1115 Waco Rd · Bolivar Peninsula, TX 77617

$288,000

3 bd · 2.0 ba · 960 sqft · SingleFamily public records · 108 Days on market

Built 2024 Good condition 3,746 sqft lot $300/sqft · 19% below area Est $354k · 19% under

---

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 +18.9/30.0
• ARV discount +15.0/15.0
• DSCR +5.9/10.0
• 1% rule +5.4/10.0
• Schools +5.1/10.0
• Appreciation +5.0/10.0
• Condition / age +4.0/5.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0

Listing remarks MLS

Whether you are looking for a lucrative investment or a personal slice of paradise, this property is ready to welcome you home. Offering a unique dual-water experience, featuring breathtaking sunrise views over the Gulf of America and golden sunset vistas over the Intracoastal Waterway. Enjoy the rhythmic sights of barges drifting down the canal from the comfort of your deck, or take a very short stroll to sink your toes into the surf and sand. For boating enthusiasts, the home is conveniently located near a high-quality public boat launch, making a day on the water effortless. The outdoor experience is further enhanced by the highly anticipated 1,000-foot fishing pier and recreational park at Rollover, promising world-class fishing and amenities just moments away. After a day of coastal adventure, retreat to your private jacuzzi or the ultimate relaxation. Currently operating as a popular short-term rental, this home is being sold fully furnished and turn-key.

Key facts

• Fishing pier
• Sunset vistas
• Public boat launch

Tags

• SUNRISE VIEWS
• SUNSET VISTAS
• PUBLIC BOAT LAUNCH
• FISHING PIER
• RECREATIONAL PARK
• PRIVATE JACUZZI

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $288k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-375 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $222k (23.0% below list).
• Meets the 1% rule at list price ($3k rent vs $288k).
• Recommended offer: $222k (23.0% below list) — sets the bar for cash-flow.
• Cap rate 7.5% vs local median 2.0% in Bolivar Peninsula — 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 65/100 on livability (#719 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• High Island ISD (rural): math 65% / reading 50% proficiency, ranked #177 of 1,141 in TX (top 16%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: High Island School (math 42% / reading 42%, 151 students, 60% FRL).
• Zoned-school proficiency averages 42% at this address vs 58% district-wide (-16 pts) — the specific schools serving this property underperform the High Island ISD average; the district grade overstates school quality for this exact location.
• Market conditions: 269 active listings in the ZIP; 3,258 units permitted in Galveston County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $11k of equity ($2k loan paydown + $9k appreciation (3.0% local appreciation)).
• Galveston County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 4, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 108 days — a 9% lower offer ($262k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $22k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $669/mo.
• Climate carrying-cost: in FEMA flood zone VE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; severe wildfire risk; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $221,789 (23.0% 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 108 days. Have you received any prior offers? Is the seller open to a 23% 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. 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 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?
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: 1.04% ✓
• Cap rate: 7.52%
• Cash-on-cash: 4.38%
• DSCR: 1.19
• GRM: 8.0

CMA / ARV

• ARV (median comp): $353,565
• List price: $288,000
• Delta: -18.54%
• 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
1111 Waco	0.03mi	3/2.0	960 (0%)	16mo	$269,000	$280	86
1127 Waco	0.02mi	3/2.0	900 (-6%)	30mo	$275,000	$306	69
1131 Waco	0.02mi	3/2.0	900 (-6%)	32mo	$275,000	$306	68
1107 Waco	0.03mi	3/2.0	900 (-6%)	28mo	$269,000	$299	68
1004 Turrentine Ave	0.28mi	2/1.0 (-1)	992 (+3%)	26mo	$297,000	$299	53
1024 Faggards Slip Rd	0.26mi	2/2.0 (-1)	1,022 (+6%)	29mo	$379,900	$372	52
2518 Audubon Ave	0.58mi	2/2.0 (-1)	1,176 (+22%)	13mo	$399,000	$339	32
1426 Vansant	1.17mi	2/1.0 (-1)	990 (+3%)	35mo	$389,000	$393	31
1018 Sea Gull St	0.52mi	3/1.5	1,152 (+20%)	25mo	$350,000	$304	29
1060 Rollover Ln	0.55mi	2/1.0 (-1)	864 (-10%)	32mo	$390,000	$451	29
1038 Elizabeth St	0.90mi	2/2.0 (-1)	1,151 (+20%)	10mo	$575,000	$500	26
2558 Audubon Ave	0.68mi	2/2.0 (-1)	1,100 (+15%)	25mo	$445,000	$405	19

