1208 N Logan St · Texas City, TX 77590

$99,000

2 bd · 1.5 ba · 500 sqft · Condo public records · 244 Days on market

Built 1980 $198/sqft · 64% above area Est $121k · 18% under $35/mo HOA · 3% of rent

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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 +23.3/30.0
• ARV discount +15.0/15.0
• DSCR +7.5/10.0
• 1% rule +6.8/10.0
• 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

Welcome to this 2-bedroom, 1.5-bath condominium located in a peaceful area off Palmer Highway. This unit is offered AS IS, WHERE IS and will be delivered vacant as of March 6. Features include a cozy fireplace, all kitchen appliances, and a stackable washer/dryer included. The primary bedroom boasts French doors that open to a space suitable for a small patio. Showings require 24-hour notice. All room measurements are approximate.

Key facts

• $35 HOA
• Built 1980
• Listed 244 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $99k.

Deal economics

• At list price, monthly cash flow is $115 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $99k).
• Recommended offer: $87k (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+, 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); 296 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 $684 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.

Negotiation context

• It's been on market 244 days — a 12% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y ago; this cycle's ask has dropped $11k (10%) 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→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $87,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 244 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
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 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: 1.18% ✓
• Cap rate: 8.49%
• Cash-on-cash: 7.83%
• DSCR: 1.35
• GRM: 7.1

CMA / ARV

• ARV (median comp): $120,833
• List price: $99,000
• Delta: -18.07%
• Verdict: UNDERPRICED
• Comps: 4 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.91% rent growth · sell at horizon

5-year hold

• IRR: -6.1%
• Equity multiple: 0.77×
• Total profit: $-6,378
• Equity at exit: $14,761

10-year hold

• IRR: 6.1%
• Equity multiple: 1.50×
• Total profit: $13,933
• Equity at exit: $8,560

Cash invested: $27,720 (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: 296
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,163 high
• Mortgage (P&I): −$519
• Tax from tax record: −$143 /mo · $1,713/yr
• Insurance: −$41
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$35
• Vacancy / Maint / Mgmt: −$244
• Net cashflow: $115

Break-even live

Break-even rent $1,019

Max offer price $99,000

Occupancy floor 85%

Sensitivity live

Price	-10% $171	-5% $143	+0% $115	+5% $87	+10% $58
Rent	-10% $23	-5% $69	+0% $115	+5% $160	+10% $206
Rate	-1.0pp $164	-0.5pp $140	base $115	+0.5pp $89	+1.0pp $63

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2701 13th Ave N Unit D-D16 Texas City, TX	1.0	1.0	656	$999	$1.52	19d	1	0.23mi
2701 13th Ave N Unit K-K8 Texas City, TX	1.0	1.0	656	$985	$1.50	22d	1	0.23mi
2701 13th Ave N Unit F-F7 Texas City, TX	1.0	1.0	656	$1,060	$1.62	22d	1	0.23mi
1919 13th Ave N Texas City, TX	1.0–3.0	1.0–2.0	950	$1,239	$1.30	0d	4	0.44mi
2101 6th Ave N Unit 8 Texas City, TX	1.0	1.0	600	$825	$1.38	26d	1	0.53mi
3404 9th Ave N Texas City, TX	1.0–2.0	1.0–2.0	721	$1,525	$2.11	0d	30	1.06mi
2602 21st St N Texas City, TX	1.0–3.0	1.0–2.0	768	$1,175	$1.53	0d	44	1.11mi
2026 36th St N Texas City, TX	1.0	1.0	575	$919	$1.60	45d	1	1.25mi
1115 Highway 146 N Texas City, TX	1.0–2.0	1.0–2.0	757	$1,350	$1.78	0d	8	1.35mi

HOA detail condo

• Monthly dues: $35 · $420/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 27 events

