220 Ellis Dr · Waskom, TX 75692

$115,000

8 bd · 4.5 ba · 3,066 sqft · SingleFamily public records · 13 Days on market

Built 2013 4.32 ac lot ↓ 28% since listing

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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 +27.7/30.0
• 1% rule +10.0/10.0
• DSCR +9.7/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Looking for privacy, space, and potential? This 4.32-acre property in Waskom, Texas offers a secluded setting just minutes from Shreveport. The existing unfinished 3-story structure provides the opportunity to complete the project, redesign it, or start fresh. The sellers are assigning no value to the structure and are simply looking to recoup their investment. If you've been searching for a private property with room to create your own vision, this could be the opportunity you've been waiting for. Motivated sellers—call today for more information!

Key facts

• Secluded setting
• 4.32-acre property
• Private property

Tags

• 4.32-ACRE PROPERTY
• SECLUDED SETTING
• UNFINISHED 3-STORY STRUCTURE
• PRIVATE PROPERTY

Property features AI

Exterior

• Utilities: Public sewer
• Home design: Single-family residential property
• Exterior features: 4.32-acre lot

Interior

• Bathrooms: 4 full bathrooms; 1 half bathroom
• Interior features: Gas log fireplace; Electric water heater; 10 total rooms

What this means for you Summary

Snapshot

• This is a 8-bed/4.5-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $346 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).

Location & tenants

• Location reads 74/100 on livability (#168 in TX, #4,434 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: schools D+, amenities F, commute F.
• Waskom ISD (rural): math 38% / reading 43% proficiency, ranked #387 of 826 in TX (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 54 active listings in the ZIP; 85 units permitted in Harrison County in 2024 (15 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $32k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 4y ago 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 4.3% of price.
• Climate carrying-cost: major wind risk, 63% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $115,000

Questions for the listing agent

1. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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.
5. 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.
6. 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: 1.55% ✓
• Cap rate: 9.90%
• Cash-on-cash: 12.89%
• DSCR: 1.57
• GRM: 5.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 2.9%
• Equity multiple: 1.11×
• Total profit: $3,585
• Equity at exit: $17,147

10-year hold

• IRR: 12.6%
• Equity multiple: 2.00×
• Total profit: $32,262
• Equity at exit: $9,943

Cash invested: $32,200 (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 75692

• Home prices YoY: -31.6%
• Active inventory: 54
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,781 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$410 /mo · $4,921/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $346

Break-even live

Break-even rent $1,343

Max offer price $115,000

Occupancy floor 76%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-18
   days on market $115,000 Active 13 DOM
2. 2026-06-17
   days on market $115,000 Active 12 DOM
3. 2026-06-16
   days on market $115,000 Active 11 DOM
4. 2026-06-15
   days on market $115,000 Active 10 DOM
5. 2026-06-15
   days on market $115,000 Active 9 DOM
6. 2026-06-13
   days on market $115,000 Active 8 DOM
7. 2026-06-12
   days on market $115,000 Active 7 DOM
8. 2026-06-09
   days on market $115,000 Active 4 DOM
9. 2026-06-08
   days on market $115,000 Active 3 DOM
10. 2026-06-08
    days on market $115,000 Active 2 DOM
11. 2026-06-07
    remarks 554-char remark
12. 2026-06-07
    listed $115,000 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 TX · Resets to sale price

• Current annual tax: $4,921 · $410/mo
• Projected year-2 tax: $4,921 · $410/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥110°F today · 23 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 63% 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: $21,371
• − Mortgage interest: −$6,442
• − Property taxes: −$4,921
• − Insurance: −$575
• − Repairs & maintenance: −$1,710
• − Management: −$1,710
• − Depreciation: −$3,345
• Taxable income: $2,669
• Est. tax owed @ 24.0%: −$641
• After-tax cash flow: $3,510/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: Waskom ISD
• NCES district ID: 4844670
• Math proficiency: 38% ▼ -4.00%
• Reading proficiency: 43% ▲ 1.00%
• Median HH income: $49,184
• Composite: 34.82/100
• National rank: #5103
• State rank: #387 of 826 in TX

Livability — Waskom

• Score: 74/100
• State rank: #168
• US rank: #4434

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Waskom, TX
• Population (ZIP): 5,255

Population outlook (Harrison County) Hauer SSP2

• Today (2025): 68,691 people
• By 2030: 69,317 · +0.9%
• By 2040: 69,973 · +1.9%
• By 2050: 70,090 · +2.0%
• By 2075: 70,607 · +2.8%
• By 2100: 67,546 · -1.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Black 11% Hispanic / Latino 7% Two or more races 5%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Italian 1% Romanian 1% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 6%

Political lean MEDSL · Harrison

• 2024 margin: Solid R (+50.6) · D 24.4% · R 75.0%
• 2008→2024 swing: -19.2pp toward R · 2008: -31.4pp · 2024: -50.6pp
• All cycles: 2024: R+50.6 2020: R+45.6 2016: R+43.9 2012: R+34.6 2008: R+31.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -66.51%
• Current HPI: 144.1058
• 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

-28.1% since first listed

7 events — show timeline

• 2026-06-05 Listed $115,000 LAAR
• 2024-07-26 Listed $125,000 LAAR
• 2023-09-01 Relisted — LAAR
• 2023-08-09 Delisted — LAAR
• 2023-06-09 Relisted — LAAR
• 2023-03-30 Price Changed $145,000 LAAR
• 2022-11-11 Listed $160,000 LAAR

Property tax history

+9.1%/yr

Latest (2025): $4,921 · +6.2% YoY. Source: county tax records.