2814 Avenue L · Galveston, TX 77550

$199,900

3 bd · 1.0 ba · 1,398 sqft · SingleFamily public records · 37 Days on market

Built 1980 5,135 sqft lot $143/sqft · 23% below area Est $333k · 40% under

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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).

• ARV discount +15.0/15.0
• Cash flow +14.4/30.0
• DSCR +4.4/10.0
• 1% rule +4.1/10.0
• Livability +3.8/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Galveston cottage ready for your personal touches. One story old charmer with original woodwork. Attic can easily be converted into a bedroom. House in being sold as is. HURRY UP AND MAKE AN OFFER!

Key facts

• 5,135 sq ft lot
• Built 1980
• Listed 36 days

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Residential property; Built in 1980; Pillar/post/pier foundation
• Construction: Wood siding construction; Composition roof
• Exterior features: Subdivision lot

Interior

• Bedrooms: Three bedrooms on the first floor (approx. 10x10, 12x10, 12x10)
• Bathrooms: 1 full bathroom
• Interior features: 3 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $-385 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $132k (34.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $181k (9.4% below list).
• Recommended offer: $132k (34.1% below list) — sets the bar for cash-flow.
• Cap rate 6.5% vs local median 0.1% in Galveston — 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 76/100 on livability (#108 in TX, #3,559 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: amenities D+, employment D, crime F.
• Galveston ISD (town): math 33% / reading 39% proficiency, ranked #514 of 826 in TX (top 62%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-1.1%/yr); 622 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% 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).
• At $1,811/mo this rent would consume 48% of the median local household income ($45k/yr) (locally 2193% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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 37 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y 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 $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $131,818 (34.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 34% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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. 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?
7. 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.
8. 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.
9. 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: 0.91% ✗
• Cap rate: 6.54%
• Cash-on-cash: 0.88%
• DSCR: 1.04
• GRM: 9.2

CMA / ARV

• ARV (median comp): $333,256
• List price: $199,900
• Delta: -40.02%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2412 Winnie St	0.45mi	3/2.5	1,458 (+4%)	1mo	$249,900	$171	65
3535 Avenue M	0.55mi	4/2.0 (+1)	1,420 (+2%)	0mo	$355,000	$250	62
3609 Avenue O	0.66mi	3/2.0	1,394 (-0%)	6mo	$325,000	$233	60
3533 Avenue M	0.55mi	4/2.0 (+1)	1,420 (+2%)	5mo	$359,500	$253	59
3210 Ursuline St	0.34mi	2/2.0 (-1)	1,256 (-10%)	1mo	$279,500	$223	57
2112 Ursuline	0.55mi	2/1.0 (-1)	1,540 (+10%)	2mo	$330,000	$214	51
3527 Avenue O	0.63mi	3/2.0	1,300 (-7%)	6mo	$395,000	$304	49
3421 Bernardo De Galvez Ave	0.64mi	2/2.0 (-1)	1,456 (+4%)	8mo	$374,900	$257	48
3024 Avenue R	0.70mi	3/1.0	1,242 (-11%)	5mo	$199,000	$160	44
3513 Ursuline St	0.54mi	3/4.0	1,220 (-13%)	1mo	$269,900	$221	40
1910 Avenue M 1/2	0.67mi	4/2.0 (+1)	1,538 (+10%)	5mo	$299,000	$194	39
3602 Avenue K	0.55mi	2/2.0 (-1)	1,208 (-14%)	6mo	$187,750	$155	37

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -35.5%
• Equity multiple: -0.11×
• Total profit: $-61,951
• Equity at exit: $29,806

10-year hold

• IRR: -81.2%
• Equity multiple: -0.87×
• Total profit: $-104,867
• Equity at exit: $17,284

Cash invested: $55,972 (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 77550

• Home prices YoY: -32.9%
• Rents YoY: -1.1%
• Active inventory: 622
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,811 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$258 /mo · $3,094/yr
• Insurance: −$83
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $-385

Break-even live

Break-even rent $2,299

Max offer price $131,818

Occupancy floor —

Sensitivity live

Price	-10% $-272	-5% $-329	+0% $-385	+5% $-442	+10% $-499
Rent	-10% $-528	-5% $-457	+0% $-385	+5% $-314	+10% $-242
Rate	-1.0pp $-285	-0.5pp $-335	base $-385	+0.5pp $-437	+1.0pp $-490

