2016 Brown · Jourdanton, TX 78026

$45,000

2 bd · 1.0 ba · 824 sqft · SingleFamily public records · 242 Days on market

Built 1960 0.34 ac lot $55/sqft · 66% below area ↓ 47% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.9/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Sitting on a spacious .33-acre lot, this property offers endless potential for future growth and investment. Whether you're looking to remodel, expand, or build something new, this large lot provides plenty of room and flexibility to bring your vision to life. Located in the charming town of Pleasanton, you'll enjoy a peaceful neighborhood feel while staying close to local conveniences, schools, and shops. The property is just a 40-minute drive to San Antonio, giving you easy access to the city while maintaining the quiet and comfort of small-town living. Nearby cities like Jourdanton and Poteet offer additional dining, shopping, and community events. With a little work, this property could be transformed into a great investment or a beautiful home. The lot size, location, and potential make 2016 Brown St. an excellent opportunity for anyone looking to create value and space in a growing area.

Key facts

• Easy access
• Spacious lot
• Local conveniences

Tags

• SPACIOUS LOT
• PEACEFUL NEIGHBORHOOD
• LOCAL CONVENIENCES
• EASY ACCESS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $363 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Recommended offer: $40k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.0% vs local median 3.6% in Jourdanton — 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 68/100 on livability (#474 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Jourdanton ISD (town): math 46% / reading 44% proficiency, ranked #258 of 826 in TX (top 31%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 168 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 224 units permitted in Atascosa County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $311 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Atascosa County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $13k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 242 days — a 12% lower offer ($40k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 4.6% of price.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $39,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 242 days. Have you received any prior offers? Is the seller open to a 12% 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. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 2.22% ✓
• Cap rate: 15.97%
• Cash-on-cash: 34.57%
• DSCR: 2.54
• GRM: 3.8

CMA / ARV

• ARV (median comp): $131,803
• List price: $45,000
• Delta: -65.86%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1214 Broadway	0.51mi	2/2.0	728 (-12%)	12mo	$134,900	$185	42
806 Beech St	0.64mi	1/1.0 (-1)	780 (-5%)	23mo	$135,900	$174	37

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: 30.1%
• Equity multiple: 2.26×
• Total profit: $15,913
• Equity at exit: $6,710

10-year hold

• IRR: 37.5%
• Equity multiple: 4.49×
• Total profit: $43,976
• Equity at exit: $3,891

Cash invested: $12,600 (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 78026

• Home prices YoY: -10.1%
• Active inventory: 168
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $1,000 medium
• Mortgage (P&I): −$236
• Tax from tax record: −$172 /mo · $2,067/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$210
• Net cashflow: $363

Break-even live

Break-even rent $541

Max offer price $45,000

Occupancy floor 59%

Sensitivity live

Price	-10% $510	-5% $376	+0% $363	+5% $350	+10% $338
Rent	-10% $284	-5% $323	+0% $363	+5% $402	+10% $442
Rate	-1.0pp $386	-0.5pp $374	base $363	+0.5pp $351	+1.0pp $339

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
603 Commerce St Jourdanton, TX	2.0	1.0	900	$1,000	$1.11	24d	1	0.38mi

Listing history 22 events

1. 2026-06-21
   days on market $45,000 Active 242 DOM
2. 2026-06-18
   days on market $45,000 Active 240 DOM
3. 2026-06-17
   days on market $45,000 Active 239 DOM
4. 2026-06-16
   days on market $45,000 Active 238 DOM
5. 2026-06-15
   days on market $45,000 Active 237 DOM
6. 2026-06-13
   days on market $45,000 Active 235 DOM
7. 2026-06-12
   days on market $45,000 Active 234 DOM
8. 2026-06-10
   days on market $45,000 Active 231 DOM
9. 2026-06-08
   days on market $45,000 Active 230 DOM
10. 2026-06-08
    days on market $45,000 Active 229 DOM
11. 2026-06-07
    days on market $45,000 Active 228 DOM
12. 2026-06-03
    days on market $45,000 Active 225 DOM
13. 2026-06-02
    days on market $45,000 Active 224 DOM
14. 2026-06-01
    days on market $45,000 Active 223 DOM
15. 2026-05-31
    days on market $45,000 Active 222 DOM
16. 2026-03-19
    price $45,000 912-char remark

    Show marketing remark (912 chars)

    Sitting on a spacious .33-acre lot, this property offers endless potential for future growth and investment. Whether you're looking to remodel, expand, or build something new, this large lot provides plenty of room and flexibility to bring your vision to life. Located in the charming town of Pleasanton, you'll enjoy a peaceful neighborhood feel while staying close to local conveniences, schools, and shops. The property is just a 40-minute drive to San Antonio, giving you easy access to the city while maintaining the quiet and comfort of small-town living. Nearby cities like Jourdanton and Poteet offer additional dining, shopping, and community events. With a little work, this property could be transformed into a great investment or a beautiful home. The lot size, location, and potential make 2016 Brown St. an excellent opportunity for anyone looking to create value and space in a growing area.

