314 N Sparrow Way · Texas City, TX 77591

$114,950

3 bd · 1.5 ba · 1,206 sqft · SingleFamily public records · 54 Days on market

Built 1979 6,952 sqft lot $95/sqft · 35% below area Est $176k · 35% under ↓ 5% 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 +24.3/30.0
• ARV discount +15.0/15.0
• 1% rule +7.9/10.0
• DSCR +7.8/10.0
• 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

It has great potential! Step inside this single story home offering a comfortable layout with approximately 1,206 sq ft of living space. With a fully brick exterior, the home features a welcoming living room at the front, a spacious den that connects directly to the kitchen, and an efficient galley style kitchen with convenient access to the dining area. The primary bedroom includes a private half bath, while the two secondary bedrooms are well sized and located near the full hall bathroom. The home sits on a generously sized lot with a wide front yard, driveway parking, and a backyard suitable for outdoor use. Located just minutes from Palmer Highway, this property offers easy access to l

Key facts

• Private half bath
• Generously sized lot
• Fully brick exterior

Tags

• FULLY BRICK EXTERIOR
• WELCOMING LIVING ROOM
• SPACIOUS DEN
• EFFICIENT GALLEY STYLE KITCHEN
• PRIVATE HALF BATH
• GENEROUSLY SIZED LOT

Property features AI

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Residential property; Faces west; Single-story (entry level: first floor)
• Construction: Built in 1979; Brick and vinyl siding exterior; Composition roof; Slab foundation
• Exterior features: Subdivision lot; Lot dimensions approximately 116 x 60

Interior

• Kitchen: Kitchen on first floor (9 x 11)
• Bedrooms: Primary bedroom on first floor (12 x 14); Bedroom on first floor (12 x 12); Bedroom on first floor (12 x 12)
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Primary bathroom with tub/shower

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $231 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $112k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.7% 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: Simms El (math 23% / reading 24%, grade F, #3,247 of 4,322 statewide, top 76%, 475 students, 89% FRL); La Marque H S (math 27% / reading 20%, grade F, #1,342 of 1,632 statewide, top 82%, 647 students, 91% FRL) — zoned schools average 90% FRL vs 66% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.7%/yr); 240 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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 $794 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.
• At projected returns (-3.0% appreciation + 4.7% rent growth), your $32k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 54 days — a 3% lower offer ($112k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price.
• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $111,501 (3.0% below list)

Questions for the listing agent

1. It's been on market 54 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 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.29% ✓
• Cap rate: 8.70%
• Cash-on-cash: 8.61%
• DSCR: 1.38
• GRM: 6.4

CMA / ARV

• ARV (median comp): $175,965
• List price: $114,950
• Delta: -34.67%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7011 Anderson St	0.09mi	3/1.0	1,176 (-2%)	1mo	$80,000	$68	89
7211 Mockingbird Ln	0.06mi	3/1.5	1,300 (+8%)	2mo	$187,600	$144	83
7305 Carver Ave	0.26mi	3/2.0	1,242 (+3%)	6mo	$189,900	$153	76
106 N Texas St	0.22mi	3/1.0	1,083 (-10%)	2mo	$120,000	$111	69
7214 Whippoorwill Ln	0.25mi	4/2.0 (+1)	1,292 (+7%)	2mo	$128,000	$99	68
110 N Texas St	0.22mi	2/2.0 (-1)	1,327 (+10%)	1mo	$162,250	$122	66
111 S Fulton St	0.30mi	2/2.0 (-1)	1,327 (+10%)	2mo	$175,000	$132	61
6618 Park Ave	0.30mi	3/2.5	1,362 (+13%)	5mo	$204,900	$150	56
118 Brown St	0.73mi	3/1.0	1,275 (+6%)	1mo	$205,000	$161	54
6118 Anderson	0.63mi	3/1.0	1,117 (-7%)	5mo	$149,678	$134	52
6101 Diamond Ct	0.65mi	2/2.0 (-1)	1,278 (+6%)	5mo	$155,000	$121	49
208 Preston St	0.74mi	3/1.0	1,364 (+13%)	1mo	$157,999	$116	41

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 · 4.67% rent growth · sell at horizon

5-year hold

• IRR: -1.0%
• Equity multiple: 0.96×
• Total profit: $-1,266
• Equity at exit: $17,139

10-year hold

• IRR: 10.6%
• Equity multiple: 1.90×
• Total profit: $29,090
• Equity at exit: $9,939

Cash invested: $32,186 (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 77591

