3230 Virginia St · La Marque, TX 77568

$137,900

3 bd · 1.0 ba · 984 sqft · SingleFamily public records · 220 Days on market

Built 1974 0.30 ac lot $140/sqft · 8% below area Est $190k · 28% 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 +21.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• 1% rule +6.2/10.0
• 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

Charming 3 bedroom 1 1/2 bath home situated on over 13,000 sq feet of land! Perfect for a starter home. The garage has been converted into an additional living space. Clean and pristine and ready for you to call home. Charming white picket fence. Plenty of room for a swimming pool and all of your toys! MAKE AN APPOINTMENT TO VIEW TODAY!

Key facts

• Converted garage
• White picket fence
• 0.3 acre lot

Tags

• CONVERTED GARAGE
• WHITE PICKET FENCE
• ADDITIONAL LIVING SPACE
• ROOM FOR SWIMMING POOL

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $138k.

Deal economics

• At list price, monthly cash flow is $203 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $138k).
• Recommended offer: $121k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.1% 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, schools F, crime 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 (+4.0%/yr); 654 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $953 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 220 days — a 12% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major 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 $121,352 (12.0% below list)

Questions for the listing agent

1. It's been on market 220 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 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.12% ✓
• Cap rate: 8.06%
• Cash-on-cash: 6.31%
• DSCR: 1.28
• GRM: 7.4

CMA / ARV

• ARV (median comp): $190,421
• List price: $137,900
• Delta: -27.58%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3213 Taylor St	0.07mi	3/1.5	1,013 (+3%)	12mo	$149,000	$147	80
329 S Westward St	0.43mi	2/1.0 (-1)	1,000 (+2%)	15mo	$159,900	$160	59
1225 Sacred Light Ln	0.39mi	2/1.0 (-1)	1,094 (+11%)	6mo	$235,990	$216	53
106 N Texas St	0.69mi	3/1.0	1,083 (+10%)	2mo	$120,000	$111	49
2610 Stonewall St	0.63mi	3/2.0	992 (+1%)	20mo	$179,000	$180	48
1317 Blue Moon Ln	0.39mi	2/2.0 (-1)	1,128 (+15%)	5mo	$249,990	$222	44
2901 N Houston Dr	0.66mi	2/1.0 (-1)	1,098 (+12%)	2mo	$105,000	$96	43
201 S Algeria St	0.66mi	3/2.0	1,115 (+13%)	22mo	$175,000	$157	25

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: -5.4%
• Equity multiple: 0.80×
• Total profit: $-7,856
• Equity at exit: $20,561

10-year hold

• IRR: 5.5%
• Equity multiple: 1.42×
• Total profit: $16,330
• Equity at exit: $11,923

Cash invested: $38,612 (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: 654
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,550 high
• Mortgage (P&I): −$723
• Tax from tax record: −$241 /mo · $2,891/yr
• Insurance: −$57
• HOA: −$0
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $203

Break-even live

Break-even rent $1,293

Max offer price $137,900

Occupancy floor 82%

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: $34,475
• Closing costs: $4,137
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
306 Lake Rd Unit B La Marque, TX	2.0	1.0	816	$995	$1.22	43d	1	0.78mi
1013 Margot St La Marque, TX	3.0	2.0	1099	$1,500	$1.36	18d	1	0.81mi
2328 Boss St La Marque, TX	2.0	1.0	848	$925	$1.09	12d	2	0.88mi
6607 Memorial Dr Texas City, TX	2.0	1.0	936	$1,200	$1.28	43d	1	1.18mi
2729 Main St La Marque, TX	2.0	1.0–2.0	864	$950	$1.10	1d	3	1.29mi
9001 Glacier Ave Texas City, TX	2.0	2.0	1062	$1,180	$1.11	15d	4	1.32mi
7561 Medical Center Dr Texas City, TX	2.0	2.0	892	$1,113	$1.25	43d	1	1.36mi

Listing history 35 events

1. 2026-06-18
   days on market $137,900 Active 220 DOM
2. 2026-06-17
   days on market $137,900 Active 219 DOM
3. 2026-06-16
   days on market $137,900 Active 218 DOM
4. 2026-06-15
   days on market $137,900 Active 217 DOM
5. 2026-06-13
   days on market $137,900 Active 215 DOM
6. 2026-06-09
   days on market $137,900 Active 211 DOM
7. 2026-06-08
   days on market $137,900 Active 210 DOM
8. 2026-06-07
   days on market $137,900 Active 209 DOM
9. 2026-06-04
   days on market $137,900 Active 206 DOM
10. 2026-06-03
    days on market $137,900 Active 205 DOM
11. 2026-06-02
    days on market $137,900 Active 204 DOM
12. 2026-06-01
    days on market $137,900 Active 203 DOM
13. 2026-05-31
    days on market $137,900 Active 202 DOM
14. 2026-05-06
    price $137,900 338-char remark

    Show marketing remark (338 chars)

    Charming 3 bedroom 1 1/2 bath home situated on over 13,000 sq feet of land! Perfect for a starter home. The garage has been converted into an additional living space. Clean and pristine and ready for you to call home. Charming white picket fence. Plenty of room for a swimming pool and all of your toys! MAKE AN APPOINTMENT TO VIEW TODAY!

