187 Alan St · Texarkana, TX 75501

$120,000

3 bd · 2.0 ba · 1,218 sqft · SingleFamily public records · 84 Days on market

Built 1950 1.00 ac lot $99/sqft · 27% below area Est $164k · 27% 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 +22.3/30.0
• ARV discount +15.0/15.0
• DSCR +7.2/10.0
• 1% rule +5.5/10.0
• Livability +3.9/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tenant in place, rent flowing, and sitting on a full acre in the Liberty-Eylau area — this is the rare asset that gives you space, privacy, and immediate income all at once. This 3-bed, 2-bath ranch-style home on 1 acre of mature tree-lined land is a quiet country-style retreat just minutes from everything Texarkana has for you. Tile flooring throughout, spacious light-filled living area, ceiling fans, well-sized bedrooms, functional kitchen with ample cabinetry and counter space, private yard, and an oversized attached garage — comfortable, low-maintenance living with room to breathe. FOR HOMEOWNERS A full acre of land, mature trees, an oversized garage, and a quiet country feel — all within the Liberty-Eylau ISD and minutes from Texarkana's shopping, dining, schools, and major highways. This is the kind of space and privacy that's nearly impossible to find at this value. Note: property is currently tenant occupied. Per the existing lease terms, the new owner has the right to continue or terminate the tenancy upon acquisition. FOR INVESTORS Tenant already in place with no make-ready work needed. One full acre in Liberty-Eylau draws stable, long-term tenants who value space and privacy — the kind that renew and maintain the property. Land that holds its value over time. Per the existing lease terms, the new owner may continue or terminate the tenancy at acquisition. Part of a 20-property SFR portfolio across Texarkana and Nash. Options range from 3-bed homes to premium properties. Buy one or add multiple. Property details available upon request.

Key facts

• Ranch style home
• Spacious lot
• Vinyl siding

Tags

• RANCH STYLE HOME
• SPACIOUS LOT
• MATURE TREES
• VINYL SIDING
• DECORATIVE SHUTTERS
• WOOD PANELED WALLS

🏷️ Possibly a rental listed for sale. The $120,000 price doesn't fit this home's estimated sale value (~$163,700) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $198 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $113k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 4.3% in Texarkana — 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 77/100 on livability (#93 in TX, #3,241 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities D+, schools D, crime D.
• Liberty-Eylau ISD (urban): math 19% / reading 23% proficiency, ranked #772 of 826 in TX (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+1.6%/yr); 320 active listings in the ZIP; 137 units permitted in Bowie County in 2024 (5 in 5+ unit buildings).
• This rent runs 33% of the median local income ($46k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $830 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 84 days — a 6% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 26% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $112,800 (6.0% below list)

Questions for the listing agent

1. It's been on market 84 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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: 1.05% ✓
• Cap rate: 8.28%
• Cash-on-cash: 7.09%
• DSCR: 1.32
• GRM: 7.9

CMA / ARV

• ARV (median comp): $163,700
• List price: $120,000
• Delta: -26.70%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.63% rent growth · sell at horizon

5-year hold

• IRR: -6.9%
• Equity multiple: 0.75×
• Total profit: $-8,518
• Equity at exit: $17,892

10-year hold

• IRR: 0.9%
• Equity multiple: 1.06×
• Total profit: $2,022
• Equity at exit: $10,375

Cash invested: $33,600 (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 75501

• Home prices YoY: -34.9%
• Rents YoY: 1.6%
• Active inventory: 320
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,258 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$116 /mo · $1,394/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$264
• Net cashflow: $198

Break-even live

Break-even rent $1,007

Max offer price $120,000

Occupancy floor 79%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-19
   days on market $120,000 Active 84 DOM
2. 2026-06-18
   days on market $120,000 Active 83 DOM
3. 2026-06-17
   pricedays on market $120,000 Active 82 DOM
4. 2026-06-16
   days on market $129,000 Active 81 DOM
5. 2026-06-15
   days on market $129,000 Active 80 DOM
6. 2026-06-14
   days on market $129,000 Active 78 DOM
7. 2026-06-13
   days on market $129,000 Active 77 DOM
8. 2026-06-10
   days on market $129,000 Active 75 DOM
9. 2026-06-09
   days on market $129,000 Active 74 DOM
10. 2026-06-08
    days on market $129,000 Active 73 DOM
11. 2026-06-07
    days on market $129,000 Active 72 DOM
12. 2026-06-02
    days on market $129,000 Active 67 DOM
13. 2026-06-01
    days on market $129,000 Active 66 DOM
14. 2026-05-31
    days on market $129,000 Active 65 DOM
15. 2026-05-30
    days on market $129,000 Active 64 DOM
16. 2026-03-27
    listed $140,000 Active 1609-char remark