• Home prices YoY: -5.6%
• Rents YoY: 4.7%
• Active inventory: 240
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,488 high
• Mortgage (P&I): −$603
• Tax from tax record: −$294 /mo · $3,529/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$313
• Net cashflow: $231

Break-even live

Break-even rent $1,196

Max offer price $114,950

Occupancy floor 79%

Sensitivity live

Price	-10% $296	-5% $263	+0% $231	+5% $198	+10% $166
Rent	-10% $113	-5% $172	+0% $231	+5% $290	+10% $348
Rate	-1.0pp $289	-0.5pp $260	base $231	+0.5pp $201	+1.0pp $171

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: $28,738
• Closing costs: $3,448
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7510 Hummingbird Ln Texas City, TX	3.0	1.5	1200	$1,550	$1.29	4d	1	0.40mi
6607 Memorial Dr Texas City, TX	2.0	1.0	936	$1,200	$1.28	45d	1	0.40mi
7561 Medical Center Dr Texas City, TX	2.0	2.0	892	$1,113	$1.25	45d	1	0.59mi
619 N Vionett Ln Texas City, TX	3.0	2.0	1204	$1,550	$1.29	6d	1	0.87mi
309 S Bell Dr Texas City, TX	2.0	2.0	1316	$1,650	$1.25	45d	1	0.95mi
306 Lake Rd Unit B La Marque, TX	2.0	1.0	816	$995	$1.22	45d	1	1.06mi
2328 Boss St La Marque, TX	2.0	1.0	848	$925	$1.09	13d	2	1.18mi
9001 Glacier Ave Texas City, TX	2.0	2.0	1062	$1,180	$1.11	0d	4	1.23mi
1006 E Camp Cir La Marque, TX	3.0	1.0	1230	$1,500	$1.22	25d	1	1.27mi
203 Beatrice St La Marque, TX	3.0	1.0	1304	$1,395	$1.07	25d	1	1.31mi
1013 Margot St La Marque, TX	3.0	2.0	1099	$1,500	$1.36	20d	1	1.36mi
8807 Emmett F Lowry Expy Texas City, TX	2.0	2.0	987	$1,105	$1.12	45d	1	1.37mi

Listing history 15 events

1. 2026-06-21
   days on market $114,950 Active 54 DOM
2. 2026-06-18
   days on market $114,950 Active 51 DOM
3. 2026-06-17
   days on market $114,950 Active 50 DOM
4. 2026-06-16
   days on market $114,950 Active 49 DOM
5. 2026-06-15
   days on market $114,950 Active 48 DOM
6. 2026-06-13
   days on market $114,950 Active 46 DOM
7. 2026-06-09
   days on market $114,950 Active 42 DOM
8. 2026-06-08
   days on market $114,950 Active 41 DOM
9. 2026-06-07
   days on market $114,950 Active 40 DOM
10. 2026-06-04
    days on market $114,950 Active 37 DOM
11. 2026-06-03
    days on market $114,950 Active 36 DOM
12. 2026-06-02
    days on market $114,950 Active 35 DOM
13. 2026-06-01
    days on market $114,950 Active 34 DOM
14. 2026-05-31
    days on market $114,950 Active 33 DOM
15. 2026-04-28
    listed $121,000 Active 746-char remark

ⓘ 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: $3,529 · $294/mo
• Projected year-2 tax: $3,529 · $294/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 5/10 Major FEMA zone X (shaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥110°F today · 28 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: $17,858
• − Mortgage interest: −$6,439
• − Property taxes: −$3,529
• − Insurance: −$575
• − Repairs & maintenance: −$1,429
• − Management: −$1,429
• − Depreciation: −$3,344
• Taxable income: $1,114
• Est. tax owed @ 24.0%: −$267
• After-tax cash flow: $2,503/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): 18,294
• Household income: $68,593
• Rent vs Own: 44.6% rent · 55.4% own
• Severe rent burden: 718.0

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 0.65)
• Race & ethnicity: Black 50% White 26% Hispanic / Latino 19% Two or more races 9% Asian 2%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Lithuanian 2% Romanian 1% Slovak 1%
• Foreign-born: 7% · Canada, China
• Languages at home: 88% English-only · Spanish 9% Other Indo-European 1% Chinese 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: ▼ -14.63%
• Current HPI: 247.1905
• Rent YoY: ▲ 4.67%
• 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

-5.0% since first listed

2 events — show timeline

• 2026-05-27 Price Changed $114,950 HARMLS
• 2026-04-28 Listed $121,000 HARMLS

Property tax history

+10.2%/yr

Latest (2025): $3,529 · -2.7% YoY. Source: county tax records.