1709 E 2nd St · Petersburg, TX 79250

$63,049

3 bd · 1.0 ba · 1,123 sqft · SingleFamily public records · 370 Days on market

Built 1937 8,537 sqft lot

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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
• Appreciation +4.8/10.0
• Schools +4.4/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

FIXER UPPER! Lovely one-story home available and conveniently located in Petersburg, TX, 1709 E 2nd St is a renovation-ready home that offers a variety of nearby attractions within easy reach. Just a short distance away, residents can find essential amenities such as grocery stores, pharmacies, and banks, ensuring convenience for everyday needs. Additionally, recreational parks such Petersburg City Park are just a stone's throw away. formation! The home is being sold AS IS but has a lot of potential. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

Key facts

• Essential amenities
• Recreational parks
• One story home

Tags

• ONE STORY HOME
• RENOVATION READY HOME
• NEARBY ATTRACTIONS
• ESSENTIAL AMENITIES
• RECREATIONAL PARKS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $63k.

Deal economics

• At list price, monthly cash flow is $433 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $63k).
• Recommended offer: $55k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#637 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: health & safety C-, schools D+, employment D.
• Petersburg ISD (rural): math 55% / reading 45% proficiency, ranked #387 of 1,141 in TX (top 34%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 6 active listings in the ZIP; 13 units permitted in Hale County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $238 of equity ($436 loan paydown + $-198 appreciation (-0.3% local appreciation)).
• Hale County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-0.3% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 370 days — a 12% lower offer ($55k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1937 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $55,483 (12.0% below list)

Questions for the listing agent

1. It's been on market 370 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 1937 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 D-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. 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: 1.74% ✓
• Cap rate: 14.53%
• Cash-on-cash: 29.40%
• DSCR: 2.31
• GRM: 4.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.31% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 29.3%
• Equity multiple: 2.40×
• Total profit: $24,796
• Equity at exit: $17,325

10-year hold

• IRR: 33.3%
• Equity multiple: 4.65×
• Total profit: $64,366
• Equity at exit: $20,057

Cash invested: $17,654 (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 79250

• Home prices YoY: -0.3%
• Active inventory: 6
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,094 medium
• Mortgage (P&I): −$331
• Tax from tax record: −$75 /mo · $897/yr
• Insurance: −$26
• HOA: −$0
• Vacancy / Maint / Mgmt: −$230
• Net cashflow: $433

Break-even live

Break-even rent $546

Max offer price $63,049

Occupancy floor 55%

Sensitivity live

Price	-10% $468	-5% $450	+0% $433	+5% $415	+10% $397
Rent	-10% $346	-5% $389	+0% $433	+5% $476	+10% $519
Rate	-1.0pp $464	-0.5pp $449	base $433	+0.5pp $416	+1.0pp $400

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: $15,762
• Closing costs: $1,891
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-21
   days on market $63,049 Active 370 DOM
2. 2026-06-19
   days on market $63,049 Active 368 DOM
3. 2026-06-18
   days on market $63,049 Active 367 DOM
4. 2026-06-17
   days on market $63,049 Active 366 DOM
5. 2026-06-16
   days on market $63,049 Active 365 DOM
6. 2026-06-15
   days on market $63,049 Active 364 DOM
7. 2026-06-14
   days on market $63,049 Active 362 DOM
8. 2026-06-12
   days on market $63,049 Active 361 DOM
9. 2026-06-09
   days on market $63,049 Active 358 DOM
10. 2026-06-08
    days on market $63,049 Active 357 DOM
11. 2026-06-07
    days on market $63,049 Active 356 DOM
12. 2026-06-05
    days on market $63,049 Active 354 DOM
13. 2026-06-03
    days on market $63,049 Active 352 DOM
14. 2026-06-02
    days on market $63,049 Active 351 DOM
15. 2026-06-01
    days on market $63,049 Active 350 DOM
16. 2026-05-31
    days on market $63,049 Active 349 DOM
17. 2026-05-30
    days on market $63,049 Active 348 DOM
18. 2025-06-16
    listed $63,049 Active 730-char remark

    Show marketing remark (730 chars)

    FIXER UPPER! Lovely one-story home available and conveniently located in Petersburg, TX, 1709 E 2nd St is a renovation-ready home that offers a variety of nearby attractions within easy reach. Just a short distance away, residents can find essential amenities such as grocery stores, pharmacies, and banks, ensuring convenience for everyday needs. Additionally, recreational parks such Petersburg City Park are just a stone's throw away. formation! The home is being sold AS IS but has a lot of potential. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

19. 2023-09-05
    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: $897 · $75/mo
• Projected year-2 tax: $1,154 · $96/mo
• Expected delta: +$256/yr (+$21/mo · 28.6%)

ⓘ 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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% 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: $13,128
• − Mortgage interest: −$3,532
• − Property taxes: −$897
• − Insurance: −$315
• − Repairs & maintenance: −$1,050
• − Management: −$1,050
• − Depreciation: −$1,834
• Taxable income: $4,449
• Est. tax owed @ 24.0%: −$1,068
• After-tax cash flow: $4,123/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: Petersburg ISD
• NCES district ID: 4834680
• Math proficiency: 55% ▲ 10.00%
• Reading proficiency: 45% ▬ 0.00%
• Median HH income: $41,099
• Composite: 43.98/100
• National rank: #6270
• State rank: #387 of 1141 in TX

Livability — Petersburg

• Score: 66/100
• State rank: #637
• US rank: #12148

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Petersburg, TX
• Population (ZIP): 1,089

Population outlook (Hale County) Hauer SSP2

• Today (2025): 30,851 people
• By 2030: 29,158 · -5.5%
• By 2040: 25,681 · -16.8%
• By 2050: 22,420 · -27.3%
• By 2075: 15,857 · -48.6%
• By 2100: 10,500 · -66.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (59%)
• Race & ethnicity: Hispanic / Latino 59% White 40% Two or more races 14%
• Hispanic origin (detail): Mexican 58%
• Common ancestry: Iranian 1% Lithuanian 1% Slovak 1%
• Foreign-born: 5% · Canada
• Languages at home: 52% English-only · Spanish 48%

Political lean MEDSL · Hale

• 2024 margin: Solid R (+58.0) · D 20.5% · R 78.5%
• 2008→2024 swing: -13.1pp toward R · 2008: -44.9pp · 2024: -58.0pp
• All cycles: 2024: R+58.0 2020: R+51.1 2016: R+48.4 2012: R+47.8 2008: R+44.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.31%
• Current HPI: 91.4792
• 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

2 events — show timeline

• 2025-06-16 Listed $63,049 HARMLS
• 2023-09-05 Sold (Public Records) — Public Records

Property tax history

+7.5%/yr

Latest (2025): $897 · -1.8% YoY. Source: county tax records.