905 E 33rd St · Texarkana, AR 71854

$185,000

3 bd · 2.0 ba · 1,818 sqft · SingleFamily public records · 17 Days on market

Built 1976 0.48 ac lot Est $189k · at est.

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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).

• Cash flow +15.6/30.0
• ARV discount +8.5/15.0
• DSCR +4.8/10.0
• 1% rule +3.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks

This three bedroom, two bath house sits on two city lots and has a 20 x 30 detached garage that is perfect for a man cave or workshop. Large front and back yard with a stone patio perfect for the family bbq or hangout. The house includes a washer and dryer and a side by side fridge/freezer. Stop by and take a look!

Key facts

• Large front yard
• Large back yard
• Stone patio

Tags

• DETACHED GARAGE
• STONE PATIO
• LARGE FRONT YARD
• LARGE BACK YARD

Property features AI

Exterior

• Home design: House
• Exterior features: Approximately 20,996 sq ft lot

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $79 ($947/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 $152k (17.7% below list).
• Recommended offer: $152k (17.7% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.5% 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 64/100 on livability (#177 in AR) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: crime F, amenities F, commute F.
• Texarkana School District (suburban): math 27% / reading 24% proficiency, ranked #181 of 238 in AR (top 76%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Edward D. Trice Elem. School (math 35% / reading 27%, grade F, #297 of 454 statewide, top 65%, 476 students, 100% FRL); Arkansas Middle School (906 students, 100% FRL); Arkansas High School (math 16% / reading 25%, grade F, #233 of 292 statewide, top 80%, 1,060 students, 100% FRL) — zoned schools average 100% FRL vs 64% district-wide (36 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 276 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 21 units permitted in Miller County in 2024 (0 in 5+ unit buildings).
• This rent runs 39% of the median local income ($47k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Miller County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $76k; list at $185k implies a 143% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $152,275 (17.7% below list)

Questions for the listing agent

1. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. Crime grade is F 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.82% ✗
• Cap rate: 6.80%
• Cash-on-cash: 1.83%
• DSCR: 1.08
• GRM: 10.1

CMA / ARV

• ARV (on-the-fly): $189,072
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1304 E 30th	0.32mi	3/2.0	1,871 (+3%)	20mo	$97,500	$52	64
15 N Hermitage Dr	0.34mi	3/1.5	1,631 (-10%)	4mo	$167,000	$102	61
18 N Hermitage Dr	0.39mi	3/2.0	1,648 (-9%)	10mo	$205,500	$125	58
1325 E 31st St	0.43mi	3/2.0	1,587 (-13%)	9mo	$199,500	$126	52
2308 County Ave	0.69mi	3/2.0	2,027 (+12%)	0mo	$170,000	$84	48
2302 Locust St	0.66mi	3/1.0	1,671 (-8%)	8mo	$173,500	$104	45
3712 Central Ave	0.58mi	4/1.5 (+1)	1,614 (-11%)	20mo	$181,327	$112	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -13.4%
• Equity multiple: 0.52×
• Total profit: $-25,024
• Equity at exit: $27,584

10-year hold

• IRR: -4.6%
• Equity multiple: 0.70×
• Total profit: $-15,611
• Equity at exit: $15,995

Cash invested: $51,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 92 Strongly Landlord-Friendly
• State Arkansas: 92 Strongly Landlord-Friendly · R+14
• County: — inherits STATE
• City: — inherits STATE

Only US state where non-payment is criminal. Strongly landlord-favorable; very few tenant protections.

Methodology + full state rankings →

ZIP-level market 71854

• Home prices YoY: -16.9%
• Active inventory: 276
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,523 high
• Mortgage (P&I): −$970
• Tax from tax record: −$77 /mo · $922/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$320
• Net cashflow: $79

Break-even live

Break-even rent $1,423

Max offer price $185,000

Occupancy floor 90%

Sensitivity live

Price	-10% $184	-5% $131	+0% $79	+5% $27	+10% $-26
Rent	-10% $-41	-5% $19	+0% $79	+5% $139	+10% $199
Rate	-1.0pp $172	-0.5pp $126	base $79	+0.5pp $31	+1.0pp $-18

