1368 Harriot St · Beaumont, TX 77705

$49,500

3 bd · 2.0 ba · 1,604 sqft · SingleFamily public records · 53 Days on market

Built 1962 6,098 sqft lot $31/sqft · 48% below area Est $95k · 48% under ↓ 59% 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 +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great Investment Opportunity in Beaumont! This 3-bedroom, 2-bath single-family home offers strong potential for investors or buyers looking to add value. With a functional layout and solid footprint, this property is ready for updates and customization to maximize its full potential. Located in an established area of Beaumont with convenient access to major roads, schools, and local amenities. Whether you’re looking for a flip, rental, or long-term hold, this property presents an excellent opportunity. Being sold AS-IS. Buyer to verify all information.

Key facts

• 6,098 sq ft lot
• 2 garage spots
• Listed 53 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $574 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $48k (3.0% below list) — sets the bar for market timing.
• Cap rate 20.2% vs local median 5.3% in Beaumont — 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 64/100 on livability (#739 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D, schools D-, crime F.
• Beaumont ISD (urban): math 14% / reading 22% proficiency, ranked #789 of 826 in TX (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 207 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 343 units permitted in Jefferson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $342 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 53 days — a 3% lower offer ($48k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $76k (60%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 4.0% of price.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $48,015 (3.0% below list)

Questions for the listing agent

1. It's been on market 53 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 1962 — 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 D-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: 2.60% ✓
• Cap rate: 20.20%
• Cash-on-cash: 49.67%
• DSCR: 3.21
• GRM: 3.2

CMA / ARV

• ARV (median comp): $94,897
• List price: $49,500
• Delta: -47.84%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2437 Avenue F	0.71mi	3/2.0	1,645 (+3%)	4mo	$123,000	$75	59
1645 Harriot St	0.20mi	2/2.0 (-1)	1,456 (-9%)	20mo	$58,000	$40	53
1820 Ollie St	0.44mi	3/2.0	1,500 (-6%)	24mo	$99,000	$66	49
3265 Ogden Ave	0.42mi	3/2.0	1,434 (-11%)	18mo	$229,900	$160	48
2020 Hebert St	0.64mi	2/2.0 (-1)	1,393 (-13%)	20mo	$169,000	$121	26

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 47.4%
• Equity multiple: 3.06×
• Total profit: $28,597
• Equity at exit: $7,381

10-year hold

• IRR: 53.1%
• Equity multiple: 6.22×
• Total profit: $72,282
• Equity at exit: $4,280

Cash invested: $13,860 (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 77705

• Home prices YoY: -29.7%
• Active inventory: 207
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $1,288 high
• Mortgage (P&I): −$260
• Tax from tax record: −$164 /mo · $1,968/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $574

Break-even live

Break-even rent $562

Max offer price $49,500

Occupancy floor 50%

Sensitivity live

Price	-10% $602	-5% $588	+0% $574	+5% $560	+10% $546
Rent	-10% $472	-5% $523	+0% $574	+5% $625	+10% $675
Rate	-1.0pp $599	-0.5pp $586	base $574	+0.5pp $561	+1.0pp $548

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: $12,375
• Closing costs: $1,485
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1211 Washington Blvd Beaumont, TX	3.0	1.0	1363	$1,200	$0.88	44d	1	0.13mi
1417 Church St Beaumont, TX	2.0	1.0	1440	$1,100	$0.76	14d	1	0.26mi
2781 Sabine Pass Ave Unit 605 Beaumont, TX	2.0	1.0	1278	$1,025	$0.80	14d	1	0.53mi
614 Euclid St Beaumont, TX	4.0	2.0	1378	$1,395	$1.01	24d	1	0.56mi
4404 Raven St Beaumont, TX	4.0	2.0	1628	$1,600	$0.98	24d	1	0.85mi
4090 Lou St Beaumont, TX	3.0	2.0	1281	$1,675	$1.31	44d	1	0.89mi
1545 Avenue B Beaumont, TX	2.0	1.0	1212	$695	$0.57	44d	1	0.90mi
365 E Irby St Beaumont, TX	3.0	2.0	1281	$1,495	$1.17	24d	1	1.05mi
4020 Howard St Beaumont, TX	3.0	2.0	1300	$975	$0.75	44d	1	1.06mi
4210 Sullivan St Beaumont, TX	3.0	1.0	1540	$1,300	$0.84	44d	1	1.07mi
1275 Doucette St Beaumont, TX	2.0	1.0	1096	$1,250	$1.14	14d	1	1.08mi
2310 Morrison St Beaumont, TX	3.0	2.0	1528	$1,423	$0.93	14d	1	1.10mi
450 Jackson St Beaumont, TX	3.0	2.0	1500	$1,500	$1.00	14d	1	1.11mi
795 Devilleneuve St Beaumont, TX	4.0	2.0	1138	$1,395	$1.23	14d	1	1.11mi
610 Craig St Beaumont, TX	3.0	2.0	1267	$1,995	$1.57	14d	1	1.14mi
677 E Caston St Beaumont, TX	2.0	1.0	1070	$795	$0.74	44d	1	1.19mi
1107 Avenue A Beaumont, TX	4.0	2.0	1584	$1,395	$0.88	44d	1	1.19mi
4670 Maddox St Beaumont, TX	3.0	1.0	1187	$1,195	$1.01	44d	1	1.37mi
690 E Avenue Unit A Beaumont, TX	3.0	1.0	1300	$975	$0.75	14d	1	1.40mi
4455 S 5th St Beaumont, TX	3.0	2.0	1437	$1,500	$1.04	14d	1	1.43mi

