28
    price $125,000 411-char remark

    Show marketing remark (411 chars)

    100% FINANCING AVAILABLE! Good curb appeal on this home built in 1937 with some charming touches of a home from this era. Two bedrooms but could use den as 3rd bedroom. Pretty paneling in den. 2 bathrooms. Large living room with built-in bookcases. Corner lot. New roof installed November 2024. Fenced backyard. Convenient to Fort Cavazos. Perfect for 1st time buyer or investor. Being sold “as is“.

17. 2025-07-15
    price $130,000 411-char remark

    Show marketing remark (411 chars)

    100% FINANCING AVAILABLE! Good curb appeal on this home built in 1937 with some charming touches of a home from this era. Two bedrooms but could use den as 3rd bedroom. Pretty paneling in den. 2 bathrooms. Large living room with built-in bookcases. Corner lot. New roof installed November 2024. Fenced backyard. Convenient to Fort Cavazos. Perfect for 1st time buyer or investor. Being sold “as is“.

18. 2025-06-13
    price $135,000 411-char remark

    Show marketing remark (411 chars)

    100% FINANCING AVAILABLE! Good curb appeal on this home built in 1937 with some charming touches of a home from this era. Two bedrooms but could use den as 3rd bedroom. Pretty paneling in den. 2 bathrooms. Large living room with built-in bookcases. Corner lot. New roof installed November 2024. Fenced backyard. Convenient to Fort Cavazos. Perfect for 1st time buyer or investor. Being sold “as is“.

19. 2025-05-12
    listed $140,000 Active 411-char remark

    Show marketing remark (411 chars)

    100% FINANCING AVAILABLE! Good curb appeal on this home built in 1937 with some charming touches of a home from this era. Two bedrooms but could use den as 3rd bedroom. Pretty paneling in den. 2 bathrooms. Large living room with built-in bookcases. Corner lot. New roof installed November 2024. Fenced backyard. Convenient to Fort Cavazos. Perfect for 1st time buyer or investor. Being sold “as is“.

20. 2025-04-30
    historical
21. 2025-03-21
    price $140,000
22. 2025-01-17
    price $145,000
23. 2024-10-11
    listed $150,000 Active
24. 1974-05-17
    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: $2,768 · $231/mo
• Projected year-2 tax: $2,768 · $231/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 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 25 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 58% 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: $12,254
• − Mortgage interest: −$7,002
• − Property taxes: −$2,768
• − Insurance: −$625
• − Repairs & maintenance: −$980
• − Management: −$980
• − Depreciation: −$3,636
• Taxable loss: −$3,738
• Est. tax savings @ 24.0%: +$897
• After-tax cash flow: $-682/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): 19,011
• Household income: $37,349
• Rent vs Own: 76.4% rent · 23.6% own
• Severe rent burden: 1668.0

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 0.73)
• Race & ethnicity: Hispanic / Latino 32% White 31% Black 27% Two or more races 10% Asian 3% Pacific Islander 1%
• Hispanic origin (detail): Mexican 21% Puerto Rican 6% Dominican 1%
• Common ancestry: Italian 2% Slovak 1% Lithuanian 1%
• Foreign-born: 14% · Canada, Vietnam, South Korea
• Languages at home: 69% English-only · Spanish 25% German/W. Germanic 2% Korean 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: ▲ 2.26%
• Current HPI: 168.1206
• Rent YoY: ▼ -2.00%
• 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

-16.7% since first listed

9 events — show timeline

• 2026-02-28 Price Changed $125,000 CTXMLS
• 2025-07-15 Price Changed $130,000 CTXMLS
• 2025-06-13 Price Changed $135,000 CTXMLS
• 2025-05-12 Listed $140,000 CTXMLS
• 2025-04-30 Listing Removed — CTXMLS
• 2025-03-21 Price Changed $140,000 CTXMLS
• 2025-01-17 Price Changed $145,000 CTXMLS
• 2024-10-11 Listed $150,000 CTXMLS
• 1974-05-17 Sold (Public Records) — Public Records

Property tax history

+7.1%/yr

Latest (2025): $2,768 · +76.6% YoY. Source: county tax records.