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2405 Tyler Ln Texarkana, AR	3.0	2.0	1905	$1,890	$0.99	45d	1	0.60mi
2101 Pecan St Texarkana, AR	3.0	1.0	1453	$1,125	$0.77	45d	1	0.81mi
4101 Olive St Texarkana, TX	2.0	1.0	1400	$1,300	$0.93	45d	1	0.93mi
722 W 34th St Texarkana, TX	2.0	1.0	1298	$1,300	$1.00	45d	1	1.12mi
3302 Anthony Dr Texarkana, TX	3.0	2.0	1726	$850	$0.49	45d	1	1.25mi
4841 N Park Rd Texarkana, TX	2.0	1.5	1260	$1,100	$0.87	45d	1	1.37mi
3514 Sabine Ave Texarkana, TX	4.0	2.0	1600	$1,845	$1.15	45d	1	1.40mi

Listing history 14 events

1. 2026-06-21
   days on market $185,000 Active 17 DOM
2. 2026-06-19
   days on market $185,000 Active 15 DOM
3. 2026-06-18
   days on market $185,000 Active 14 DOM
4. 2026-06-17
   days on market $185,000 Active 13 DOM
5. 2026-06-16
   days on market $185,000 Active 12 DOM
6. 2026-06-15
   days on market $185,000 Active 11 DOM
7. 2026-06-14
   days on market $185,000 Active 9 DOM
8. 2026-06-13
   days on market $185,000 Active 8 DOM
9. 2026-06-10
   days on market $185,000 Active 6 DOM
10. 2026-06-09
    days on market $185,000 Active 5 DOM
11. 2026-06-08
    days on market $185,000 Active 4 DOM
12. 2026-06-07
    days on market $185,000 Active 3 DOM
13. 2026-06-05
    remarks 316-char remark
14. 2026-06-05
    listed $185,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AR · Resets to sale price

• Current annual tax: $922 · $77/mo
• Projected year-2 tax: $1,184 · $99/mo
• Expected delta: +$262/yr (+$22/mo · 28.4%)

ⓘ 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 7/10 Severe 7 d/yr ≥110°F today · 22 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 23% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,273
• − Mortgage interest: −$10,363
• − Property taxes: −$922
• − Insurance: −$925
• − Repairs & maintenance: −$1,462
• − Management: −$1,462
• − Depreciation: −$5,382
• Taxable loss: −$2,242
• Est. tax savings @ 24.0%: +$538
• After-tax cash flow: $1,485/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: Texarkana School District
• NCES district ID: 0513110
• Math proficiency: 27% ▼ -12.00%
• Reading proficiency: 24% ▼ -9.00%
• Median HH income: $39,320
• Composite: 21.47/100
• National rank: #8332
• State rank: #181 of 238 in AR

Livability — Texarkana

• Score: 64/100
• State rank: #177
• US rank: #14514

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Texarkana, AR
• County: Miller County · 35,720 people
• City population: 35,720
• Metro: Texarkana, TX-AR
• Population (ZIP): 35,720
• Household income: $46,878
• Rent vs Own: 38.6% rent · 61.4% own
• Severe rent burden: 1388.0

Population outlook (Miller County) Hauer SSP2

• Today (2025): 44,197 people
• By 2030: 43,844 · -0.8%
• By 2040: 42,680 · -3.4%
• By 2050: 41,024 · -7.2%
• By 2075: 35,685 · -19.3%
• By 2100: 28,325 · -35.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (62%)
• Race & ethnicity: White 62% Black 30% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Lithuanian 1% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Miller

• 2024 margin: Solid R (+51.1) · D 23.9% · R 74.9% · Other 1.2%
• 2008→2024 swing: -17.6pp toward R · 2008: -33.5pp · 2024: -51.1pp
• All cycles: 2024: R+51.1 2020: R+46.4 2016: R+43.8 2012: R+39.8 2008: R+33.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -40.00%
• Current HPI: 196.7615
• Rent YoY: —
• Metro: Texarkana, TX-AR
• State GDP YoY: ▲ 3.80%
• F500 in state: 10

Industry mix (Fortune 500 HQ in AR)

Industry	F500 HQs	Revenue
▸Retail	1	$681B
▸Food / Agriculture	1	$53B
▸Retail / Energy	1	$22B
▸Transportation / Logistics	1	$12B
▸Energy	1	$4B

Price history

+1133.3% since first listed

4 events — show timeline

• 2026-06-04 Listed $185,000 ForSaleByOwner.com
• 2004-02-18 Sold (Public Records) $76,000 Public Records
• 2002-12-16 Sold (Public Records) $65,000 Public Records
• 1997-09-12 Sold (Public Records) $15,000 Public Records

Property tax history

+3.7%/yr

Latest (2025): $922 · -2.9% YoY. Source: county tax records.