312 N Logan St · Texas City, TX 77590

$115,000

2 bd · 2.0 ba · 1,235 sqft · SingleFamily public records · 85 Days on market

Built 1963 0.32 ac lot $93/sqft · 24% below area Est $151k · 24% under ↓ 15% 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 +26.9/30.0
• ARV discount +15.0/15.0
• DSCR +9.3/10.0
• 1% rule +7.3/10.0
• Rent growth +3.7/5.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious 2-bedroom, 1 1/2 bath home full of potential. The kitchen features a cozy breakfast space, perfect for morning coffee. Both bedrooms are generously sized, offering plenty of comfort and space. Situated on a desirable corner lot, the property boasts mature trees that offer shade and curb appeal. The oversized 2-car garage and double driveway provide abundant parking and storage options. This home is ideal for buyers looking to add their personal touch. With a little TLC, it can truly shine and become a wonderful primary residence or investment opportunity. AS IS, NO REPAIRS

Key facts

• Storage options
• Abundant parking
• Corner lot

Tags

• CORNER LOT
• MATURE TREES
• ABUNDANT PARKING
• STORAGE OPTIONS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $251 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $108k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 4.3% in Texas City — 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 62/100 on livability (#907 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D+, schools F, amenities F.
• Texas City ISD (suburban): math 28% / reading 29% proficiency, ranked #655 of 826 in TX (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.9%/yr); 292 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 3,258 units permitted in Galveston County in 2024 (0 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.
• Galveston County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $32k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 85 days — a 6% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $108,100 (6.0% below list)

Questions for the listing agent

1. It's been on market 85 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 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.23% ✓
• Cap rate: 9.60%
• Cash-on-cash: 11.82%
• DSCR: 1.53
• GRM: 6.8

CMA / ARV

• ARV (median comp): $151,047
• List price: $115,000
• Delta: -23.86%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
205 N Logan St	0.11mi	3/1.0 (+1)	1,230 (-0%)	5mo	$130,000	$106	81
2131 6th Ave N	0.27mi	3/1.0 (+1)	1,228 (-1%)	6mo	$169,000	$138	72
2805 2nd Ave N	0.35mi	3/2.0 (+1)	1,150 (-7%)	4mo	$197,000	$171	64
2312 6th Ave N	0.21mi	3/1.0 (+1)	1,100 (-11%)	1mo	$165,000	$150	62
2613 7th Ave N	0.26mi	3/1.5 (+1)	1,100 (-11%)	1mo	$155,000	$141	62
2906 Somerset Ave	0.51mi	3/2.0 (+1)	1,297 (+5%)	3mo	$185,880	$143	60
2814 6th Ave N	0.39mi	3/1.5 (+1)	1,345 (+9%)	1mo	$220,000	$164	59
2809 Fairfield Ave	0.39mi	3/2.5 (+1)	1,363 (+10%)	4mo	$225,000	$165	54
2913 Tarpey Ave	0.46mi	3/1.0 (+1)	1,334 (+8%)	5mo	$110,000	$82	52
2001 5th Ave N	0.39mi	3/1.0 (+1)	1,078 (-13%)	3mo	$199,000	$185	49
3009 Rust Ave	0.57mi	3/1.0 (+1)	1,328 (+8%)	4mo	$79,999	$60	48
2814 12th Ave N	0.66mi	3/1.5 (+1)	1,346 (+9%)	1mo	$172,000	$128	46

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 · 4.91% rent growth · sell at horizon

5-year hold

• IRR: 0.1%
• Equity multiple: 1.01×
• Total profit: $167
• Equity at exit: $17,147

10-year hold

• IRR: 11.8%
• Equity multiple: 2.02×
• Total profit: $32,787
• 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 77590

• Home prices YoY: -19.3%
• Rents YoY: 4.9%
• Active inventory: 292
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,414 high
• Mortgage (P&I): −$603
• Tax from tax record: −$149 /mo · $1,787/yr
• Insurance: −$48
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $251

Break-even live

Break-even rent $1,097

Max offer price $115,000

Occupancy floor 77%

Sensitivity live

Price	-10% $316	-5% $283	+0% $251	+5% $218	+10% $186
Rent	-10% $139	-5% $195	+0% $251	+5% $307	+10% $362
Rate	-1.0pp $309	-0.5pp $280	base $251	+0.5pp $221	+1.0pp $191

