507 W Nash St · Terrell, TX 75160

$230,000

6 bd · 2.0 ba · 2,882 sqft · SingleFamily public records · 157 Days on market

Built 1917 6,360 sqft lot $80/sqft · 54% below area

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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 +22.0/30.0
• ARV discount +7.5/15.0
• DSCR +7.0/10.0
• 1% rule +5.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well-located two-story residential property currently configured as three separate living areas, each featuring 2 bedrooms and 1 bathroom, central heating and air, and private patio space (two front patios and one rear). The overall layout includes multiple kitchens, a mix of carpet and hardwood flooring, and tile in all bathrooms. The structure sits on a pier-and-beam foundation with vinyl siding and a composition shingle roof (approx. 15 years old). Additional features include concrete and asphalt driveway parking, city sewer service, a single water meter, updated plumbing, and an all-electric setup with no gas appliances. Long-term occupants have been in place for approximately 10 years, and the landlord currently pays all utilities. Property condition reflects normal wear consistent with long-term occupancy. Property is currently configured as three units; however, zoning, use, permits, and occupancy status have not been completed or verified. Buyer to independently verify allowable use, zoning, permitting, and occupancy requirements with the City of Terrell. Property is offered as-is. Property can be converted back to a single-family unit if desired.

Key facts

• Three kitchens
• Central heat and air
• Private patios

Tags

• TWO STORY TRIPLEX
• PRIVATE PATIOS
• CENTRAL HEAT AND AIR
• THREE KITCHENS
• PIER AND BEAM FOUNDATION
• VINYL SIDING

What this means for you Summary

Snapshot

• This is a 6-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $366 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $230k).
• Recommended offer: $202k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 3.8% in Terrell — 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 67/100 on livability (#520 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities C-, employment D, schools F.
• Terrell ISD (town): math 25% / reading 30% proficiency, ranked #677 of 826 in TX (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 372 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,747 units permitted in Kaufman County in 2024 (180 in 5+ unit buildings).
• This rent runs 40% of the median local income ($72k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.
• Kaufman County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 157 days — a 12% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 17y ago; this cycle's ask has dropped $69k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1917 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $202,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 157 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 1917 — 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: 1.04% ✓
• Cap rate: 8.20%
• Cash-on-cash: 6.82%
• DSCR: 1.30
• GRM: 8.0

CMA / ARV

• ARV (median comp): $505,370
• List price: $230,000
• Delta: -54.49%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
902 N Frances St	0.54mi	5/2.0 (-1)	2,944 (+2%)	1mo	$135,000	$46	65

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -5.8%
• Equity multiple: 0.78×
• Total profit: $-13,958
• Equity at exit: $34,294

10-year hold

• IRR: 3.8%
• Equity multiple: 1.28×
• Total profit: $17,835
• Equity at exit: $19,886

Cash invested: $64,400 (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 75160

• Home prices YoY: -13.2%
• Active inventory: 372
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $2,381 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$213 /mo · $2,555/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$500
• Net cashflow: $366

Break-even live

Break-even rent $1,918

Max offer price $230,000

Occupancy floor 80%

Sensitivity live

Price	-10% $496	-5% $431	+0% $366	+5% $301	+10% $236
Rent	-10% $178	-5% $272	+0% $366	+5% $460	+10% $554
Rate	-1.0pp $482	-0.5pp $425	base $366	+0.5pp $307	+1.0pp $246

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
116 N Island Dr Terrell, TX	3.0–5.0	2.0–2.5	1909	$2,730	$1.43	1d	1	1.40mi

Listing history 31 events

1. 2026-06-18
   days on market $230,000 Active 157 DOM
2. 2026-06-18
   price $230,000 Active 156 DOM
3. 2026-06-17
   days on market $235,000 Active 156 DOM
4. 2026-06-16
   days on market $235,000 Active 155 DOM
5. 2026-06-15
   days on market $235,000 Active 154 DOM
6. 2026-06-13
   days on market $235,000 Active 152 DOM
7. 2026-06-13
   days on market $235,000 Active 151 DOM
8. 2026-06-09
   days on market $235,000 Active 148 DOM
9. 2026-06-08
   days on market $235,000 Active 147 DOM
10. 2026-06-07
    days on market $235,000 Active 146 DOM
11. 2026-06-04
    pricedays on market $235,000 Active 143 DOM
12. 2026-06-03
    days on market $240,000 Active 142 DOM
13. 2026-06-02
    days on market $240,000 Active 141 DOM
14. 2026-06-01
    days on market $240,000 Active 140 DOM
15. 2026-05-31
    days on market $240,000 Active 139 DOM
16. 2026-05-15
    price $240,000 1182-char remark

    Show marketing remark (1182 chars)

    Well-located two-story residential property currently configured as three separate living areas, each featuring 2 bedrooms and 1 bathroom, central heating and air, and private patio space (two front patios and one rear). The overall layout includes multiple kitchens, a mix of carpet and hardwood flooring, and tile in all bathrooms. The structure sits on a pier-and-beam foundation with vinyl siding and a composition shingle roof (approx. 15 years old). Additional features include concrete and asphalt driveway parking, city sewer service, a single water meter, updated plumbing, and an all-electric setup with no gas appliances. Long-term occupants have been in place for approximately 10 years, and the landlord currently pays all utilities. Property condition reflects normal wear consistent with long-term occupancy. Property is currently configured as three units; however, zoning, use, permits, and occupancy status have not been completed or verified. Buyer to independently verify allowable use, zoning, permitting, and occupancy requirements with the City of Terrell. Property is offered as-is. Property can be converted back to a single-family unit if desired.

