3314 Ovilla Rd · Ovilla, TX 75154

$235,000

3 bd · 1.0 ba · 1,328 sqft · SingleFamily public records · 318 Days on market

Built 1940 0.32 ac lot $177/sqft · 31% below area Est $340k · 31% 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 +18.4/30.0
• ARV discount +15.0/15.0
• DSCR +5.8/10.0
• 1% rule +5.0/10.0
• Schools +4.8/10.0
• Livability +3.5/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

PRICED BELOW RESIDENTIAL APPRAISED VALUE! Currently used as a residence and zoned residential or commercial, this versatile property offers excellent potential for your home or business. Located in a high visibility area with planned road expansion that will level Ovilla Road to your home or business, you'll benefit from exceptional exposure. The building has potential for at least four office spaces, a waiting area, full kitchen, and full bath all with central heat and air. There's also room to expand parking to suit your needs. This is a rare chance to secure a commercial property in a growing area ideal for establishing a business or making a smart long term investment at a reasonable price. Endless possibilities in a prime, high traffic location.

Key facts

• High visibility area
• Full kitchen
• Central heat and air

Tags

• HIGH VISIBILITY AREA
• PLANNED ROAD EXPANSION
• POTENTIAL FOR OFFICE SPACES
• FULL KITCHEN
• FULL BATH
• CENTRAL HEAT AND AIR

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $221 ($3k/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 $234k (0.3% below list).
• Recommended offer: $207k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.4% vs local median 1.7% in Ovilla — 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 69/100 on livability (#396 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Midlothian ISD (suburban): math 53% / reading 52% proficiency, ranked #94 of 826 in TX (top 11%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.0%/yr); 565 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 3,016 units permitted in Ellis County in 2024 (20 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Ellis County population projected at +36% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 318 days — a 12% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 21y ago; this cycle's ask has dropped $90k (28%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• 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 $206,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 318 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 1940 — 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 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?
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: 1.00% ✗
• Cap rate: 7.42%
• Cash-on-cash: 4.03%
• DSCR: 1.18
• GRM: 8.4

CMA / ARV

• ARV (median comp): $339,505
• List price: $235,000
• Delta: -30.78%
• Verdict: UNDERPRICED
• Comps: 19 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
834 E Main St	0.13mi	3/1.5	1,439 (+8%)	9mo	$325,000	$226	71
704 E Main St	0.35mi	3/1.0	1,440 (+8%)	8mo	$180,000	$125	63

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 · 2.99% rent growth · sell at horizon

5-year hold

• IRR: -10.0%
• Equity multiple: 0.64×
• Total profit: $-23,976
• Equity at exit: $35,039

10-year hold

• IRR: -0.6%
• Equity multiple: 0.96×
• Total profit: $-2,676
• Equity at exit: $20,319

Cash invested: $65,800 (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 75154

• Home prices YoY: -18.5%
• Rents YoY: 3.0%
• Active inventory: 565
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $2,342 medium
• Mortgage (P&I): −$1,232
• Tax from tax record: −$299 /mo · $3,582/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$492
• Net cashflow: $221

Break-even live

Break-even rent $2,062

Max offer price $235,000

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2421 Frio River Rd Glenn Heights, TX	4.0	2.0	1816	$2,585	$1.42	17d	1	1.26mi

Listing history 32 events

1. 2026-06-18
   days on market $235,000 Active 318 DOM
2. 2026-06-17
   days on market $235,000 Active 317 DOM
3. 2026-06-16
   days on market $235,000 Active 316 DOM
4. 2026-06-15
   days on market $235,000 Active 315 DOM
5. 2026-06-13
   days on market $235,000 Active 313 DOM
6. 2026-06-09
   days on market $235,000 Active 309 DOM
7. 2026-06-08
   days on market $235,000 Active 308 DOM
8. 2026-06-07
   days on market $235,000 Active 307 DOM
9. 2026-06-04
   days on market $235,000 Active 304 DOM
10. 2026-06-03
    days on market $235,000 Active 303 DOM
11. 2026-06-02
    days on market $235,000 Active 302 DOM
12. 2026-06-01
    days on market $235,000 Active 301 DOM
13. 2026-05-31
    days on market $235,000 Active 300 DOM
14. 2026-03-14
    price $235,000 766-char remark

    Show marketing remark (766 chars)

    PRICED BELOW RESIDENTIAL APPRAISED VALUE! Currently used as a residence and zoned residential or commercial, this versatile property offers excellent potential for your home or business. Located in a high visibility area with planned road expansion that will level Ovilla Road to your home or business, you'll benefit from exceptional exposure. The building has potential for at least four office spaces, a waiting area, full kitchen, and full bath all with central heat and air. There's also room to expand parking to suit your needs. This is a rare chance to secure a commercial property in a growing area ideal for establishing a business or making a smart long term investment at a reasonable price. Endless possibilities in a prime, high traffic location.

