2508 N Houston Dr · La Marque, TX 77568

$230,000

4 bd · 2.0 ba · 1,867 sqft · SingleFamily public records · 13 Days on market

Built 1958 9,949 sqft lot Est $252k · 9% under

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Why this score? — see what drove the C- 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 +18.9/30.0
• ARV discount +11.4/15.0
• DSCR +6.0/10.0
• 1% rule +5.1/10.0
• Rent growth +3.5/5.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

INVESTOR SPECIAL as-is. Come see this great investment opportunity. Plenty of space with 4 bedrooms and 2 Baths. Roof and exterior are in great shape.

Key facts

• 9,949 sq ft lot
• Garage
• Built 1958

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $236 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $230k).
• Cap rate 7.5% vs local median 5.6% in La Marque — 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 59/100 on livability (#1,136 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: employment D, crime 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.
• Zoned schools: Hayley El (math 7% / reading 11%, grade F, #4,293 of 4,322 statewide, top 99%, 562 students, 92% FRL); La Marque H S (math 27% / reading 20%, grade F, #1,342 of 1,632 statewide, top 82%, 647 students, 91% FRL) — zoned schools average 92% FRL vs 66% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 16% at this address vs 28% district-wide (-12 pts) — the specific schools serving this property underperform the Texas City ISD average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+4.0%/yr); 661 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 3,258 units permitted in Galveston County in 2024 (0 in 5+ unit buildings).
• This rent runs 37% of the median local income ($75k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $230,000

Questions for the listing agent

1. Built in 1958 — 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. Crime grade is F 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?
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 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: 1.01% ✓
• Cap rate: 7.52%
• Cash-on-cash: 4.40%
• DSCR: 1.20
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $252,045
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2508 N Houston Dr	0.00mi	4/2.0	1,867 (0%)	2mo	$115,000	$62	99
2405 Stonewall St	0.31mi	4/3.0	1,812 (-3%)	2mo	$249,900	$138	75
2805 N Houston Dr	0.25mi	3/2.5 (-1)	1,832 (-2%)	4mo	$130,000	$71	75
1401 Austin St	0.09mi	4/3.0	2,054 (+10%)	4mo	$249,900	$122	72
2424 Oaklawn Dr	0.43mi	4/2.0	1,744 (-7%)	3mo	$235,000	$135	66
2012 Bellview	0.56mi	4/3.0	1,812 (-3%)	1mo	$254,900	$141	64
121 Lake Rd	0.65mi	3/2.0 (-1)	1,909 (+2%)	4mo	$68,000	$36	58
1825 Thompson St	0.37mi	3/2.5 (-1)	1,676 (-10%)	4mo	$229,900	$137	55
2832 Ashley St	0.65mi	3/2.0 (-1)	1,750 (-6%)	1mo	$289,000	$165	53
2201 Meadow Ln	0.52mi	3/2.0 (-1)	1,660 (-11%)	2mo	$248,000	$149	50
1112 Cora St	0.45mi	3/2.0 (-1)	1,631 (-13%)	6mo	$175,000	$107	48
3116 Mckinney Dr	0.70mi	4/2.0	2,116 (+13%)	7mo	$165,000	$78	39

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 · 3.95% rent growth · sell at horizon

5-year hold

• IRR: -8.3%
• Equity multiple: 0.69×
• Total profit: $-19,939
• Equity at exit: $34,294

10-year hold

• IRR: 2.4%
• Equity multiple: 1.18×
• Total profit: $11,591
• Equity at exit: $19,886

Cash invested: $64,400 (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 77568

• Home prices YoY: -22.7%
• Rents YoY: 4.0%
• Active inventory: 661
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,331 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$303 /mo · $3,641/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$489
• Net cashflow: $236

Break-even live

Break-even rent $2,032

Max offer price $230,000

Occupancy floor 85%

Sensitivity live

Price	-10% $366	-5% $301	+0% $236	+5% $171	+10% $106
Rent	-10% $52	-5% $144	+0% $236	+5% $328	+10% $420
Rate	-1.0pp $352	-0.5pp $295	base $236	+0.5pp $176	+1.0pp $116

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1401 Austin St La Marque, TX	4.0	3.0	1542	$2,400	$1.56	45d	1	0.11mi
1006 E Camp Cir La Marque, TX	3.0	1.0	1230	$1,500	$1.22	26d	1	0.23mi
1230 Kirsten St La Marque, TX	3.0	2.0	1704	$1,660	$0.97	4d	1	0.43mi
203 Beatrice St La Marque, TX	3.0	1.0	1304	$1,395	$1.07	26d	1	0.91mi
1029 Sycamore St La Marque, TX	3.0	2.0	1928	$1,695	$0.88	17d	1	1.04mi
14403 Daniel Shores Dr La Marque, TX	4.0	3.0–3.5	1872	$2,600	$1.39	0d	12	1.09mi

Listing history 10 events

1. 2026-06-21
   days on market $230,000 Active 13 DOM
2. 2026-06-18
   days on market $230,000 Active 10 DOM
3. 2026-06-17
   days on market $230,000 Active 9 DOM
4. 2026-06-16
   days on market $230,000 Active 8 DOM
5. 2026-06-15
   days on market $230,000 Active 7 DOM
6. 2026-06-13
   days on market $230,000 Active 5 DOM
7. 2026-06-09
   statusdays on market $230,000 Active 1 DOM
8. 2026-06-08
   days on market $230,000 Coming Soon 5 DOM
9. 2026-06-07
   days on market $230,000 Coming Soon 4 DOM
10. 2026-06-04
    listed $230,000 Coming Soon 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: $3,641 · $303/mo
• Projected year-2 tax: $4,209 · $351/mo
• Expected delta: +$568/yr (+$47/mo · 15.6%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 57% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥110°F today · 26 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,971
• − Mortgage interest: −$12,884
• − Property taxes: −$3,641
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,238
• − Management: −$2,238
• − Depreciation: −$6,691
• Taxable loss: −$869
• Est. tax savings @ 24.0%: +$209
• After-tax cash flow: $3,042/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 — La Marque

• Score: 59/100
• State rank: #1136
• US rank: #20037

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: La Marque, TX
• County: Galveston County · 357,330 people
• City population: 23,083
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 23,083
• Household income: $74,694
• Rent vs Own: 28.0% rent · 72.0% own
• Severe rent burden: 700.0

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: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: White 37% Hispanic / Latino 29% Black 26% Two or more races 17% Asian 3%
• Hispanic origin (detail): Mexican 22% Puerto Rican 1%
• Common ancestry: Lithuanian 1% Italian 1% Serbian 1%
• Foreign-born: 8% · Canada
• Languages at home: 77% English-only · Spanish 21% Tagalog/Filipino 1% Other Asian/Pacific 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: ▼ -69.39%
• Current HPI: 236.0239
• Rent YoY: ▲ 3.95%
• 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

+78.3% since first listed

9 events — show timeline

• 2026-06-03 Coming Soon $230,000 HARMLS
• 2026-05-01 Sold (Public Records) — Public Records
• 2026-05-01 Sold (MLS) — NTREIS
• 2026-03-31 Pending — NTREIS
• 2026-03-13 Price Changed $115,000 NTREIS
• 2026-03-06 Price Changed $119,000 NTREIS
• 2026-03-05 Price Changed $125,000 NTREIS
• 2026-02-01 Listed $129,000 NTREIS
• 1988-07-08 Sold (Public Records) — Public Records

Property tax history

+7.1%/yr

Latest (2025): $3,641 · +13.3% YoY. Source: county tax records.