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: 2.4%
• Equity multiple: 1.14×
• Total profit: $11,331
• Equity at exit: $129,497

10-year hold

• IRR: 6.0%
• Equity multiple: 1.92×
• Total profit: $74,536
• Equity at exit: $199,571

Cash invested: $80,640 (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 →

Active competition Active MLS

• For sale now: 8 active
• Median asking: $444,000 ($433/sqft)
• Median days on market: 129 d
• This list price: 12% of active listings are priced below it
• ARV vs active asking: -15.0% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 77617

• Active inventory: 269
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $3,000 medium
• Mortgage (P&I): −$1,510
• Tax from tax record: −$445 /mo · $5,343/yr
• Insurance: −$120
• Flood insurance flood zone: −$669 /mo · $8,028/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$630
• Net cashflow: $-375

Break-even live

Break-even rent $3,474

Max offer price $221,789

Occupancy floor —

Sensitivity live

Price	-10% $-212	-5% $-293	+0% $-375	+5% $-456	+10% $-538
Rent	-10% $-612	-5% $-493	+0% $-375	+5% $-256	+10% $-138
Rate	-1.0pp $-230	-0.5pp $-302	base $-375	+0.5pp $-449	+1.0pp $-525

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: $72,000
• Closing costs: $8,640
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Property features AI

Finance

• Other: Property has spa/hot tub
• Financial info: Lease not considered

Exterior

• Parking: No dedicated parking listed
• Utilities: Public waterAerobic septic
• Home design: Residential propertyEast-facingSingle-story
• Construction: Built in 2024Cement sidingComposition roofFoundation information not provided
• Exterior features: Covered patioDeckPatioHot tub/SpaHas viewCleared lotAsphalt road access

Interior

• Kitchen: Electric ovenElectric rangeMicrowave
• Bedrooms: Three bedrooms (all on the first floor)
• Flooring: Plank flooringVinyl flooring
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating (electric)Central air (electric)
• Interior features: Kitchen/Family room comboKitchen/Dining combo
• Laundry & utility: Washer hookupElectric dryer hookup

