13434 24th St · Santa Fe, TX 77510

$425,000

3 bd · 1.5 ba · 1,732 sqft · SingleFamily public records · 79 Days on market

Built 1973 4.50 ac lot $245/sqft · 20% above area Est $355k · 20% over

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Why this score? — see what drove the D- 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 +15.0/30.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +3.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Unique investment opportunity on 4.5 acres at 13434 24th St! This property features a brick 3-bedroom, 1.5-bath home with a 2-car garage, offering comfortable living alongside income potential. The acreage is zoned for a mobile home park and is currently operating with seven homes on the property. There are five manufactured homes that convey with the sale, plus two additional owner-owned homes that lease their spaces, creating multiple income streams. With room to continue operating or expand, this property offers a rare chance to own a cash-flowing property with land and development potential. Whether you're looking to expand your rental portfolio, operate a small mobile home park, or invest in land with existing income, this versatile property provides flexibility and opportunity. Buyer to verify zoning, usage, and all property details.

Key facts

• 4.5 acres
• 4.5 acre lot
• 2 garage spots

Tags

• 4.5 ACRES
• ZONED FOR MOBILE HOME PARK
• OPERATING WITH FIVE HOMES
• MULTIPLE INCOME STREAMS
• LAND AND DEVELOPMENT POTENTIAL
• EXPAND RENTAL PORTFOLIO

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $425k.

Deal economics

• At list price, monthly cash flow is $56k ($672k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($75k rent vs $425k).
• Recommended offer: $400k (6.0% below list) — sets the bar for market timing.
• Cap rate 164.4% vs local median 4.5% in Santa Fe — 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 67/100 on livability (#550 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Santa Fe ISD (suburban): math 38% / reading 39% proficiency, ranked #385 of 826 in TX (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 233 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $3k of loan paydown is wiped out by about $13k 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 + 3.0% rent growth), your $119k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($400k) 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→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $399,500 (6.0% below list)

Questions for the listing agent

1. It's been on market 79 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 1973 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 17.56% ✓
• Cap rate: 164.43%
• Cash-on-cash: 564.76%
• DSCR: 26.13
• GRM: 0.5

CMA / ARV

• ARV (median comp): $355,000
• List price: $425,000
• Delta: 19.72%
• Verdict: OVERPRICED
• Comps: 3 within 2.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
13329 24th St	0.16mi	3/2.0	1,728 (-0%)	9mo	$300,000	$174	83
13519 Montgomery Rd	0.42mi	3/2.0	1,723 (-0%)	12mo	$387,000	$225	68
13406 Bob White Dr	0.22mi	3/2.0	1,664 (-4%)	23mo	$394,368	$237	62
13515 S Bellaire St	0.25mi	3/2.0	1,631 (-6%)	20mo	$329,900	$202	60
13314 Kaylee Ln	0.69mi	3/2.0	1,610 (-7%)	7mo	$279,900	$174	48
5002 Avenue P	0.70mi	3/2.0	1,705 (-2%)	20mo	$389,000	$228	46
13315 Mandy Ln	0.71mi	3/2.0	1,542 (-11%)	20mo	$290,000	$188	30

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: —
• Equity multiple: 30.41×
• Total profit: $3,499,276
• Equity at exit: $63,369

10-year hold

• IRR: —
• Equity multiple: 65.24×
• Total profit: $7,644,803
• Equity at exit: $36,746

Cash invested: $119,000 (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 77510

• Home prices YoY: -15.3%
• Active inventory: 233
• Price-to-rent: 0.5×

Monthly cashflow live

• Estimated rent: $74,621 medium
• Mortgage (P&I): −$2,229
• Tax from tax record: −$539 /mo · $6,472/yr
• Insurance: −$177
• HOA: −$0
• Vacancy / Maint / Mgmt: −$15,670
• Net cashflow: $56,005

Break-even live

Break-even rent $3,728

Max offer price $425,000

Occupancy floor 20%

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: $106,250
• Closing costs: $12,750
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4120 Avenue O #10 Santa Fe, TX	3.0	2.0	1280	$74,621	$58.30	44d	1	1.35mi

Listing history 6 events

1. 2026-06-04
   status $425,000 Pending 79 DOM
2. 2026-06-03
   days on market $425,000 Active 79 DOM
3. 2026-06-02
   days on market $425,000 Active 78 DOM
4. 2026-06-01
   days on market $425,000 Active 77 DOM
5. 2026-05-31
   days on market $425,000 Active 76 DOM
6. 2026-03-16
   listed $425,000 Active 851-char remark

   Show marketing remark (851 chars)

   Unique investment opportunity on 4.5 acres at 13434 24th St! This property features a brick 3-bedroom, 1.5-bath home with a 2-car garage, offering comfortable living alongside income potential. The acreage is zoned for a mobile home park and is currently operating with seven homes on the property. There are five manufactured homes that convey with the sale, plus two additional owner-owned homes that lease their spaces, creating multiple income streams. With room to continue operating or expand, this property offers a rare chance to own a cash-flowing property with land and development potential. Whether you're looking to expand your rental portfolio, operate a small mobile home park, or invest in land with existing income, this versatile property provides flexibility and opportunity. Buyer to verify zoning, usage, and all property details.

ⓘ 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: $6,472 · $539/mo
• Projected year-2 tax: $7,778 · $648/mo
• Expected delta: +$1,305/yr (+$109/mo · 20.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 26 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: $895,452
• − Mortgage interest: −$23,807
• − Property taxes: −$6,472
• − Insurance: −$2,125
• − Repairs & maintenance: −$71,636
• − Management: −$71,636
• − Depreciation: −$12,364
• Taxable income: $707,412
• Est. tax owed @ 24.0%: −$169,779
• After-tax cash flow: $502,286/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: Santa Fe ISD
• NCES district ID: 4839270
• Math proficiency: 38% ▼ -10.00%
• Reading proficiency: 39% ▼ -2.00%
• Median HH income: $66,769
• Composite: 34.86/100
• National rank: #5091
• State rank: #385 of 826 in TX

Livability — Santa Fe

• Score: 67/100
• State rank: #550
• US rank: #10637

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Santa Fe, TX
• Population (ZIP): 13,938

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: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 21% Two or more races 17% Asian 2%
• Hispanic origin (detail): Mexican 14% Puerto Rican 3% Cuban 1%
• Common ancestry: Lithuanian 4% Italian 3% Slovak 1%
• Foreign-born: 5% · Canada
• Languages at home: 89% English-only · Spanish 10% Tagalog/Filipino 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: ▼ -54.15%
• Current HPI: 299.2228
• 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

1 event — show timeline

• 2026-03-16 Listed $425,000 HARMLS

Property tax history

+7.0%/yr

Latest (2025): $6,472 · +16.4% YoY. Source: county tax records.