403 Neal St · Jasper, TX 75951

$149,000

3 bd · 1.0 ba · 1,386 sqft · SingleFamily public records · 15 Days on market

Built 1956 0.26 ac lot ↓ 7% since listing

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Why this score? — see what drove the C- 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 +21.8/30.0
• ARV discount +7.5/15.0
• DSCR +7.0/10.0
• 1% rule +5.4/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

$5,000 Seller credit to buyer with acceptable offer!! Welcome to this charming 3-bedroom, 1 bath home! Located within the city limits of Jasper, you are offered both convenience and comfort. Inside you'll find a bright and inviting living room highlighted by a beautiful large window that fills the home with natural light. The functional layout offers great potential for a first-time home buyer or an investor looking to expand their rental portfolio. Don't miss out on this one! Motivated seller!

Key facts

• 0.26 acre lot
• Garage
• Listed 15 days

Property features AI

Exterior

• Parking: Attached or detached garage with 1 car space
• Home design: Single-family residence
• Exterior features: Lot approximately 0.26 acres; Subdivision: Out Of Town

Interior

• Bathrooms: One full bathroom
• Interior features: Residential single-family layout

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $149k.

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 ($2k rent vs $149k).
• Recommended offer: $147k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 4.8% in Jasper — 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 58/100 on livability (#1,225 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: crime C-, schools F, amenities F.
• Jasper ISD (town): math 22% / reading 26% proficiency, ranked #734 of 826 in TX (top 89%) — 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.
• Market conditions: 308 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 45 units permitted in Jasper County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Jasper County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($147k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $11k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $146,765 (1.5% below list)

Questions for the listing agent

1. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.04% ✓
• Cap rate: 8.16%
• Cash-on-cash: 6.65%
• DSCR: 1.30
• GRM: 8.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -6.1%
• Equity multiple: 0.77×
• Total profit: $-9,420
• Equity at exit: $22,216

10-year hold

• IRR: 3.6%
• Equity multiple: 1.26×
• Total profit: $10,752
• Equity at exit: $12,883

Cash invested: $41,720 (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 75951

• Active inventory: 308
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,544 medium
• Mortgage (P&I): −$781
• Tax from tax record: −$145 /mo · $1,743/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $231

Break-even live

Break-even rent $1,252

Max offer price $149,000

Occupancy floor 80%

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
509 N Peachtree St Jasper, TX	3.0	2.0	1627	$2,000	$1.23	14d	1	0.50mi
469 Ogden St Jasper, TX	3.0	1.0	1344	$1,600	$1.19	14d	1	0.53mi
816 Ogden St Jasper, TX	3.0	1.0	1270	$1,095	$0.86	14d	1	0.61mi
209 Cavin St Jasper, TX	3.0	1.0	1418	$1,300	$0.92	19d	1	1.18mi

Listing history 6 events

1. 2026-04-24
   status Pending

   Show marketing remark (499 chars)

   $5,000 Seller credit to buyer with acceptable offer!! Welcome to this charming 3-bedroom, 1 bath home! Located within the city limits of Jasper, you are offered both convenience and comfort. Inside you'll find a bright and inviting living room highlighted by a beautiful large window that fills the home with natural light. The functional layout offers great potential for a first-time home buyer or an investor looking to expand their rental portfolio. Don't miss out on this one! Motivated seller!

2. 2026-04-24
   status Pending 499-char remark

   Show marketing remark (499 chars)

   $5,000 Seller credit to buyer with acceptable offer!! Welcome to this charming 3-bedroom, 1 bath home! Located within the city limits of Jasper, you are offered both convenience and comfort. Inside you'll find a bright and inviting living room highlighted by a beautiful large window that fills the home with natural light. The functional layout offers great potential for a first-time home buyer or an investor looking to expand their rental portfolio. Don't miss out on this one! Motivated seller!

