1203 E Avenue G · Killeen, TX 76541

$80,000

2 bd · 1.0 ba · 856 sqft · SingleFamily public records · 119 Days on market

Built 1970 6,769 sqft lot $93/sqft · 31% below area Est $116k · 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 +15.1/30.0
• ARV discount +15.0/15.0
• Appreciation +6.1/10.0
• 1% rule +5.4/10.0
• DSCR +4.6/10.0
• 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

Welcome to this charming bungalow-style home offering comfort, character, and investment potential all in one delightful package. With approximately 856 square feet of thoughtfully designed living space, this cozy two-bedroom, one-bath residence blends classic appeal with practical functionality. Outside, you’ll find a huge yard with chain link fencing out back—perfect for pets, gardening, entertaining, or simply enjoying the outdoors. Even better, this property is currently leased and producing income, making it an excellent opportunity for investors seeking immediate cash flow. Whether you're expanding your portfolio or looking for a charming home with built-in returns, this bungalow is a smart and appealing choice. Can also be purchased with a similar property next door as a package.

Key facts

• Huge yard
• Chain link fencing
• Bungalow style

Tags

• BUNGALOW STYLE
• HUGE YARD
• CHAIN LINK FENCING
• PRODUCING INCOME

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $27 ($324/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($835 rent vs $80k).
• Recommended offer: $73k (9.0% below list) — sets the bar for market timing.
• Cap rate 6.7% 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 at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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).

Forward outlook

• In year one you build about $2k of equity ($553 loan paydown + $2k 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 $22k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 119 days — a 9% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 23y ago; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $24k; list at $80k implies a 237% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price.
• Climate carrying-cost: major wind risk, 61% 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 $72,800 (9.0% below list)

Questions for the listing agent

1. It's been on market 119 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 6.70%
• Cash-on-cash: 1.45%
• DSCR: 1.06
• GRM: 8.0

CMA / ARV

• ARV (median comp): $115,815
• List price: $80,000
• Delta: -30.92%
• Verdict: UNDERPRICED
• Comps: 19 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 4.9%
• Equity multiple: 1.26×
• Total profit: $5,890
• Equity at exit: $32,691

10-year hold

• IRR: 6.7%
• Equity multiple: 1.88×
• Total profit: $19,730
• Equity at exit: $47,966

Cash invested: $22,400 (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 76541

• Home prices YoY: 1.4%
• Rents YoY: -2.0%
• Active inventory: 123
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $835 high
• Mortgage (P&I): −$420
• Tax from tax record: −$180 /mo · $2,158/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$175
• Net cashflow: $27

Break-even live

Break-even rent $801

Max offer price $80,000

Occupancy floor 92%

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1104 E Avenue E Killeen, TX	2.0	1.0	736	$800	$1.09	43d	1	0.11mi
1309 Greenwood Ave Killeen, TX	3.0	1.0	925	$900	$0.97	21d	1	0.17mi
308 N 22nd St Killeen, TX	1.0	1.0	530	$670	$1.26	13d	6	0.18mi
308 N 18th St Killeen, TX	1.0	1.0	600	$595	$0.99	43d	1	0.24mi
307 N 14th St Killeen, TX	1.0	1.0	565	$625	$1.11	23d	3	0.35mi
508 Patton Dr Killeen, TX	3.0	1.5	924	$1,150	$1.24	23d	1	0.37mi
603 Sutton Dr Unit 605 Sutton Killeen, TX	1.0	1.0	596	$550	$0.92	43d	1	0.37mi
905 Parmer Ave Unit B Killeen, TX	3.0	1.0	836	$850	$1.02	13d	1	0.39mi
608 N 18th St Unit B Killeen, TX	3.0	1.0	838	$915	$1.09	13d	1	0.40mi
403 N 12th St Killeen, TX	1.0	1.0	600	$575	$0.96	43d	1	0.41mi
1302 Harris Ave Killeen, TX	1.0	1.0	550	$575	$1.05	13d	2	0.43mi
509 N 14th St Killeen, TX	1.0	1.0	568	$600	$1.06	43d	1	0.43mi
509 N 14th St Unit 8 Killeen, TX	1.0	1.0	568	$585	$1.03	13d	1	0.43mi
414 East Avenue A #200 Killeen, TX	1.0	1.0	700	$595	$0.85	43d	1	0.51mi
414 East Avenue A Unit 106 Killeen, TX	2.0	1.0	800	$705	$0.88	13d	1	0.51mi
724 Carrie Ave Killeen, TX	3.0	1.0	1100	$1,000	$0.91	43d	1	0.51mi
801 S W S Young Dr Killeen, TX	3.0	1.0–2.0	1027	$1,760	$1.71	13d	12	0.55mi
228 Hold St Apt 26 Killeen, TX	2.0	1.0	650	$495	$0.76	13d	1	0.60mi
1108 Stewart St Killeen, TX	3.0	1.0	995	$1,150	$1.16	23d	1	0.65mi
907 Wells St Killeen, TX	3.0	1.0	1050	$950	$0.90	23d	1	0.65mi
909 Wells St Killeen, TX	1.0	1.0	713	$695	$0.97	23d	1	0.65mi
1015 N 14th St Unit 8 Killeen, TX	1.0	1.0	700	$695	$0.99	43d	1	0.67mi
1015 N 14th St Unit 2 Killeen, TX	2.0	1.0	850	$845	$0.99	13d	1	0.67mi
1015 N 14th St Unit 4 Killeen, TX	2.0	1.0	850	$845	$0.99	23d	1	0.67mi
1015 N 14th St Unit 2 Killeen, TX	2.0	1.0	850	$845	$0.99	43d	1	0.67mi
1015 N 14th St Apt 1 Killeen, TX	2.0	1.0	850	$850	$1.00	43d	1	0.67mi
1905 Wood Ave Unit 1907 Killeen, TX	1.0	1.0	605	$650	$1.07	43d	1	0.69mi
1107 Middleton St Killeen, TX	2.0	1.0	792	$950	$1.20	21d	1	0.72mi
1107 Middleton St Unit 1 Killeen, TX	2.0	1.0	792	$950	$1.20	23d	1	0.72mi
1704 Smith Dr Killeen, TX	2.0	1.0	925	$1,000	$1.08	43d	1	0.73mi
602 N 2nd St Unit 1 D Killeen, TX	2.0	1.0	528	$625	$1.18	43d	1	0.75mi
602 N 2nd St Unit 3 B Killeen, TX	2.0	1.0	528	$600	$1.14	21d	1	0.75mi
1015 N 10th St Unit B Killeen, TX	3.0	2.0	1118	$1,100	$0.98	43d	1	0.76mi
201 E Bryce Dr Killeen, TX	1.0–2.0	1.0	620	$1,010	$1.63	43d	9	0.77mi
1015 Wells Cir Unit 38 Killeen, TX	1.0	1.0	528	$600	$1.14	43d	1	0.77mi
1318 N 18th St Unit 5 Killeen, TX	1.0	1.0	600	$575	$0.96	23d	1	0.77mi
1701 Elkins Ave Killeen, TX	3.0	1.0	918	$1,000	$1.09	13d	1	0.80mi
415 E Garrison Ave Unit B Killeen, TX	3.0	1.0	605	$775	$1.28	13d	1	0.80mi
1012 Wells Cir Unit 8 Killeen, TX	1.0	1.0	552	$625	$1.13	21d	1	0.80mi
1104 Duncan Ave Killeen, TX	2.0	1.0	786	$852	$1.08	21d	1	0.81mi

