1C Prairie Knoll Dr · La Marque, TX 77510

$214,900

2 bd · 2.0 ba · 1,336 sqft · Townhouse · 239 Days on market

Built 2002 Fair condition 6,300 sqft lot $161/sqft · at area comps Est $216k · at est. ↓ 10% since listing

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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 +18.0/30.0
• ARV discount +7.7/15.0
• DSCR +5.7/10.0
• 1% rule +4.8/10.0
• Schools +3.5/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step inside this charming townhome in La Marque, nestled in the SFISD School District. Enjoy vaulted ceilings, a spacious living area, separate dining space, 2 bedrooms with walk-in closets, 2 bathrooms with spa tubs, and a 1 car garage. The fenced backyard, city services, and attached storage room enhance its allure. Recent updates include a new AC/Heat system and dishwasher. Conveniently located near I 45, shops, and restaurants, just 20 minutes from Galveston and 30 minutes from Houston. Perfect for college students!

Key facts

• Spa tubs
• Walk-in closet
• New ac heat system

Tags

• FENCED BACKYARD
• ATTACHED STORAGE ROOM
• WALK-IN CLOSET
• PRIVATE BATHROOM
• SPA TUBS
• NEW AC HEAT SYSTEM

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath townhouse listed at $215k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $186 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $212k (1.5% below list).
• Recommended offer: $189k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.3% vs local median 5.6% in La Marque — 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 59/100 on livability (#1,136 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: employment D, schools F, crime 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; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 239 days — a 12% lower offer ($189k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $189,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 239 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. 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?
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. 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?
8. 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.
9. 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.
10. 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: 0.98% ✗
• Cap rate: 7.33%
• Cash-on-cash: 3.72%
• DSCR: 1.17
• GRM: 8.5

CMA / ARV

• ARV (median comp): $216,080
• List price: $214,900
• Delta: -0.55%
• Verdict: FAIR
• Comps: 1 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1 Prairie Knoll Dr Unit B	0.02mi	2/2.0	1,336 (0%)	9mo	$225,000	$168	92

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: -10.5%
• Equity multiple: 0.62×
• Total profit: $-22,922
• Equity at exit: $32,042

10-year hold

• IRR: -1.1%
• Equity multiple: 0.92×
• Total profit: $-4,547
• Equity at exit: $18,581

Cash invested: $60,172 (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: 8.5×

Monthly cashflow live

• Estimated rent: $2,116 medium
• Mortgage (P&I): −$1,127
• Tax est. 1.5%: −$269 /mo · $3,224/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$444
• Net cashflow: $186

Break-even live

Break-even rent $1,880

Max offer price $214,900

Occupancy floor 86%

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: $53,725
• Closing costs: $6,447
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
114 Mustang Stampede Dr La Marque, TX	3.0	2.0	1752	$2,050	$1.17	1d	1	0.51mi
12524 Jetty Cv Santa Fe, TX	3.0	2.0	1803	$2,506	$1.39	22d	1	0.85mi
3301 Gulf Fwy La Marque, TX	1.0–3.0	1.0–2.0	991	$1,955	$1.97	2d	22	1.32mi
3210 Gulf Fwy Texas City, TX	1.0–2.0	1.0–2.0	872	$1,780	$2.04	1d	13	1.46mi

Listing history 14 events

1. 2026-06-15
   days on market $214,900 Active 239 DOM
2. 2026-06-13
   days on market $214,900 Active 237 DOM
3. 2026-06-09
   days on market $214,900 Active 233 DOM
4. 2026-06-08
   days on market $214,900 Active 232 DOM
5. 2026-06-07
   days on market $214,900 Active 231 DOM
6. 2026-06-04
   days on market $214,900 Active 228 DOM
7. 2026-06-03
   days on market $214,900 Active 227 DOM
8. 2026-06-02
   days on market $214,900 Active 226 DOM
9. 2026-06-01
   days on market $214,900 Active 225 DOM
10. 2026-05-31
    days on market $214,900 Active 224 DOM
11. 2026-05-06
    price $214,900 525-char remark

    Show marketing remark (525 chars)

    Step inside this charming townhome in La Marque, nestled in the SFISD School District. Enjoy vaulted ceilings, a spacious living area, separate dining space, 2 bedrooms with walk-in closets, 2 bathrooms with spa tubs, and a 1 car garage. The fenced backyard, city services, and attached storage room enhance its allure. Recent updates include a new AC/Heat system and dishwasher. Conveniently located near I 45, shops, and restaurants, just 20 minutes from Galveston and 30 minutes from Houston. Perfect for college students!

