511 W Hallmark Ave · Killeen, TX 76541

$129,000

4 bd · 4.0 ba · 1,410 sqft · Townhouse public records · 156 Days on market

Built 1967 8,494 sqft lot

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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 +17.6/30.0
• ARV discount +7.5/15.0
• Appreciation +6.1/10.0
• DSCR +5.5/10.0
• 1% rule +5.0/10.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0

Listing remarks MLS

Great investment opportunity in Killeen! This well-maintained duplex at 511 W. Hallmark Ave features two separate units, each offering 2 bedrooms and 1 full bath. Both sides provide comfortable living spaces with functional layouts, perfect for tenants or owner-occupants. The property also includes a fenced-in backyard, ideal for pets, privacy, and outdoor enjoyment. Conveniently located near shopping, dining, schools, and Fort Cavazos, this duplex offers strong rental potential and long-term value.

Key facts

• Fenced in backyard
• Built 1967
• Listed 156 days

Tags

• WELL MAINTAINED DUPLEX
• FENCED IN BACKYARD
• STRONG RENTAL POTENTIAL

What this means for you Summary

Snapshot

• This is a 4-bed/4.0-bath townhouse listed at $129k.

Deal economics

• At list price, monthly cash flow is $101 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $129k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.2% vs local median 3.9% in Killeen — 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 63/100 on livability (#853 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, amenities D, employment D.
• Killeen ISD (urban): math 31% / reading 38% proficiency, ranked #524 of 826 in TX (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-2.0%/yr); 123 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 3,222 units permitted in Bell County in 2024 (246 in 5+ unit buildings).
• This rent runs 42% of the median local income ($37k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $4k of equity ($892 loan paydown + $3k appreciation (2.3% local appreciation)).
• Bell County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (2.3% appreciation + 0.0% rent growth), your $36k cash investment doubles in ~7 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 156 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 18y ago; this cycle's ask has dropped $30k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $51k; list at $129k implies a 153% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 60% 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 $113,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 156 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 1967 — 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 D-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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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.
8. 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.
9. 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: 7.23%
• Cash-on-cash: 3.36%
• DSCR: 1.15
• GRM: 8.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.26% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 6.8%
• Equity multiple: 1.37×
• Total profit: $13,256
• Equity at exit: $52,715

10-year hold

• IRR: 8.4%
• Equity multiple: 2.11×
• Total profit: $40,166
• Equity at exit: $77,345

Cash invested: $36,120 (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 76541

• Home prices YoY: 1.4%
• Rents YoY: -2.0%
• Active inventory: 123
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,292 high
• Mortgage (P&I): −$676
• Tax from tax record: −$189 /mo · $2,270/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $101