3. 2026-04-10
   price $149,000 499-char remark

   Show marketing remark (499 chars)

   $5,000 Seller credit to buyer with acceptable offer!! Welcome to this charming 3-bedroom, 1 bath home! Located within the city limits of Jasper, you are offered both convenience and comfort. Inside you'll find a bright and inviting living room highlighted by a beautiful large window that fills the home with natural light. The functional layout offers great potential for a first-time home buyer or an investor looking to expand their rental portfolio. Don't miss out on this one! Motivated seller!

4. 2026-04-10
   price $149,000

   Show marketing remark (499 chars)

   $5,000 Seller credit to buyer with acceptable offer!! Welcome to this charming 3-bedroom, 1 bath home! Located within the city limits of Jasper, you are offered both convenience and comfort. Inside you'll find a bright and inviting living room highlighted by a beautiful large window that fills the home with natural light. The functional layout offers great potential for a first-time home buyer or an investor looking to expand their rental portfolio. Don't miss out on this one! Motivated seller!

5. 2026-04-09
   listed $160,000 Active
6. 2026-03-31
   listed $160,000 Active 499-char remark

   Show marketing remark (499 chars)

   $5,000 Seller credit to buyer with acceptable offer!! Welcome to this charming 3-bedroom, 1 bath home! Located within the city limits of Jasper, you are offered both convenience and comfort. Inside you'll find a bright and inviting living room highlighted by a beautiful large window that fills the home with natural light. The functional layout offers great potential for a first-time home buyer or an investor looking to expand their rental portfolio. Don't miss out on this one! Motivated seller!

ⓘ 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: $1,743 · $145/mo
• Projected year-2 tax: $2,727 · $227/mo
• Expected delta: +$984/yr (+$82/mo · 56.5%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥111°F today · 22 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% 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: $18,530
• − Mortgage interest: −$8,346
• − Property taxes: −$1,743
• − Insurance: −$745
• − Repairs & maintenance: −$1,482
• − Management: −$1,482
• − Depreciation: −$4,335
• Taxable income: $397
• Est. tax owed @ 24.0%: −$95
• After-tax cash flow: $2,679/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: Jasper ISD
• NCES district ID: 4824630
• Math proficiency: 22% ▼ -12.00%
• Reading proficiency: 26% ▼ -8.00%
• Median HH income: $36,286
• Composite: 19.91/100
• National rank: #8684
• State rank: #734 of 826 in TX

Livability — Jasper

• Score: 58/100
• State rank: #1225
• US rank: #21385

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jasper, TX
• Population (ZIP): 15,267

Population outlook (Jasper County) Hauer SSP2

• Today (2025): 33,986 people
• By 2030: 32,965 · -3.0%
• By 2040: 30,908 · -9.1%
• By 2050: 28,893 · -15.0%
• By 2075: 24,828 · -26.9%
• By 2100: 19,987 · -41.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 60% Black 28% Two or more races 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 1% Slovak 1% Iranian 1%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 5% Tagalog/Filipino 1%

Political lean MEDSL · Jasper

• 2024 margin: Solid R (+66.6) · D 16.5% · R 83.1%
• 2008→2024 swing: -24.6pp toward R · 2008: -42.0pp · 2024: -66.6pp
• All cycles: 2024: R+66.6 2020: R+61.4 2016: R+59.9 2012: R+48.4 2008: R+42.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -83.56%
• Current HPI: 136.7972
• 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

-6.9% since first listed

6 events — show timeline

• 2026-04-24 Pending — BBOR
• 2026-04-24 Pending — Deep East Texas MLS
• 2026-04-10 Price Changed $149,000 Deep East Texas MLS
• 2026-04-10 Price Changed $149,000 BBOR
• 2026-04-09 Listed $160,000 BBOR
• 2026-03-31 Listed $160,000 Deep East Texas MLS

Property tax history

-1.0%/yr

Latest (2025): $1,743 · +3.7% YoY. Source: county tax records.