443 3rd St · Jasper, TX 75951

$11,900

4 bd · 2.0 ba · 1,720 sqft · MultiFamily · 24 Days on market

Built 1952 3,920 sqft lot

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks

Attention investors and DIY enthusiasts! Multiple exit strategies: finish this remodel then either flip, rent or move in! Home being sold as is.

Key facts

• 3,920 sq ft lot
• Built 1952
• Listed 24 days

Property features AI

Finance

• Other: Property listed for sale; Vacancy rate: 0%
• Financial info: Gross annual income: $0; Net operating income: $0; Annual operating expense: $0; Operating expense details: Other (see remarks); Down payment resources available
• HOA & community: Not in a defined subdivision

Exterior

• Parking: Street parking for Unit 1; Street parking for Unit 2
• Utilities: City water/sewer; Other utility meters
• Home design: 2 total units; Approximate age: 74 years
• Construction: Slab foundation; Other roof type (see remarks)
• Exterior features: Other building exterior (see remarks)

Interior

• Bedrooms: Unit 1: 2 bedrooms; Unit 2: 2 bedrooms
• Flooring: Other flooring (see remarks)
• Bathrooms: Unit 1: 1 full bathroom; Unit 2: 1 full bathroom
• Heating & cooling: Other heating (see remarks); Other heating fuel (see remarks); Other air conditioning (see remarks)
• Interior features: Other interior features (see remarks)

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath multifamily listed at $12k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $12k).
• Recommended offer: $12k (1.5% below list) — sets the bar for market timing.
• Cap rate 112.0% vs local median 4.7% in Jasper — 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 58/100 on livability (#1,225 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: crime C-, schools F, amenities F.
• Jasper ISD (town): math 22% / reading 26% proficiency, ranked #734 of 826 in TX (top 89%) — 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: 308 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 45 units permitted in Jasper County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $82 of loan paydown is wiped out by about $357 of value loss. Plan a longer hold.
• Jasper County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $3k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($12k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $10k (46%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $11,721 (1.5% below list)

Questions for the listing agent

1. Built in 1952 — 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. 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?
5. 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.
6. 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.
7. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 12.03% ✓
• Cap rate: 112.00%
• Cash-on-cash: 377.52%
• DSCR: 17.80
• GRM: 0.7

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: —
• Equity multiple: 20.46×
• Total profit: $64,856
• Equity at exit: $1,774

10-year hold

• IRR: —
• Equity multiple: 43.78×
• Total profit: $142,531
• Equity at exit: $1,029

Cash invested: $3,332 (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 75951

• Active inventory: 308
• Price-to-rent: 0.7×

Monthly cashflow live

• Estimated rent: $1,431 medium
• Mortgage (P&I): −$62
• Tax est. 1.5%: −$15 /mo · $178/yr
• Insurance: −$5
• HOA: −$0
• Vacancy / Maint / Mgmt: −$301
• Net cashflow: $1,048

Break-even live

Break-even rent $104

Max offer price $11,900

Occupancy floor 22%

Sensitivity live

Price	-10% $1,056	-5% $1,052	+0% $1,048	+5% $1,044	+10% $1,040
Rent	-10% $935	-5% $992	+0% $1,048	+5% $1,105	+10% $1,161
Rate	-1.0pp $1,054	-0.5pp $1,051	base $1,048	+0.5pp $1,045	+1.0pp $1,042

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: $2,975
• Closing costs: $357
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
816 Ogden St Jasper, TX	3.0	1.0	1270	$1,095	$0.86	15d	1	0.08mi
469 Ogden St Jasper, TX	3.0	1.0	1344	$1,600	$1.19	15d	1	0.21mi
509 N Peachtree St Jasper, TX	3.0	2.0	1627	$2,000	$1.23	15d	1	0.27mi
209 Cavin St Jasper, TX	3.0	1.0	1418	$1,300	$0.92	20d	1	0.73mi

Listing history 19 events

1. 2026-06-18
   days on market $11,900 Active 24 DOM
2. 2026-06-17
   days on market $11,900 Active 23 DOM
3. 2026-06-16
   days on market $11,900 Active 22 DOM
4. 2026-06-15
   statusdays on market $11,900 Active 21 DOM
5. 2026-06-14
   days on market $11,900 Back on Market 19 DOM
6. 2026-06-13
   days on market $11,900 Back on Market 18 DOM
7. 2026-06-10
   days on market $11,900 Back on Market 16 DOM
8. 2026-06-09
   days on market $11,900 Back on Market 15 DOM
9. 2026-06-08
   days on market $11,900 Back on Market 14 DOM
10. 2026-06-07
    days on market $11,900 Back on Market 13 DOM
11. 2026-06-05
    days on market $11,900 Back on Market 10 DOM
12. 2026-06-03
    status $11,900 Back on Market 9 DOM
13. 2026-05-18
    price $11,900 144-char remark
14. 2026-05-13
    listed $22,000 New 144-char remark
15. 2024-07-09
    historical
16. 2024-07-02
    price $49,000
17. 2024-04-13
    price $59,000
18. 2024-02-17
    price $69,000
19. 2024-02-16
    listed $95,000 Active

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥111°F today · 23 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% 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: $17,172
• − Mortgage interest: −$667
• − Property taxes: −$178
• − Insurance: −$60
• − Repairs & maintenance: −$1,374
• − Management: −$1,374
• − Depreciation: −$346
• Taxable income: $13,174
• Est. tax owed @ 24.0%: −$3,162
• After-tax cash flow: $9,417/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: Jasper ISD
• NCES district ID: 4824630
• Math proficiency: 22% ▼ -12.00%
• Reading proficiency: 26% ▼ -8.00%
• Median HH income: $36,286
• Composite: 19.91/100
• National rank: #8684
• State rank: #734 of 826 in TX

Livability — Jasper

• Score: 58/100
• State rank: #1225
• US rank: #21385

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jasper, TX
• Population (ZIP): 15,267

Population outlook (Jasper County) Hauer SSP2

• Today (2025): 33,986 people
• By 2030: 32,965 · -3.0%
• By 2040: 30,908 · -9.1%
• By 2050: 28,893 · -15.0%
• By 2075: 24,828 · -26.9%
• By 2100: 19,987 · -41.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 60% Black 28% Two or more races 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 1% Slovak 1% Iranian 1%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 5% Tagalog/Filipino 1%

Political lean MEDSL · Jasper

• 2024 margin: Solid R (+66.6) · D 16.5% · R 83.1%
• 2008→2024 swing: -24.6pp toward R · 2008: -42.0pp · 2024: -66.6pp
• All cycles: 2024: R+66.6 2020: R+61.4 2016: R+59.9 2012: R+48.4 2008: R+42.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -83.56%
• Current HPI: 136.7972
• 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

-87.5% since first listed

9 events — show timeline

• 2026-06-03 Relisted — LERA
• 2026-05-23 Pending — LERA
• 2026-05-18 Price Changed $11,900 LERA
• 2026-05-13 Listed $22,000 LERA
• 2024-07-09 Listing Removed — HARMLS
• 2024-07-02 Price Changed $49,000 HARMLS
• 2024-04-13 Price Changed $59,000 HARMLS
• 2024-02-17 Price Changed $69,000 HARMLS
• 2024-02-16 Listed $95,000 HARMLS