1. 2026-06-21
   days on market $99,000 Active 244 DOM
2. 2026-06-18
   days on market $99,000 Active 241 DOM
3. 2026-06-17
   days on market $99,000 Active 240 DOM
4. 2026-06-16
   days on market $99,000 Active 239 DOM
5. 2026-06-15
   days on market $99,000 Active 238 DOM
6. 2026-06-13
   days on market $99,000 Active 236 DOM
7. 2026-06-09
   days on market $99,000 Active 232 DOM
8. 2026-06-08
   days on market $99,000 Active 231 DOM
9. 2026-06-07
   days on market $99,000 Active 230 DOM
10. 2026-06-04
    days on market $99,000 Active 227 DOM
11. 2026-06-03
    days on market $99,000 Active 226 DOM
12. 2026-06-02
    days on market $99,000 Active 225 DOM
13. 2026-06-01
    days on market $99,000 Active 224 DOM
14. 2026-05-31
    days on market $99,000 Active 223 DOM
15. 2026-05-01
    status Active 434-char remark

    Show marketing remark (434 chars)

    Welcome to this 2-bedroom, 1.5-bath condominium located in a peaceful area off Palmer Highway. This unit is offered AS IS, WHERE IS and will be delivered vacant as of March 6. Features include a cozy fireplace, all kitchen appliances, and a stackable washer/dryer included. The primary bedroom boasts French doors that open to a space suitable for a small patio. Showings require 24-hour notice. All room measurements are approximate.

16. 2026-04-30
    historical 434-char remark

    Show marketing remark (434 chars)

    Welcome to this 2-bedroom, 1.5-bath condominium located in a peaceful area off Palmer Highway. This unit is offered AS IS, WHERE IS and will be delivered vacant as of March 6. Features include a cozy fireplace, all kitchen appliances, and a stackable washer/dryer included. The primary bedroom boasts French doors that open to a space suitable for a small patio. Showings require 24-hour notice. All room measurements are approximate.

17. 2026-02-22
    status Active 434-char remark

    Show marketing remark (434 chars)

    Welcome to this 2-bedroom, 1.5-bath condominium located in a peaceful area off Palmer Highway. This unit is offered AS IS, WHERE IS and will be delivered vacant as of March 6. Features include a cozy fireplace, all kitchen appliances, and a stackable washer/dryer included. The primary bedroom boasts French doors that open to a space suitable for a small patio. Showings require 24-hour notice. All room measurements are approximate.

18. 2026-02-17
    status Pending 434-char remark

    Show marketing remark (434 chars)

    Welcome to this 2-bedroom, 1.5-bath condominium located in a peaceful area off Palmer Highway. This unit is offered AS IS, WHERE IS and will be delivered vacant as of March 6. Features include a cozy fireplace, all kitchen appliances, and a stackable washer/dryer included. The primary bedroom boasts French doors that open to a space suitable for a small patio. Showings require 24-hour notice. All room measurements are approximate.

19. 2025-11-18
    price $99,000 434-char remark

    Show marketing remark (434 chars)

    Welcome to this 2-bedroom, 1.5-bath condominium located in a peaceful area off Palmer Highway. This unit is offered AS IS, WHERE IS and will be delivered vacant as of March 6. Features include a cozy fireplace, all kitchen appliances, and a stackable washer/dryer included. The primary bedroom boasts French doors that open to a space suitable for a small patio. Showings require 24-hour notice. All room measurements are approximate.

20. 2025-10-14
    listed $110,000 Active 434-char remark

    Show marketing remark (434 chars)

    Welcome to this 2-bedroom, 1.5-bath condominium located in a peaceful area off Palmer Highway. This unit is offered AS IS, WHERE IS and will be delivered vacant as of March 6. Features include a cozy fireplace, all kitchen appliances, and a stackable washer/dryer included. The primary bedroom boasts French doors that open to a space suitable for a small patio. Showings require 24-hour notice. All room measurements are approximate.

