2213 17th Ave N · Texas City, TX 77590

$119,900

3 bd · 2.0 ba · 1,148 sqft · SingleFamily public records · 166 Days on market

Built 1970 6,303 sqft lot Est $162k · 26% under ↓ 12% since listing

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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 +23.4/30.0
• ARV discount +15.0/15.0
• DSCR +7.5/10.0
• 1% rule +6.7/10.0
• 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

Welcome to Texas City! This home is ideally situated on the north side of Palmer Highway, on a nice quiet street, walking distance from the local elementary school. Offering endless possibilities, it’s an excellent opportunity for a handyman or an investor seeking their next project. The property is being sold "AS IS" and priced accordingly, providing plenty of room to renovate and build equity. With a bit of TLC, this could become a smart investment—or the perfect place to call home!

Key facts

• 6,303 sq ft lot
• Garage
• Built 1970

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $155 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.5% 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+, amenities F, commute 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: Blocker Middle (math 33% / reading 36%, grade F, #858 of 1,662 statewide, top 54%, 865 students, 80% FRL); Texas City H S (math 32% / reading 36%, grade F, #1,002 of 1,632 statewide, top 62%, 1,718 students, 72% FRL).
• Market conditions: Rents rising fast (+4.9%/yr); 294 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 $829 of loan paydown is wiped out by about $4k 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

• It's been on market 166 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $15k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $105,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 166 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — 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: 1.17% ✓
• Cap rate: 8.51%
• Cash-on-cash: 7.92%
• DSCR: 1.35
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $161,868
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2206 18th Ave N	0.09mi	3/1.0	1,162 (+1%)	0mo	$115,000	$99	90
1513 21st St N	0.14mi	3/1.5	1,152 (+0%)	6mo	$175,000	$152	86
2310 21st Ave N	0.27mi	3/2.0	1,236 (+8%)	10mo	$145,000	$117	66
2410 21st Ave N	0.30mi	4/2.0 (+1)	1,288 (+12%)	2mo	$160,000	$124	59
2418 28th Ave N	0.68mi	2/1.5 (-1)	1,134 (-1%)	2mo	$75,000	$66	58
2312 6th Ave N	0.71mi	3/1.0	1,100 (-4%)	1mo	$165,000	$150	55
2613 7th Ave N	0.75mi	3/1.5	1,100 (-4%)	1mo	$155,000	$141	55
2909 N 14th Avenue Ave N	0.70mi	3/2.0	1,104 (-4%)	7mo	$155,000	$140	55
2909 15th Ave N	0.69mi	3/2.0	1,104 (-4%)	10mo	$195,000	$177	53
2604 27th Ave N	0.68mi	3/2.0	1,261 (+10%)	2mo	$210,000	$167	50
1521 15th Ave N	0.60mi	2/1.0 (-1)	1,036 (-10%)	6mo	$105,000	$101	42
2320 29th Ave N	0.70mi	3/1.0	991 (-14%)	1mo	$154,900	$156	40

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: -5.2%
• Equity multiple: 0.80×
• Total profit: $-6,686
• Equity at exit: $17,877

10-year hold

• IRR: 6.9%
• Equity multiple: 1.57×
• Total profit: $19,070
• Equity at exit: $10,367

Cash invested: $33,572 (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: 294
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,407 high
• Mortgage (P&I): −$629
• Tax from tax record: −$211 /mo · $2,531/yr
• Insurance: −$50
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$295
• Net cashflow: $155

Break-even live

Break-even rent $1,210

Max offer price $119,900

Occupancy floor 84%

Sensitivity live

Price	-10% $223	-5% $189	+0% $155	+5% $121	+10% $87
Rent	-10% $44	-5% $100	+0% $155	+5% $211	+10% $266
Rate	-1.0pp $216	-0.5pp $186	base $155	+0.5pp $124	+1.0pp $93