Listing history 23 events

1. 2026-06-18
   days on market $80,000 Active 119 DOM
2. 2026-06-17
   days on market $80,000 Active 118 DOM
3. 2026-06-16
   days on market $80,000 Active 117 DOM
4. 2026-06-15
   days on market $80,000 Active 116 DOM
5. 2026-06-14
   days on market $80,000 Active 114 DOM
6. 2026-06-13
   days on market $80,000 Active 113 DOM
7. 2026-06-10
   days on market $80,000 Active 111 DOM
8. 2026-06-09
   days on market $80,000 Active 110 DOM
9. 2026-06-08
   days on market $80,000 Active 109 DOM
10. 2026-06-07
    days on market $80,000 Active 108 DOM
11. 2026-06-03
    days on market $80,000 Active 104 DOM
12. 2026-06-02
    days on market $80,000 Active 103 DOM
13. 2026-06-01
    days on market $80,000 Active 102 DOM
14. 2026-05-31
    days on market $80,000 Active 101 DOM
15. 2026-05-30
    days on market $80,000 Active 100 DOM
16. 2026-04-10
    price $80,000 809-char remark

    Show marketing remark (809 chars)

    Welcome to this charming bungalow-style home offering comfort, character, and investment potential all in one delightful package. With approximately 856 square feet of thoughtfully designed living space, this cozy two-bedroom, one-bath residence blends classic appeal with practical functionality. Outside, you’ll find a huge yard with chain link fencing out back—perfect for pets, gardening, entertaining, or simply enjoying the outdoors. Even better, this property is currently leased and producing income, making it an excellent opportunity for investors seeking immediate cash flow. Whether you're expanding your portfolio or looking for a charming home with built-in returns, this bungalow is a smart and appealing choice. Can also be purchased with a similar property next door as a package.

17. 2026-02-19
    listed $85,000 Active 809-char remark

    Show marketing remark (809 chars)

    Welcome to this charming bungalow-style home offering comfort, character, and investment potential all in one delightful package. With approximately 856 square feet of thoughtfully designed living space, this cozy two-bedroom, one-bath residence blends classic appeal with practical functionality. Outside, you’ll find a huge yard with chain link fencing out back—perfect for pets, gardening, entertaining, or simply enjoying the outdoors. Even better, this property is currently leased and producing income, making it an excellent opportunity for investors seeking immediate cash flow. Whether you're expanding your portfolio or looking for a charming home with built-in returns, this bungalow is a smart and appealing choice. Can also be purchased with a similar property next door as a package.

18. 2024-12-26
    historical
19. 2024-08-26
    listed $110,000 Active
20. 2024-08-12
    historical
21. 2024-03-27
    listed $95,000 Active
22. 2005-02-18
    soldstatus $23,750
23. 2003-09-08
    listed $27,750

ⓘ 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: $2,158 · $180/mo
• Projected year-2 tax: $2,158 · $180/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 8/10 Severe 7 d/yr ≥107°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 61% 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: $10,022
• − Mortgage interest: −$4,481
• − Property taxes: −$2,158
• − Insurance: −$400
• − Repairs & maintenance: −$802
• − Management: −$802
• − Depreciation: −$2,327
• Taxable loss: −$949
• Est. tax savings @ 24.0%: +$228
• After-tax cash flow: $552/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

+188.3% since first listed

8 events — show timeline

• 2026-04-10 Price Changed $80,000 CTXMLS
• 2026-02-19 Listed $85,000 CTXMLS
• 2024-12-26 Listing Removed — CTXMLS
• 2024-08-26 Listed $110,000 CTXMLS
• 2024-08-12 Listing Removed — CTXMLS
• 2024-03-27 Listed $95,000 CTXMLS
• 2005-02-18 Sold (MLS) $23,750 CTXMLS
• 2003-09-08 Listed $27,750 CTXMLS

Property tax history

+10.4%/yr

Latest (2025): $2,158 · +13.1% YoY. Source: county tax records.