17. 2026-05-02
    price $250,000 1182-char remark

    Show marketing remark (1182 chars)

    Well-located two-story residential property currently configured as three separate living areas, each featuring 2 bedrooms and 1 bathroom, central heating and air, and private patio space (two front patios and one rear). The overall layout includes multiple kitchens, a mix of carpet and hardwood flooring, and tile in all bathrooms. The structure sits on a pier-and-beam foundation with vinyl siding and a composition shingle roof (approx. 15 years old). Additional features include concrete and asphalt driveway parking, city sewer service, a single water meter, updated plumbing, and an all-electric setup with no gas appliances. Long-term occupants have been in place for approximately 10 years, and the landlord currently pays all utilities. Property condition reflects normal wear consistent with long-term occupancy. Property is currently configured as three units; however, zoning, use, permits, and occupancy status have not been completed or verified. Buyer to independently verify allowable use, zoning, permitting, and occupancy requirements with the City of Terrell. Property is offered as-is. Property can be converted back to a single-family unit if desired.

18. 2026-04-10
    price $260,000 1182-char remark

    Show marketing remark (1182 chars)

    Well-located two-story residential property currently configured as three separate living areas, each featuring 2 bedrooms and 1 bathroom, central heating and air, and private patio space (two front patios and one rear). The overall layout includes multiple kitchens, a mix of carpet and hardwood flooring, and tile in all bathrooms. The structure sits on a pier-and-beam foundation with vinyl siding and a composition shingle roof (approx. 15 years old). Additional features include concrete and asphalt driveway parking, city sewer service, a single water meter, updated plumbing, and an all-electric setup with no gas appliances. Long-term occupants have been in place for approximately 10 years, and the landlord currently pays all utilities. Property condition reflects normal wear consistent with long-term occupancy. Property is currently configured as three units; however, zoning, use, permits, and occupancy status have not been completed or verified. Buyer to independently verify allowable use, zoning, permitting, and occupancy requirements with the City of Terrell. Property is offered as-is. Property can be converted back to a single-family unit if desired.

19. 2026-03-25
    price $270,000 1182-char remark

    Show marketing remark (1182 chars)

    Well-located two-story residential property currently configured as three separate living areas, each featuring 2 bedrooms and 1 bathroom, central heating and air, and private patio space (two front patios and one rear). The overall layout includes multiple kitchens, a mix of carpet and hardwood flooring, and tile in all bathrooms. The structure sits on a pier-and-beam foundation with vinyl siding and a composition shingle roof (approx. 15 years old). Additional features include concrete and asphalt driveway parking, city sewer service, a single water meter, updated plumbing, and an all-electric setup with no gas appliances. Long-term occupants have been in place for approximately 10 years, and the landlord currently pays all utilities. Property condition reflects normal wear consistent with long-term occupancy. Property is currently configured as three units; however, zoning, use, permits, and occupancy status have not been completed or verified. Buyer to independently verify allowable use, zoning, permitting, and occupancy requirements with the City of Terrell. Property is offered as-is. Property can be converted back to a single-family unit if desired.

20. 2026-03-05
    price $290,000 1182-char remark

    Show marketing remark (1182 chars)

    Well-located two-story residential property currently configured as three separate living areas, each featuring 2 bedrooms and 1 bathroom, central heating and air, and private patio space (two front patios and one rear). The overall layout includes multiple kitchens, a mix of carpet and hardwood flooring, and tile in all bathrooms. The structure sits on a pier-and-beam foundation with vinyl siding and a composition shingle roof (approx. 15 years old). Additional features include concrete and asphalt driveway parking, city sewer service, a single water meter, updated plumbing, and an all-electric setup with no gas appliances. Long-term occupants have been in place for approximately 10 years, and the landlord currently pays all utilities. Property condition reflects normal wear consistent with long-term occupancy. Property is currently configured as three units; however, zoning, use, permits, and occupancy status have not been completed or verified. Buyer to independently verify allowable use, zoning, permitting, and occupancy requirements with the City of Terrell. Property is offered as-is. Property can be converted back to a single-family unit if desired.

21. 2026-02-13
    price $297,000 1182-char remark

    Show marketing remark (1182 chars)

    Well-located two-story residential property currently configured as three separate living areas, each featuring 2 bedrooms and 1 bathroom, central heating and air, and private patio space (two front patios and one rear). The overall layout includes multiple kitchens, a mix of carpet and hardwood flooring, and tile in all bathrooms. The structure sits on a pier-and-beam foundation with vinyl siding and a composition shingle roof (approx. 15 years old). Additional features include concrete and asphalt driveway parking, city sewer service, a single water meter, updated plumbing, and an all-electric setup with no gas appliances. Long-term occupants have been in place for approximately 10 years, and the landlord currently pays all utilities. Property condition reflects normal wear consistent with long-term occupancy. Property is currently configured as three units; however, zoning, use, permits, and occupancy status have not been completed or verified. Buyer to independently verify allowable use, zoning, permitting, and occupancy requirements with the City of Terrell. Property is offered as-is. Property can be converted back to a single-family unit if desired.

