605 Honeysuckle Dr · La Marque, TX 77568

$135,000

3 bd · 2.0 ba · 1,010 sqft · SingleFamily public records · 2 Days on market

Built 1959 9,134 sqft lot Est $126k · 7% over

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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 +26.0/30.0
• DSCR +8.7/10.0
• 1% rule +7.0/10.0
• ARV discount +4.4/15.0
• 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

Welcome to this 3-bedroom, 1.5-bath brick home in La Marque, TX. Offering 1,010 square feet of living space and situated on a generous lot, this home provides a great opportunity for buyers seeking a property they can update and make their own. The functional layout maximizes the available space, while the established neighborhood offers convenient access to local amenities, shopping, dining, and major roadways. Property is being sold as-is. Schedule your showing today and explore the possibilities this home has to offer.

Key facts

• Convenient access
• Brick home
• Functional layout

Tags

• BRICK HOME
• FUNCTIONAL LAYOUT
• ESTABLISHED NEIGHBORHOOD
• CONVENIENT ACCESS

Property features AI

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Public sewer
• Home design: Residential property; Single-story (all principal rooms listed on first floor)
• Construction: Brick construction; Built in 1959; Composition roof; Slab foundation
• Exterior features: Fenced private yard; Back yard fencing; Cleared lot

Interior

• Kitchen: Gas oven; Gas range
• Bedrooms: Primary bedroom (first floor, approx. 12 x 10.4); Bedroom (first floor, approx. 11.9 x 10.9); Bedroom (first floor, approx. 10 x 10)
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Window unit(s) for cooling
• Interior features: Washer hookup; Gas oven; Gas range; Five total rooms
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $269 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Cap rate 9.3% 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, 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); 654 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 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 $933 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

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe 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 $135,000

Questions for the listing agent

1. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.20% ✓
• Cap rate: 9.27%
• Cash-on-cash: 10.64%
• DSCR: 1.47
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $126,250
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
509 Grafton St	0.25mi	3/1.0	1,000 (-1%)	18mo	$100,000	$100	68
624 Rosedale St	0.31mi	3/1.0	943 (-7%)	3mo	$69,900	$74	68
1201 Maple St	0.46mi	2/1.0 (-1)	994 (-2%)	2mo	$152,900	$154	65
618 Honeysuckle Dr	0.07mi	2/1.0 (-1)	896 (-11%)	9mo	$139,900	$156	61
411 Honeysuckle Dr	0.15mi	3/1.0	1,118 (+11%)	14mo	$139,970	$125	60
402 Bluebonnet Dr	0.24mi	2/1.0 (-1)	888 (-12%)	4mo	$79,999	$90	57
405 Chip St	0.33mi	3/1.0	1,131 (+12%)	19mo	$82,000	$73	45
1608 Winnie St	0.70mi	3/2.0	1,102 (+9%)	23mo	$174,300	$158	33
1009 Larcom St	0.74mi	2/1.0 (-1)	1,096 (+8%)	12mo	$169,999	$155	33

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: -2.2%
• Equity multiple: 0.92×
• Total profit: $-3,130
• Equity at exit: $20,129

10-year hold

• IRR: 8.6%
• Equity multiple: 1.69×
• Total profit: $26,142
• Equity at exit: $11,672

Cash invested: $37,800 (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: 654
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,620 high
• Mortgage (P&I): −$708
• Tax from tax record: −$181 /mo · $2,167/yr
• Insurance: −$56
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$340
• Net cashflow: $269

Break-even live

Break-even rent $1,280

Max offer price $135,000

Occupancy floor 78%

Sensitivity live

Price	-10% $345	-5% $307	+0% $269	+5% $230	+10% $192
Rent	-10% $141	-5% $205	+0% $269	+5% $333	+10% $397
Rate	-1.0pp $337	-0.5pp $303	base $269	+0.5pp $234	+1.0pp $198

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
509 Bluebonnet Dr La Marque, TX	4.0	1.0	1223	$1,550	$1.27	44d	1	0.17mi
711 Avenue A Unit 4 La Marque, TX	2.0	1.0	750	$799	$1.07	44d	1	0.23mi
4417 Edward St Texas City, TX	2.0	2.0	983	$1,100	$1.12	4d	1	0.55mi
4417 Edward St Texas City, TX	2.0	2.0	983	$1,150	$1.17	3d	1	0.55mi
113 N Pecan Dr Texas City, TX	4.0	2.0	1468	$3,000	$2.04	44d	1	0.60mi
203 Beatrice St La Marque, TX	3.0	1.0	1304	$1,395	$1.07	25d	1	0.71mi
309 S Bell Dr Texas City, TX	2.0	2.0	1316	$1,650	$1.25	44d	1	1.07mi
222 Ruslee St La Marque, TX	3.0	1.0	849	$1,350	$1.59	17d	1	1.10mi
2328 Boss St La Marque, TX	2.0	1.0	848	$925	$1.09	13d	2	1.13mi
306 Lake Rd Unit B La Marque, TX	2.0	1.0	816	$995	$1.22	44d	1	1.22mi
1115 Highway 146 N Texas City, TX	1.0–2.0	1.0–2.0	757	$1,350	$1.78	2d	9	1.23mi
1825 Bayou Rd La Marque, TX	2.0	1.0	1200	$1,195	$1.00	44d	1	1.24mi
3404 9th Ave N Texas City, TX	1.0–2.0	1.0–2.0	721	$1,525	$2.11	3d	34	1.29mi
105 Plum St La Marque, TX	4.0	1.5	1329	$2,100	$1.58	3d	1	1.31mi
619 N Vionett Ln Texas City, TX	3.0	2.0	1204	$1,550	$1.29	6d	1	1.34mi
1013 Margot St La Marque, TX	3.0	2.0	1099	$1,500	$1.36	19d	1	1.40mi
3106 Danforth Dr Texas City, TX	3.0	1.0	1100	$1,800	$1.64	25d	1	1.48mi

Listing history 3 events

1. 2026-06-18
   days on market $135,000 Active 2 DOM
2. 2026-06-16
   remarks 527-char remark
3. 2026-06-16
   listed $135,000 Active 1 DOM

ⓘ 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: $2,167 · $181/mo
• Projected year-2 tax: $2,470 · $206/mo
• Expected delta: +$304/yr (+$25/mo · 14.0%)

ⓘ 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 · 75% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 27 d/yr by 30 yrs out
• 💨 Wind 9/10 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: $19,441
• − Mortgage interest: −$7,562
• − Property taxes: −$2,167
• − Insurance: −$1,472
• − Repairs & maintenance: −$1,555
• − Management: −$1,555
• − Depreciation: −$3,927
• Taxable income: $1,202
• Est. tax owed @ 24.0%: −$288
• After-tax cash flow: $2,935/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

1 event — show timeline

• 2026-06-16 Listed $135,000 HARMLS

Property tax history

+7.0%/yr

Latest (2025): $2,167 · +13.3% YoY. Source: county tax records.