1112 County Road Y · Plainview, TX 79072

$74,900

2 bd · 1.0 ba · 1,336 sqft · SingleFamily public records · 50 Days on market

Built 1962 Poor condition 3.11 ac lot ↓ 16% since listing

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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 +26.2/30.0
• 1% rule +8.9/10.0
• DSCR +8.9/10.0
• ARV discount +7.5/15.0
• Livability +3.5/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Main house has 2 bedrooms, 1 bath on 3.11 acres. There''s a 2nd house with 1 bedroom and 1 bath. There is also a metal shop. Freddie Mac's First Look period expires 4-15-26.

Key facts

• 3.11 acre lot
• Built 1962
• Listed 50 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $75k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $191 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $73k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#393 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, crime C-, health & safety C-.
• Plainview ISD (town): math 41% / reading 37% proficiency, ranked #445 of 826 in TX (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 150 active listings in the ZIP; 13 units permitted in Hale County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $518 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Hale County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 14y ago 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: property tax is 3.3% of price.
• Climate carrying-cost: extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $72,653 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.39% ✓
• Cap rate: 9.36%
• Cash-on-cash: 10.94%
• DSCR: 1.49
• GRM: 6.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 0.2%
• Equity multiple: 1.01×
• Total profit: $129
• Equity at exit: $11,168

10-year hold

• IRR: 9.9%
• Equity multiple: 1.77×
• Total profit: $16,148
• Equity at exit: $6,476

Cash invested: $20,972 (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 79072

• Active inventory: 150
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,043 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$209 /mo · $2,506/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$219
• Net cashflow: $191

Break-even live

Break-even rent $801

Max offer price $74,900

Occupancy floor 77%

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-05-07
   status Pending 173-char remark

   Show marketing remark (172 chars)

   Main house has 2 bedrooms, 1 bath on 3.11 acres. There's a 2nd house with 1 bedroom and 1 bath. There is also a metal shop. Freddie Mac's First Look period expires 4-15-26.

2. 2026-05-07
   status Pending 172-char remark

   Show marketing remark (172 chars)

   Main house has 2 bedrooms, 1 bath on 3.11 acres. There's a 2nd house with 1 bedroom and 1 bath. There is also a metal shop. Freddie Mac's First Look period expires 4-15-26.

3. 2026-03-16
   listed $74,900 Active 173-char remark

   Show marketing remark (172 chars)

   Main house has 2 bedrooms, 1 bath on 3.11 acres. There's a 2nd house with 1 bedroom and 1 bath. There is also a metal shop. Freddie Mac's First Look period expires 4-15-26.

4. 2026-03-16
   listed $74,900 Active 172-char remark

   Show marketing remark (172 chars)

   Main house has 2 bedrooms, 1 bath on 3.11 acres. There's a 2nd house with 1 bedroom and 1 bath. There is also a metal shop. Freddie Mac's First Look period expires 4-15-26.

5. 2016-09-02
   soldstatus
6. 2012-08-28
   listed $88,750

ⓘ 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: $2,506 · $209/mo
• Projected year-2 tax: $2,506 · $209/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 5/10 Major 7 d/yr ≥99°F today · 23 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,517
• − Mortgage interest: −$4,196
• − Property taxes: −$2,506
• − Insurance: −$374
• − Repairs & maintenance: −$1,001
• − Management: −$1,001
• − Depreciation: −$2,179
• Taxable income: $1,260
• Est. tax owed @ 24.0%: −$302
• After-tax cash flow: $1,993/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.

Condition & rehab AI · 12 photos

Poor 20/100 Extensive rehab

This property requires extensive renovations, including structural repairs, interior finishing, and exterior updates, to become move-in ready and significantly increase its value.

Repairs flagged

• Major Kitchen cabinets — Cabinets are unfinished and need to be installed
• Major Bathroom walls — Walls are bare and need to be finished
• Major Roof — Roof appears to be in need of repair
• Major Exterior siding — Exterior siding is unfinished
• Major Windows — Windows are bare and need to be finished

Value-add opportunities

• Both Paint interior walls and ceiling — Improves appearance and value
• Both Install kitchen cabinets — Enhances functionality and appeal
• Both Replace carpeting with hardwood or tile — Improves appearance and durability
• Both Repair and replace roof — Ensures structural integrity and longevity
• Both Finish exterior siding and windows — Enhances curb appeal and value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Cabinets are unfinished and need to be installed	Major	$15,000–50,000
Bathroom walls · Walls are bare and need to be finished	Major	$15,000–50,000
Roof · Roof appears to be in need of repair	Major	$15,000–50,000
Exterior siding · Exterior siding is unfinished	Major	$15,000–50,000
Windows · Windows are bare and need to be finished	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Both Paint interior walls and ceiling — Improves appearance and value ↑
• Both Install kitchen cabinets — Enhances functionality and appeal ↑
• Both Replace carpeting with hardwood or tile — Improves appearance and durability ↑
• Both Repair and replace roof — Ensures structural integrity and longevity ↑
• Both Finish exterior siding and windows — Enhances curb appeal and value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Plainview ISD
• NCES district ID: 4835070
• Math proficiency: 41% ▼ -3.00%
• Reading proficiency: 37% ▲ 1.00%
• Median HH income: $41,146
• Composite: 32.85/100
• National rank: #5615
• State rank: #445 of 826 in TX

Livability — Plainview

• Score: 69/100
• State rank: #393
• US rank: #8233

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Hale County · 25,389 people
• City population: 25,389
• Metro: Plainview, TX
• Population (ZIP): 25,389
• Household income: $47,255
• Rent vs Own: 43.6% rent · 56.4% own
• Severe rent burden: 1015.0

Population outlook (Hale County) Hauer SSP2

• Today (2025): 30,851 people
• By 2030: 29,158 · -5.5%
• By 2040: 25,681 · -16.8%
• By 2050: 22,420 · -27.3%
• By 2075: 15,857 · -48.6%
• By 2100: 10,500 · -66.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (63%)
• Race & ethnicity: Hispanic / Latino 63% White 29% Two or more races 19% Black 4% Native American 2%
• Hispanic origin (detail): Mexican 52%
• Common ancestry: Italian 1% Russian 1% Lithuanian 1%
• Foreign-born: 11% · Canada, Jamaica
• Languages at home: 63% English-only · Spanish 36%

Political lean MEDSL · Hale

• 2024 margin: Solid R (+58.0) · D 20.5% · R 78.5%
• 2008→2024 swing: -13.1pp toward R · 2008: -44.9pp · 2024: -58.0pp
• All cycles: 2024: R+58.0 2020: R+51.1 2016: R+48.4 2012: R+47.8 2008: R+44.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -120.38%
• Current HPI: 127.9276
• Rent YoY: —
• Metro: Plainview, 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

-15.6% since first listed

6 events — show timeline

• 2026-05-07 Pending — LARMLS
• 2026-05-07 Pending — NTREIS
• 2026-03-16 Listed $74,900 LARMLS
• 2026-03-16 Listed $74,900 NTREIS
• 2016-09-02 Sold (MLS) — PARMLS
• 2012-08-28 Listed $88,750 PARMLS

Property tax history

-3.1%/yr

Latest (2025): $2,506 · -3.1% YoY. Source: county tax records.