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: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2526 3rd 1/2 Ave N Texas City, TX	3.0	2.0	1240	$1,550	$1.25	24d	1	0.10mi
2714 5th Ave N Texas City, TX	3.0	2.0	1382	$1,800	$1.30	44d	1	0.30mi
2701 13th Ave N Unit K-K3 Texas City, TX	2.0	1.0	811	$1,099	$1.36	21d	1	0.66mi
2701 13th Ave N Unit H-H3 Texas City, TX	2.0	1.0	811	$1,250	$1.54	21d	1	0.66mi
2701 13th Ave N Unit C-C12 Texas City, TX	2.0	1.0	811	$1,222	$1.51	21d	1	0.66mi
2701 13th Ave N Unit C-C3 Texas City, TX	2.0	1.0	811	$1,189	$1.47	21d	1	0.66mi
2701 13th Ave N Unit J-J3 Texas City, TX	2.0	1.0	811	$1,287	$1.59	20d	1	0.66mi
2701 13th Ave N Unit B-B6 Texas City, TX	2.0	1.0	811	$1,239	$1.53	3d	1	0.66mi
2701 13th Ave N Unit E-E6 Texas City, TX	2.0	1.0	811	$1,137	$1.40	21d	1	0.66mi
2707 13th Ave N Texas City, TX	2.0	1.0	811	$1,257	$1.55	44d	1	0.67mi
3106 Danforth Dr Texas City, TX	3.0	1.0	1100	$1,800	$1.64	24d	1	0.68mi
1919 13th Ave N Texas City, TX	1.0–3.0	1.0–2.0	950	$1,239	$1.30	2d	6	0.69mi
2418 14th Ave N Texas City, TX	3.0	2.0	1488	$1,775	$1.19	3d	1	0.73mi
2202 16th Ave N Texas City, TX	2.0	1.5	860	$975	$1.13	12d	4	0.86mi
1228 6th Ave N Unit 1 Texas City, TX	2.0	1.0	847	$945	$1.12	13d	1	1.05mi
3404 9th Ave N Texas City, TX	1.0–2.0	1.0–2.0	721	$1,525	$2.11	3d	34	1.14mi
1114 1st Ave N Texas City, TX	2.0	1.0	847	$945	$1.12	22d	1	1.19mi
1112 1st Ave N Texas City, TX	2.0	1.0	847	$945	$1.12	22d	1	1.19mi
1028 5th Ave N Unit 1 Texas City, TX	2.0	1.0	847	$945	$1.12	13d	1	1.23mi
1001 9th Ave N Texas City, TX	2.0	1.0	814	$1,250	$1.54	44d	1	1.29mi
1116 11th St N Texas City, TX	2.0	1.0	1075	$1,129	$1.05	44d	1	1.36mi
1115 Highway 146 N Texas City, TX	1.0–2.0	1.0–2.0	757	$1,350	$1.78	1d	9	1.46mi

Listing history 11 events

1. 2026-03-04
   listed $115,000 Active 589-char remark

   Show marketing remark (589 chars)

   Spacious 2-bedroom, 1 1/2 bath home full of potential. The kitchen features a cozy breakfast space, perfect for morning coffee. Both bedrooms are generously sized, offering plenty of comfort and space. Situated on a desirable corner lot, the property boasts mature trees that offer shade and curb appeal. The oversized 2-car garage and double driveway provide abundant parking and storage options. This home is ideal for buyers looking to add their personal touch. With a little TLC, it can truly shine and become a wonderful primary residence or investment opportunity. AS IS, NO REPAIRS

2. 2026-02-28
   historical
3. 2025-10-30
   price $99,000
4. 2025-05-19
   status Active
5. 2025-05-16
   status Pending
6. 2025-02-03
   price $109,000
7. 2024-12-26
   price $119,000
8. 2024-10-23
   price $125,000
9. 2024-09-26
   price $130,000
10. 2024-08-24
    listed $135,000 Active
11. 2001-05-23
    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: $1,787 · $149/mo
• Projected year-2 tax: $2,104 · $175/mo
• Expected delta: +$318/yr (+$26/mo · 17.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X · 60% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 28 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,968
• − Mortgage interest: −$6,442
• − Property taxes: −$1,787
• − Insurance: −$1,372
• − Repairs & maintenance: −$1,357
• − Management: −$1,357
• − Depreciation: −$3,345
• Taxable income: $1,306
• Est. tax owed @ 24.0%: −$314
• After-tax cash flow: $2,695/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: Texas City ISD
• NCES district ID: 4842510
• Math proficiency: 28% ▼ -10.00%
• Reading proficiency: 29% ▼ -4.00%
• Median HH income: $44,875
• Composite: 24.47/100
• National rank: #7664
• State rank: #655 of 826 in TX

Livability — Texas City

• Score: 62/100
• State rank: #907
• US rank: #16268

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Texas City, TX
• County: Galveston County · 357,330 people
• City population: 49,936
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 31,642
• Household income: $65,801
• Rent vs Own: 47.6% rent · 52.4% own
• Severe rent burden: 1821.0

Population outlook (Galveston County) Hauer SSP2

• Today (2025): 390,640 people
• By 2030: 425,226 · +8.9%
• By 2040: 493,765 · +26.4%
• By 2050: 559,698 · +43.3%
• By 2075: 719,260 · +84.1%
• By 2100: 819,628 · +109.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 41% Hispanic / Latino 38% Two or more races 20% Black 17% Asian 2%
• Hispanic origin (detail): Mexican 33% Puerto Rican 1%
• Common ancestry: Lithuanian 2% Slovak 1% Italian 1%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 72% English-only · Spanish 26% Other Indo-European 1%

Political lean MEDSL · Galveston

• 2024 margin: Strong R (+27.4) · D 35.7% · R 63.1% · Other 1.2%
• 2008→2024 swing: -7.9pp toward R · 2008: -19.5pp · 2024: -27.4pp
• All cycles: 2024: R+27.4 2020: R+22.6 2016: R+22.6 2012: R+26.9 2008: R+19.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -58.35%
• Current HPI: 244.5809
• Rent YoY: ▲ 4.91%
• Metro: Houston-The Woodlands-Sugar Land, 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

-14.8% since first listed

11 events — show timeline

• 2026-03-04 Listed $115,000 HARMLS
• 2026-02-28 Listing Removed — HARMLS
• 2025-10-30 Price Changed $99,000 HARMLS
• 2025-05-19 Relisted — HARMLS
• 2025-05-16 Pending — HARMLS
• 2025-02-03 Price Changed $109,000 HARMLS
• 2024-12-26 Price Changed $119,000 HARMLS
• 2024-10-23 Price Changed $125,000 HARMLS
• 2024-09-26 Price Changed $130,000 HARMLS
• 2024-08-24 Listed $135,000 HARMLS
• 2001-05-23 Sold (Public Records) — Public Records

Property tax history

+5.2%/yr

Latest (2025): $1,787 · +11.6% YoY. Source: county tax records.