767 S Bowie St · Jasper, TX 75951

$55,000

2 bd · 1.0 ba · 1,052 sqft · SingleFamily public records · 85 Days on market

Built 1970 0.50 ac lot $52/sqft · 39% below area Est $95k · 42% under ↓ 12% since listing

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Why this score? — see what drove the B 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fixer-Upper Opportunity in City Limits! Great investment property situated on a large lot within city limits. This 2-bedroom, 1-bath home is full of potential for the right buyer. Whether you're looking for your next renovation project, rental investment, or affordable starter home to make your own, this property offers plenty of possibilities.

Key facts

• Large lot
• Investment property
• Rental investment

Tags

• LARGE LOT
• INVESTMENT PROPERTY
• RENOVATION PROJECT
• RENTAL INVESTMENT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $525 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $52k (6.0% below list) — sets the bar for market timing.
• Cap rate 17.7% vs local median 4.5% in Jasper — 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 58/100 on livability (#1,225 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: crime C-, amenities F, commute F.
• Jasper ISD (town): math 22% / reading 26% proficiency, ranked #734 of 826 in TX (top 89%) — 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: Jean C Few Pri (math 8% / reading 17%, grade F, #4,180 of 4,322 statewide, top 97%, 699 students, 91% FRL); Jasper J H (math 27% / reading 24%, grade F, #1,236 of 1,662 statewide, top 76%, 493 students, 83% FRL); Jasper H S (math 24% / reading 40%, grade F, #1,044 of 1,632 statewide, top 66%, 681 students, 76% FRL) — zoned schools average 83% FRL vs 66% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 309 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 45 units permitted in Jasper County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Jasper County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 85 days — a 6% lower offer ($52k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• 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 $51,700 (6.0% below list)

Questions for the listing agent

1. It's been on market 85 days. Have you received any prior offers? Is the seller open to a 6% 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. 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. 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.
7. 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.
8. 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: 2.06% ✓
• Cap rate: 17.75%
• Cash-on-cash: 40.91%
• DSCR: 2.82
• GRM: 4.0

CMA / ARV

• ARV (median comp): $95,000
• List price: $55,000
• Delta: -42.11%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 37.4%
• Equity multiple: 2.59×
• Total profit: $24,535
• Equity at exit: $8,201

10-year hold

• IRR: 44.0%
• Equity multiple: 5.19×
• Total profit: $64,464
• Equity at exit: $4,755

Cash invested: $15,400 (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 75951

• Active inventory: 309
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $1,133 high
• Mortgage (P&I): −$288
• Tax from tax record: −$59 /mo · $705/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$238
• Net cashflow: $525

Break-even live

Break-even rent $469

Max offer price $55,000

Occupancy floor 49%

Sensitivity live

Price	-10% $556	-5% $541	+0% $525	+5% $509	+10% $494
Rent	-10% $435	-5% $480	+0% $525	+5% $570	+10% $614
Rate	-1.0pp $553	-0.5pp $539	base $525	+0.5pp $511	+1.0pp $496

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
209 Cavin St Jasper, TX	3.0	1.0	1418	$1,300	$0.92	21d	1	0.17mi
700 Marvin Hancock Dr Jasper, TX	2.0	2.0–2.5	850	$948	$1.11	16d	4	0.39mi
702 Marvin Hancock Dr Unit 25 Jasper, TX	2.0	2.0	850	$895	$1.05	46d	1	0.41mi
469 Ogden St Jasper, TX	3.0	1.0	1344	$1,600	$1.19	16d	1	0.83mi
816 Ogden St Jasper, TX	3.0	1.0	1270	$1,095	$0.86	16d	1	0.97mi
801 W Gibson St Unit 108 Jasper, TX	2.0	2.0	900	$1,000	$1.11	21d	1	1.04mi
801 W Gibson St Unit 208 Jasper, TX	2.0	2.0	900	$900	$1.00	21d	1	1.04mi