12. 2026-02-16
    price $228,000 525-char remark

    Show marketing remark (525 chars)

    Step inside this charming townhome in La Marque, nestled in the SFISD School District. Enjoy vaulted ceilings, a spacious living area, separate dining space, 2 bedrooms with walk-in closets, 2 bathrooms with spa tubs, and a 1 car garage. The fenced backyard, city services, and attached storage room enhance its allure. Recent updates include a new AC/Heat system and dishwasher. Conveniently located near I 45, shops, and restaurants, just 20 minutes from Galveston and 30 minutes from Houston. Perfect for college students!

13. 2025-11-03
    price $234,900 525-char remark

    Show marketing remark (525 chars)

    Step inside this charming townhome in La Marque, nestled in the SFISD School District. Enjoy vaulted ceilings, a spacious living area, separate dining space, 2 bedrooms with walk-in closets, 2 bathrooms with spa tubs, and a 1 car garage. The fenced backyard, city services, and attached storage room enhance its allure. Recent updates include a new AC/Heat system and dishwasher. Conveniently located near I 45, shops, and restaurants, just 20 minutes from Galveston and 30 minutes from Houston. Perfect for college students!

14. 2025-10-18
    listed $238,000 Active 525-char remark

    Show marketing remark (525 chars)

    Step inside this charming townhome in La Marque, nestled in the SFISD School District. Enjoy vaulted ceilings, a spacious living area, separate dining space, 2 bedrooms with walk-in closets, 2 bathrooms with spa tubs, and a 1 car garage. The fenced backyard, city services, and attached storage room enhance its allure. Recent updates include a new AC/Heat system and dishwasher. Conveniently located near I 45, shops, and restaurants, just 20 minutes from Galveston and 30 minutes from Houston. Perfect for college students!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (shaded) · 12% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥110°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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,390
• − Mortgage interest: −$12,038
• − Property taxes: −$3,224
• − Insurance: −$1,074
• − Repairs & maintenance: −$2,031
• − Management: −$2,031
• − Depreciation: −$6,252
• Taxable loss: −$1,260
• Est. tax savings @ 24.0%: +$302
• After-tax cash flow: $2,539/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.

Condition & rehab AI · 0 photos

Fair 45/100 Moderate rehab

This townhome requires moderate repairs and maintenance to improve its condition and value. Painting, updating the exterior, and refinishing floors would significantly enhance its curb appeal and resale value.

Repairs flagged

• Minor kitchen cabinets — Light wear and tear
• Minor bathroom fixtures — Signs of age
• Minor exterior siding — Discoloration
• Minor hardwood floors — Worn in some areas
• Minor interior walls — Paint faded
• Minor windows — May need cleaning

Value-add opportunities

• Both Painting and updating exterior siding — Enhances curb appeal and value
• Both Landscaping and garden beds — Improves curb appeal and adds value
• Both Floor refinishing — Restores worn hardwood floors and adds value
• Both Painting interior walls — Fresh paint enhances the home's appearance and value

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · Light wear and tear	Minor	$500–3,000
bathroom fixtures · Signs of age	Minor	$500–3,000
exterior siding · Discoloration	Minor	$500–3,000
hardwood floors · Worn in some areas	Minor	$500–3,000
interior walls · Paint faded	Minor	$500–3,000
windows · May need cleaning	Minor	$500–3,000
Total estimated repair cost · 6 items		$3,000–18,000

Value-add ROI direction

• Both Painting and updating exterior siding — Enhances curb appeal and value ↑
• Both Landscaping and garden beds — Improves curb appeal and adds value ↑
• Both Floor refinishing — Restores worn hardwood floors and adds value ↑
• Both Painting interior walls — Fresh paint enhances the home's appearance and value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — La Marque

• Score: 59/100
• State rank: #1136
• US rank: #20037

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: La Marque, 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

-9.7% since first listed

4 events — show timeline

• 2026-05-06 Price Changed $214,900 HARMLS
• 2026-02-16 Price Changed $228,000 HARMLS
• 2025-11-03 Price Changed $234,900 HARMLS
• 2025-10-18 Listed $238,000 HARMLS