Listing history 4 events

1. 2026-04-20
   price $49,500 567-char remark

   Show marketing remark (567 chars)

   Great Investment Opportunity in Beaumont! This 3-bedroom, 2-bath single-family home offers strong potential for investors or buyers looking to add value. With a functional layout and solid footprint, this property is ready for updates and customization to maximize its full potential. Located in an established area of Beaumont with convenient access to major roads, schools, and local amenities. Whether you’re looking for a flip, rental, or long-term hold, this property presents an excellent opportunity. Being sold AS-IS. Buyer to verify all information.

2. 2026-04-01
   listed $125,000 Active 567-char remark

   Show marketing remark (567 chars)

   Great Investment Opportunity in Beaumont! This 3-bedroom, 2-bath single-family home offers strong potential for investors or buyers looking to add value. With a functional layout and solid footprint, this property is ready for updates and customization to maximize its full potential. Located in an established area of Beaumont with convenient access to major roads, schools, and local amenities. Whether you’re looking for a flip, rental, or long-term hold, this property presents an excellent opportunity. Being sold AS-IS. Buyer to verify all information.

3. 2025-06-09
   historical
4. 2025-05-27
   listed $120,000 Active

ⓘ 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: $1,968 · $164/mo
• Projected year-2 tax: $1,968 · $164/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 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 25 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,461
• − Mortgage interest: −$2,773
• − Property taxes: −$1,968
• − Insurance: −$248
• − Repairs & maintenance: −$1,237
• − Management: −$1,237
• − Depreciation: −$1,440
• Taxable income: $6,559
• Est. tax owed @ 24.0%: −$1,574
• After-tax cash flow: $5,310/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: Beaumont ISD
• NCES district ID: 4809670
• Math proficiency: 14% ▼ -13.00%
• Reading proficiency: 22% ▼ -7.00%
• Median HH income: $41,683
• Composite: 15.43/100
• National rank: #9316
• State rank: #789 of 826 in TX

Livability — Beaumont

• Score: 64/100
• State rank: #739
• US rank: #13710

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Beaumont, TX
• County: Jefferson County · 203,592 people
• City population: 125,901
• Metro: Beaumont-Port Arthur, TX
• Population (ZIP): 38,259
• Household income: $54,633
• Rent vs Own: 41.4% rent · 58.6% own
• Severe rent burden: 776.0

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 259,015 people
• By 2030: 260,685 · +0.6%
• By 2040: 263,309 · +1.7%
• By 2050: 265,237 · +2.4%
• By 2075: 270,193 · +4.3%
• By 2100: 255,628 · -1.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: Black 46% White 29% Hispanic / Latino 21% Two or more races 6% Asian 2%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Lithuanian 5% Italian 1%
• Foreign-born: 8% · Canada, Vietnam
• Languages at home: 80% English-only · Spanish 18% Other Indo-European 1%

Political lean MEDSL · Jefferson

• 2024 margin: Lean R (+8.9) · D 45.1% · R 54.0%
• 2008→2024 swing: -11.1pp toward R · 2008: 2.2pp · 2024: -8.9pp
• All cycles: 2024: R+8.9 2020: R+1.6 2016: R+0.5 2012: D+1.6 2008: D+2.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -54.76%
• Current HPI: 129.3696
• Rent YoY: —
• Metro: Beaumont-Port Arthur, 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

-58.8% since first listed

4 events — show timeline

• 2026-04-20 Price Changed $49,500 HARMLS
• 2026-04-01 Listed $125,000 HARMLS
• 2025-06-09 Listing Removed — HARMLS
• 2025-05-27 Listed $120,000 HARMLS

Property tax history

+2.2%/yr

Latest (2025): $1,968 · +9.1% YoY. Source: county tax records.