202 N Logan St · Texas City, TX 77590

$159,880

3 bd · 1.5 ba · 1,314 sqft · SingleFamily public records · 42 Days on market

Built 1967 0.25 ac lot $122/sqft · 7% below area Est $172k · 7% under ↓ 10% 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 +19.6/30.0
• ARV discount +10.8/15.0
• DSCR +6.2/10.0
• 1% rule +5.5/10.0
• 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

3-bedroom remodeled corner lot home with separate garage apartment. Nice sized living room, completely remodeled kitchen, spacious laundry room. The 3 bedrooms have and plenty of natural light. New LVP in common areas new carpet only in the bedrooms. The garage apartment has its own kitchen, bathroom living and bedroom, its stands alone. Conveniently located near local schools, shopping, and major highways, making it ideal for everyday living or investment.

Key facts

• 0.25 acre lot
• Built 1967
• Listed 41 days

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Residential property; Single-story (first-floor living)
• Construction: Built in 1967; Wood siding exterior; Composition roof; Pillar/post/pier foundation
• Exterior features: Subdivision lot

Interior

• Kitchen: Kitchen on the first floor (~10 x 10)
• Bedrooms: Three bedrooms on the first floor (each ~10 x 10)
• Bathrooms: One full bathroom
• Heating & cooling: Central heating (gas); Central electric air conditioning
• Interior features: Five total rooms; First-floor layout

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $117 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $155k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.7% 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); 292 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 31% of the median local income ($66k/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.
• 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 42 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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

• 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 $155,083 (3.0% below list)

Questions for the listing agent

1. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1967 — 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. 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 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?
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: 1.05% ✓
• Cap rate: 7.67%
• Cash-on-cash: 4.91%
• DSCR: 1.22
• GRM: 7.9

CMA / ARV

• ARV (median comp): $172,462
• List price: $159,880
• Delta: -7.30%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
205 N Logan St	0.05mi	3/1.0	1,230 (-6%)	5mo	$130,000	$106	81
2814 6th Ave N	0.46mi	3/1.5	1,345 (+2%)	1mo	$220,000	$164	74
2913 Tarpey Ave	0.48mi	3/1.0	1,334 (+2%)	5mo	$110,000	$82	69
2131 6th Ave N	0.33mi	3/1.0	1,228 (-6%)	6mo	$169,000	$138	66
2906 Somerset Ave	0.58mi	3/2.0	1,297 (-1%)	3mo	$185,880	$143	66
2809 Fairfield Ave	0.46mi	3/2.5	1,363 (+4%)	4mo	$225,000	$165	65
1729 1st Ave N	0.54mi	4/2.0 (+1)	1,296 (-1%)	2mo	$169,000	$130	64
3009 Rust Ave	0.63mi	3/1.0	1,328 (+1%)	4mo	$79,999	$60	64
2929 8th Ave N	0.65mi	4/2.0 (+1)	1,307 (-0%)	2mo	$212,000	$162	60
2805 2nd Ave N	0.33mi	3/2.0	1,150 (-12%)	4mo	$197,000	$171	59
405 19th St N	0.45mi	3/2.0	1,437 (+9%)	3mo	$169,000	$118	59
3021 3rd Ave N	0.58mi	3/1.0	1,412 (+8%)	7mo	$196,900	$139	53

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: -9.0%
• Equity multiple: 0.66×
• Total profit: $-15,091
• Equity at exit: $23,839

10-year hold

• IRR: 3.1%
• Equity multiple: 1.24×
• Total profit: $10,822
• Equity at exit: $13,824

Cash invested: $44,766 (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: 292
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,678 high
• Mortgage (P&I): −$838
• Tax from tax record: −$237 /mo · $2,846/yr
• Insurance: −$67
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$352
• Net cashflow: $117

Break-even live

Break-even rent $1,530

Max offer price $159,880

Occupancy floor 88%

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: $39,970
• Closing costs: $4,796
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2526 3rd 1/2 Ave N Texas City, TX	3.0	2.0	1240	$1,550	$1.25	24d	1	0.14mi
2714 5th Ave N Texas City, TX	3.0	2.0	1382	$1,800	$1.30	43d	1	0.33mi
3106 Danforth Dr Texas City, TX	3.0	1.0	1100	$1,800	$1.64	24d	1	0.70mi
1919 13th Ave N Texas City, TX	1.0–3.0	1.0–2.0	950	$1,499	$1.58	2d	6	0.75mi
2418 14th Ave N Texas City, TX	3.0	2.0	1488	$1,775	$1.19	3d	1	0.80mi
3404 9th Ave N Texas City, TX	1.0–2.0	1.0–2.0	721	$1,525	$2.11	2d	34	1.16mi
1116 11th St N Texas City, TX	2.0	1.0	1075	$1,129	$1.05	43d	1	1.39mi
1115 Highway 146 N Texas City, TX	1.0–2.0	1.0–2.0	757	$1,350	$1.78	1d	9	1.48mi

Listing history 21 events

1. 2026-06-18
   days on market $159,880 Active 42 DOM
2. 2026-06-17
   days on market $159,880 Active 41 DOM
3. 2026-06-16
   days on market $159,880 Active 40 DOM
4. 2026-06-15
   days on market $159,880 Active 39 DOM
5. 2026-06-13
   days on market $159,880 Active 37 DOM
6. 2026-06-09
   days on market $159,880 Active 33 DOM
7. 2026-06-08
   days on market $159,880 Active 32 DOM
8. 2026-06-07
   days on market $159,880 Active 31 DOM
9. 2026-06-04
   days on market $159,880 Active 28 DOM
10. 2026-06-03
    days on market $159,880 Active 27 DOM
11. 2026-06-02
    days on market $159,880 Active 26 DOM
12. 2026-06-01
    days on market $159,880 Active 25 DOM
13. 2026-05-31
    days on market $159,880 Active 24 DOM
14. 2026-05-07
    historical
15. 2026-05-07
    listed $159,880 Active 461-char remark
16. 2026-04-26
    listed $900
17. 2026-04-17
    price $164,870
18. 2026-03-17
    price $174,810
19. 2026-02-10
    listed $178,210 Active
20. 2021-04-14
    soldstatus
21. 2002-05-20
    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: $2,846 · $237/mo
• Projected year-2 tax: $2,926 · $244/mo
• Expected delta: +$80/yr (+$7/mo · 2.8%)

ⓘ 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: $20,134
• − Mortgage interest: −$8,956
• − Property taxes: −$2,846
• − Insurance: −$1,597
• − Repairs & maintenance: −$1,611
• − Management: −$1,611
• − Depreciation: −$4,651
• Taxable loss: −$1,137
• Est. tax savings @ 24.0%: +$273
• After-tax cash flow: $1,675/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

-10.3% since first listed

9 events — show timeline

• 2026-06-13 Price Changed $850 HARMLS
• 2026-05-07 Listed $159,880 HARMLS
• 2026-05-07 Listing Removed — HARMLS
• 2026-04-26 Listed for Rent $900 HARMLS
• 2026-04-17 Price Changed $164,870 HARMLS
• 2026-03-17 Price Changed $174,810 HARMLS
• 2026-02-10 Listed $178,210 HARMLS
• 2021-04-14 Sold (Public Records) — Public Records
• 2002-05-20 Sold (Public Records) — Public Records

Property tax history

+12.7%/yr

Latest (2025): $2,846 · +21.8% YoY. Source: county tax records.