Listing history 50 events

1. 2026-08-08
   days on market $288,000 Active 108 DOM
2. 2026-08-07
   days on market $288,000 Active 107 DOM
3. 2026-08-06
   days on market $288,000 Active 106 DOM
4. 2026-08-05
   days on market $288,000 Active 105 DOM
5. 2026-08-04
   days on market $288,000 Active 104 DOM
6. 2026-08-03
   days on market $288,000 Active 103 DOM
7. 2026-07-31
   days on market $288,000 Active 100 DOM
8. 2026-07-30
   days on market $288,000 Active 99 DOM
9. 2026-07-29
   days on market $288,000 Active 98 DOM
10. 2026-07-27
    days on market $288,000 Active 96 DOM
11. 2026-07-25
    pricedays on market $288,000 Active 94 DOM
12. 2026-07-24
    days on market $305,000 Active 93 DOM
13. 2026-07-23
    days on market $305,000 Active 92 DOM
14. 2026-07-22
    days on market $305,000 Active 91 DOM
15. 2026-07-21
    days on market $305,000 Active 90 DOM
16. 2026-07-20
    days on market $305,000 Active 89 DOM
17. 2026-07-18
    days on market $305,000 Active 87 DOM
18. 2026-07-17
    days on market $305,000 Active 86 DOM
19. 2026-07-16
    days on market $305,000 Active 85 DOM
20. 2026-07-14
    days on market $305,000 Active 83 DOM
21. 2026-07-13
    days on market $305,000 Active 82 DOM
22. 2026-07-12
    days on market $305,000 Active 81 DOM
23. 2026-07-12
    days on market $305,000 Active 80 DOM
24. 2026-07-10
    days on market $305,000 Active 79 DOM
25. 2026-07-09
    days on market $305,000 Active 78 DOM
26. 2026-07-07
    days on market $305,000 Active 76 DOM
27. 2026-07-06
    days on market $305,000 Active 75 DOM
28. 2026-07-05
    days on market $305,000 Active 74 DOM
29. 2026-07-05
    days on market $305,000 Active 73 DOM
30. 2026-07-03
    days on market $305,000 Active 72 DOM
31. 2026-07-02
    days on market $305,000 Active 71 DOM
32. 2026-07-01
    days on market $305,000 Active 70 DOM
33. 2026-06-30
    days on market $305,000 Active 69 DOM
34. 2026-06-29
    days on market $305,000 Active 68 DOM
35. 2026-06-28
    days on market $305,000 Active 67 DOM
36. 2026-06-27
    days on market $305,000 Active 66 DOM
37. 2026-06-26
    days on market $305,000 Active 65 DOM
38. 2026-06-23
    days on market $305,000 Active 62 DOM
39. 2026-06-22
    days on market $305,000 Active 61 DOM
40. 2026-06-21
    days on market $305,000 Active 60 DOM
41. 2026-06-21
    days on market $305,000 Active 59 DOM
42. 2026-06-18
    days on market $305,000 Active 57 DOM
43. 2026-06-17
    days on market $305,000 Active 56 DOM
44. 2026-06-16
    days on market $305,000 Active 55 DOM
45. 2026-06-15
    days on market $305,000 Active 54 DOM
46. 2026-06-13
    days on market $305,000 Active 52 DOM
47. 2026-06-12
    days on market $305,000 Active 51 DOM
48. 2026-06-10
    days on market $305,000 Active 48 DOM
49. 2026-06-08
    days on market $305,000 Active 47 DOM
50. 2026-06-08
    days on market $305,000 Active 46 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: $5,343 · $445/mo
• Projected year-2 tax: $5,343 · $445/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 10/10 Extreme FEMA zone VE · 99% chance over 30 yrs
• 🔥 Wildfire 10/10 Extreme
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°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: $35,996
• − Mortgage interest: −$16,132
• − Property taxes: −$5,343
• − Insurance: −$9,468
• − Repairs & maintenance: −$2,880
• − Management: −$2,880
• − Depreciation: −$8,378
• Taxable loss: −$9,085
• Est. tax savings @ 24.0%: +$2,180
• After-tax cash flow: $-2,317/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.

Condition & rehab AI · 13 photos

Good 80/100 Cosmetic rehab Est. rehab $4,800–$14,400 screening

This property is in good condition with a good condition score of 80. It has a good roof, exterior, flooring, interior walls/paint, windows, foundation/structure, HVAC/mechanicals, and landscaping/curb appeal. The home is ready to welcome you home and offers a unique dual-water experience with breathtaking views of the Gulf of Mexico and Intracoastal Waterway.

