1402 Chico Ct · Killeen, TX 76541

$119,999

3 bd · 1.0 ba · 1,176 sqft · SingleFamily public records · 64 Days on market

Built 1956 9,822 sqft lot $102/sqft · 18% below area Est $147k · 18% 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 +17.6/30.0
• ARV discount +15.0/15.0
• Appreciation +6.1/10.0
• DSCR +5.5/10.0
• 1% rule +4.9/10.0
• 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

Killeen Living, FULLY REMODELED-LIKE NEW INSIDE. 3 Bedroom, 1 Bath. 1,416 of comfortable living Space! Move in or ready to rent, ready with nothing left to fix.

Key facts

• 9,822 sq ft lot
• Garage
• Built 1956

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $95 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $119k (0.6% below list).
• Recommended offer: $113k (6.0% 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 38% 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 ($829 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 $34k cash investment doubles in ~7 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 3y ago; this cycle's ask has dropped $16k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• 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 $112,799 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 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 1956 — 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: 0.99% ✗
• Cap rate: 7.25%
• Cash-on-cash: 3.41%
• DSCR: 1.15
• GRM: 8.4

CMA / ARV

• ARV (median comp): $146,501
• List price: $119,999
• Delta: -18.09%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1615 Richard Dr	0.50mi	3/2.0	1,154 (-2%)	2mo	$142,500	$123	68
1101 S 2nd St	0.66mi	3/1.0	1,203 (+2%)	1mo	$67,000	$56	65
1507 Metropolitan Dr	0.32mi	3/1.0	1,080 (-8%)	8mo	$163,000	$151	65
602 Brook Dr	0.58mi	2/1.0 (-1)	1,169 (-1%)	3mo	$45,000	$38	64
917 Carrie Ave	0.22mi	3/1.5	1,327 (+13%)	2mo	$157,500	$119	64
1510 Bowie Ct	0.36mi	2/2.0 (-1)	1,162 (-1%)	13mo	$149,900	$129	62
1312 Duval Dr	0.35mi	3/1.0	1,024 (-13%)	4mo	$105,000	$103	59
910 Sutton Dr	0.25mi	3/1.0	1,056 (-10%)	23mo	$120,000	$114	52
1513 Richard Dr	0.40mi	3/1.0	1,107 (-6%)	24mo	$145,000	$131	52
2700 Terrace Dr	0.71mi	3/1.0	1,090 (-7%)	8mo	$83,000	$76	48
508 Brook Dr	0.64mi	3/1.0	1,235 (+5%)	24mo	$95,000	$77	42

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

Projected returns pro-forma

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

5-year hold

• IRR: 6.9%
• Equity multiple: 1.37×
• Total profit: $12,439
• Equity at exit: $49,037

10-year hold

• IRR: 8.5%
• Equity multiple: 2.12×
• Total profit: $37,651
• Equity at exit: $71,948

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 76541

• Home prices YoY: 1.4%
• Rents YoY: -2.0%
• Active inventory: 123
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,192 high
• Mortgage (P&I): −$629
• Tax from tax record: −$167 /mo · $2,008/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$250
• Net cashflow: $95