Listing history 19 events

1. 2026-06-22
   days on market $55,000 Active 85 DOM
2. 2026-06-18
   days on market $55,000 Active 82 DOM
3. 2026-06-17
   days on market $55,000 Active 81 DOM
4. 2026-06-16
   days on market $55,000 Active 80 DOM
5. 2026-06-15
   days on market $55,000 Active 79 DOM
6. 2026-06-14
   days on market $55,000 Active 77 DOM
7. 2026-06-13
   days on market $55,000 Active 76 DOM
8. 2026-06-10
   days on market $55,000 Active 74 DOM
9. 2026-06-09
   days on market $55,000 Active 73 DOM
10. 2026-06-08
    days on market $55,000 Active 72 DOM
11. 2026-06-07
    days on market $55,000 Active 71 DOM
12. 2026-06-05
    days on market $55,000 Active 68 DOM
13. 2026-06-03
    days on market $55,000 Active 67 DOM
14. 2026-06-02
    days on market $55,000 Active 66 DOM
15. 2026-06-01
    days on market $55,000 Active 65 DOM
16. 2026-05-31
    days on market $55,000 Active 64 DOM
17. 2026-05-31
    days on market $55,000 Active 63 DOM
18. 2026-05-05
    price $55,000 346-char remark

    Show marketing remark (346 chars)

    Fixer-Upper Opportunity in City Limits! Great investment property situated on a large lot within city limits. This 2-bedroom, 1-bath home is full of potential for the right buyer. Whether you're looking for your next renovation project, rental investment, or affordable starter home to make your own, this property offers plenty of possibilities.

19. 2026-03-28
    listed $62,500 Active 346-char remark

    Show marketing remark (346 chars)

    Fixer-Upper Opportunity in City Limits! Great investment property situated on a large lot within city limits. This 2-bedroom, 1-bath home is full of potential for the right buyer. Whether you're looking for your next renovation project, rental investment, or affordable starter home to make your own, this property offers plenty of possibilities.

ⓘ 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: $705 · $59/mo
• Projected year-2 tax: $1,006 · $84/mo
• Expected delta: +$301/yr (+$25/mo · 42.7%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥111°F today · 22 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,596
• − Mortgage interest: −$3,081
• − Property taxes: −$705
• − Insurance: −$275
• − Repairs & maintenance: −$1,088
• − Management: −$1,088
• − Depreciation: −$1,600
• Taxable income: $5,760
• Est. tax owed @ 24.0%: −$1,382
• After-tax cash flow: $4,917/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: Jasper ISD
• NCES district ID: 4824630
• Math proficiency: 22% ▼ -12.00%
• Reading proficiency: 26% ▼ -8.00%
• Median HH income: $36,286
• Composite: 19.91/100
• National rank: #8684
• State rank: #734 of 826 in TX

Livability — Jasper

• Score: 58/100
• State rank: #1225
• US rank: #21385

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jasper, TX
• Population (ZIP): 15,267

Population outlook (Jasper County) Hauer SSP2

• Today (2025): 33,986 people
• By 2030: 32,965 · -3.0%
• By 2040: 30,908 · -9.1%
• By 2050: 28,893 · -15.0%
• By 2075: 24,828 · -26.9%
• By 2100: 19,987 · -41.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 60% Black 28% Two or more races 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 1% Slovak 1% Iranian 1%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 5% Tagalog/Filipino 1%

Political lean MEDSL · Jasper

• 2024 margin: Solid R (+66.6) · D 16.5% · R 83.1%
• 2008→2024 swing: -24.6pp toward R · 2008: -42.0pp · 2024: -66.6pp
• All cycles: 2024: R+66.6 2020: R+61.4 2016: R+59.9 2012: R+48.4 2008: R+42.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -83.56%
• Current HPI: 136.7972
• Rent YoY: —
• Metro: —
• 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

-12.0% since first listed

2 events — show timeline

• 2026-05-05 Price Changed $55,000 Deep East Texas MLS
• 2026-03-28 Listed $62,500 Deep East Texas MLS

Property tax history

-0.1%/yr

Latest (2025): $705 · +3.7% YoY. Source: county tax records.