3411 Palm Ave · Texas City, TX 77590

$155,000

3 bd · 1.0 ba · 1,385 sqft · SingleFamily public records · 2 Days on market

Built 1958 6,764 sqft lot Est $181k · 15% under ↓ 18% 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 +14.1/15.0
• DSCR +10.0/10.0
• 1% rule +9.7/10.0
• Rent growth +3.7/5.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks

Discover the charm and modern updates this beautifully remodeled home has to offer. Featuring 3 spacious bedrooms and 1 full bath, this move-in ready property combines comfort, style, and functionality. Step inside to find a stunning, oversized kitchen designed to impress, complete with granite countertops, stainless steel appliances, and ample cabinet and prep space, perfect for everyday living and entertaining. The large den provides a versatile gathering space for relaxing, hosting guests, or creating the ideal game or media room. Outside, enjoy the expansive backyard offering endless possibilities for outdoor entertaining, gardening, pets, or simply unwinding after a long day. With thou

Key facts

• Large den
• Oversized kitchen
• Expansive backyard

Tags

• REMODELED HOME
• OVERSIZED KITCHEN
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• LARGE DEN
• EXPANSIVE BACKYARD

Property features AI

Exterior

• Parking: Attached garage (1 car)
• Security: Smoke detectors
• Utilities: Public water; Public sewer
• Home design: Residential property; Built in 1958; Slab foundation; Composition roof; Concrete road access
• Construction: Vinyl siding
• Exterior features: Fenced yard (back yard); Subdivision lot

Interior

• Kitchen: Dishwasher; Electric oven; Electric range; Built-in disposal; Microwave
• Bedrooms: 6 total rooms (includes bedrooms and living spaces)
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Granite counters

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $620 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Cap rate 11.6% vs local median 4.3% in Texas City — 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 62/100 on livability (#907 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D+, amenities F, commute 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: Simms El (math 23% / reading 24%, grade F, #3,247 of 4,322 statewide, top 76%, 475 students, 89% 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 90% FRL vs 66% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.9%/yr); 292 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 3,258 units permitted in Galveston County in 2024 (0 in 5+ unit buildings).
• This rent runs 42% of the median local income ($66k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 + 4.9% rent growth), your $43k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• 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 $155,000

Questions for the listing agent

1. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is D 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?
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: 1.47% ✓
• Cap rate: 11.61%
• Cash-on-cash: 18.98%
• DSCR: 1.84
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $181,435
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3411 Oleander Ave	0.10mi	3/1.5	1,370 (-1%)	4mo	$93,000	$68	88
3417 Cherry Ave	0.16mi	3/2.0	1,210 (-13%)	10mo	$125,000	$103	59
2814 12th Ave N	0.74mi	3/1.5	1,346 (-3%)	1mo	$172,000	$128	58
3414 Orange Ave	0.08mi	4/2.0 (+1)	1,554 (+12%)	14mo	$150,000	$97	55
2918 15th Ave N	0.59mi	3/1.0	1,538 (+11%)	1mo	$198,500	$129	53
2918 19th Ave N	0.63mi	3/2.0	1,483 (+7%)	6mo	$194,000	$131	49
3134 7th Ave N	0.58mi	4/1.0 (+1)	1,274 (-8%)	6mo	$169,900	$133	49
2910 19th Ave N	0.66mi	3/2.0	1,483 (+7%)	6mo	$182,000	$123	49
2929 8th Ave N	0.73mi	4/2.0 (+1)	1,307 (-6%)	2mo	$212,000	$162	46
3110 8th Ave N	0.58mi	3/2.0	1,586 (+14%)	3mo	$209,000	$132	42
3113 7th Ave N	0.63mi	4/2.0 (+1)	1,440 (+4%)	16mo	$219,000	$152	41
1322 29th St N	0.67mi	2/2.0 (-1)	1,526 (+10%)	16mo	$250,000	$164	29

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 · 4.91% rent growth · sell at horizon

5-year hold

• IRR: 10.8%
• Equity multiple: 1.44×
• Total profit: $18,938
• Equity at exit: $23,111