21. 2023-08-04
    soldstatus
22. 2023-06-16
    soldstatus
23. 2022-07-28
    soldstatus
24. 2017-08-21
    soldstatus Sold 300-char remark

    Show marketing remark (300 chars)

    THIS IS A NICE 2 BEDROOM 1 AND 1/2 BATH IN QUIET AREA OFF PALMER HIGHWAY. SELLING AS IS WHERE IS. HAS A FIREPLACE. ALL APPLIANCES STAY INCLUDING STACKABLE WASHER/DRYER. MASTER BEDROOM HAS FRENCH DOORS THAT LEAD OUT TO WHAT COULD BE A SMALL PATIO. HAS A STORAGE UNIT ALSO. ALL MEASUREMENTS ARE APPROX.

25. 2017-08-21
    soldstatus

    Show marketing remark (300 chars)

    THIS IS A NICE 2 BEDROOM 1 AND 1/2 BATH IN QUIET AREA OFF PALMER HIGHWAY. SELLING AS IS WHERE IS. HAS A FIREPLACE. ALL APPLIANCES STAY INCLUDING STACKABLE WASHER/DRYER. MASTER BEDROOM HAS FRENCH DOORS THAT LEAD OUT TO WHAT COULD BE A SMALL PATIO. HAS A STORAGE UNIT ALSO. ALL MEASUREMENTS ARE APPROX.

26. 2017-08-10
    status Pending 300-char remark

    Show marketing remark (300 chars)

    THIS IS A NICE 2 BEDROOM 1 AND 1/2 BATH IN QUIET AREA OFF PALMER HIGHWAY. SELLING AS IS WHERE IS. HAS A FIREPLACE. ALL APPLIANCES STAY INCLUDING STACKABLE WASHER/DRYER. MASTER BEDROOM HAS FRENCH DOORS THAT LEAD OUT TO WHAT COULD BE A SMALL PATIO. HAS A STORAGE UNIT ALSO. ALL MEASUREMENTS ARE APPROX.

27. 2017-07-21
    listed $60,000 Active 300-char remark

    Show marketing remark (300 chars)

    THIS IS A NICE 2 BEDROOM 1 AND 1/2 BATH IN QUIET AREA OFF PALMER HIGHWAY. SELLING AS IS WHERE IS. HAS A FIREPLACE. ALL APPLIANCES STAY INCLUDING STACKABLE WASHER/DRYER. MASTER BEDROOM HAS FRENCH DOORS THAT LEAD OUT TO WHAT COULD BE A SMALL PATIO. HAS A STORAGE UNIT ALSO. ALL MEASUREMENTS ARE APPROX.

ⓘ 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: $1,713 · $143/mo
• Projected year-2 tax: $1,812 · $151/mo
• Expected delta: +$99/yr (+$8/mo · 5.8%)

ⓘ 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 · 27 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: $13,962
• − Mortgage interest: −$5,546
• − Property taxes: −$1,713
• − Insurance: −$1,292
• − Repairs & maintenance: −$1,117
• − Management: −$1,117
• − HOA: −$420
• − Depreciation: −$2,880
• Taxable loss: −$123
• Est. tax savings @ 24.0%: +$30
• After-tax cash flow: $1,404/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

+65.0% since first listed

13 events — show timeline

• 2026-05-01 Relisted — HARMLS
• 2026-04-30 Listing Removed — HARMLS
• 2026-02-22 Relisted — HARMLS
• 2026-02-17 Pending — HARMLS
• 2025-11-18 Price Changed $99,000 HARMLS
• 2025-10-14 Listed $110,000 HARMLS
• 2023-08-04 Sold (Public Records) — Public Records
• 2023-06-16 Sold (Public Records) — Public Records
• 2022-07-28 Sold (Public Records) — Public Records
• 2017-08-21 Sold (Public Records) — Public Records
• 2017-08-21 Sold (MLS) — HARMLS
• 2017-08-10 Pending — HARMLS
• 2017-07-21 Listed $60,000 HARMLS

Property tax history

+4.9%/yr

Latest (2025): $1,713 · +5.6% YoY. Source: county tax records.