208 Preston St · La Marque, TX 77568

$157,999

3 bd · 1.0 ba · 1,364 sqft · SingleFamily public records · 7 Days on market

Built 1982 6,385 sqft lot Est $183k · 14% under ↓ 12% 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 +19.9/30.0
• ARV discount +13.6/15.0
• 1% rule +6.5/10.0
• DSCR +6.3/10.0
• Rent growth +3.5/5.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks

This charming one story 3-bedroom, 1-bathroom home features a spacious yard—perfect for outdoor living, gardening, or entertaining. Located just minutes from the beach, it offers the ideal blend of comfort and coastal lifestyle. A fantastic opportunity for first-time homebuyers or investors seeking a vacation rental or long-term property with great potential.

Key facts

• 6,385 sq ft lot
• Parking
• Built 1982

Property features AI

Finance

• Other: Seller disclosure available
• Financial info: Lease not considered

Exterior

• Parking: Attached carport; Carport for 1 vehicle
• Utilities: Public water; Public sewer
• Home design: Residential property; Single-story (entry level: first floor)
• Construction: Built in 1982; Vinyl siding and wood siding; Slab foundation
• Exterior features: Back yard fence; Yard is cleared

Interior

• Kitchen: Electric cooktop; Disposal
• Bedrooms: Primary bedroom (first floor) — approximately 10 x 11; Bedroom (first floor) — approximately 10 x 10; Bedroom (first floor) — approximately 10 x 10
• Flooring: Laminate; Tile
• Bathrooms: 1 full bathroom (first floor)
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Ceiling fan(s)
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $158k.

Deal economics

• At list price, monthly cash flow is $124 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $158k).
• Cap rate 7.7% 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, crime F, amenities 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: Hayley El (math 7% / reading 11%, grade F, #4,293 of 4,322 statewide, top 99%, 562 students, 92% 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 92% FRL vs 66% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 16% at this address vs 28% district-wide (-12 pts) — the specific schools serving this property underperform the Texas City ISD average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+4.0%/yr); 661 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 44% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $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.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 7y 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: property tax is 2.6% of price; flood insurance adds $66/mo.
• Climate carrying-cost: major 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 $157,999

Questions for the listing agent

1. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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 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?
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: 1.15% ✓
• Cap rate: 7.74%
• Cash-on-cash: 5.16%
• DSCR: 1.23
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $182,776
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
208 Preston St	0.00mi	3/1.0	1,364 (0%)	1mo	$157,999	$116	100
118 Brown St	0.14mi	3/1.0	1,275 (-6%)	1mo	$205,000	$161	82
2709 Virginia St	0.28mi	2/2.0 (-1)	1,365 (+0%)	0mo	$183,500	$134	78
3029 Taylor St	0.38mi	3/1.0	1,330 (-2%)	1mo	$135,000	$102	77
2026 Rosalee St	0.24mi	3/2.0	1,270 (-7%)	1mo	$189,000	$149	73
1716 Rosalee St	0.43mi	3/2.0	1,420 (+4%)	0mo	$110,000	$77	69
2301 Boss St	0.50mi	3/2.0	1,410 (+3%)	1mo	$239,000	$170	66
229 S Fulton St S	0.45mi	3/1.5	1,474 (+8%)	1mo	$159,900	$108	63
1708 Rosalee St	0.47mi	2/2.0 (-1)	1,316 (-4%)	1mo	$180,000	$137	62
110 N Texas St	0.52mi	2/2.0 (-1)	1,327 (-3%)	1mo	$162,250	$122	62
1815 Thompson St	0.49mi	3/2.0	1,250 (-8%)	1mo	$199,000	$159	58
7011 Anderson St	0.66mi	3/1.0	1,176 (-14%)	1mo	$80,000	$68	46

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 · 3.95% rent growth · sell at horizon

5-year hold

• IRR: -9.7%
• Equity multiple: 0.64×
• Total profit: $-15,803
• Equity at exit: $23,558

10-year hold

• IRR: 1.3%
• Equity multiple: 1.10×
• Total profit: $4,359
• Equity at exit: $13,661

Cash invested: $44,240 (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 77568

• Home prices YoY: -22.7%
• Rents YoY: 4.0%
• Active inventory: 661
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,811 high
• Mortgage (P&I): −$829
• Tax from tax record: −$346 /mo · $4,149/yr
• Insurance: −$66
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $124

Break-even live

Break-even rent $1,654

Max offer price $157,999

Occupancy floor 88%

Sensitivity live

Price	-10% $213	-5% $169	+0% $124	+5% $79	+10% $34
Rent	-10% $-19	-5% $52	+0% $124	+5% $195	+10% $267
Rate	-1.0pp $203	-0.5pp $164	base $124	+0.5pp $83	+1.0pp $41

