744 S Ave A · Kermit, TX 79745

$148,500

2 bd · 2.0 ba · 1,090 sqft · SingleFamily public records · 309 Days on market

Built 1955 8,276 sqft lot $136/sqft · at area comps Est $154k · at est. ↓ 4% since listing

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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 +29.0/30.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +9.2/15.0
• 1% rule +7.1/10.0
• Livability +3.1/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Check out the updates the seller has made on this home. All exterior siding and trim has all been painted. This house has had one of the bedrooms extended and a nice, large bathroom with walk-in shower added. Original bathroom was converted into a laundry room. Kitchen is open to the living room, laminate flooring throughout, ceiling fans and central heat and air. Should be ready for any type of financing, now. Great starter or retirement home.

Key facts

• Laundry room
• Large bathroom
• Living room

Tags

• BEDROOM EXTENDED
• LARGE BATHROOM
• WALK-IN SHOWER
• LAUNDRY ROOM
• OPEN KITCHEN
• LIVING ROOM

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $148k.

Deal economics

• At list price, monthly cash flow is $509 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $148k).
• Recommended offer: $131k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#925 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety C-, schools F, amenities F.
• Kermit ISD (town): math 31% / reading 30% proficiency, ranked #602 of 826 in TX (top 73%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 19 active listings in the ZIP; 1 comparable units currently listed for rent nearby.

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $15k appreciation (10.0% local appreciation)).
• Winkler County population projected at +67% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 309 days — a 12% 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

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $130,680 (12.0% below list)

Questions for the listing agent

1. It's been on market 309 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
6. 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.
7. 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.
8. 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: 1.21% ✓
• Cap rate: 10.41%
• Cash-on-cash: 14.70%
• DSCR: 1.65
• GRM: 6.9

CMA / ARV

• ARV (median comp): $154,324
• List price: $148,500
• Delta: -3.77%
• Verdict: FAIR
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 35.1%
• Equity multiple: 3.72×
• Total profit: $113,273
• Equity at exit: $133,781

10-year hold

• IRR: 30.2%
• Equity multiple: 8.41×
• Total profit: $307,975
• Equity at exit: $288,503

Cash invested: $41,580 (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 79745

• Home prices YoY: 4.7%
• Active inventory: 19
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,800 medium
• Mortgage (P&I): −$779
• Tax from tax record: −$72 /mo · $865/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$378
• Net cashflow: $509

Break-even live

Break-even rent $1,155

Max offer price $148,500

Occupancy floor 67%

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: $37,125
• Closing costs: $4,455
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
452 North Avenue B Unit B Kermit, TX	3.0	1.5	1220	$1,800	$1.48	44d	1	0.98mi

Listing history 20 events

1. 2026-06-19
   days on market $148,500 Active 309 DOM
2. 2026-06-18
   days on market $148,500 Active 308 DOM
3. 2026-06-17
   days on market $148,500 Active 307 DOM
4. 2026-06-16
   days on market $148,500 Active 306 DOM
5. 2026-06-15
   days on market $148,500 Active 305 DOM
6. 2026-06-14
   days on market $148,500 Active 303 DOM
7. 2026-06-12
   days on market $148,500 Active 302 DOM
8. 2026-06-09
   days on market $148,500 Active 299 DOM
9. 2026-06-08
   days on market $148,500 Active 298 DOM
10. 2026-06-07
    days on market $148,500 Active 297 DOM
11. 2026-06-05
    days on market $148,500 Active 295 DOM
12. 2026-06-04
    days on market $148,500 Active 293 DOM
13. 2026-06-02
    days on market $148,500 Active 292 DOM
14. 2026-06-01
    days on market $148,500 Active 291 DOM
15. 2026-05-31
    days on market $148,500 Active 290 DOM
16. 2026-05-31
    days on market $148,500 Active 289 DOM
17. 2026-03-26
    status Active 449-char remark

    Show marketing remark (449 chars)

    Check out the updates the seller has made on this home. All exterior siding and trim has all been painted. This house has had one of the bedrooms extended and a nice, large bathroom with walk-in shower added. Original bathroom was converted into a laundry room. Kitchen is open to the living room, laminate flooring throughout, ceiling fans and central heat and air. Should be ready for any type of financing, now. Great starter or retirement home.