15. 2026-01-14
    price $260,000 766-char remark

    Show marketing remark (766 chars)

    PRICED BELOW RESIDENTIAL APPRAISED VALUE! Currently used as a residence and zoned residential or commercial, this versatile property offers excellent potential for your home or business. Located in a high visibility area with planned road expansion that will level Ovilla Road to your home or business, you'll benefit from exceptional exposure. The building has potential for at least four office spaces, a waiting area, full kitchen, and full bath all with central heat and air. There's also room to expand parking to suit your needs. This is a rare chance to secure a commercial property in a growing area ideal for establishing a business or making a smart long term investment at a reasonable price. Endless possibilities in a prime, high traffic location.

16. 2025-10-04
    price $299,000 766-char remark

    Show marketing remark (766 chars)

    PRICED BELOW RESIDENTIAL APPRAISED VALUE! Currently used as a residence and zoned residential or commercial, this versatile property offers excellent potential for your home or business. Located in a high visibility area with planned road expansion that will level Ovilla Road to your home or business, you'll benefit from exceptional exposure. The building has potential for at least four office spaces, a waiting area, full kitchen, and full bath all with central heat and air. There's also room to expand parking to suit your needs. This is a rare chance to secure a commercial property in a growing area ideal for establishing a business or making a smart long term investment at a reasonable price. Endless possibilities in a prime, high traffic location.

17. 2025-09-16
    price $310,000 766-char remark

    Show marketing remark (766 chars)

    PRICED BELOW RESIDENTIAL APPRAISED VALUE! Currently used as a residence and zoned residential or commercial, this versatile property offers excellent potential for your home or business. Located in a high visibility area with planned road expansion that will level Ovilla Road to your home or business, you'll benefit from exceptional exposure. The building has potential for at least four office spaces, a waiting area, full kitchen, and full bath all with central heat and air. There's also room to expand parking to suit your needs. This is a rare chance to secure a commercial property in a growing area ideal for establishing a business or making a smart long term investment at a reasonable price. Endless possibilities in a prime, high traffic location.

18. 2025-08-20
    price $320,000 766-char remark

    Show marketing remark (766 chars)

    PRICED BELOW RESIDENTIAL APPRAISED VALUE! Currently used as a residence and zoned residential or commercial, this versatile property offers excellent potential for your home or business. Located in a high visibility area with planned road expansion that will level Ovilla Road to your home or business, you'll benefit from exceptional exposure. The building has potential for at least four office spaces, a waiting area, full kitchen, and full bath all with central heat and air. There's also room to expand parking to suit your needs. This is a rare chance to secure a commercial property in a growing area ideal for establishing a business or making a smart long term investment at a reasonable price. Endless possibilities in a prime, high traffic location.

19. 2025-08-04
    listed $325,000 Active 766-char remark

    Show marketing remark (766 chars)

    PRICED BELOW RESIDENTIAL APPRAISED VALUE! Currently used as a residence and zoned residential or commercial, this versatile property offers excellent potential for your home or business. Located in a high visibility area with planned road expansion that will level Ovilla Road to your home or business, you'll benefit from exceptional exposure. The building has potential for at least four office spaces, a waiting area, full kitchen, and full bath all with central heat and air. There's also room to expand parking to suit your needs. This is a rare chance to secure a commercial property in a growing area ideal for establishing a business or making a smart long term investment at a reasonable price. Endless possibilities in a prime, high traffic location.

20. 2023-01-27
    soldstatus
21. 2023-01-26
    soldstatus Closed 418-char remark

    Show marketing remark (418 chars)

    This is an estate sale & property has been probated. Property is being Sold As-Is. Seller will do No Repairs. Seller does not have a survey. CONTACT LISTING AGENT for more information known to listing agent regarding expansion of Ovilla Road & zoning by The City of Ovilla. Please use Preferred Title Company, title has been opened. All listing data, information provided is deemed accurate but not guaranteed.

22. 2022-12-26
    status Pending 418-char remark

    Show marketing remark (418 chars)

    This is an estate sale & property has been probated. Property is being Sold As-Is. Seller will do No Repairs. Seller does not have a survey. CONTACT LISTING AGENT for more information known to listing agent regarding expansion of Ovilla Road & zoning by The City of Ovilla. Please use Preferred Title Company, title has been opened. All listing data, information provided is deemed accurate but not guaranteed.

23. 2022-10-12
    historical Active Option Contract 418-char remark

    Show marketing remark (418 chars)

    This is an estate sale & property has been probated. Property is being Sold As-Is. Seller will do No Repairs. Seller does not have a survey. CONTACT LISTING AGENT for more information known to listing agent regarding expansion of Ovilla Road & zoning by The City of Ovilla. Please use Preferred Title Company, title has been opened. All listing data, information provided is deemed accurate but not guaranteed.