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: $39,500
• Closing costs: $4,740
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
309 S Bell Dr Texas City, TX	2.0	2.0	1316	$1,650	$1.25	45d	1	0.37mi
1006 E Camp Cir La Marque, TX	3.0	1.0	1230	$1,500	$1.22	26d	1	0.60mi
1013 Margot St La Marque, TX	3.0	2.0	1099	$1,500	$1.36	20d	1	0.62mi
203 Beatrice St La Marque, TX	3.0	1.0	1304	$1,395	$1.07	26d	1	0.69mi
7510 Hummingbird Ln Texas City, TX	3.0	1.5	1200	$1,550	$1.29	4d	1	0.74mi
1401 Austin St La Marque, TX	4.0	3.0	1542	$2,400	$1.56	45d	1	0.81mi
619 N Vionett Ln Texas City, TX	3.0	2.0	1204	$1,550	$1.29	7d	1	0.88mi
6607 Memorial Dr Texas City, TX	2.0	1.0	936	$1,200	$1.28	45d	1	0.91mi
1230 Kirsten St La Marque, TX	3.0	2.0	1704	$1,660	$0.97	4d	1	0.94mi
14403 Daniel Shores Dr La Marque, TX	4.0	3.0–3.5	1872	$2,600	$1.39	0d	12	1.01mi
113 N Pecan Dr Texas City, TX	4.0	2.0	1468	$3,000	$2.04	45d	1	1.29mi
4417 Edward St Texas City, TX	2.0	2.0	983	$1,100	$1.12	5d	1	1.30mi
4417 Edward St Texas City, TX	2.0	2.0	983	$1,150	$1.17	4d	1	1.30mi
1825 Bayou Rd La Marque, TX	2.0	1.0	1200	$1,195	$1.00	45d	1	1.31mi
7561 Medical Center Dr Texas City, TX	2.0	2.0	892	$1,113	$1.25	45d	1	1.37mi
2729 Main St La Marque, TX	2.0	1.0–2.0	864	$950	$1.10	0d	3	1.41mi
8208 Ash Rd Texas City, TX	4.0	2.0	1701	$1,795	$1.06	45d	1	1.43mi
509 Bluebonnet Dr La Marque, TX	4.0	1.0	1223	$1,550	$1.27	45d	1	1.47mi

Listing history 21 events

1. 2026-05-16
   status Pending 367-char remark
2. 2026-05-08
   status Pending 367-char remark
3. 2026-05-08
   listed $157,999 Active 367-char remark
4. 2026-05-07
   historical
5. 2026-01-14
   price $157,999
6. 2025-12-19
   price $162,999
7. 2025-10-22
   listed $169,999 Active
8. 2025-10-22
   historical
9. 2025-08-19
   price $175,000
10. 2025-05-30
    listed $180,000 Active
11. 2024-02-08
    historical
12. 2023-02-27
    listed $200,000 Active
13. 2022-02-16
    price $1,550
14. 2021-07-07
    soldstatus
15. 2019-07-05
    soldstatus
16. 2019-07-03
    soldstatus Sold
17. 2019-05-16
    status Pending
18. 2019-05-14
    listed $180,000 Active
19. 2018-11-28
    soldstatus
20. 2015-07-01
    soldstatus
21. 2001-06-12
    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: $4,149 · $346/mo
• Projected year-2 tax: $4,149 · $346/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 7/10 Severe FEMA zone X (shaded) · 74% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥110°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,729
• − Mortgage interest: −$8,850
• − Property taxes: −$4,149
• − Insurance: −$1,587
• − Repairs & maintenance: −$1,738
• − Management: −$1,738
• − Depreciation: −$4,596
• Taxable loss: −$930
• Est. tax savings @ 24.0%: +$223
• After-tax cash flow: $1,710/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 — 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
• County: Galveston County · 357,330 people
• City population: 23,083
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 23,083
• Household income: $74,694
• Rent vs Own: 28.0% rent · 72.0% own
• Severe rent burden: 700.0

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: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: White 37% Hispanic / Latino 29% Black 26% Two or more races 17% Asian 3%
• Hispanic origin (detail): Mexican 22% Puerto Rican 1%
• Common ancestry: Lithuanian 1% Italian 1% Serbian 1%
• Foreign-born: 8% · Canada
• Languages at home: 77% English-only · Spanish 21% Tagalog/Filipino 1% Other Asian/Pacific 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: ▼ -69.39%
• Current HPI: 236.0239
• Rent YoY: ▲ 3.95%
• 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

-12.2% since first listed

22 events — show timeline

• 2026-06-04 Sold (MLS) — HARMLS
• 2026-05-16 Pending — HARMLS
• 2026-05-08 Pending — HARMLS
• 2026-05-08 Listed $157,999 HARMLS
• 2026-05-07 Listing Removed — HARMLS
• 2026-01-14 Price Changed $157,999 HARMLS
• 2025-12-19 Price Changed $162,999 HARMLS
• 2025-10-22 Listing Removed — HARMLS
• 2025-10-22 Listed $169,999 HARMLS
• 2025-08-19 Price Changed $175,000 HARMLS
• 2025-05-30 Listed $180,000 HARMLS
• 2024-02-08 Listing Removed — HARMLS
• 2023-02-27 Listed $200,000 HARMLS
• 2022-02-16 Price Changed $1,550 RENT.
• 2021-07-07 Sold (Public Records) — Public Records
• 2019-07-05 Sold (Public Records) — Public Records
• 2019-07-03 Sold (MLS) — HARMLS
• 2019-05-16 Pending — HARMLS
• 2019-05-14 Listed $180,000 HARMLS
• 2018-11-28 Sold (Public Records) — Public Records
• 2015-07-01 Sold (Public Records) — Public Records
• 2001-06-12 Sold (Public Records) — Public Records

Property tax history

+16.1%/yr

Latest (2025): $4,149 · -0.8% YoY. Source: county tax records.