18. 2026-03-26
    historical 449-char remark

    Show marketing remark (449 chars)

    Check out the updates the seller has made on this home. All exterior siding and trim has all been painted. This house has had one of the bedrooms extended and a nice, large bathroom with walk-in shower added. Original bathroom was converted into a laundry room. Kitchen is open to the living room, laminate flooring throughout, ceiling fans and central heat and air. Should be ready for any type of financing, now. Great starter or retirement home.

19. 2025-10-31
    price $148,500 449-char remark

    Show marketing remark (449 chars)

    Check out the updates the seller has made on this home. All exterior siding and trim has all been painted. This house has had one of the bedrooms extended and a nice, large bathroom with walk-in shower added. Original bathroom was converted into a laundry room. Kitchen is open to the living room, laminate flooring throughout, ceiling fans and central heat and air. Should be ready for any type of financing, now. Great starter or retirement home.

20. 2025-08-14
    listed $155,000 Active 449-char remark

    Show marketing remark (449 chars)

    Check out the updates the seller has made on this home. All exterior siding and trim has all been painted. This house has had one of the bedrooms extended and a nice, large bathroom with walk-in shower added. Original bathroom was converted into a laundry room. Kitchen is open to the living room, laminate flooring throughout, ceiling fans and central heat and air. Should be ready for any type of financing, now. Great starter or retirement home.

ⓘ 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: $865 · $72/mo
• Projected year-2 tax: $2,718 · $226/mo
• Expected delta: +$1,853/yr (+$154/mo · 214.3%)

ⓘ 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 9/10 Extreme
• 🌡 Heat 6/10 Major 6 d/yr ≥103°F today · 17 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: $21,600
• − Mortgage interest: −$8,318
• − Property taxes: −$865
• − Insurance: −$742
• − Repairs & maintenance: −$1,728
• − Management: −$1,728
• − Depreciation: −$4,320
• Taxable income: $3,898
• Est. tax owed @ 24.0%: −$936
• After-tax cash flow: $5,176/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: Kermit ISD
• NCES district ID: 4825560
• Math proficiency: 31% ▲ 12.00%
• Reading proficiency: 30% ▲ 8.00%
• Median HH income: $48,332
• Composite: 26.47/100
• National rank: #7215
• State rank: #602 of 826 in TX

Livability — Kermit

• Score: 62/100
• State rank: #925
• US rank: #16453

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kermit, TX
• Population (ZIP): 6,160

Population outlook (Winkler County) Hauer SSP2

• Today (2025): 10,019 people
• By 2030: 11,177 · +11.6%
• By 2040: 13,746 · +37.2%
• By 2050: 16,734 · +67.0%
• By 2075: 24,573 · +145.3%
• By 2100: 30,264 · +202.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (71%)
• Race & ethnicity: Hispanic / Latino 71% White 23% Two or more races 21% Black 4% Native American 3%
• Hispanic origin (detail): Mexican 65% Cuban 2%
• Common ancestry: Lithuanian 2%
• Foreign-born: 17% · Canada
• Languages at home: 45% English-only · Spanish 55%

Political lean MEDSL · Winkler

• 2024 margin: Solid R (+70.5) · D 14.7% · R 85.2%
• 2008→2024 swing: -18.8pp toward R · 2008: -51.8pp · 2024: -70.5pp
• All cycles: 2024: R+70.5 2020: R+65.6 2016: R+52.5 2012: R+53.5 2008: R+51.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 10.52%
• Current HPI: 233.1436
• 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

-4.2% since first listed

4 events — show timeline

• 2026-03-26 Relisted — ODMLS
• 2026-03-26 Delisted — ODMLS
• 2025-10-31 Price Changed $148,500 ODMLS
• 2025-08-14 Listed $155,000 ODMLS

Property tax history

+7.5%/yr

Latest (2025): $865 · +20.2% YoY. Source: county tax records.