Break-even live

Break-even rent $1,164

Max offer price $129,000

Occupancy floor 87%

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
605 Stringer St Unit A Killeen, TX	3.0	2.5	1334	$1,500	$1.12	43d	1	0.03mi
512 Raymond St Killeen, TX	3.0	2.5	1336	$1,300	$0.97	43d	1	0.06mi
512 Raymond St Unit B Killeen, TX	3.0	2.5	1336	$1,300	$0.97	23d	1	0.06mi
909 Houston St Killeen, TX	3.0	2.0	1200	$1,195	$1.00	43d	1	0.27mi
409 Short Ave Killeen, TX	4.0	2.0	1220	$1,300	$1.07	43d	1	0.27mi
907 San Antonio St Killeen, TX	3.0	1.5	1303	$1,195	$0.92	43d	1	0.29mi
1003 San Antonio St Killeen, TX	4.0	1.0	1452	$1,095	$0.75	43d	1	0.31mi
910 San Antonio St Killeen, TX	3.0	1.0	1208	$995	$0.82	43d	1	0.32mi
919 Southside Dr Killeen, TX	3.0	1.0	925	$1,300	$1.41	43d	1	0.37mi
1004 Mary Jane Cir Killeen, TX	3.0	2.0	1628	$1,550	$0.95	23d	1	0.39mi
717 Norris Ave Killeen, TX	3.0	1.0	1118	$1,000	$0.89	43d	1	0.50mi
205 W Vardeman Ave Unit A Killeen, TX	3.0	1.0	1824	$925	$0.51	43d	1	0.53mi
1313 Elia St Killeen, TX	3.0	1.5	1104	$1,050	$0.95	43d	1	0.56mi
118 E Fowler Ave Killeen, TX	3.0	1.0	902	$875	$0.97	43d	1	0.64mi
208 E Voelter Ave Killeen, TX	3.0	2.0	1215	$995	$0.82	23d	1	0.67mi
514 McArthur Dr Killeen, TX	3.0	1.0	1084	$995	$0.92	43d	1	0.71mi
209 West Avenue A Unit A Killeen, TX	3.0	2.0	876	$935	$1.07	13d	1	0.78mi
505 W Church Ave Killeen, TX	3.0	1.0	1160	$1,100	$0.95	13d	1	0.80mi
1417 Jasper Garden Ct Killeen, TX	3.0	2.0	1477	$1,675	$1.13	43d	1	0.92mi
907 Wells St Killeen, TX	3.0	1.0	1050	$950	$0.90	23d	1	0.95mi
1105 Alta Vista Dr Killeen, TX	3.0	1.5	1168	$1,500	$1.28	23d	1	0.98mi
905 N Gilmer St Killeen, TX	1.0–3.0	1.0–2.0	925	$1,395	$1.51	13d	5	0.98mi
724 Carrie Ave Killeen, TX	3.0	1.0	1100	$1,000	$0.91	43d	1	1.02mi
913 Estelle Ave Killeen, TX	4.0	2.0	1292	$1,445	$1.12	13d	1	1.02mi
1111 N College St Unit B Killeen, TX	3.0	2.0	1235	$995	$0.81	13d	1	1.05mi
1208 Ridgemont Dr Killeen, TX	3.0	1.0	1224	$1,150	$0.94	23d	1	1.08mi
1214 Valentine St Killeen, TX	3.0	1.0	1090	$1,025	$0.94	23d	1	1.08mi
501 N 18th St Unit B Killeen, TX	3.0	1.5	1286	$1,250	$0.97	23d	1	1.09mi
506 Powell St Killeen, TX	3.0	1.0	1546	$1,400	$0.91	43d	1	1.09mi
1204 Alta Vista Dr Killeen, TX	4.0	2.0	1624	$1,450	$0.89	43d	1	1.10mi
1302 Redondo Dr Killeen, TX	3.0	1.0	1327	$1,200	$0.90	43d	1	1.11mi
1108 Ridgeway Dr Killeen, TX	3.0	2.0	1295	$1,345	$1.04	23d	1	1.13mi
1209 West Ln Killeen, TX	3.0	2.0	1100	$1,300	$1.18	43d	1	1.15mi
905 Parmer Ave Unit A Killeen, TX	3.0	1.0	1672	$750	$0.45	43d	1	1.16mi
1201 Greenwood Ave Killeen, TX	4.0	2.0	1276	$1,350	$1.06	43d	1	1.19mi
2301 Zinnia Ct Killeen, TX	4.0	2.0	1746	$1,650	$0.95	43d	1	1.20mi
1005 Bonner Dr Killeen, TX	3.0	2.0	1347	$1,300	$0.97	43d	1	1.23mi
1306 Duvall Dr Killeen, TX	3.0	1.0	1000	$1,025	$1.02	43d	1	1.23mi
1015 N 10th St Unit B Killeen, TX	3.0	2.0	1118	$1,100	$0.98	43d	1	1.25mi
1309 Greenwood Ave Killeen, TX	3.0	1.0	925	$900	$0.97	21d	1	1.25mi

