370 Gateway Dr · Poteet, TX 78065

$49,999

3 bd · 1.0 ba · 1,188 sqft · SingleFamily public records · 8 Days on market

Built 1955 6,499 sqft lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.4/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

JUST LISTED! This single-family 3-bedroom, one bath home in Poteet, Texas. This home needs a little work, but it has plenty of potential. It is located on a spacious lot and could easily be remodeled to be a very nice home or an excellent investment. It is conveniently located near many local stores, dining, and everyday amenities. It also has easy access to both Pleasanton and Jourdanton. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home. When you call be sure and ask about other properties that we may have available i

Key facts

• Easy access
• Spacious lot
• Conveniently located

Tags

• SPACIOUS LOT
• CONVENIENTLY LOCATED
• EASY ACCESS

Property features AI

Exterior

• Utilities: Water and sewer details not provided; Power details not provided
• Home design: Residential property; One-story (single level)
• Construction: Built in 1955
• Exterior features: Lot features: Other

Interior

• Bedrooms: First-floor bedroom, approx. 10 x 10; First-floor bedroom, approx. 11 x 12; First-floor primary bedroom, approx. 12 x 14
• Bathrooms: 1 full bathroom
• Interior features: Total of 3 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $633 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Cap rate 21.5% vs local median 1.9% in Poteet — 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 65/100 on livability (#716 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D, amenities F, commute F.
• Somerset ISD (rural): math 41% / reading 39% proficiency, ranked #417 of 826 in TX (top 50%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Savannah Heights Int (math 44% / reading 36%, grade F, #646 of 1,662 statewide, top 40%, 576 students, 86% FRL); Somerset H S (math 12% / reading 25%, grade F, #1,436 of 1,632 statewide, top 88%, 1,148 students, 86% FRL).
• Market conditions: 134 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 224 units permitted in Atascosa County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $345 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Atascosa County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $49,999

Questions for the listing agent

1. Built in 1955 — 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 F-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: 2.40% ✓
• Cap rate: 21.49%
• Cash-on-cash: 54.26%
• DSCR: 3.41
• GRM: 3.5

CMA / ARV

• ARV (on-the-fly): $135,432
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2438 Royal Oaks	0.47mi	3/2.0	1,180 (-1%)	8mo	$135,000	$114	66
201 Primrose Ln	0.64mi	3/1.5	1,204 (+1%)	8mo	$135,000	$112	59
310 Dawnridge Dr	0.21mi	3/2.0	1,344 (+13%)	21mo	$140,000	$104	47
118 Sundown Ln	0.60mi	2/2.0 (-1)	1,296 (+9%)	13mo	$184,400	$142	38

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: 52.4%
• Equity multiple: 3.30×
• Total profit: $32,215
• Equity at exit: $7,455

10-year hold

• IRR: 57.7%
• Equity multiple: 6.71×
• Total profit: $79,965
• Equity at exit: $4,323

Cash invested: $14,000 (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 78065

• Home prices YoY: -11.1%
• Active inventory: 134
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,200 medium
• Mortgage (P&I): −$262
• Tax from tax record: −$32 /mo · $383/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $633

Break-even live

Break-even rent $399

Max offer price $49,999

Occupancy floor 42%

Sensitivity live

Price	-10% $661	-5% $647	+0% $633	+5% $619	+10% $605
Rent	-10% $538	-5% $586	+0% $633	+5% $680	+10% $728
Rate	-1.0pp $658	-0.5pp $646	base $633	+0.5pp $620	+1.0pp $607

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16055 Texas 16 Unit 38 Poteet, TX	2.0	1.0	800	$1,200	$1.50	44d	1	0.89mi

Listing history 8 events

1. 2026-06-18
   days on market $49,999 Active 8 DOM
2. 2026-06-17
   days on market $49,999 Active 7 DOM
3. 2026-06-16
   days on market $49,999 Active 6 DOM
4. 2026-06-15
   days on market $49,999 Active 5 DOM
5. 2026-06-15
   days on market $49,999 Active 4 DOM
6. 2026-06-13
   days on market $49,999 Active 3 DOM
7. 2026-06-12
   remarks 699-char remark
8. 2026-06-12
   listed $49,999 Active 2 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: $383 · $32/mo
• Projected year-2 tax: $915 · $76/mo
• Expected delta: +$532/yr (+$44/mo · 138.7%)

ⓘ 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 8/10 Severe 6 d/yr ≥108°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $14,400
• − Mortgage interest: −$2,801
• − Property taxes: −$383
• − Insurance: −$250
• − Repairs & maintenance: −$1,152
• − Management: −$1,152
• − Depreciation: −$1,455
• Taxable income: $7,207
• Est. tax owed @ 24.0%: −$1,730
• After-tax cash flow: $5,866/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: Somerset ISD
• NCES district ID: 4840740
• Math proficiency: 41% ▬ 0.00%
• Reading proficiency: 39% ▲ 4.00%
• Median HH income: $44,712
• Composite: 34.01/100
• National rank: #5315
• State rank: #417 of 826 in TX

Livability — Poteet

• Score: 65/100
• State rank: #716
• US rank: #13366

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 11,835

Population outlook (Atascosa County) Hauer SSP2

• Today (2025): 57,233 people
• By 2030: 61,729 · +7.9%
• By 2040: 71,122 · +24.3%
• By 2050: 80,906 · +41.4%
• By 2075: 106,134 · +85.4%
• By 2100: 122,415 · +113.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (80%)
• Race & ethnicity: Hispanic / Latino 80% Two or more races 31% White 17% Black 2%
• Hispanic origin (detail): Mexican 76%
• Common ancestry: Serbian 1% Lithuanian 1% Russian 1%
• Foreign-born: 8% · Canada
• Languages at home: 55% English-only · Spanish 43% Arabic 1%

Political lean MEDSL · Atascosa

• 2024 margin: Solid R (+43.3) · D 27.9% · R 71.3%
• 2008→2024 swing: -32.8pp toward R · 2008: -10.5pp · 2024: -43.3pp
• All cycles: 2024: R+43.3 2020: R+34.0 2016: R+29.1 2012: R+18.3 2008: R+10.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -24.44%
• Current HPI: 195.9214
• 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

2 events — show timeline

• 2026-06-10 Listed $49,999 HARMLS
• 2021-10-25 Sold (Public Records) — Public Records

Property tax history

-5.4%/yr

Latest (2025): $383 · -61.9% YoY. Source: county tax records.