3511 Rock Island St · Copperas Cove, TX 76522

$210,000

4 bd · 2.0 ba · 1,501 sqft · SingleFamily public records · 217 Days on market

Built 2012 7,841 sqft lot $140/sqft · 18% below area Est $256k · 18% under

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Why this score? — see what drove the D- 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).

• ARV discount +15.0/15.0
• Cash flow +6.9/30.0
• Schools +3.8/10.0
• 1% rule +3.3/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• DSCR +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 4-bedroom, 2-bathroom home features rounded wall corners and energy-efficient vinyl tilt sash windows that help maintain comfortable temperatures year-round. Ceiling fans in all bedrooms and the living room provide steady airflow throughout the home. The primary bathroom includes a garden tub with cultured marble surround, double vanities with gooseneck faucets, and two walk-in closets. The kitchen has red oak cabinets and black appliances, including an electric range, built-in microwave, refrigerator, and dishwasher. Move-in ready! Schedule your showing today.

Key facts

• Ceiling fans
• Walk in closets
• Gooseneck faucets

Tags

• CEILING FANS
• GARDEN TUB
• CULTURED MARBLE SURROUND
• DOUBLE VANITIES
• GOOSENECK FAUCETS
• WALK IN CLOSETS

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $-321 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $153k (27.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $175k (16.8% below list).
• Recommended offer: $153k (27.0% below list) — sets the bar for cash-flow.
• Cap rate 4.5% vs local median 3.5% in Copperas Cove — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 65/100 on livability (#706 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D+, amenities F, commute F.
• Lampasas ISD (rural): math 42% / reading 46% proficiency, ranked #278 of 826 in TX (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Taylor Creek El (math 30% / reading 32%, grade F, #2,429 of 4,322 statewide, top 57%, 527 students, 54% FRL); Lampasas Middle (math 45% / reading 47%, grade D+, #462 of 1,662 statewide, top 28%, 800 students, 52% FRL); Lampasas H S (math 36% / reading 55%, grade D-, #634 of 1,632 statewide, top 39%, 1,095 students, 45% FRL).
• Market conditions: Rents soft (-0.2%/yr); 610 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% of comp listings sitting > 30 days — soft ceiling on asking rent; 18 units permitted in Lampasas County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Lampasas County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 217 days — a 12% lower offer ($185k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 15y ago; this cycle's ask has dropped $25k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price.
• Climate carrying-cost: major wind risk, 54% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $153,263 (27.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 217 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.83% ✗
• Cap rate: 4.46%
• Cash-on-cash: -6.55%
• DSCR: 0.71
• GRM: 10.0

CMA / ARV

• ARV (median comp): $256,347
• List price: $210,000
• Delta: -18.08%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3505 Logsdon St	0.07mi	3/2.0 (-1)	1,557 (+4%)	1mo	$158,500	$102	85
3401 Lucas St	0.62mi	4/2.0	1,539 (+2%)	3mo	$223,000	$145	64
2749 Settlement Rd	0.27mi	4/2.0	1,628 (+8%)	21mo	$250,000	$154	56
3508 Lucas St	0.65mi	4/2.0	1,656 (+10%)	6mo	$239,000	$144	48
3408 Lucas St	0.64mi	4/2.0	1,691 (+13%)	23mo	$250,000	$148	30

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

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -31.6%
• Equity multiple: -0.01×
• Total profit: $-59,424
• Equity at exit: $31,312

10-year hold

• IRR: -62.2%
• Equity multiple: -0.65×
• Total profit: $-97,136
• Equity at exit: $18,157

Cash invested: $58,800 (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 76522

• Home prices YoY: -22.4%
• Rents YoY: -0.2%
• Active inventory: 610
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,747 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$512 /mo · $6,147/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$367
• Net cashflow: $-321

Break-even live

Break-even rent $2,153

Max offer price $153,263

Occupancy floor —

Sensitivity live

Price	-10% $-202	-5% $-262	+0% $-321	+5% $-381	+10% $-440
Rent	-10% $-459	-5% $-390	+0% $-321	+5% $-252	+10% $-183
Rate	-1.0pp $-215	-0.5pp $-268	base $-321	+0.5pp $-376	+1.0pp $-431