24. 2022-09-09
    price $174,900 418-char remark

    Show marketing remark (418 chars)

    This is an estate sale & property has been probated. Property is being Sold As-Is. Seller will do No Repairs. Seller does not have a survey. CONTACT LISTING AGENT for more information known to listing agent regarding expansion of Ovilla Road & zoning by The City of Ovilla. Please use Preferred Title Company, title has been opened. All listing data, information provided is deemed accurate but not guaranteed.

25. 2022-08-30
    price $184,900 418-char remark

    Show marketing remark (418 chars)

    This is an estate sale & property has been probated. Property is being Sold As-Is. Seller will do No Repairs. Seller does not have a survey. CONTACT LISTING AGENT for more information known to listing agent regarding expansion of Ovilla Road & zoning by The City of Ovilla. Please use Preferred Title Company, title has been opened. All listing data, information provided is deemed accurate but not guaranteed.

26. 2022-08-19
    listed $199,999 Active 418-char remark

    Show marketing remark (418 chars)

    This is an estate sale & property has been probated. Property is being Sold As-Is. Seller will do No Repairs. Seller does not have a survey. CONTACT LISTING AGENT for more information known to listing agent regarding expansion of Ovilla Road & zoning by The City of Ovilla. Please use Preferred Title Company, title has been opened. All listing data, information provided is deemed accurate but not guaranteed.

27. 2005-12-01
    soldstatus
28. 2005-11-22
    soldstatus
29. 2005-11-18
    historical
30. 2005-07-25
    listed $67,000
31. 1991-01-28
    soldstatus
32. 1984-11-05
    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: $3,582 · $299/mo
• Projected year-2 tax: $4,300 · $358/mo
• Expected delta: +$718/yr (+$60/mo · 20.1%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,101
• − Mortgage interest: −$13,164
• − Property taxes: −$3,582
• − Insurance: −$1,175
• − Repairs & maintenance: −$2,248
• − Management: −$2,248
• − Depreciation: −$6,836
• Taxable loss: −$1,152
• Est. tax savings @ 24.0%: +$276
• After-tax cash flow: $2,931/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: Midlothian ISD
• NCES district ID: 4830600
• Math proficiency: 53% ▼ -7.00%
• Reading proficiency: 52% ▼ -1.00%
• Median HH income: $85,068
• Composite: 48.22/100
• National rank: #2165
• State rank: #94 of 826 in TX

Livability — Ovilla

• Score: 69/100
• State rank: #396
• US rank: #8259

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ovilla, TX
• County: Ellis County · 199,237 people
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 52,516
• Household income: $100,388
• Rent vs Own: 17.8% rent · 82.2% own
• Severe rent burden: 1081.0

Population outlook (Ellis County) Hauer SSP2

• Today (2025): 194,556 people
• By 2030: 209,679 · +7.8%
• By 2040: 238,837 · +22.8%
• By 2050: 265,451 · +36.4%
• By 2075: 326,571 · +67.9%
• By 2100: 362,156 · +86.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 39% Black 30% Hispanic / Latino 27% Two or more races 12% Asian 1% Native American 1%
• Hispanic origin (detail): Mexican 25%
• Common ancestry: Italian 2% Slovak 1%
• Foreign-born: 9% · Canada, Jamaica
• Languages at home: 80% English-only · Spanish 18%

Political lean MEDSL · Ellis

• 2024 margin: Solid R (+31.1) · D 34.0% · R 65.1%
• 2008→2024 swing: +11.2pp toward D · 2008: -42.2pp · 2024: -31.1pp
• All cycles: 2024: R+31.1 2020: R+34.1 2016: R+45.4 2012: R+47.5 2008: R+42.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -67.06%
• Current HPI: 294.5836
• Rent YoY: ▲ 2.99%
• 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

+250.7% since first listed

19 events — show timeline

• 2026-03-14 Price Changed $235,000 NTREIS
• 2026-01-14 Price Changed $260,000 NTREIS
• 2025-10-04 Price Changed $299,000 NTREIS
• 2025-09-16 Price Changed $310,000 NTREIS
• 2025-08-20 Price Changed $320,000 NTREIS
• 2025-08-04 Listed $325,000 NTREIS
• 2023-01-27 Sold (Public Records) — Public Records
• 2023-01-26 Sold (MLS) — NTREIS
• 2022-12-26 Pending — NTREIS
• 2022-10-12 Contingent — NTREIS
• 2022-09-09 Price Changed $174,900 NTREIS
• 2022-08-30 Price Changed $184,900 NTREIS
• 2022-08-19 Listed $199,999 NTREIS
• 2005-12-01 Sold (Public Records) — Public Records
• 2005-11-22 Sold (MLS) — NTREIS
• 2005-11-18 Listing Removed — NTREIS
• 2005-07-25 Listed $67,000 NTREIS
• 1991-01-28 Sold (Public Records) — Public Records
• 1984-11-05 Sold (Public Records) — Public Records

Property tax history

+6.6%/yr

Latest (2025): $3,582 · -3.8% YoY. Source: county tax records.