Value-add opportunities

• Resale Paint the exterior stucco — Fresh paint can make the home look more appealing and increase its curb appeal. ↑
• Resale Replace worn-out blinds or window treatments — Fresh window treatments can make the home look more appealing and increase its curb appeal. ↑
• Resale Replace worn-out flooring — Fresh flooring can make the home look more appealing and increase its curb appeal. ↑
• Resale Replace worn-out ceiling fans — Fresh ceiling fans can make the home look more appealing and increase its curb appeal. ↑
• Resale Replace worn-out light fixtures — Fresh light fixtures can make the home look more appealing and increase its curb appeal. ↑
• Resale Replace worn-out appliances — Fresh appliances can make the home look more appealing and increase its curb appeal. ↑
• Resale Replace worn-out plumbing fixtures — Fresh plumbing fixtures can make the home look more appealing and increase its curb appeal. ↑
• Resale Replace worn-out electrical fixtures — Fresh electrical fixtures can make the home look more appealing and increase its curb appeal. ↑
• Resale Replace worn-out HVAC components — Fresh HVAC components can make the home look more appealing and increase its curb appeal. ↑
• Rental Upgrade the kitchen appliances — Upgraded appliances can make the home more appealing to renters and increase its rental value. ↑
• Rental Upgrade the bathrooms fixtures — Upgraded bathroom fixtures can make the home more appealing to renters and increase its rental value. ↑
• Rental Upgrade the flooring — Upgraded flooring can make the home more appealing to renters and increase its rental value. ↑
• Rental Upgrade the ceiling fans — Upgraded ceiling fans can make the home more appealing to renters and increase its rental value. ↑
• Rental Upgrade the light fixtures — Upgraded light fixtures can make the home more appealing to renters and increase its rental value. ↑
• Rental Upgrade the appliances — Upgraded appliances can make the home more appealing to renters and increase its rental value. ↑
• Rental Upgrade the plumbing fixtures — Upgraded plumbing fixtures can make the home more appealing to renters and increase its rental value. ↑
• Rental Upgrade the electrical fixtures — Upgraded electrical fixtures can make the home more appealing to renters and increase its rental value. ↑
• Rental Upgrade the HVAC components — Upgraded HVAC components can make the home more appealing to renters and increase its rental value. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

Zoned Schools

High High Island School

Schools (NCES district)

• District: High Island ISD
• NCES district ID: 4823160
• Math proficiency: 65% ▲ 30.00%
• Reading proficiency: 50% ▲ 15.00%
• Median HH income: $49,447
• Composite: 50.69/100
• National rank: #3933
• State rank: #177 of 1141 in TX

C Composite livability gradescore 65/100

Livability — Bolivar Peninsula

• Score: 65/100
• State rank: #719
• US rank: #13437

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bolivar Peninsula, TX
• County: Galveston · 390,640 people
• City population: 2,957
• Metro: Houston-Pasadena-The Woodlands, TX
• Population (ZIP): 38
• Household income: $72,885
• Rent vs Own: 40.9% rent · 59.1% own

---

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: Predominantly White (100%)
• Race & ethnicity: White 100%
• Common ancestry: Lithuanian 18% Serbian 18%
• Languages at home: 84% English-only · Spanish 16%

---

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: —
• Current HPI: —
• 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

Property features AI

Finance

• Other: Property has spa/hot tub
• Financial info: Lease not considered

Exterior

• Parking: No dedicated parking listed
• Utilities: Public waterAerobic septic
• Home design: Residential propertyEast-facingSingle-story
• Construction: Built in 2024Cement sidingComposition roofFoundation information not provided
• Exterior features: Covered patioDeckPatioHot tub/SpaHas viewCleared lotAsphalt road access

Interior

• Kitchen: Electric ovenElectric rangeMicrowave
• Bedrooms: Three bedrooms (all on the first floor)
• Flooring: Plank flooringVinyl flooring
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating (electric)Central air (electric)
• Interior features: Kitchen/Family room comboKitchen/Dining combo
• Laundry & utility: Washer hookupElectric dryer hookup

Price history

+5.2% since first listed

6 events — show timeline

• 2026-06-04 Price Changed $305,000 HARMLS
• 2026-05-01 Listed $310,000 BBOR
• 2026-04-22 Listed $310,000 HARMLS
• 2024-06-21 Sold (MLS) — HARMLS
• 2024-05-10 Pending — HARMLS
• 2024-04-17 Listed $289,900 HARMLS

Property tax history

+1245.3%/yr

Latest (2025): $5,343 · +1245.3% YoY. Source: county tax records.