22. 2026-01-12
    listed $299,000 Active 1182-char remark

    Show marketing remark (1182 chars)

    Well-located two-story residential property currently configured as three separate living areas, each featuring 2 bedrooms and 1 bathroom, central heating and air, and private patio space (two front patios and one rear). The overall layout includes multiple kitchens, a mix of carpet and hardwood flooring, and tile in all bathrooms. The structure sits on a pier-and-beam foundation with vinyl siding and a composition shingle roof (approx. 15 years old). Additional features include concrete and asphalt driveway parking, city sewer service, a single water meter, updated plumbing, and an all-electric setup with no gas appliances. Long-term occupants have been in place for approximately 10 years, and the landlord currently pays all utilities. Property condition reflects normal wear consistent with long-term occupancy. Property is currently configured as three units; however, zoning, use, permits, and occupancy status have not been completed or verified. Buyer to independently verify allowable use, zoning, permitting, and occupancy requirements with the City of Terrell. Property is offered as-is. Property can be converted back to a single-family unit if desired.

23. 2015-01-02
    soldstatus
24. 2011-01-28
    historical
25. 2010-07-27
    listed $125,000 Active
26. 2010-07-16
    soldstatus
27. 2009-04-17
    soldstatus
28. 2009-04-10
    soldstatus
29. 2009-04-06
    historical
30. 2009-02-02
    listed $59,900
31. 2008-07-15
    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: $2,555 · $213/mo
• Projected year-2 tax: $4,209 · $351/mo
• Expected delta: +$1,654/yr (+$138/mo · 64.7%)

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

Taxation est. · year 1

• Rental income: $28,573
• − Mortgage interest: −$12,884
• − Property taxes: −$2,555
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,286
• − Management: −$2,286
• − Depreciation: −$6,691
• Taxable income: $722
• Est. tax owed @ 24.0%: −$173
• After-tax cash flow: $4,221/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: Terrell ISD
• NCES district ID: 4842450
• Math proficiency: 25% ▼ -14.00%
• Reading proficiency: 30% ▼ -5.00%
• Median HH income: $44,265
• Composite: 23.57/100
• National rank: #7855
• State rank: #677 of 826 in TX

Livability — Terrell

• Score: 67/100
• State rank: #520
• US rank: #10213

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Terrell, TX
• County: Kaufman County · 122,338 people
• City population: 28,206
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 28,206
• Household income: $71,801
• Rent vs Own: 31.5% rent · 68.5% own
• Severe rent burden: 845.0

Population outlook (Kaufman County) Hauer SSP2

• Today (2025): 138,716 people
• By 2030: 150,815 · +8.7%
• By 2040: 174,877 · +26.1%
• By 2050: 198,020 · +42.8%
• By 2075: 251,908 · +81.6%
• By 2100: 285,325 · +105.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 46% Hispanic / Latino 33% Two or more races 19% Black 18%
• Hispanic origin (detail): Mexican 30%
• Common ancestry: Lithuanian 2% Slovak 1% Portuguese 1%
• Foreign-born: 11% · Canada
• Languages at home: 75% English-only · Spanish 24% Russian/Polish/Slavic 1%

Political lean MEDSL · Kaufman

• 2024 margin: Strong R (+27.9) · D 35.6% · R 63.5%
• 2008→2024 swing: +7.9pp toward D · 2008: -35.8pp · 2024: -27.9pp
• All cycles: 2024: R+27.9 2020: R+33.9 2016: R+47.0 2012: R+44.4 2008: R+35.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -42.39%
• Current HPI: 278.507
• Rent YoY: —
• 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

+300.7% since first listed

16 events — show timeline

• 2026-05-15 Price Changed $240,000 NTREIS
• 2026-05-02 Price Changed $250,000 NTREIS
• 2026-04-10 Price Changed $260,000 NTREIS
• 2026-03-25 Price Changed $270,000 NTREIS
• 2026-03-05 Price Changed $290,000 NTREIS
• 2026-02-13 Price Changed $297,000 NTREIS
• 2026-01-12 Listed $299,000 NTREIS
• 2015-01-02 Sold (Public Records) — Public Records
• 2011-01-28 Listing Removed — NTREIS
• 2010-07-27 Listed $125,000 NTREIS
• 2010-07-16 Sold (Public Records) — Public Records
• 2009-04-17 Sold (Public Records) — Public Records
• 2009-04-10 Sold (MLS) — NTREIS
• 2009-04-06 Listing Removed — NTREIS
• 2009-02-02 Listed $59,900 NTREIS
• 2008-07-15 Sold (Public Records) — Public Records

Property tax history

-7.5%/yr

Latest (2013): $2,555 · -1.4% YoY. Source: county tax records.