4718 Palmetto St · Bacliff, TX 77518

$133,999

2 bd · 1.0 ba · 990 sqft · SingleFamily public records · 108 Days on market

Built 1967 6,250 sqft lot $135/sqft · 12% below area Est $152k · 12% under

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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 +25.3/30.0
• ARV discount +12.8/15.0
• DSCR +8.3/10.0
• 1% rule +7.0/10.0
• Schools +5.0/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Quaint 2 bed 1 bath ready for Move In. Great for first time homebuyers or investors. Newer white cabinets throughout, granite counters, nice backsplash. Located a couple of blocks from the bay, close to the Kemah Boardwalk, Galveston, shopping, and dining.

Key facts

• Newer white cabinets
• Granite counters
• Close to the bay

Tags

• NEWER WHITE CABINETS
• GRANITE COUNTERS
• NICE BACKSPLASH
• CLOSE TO THE BAY
• CLOSE TO THE KEMAH BOARDWALK
• CLOSE TO SHOPPING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $134k.

Deal economics

• At list price, monthly cash flow is $238 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $134k).
• Recommended offer: $122k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 5.1% in Bacliff — 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 57/100 on livability (#1,252 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: employment D+, crime D, schools F.
• Market conditions: 62 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 3,258 units permitted in Galveston County in 2024 (0 in 5+ unit buildings).
• This rent runs 37% of the median local income ($51k/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 $926 of loan paydown is wiped out by about $4k 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 108 days — a 9% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 18y 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.
• Climate carrying-cost: severe flood risk; 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 $121,939 (9.0% below list)

Questions for the listing agent

1. It's been on market 108 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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?
7. 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?
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: 1.20% ✓
• Cap rate: 9.02%
• Cash-on-cash: 9.74%
• DSCR: 1.43
• GRM: 6.9

CMA / ARV

• ARV (median comp): $151,708
• List price: $133,999
• Delta: -11.67%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4730 Oleander St	0.12mi	3/1.0 (+1)	915 (-8%)	0mo	$135,000	$148	76
107 Donna Ln	0.36mi	2/1.0	1,120 (+13%)	1mo	$99,000	$88	61
4446 1st St	0.34mi	2/1.0	1,024 (+3%)	22mo	$125,500	$123	60
4222 Houx St	0.67mi	2/1.0	944 (-5%)	17mo	$159,900	$169	47
4520 1/2 5th St	0.51mi	3/1.0 (+1)	1,099 (+11%)	12mo	$112,500	$102	43
4705 8th St	0.62mi	1/1.0 (-1)	880 (-11%)	22mo	$385,000	$438	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -4.6%
• Equity multiple: 0.83×
• Total profit: $-6,452
• Equity at exit: $19,980

10-year hold

• IRR: 5.1%
• Equity multiple: 1.38×
• Total profit: $14,280
• Equity at exit: $11,586

Cash invested: $37,520 (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 77518

• Home prices YoY: -7.6%
• Active inventory: 62
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,607 medium
• Mortgage (P&I): −$703
• Tax from tax record: −$206 /mo · $2,476/yr
• Insurance: −$56
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $238

Break-even live

Break-even rent $1,305

Max offer price $133,999

Occupancy floor 80%

Sensitivity live

Price	-10% $314	-5% $276	+0% $238	+5% $200	+10% $162
Rent	-10% $111	-5% $175	+0% $238	+5% $302	+10% $365
Rate	-1.0pp $306	-0.5pp $272	base $238	+0.5pp $204	+1.0pp $168

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: $33,500
• Closing costs: $4,020
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
804 E AVE Unit 2 Bacliff, TX	2.0	1.0	850	$1,100	$1.29	45d	1	0.51mi
320 Louisiana Ave Bacliff, TX	2.0	1.0	786	$2,150	$2.74	0d	1	0.92mi

Listing history 43 events

1. 2026-06-21
   days on market $133,999 Active 108 DOM
2. 2026-06-18
   days on market $133,999 Active 105 DOM
3. 2026-06-17
   days on market $133,999 Active 104 DOM
4. 2026-06-16
   days on market $133,999 Active 103 DOM
5. 2026-06-15
   days on market $133,999 Active 102 DOM
6. 2026-06-13
   days on market $133,999 Active 100 DOM
7. 2026-06-09
   days on market $133,999 Active 96 DOM
8. 2026-06-08
   days on market $133,999 Active 95 DOM
9. 2026-06-07
   days on market $133,999 Active 94 DOM
10. 2026-06-04
    days on market $133,999 Active 91 DOM
11. 2026-06-03
    days on market $133,999 Active 90 DOM
12. 2026-06-02
    days on market $133,999 Active 89 DOM
13. 2026-06-01
    days on market $133,999 Active 88 DOM
14. 2026-05-31
    days on market $133,999 Active 87 DOM
15. 2026-03-24
    price $133,999 256-char remark

    Show marketing remark (256 chars)

    Quaint 2 bed 1 bath ready for Move In. Great for first time homebuyers or investors. Newer white cabinets throughout, granite counters, nice backsplash. Located a couple of blocks from the bay, close to the Kemah Boardwalk, Galveston, shopping, and dining.

