618 Azalea Dr · La Marque, TX 77568

$115,000

3 bd · 1.0 ba · 1,240 sqft · SingleFamily public records · 40 Days on market

Built 1960 9,970 sqft lot $93/sqft · 24% below area Est $150k · 24% under

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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
• DSCR +10.0/10.0
• 1% rule +9.1/10.0
• 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

Completely renovated. New electrical+new Electric panel & all new plumbing+New HVAC+NEW tile, carpet, tile tub surround-2 All new bathrooms & fixtures+New Granite counters kitchen & Bath++TANKLESS WATER HEATER. 3 BR with New carpet. New kitchen range and DW. Crown molding-LR/DR combined. Large yard fenced quite neighborhood. New landscaped with drive thru to back with concreted parking in for camper, boat/trailers. Partial new re-roof

Key facts

• Quiet street
• Perfect location
• 9,970 sq ft lot

Tags

• QUIET STREET
• PERFECT LOCATION

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Residential property; Single-story entry (first-floor living and bedrooms)
• Construction: Built in 1960; Brick and wood siding exterior; Composition roof; Pillar/post/pier and slab foundation
• Exterior features: Subdivision lot

Interior

• Bedrooms: Three bedrooms on the first floor (approx. 10x9, 12x10, 12x13)
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning; gas cooling
• Interior features: Living room; Total of 4 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $380 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $112k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.0% 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, crime 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.
• Zoned schools: Hayley El (math 7% / reading 11%, grade F, #4,293 of 4,322 statewide, top 99%, 562 students, 92% 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 92% FRL vs 66% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 16% at this address vs 28% district-wide (-12 pts) — the specific schools serving this property underperform the Texas City ISD average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+4.0%/yr); 654 active listings in the ZIP; 17 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 $795 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 + 4.0% rent growth), your $32k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 11y ago; this cycle's ask has dropped $10k (8%) 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 $111,550 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 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 1960 — 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 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: 1.41% ✓
• Cap rate: 10.95%
• Cash-on-cash: 16.65%
• DSCR: 1.74
• GRM: 5.9

CMA / ARV

• ARV (median comp): $150,481
• List price: $115,000
• Delta: -23.58%
• 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
619 Avenue B	0.06mi	3/2.0	1,235 (-0%)	7mo	$129,999	$105	86
401 Honeysuckle Dr	0.32mi	4/1.0 (+1)	1,274 (+3%)	3mo	$85,000	$67	73
607 Rosedale St	0.18mi	3/2.0	1,169 (-6%)	11mo	$174,900	$150	69
410 Wisteria St	0.29mi	4/2.0 (+1)	1,250 (+1%)	10mo	$82,500	$66	68
300 Robbie St	0.49mi	3/1.5	1,248 (+1%)	9mo	$130,000	$104	66
316 Avenue B	0.17mi	4/2.0 (+1)	1,354 (+9%)	2mo	$170,000	$126	66
1019 Spruce St	0.42mi	2/1.5 (-1)	1,192 (-4%)	6mo	$150,000	$126	62
252 Muriel St	0.56mi	4/2.0 (+1)	1,232 (-1%)	3mo	$120,960	$98	62
503 Bluebonnet Dr	0.22mi	3/1.0	1,396 (+13%)	12mo	$88,000	$63	59
821 Cypress St	0.27mi	3/1.5	1,414 (+14%)	4mo	$119,900	$85	58
1306 Laurel St	0.73mi	3/1.0	1,194 (-4%)	9mo	$87,500	$73	52
1009 Larcom St	0.71mi	2/1.0 (-1)	1,096 (-12%)	12mo	$169,999	$155	33

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: 5.7%
• Equity multiple: 1.22×
• Total profit: $7,236
• Equity at exit: $17,147

10-year hold

• IRR: 16.1%
• Equity multiple: 2.38×
• Total profit: $44,400
• Equity at exit: $9,943

Cash invested: $32,200 (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: 5.9×

Monthly cashflow live

• Estimated rent: $1,623 high
• Mortgage (P&I): −$603
• Tax from tax record: −$184 /mo · $2,212/yr
• Insurance: −$48
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $380

