1109 E Walker St · League City, TX 77573

$214,900

4 bd · 1.0 ba · 1,500 sqft · SingleFamily public records · 66 Days on market

Built 1954 5,218 sqft lot $143/sqft · 15% below area Est $252k · 15% under

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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 +17.1/30.0
• ARV discount +14.1/15.0
• DSCR +5.3/10.0
• 1% rule +4.8/10.0
• Schools +4.6/10.0
• Livability +3.8/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this quaint 4 bedroom, 2 bathroom home, located in the highly rated Clear Creek ISD. With an abundance of windows, natural light warms this pleasant dwelling. Walking in, you are greeted to a large living room, followed by a spacious kitchen. Each room is installed with either comfortable new carpeting or attractive laminate flooring. Also, great for any outdoor occasion, the yard almost wraps around this residence. Come tour this property and make this your home today!

Key facts

• 5,218 sq ft lot
• Built 1954
• Listed 66 days

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $150 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $210k (2.2% below list).
• Recommended offer: $202k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.1% vs local median 2.7% in League City — 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 75/100 on livability (#135 in TX, #3,961 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Clear Creek ISD (suburban): math 48% / reading 54% proficiency, ranked #114 of 826 in TX (top 14%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents flat; 944 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 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 $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 66 days — a 6% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 18y ago; this cycle's ask has dropped $25k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $202,006 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1954 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.98% ✗
• Cap rate: 7.13%
• Cash-on-cash: 2.98%
• DSCR: 1.13
• GRM: 8.5

CMA / ARV

• ARV (median comp): $251,552
• List price: $214,900
• Delta: -14.57%
• 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
505 Reynolds Ave	0.02mi	4/1.0	1,400 (-7%)	8mo	$235,000	$168	81
702 David Ave	0.19mi	3/2.0 (-1)	1,497 (-0%)	5mo	$279,000	$186	77
1816 Sherwood Forest Cir	0.43mi	3/2.0 (-1)	1,507 (+0%)	0mo	$293,000	$194	70
212 Briarglen Dr	0.16mi	3/2.0 (-1)	1,642 (+10%)	8mo	$299,000	$182	61
1941 Cameo Ct	0.55mi	3/2.0 (-1)	1,459 (-3%)	4mo	$275,000	$188	57
301 Moody Ave	0.53mi	3/2.0 (-1)	1,384 (-8%)	1mo	$254,900	$184	52
502 Moody Ave	0.66mi	3/2.0 (-1)	1,437 (-4%)	2mo	$274,900	$191	52
1609 3rd St	0.55mi	3/2.0 (-1)	1,579 (+5%)	11mo	$285,000	$180	47
116 Texas Ave	0.54mi	3/1.0 (-1)	1,644 (+10%)	9mo	$300,000	$182	46
1615 3rd St	0.58mi	3/2.0 (-1)	1,284 (-14%)	2mo	$169,900	$132	38
1614 2nd St	0.56mi	3/2.0 (-1)	1,284 (-14%)	11mo	$264,900	$206	32
613 4th	0.59mi	3/2.5 (-1)	1,683 (+12%)	12mo	$329,900	$196	31

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 · 0.78% rent growth · sell at horizon

5-year hold

• IRR: -14.1%
• Equity multiple: 0.50×
• Total profit: $-29,845
• Equity at exit: $32,042

10-year hold

• IRR: -9.5%
• Equity multiple: 0.48×
• Total profit: $-31,558
• Equity at exit: $18,581

Cash invested: $60,172 (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 77573

• Home prices YoY: -29.2%
• Rents YoY: 0.8%
• Active inventory: 944
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $2,102 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$294 /mo · $3,533/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$441
• Net cashflow: $150

Break-even live

Break-even rent $1,913

Max offer price $214,900

Occupancy floor 88%

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: $53,725
• Closing costs: $6,447
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1521 Pearl Dr League City, TX	4.0	2.5	1747	$2,400	$1.37	3d	1	0.48mi
1612 2nd St League City, TX	3.0	2.0	1496	$2,200	$1.47	44d	1	0.53mi
1617 3rd St League City, TX	4.0	2.0	1687	$2,150	$1.27	44d	1	0.57mi
703 Coryell St League City, TX	3.0	2.0	1580	$1,595	$1.01	22d	1	0.59mi
316 3rd St League City, TX	3.0	1.0	1400	$1,450	$1.04	44d	1	0.76mi
2525 St Christopher Ave League City, TX	1.0–3.0	1.0–2.0	902	$2,017	$2.24	1d	15	0.91mi
1627 Texas Ave League City, TX	4.0	2.0	1430	$2,800	$1.96	44d	1	0.91mi
2751 Farm to Market Road 518 E Unit 2784 League City, TX	3.0	2.0	1154	$1,467	$1.27	3d	1	1.14mi
2751 Farm to Market Road 518 E Unit 510 League City, TX	3.0	2.0	1154	$1,290	$1.12	15d	1	1.14mi
2751 Farm to Market Road 518 E Unit 3047 League City, TX	3.0	2.0	1154	$1,510	$1.31	11d	1	1.16mi
382 Hyland Ln League City, TX	3.0	2.0	2227	$1,480	$0.66	3d	1	1.16mi
1800 S Egret Bay Blvd League City, TX	1.0–3.0	1.0–2.0	1172	$2,428	$2.07	1d	22	1.40mi
1806 S Egret Bay Blvd League City, TX	3.0	2.0	1447	$1,994	$1.38	22d	1	1.50mi