16. 2026-03-05
    listed $139,000 Active 256-char remark

    Show marketing remark (256 chars)

    Quaint 2 bed 1 bath ready for Move In. Great for first time homebuyers or investors. Newer white cabinets throughout, granite counters, nice backsplash. Located a couple of blocks from the bay, close to the Kemah Boardwalk, Galveston, shopping, and dining.

17. 2026-01-19
    historical
18. 2025-12-02
    price $143,000
19. 2025-09-17
    listed $146,000 Active
20. 2025-09-17
    historical
21. 2025-03-05
    price $149,000
22. 2025-02-06
    price $154,000
23. 2024-12-16
    price $159,000
24. 2024-11-13
    listed $164,000 Active
25. 2024-11-12
    historical
26. 2024-06-20
    price $164,000
27. 2024-04-04
    price $169,000
28. 2023-11-29
    price $175,000
29. 2023-11-07
    listed $180,000 Active
30. 2023-11-03
    historical
31. 2023-09-15
    price $196,900
32. 2023-05-12
    price $199,000
33. 2023-04-25
    price $204,000
34. 2023-02-24
    price $209,000
35. 2022-11-17
    listed $219,000 Active
36. 2019-08-19
    soldstatus
37. 2014-09-25
    historical
38. 2013-10-14
    listed $47,520
39. 2012-11-01
    historical
40. 2011-10-26
    listed $47,520
41. 2010-06-27
    historical
42. 2008-06-15
    listed $95,000
43. 1992-08-28
    soldstatus

ⓘ 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: $2,476 · $206/mo
• Projected year-2 tax: $2,476 · $206/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 8/10 Severe FEMA zone X (shaded) · 97% 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 10/10 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: $19,284
• − Mortgage interest: −$7,506
• − Property taxes: −$2,476
• − Insurance: −$1,467
• − Repairs & maintenance: −$1,543
• − Management: −$1,543
• − Depreciation: −$3,898
• Taxable income: $851
• Est. tax owed @ 24.0%: −$204
• After-tax cash flow: $2,654/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)

No district data.

Livability — Bacliff

• Score: 57/100
• State rank: #1252
• US rank: #21864

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bacliff, TX
• County: Galveston County · 357,330 people
• City population: 9,541
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 9,541
• Household income: $51,458
• Rent vs Own: 38.2% rent · 61.8% own
• Severe rent burden: 672.0

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 0.60)
• Race & ethnicity: Hispanic / Latino 46% White 43% Two or more races 21% Black 7% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 31%
• Common ancestry: Slovak 3% Lithuanian 2% Romanian 1%
• Foreign-born: 15% · Canada, Vietnam, China
• Languages at home: 66% English-only · Spanish 32% Vietnamese 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: ▼ -24.15%
• Current HPI: 293.2677
• Rent YoY: —
• 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

+41.1% since first listed

29 events — show timeline

• 2026-03-24 Price Changed $133,999 HARMLS
• 2026-03-05 Listed $139,000 HARMLS
• 2026-01-19 Listing Removed — HARMLS
• 2025-12-02 Price Changed $143,000 HARMLS
• 2025-09-17 Listing Removed — HARMLS
• 2025-09-17 Listed $146,000 HARMLS
• 2025-03-05 Price Changed $149,000 HARMLS
• 2025-02-06 Price Changed $154,000 HARMLS
• 2024-12-16 Price Changed $159,000 HARMLS
• 2024-11-13 Listed $164,000 HARMLS
• 2024-11-12 Listing Removed — HARMLS
• 2024-06-20 Price Changed $164,000 HARMLS
• 2024-04-04 Price Changed $169,000 HARMLS
• 2023-11-29 Price Changed $175,000 HARMLS
• 2023-11-07 Listed $180,000 HARMLS
• 2023-11-03 Listing Removed — HARMLS
• 2023-09-15 Price Changed $196,900 HARMLS
• 2023-05-12 Price Changed $199,000 HARMLS
• 2023-04-25 Price Changed $204,000 HARMLS
• 2023-02-24 Price Changed $209,000 HARMLS
• 2022-11-17 Listed $219,000 HARMLS
• 2019-08-19 Sold (Public Records) — Public Records
• 2014-09-25 Listing Removed — HARMLS
• 2013-10-14 Listed $47,520 HARMLS
• 2012-11-01 Listing Removed — HARMLS
• 2011-10-26 Listed $47,520 HARMLS
• 2010-06-27 Listing Removed — HARMLS
• 2008-06-15 Listed $95,000 HARMLS
• 1992-08-28 Sold (Public Records) — Public Records

Property tax history

+8.9%/yr

Latest (2025): $2,476 · +0.7% YoY. Source: county tax records.