Break-even live

Break-even rent $1,141

Max offer price $115,000

Occupancy floor 72%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
711 Avenue A Unit 4 La Marque, TX	2.0	1.0	750	$799	$1.07	43d	1	0.14mi
509 Bluebonnet Dr La Marque, TX	4.0	1.0	1223	$1,550	$1.27	43d	1	0.15mi
4417 Edward St Texas City, TX	2.0	2.0	983	$1,100	$1.12	3d	1	0.60mi
4417 Edward St Texas City, TX	2.0	2.0	983	$1,150	$1.17	2d	1	0.60mi
113 N Pecan Dr Texas City, TX	4.0	2.0	1468	$3,000	$2.04	43d	1	0.65mi
203 Beatrice St La Marque, TX	3.0	1.0	1304	$1,395	$1.07	24d	1	0.66mi
309 S Bell Dr Texas City, TX	2.0	2.0	1316	$1,650	$1.25	43d	1	1.03mi
2328 Boss St La Marque, TX	2.0	1.0	848	$925	$1.09	12d	2	1.06mi
222 Ruslee St La Marque, TX	3.0	1.0	849	$1,350	$1.59	17d	1	1.08mi
1825 Bayou Rd La Marque, TX	2.0	1.0	1200	$1,195	$1.00	43d	1	1.15mi
306 Lake Rd Unit B La Marque, TX	2.0	1.0	816	$995	$1.22	43d	1	1.15mi
105 Plum St La Marque, TX	4.0	1.5	1329	$2,100	$1.58	3d	1	1.28mi
1115 Highway 146 N Texas City, TX	1.0–2.0	1.0–2.0	757	$1,350	$1.78	1d	9	1.32mi
1013 Margot St La Marque, TX	3.0	2.0	1099	$1,500	$1.36	18d	1	1.32mi
619 N Vionett Ln Texas City, TX	3.0	2.0	1204	$1,550	$1.29	5d	1	1.35mi
3404 9th Ave N Texas City, TX	1.0–2.0	1.0–2.0	721	$1,525	$2.11	2d	34	1.38mi
1006 E Camp Cir La Marque, TX	3.0	1.0	1230	$1,500	$1.22	24d	1	1.49mi

Listing history 27 events

1. 2026-06-18
   days on market $115,000 Active 40 DOM
2. 2026-06-17
   days on market $115,000 Active 39 DOM
3. 2026-06-16
   days on market $115,000 Active 38 DOM
4. 2026-06-15
   days on market $115,000 Active 37 DOM
5. 2026-06-13
   days on market $115,000 Active 35 DOM
6. 2026-06-09
   days on market $115,000 Active 31 DOM
7. 2026-06-08
   days on market $115,000 Active 30 DOM
8. 2026-06-07
   days on market $115,000 Active 29 DOM
9. 2026-06-04
   days on market $115,000 Active 26 DOM
10. 2026-06-03
    days on market $115,000 Active 25 DOM
11. 2026-06-02
    days on market $115,000 Active 24 DOM
12. 2026-06-01
    days on market $115,000 Active 23 DOM
13. 2026-05-31
    days on market $115,000 Active 22 DOM
14. 2026-05-18
    price $115,000 126-char remark
15. 2026-05-09
    listed $125,000 Active 126-char remark
16. 2016-12-30
    soldstatus Sold 456-char remark

    Show marketing remark (456 chars)

    Completely renovated. New electrical+new Electric panel & all new plumbing+New HVAC+NEW tile, carpet, tile tub surround-2 All new bathrooms & fixtures+New Granite counters kitchen & Bath++TANKLESS WATER HEATER. 3 BR with New carpet. New kitchen range and DW. Crown molding-LR/DR combined. Large yard fenced quite neighborhood. New landscaped with drive thru to back with concreted parking in for camper, boat/trailers. Partial new re-roof

17. 2016-12-30
    soldstatus

    Show marketing remark (456 chars)

    Completely renovated. New electrical+new Electric panel & all new plumbing+New HVAC+NEW tile, carpet, tile tub surround-2 All new bathrooms & fixtures+New Granite counters kitchen & Bath++TANKLESS WATER HEATER. 3 BR with New carpet. New kitchen range and DW. Crown molding-LR/DR combined. Large yard fenced quite neighborhood. New landscaped with drive thru to back with concreted parking in for camper, boat/trailers. Partial new re-roof

18. 2016-12-07
    status Pending 456-char remark

    Show marketing remark (456 chars)

    Completely renovated. New electrical+new Electric panel & all new plumbing+New HVAC+NEW tile, carpet, tile tub surround-2 All new bathrooms & fixtures+New Granite counters kitchen & Bath++TANKLESS WATER HEATER. 3 BR with New carpet. New kitchen range and DW. Crown molding-LR/DR combined. Large yard fenced quite neighborhood. New landscaped with drive thru to back with concreted parking in for camper, boat/trailers. Partial new re-roof

19. 2016-11-16
    status Pending, Continue to Show 456-char remark

    Show marketing remark (456 chars)

    Completely renovated. New electrical+new Electric panel & all new plumbing+New HVAC+NEW tile, carpet, tile tub surround-2 All new bathrooms & fixtures+New Granite counters kitchen & Bath++TANKLESS WATER HEATER. 3 BR with New carpet. New kitchen range and DW. Crown molding-LR/DR combined. Large yard fenced quite neighborhood. New landscaped with drive thru to back with concreted parking in for camper, boat/trailers. Partial new re-roof

20. 2016-10-27
    status Active 456-char remark

    Show marketing remark (456 chars)