Break-even live

Break-even rent $1,072

Max offer price $119,999

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

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1302 Redondo Dr Killeen, TX	3.0	1.0	1327	$1,200	$0.90	43d	1	0.11mi
1414 Alta Mira Dr Killeen, TX	3.0	1.0	1294	$1,099	$0.85	23d	1	0.14mi
913 Estelle Ave Killeen, TX	4.0	2.0	1292	$1,445	$1.12	13d	1	0.14mi
907 Wells St Killeen, TX	3.0	1.0	1050	$950	$0.90	23d	1	0.20mi
724 Carrie Ave Killeen, TX	3.0	1.0	1100	$1,000	$0.91	43d	1	0.29mi
1306 Duvall Dr Killeen, TX	3.0	1.0	1000	$1,025	$1.02	43d	1	0.31mi
1505 S W S Young Dr Killeen, TX	4.0	1.0	1441	$1,150	$0.80	23d	1	0.39mi
1504 S W S Young Dr Killeen, TX	3.0	1.0	1065	$1,100	$1.03	21d	1	0.41mi
1305 Arkansas Ave Killeen, TX	3.0	2.0	1276	$1,300	$1.02	23d	1	0.41mi
1417 Jasper Garden Ct Killeen, TX	3.0	2.0	1477	$1,675	$1.13	43d	1	0.43mi
1512 S W S Young Dr Killeen, TX	3.0	1.0	1149	$1,195	$1.04	43d	1	0.44mi
801 S W S Young Dr Killeen, TX	3.0	1.0–2.0	1027	$2,043	$1.99	13d	12	0.48mi
2307 Terrace Dr Unit C Killeen, TX	3.0	2.0	1203	$850	$0.71	13d	1	0.49mi
1402 Missouri Ave Killeen, TX	3.0	1.5	1052	$1,525	$1.45	43d	1	0.49mi
1513 Missouri Ave Killeen, TX	3.0	2.0	1266	$1,300	$1.03	43d	1	0.50mi
1401 Illinois Ave Killeen, TX	3.0	1.5	1130	$1,250	$1.11	43d	1	0.52mi
2318 Terrace Dr Killeen, TX	3.0	2.0	1370	$1,299	$0.95	44d	1	0.53mi
118 E Fowler Ave Killeen, TX	3.0	1.0	902	$875	$0.97	43d	1	0.53mi
208 E Voelter Ave Killeen, TX	3.0	2.0	1215	$995	$0.82	23d	1	0.54mi
2318 Mary Ln Killeen, TX	3.0	1.5	1162	$1,225	$1.05	43d	1	0.56mi
2303 Dover Rd Killeen, TX	3.0	2.0	1398	$1,400	$1.00	23d	1	0.58mi
201 E Bryce Dr Killeen, TX	1.0–2.0	1.0	620	$1,010	$1.63	43d	9	0.62mi
2312 Doris Dr Killeen, TX	3.0	2.0	1331	$1,350	$1.01	43d	1	0.69mi
1611 Grandon Dr Killeen, TX	1.0–3.0	1.0–2.0	854	$1,300	$1.52	13d	11	0.69mi
914 Stetson Ave Killeen, TX	2.0	1.0	828	$850	$1.03	43d	1	0.73mi
1602 Van Zanten Dr Unit A Killeen, TX	2.0	2.0	953	$850	$0.89	23d	1	0.73mi
910 Stetson Ave Unit (SR PnB) 910-912 Stetson Killeen, TX	3.0	1.0	1082	$900	$0.83	23d	1	0.73mi
1405 Van Zanten Ct Apt A Killeen, TX	2.0	1.5	915	$775	$0.85	43d	1	0.74mi
2707 Taft St Killeen, TX	3.0	2.0	1131	$1,200	$1.06	43d	1	0.76mi
2701 Hillside Dr Killeen, TX	3.0	1.0	924	$995	$1.08	21d	1	0.83mi
912 Southside Dr Killeen, TX	3.0	1.0	841	$995	$1.18	43d	1	0.85mi
1104 E Avenue E Killeen, TX	2.0	1.0	736	$800	$1.09	43d	1	0.87mi
1302 Opal Rd Unit A Killeen, TX	2.0	1.5	1125	$750	$0.67	23d	1	0.87mi
1409 Opal Rd Killeen, TX	3.0	2.0	1319	$1,400	$1.06	43d	1	0.87mi
919 Southside Dr Killeen, TX	3.0	1.0	925	$1,300	$1.41	43d	1	0.88mi
1316 Opal Rd Unit A Killeen, TX	2.0	1.5	1200	$1,299	$1.08	43d	1	0.89mi
910 San Antonio St Killeen, TX	3.0	1.0	1208	$995	$0.82	43d	1	0.90mi
2905 June St Killeen, TX	2.0	1.0	728	$950	$1.30	43d	1	0.91mi
2905 Taft St Killeen, TX	3.0	2.0	1242	$2,095	$1.69	43d	1	0.91mi
907 San Antonio St Killeen, TX	3.0	1.5	1303	$1,195	$0.92	43d	1	0.92mi

Listing history 33 events

1. 2026-06-10
   days on market $119,999 Active 64 DOM
2. 2026-06-09
   days on market $119,999 Active 63 DOM
3. 2026-06-08
   days on market $119,999 Active 62 DOM
4. 2026-06-07
   days on market $119,999 Active 61 DOM
5. 2026-06-03
   days on market $119,999 Active 57 DOM
6. 2026-06-02
   days on market $119,999 Active 56 DOM
7. 2026-06-01
   days on market $119,999 Active 55 DOM
8. 2026-05-31
   days on market $119,999 Active 54 DOM
9. 2026-05-30
   days on market $119,999 Active 53 DOM
10. 2026-05-05
    price $119,999 160-char remark

    Show marketing remark (160 chars)

    Killeen Living, FULLY REMODELED-LIKE NEW INSIDE. 3 Bedroom, 1 Bath. 1,416 of comfortable living Space! Move in or ready to rent, ready with nothing left to fix.