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2202 16th Ave N Texas City, TX	2.0	1.5	860	$975	$1.13	12d	4	0.05mi
2418 14th Ave N Texas City, TX	3.0	2.0	1488	$1,775	$1.19	4d	1	0.25mi
1231 23rd St N Texas City, TX	4.0	2.0	1330	$1,500	$1.13	0d	1	0.28mi
1919 13th Ave N Texas City, TX	1.0–3.0	1.0–2.0	950	$1,499	$1.58	0d	4	0.38mi
2701 13th Ave N Unit C-C3 Texas City, TX	2.0	1.0	811	$1,189	$1.47	22d	1	0.56mi
2701 13th Ave N Unit C-C12 Texas City, TX	2.0	1.0	811	$1,222	$1.51	22d	1	0.56mi
2701 13th Ave N Unit H-H3 Texas City, TX	2.0	1.0	811	$1,250	$1.54	22d	1	0.56mi
2701 13th Ave N Unit K-K3 Texas City, TX	2.0	1.0	811	$1,099	$1.36	22d	1	0.56mi
2701 13th Ave N Unit E-E6 Texas City, TX	2.0	1.0	811	$1,137	$1.40	22d	1	0.56mi
2701 13th Ave N Unit B-B6 Texas City, TX	2.0	1.0	811	$1,239	$1.53	4d	1	0.56mi
2701 13th Ave N Unit J-J3 Texas City, TX	2.0	1.0	811	$1,287	$1.59	21d	1	0.56mi
2707 13th Ave N Texas City, TX	2.0	1.0	811	$1,257	$1.55	45d	1	0.57mi
2608 21st St N Texas City, TX	3.0	2.0	974	$1,400	$1.44	45d	1	0.64mi
2602 21st St N Texas City, TX	1.0–3.0	1.0–2.0	768	$1,450	$1.89	0d	44	0.71mi
2714 5th Ave N Texas City, TX	3.0	2.0	1382	$1,800	$1.30	45d	1	0.91mi
2526 3rd 1/2 Ave N Texas City, TX	3.0	2.0	1240	$1,550	$1.25	25d	1	0.91mi
2622 34th Ave N Texas City, TX	3.0	1.0	1476	$1,725	$1.17	45d	1	1.02mi
1116 11th St N Texas City, TX	2.0	1.0	1075	$1,129	$1.05	45d	1	1.09mi
3106 Danforth Dr Texas City, TX	3.0	1.0	1100	$1,800	$1.64	25d	1	1.11mi
1228 6th Ave N Unit 1 Texas City, TX	2.0	1.0	847	$945	$1.12	14d	1	1.13mi
1001 9th Ave N Texas City, TX	2.0	1.0	814	$1,250	$1.54	45d	1	1.28mi
1028 5th Ave N Unit 1 Texas City, TX	2.0	1.0	847	$945	$1.12	14d	1	1.31mi
701 22nd Ave N Texas City, TX	3.0	2.0	1011	$1,386	$1.37	45d	1	1.37mi
3404 9th Ave N Texas City, TX	1.0–2.0	1.0–2.0	721	$1,525	$2.11	0d	30	1.40mi
1112 1st Ave N Texas City, TX	2.0	1.0	847	$945	$1.12	23d	1	1.44mi
1114 1st Ave N Texas City, TX	2.0	1.0	847	$945	$1.12	23d	1	1.44mi
3507 25th Ave N Texas City, TX	2.0	2.0	855	$1,045	$1.22	45d	1	1.44mi

Listing history 12 events

1. 2026-05-06
   status Pending
2. 2026-04-25
   status Pending
3. 2026-04-14
   status Active
4. 2026-04-09
   status Pending
5. 2026-03-28
   status Pending
6. 2026-03-13
   price $119,900
7. 2025-12-13
   price $129,000
8. 2025-11-15
   listed $135,000 Active
9. 2025-11-14
   historical
10. 2025-11-05
    price $135,000
11. 2025-07-13
    listed $137,000 Active
12. 2016-03-08
    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: $2,531 · $211/mo
• Projected year-2 tax: $2,531 · $211/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 26 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: $16,882
• − Mortgage interest: −$6,716
• − Property taxes: −$2,531
• − Insurance: −$1,397
• − Repairs & maintenance: −$1,351
• − Management: −$1,351
• − Depreciation: −$3,488
• Taxable income: $48
• Est. tax owed @ 24.0%: −$12
• After-tax cash flow: $1,851/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

-12.5% since first listed

12 events — show timeline

• 2026-05-06 Pending — HARMLS
• 2026-04-25 Pending — HARMLS
• 2026-04-14 Relisted — HARMLS
• 2026-04-09 Pending — HARMLS
• 2026-03-28 Pending — HARMLS
• 2026-03-13 Price Changed $119,900 HARMLS
• 2025-12-13 Price Changed $129,000 HARMLS
• 2025-11-15 Listed $135,000 HARMLS
• 2025-11-14 Listing Removed — HARMLS
• 2025-11-05 Price Changed $135,000 HARMLS
• 2025-07-13 Listed $137,000 HARMLS
• 2016-03-08 Sold (Public Records) — Public Records

Property tax history

+3.1%/yr

Latest (2025): $2,531 · +11.6% YoY. Source: county tax records.