17. 2025-12-27
    price $50,000 912-char remark

    Show marketing remark (912 chars)

    Sitting on a spacious .33-acre lot, this property offers endless potential for future growth and investment. Whether you're looking to remodel, expand, or build something new, this large lot provides plenty of room and flexibility to bring your vision to life. Located in the charming town of Pleasanton, you'll enjoy a peaceful neighborhood feel while staying close to local conveniences, schools, and shops. The property is just a 40-minute drive to San Antonio, giving you easy access to the city while maintaining the quiet and comfort of small-town living. Nearby cities like Jourdanton and Poteet offer additional dining, shopping, and community events. With a little work, this property could be transformed into a great investment or a beautiful home. The lot size, location, and potential make 2016 Brown St. an excellent opportunity for anyone looking to create value and space in a growing area.

18. 2025-10-21
    listed $59,999 New 912-char remark

    Show marketing remark (912 chars)

    Sitting on a spacious .33-acre lot, this property offers endless potential for future growth and investment. Whether you're looking to remodel, expand, or build something new, this large lot provides plenty of room and flexibility to bring your vision to life. Located in the charming town of Pleasanton, you'll enjoy a peaceful neighborhood feel while staying close to local conveniences, schools, and shops. The property is just a 40-minute drive to San Antonio, giving you easy access to the city while maintaining the quiet and comfort of small-town living. Nearby cities like Jourdanton and Poteet offer additional dining, shopping, and community events. With a little work, this property could be transformed into a great investment or a beautiful home. The lot size, location, and potential make 2016 Brown St. an excellent opportunity for anyone looking to create value and space in a growing area.

19. 2025-10-02
    historical
20. 2025-08-14
    price $62,000
21. 2025-07-26
    price $70,000
22. 2025-06-20
    listed $85,000 New

ⓘ 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: $2,067 · $172/mo
• Projected year-2 tax: $2,067 · $172/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 8/10 Severe 6 d/yr ≥111°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $12,000
• − Mortgage interest: −$2,521
• − Property taxes: −$2,067
• − Insurance: −$225
• − Repairs & maintenance: −$960
• − Management: −$960
• − Depreciation: −$1,309
• Taxable income: $3,958
• Est. tax owed @ 24.0%: −$950
• After-tax cash flow: $3,406/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: Jourdanton ISD
• NCES district ID: 4824960
• Math proficiency: 46% ▼ -3.00%
• Reading proficiency: 44% ▲ 2.00%
• Median HH income: $51,581
• Composite: 38.81/100
• National rank: #4116
• State rank: #258 of 826 in TX

Livability — Jourdanton

• Score: 68/100
• State rank: #474
• US rank: #9531

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jourdanton, TX
• Population (ZIP): 6,438

Population outlook (Atascosa County) Hauer SSP2

• Today (2025): 57,233 people
• By 2030: 61,729 · +7.9%
• By 2040: 71,122 · +24.3%
• By 2050: 80,906 · +41.4%
• By 2075: 106,134 · +85.4%
• By 2100: 122,415 · +113.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 51% Hispanic / Latino 42% Two or more races 20% Asian 1%
• Hispanic origin (detail): Mexican 36%
• Common ancestry: Slovak 3% Lithuanian 2% Italian 1%
• Foreign-born: 10% · Canada
• Languages at home: 71% English-only · Spanish 27% Tagalog/Filipino 1%

Political lean MEDSL · Atascosa

• 2024 margin: Solid R (+43.3) · D 27.9% · R 71.3%
• 2008→2024 swing: -32.8pp toward R · 2008: -10.5pp · 2024: -43.3pp
• All cycles: 2024: R+43.3 2020: R+34.0 2016: R+29.1 2012: R+18.3 2008: R+10.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -23.13%
• Current HPI: 205.0473
• 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

-47.1% since first listed

7 events — show timeline

• 2026-03-19 Price Changed $45,000 LERA
• 2025-12-27 Price Changed $50,000 LERA
• 2025-10-21 Listed $59,999 LERA
• 2025-10-02 Listing Removed — LERA
• 2025-08-14 Price Changed $62,000 LERA
• 2025-07-26 Price Changed $70,000 LERA
• 2025-06-20 Listed $85,000 LERA

Property tax history

+5.9%/yr

Latest (2025): $2,067 · +22.5% YoY. Source: county tax records.