| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Good |
| Demographics | 52nd | Good |
| Amenities | 35th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1065 Early Blvd, Early, TX, 76802, US |
| Region / Metro | Early |
| Year of Construction | 1992 |
| Units | 41 |
| Transaction Date | 2017-09-01 |
| Transaction Price | $135,000 |
| Buyer | JONES DOUGLAS WAYNE |
| Seller | THOMAS OLEN LYNN |
1065 Early Blvd, Early TX Multifamily Investment Opportunity
Positioned in the Brownwood micromarket, this 41-unit, 1992-vintage asset offers value-add potential in an owner-leaning area where renter demand is supported by household growth and competitive schools, according to WDSuite’s CRE market data.
Early sits within the Brownwood, TX metro and ranks 3rd of 21 neighborhoods overall (A rating), indicating competitive positioning locally even if many indicators track closer to mid-range nationally. Amenity access is competitive among Brownwood neighborhoods (rank 5 of 21) but more limited compared with large metros, so residents rely on a practical mix of restaurants, groceries, and pharmacies rather than dense retail clusters.
Schools are a relative strength: the neighborhoods average school rating is 4.0 out of 5 and ranks 1st of 21 in the metro, landing in the top quartile nationally. For family-oriented renters, this can aid leasing velocity and retention.
The neighborhoods housing stock trends newer than much of rural Texas (average 1999); this propertys 1992 construction is slightly older, suggesting targeted capital planning and potential renovation upside to compete with younger product. Median contract rents in the neighborhood are mid-pack nationally and below large-market levels, while the rent-to-income ratio around 0.16 suggests manageable affordability that can support retention but may temper near-term pricing power.
Within a 3-mile radius, demographics point to investor-relevant shifts: recent household counts increased while average household size edged lower, expanding the pool of potential renters even as the area remains owner-leaning. Forecasts indicate essentially flat household counts by 2028 with a higher renter-occupied share, which would broaden the tenant base and support occupancy even if population growth moderates. These dynamics, based on CRE market data from WDSuite, frame this submarket as steady but sensitive to local economic momentum.
Neighborhood-level crime estimates are not available in WDSuite for this location. Investors typically compare area trends against metro and peer neighborhoods to gauge relative safety and leasing implications; in the absence of verified data, prudent underwriting often includes local law enforcement statistics, recent trend reviews, and site observations to contextualize risk.
This location primarily serves a regional workforce tied to Brownwood-area services and light industry. Verified employer distance data is not available from WDSuite for this address, so the list below is intentionally left blank pending confirmation.
This 41-unit propertybuilt in 1992offers an approachable value-add profile relative to a neighborhood housing stock that averages late-1990s construction. The submarket is owner-leaning but shows evidence of a gradually expanding renter pool within a 3-mile radius as households increase and average household size trends lower, supporting depth of demand for smaller-format rental options and steady lease-up. Neighborhood rent-to-income metrics indicate manageable affordability, which can bolster retention even if it moderates immediate pricing power. According to CRE market data from WDSuite, neighborhood occupancy trails national norms, underscoring the importance of hands-on asset management and targeted upgrades to capture demand.
Looking forward, household counts are expected to be broadly stable while the renter share rises, which can support occupancy stability for well-positioned assets. With measured capital improvements to modernize 1990s interiors and systems, investors can position the property competitively against newer stock while maintaining affordability relative to homeownership in this market context.
- 1992 vintage suggests clear value-add and systems modernization opportunities versus late-1990s neighborhood stock.
- Expanding renter concentration within a 3-mile radius supports a broader tenant base and potential lease stability.
- Manageable rent-to-income dynamics support retention and steady collections rather than aggressive near-term rate pushes.
- Risk: Neighborhood occupancy sits below national norms, requiring active leasing strategy and targeted upgrades.
- Risk: Amenity density is thinner than large metros, so marketing should emphasize schools, convenience, and value positioning.