11. 2026-04-28
    price $123,333 160-char remark

    Show marketing remark (160 chars)

    Killeen Living, FULLY REMODELED-LIKE NEW INSIDE. 3 Bedroom, 1 Bath. 1,416 of comfortable living Space! Move in or ready to rent, ready with nothing left to fix.

12. 2026-04-22
    price $133,333 160-char remark

    Show marketing remark (160 chars)

    Killeen Living, FULLY REMODELED-LIKE NEW INSIDE. 3 Bedroom, 1 Bath. 1,416 of comfortable living Space! Move in or ready to rent, ready with nothing left to fix.

13. 2026-04-09
    price $1,195
14. 2026-04-07
    listed $136,000 Active 160-char remark

    Show marketing remark (160 chars)

    Killeen Living, FULLY REMODELED-LIKE NEW INSIDE. 3 Bedroom, 1 Bath. 1,416 of comfortable living Space! Move in or ready to rent, ready with nothing left to fix.

15. 2026-03-19
    listed $1,250
16. 2025-03-29
    historical $1,250
17. 2025-03-08
    listed $1,250
18. 2025-03-06
    historical
19. 2025-03-06
    historical
20. 2025-02-13
    price $124,900
21. 2025-01-30
    price $129,900
22. 2025-01-16
    price $139,900
23. 2024-12-03
    price $154,900
24. 2024-11-07
    listed $159,900 Active
25. 2024-10-28
    listed $124,900
26. 2023-10-07
    historical $1,195
27. 2023-09-03
    listed $1,195
28. 2023-08-30
    historical $1,195
29. 2023-07-20
    price $1,195
30. 2023-07-19
    price $1,245
31. 2023-07-13
    price $1,295
32. 2021-09-03
    soldstatus
33. 1990-03-02
    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: $2,008 · $167/mo
• Projected year-2 tax: $2,196 · $183/mo
• Expected delta: +$188/yr (+$16/mo · 9.4%)

ⓘ 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: $14,309
• − Mortgage interest: −$6,722
• − Property taxes: −$2,008
• − Insurance: −$600
• − Repairs & maintenance: −$1,145
• − Management: −$1,145
• − Depreciation: −$3,491
• Taxable loss: −$801
• Est. tax savings @ 24.0%: +$192
• After-tax cash flow: $1,337/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

+9166.3% since first listed

24 events — show timeline

• 2026-05-05 Price Changed $119,999 CTXMLS
• 2026-04-28 Price Changed $123,333 CTXMLS
• 2026-04-22 Price Changed $133,333 CTXMLS
• 2026-04-09 Price Changed $1,195 BUILDIUM
• 2026-04-07 Listed $136,000 CTXMLS
• 2026-03-19 Listed for Rent $1,250 BUILDIUM
• 2025-03-29 Rental Removed $1,250 BUILDIUM
• 2025-03-08 Listed for Rent $1,250 BUILDIUM
• 2025-03-06 Listing Removed — CTXMLS
• 2025-03-06 Listing Removed — NTREIS
• 2025-02-13 Price Changed $124,900 CTXMLS
• 2025-01-30 Price Changed $129,900 CTXMLS
• 2025-01-16 Price Changed $139,900 CTXMLS
• 2024-12-03 Price Changed $154,900 CTXMLS
• 2024-11-07 Listed $159,900 CTXMLS
• 2024-10-28 Listed $124,900 NTREIS
• 2023-10-07 Rental Removed $1,195 BUILDIUM
• 2023-09-03 Listed for Rent $1,195 BUILDIUM
• 2023-08-30 Rental Removed $1,195 BUILDIUM
• 2023-07-20 Price Changed $1,195 BUILDIUM
• 2023-07-19 Price Changed $1,245 BUILDIUM
• 2023-07-13 Price Changed $1,295 BUILDIUM
• 2021-09-03 Sold (Public Records) — Public Records
• 1990-03-02 Sold (Public Records) — Public Records

Property tax history

+5.9%/yr

Latest (2025): $2,008 · -9.5% YoY. Source: county tax records.