15. 2026-04-16
    status Active 338-char remark

    Show marketing remark (338 chars)

    Charming 3 bedroom 1 1/2 bath home situated on over 13,000 sq feet of land! Perfect for a starter home. The garage has been converted into an additional living space. Clean and pristine and ready for you to call home. Charming white picket fence. Plenty of room for a swimming pool and all of your toys! MAKE AN APPOINTMENT TO VIEW TODAY!

16. 2026-04-14
    status Pending 338-char remark

    Show marketing remark (338 chars)

    Charming 3 bedroom 1 1/2 bath home situated on over 13,000 sq feet of land! Perfect for a starter home. The garage has been converted into an additional living space. Clean and pristine and ready for you to call home. Charming white picket fence. Plenty of room for a swimming pool and all of your toys! MAKE AN APPOINTMENT TO VIEW TODAY!

17. 2026-04-07
    status Pending 338-char remark

    Show marketing remark (338 chars)

    Charming 3 bedroom 1 1/2 bath home situated on over 13,000 sq feet of land! Perfect for a starter home. The garage has been converted into an additional living space. Clean and pristine and ready for you to call home. Charming white picket fence. Plenty of room for a swimming pool and all of your toys! MAKE AN APPOINTMENT TO VIEW TODAY!

18. 2026-01-21
    price $139,900 338-char remark

    Show marketing remark (338 chars)

    Charming 3 bedroom 1 1/2 bath home situated on over 13,000 sq feet of land! Perfect for a starter home. The garage has been converted into an additional living space. Clean and pristine and ready for you to call home. Charming white picket fence. Plenty of room for a swimming pool and all of your toys! MAKE AN APPOINTMENT TO VIEW TODAY!

19. 2025-11-07
    listed $144,900 Active 338-char remark

    Show marketing remark (338 chars)

    Charming 3 bedroom 1 1/2 bath home situated on over 13,000 sq feet of land! Perfect for a starter home. The garage has been converted into an additional living space. Clean and pristine and ready for you to call home. Charming white picket fence. Plenty of room for a swimming pool and all of your toys! MAKE AN APPOINTMENT TO VIEW TODAY!

20. 2025-10-09
    historical
21. 2025-07-29
    listed $149,900 Active
22. 2025-07-11
    historical
23. 2025-07-02
    price $152,900
24. 2025-06-09
    price $154,900
25. 2025-05-29
    price $159,900
26. 2025-05-19
    price $162,900
27. 2025-05-19
    historical $1,350
28. 2025-04-01
    price $164,900
29. 2025-03-06
    listed $1,350
30. 2025-03-05
    listed $169,900 Active
31. 2024-11-16
    historical $1,350
32. 2024-11-14
    listed $1,350
33. 2020-02-17
    historical
34. 2020-02-07
    listed $119,900 Active
35. 2012-10-18
    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: $2,891 · $241/mo
• Projected year-2 tax: $2,891 · $241/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 6/10 Major FEMA zone X (shaded) · 70% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥110°F today · 27 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: $18,601
• − Mortgage interest: −$7,725
• − Property taxes: −$2,891
• − Insurance: −$690
• − Repairs & maintenance: −$1,488
• − Management: −$1,488
• − Depreciation: −$4,012
• Taxable income: $308
• Est. tax owed @ 24.0%: −$74
• After-tax cash flow: $2,362/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

+15.0% since first listed

22 events — show timeline

• 2026-05-06 Price Changed $137,900 HARMLS
• 2026-04-16 Relisted — HARMLS
• 2026-04-14 Pending — HARMLS
• 2026-04-07 Pending — HARMLS
• 2026-01-21 Price Changed $139,900 HARMLS
• 2025-11-07 Listed $144,900 HARMLS
• 2025-10-09 Listing Removed — HARMLS
• 2025-07-29 Listed $149,900 HARMLS
• 2025-07-11 Listing Removed — HARMLS
• 2025-07-02 Price Changed $152,900 HARMLS
• 2025-06-09 Price Changed $154,900 HARMLS
• 2025-05-29 Price Changed $159,900 HARMLS
• 2025-05-19 Price Changed $162,900 HARMLS
• 2025-05-19 Rental Removed $1,350 HARMLS
• 2025-04-01 Price Changed $164,900 HARMLS
• 2025-03-06 Listed for Rent $1,350 HARMLS
• 2025-03-05 Listed $169,900 HARMLS
• 2024-11-16 Rental Removed $1,350 HARMLS
• 2024-11-14 Listed for Rent $1,350 HARMLS
• 2020-02-17 Listing Removed — HARMLS
• 2020-02-07 Listed $119,900 HARMLS
• 2012-10-18 Sold (Public Records) — Public Records

Property tax history

+8.5%/yr

Latest (2025): $2,891 · -4.9% YoY. Source: county tax records.