17066 State Highway 36 S · Somerville, TX 77879

$160,000

2 bd · 1.0 ba · 1,428 sqft · SingleFamily public records · 371 Days on market

Built 1952 7,405 sqft lot $112/sqft · 12% below area Est $181k · 12% under ↓ 29% 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 +12.7/15.0
• Cash flow +8.8/30.0
• Appreciation +5.6/10.0
• Livability +3.2/5.0
• Schools +2.8/10.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.4/10.0

Listing remarks MLS

Charming Vintage Home with Commercial Potential on Highway 36. Discover the unique opportunity offered by this charming 2-bedroom, 1-bath vintage home situated on a generous 0.17 acre lot along Highway 36. Built in 1952, this property exudes classic character and timeless appeal, ideal for those looking to restore its historic charm while envisioning a fresh future whether as a residence, business location, or both (buyers verify specific commercial uses with the City Secretary). The home features a welcoming covered front porch, an attached carport, and two storage sheds, providing practical functionality alongside its nostalgic aesthetic. Its prime location offers excellent visibility and accessibility, making it a strong candidate for a home-based business or standalone commercial venture while perfectly positioned for commuters, families, or entrepreneurs seeking both convenience and potential. Whether a cozy home with historic flair or launching a small business this has it all!

Key facts

• Covered front porch
• Attached carport
• Excellent visibility

Tags

• VINTAGE HOME
• COVERED FRONT PORCH
• ATTACHED CARPORT
• STORAGE SHEDS
• PRIME LOCATION
• EXCELLENT VISIBILITY

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $-197 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $125k (21.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $120k (24.9% below list).
• Recommended offer: $120k (24.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 65/100 on livability (#703 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D+, schools F, amenities F.
• Somerville ISD (rural): math 36% / reading 29% proficiency, ranked #579 of 826 in TX (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 221 active listings in the ZIP; 44 units permitted in Burleson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($1k loan paydown + $2k appreciation (1.2% local appreciation)).
• By year 10, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 371 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago; this cycle's ask has dropped $20k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; severe wind risk, 97% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $120,110 (24.9% 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 371 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
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: 0.75% ✗
• Cap rate: 5.31%
• Cash-on-cash: -3.49%
• DSCR: 0.84
• GRM: 11.1

CMA / ARV

• ARV (median comp): $181,025
• List price: $160,000
• Delta: -11.61%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
425 8th St	0.47mi	3/1.0 (+1)	1,440 (+1%)	12mo	$259,000	$180	61
949 Avenue E	0.23mi	3/2.0 (+1)	1,500 (+5%)	14mo	$245,000	$163	60
346 10th St	0.30mi	3/2.0 (+1)	1,509 (+6%)	15mo	$259,500	$172	55
591 Avenue E	0.45mi	2/1.0	1,602 (+12%)	19mo	$159,000	$99	42
404 10th St	0.34mi	3/1.0 (+1)	1,250 (-12%)	22mo	$175,000	$140	40

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

Projected returns pro-forma

1.2% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -3.4%
• Equity multiple: 0.82×
• Total profit: $-7,902
• Equity at exit: $56,329

10-year hold

• IRR: 1.6%
• Equity multiple: 1.20×
• Total profit: $9,182
• Equity at exit: $76,195

Cash invested: $44,800 (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 77879

• Home prices YoY: 0.7%
• Active inventory: 221
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $1,201 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$174 /mo · $2,083/yr
• Insurance: −$67
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $-197

Break-even live

Break-even rent $1,450

Max offer price $125,213

Occupancy floor —

Sensitivity live

Price	-10% $-106	-5% $-152	+0% $-197	+5% $-242	+10% $-287
Rent	-10% $-292	-5% $-244	+0% $-197	+5% $-149	+10% $-102
Rate	-1.0pp $-116	-0.5pp $-156	base $-197	+0.5pp $-238	+1.0pp $-281

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Listing history 28 events

1. 2026-06-19
   days on market $160,000 Active 371 DOM
2. 2026-06-18
   days on market $160,000 Active 370 DOM
3. 2026-06-17
   days on market $160,000 Active 369 DOM
4. 2026-06-16
   days on market $160,000 Active 368 DOM
5. 2026-06-15
   days on market $160,000 Active 367 DOM
6. 2026-06-14
   days on market $160,000 Active 365 DOM
7. 2026-06-12
   days on market $160,000 Active 364 DOM
8. 2026-06-09
   days on market $160,000 Active 361 DOM
9. 2026-06-08
   days on market $160,000 Active 360 DOM
10. 2026-06-07
    days on market $160,000 Active 359 DOM
11. 2026-06-05
    days on market $160,000 Active 356 DOM
12. 2026-06-03
    days on market $160,000 Active 355 DOM
13. 2026-06-02
    days on market $160,000 Active 354 DOM
14. 2026-06-01
    days on market $160,000 Active 353 DOM
15. 2026-05-31
    days on market $160,000 Active 352 DOM
16. 2026-05-30
    days on market $160,000 Active 351 DOM
17. 2025-07-18
    price $160,000 998-char remark