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2727 Avenue K Galveston, TX	3.0	1.0	972	$1,900	$1.95	44d	1	0.05mi
2711 Avenue K Unit 12 Galveston, TX	3.0	1.0	950	$1,325	$1.39	44d	1	0.10mi
2711 Avenue K Unit 9 Galveston, TX	3.0	1.0	950	$1,650	$1.74	21d	1	0.10mi
2711 Avenue K Unit 10 Galveston, TX	3.0	1.0	950	$1,295	$1.36	21d	1	0.10mi
3002 Avenue K Galveston, TX	4.0	2.5	1500	$3,175	$2.12	44d	1	0.12mi
2921 Avenue H Unit H Galveston, TX	2.0	2.0	925	$1,263	$1.37	44d	1	0.23mi
2915 Avenue H Galveston, TX	2.0–3.0	1.5–3.0	1118	$2,100	$1.88	2d	15	0.23mi
2814 Avenue O 1/2 Galveston, TX	2.0	1.0	1105	$1,400	$1.27	44d	1	0.39mi
3409 Avenue L Unit Le Bleu Sirene Galveston, TX	2.0	1.0	1006	$1,600	$1.59	44d	1	0.41mi
3501 Avenue M Galveston, TX	3.0	1.0	950	$1,240	$1.31	44d	1	0.49mi
1801 Rosenberg St Unit HOUSE Galveston, TX	3.0	3.5	1288	$2,700	$2.10	44d	1	0.49mi
3523 Avenue L Unit L Galveston, TX	3.0	2.0	1500	$2,250	$1.50	44d	1	0.52mi
2001 29th St Galveston, TX	2.0	1.0	1109	$1,400	$1.26	44d	1	0.54mi
3010 Avenue Q Galveston, TX	2.0	1.0	1045	$1,400	$1.34	44d	1	0.59mi
1927 Avenue M 1/2 Galveston, TX	3.0	1.0	1085	$1,699	$1.57	12d	3	0.66mi
3718 Avenue M 1/2 Unit Rear Up Galveston, TX	3.0	1.0	936	$1,275	$1.36	44d	1	0.66mi
3808 Avenue L Unit L Galveston, TX	3.0	2.0	1800	$2,250	$1.25	44d	1	0.70mi
1814 N Avenue 1/2 Unit 1/2 REAR Galveston, TX	2.0	1.0	1715	$1,550	$0.90	25d	1	0.78mi
1807 N AVE Unit 2 Galveston, TX	3.0	1.0	1248	$1,450	$1.16	22d	1	0.78mi
3602 Avenue Q 1/2 Galveston, TX	2.0	1.0	1416	$2,500	$1.77	44d	1	0.84mi
2221 35th St Galveston, TX	2.0	1.0	1080	$1,300	$1.20	16d	1	0.85mi
2221 35th St Unit UP Galveston, TX	2.0	1.0	1080	$1,300	$1.20	19d	1	0.85mi
4025 Avenue M Unit M Galveston, TX	3.0	3.0	1628	$2,490	$1.53	44d	1	0.88mi
4020 Avenue O 1/2 Galveston, TX	3.0	1.0	916	$1,350	$1.47	2d	1	0.96mi
2427 35th St Galveston, TX	3.0	2.5	1540	$2,500	$1.62	44d	1	0.96mi
4217 Sealy St Galveston, TX	2.0	1.0	900	$850	$0.94	44d	1	1.02mi
4309 Ursuline Ave Unit 1flr Galveston, TX	2.0	1.0	1600	$1,500	$0.94	44d	1	1.10mi
1524 Avenue B Galveston, TX	1.0–3.0	1.0–2.5	1067	$2,100	$1.97	19d	11	1.12mi
606 14th St Galveston, TX	2.0	1.0	900	$1,700	$1.89	44d	1	1.12mi
4406 Avenue N Galveston, TX	2.0	2.0	1197	$1,230	$1.03	4d	1	1.13mi
1526 Harborside Dr Galveston, TX	2.0	1.0	1034	$1,662	$1.61	44d	1	1.16mi
3828 S Avenue 1/2 Galveston, TX	2.0	1.0	1770	$1,600	$0.90	21d	1	1.17mi
1124 Church St Galveston, TX	3.0	2.0	1868	$3,500	$1.87	44d	1	1.28mi
1002 11th St #8 Galveston, TX	2.0	1.0	900	$1,500	$1.67	11d	1	1.28mi
525 11th St Galveston, TX	2.0	2.0	960	$1,295	$1.35	44d	1	1.31mi
912 Church St Galveston, TX	3.0	1.0	1200	$1,200	$1.00	44d	1	1.43mi
4420 Avenue T Galveston, TX	3.0	2.0	1260	$2,100	$1.67	44d	1	1.50mi