10-year hold

• IRR: 21.4%
• Equity multiple: 3.00×
• Total profit: $86,781
• Equity at exit: $13,402

Cash invested: $43,400 (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 77590

• Home prices YoY: -19.3%
• Rents YoY: 4.9%
• Active inventory: 292
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $2,277 high
• Mortgage (P&I): −$813
• Tax from tax record: −$235 /mo · $2,816/yr
• Insurance: −$65
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$478
• Net cashflow: $620

Break-even live

Break-even rent $1,492

Max offer price $155,000

Occupancy floor 68%

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3510 Oleander Ave Unit 1545914P Texas City, TX	3.0	2.0	1808	$3,902	$2.16	17d	1	0.18mi
3404 9th Ave N Texas City, TX	1.0–2.0	1.0–2.0	721	$1,525	$2.11	2d	34	0.44mi
1115 Highway 146 N Texas City, TX	1.0–2.0	1.0–2.0	757	$1,350	$1.78	1d	9	0.48mi
3106 Danforth Dr Texas City, TX	3.0	1.0	1100	$1,800	$1.64	24d	1	0.72mi
2714 5th Ave N Texas City, TX	3.0	2.0	1382	$1,800	$1.30	43d	1	1.03mi
2418 14th Ave N Texas City, TX	3.0	2.0	1488	$1,775	$1.19	3d	1	1.08mi
2526 3rd 1/2 Ave N Texas City, TX	3.0	2.0	1240	$1,550	$1.25	24d	1	1.23mi
113 N Pecan Dr Texas City, TX	4.0	2.0	1468	$3,000	$2.04	43d	1	1.32mi
4417 Edward St Texas City, TX	2.0	2.0	983	$1,100	$1.12	4d	1	1.33mi
4417 Edward St Texas City, TX	2.0	2.0	983	$1,150	$1.17	2d	1	1.33mi
2622 34th Ave N Texas City, TX	3.0	1.0	1476	$1,725	$1.17	43d	1	1.41mi
1919 13th Ave N Texas City, TX	1.0–3.0	1.0–2.0	950	$1,499	$1.58	2d	6	1.48mi

Listing history 3 events

1. 2026-06-18
   days on market $155,000 Active 2 DOM
2. 2026-06-17
   remarks 699-char remark
3. 2026-06-17
   listed $155,000 Active 1 DOM

ⓘ 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: $2,816 · $235/mo
• Projected year-2 tax: $2,836 · $236/mo
• Expected delta: +$20/yr (+$2/mo · 0.7%)

ⓘ 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 · 76% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 27 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,322
• − Mortgage interest: −$8,682
• − Property taxes: −$2,816
• − Insurance: −$1,572
• − Repairs & maintenance: −$2,186
• − Management: −$2,186
• − Depreciation: −$4,509
• Taxable income: $5,370
• Est. tax owed @ 24.0%: −$1,289
• After-tax cash flow: $6,153/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 — Texas City

• Score: 62/100
• State rank: #907
• US rank: #16268

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Texas City, TX
• County: Galveston County · 357,330 people
• City population: 49,936
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 31,642
• Household income: $65,801
• Rent vs Own: 47.6% rent · 52.4% own
• Severe rent burden: 1821.0

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: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 41% Hispanic / Latino 38% Two or more races 20% Black 17% Asian 2%
• Hispanic origin (detail): Mexican 33% Puerto Rican 1%
• Common ancestry: Lithuanian 2% Slovak 1% Italian 1%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 72% English-only · Spanish 26% Other Indo-European 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: ▼ -58.35%
• Current HPI: 244.5809
• Rent YoY: ▲ 4.91%
• 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

-18.2% since first listed

7 events — show timeline

• 2026-06-16 Listed $155,000 HARMLS
• 2025-08-26 Listing Removed — HARMLS
• 2025-05-05 Listed $171,500 HARMLS
• 2024-09-03 Listing Removed — HARMLS
• 2024-05-01 Listed $189,500 HARMLS
• 2019-05-15 Sold (Public Records) — Public Records
• 2006-07-18 Sold (Public Records) — Public Records

Property tax history

+7.8%/yr

Latest (2025): $2,816 · +21.8% YoY. Source: county tax records.