    Show marketing remark (998 chars)

    Charming Vintage Home with Commercial Potential on Highway 36. Discover the unique opportunity offered by this charming 2-bedroom, 1-bath vintage home situated on a generous 0.17 acre lot along Highway 36. Built in 1952, this property exudes classic character and timeless appeal, ideal for those looking to restore its historic charm while envisioning a fresh future whether as a residence, business location, or both (buyers verify specific commercial uses with the City Secretary). The home features a welcoming covered front porch, an attached carport, and two storage sheds, providing practical functionality alongside its nostalgic aesthetic. Its prime location offers excellent visibility and accessibility, making it a strong candidate for a home-based business or standalone commercial venture while perfectly positioned for commuters, families, or entrepreneurs seeking both convenience and potential. Whether a cozy home with historic flair or launching a small business this has it all!

18. 2025-06-13
    listed $179,900 Active 998-char remark

    Show marketing remark (998 chars)

    Charming Vintage Home with Commercial Potential on Highway 36. Discover the unique opportunity offered by this charming 2-bedroom, 1-bath vintage home situated on a generous 0.17 acre lot along Highway 36. Built in 1952, this property exudes classic character and timeless appeal, ideal for those looking to restore its historic charm while envisioning a fresh future whether as a residence, business location, or both (buyers verify specific commercial uses with the City Secretary). The home features a welcoming covered front porch, an attached carport, and two storage sheds, providing practical functionality alongside its nostalgic aesthetic. Its prime location offers excellent visibility and accessibility, making it a strong candidate for a home-based business or standalone commercial venture while perfectly positioned for commuters, families, or entrepreneurs seeking both convenience and potential. Whether a cozy home with historic flair or launching a small business this has it all!

19. 2024-04-23
    historical
20. 2024-04-22
    price $99,900
21. 2024-03-17
    listed $129,000 Active
22. 2024-03-16
    historical
23. 2024-02-18
    price $165,000
24. 2024-01-08
    listed $199,000 Active
25. 2024-01-03
    historical
26. 2023-09-03
    price $250,000
27. 2023-09-03
    listed $225,000 Active
28. 2000-05-04
    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: $2,083 · $174/mo
• Projected year-2 tax: $2,928 · $244/mo
• Expected delta: +$845/yr (+$70/mo · 40.5%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥110°F today · 23 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 97% 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: $14,413
• − Mortgage interest: −$8,962
• − Property taxes: −$2,083
• − Insurance: −$1,598
• − Repairs & maintenance: −$1,153
• − Management: −$1,153
• − Depreciation: −$4,655
• Taxable loss: −$5,191
• Est. tax savings @ 24.0%: +$1,246
• After-tax cash flow: $-1,117/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: Somerville ISD
• NCES district ID: 4840770
• Math proficiency: 36% ▲ 10.00%
• Reading proficiency: 29% ▬ 0.00%
• Median HH income: $42,453
• Composite: 27.59/100
• National rank: #6936
• State rank: #579 of 826 in TX

Livability — Somerville

• Score: 65/100
• State rank: #703
• US rank: #13147

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Somerville, TX
• Population (ZIP): 4,775

Population outlook (Burleson County) Hauer SSP2

• Today (2025): 18,066 people
• By 2030: 18,174 · +0.6%
• By 2040: 18,198 · +0.7%
• By 2050: 18,110 · +0.2%
• By 2075: 18,166 · +0.6%
• By 2100: 16,949 · -6.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 59% Hispanic / Latino 23% Two or more races 15% Black 14% Native American 2%
• Hispanic origin (detail): Mexican 20%
• Common ancestry: Lithuanian 2% Slovak 2% Serbian 1%
• Foreign-born: 8% · Canada, Vietnam
• Languages at home: 84% English-only · Spanish 14% Vietnamese 1% Tagalog/Filipino 1%

Political lean MEDSL · Burleson

• 2024 margin: Solid R (+62.8) · D 18.2% · R 81.0%
• 2008→2024 swing: -25.4pp toward R · 2008: -37.4pp · 2024: -62.8pp
• All cycles: 2024: R+62.8 2020: R+57.6 2016: R+55.1 2012: R+46.0 2008: R+37.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.20%
• Current HPI: 178.3416
• 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

-28.9% since first listed

12 events — show timeline

• 2025-07-18 Price Changed $160,000 HARMLS
• 2025-06-13 Listed $179,900 HARMLS
• 2024-04-23 Listing Removed — HARMLS
• 2024-04-22 Price Changed $99,900 HARMLS
• 2024-03-17 Listed $129,000 HARMLS
• 2024-03-16 Listing Removed — HARMLS
• 2024-02-18 Price Changed $165,000 HARMLS
• 2024-01-08 Listed $199,000 HARMLS
• 2024-01-03 Listing Removed — HARMLS
• 2023-09-03 Price Changed $250,000 HARMLS
• 2023-09-03 Listed $225,000 HARMLS
• 2000-05-04 Sold (Public Records) — Public Records

Property tax history

+13.3%/yr

Latest (2025): $2,083 · +85.5% YoY. Source: county tax records.