    Completely renovated. New electrical+new Electric panel & all new plumbing+New HVAC+NEW tile, carpet, tile tub surround-2 All new bathrooms & fixtures+New Granite counters kitchen & Bath++TANKLESS WATER HEATER. 3 BR with New carpet. New kitchen range and DW. Crown molding-LR/DR combined. Large yard fenced quite neighborhood. New landscaped with drive thru to back with concreted parking in for camper, boat/trailers. Partial new re-roof

21. 2016-10-18
    status Option Pending 456-char remark

    Show marketing remark (456 chars)

    Completely renovated. New electrical+new Electric panel & all new plumbing+New HVAC+NEW tile, carpet, tile tub surround-2 All new bathrooms & fixtures+New Granite counters kitchen & Bath++TANKLESS WATER HEATER. 3 BR with New carpet. New kitchen range and DW. Crown molding-LR/DR combined. Large yard fenced quite neighborhood. New landscaped with drive thru to back with concreted parking in for camper, boat/trailers. Partial new re-roof

22. 2016-08-29
    listed $113,900 Active 456-char remark

    Show marketing remark (456 chars)

    Completely renovated. New electrical+new Electric panel & all new plumbing+New HVAC+NEW tile, carpet, tile tub surround-2 All new bathrooms & fixtures+New Granite counters kitchen & Bath++TANKLESS WATER HEATER. 3 BR with New carpet. New kitchen range and DW. Crown molding-LR/DR combined. Large yard fenced quite neighborhood. New landscaped with drive thru to back with concreted parking in for camper, boat/trailers. Partial new re-roof

23. 2016-01-21
    soldstatus Sold

    Show marketing remark (216 chars)

    PROPERTY HAS THREE BEDROOM AND TWO BATH WITH SEPARATE LIVING ROOM WITH COZY FIREPLACE, DINING ROOM, LAUNDRY ROOM, PORCH AND PATIO COVERED AND PROPERTY HAS 11325 SQ FT LOT SIZE WITH CONVENIENT TWO ATTACHED CAR GARAGE.

24. 2015-12-27
    status Pending, Continue to Show

    Show marketing remark (216 chars)

    PROPERTY HAS THREE BEDROOM AND TWO BATH WITH SEPARATE LIVING ROOM WITH COZY FIREPLACE, DINING ROOM, LAUNDRY ROOM, PORCH AND PATIO COVERED AND PROPERTY HAS 11325 SQ FT LOT SIZE WITH CONVENIENT TWO ATTACHED CAR GARAGE.

25. 2015-12-16
    price $35,600

    Show marketing remark (216 chars)

    PROPERTY HAS THREE BEDROOM AND TWO BATH WITH SEPARATE LIVING ROOM WITH COZY FIREPLACE, DINING ROOM, LAUNDRY ROOM, PORCH AND PATIO COVERED AND PROPERTY HAS 11325 SQ FT LOT SIZE WITH CONVENIENT TWO ATTACHED CAR GARAGE.

26. 2015-11-20
    listed $39,700 Active

    Show marketing remark (216 chars)

    PROPERTY HAS THREE BEDROOM AND TWO BATH WITH SEPARATE LIVING ROOM WITH COZY FIREPLACE, DINING ROOM, LAUNDRY ROOM, PORCH AND PATIO COVERED AND PROPERTY HAS 11325 SQ FT LOT SIZE WITH CONVENIENT TWO ATTACHED CAR GARAGE.

27. 2000-12-28
    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: $2,212 · $184/mo
• Projected year-2 tax: $2,212 · $184/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 8/10 Severe FEMA zone X · 60% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°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: $19,473
• − Mortgage interest: −$6,442
• − Property taxes: −$2,212
• − Insurance: −$1,372
• − Repairs & maintenance: −$1,558
• − Management: −$1,558
• − Depreciation: −$3,345
• Taxable income: $2,986
• Est. tax owed @ 24.0%: −$717
• After-tax cash flow: $3,846/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

+189.7% since first listed

14 events — show timeline

• 2026-05-18 Price Changed $115,000 HARMLS
• 2026-05-09 Listed $125,000 HARMLS
• 2016-12-30 Sold (Public Records) — Public Records
• 2016-12-30 Sold (MLS) — HARMLS
• 2016-12-07 Pending — HARMLS
• 2016-11-16 Pending — HARMLS
• 2016-10-27 Relisted — HARMLS
• 2016-10-18 Pending — HARMLS
• 2016-08-29 Listed $113,900 HARMLS
• 2016-01-21 Sold (MLS) — HARMLS
• 2015-12-27 Pending — HARMLS
• 2015-12-16 Price Changed $35,600 HARMLS
• 2015-11-20 Listed $39,700 HARMLS
• 2000-12-28 Sold (Public Records) — Public Records

Property tax history

+7.0%/yr

Latest (2025): $2,212 · +13.3% YoY. Source: county tax records.