341 W 6th St · Colorado City, TX 79512

$39,900

2 bd · 1.0 ba · 1,120 sqft · SingleFamily public records · 53 Days on market

Built 1940 3,502 sqft lot $36/sqft · 7% below area Est $43k · 7% under

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +10.7/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +7.2/10.0
• Livability +3.5/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

THIS IS AN INVESTORS DELIGHT, NOT A WHOLE LOT TO DO, MAYBE SOME PAINT, NAILS, AND A HAMMER. OWNER FINANCING AVAILABLE WITH $4000 DOWN, 10%INT, MONTHLY PAYMENT ABOUT $350. LET THIS BE YOUR EASY FIX AND FLIP!

Key facts

• 3,502 sq ft lot
• Parking
• Built 1940

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $526 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $39k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 70/100 on livability (#355 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: schools C-, health & safety C-, amenities F.
• Colorado ISD (town): math 37% / reading 34% proficiency, ranked #508 of 826 in TX (top 62%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 84 active listings in the ZIP.

Forward outlook

• In year one you build about $2k of equity ($276 loan paydown + $2k appreciation (4.4% local appreciation)).
• Mitchell County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (4.4% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 53 days — a 3% lower offer ($39k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 2.9% of price; built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $38,703 (3.0% below list)

Questions for the listing agent

1. It's been on market 53 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 2.69% ✓
• Cap rate: 22.12%
• Cash-on-cash: 56.52%
• DSCR: 3.52
• GRM: 3.1

CMA / ARV

• ARV (median comp): $42,942
• List price: $39,900
• Delta: -7.08%
• Verdict: FAIR
• Comps: 4 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
603 Pine St	0.05mi	2/1.0	1,036 (-8%)	14mo	$36,550	$35	74

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

Projected returns pro-forma

4.37% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 63.0%
• Equity multiple: 4.70×
• Total profit: $41,340
• Equity at exit: $21,103

10-year hold

• IRR: 61.4%
• Equity multiple: 9.67×
• Total profit: $96,808
• Equity at exit: $35,231

Cash invested: $11,172 (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 79512

• Home prices YoY: 4.6%
• Active inventory: 84
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,074 medium
• Mortgage (P&I): −$209
• Tax from tax record: −$96 /mo · $1,152/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$225
• Net cashflow: $526

Break-even live

Break-even rent $407

Max offer price $39,900

Occupancy floor 46%

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: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $39,900 Active 53 DOM
2. 2026-06-17
   days on market $39,900 Active 52 DOM
3. 2026-06-16
   days on market $39,900 Active 51 DOM
4. 2026-06-15
   days on market $39,900 Active 50 DOM
5. 2026-06-13
   days on market $39,900 Active 48 DOM
6. 2026-06-12
   days on market $39,900 Active 47 DOM
7. 2026-06-09
   days on market $39,900 Active 44 DOM
8. 2026-06-08
   days on market $39,900 Active 43 DOM
9. 2026-06-08
   days on market $39,900 Active 42 DOM
10. 2026-06-05
    days on market $39,900 Active 40 DOM
11. 2026-06-03
    days on market $39,900 Active 38 DOM
12. 2026-06-02
    days on market $39,900 Active 37 DOM
13. 2026-06-01
    days on market $39,900 Active 36 DOM
14. 2026-05-31
    days on market $39,900 Active 35 DOM
15. 2026-05-06
    status Active 207-char remark

    Show marketing remark (207 chars)

    THIS IS AN INVESTORS DELIGHT, NOT A WHOLE LOT TO DO, MAYBE SOME PAINT, NAILS, AND A HAMMER. OWNER FINANCING AVAILABLE WITH $4000 DOWN, 10%INT, MONTHLY PAYMENT ABOUT $350. LET THIS BE YOUR EASY FIX AND FLIP!

16. 2026-05-02
    status Pending 207-char remark

    Show marketing remark (207 chars)

    THIS IS AN INVESTORS DELIGHT, NOT A WHOLE LOT TO DO, MAYBE SOME PAINT, NAILS, AND A HAMMER. OWNER FINANCING AVAILABLE WITH $4000 DOWN, 10%INT, MONTHLY PAYMENT ABOUT $350. LET THIS BE YOUR EASY FIX AND FLIP!

17. 2026-04-22
    listed $39,900 Active 207-char remark

    Show marketing remark (207 chars)

    THIS IS AN INVESTORS DELIGHT, NOT A WHOLE LOT TO DO, MAYBE SOME PAINT, NAILS, AND A HAMMER. OWNER FINANCING AVAILABLE WITH $4000 DOWN, 10%INT, MONTHLY PAYMENT ABOUT $350. LET THIS BE YOUR EASY FIX AND FLIP!

18. 2012-10-18
    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: $1,152 · $96/mo
• Projected year-2 tax: $1,152 · $96/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 · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥104°F today · 22 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% 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: $12,882
• − Mortgage interest: −$2,235
• − Property taxes: −$1,152
• − Insurance: −$200
• − Repairs & maintenance: −$1,031
• − Management: −$1,031
• − Depreciation: −$1,161
• Taxable income: $6,074
• Est. tax owed @ 24.0%: −$1,458
• After-tax cash flow: $4,857/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: Colorado ISD
• NCES district ID: 4814640
• Math proficiency: 37% ▼ -8.00%
• Reading proficiency: 34% ▼ -4.00%
• Median HH income: $46,054
• Composite: 30.41/100
• National rank: #6249
• State rank: #508 of 826 in TX

Livability — Colorado City

• Score: 70/100
• State rank: #355
• US rank: #7722

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Colorado City, TX
• Population (ZIP): 7,672

Population outlook (Mitchell County) Hauer SSP2

• Today (2025): 8,476 people
• By 2030: 8,723 · +2.9%
• By 2040: 9,046 · +6.7%
• By 2050: 9,200 · +8.5%
• By 2075: 8,936 · +5.4%
• By 2100: 7,978 · -5.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 47% Hispanic / Latino 37% Two or more races 20% Black 6% Asian 2%
• Hispanic origin (detail): Mexican 34%
• Common ancestry: Serbian 2% Lithuanian 1% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 80% English-only · Spanish 18% Tagalog/Filipino 1%

Political lean MEDSL · Mitchell

• 2024 margin: Solid R (+71.3) · D 14.0% · R 85.3%
• 2008→2024 swing: -20.8pp toward R · 2008: -50.5pp · 2024: -71.3pp
• All cycles: 2024: R+71.3 2020: R+68.8 2016: R+65.2 2012: R+52.7 2008: R+50.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.37%
• Current HPI: 99.8822
• 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

4 events — show timeline

• 2026-05-06 Relisted — PBBOR
• 2026-05-02 Pending — PBBOR
• 2026-04-22 Listed $39,900 PBBOR
• 2012-10-18 Sold (Public Records) — Public Records

Property tax history

+4.3%/yr

Latest (2025): $1,152 · +0.3% YoY. Source: county tax records.