Listing history 36 events

1. 2026-06-18
   days on market $129,000 Active 156 DOM
2. 2026-06-17
   days on market $129,000 Active 155 DOM
3. 2026-06-16
   days on market $129,000 Active 154 DOM
4. 2026-06-15
   days on market $129,000 Active 153 DOM
5. 2026-06-14
   days on market $129,000 Active 151 DOM
6. 2026-06-13
   days on market $129,000 Active 150 DOM
7. 2026-06-10
   days on market $129,000 Active 148 DOM
8. 2026-06-09
   days on market $129,000 Active 147 DOM
9. 2026-06-08
   pricedays on market $129,000 Active 146 DOM
10. 2026-06-07
    days on market $149,000 Active 145 DOM
11. 2026-06-03
    days on market $149,000 Active 141 DOM
12. 2026-06-02
    days on market $149,000 Active 140 DOM
13. 2026-06-01
    days on market $149,000 Active 139 DOM
14. 2026-05-31
    days on market $149,000 Active 138 DOM
15. 2026-05-30
    days on market $149,000 Active 137 DOM
16. 2026-05-14
    status Active 504-char remark

    Show marketing remark (504 chars)

    Great investment opportunity in Killeen! This well-maintained duplex at 511 W. Hallmark Ave features two separate units, each offering 2 bedrooms and 1 full bath. Both sides provide comfortable living spaces with functional layouts, perfect for tenants or owner-occupants. The property also includes a fenced-in backyard, ideal for pets, privacy, and outdoor enjoyment. Conveniently located near shopping, dining, schools, and Fort Cavazos, this duplex offers strong rental potential and long-term value.

17. 2026-04-22
    historical Active Under Contract 504-char remark

    Show marketing remark (504 chars)

    Great investment opportunity in Killeen! This well-maintained duplex at 511 W. Hallmark Ave features two separate units, each offering 2 bedrooms and 1 full bath. Both sides provide comfortable living spaces with functional layouts, perfect for tenants or owner-occupants. The property also includes a fenced-in backyard, ideal for pets, privacy, and outdoor enjoyment. Conveniently located near shopping, dining, schools, and Fort Cavazos, this duplex offers strong rental potential and long-term value.

18. 2026-02-11
    price $149,000 504-char remark

    Show marketing remark (504 chars)

    Great investment opportunity in Killeen! This well-maintained duplex at 511 W. Hallmark Ave features two separate units, each offering 2 bedrooms and 1 full bath. Both sides provide comfortable living spaces with functional layouts, perfect for tenants or owner-occupants. The property also includes a fenced-in backyard, ideal for pets, privacy, and outdoor enjoyment. Conveniently located near shopping, dining, schools, and Fort Cavazos, this duplex offers strong rental potential and long-term value.

19. 2026-01-13
    listed $159,000 Active 504-char remark

    Show marketing remark (504 chars)

    Great investment opportunity in Killeen! This well-maintained duplex at 511 W. Hallmark Ave features two separate units, each offering 2 bedrooms and 1 full bath. Both sides provide comfortable living spaces with functional layouts, perfect for tenants or owner-occupants. The property also includes a fenced-in backyard, ideal for pets, privacy, and outdoor enjoyment. Conveniently located near shopping, dining, schools, and Fort Cavazos, this duplex offers strong rental potential and long-term value.