Listing history 24 events

1. 2026-06-18
   days on market $214,900 Active 66 DOM
2. 2026-06-17
   pricedays on market $214,900 Active 65 DOM
3. 2026-06-16
   days on market $219,500 Active 64 DOM
4. 2026-06-15
   days on market $219,500 Active 63 DOM
5. 2026-06-13
   days on market $219,500 Active 61 DOM
6. 2026-06-13
   days on market $219,500 Active 60 DOM
7. 2026-06-09
   days on market $219,500 Active 57 DOM
8. 2026-06-08
   days on market $219,500 Active 56 DOM
9. 2026-06-07
   days on market $219,500 Active 55 DOM
10. 2026-06-04
    days on market $219,500 Active 52 DOM
11. 2026-06-03
    days on market $219,500 Active 51 DOM
12. 2026-06-02
    days on market $219,500 Active 50 DOM
13. 2026-06-01
    days on market $219,500 Active 49 DOM
14. 2026-05-31
    days on market $219,500 Active 48 DOM
15. 2026-05-05
    price $229,500 485-char remark

    Show marketing remark (485 chars)

    Welcome to this quaint 4 bedroom, 2 bathroom home, located in the highly rated Clear Creek ISD. With an abundance of windows, natural light warms this pleasant dwelling. Walking in, you are greeted to a large living room, followed by a spacious kitchen. Each room is installed with either comfortable new carpeting or attractive laminate flooring. Also, great for any outdoor occasion, the yard almost wraps around this residence. Come tour this property and make this your home today!

16. 2026-04-13
    listed $239,500 Active 485-char remark

    Show marketing remark (485 chars)

    Welcome to this quaint 4 bedroom, 2 bathroom home, located in the highly rated Clear Creek ISD. With an abundance of windows, natural light warms this pleasant dwelling. Walking in, you are greeted to a large living room, followed by a spacious kitchen. Each room is installed with either comfortable new carpeting or attractive laminate flooring. Also, great for any outdoor occasion, the yard almost wraps around this residence. Come tour this property and make this your home today!

17. 2015-12-07
    soldstatus
18. 2014-02-05
    historical 184-char remark

    Show marketing remark (184 chars)

    Great location near Historic League City. Close to schools, parks and shopping. 3 bedrooms with an extra room that could be used as 4th bedroom or game room. Call today for a showing !

19. 2014-02-03
    soldstatus 184-char remark

    Show marketing remark (184 chars)

    Great location near Historic League City. Close to schools, parks and shopping. 3 bedrooms with an extra room that could be used as 4th bedroom or game room. Call today for a showing !

20. 2013-10-26
    listed $41,500 184-char remark

    Show marketing remark (184 chars)

    Great location near Historic League City. Close to schools, parks and shopping. 3 bedrooms with an extra room that could be used as 4th bedroom or game room. Call today for a showing !

21. 2008-07-08
    historical
22. 2008-04-09
    listed $1,100
23. 2006-09-21
    soldstatus
24. 2002-06-28
    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: $3,533 · $294/mo
• Projected year-2 tax: $3,933 · $328/mo
• Expected delta: +$400/yr (+$33/mo · 11.3%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 25 d/yr by 30 yrs out
• 💨 Wind 9/10 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: $25,222
• − Mortgage interest: −$12,038
• − Property taxes: −$3,533
• − Insurance: −$1,074
• − Repairs & maintenance: −$2,018
• − Management: −$2,018
• − Depreciation: −$6,252
• Taxable loss: −$1,710
• Est. tax savings @ 24.0%: +$410
• After-tax cash flow: $2,205/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: Clear Creek ISD
• NCES district ID: 4814280
• Math proficiency: 48% ▼ -10.00%
• Reading proficiency: 54% ▼ -4.00%
• Median HH income: $80,240
• Composite: 46.49/100
• National rank: #2431
• State rank: #114 of 826 in TX

Livability — League City

• Score: 75/100
• State rank: #135
• US rank: #3961

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: League City, TX
• County: Galveston County · 357,330 people
• City population: 98,109
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 98,109
• Household income: $122,722
• Rent vs Own: 24.2% rent · 75.8% own
• Severe rent burden: 2226.0

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: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 19% Two or more races 12% Black 6% Asian 5%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Italian 3% Lithuanian 2% Romanian 2%
• Foreign-born: 11% · Canada, Vietnam, China
• Languages at home: 82% English-only · Spanish 11% Other Asian/Pacific 1% Other Indo-European 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: ▼ -100.70%
• Current HPI: 244.0714
• Rent YoY: ▲ 0.78%
• 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

+20763.6% since first listed

10 events — show timeline

• 2026-05-05 Price Changed $229,500 HARMLS
• 2026-04-13 Listed $239,500 HARMLS
• 2015-12-07 Sold (Public Records) — Public Records
• 2014-02-05 Listing Removed — HARMLS
• 2014-02-03 Sold (MLS) — HARMLS
• 2013-10-26 Listed $41,500 HARMLS
• 2008-07-08 Listing Removed — HARMLS
• 2008-04-09 Listed $1,100 HARMLS
• 2006-09-21 Sold (Public Records) — Public Records
• 2002-06-28 Sold (Public Records) — Public Records

Property tax history

+10.3%/yr

Latest (2025): $3,533 · +19.0% YoY. Source: county tax records.