Listing history 19 events

1. 2026-06-18
   days on market $199,900 Active 37 DOM
2. 2026-06-17
   days on market $199,900 Active 36 DOM
3. 2026-06-16
   days on market $199,900 Active 35 DOM
4. 2026-06-15
   days on market $199,900 Active 34 DOM
5. 2026-06-13
   days on market $199,900 Active 32 DOM
6. 2026-06-09
   days on market $199,900 Active 28 DOM
7. 2026-06-08
   days on market $199,900 Active 27 DOM
8. 2026-06-07
   days on market $199,900 Active 26 DOM
9. 2026-06-04
   days on market $199,900 Active 23 DOM
10. 2026-06-03
    days on market $199,900 Active 22 DOM
11. 2026-06-02
    days on market $199,900 Active 21 DOM
12. 2026-06-01
    days on market $199,900 Active 20 DOM
13. 2026-05-31
    days on market $199,900 Active 19 DOM
14. 2026-05-12
    listed $199,900 Active 200-char remark
15. 2019-07-31
    historical
16. 2019-07-08
    listed $99,900 Active
17. 2019-06-30
    historical
18. 2018-07-30
    listed $99,900 Active
19. 1998-10-06
    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: $3,094 · $258/mo
• Projected year-2 tax: $3,658 · $305/mo
• Expected delta: +$564/yr (+$47/mo · 18.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 27 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,730
• − Mortgage interest: −$11,198
• − Property taxes: −$3,094
• − Insurance: −$6,118
• − Repairs & maintenance: −$1,738
• − Management: −$1,738
• − Depreciation: −$5,815
• Taxable loss: −$7,971
• Est. tax savings @ 24.0%: +$1,913
• After-tax cash flow: $-2,712/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: Galveston ISD
• NCES district ID: 4820280
• Math proficiency: 33% ▼ -14.00%
• Reading proficiency: 39% ▼ -4.00%
• Median HH income: $40,162
• Composite: 30.22/100
• National rank: #6299
• State rank: #514 of 826 in TX

Livability — Galveston

• Score: 76/100
• State rank: #108
• US rank: #3559

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Galveston, TX
• County: Galveston County · 357,330 people
• City population: 55,599
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 23,489
• Household income: $45,047
• Rent vs Own: 60.0% rent · 40.0% own
• Severe rent burden: 2193.0

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 46% Hispanic / Latino 30% Two or more races 19% Black 19% Asian 3%
• Hispanic origin (detail): Mexican 21% Puerto Rican 1%
• Common ancestry: Lithuanian 2% Italian 2% Romanian 1%
• Foreign-born: 11% · Canada, Jamaica
• Languages at home: 75% English-only · Spanish 18% Other Asian/Pacific 2% Russian/Polish/Slavic 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: ▼ -158.96%
• Current HPI: 324.2159
• Rent YoY: ▼ -1.12%
• 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

+100.1% since first listed

6 events — show timeline

• 2026-05-12 Listed $199,900 HARMLS
• 2019-07-31 Listing Removed — HARMLS
• 2019-07-08 Listed $99,900 HARMLS
• 2019-06-30 Listing Removed — HARMLS
• 2018-07-30 Listed $99,900 HARMLS
• 1998-10-06 Sold (Public Records) — Public Records

Property tax history

+14.0%/yr

Latest (2025): $3,094 · +19.2% YoY. Source: county tax records.