    Show marketing remark (1609 chars)

    Tenant in place, rent flowing, and sitting on a full acre in the Liberty-Eylau area — this is the rare asset that gives you space, privacy, and immediate income all at once. This 3-bed, 2-bath ranch-style home on 1 acre of mature tree-lined land is a quiet country-style retreat just minutes from everything Texarkana has for you. Tile flooring throughout, spacious light-filled living area, ceiling fans, well-sized bedrooms, functional kitchen with ample cabinetry and counter space, private yard, and an oversized attached garage — comfortable, low-maintenance living with room to breathe. FOR HOMEOWNERS A full acre of land, mature trees, an oversized garage, and a quiet country feel — all within the Liberty-Eylau ISD and minutes from Texarkana's shopping, dining, schools, and major highways. This is the kind of space and privacy that's nearly impossible to find at this value. Note: property is currently tenant occupied. Per the existing lease terms, the new owner has the right to continue or terminate the tenancy upon acquisition. FOR INVESTORS Tenant already in place with no make-ready work needed. One full acre in Liberty-Eylau draws stable, long-term tenants who value space and privacy — the kind that renew and maintain the property. Land that holds its value over time. Per the existing lease terms, the new owner may continue or terminate the tenancy at acquisition. Part of a 20-property SFR portfolio across Texarkana and Nash. Options range from 3-bed homes to premium properties. Buy one or add multiple. Property details available upon request.

17. 2026-03-12
    historical $1,100
18. 2026-02-26
    listed $1,100
19. 2025-07-23
    soldstatus
20. 2000-02-25
    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: $1,394 · $116/mo
• Projected year-2 tax: $2,196 · $183/mo
• Expected delta: +$802/yr (+$67/mo · 57.6%)

ⓘ 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 7/10 Severe 7 d/yr ≥112°F today · 22 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,097
• − Mortgage interest: −$6,722
• − Property taxes: −$1,394
• − Insurance: −$600
• − Repairs & maintenance: −$1,208
• − Management: −$1,208
• − Depreciation: −$3,491
• Taxable income: $475
• Est. tax owed @ 24.0%: −$114
• After-tax cash flow: $2,268/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: Liberty-Eylau ISD
• NCES district ID: 4827390
• Math proficiency: 19% ▼ -11.00%
• Reading proficiency: 23% ▼ -8.00%
• Median HH income: $38,285
• Composite: 17.61/100
• National rank: #9037
• State rank: #772 of 826 in TX

Livability — Texarkana

• Score: 77/100
• State rank: #93
• US rank: #3241

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Bowie County · 61,238 people
• City population: 61,238
• Metro: Texarkana, TX-AR
• Population (ZIP): 34,866
• Household income: $45,995
• Rent vs Own: 42.9% rent · 57.1% own
• Severe rent burden: 1289.0

Population outlook (Bowie County) Hauer SSP2

• Today (2025): 94,699 people
• By 2030: 94,824 · +0.1%
• By 2040: 94,870 · +0.2%
• By 2050: 93,686 · -1.1%
• By 2075: 90,082 · -4.9%
• By 2100: 76,579 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 54% Black 33% Hispanic / Latino 9% Two or more races 5%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Italian 1% Lithuanian 1% Portuguese 1%
• Foreign-born: 5% · Canada
• Languages at home: 92% English-only · Spanish 6% Other Indo-European 1%

Political lean MEDSL · Bowie

• 2024 margin: Solid R (+48.7) · D 25.3% · R 74.0%
• 2008→2024 swing: -10.8pp toward R · 2008: -37.9pp · 2024: -48.7pp
• All cycles: 2024: R+48.7 2020: R+42.8 2016: R+46.6 2012: R+41.5 2008: R+37.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -79.14%
• Current HPI: 147.9402
• Rent YoY: ▲ 1.63%
• Metro: Texarkana, TX-AR
• 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

+12627.3% since first listed

5 events — show timeline

• 2026-03-27 Listed $140,000 NTREIS
• 2026-03-12 Rental Removed $1,100 Avail
• 2026-02-26 Listed for Rent $1,100 Avail
• 2025-07-23 Sold (Public Records) — Public Records
• 2000-02-25 Sold (Public Records) — Public Records

Property tax history

+1.4%/yr

Latest (2025): $1,394 · +9.9% YoY. Source: county tax records.