20. 2025-10-24
    historical $750
21. 2025-09-10
    price $750
22. 2025-08-14
    price $800
23. 2025-05-28
    price $850
24. 2025-04-17
    listed $950
25. 2023-05-08
    status Pending
26. 2023-04-22
    listed $125,000 Active
27. 2018-05-15
    historical
28. 2018-05-14
    status Active
29. 2018-05-03
    status Pending with Option
30. 2018-04-25
    listed $55,000 Active
31. 2015-07-23
    soldstatus
32. 2009-07-07
    soldstatus
33. 2009-06-30
    soldstatus $51,000
34. 2008-09-30
    listed $50,000
35. 2000-05-11
    soldstatus
36. 1992-02-18
    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: $2,270 · $189/mo
• Projected year-2 tax: $2,361 · $197/mo
• Expected delta: +$90/yr (+$8/mo · 4.0%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 60% 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: $15,501
• − Mortgage interest: −$7,226
• − Property taxes: −$2,270
• − Insurance: −$645
• − Repairs & maintenance: −$1,240
• − Management: −$1,240
• − Depreciation: −$3,753
• Taxable loss: −$873
• Est. tax savings @ 24.0%: +$210
• After-tax cash flow: $1,422/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: Killeen ISD
• NCES district ID: 4825660
• Math proficiency: 31% ▼ -16.00%
• Reading proficiency: 38% ▼ -3.00%
• Median HH income: $47,665
• Composite: 29.69/100
• National rank: #6458
• State rank: #524 of 826 in TX

Livability — Killeen

• Score: 63/100
• State rank: #853
• US rank: #15359

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Killeen, TX
• County: Bell County · 345,090 people
• City population: 163,398
• Metro: Killeen-Temple, TX
• Population (ZIP): 19,011
• Household income: $37,349
• Rent vs Own: 76.4% rent · 23.6% own
• Severe rent burden: 1668.0

Population outlook (Bell County) Hauer SSP2

• Today (2025): 371,114 people
• By 2030: 389,104 · +4.8%
• By 2040: 420,592 · +13.3%
• By 2050: 447,779 · +20.7%
• By 2075: 499,130 · +34.5%
• By 2100: 505,680 · +36.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: Hispanic / Latino 32% White 31% Black 27% Two or more races 10% Asian 3% Pacific Islander 1%
• Hispanic origin (detail): Mexican 21% Puerto Rican 6% Dominican 1%
• Common ancestry: Italian 2% Slovak 1% Lithuanian 1%
• Foreign-born: 14% · Canada, Vietnam, South Korea
• Languages at home: 69% English-only · Spanish 25% German/W. Germanic 2% Korean 1%

Political lean MEDSL · Bell

• 2024 margin: R (+16.2) · D 41.3% · R 57.6% · Other 1.1%
• 2008→2024 swing: -6.5pp toward R · 2008: -9.8pp · 2024: -16.2pp
• All cycles: 2024: R+16.2 2020: R+8.5 2016: R+15.1 2012: R+16.4 2008: R+9.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.26%
• Current HPI: 168.1206
• Rent YoY: ▼ -2.00%
• Metro: Killeen-Temple, 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

+198.0% since first listed

21 events — show timeline

• 2026-05-14 Relisted — CTXMLS
• 2026-04-22 Contingent — CTXMLS
• 2026-02-11 Price Changed $149,000 CTXMLS
• 2026-01-13 Listed $159,000 CTXMLS
• 2025-10-24 Rental Removed $750 APPFOLIO
• 2025-09-10 Price Changed $750 APPFOLIO
• 2025-08-14 Price Changed $800 APPFOLIO
• 2025-05-28 Price Changed $850 APPFOLIO
• 2025-04-17 Listed for Rent $950 APPFOLIO
• 2023-05-08 Pending — CTXMLS
• 2023-04-22 Listed $125,000 CTXMLS
• 2018-05-15 Listing Removed — CTXMLS
• 2018-05-14 Relisted — CTXMLS
• 2018-05-03 Pending — CTXMLS
• 2018-04-25 Listed $55,000 CTXMLS
• 2015-07-23 Sold (Public Records) — Public Records
• 2009-07-07 Sold (Public Records) — Public Records
• 2009-06-30 Sold (MLS) $51,000 CTXMLS
• 2008-09-30 Listed $50,000 CTXMLS
• 2000-05-11 Sold (Public Records) — Public Records
• 1992-02-18 Sold (Public Records) — Public Records

Property tax history

+20.6%/yr

Latest (2025): $2,270 · +4.6% YoY. Source: county tax records.