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3410 Plateau St Copperas Cove, TX	4.0	2.0	1720	$1,795	$1.04	15d	1	0.25mi
2813 Settlement Rd Copperas Cove, TX	4.0	2.0	1536	$1,550	$1.01	15d	1	0.31mi
3507 Jacob St Copperas Cove, TX	4.0	2.0	1794	$1,800	$1.00	45d	1	0.56mi
3404 Jacob St Copperas Cove, TX	4.0	2.0	1977	$1,700	$0.86	45d	1	0.58mi
3517 Settlement Rd Copperas Cove, TX	3.0	2.0	1788	$1,695	$0.95	45d	1	0.58mi
3004 Sundown Ln Copperas Cove, TX	4.0	2.0	1608	$1,895	$1.18	25d	1	0.79mi
507 Skyline Dr Copperas Cove, TX	3.0	2.0	1889	$2,200	$1.16	45d	1	0.80mi
1122 Rhonda Lee St Copperas Cove, TX	3.0	2.0	1349	$1,300	$0.96	25d	1	1.08mi
1217 Craig St Copperas Cove, TX	3.0	2.0	1341	$1,575	$1.17	45d	1	1.17mi

Listing history 18 events

1. 2026-06-10
   days on market $210,000 Active 217 DOM
2. 2026-06-09
   days on market $210,000 Active 216 DOM
3. 2026-06-08
   days on market $210,000 Active 215 DOM
4. 2026-06-07
   days on market $210,000 Active 214 DOM
5. 2026-06-03
   days on market $210,000 Active 210 DOM
6. 2026-06-02
   pricedays on market $210,000 Active 209 DOM
7. 2026-06-01
   days on market $225,000 Active 208 DOM
8. 2026-05-31
   days on market $225,000 Active 207 DOM
9. 2026-05-30
   days on market $225,000 Active 206 DOM
10. 2026-04-03
    price $225,000 578-char remark

    Show marketing remark (572 chars)

    This 4-bedroom, 2-bathroom home features rounded wall corners and energy-efficient vinyl tilt sash windows that help maintain comfortable temperatures year-round. Ceiling fans in all bedrooms and the living room provide steady airflow throughout the home. The primary bathroom includes a garden tub with cultured marble surround, double vanities with gooseneck faucets, and two walk-in closets. The kitchen has red oak cabinets and black appliances, including an electric range, built-in microwave, refrigerator, and dishwasher. Move-in ready! Schedule your showing today.

11. 2026-04-03
    price $225,000 572-char remark

    Show marketing remark (572 chars)

    This 4-bedroom, 2-bathroom home features rounded wall corners and energy-efficient vinyl tilt sash windows that help maintain comfortable temperatures year-round. Ceiling fans in all bedrooms and the living room provide steady airflow throughout the home. The primary bathroom includes a garden tub with cultured marble surround, double vanities with gooseneck faucets, and two walk-in closets. The kitchen has red oak cabinets and black appliances, including an electric range, built-in microwave, refrigerator, and dishwasher. Move-in ready! Schedule your showing today.

12. 2026-03-26
    listed $235,000 Active 572-char remark

    Show marketing remark (572 chars)

    This 4-bedroom, 2-bathroom home features rounded wall corners and energy-efficient vinyl tilt sash windows that help maintain comfortable temperatures year-round. Ceiling fans in all bedrooms and the living room provide steady airflow throughout the home. The primary bathroom includes a garden tub with cultured marble surround, double vanities with gooseneck faucets, and two walk-in closets. The kitchen has red oak cabinets and black appliances, including an electric range, built-in microwave, refrigerator, and dishwasher. Move-in ready! Schedule your showing today.

13. 2026-03-06
    price $235,000 578-char remark

    Show marketing remark (578 chars)

    This 4-bedroom, 2-bathroom home features rounded wall corners and energy-efficient vinyl tilt sash windows that help maintain comfortable temperatures year-round. Ceiling fans in all bedrooms and the living room provide steady airflow throughout the home. The primary bathroom includes a garden tub with cultured marble surround, double vanities with gooseneck faucets, and two walk-in closets. The kitchen has red oak cabinets and black appliances, including an electric range, built-in microwave, refrigerator, and dishwasher. Move-in ready! Schedule your showing today.

