3413 Glen Haven Dr · Bay City, TX 77414

$169,900

3 bd · 2.0 ba · 1,651 sqft · SingleFamily public records · 192 Days on market

Built 1983 9,365 sqft lot $103/sqft · 17% below area Est $205k · 17% under ↓ 5% since listing

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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).

• ARV discount +15.0/15.0
• Cash flow +8.7/30.0
• 1% rule +4.0/10.0
• Livability +3.6/5.0
• Rent growth +3.3/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• DSCR +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3 bedroom, 2-bath home is located in a sought after neighborhood and offers a spacious kitchen and dining area, perfect for everyday living and entertaining. The home features a covered patio and a good size backyard, ideal for outdoor enjoyment. With cosmetic updates needed, this property presents a great opportunity to personalize and add value in a fantastic location. Motivated Sellers.

Key facts

• Spacious kitchen
• Dining area
• Covered patio

Tags

• SPACIOUS KITCHEN
• DINING AREA
• COVERED PATIO
• GOOD SIZE BACKYARD
• COSMETIC UPDATES
• FANTASTIC LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $-142 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $145k (14.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $152k (10.4% below list).
• Recommended offer: $145k (14.8% below list) — sets the bar for cash-flow.
• Cap rate 5.3% vs local median 3.4% in Bay 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 71/100 on livability (#311 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools F, crime F, commute F.
• Bay City ISD (town): math 31% / reading 31% proficiency, ranked #604 of 826 in TX (top 73%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.3%/yr); 622 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 153 units permitted in Matagorda County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($59k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 192 days — a 12% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $144,779 (14.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 192 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.90% ✗
• Cap rate: 5.29%
• Cash-on-cash: -3.59%
• DSCR: 0.84
• GRM: 9.3

CMA / ARV

• ARV (median comp): $204,553
• List price: $169,900
• Delta: -16.94%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3800 Holly Glen Dr	0.24mi	3/2.0	1,881 (+14%)	3mo	$257,100	$137	63
3633 County Road 211 Sparks Rd	0.46mi	3/2.5	1,845 (+12%)	2mo	$110,000	$60	55
3712 4th St	0.73mi	4/2.0 (+1)	1,512 (-8%)	12mo	$189,000	$125	37

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 · 3.28% rent growth · sell at horizon

5-year hold

• IRR: -21.8%
• Equity multiple: 0.24×
• Total profit: $-36,030
• Equity at exit: $25,333

10-year hold

• IRR: -14.7%
• Equity multiple: 0.14×
• Total profit: $-40,742
• Equity at exit: $14,690

Cash invested: $47,572 (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 77414

• Home prices YoY: -17.7%
• Rents YoY: 3.3%
• Active inventory: 622
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,522 medium
• Mortgage (P&I): −$891
• Tax from tax record: −$383 /mo · $4,597/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$320
• Net cashflow: $-142

Break-even live

Break-even rent $1,702

Max offer price $144,779

Occupancy floor —

Sensitivity live

Price	-10% $-46	-5% $-94	+0% $-142	+5% $-190	+10% $-238
Rent	-10% $-262	-5% $-202	+0% $-142	+5% $-82	+10% $-22
Rate	-1.0pp $-57	-0.5pp $-99	base $-142	+0.5pp $-186	+1.0pp $-231

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: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2824 4th St Bay City, TX	4.0	2.0	1524	$1,800	$1.18	44d	1	1.07mi
2600 Avenue K Bay City, TX	3.0	2.0	1277	$1,665	$1.30	44d	1	1.43mi
1417 Highland Dr Bay City, TX	3.0	2.0	1662	$1,600	$0.96	44d	1	1.49mi

Listing history 22 events

1. 2026-06-21
   days on market $169,900 Active 192 DOM
2. 2026-06-19
   days on market $169,900 Active 190 DOM
3. 2026-06-18
   days on market $169,900 Active 189 DOM
4. 2026-06-17
   days on market $169,900 Active 188 DOM
5. 2026-06-16
   days on market $169,900 Active 187 DOM
6. 2026-06-15
   days on market $169,900 Active 186 DOM
7. 2026-06-14
   days on market $169,900 Active 184 DOM
8. 2026-06-12
   days on market $169,900 Active 183 DOM
9. 2026-06-08
   days on market $169,900 Active 180 DOM
10. 2026-06-07
    days on market $169,900 Active 179 DOM
11. 2026-06-07
    days on market $169,900 Active 178 DOM
12. 2026-06-02
    days on market $169,900 Active 174 DOM
13. 2026-06-01
    days on market $169,900 Active 173 DOM
14. 2026-05-31
    days on market $169,900 Active 172 DOM
15. 2026-05-30
    days on market $169,900 Active 171 DOM
16. 2026-04-08
    price $179,900 398-char remark

    Show marketing remark (398 chars)

    This 3 bedroom, 2-bath home is located in a sought after neighborhood and offers a spacious kitchen and dining area, perfect for everyday living and entertaining. The home features a covered patio and a good size backyard, ideal for outdoor enjoyment. With cosmetic updates needed, this property presents a great opportunity to personalize and add value in a fantastic location. Motivated Sellers.