14. 2025-11-05
    listed $250,000 Active 578-char remark

    Show marketing remark (578 chars)

    This 4-bedroom, 2-bathroom home features rounded wall corners and energy-efficient vinyl tilt sash windows that help maintain comfortable temperatures year-round. Ceiling fans in all bedrooms and the living room provide steady airflow throughout the home. The primary bathroom includes a garden tub with cultured marble surround, double vanities with gooseneck faucets, and two walk-in closets. The kitchen has red oak cabinets and black appliances, including an electric range, built-in microwave, refrigerator, and dishwasher. Move-in ready! Schedule your showing today.

15. 2023-06-14
    soldstatus
16. 2023-05-03
    status Pending
17. 2023-05-01
    listed $232,500 Active
18. 2011-04-05
    listed $106,250

ⓘ 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: $6,147 · $512/mo
• Projected year-2 tax: $6,147 · $512/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 ≥106°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 54% 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: $20,959
• − Mortgage interest: −$11,763
• − Property taxes: −$6,147
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,677
• − Management: −$1,677
• − Depreciation: −$6,109
• Taxable loss: −$7,463
• Est. tax savings @ 24.0%: +$1,791
• After-tax cash flow: $-2,063/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: Lampasas ISD
• NCES district ID: 4826640
• Math proficiency: 42% ▼ -3.00%
• Reading proficiency: 46% ▬ 0.00%
• Median HH income: $51,042
• Composite: 37.9/100
• National rank: #4314
• State rank: #278 of 826 in TX

Livability — Copperas Cove

• Score: 65/100
• State rank: #706
• US rank: #13158

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Copperas Cove, TX
• County: Coryell County · 61,053 people
• City population: 42,118
• Metro: Killeen-Temple, TX
• Population (ZIP): 42,118
• Household income: $72,206
• Rent vs Own: 37.9% rent · 62.1% own
• Severe rent burden: 1019.0

Population outlook (Lampasas County) Hauer SSP2

• Today (2025): 22,114 people
• By 2030: 22,779 · +3.0%
• By 2040: 23,812 · +7.7%
• By 2050: 24,403 · +10.4%
• By 2075: 25,713 · +16.3%
• By 2100: 25,053 · +13.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 53% Hispanic / Latino 21% Two or more races 20% Black 14% Asian 2%
• Hispanic origin (detail): Mexican 11% Puerto Rican 6%
• Common ancestry: Romanian 2% Italian 2% Lithuanian 2%
• Foreign-born: 7% · Canada, South Korea
• Languages at home: 85% English-only · Spanish 10% German/W. Germanic 2% Other Asian/Pacific 1%

Political lean MEDSL · Lampasas

• 2024 margin: Solid R (+59.6) · D 19.8% · R 79.3%
• 2008→2024 swing: -10.5pp toward R · 2008: -49.1pp · 2024: -59.6pp
• All cycles: 2024: R+59.6 2020: R+57.1 2016: R+60.0 2012: R+57.8 2008: R+49.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -53.11%
• Current HPI: 183.9452
• Rent YoY: ▼ -0.25%
• 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

+111.8% since first listed

9 events — show timeline

• 2026-04-03 Price Changed $225,000 NTREIS
• 2026-04-03 Price Changed $225,000 CTXMLS
• 2026-03-26 Listed $235,000 CTXMLS
• 2026-03-06 Price Changed $235,000 NTREIS
• 2025-11-05 Listed $250,000 NTREIS
• 2023-06-14 Sold (Public Records) — Public Records
• 2023-05-03 Pending — CTXMLS
• 2023-05-01 Listed $232,500 CTXMLS
• 2011-04-05 Listed $106,250 CTXMLS

Property tax history

+5.9%/yr

Latest (2025): $6,147 · -7.8% YoY. Source: county tax records.