17. 2026-03-28
    price $185,000 398-char remark

    Show marketing remark (398 chars)

    This 3 bedroom, 2-bath home is located in a sought after neighborhood and offers a spacious kitchen and dining area, perfect for everyday living and entertaining. The home features a covered patio and a good size backyard, ideal for outdoor enjoyment. With cosmetic updates needed, this property presents a great opportunity to personalize and add value in a fantastic location. Motivated Sellers.

18. 2026-03-26
    status Active 398-char remark

    Show marketing remark (398 chars)

    This 3 bedroom, 2-bath home is located in a sought after neighborhood and offers a spacious kitchen and dining area, perfect for everyday living and entertaining. The home features a covered patio and a good size backyard, ideal for outdoor enjoyment. With cosmetic updates needed, this property presents a great opportunity to personalize and add value in a fantastic location. Motivated Sellers.

19. 2026-03-24
    historical 398-char remark

    Show marketing remark (398 chars)

    This 3 bedroom, 2-bath home is located in a sought after neighborhood and offers a spacious kitchen and dining area, perfect for everyday living and entertaining. The home features a covered patio and a good size backyard, ideal for outdoor enjoyment. With cosmetic updates needed, this property presents a great opportunity to personalize and add value in a fantastic location. Motivated Sellers.

20. 2026-03-24
    price $191,000 398-char remark

    Show marketing remark (398 chars)

    This 3 bedroom, 2-bath home is located in a sought after neighborhood and offers a spacious kitchen and dining area, perfect for everyday living and entertaining. The home features a covered patio and a good size backyard, ideal for outdoor enjoyment. With cosmetic updates needed, this property presents a great opportunity to personalize and add value in a fantastic location. Motivated Sellers.

21. 2026-01-14
    price $188,000 398-char remark

    Show marketing remark (398 chars)

    This 3 bedroom, 2-bath home is located in a sought after neighborhood and offers a spacious kitchen and dining area, perfect for everyday living and entertaining. The home features a covered patio and a good size backyard, ideal for outdoor enjoyment. With cosmetic updates needed, this property presents a great opportunity to personalize and add value in a fantastic location. Motivated Sellers.

22. 2025-12-08
    listed $190,000 Active 398-char remark

    Show marketing remark (398 chars)

    This 3 bedroom, 2-bath home is located in a sought after neighborhood and offers a spacious kitchen and dining area, perfect for everyday living and entertaining. The home features a covered patio and a good size backyard, ideal for outdoor enjoyment. With cosmetic updates needed, this property presents a great opportunity to personalize and add value in a fantastic location. Motivated Sellers.

ⓘ 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: $4,597 · $383/mo
• Projected year-2 tax: $4,597 · $383/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,268
• − Mortgage interest: −$9,517
• − Property taxes: −$4,597
• − Insurance: −$850
• − Repairs & maintenance: −$1,461
• − Management: −$1,461
• − Depreciation: −$4,943
• Taxable loss: −$4,561
• Est. tax savings @ 24.0%: +$1,095
• After-tax cash flow: $-612/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: Bay City ISD
• NCES district ID: 4809630
• Math proficiency: 31% ▼ -8.00%
• Reading proficiency: 31% ▼ -3.00%
• Median HH income: $43,285
• Composite: 26.4/100
• National rank: #7229
• State rank: #604 of 826 in TX

Livability — Bay City

• Score: 71/100
• State rank: #311
• US rank: #7004

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bay City, TX
• County: Matagorda County · 24,334 people
• City population: 24,334
• Metro: Bay City, TX
• Population (ZIP): 24,334
• Household income: $59,128
• Rent vs Own: 41.6% rent · 58.4% own
• Severe rent burden: 1228.0

Population outlook (Matagorda County) Hauer SSP2

• Today (2025): 37,148 people
• By 2030: 37,082 · -0.2%
• By 2040: 36,987 · -0.4%
• By 2050: 36,934 · -0.6%
• By 2075: 37,178 · +0.1%
• By 2100: 35,184 · -5.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Hispanic / Latino 43% White 39% Black 13% Two or more races 13% Asian 2%
• Hispanic origin (detail): Mexican 37% Puerto Rican 1%
• Common ancestry: Lithuanian 1% Slovak 1% Serbian 1%
• Foreign-born: 12% · Canada
• Languages at home: 71% English-only · Spanish 26% Other Indo-European 2% German/W. Germanic 1%

Political lean MEDSL · Matagorda

• 2024 margin: Solid R (+50.5) · D 24.3% · R 74.8%
• 2008→2024 swing: -23.1pp toward R · 2008: -27.4pp · 2024: -50.5pp
• All cycles: 2024: R+50.5 2020: R+44.5 2016: R+40.7 2012: R+33.5 2008: R+27.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -36.31%
• Current HPI: 168.9985
• Rent YoY: ▲ 3.28%
• Metro: Bay City, 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

-5.3% since first listed

7 events — show timeline

• 2026-04-08 Price Changed $179,900 HARMLS
• 2026-03-28 Price Changed $185,000 HARMLS
• 2026-03-26 Relisted — HARMLS
• 2026-03-24 Price Changed $191,000 HARMLS
• 2026-03-24 Listing Removed — HARMLS
• 2026-01-14 Price Changed $188,000 HARMLS
• 2025-12-08 Listed $190,000 HARMLS

Property tax history

+2.8%/yr

Latest (2025): $4,597 · -2.0% YoY. Source: county tax records.