12326 11th St · Santa Fe, TX 77510

$334,900

3 bd · 2.0 ba · 1,729 sqft · SingleFamily public records · 48 Days on market

Built 2006 0.32 ac lot $194/sqft · 29% above area Est $260k · 29% over

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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).

• Cash flow +15.0/30.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +3.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

No flooding from Harvey! 3 bedrooms, 2 bathrooms, 1729 square feet, built in 2006, almost 14,000 square foot yard, above-ground Blue Water pool, new HVAC system (2018), new vinyl plank floors that look like wood, new stove, open kitchen-living room concept, covered back patio, plenty of natural light throughout the home, and much more. The owner loves this home, they just decided they wanted something bigger.

Key facts

• Move-in ready
• Split floor plan
• Large closets

Tags

• MOVE-IN READY
• SPLIT FLOOR PLAN
• LARGE CLOSETS
• WALK-IN CLOSETS
• CORNER LOT
• FENCED IN BACK YARD

Property features AI

Finance

• Other: Seller disclosure available

Exterior

• Parking: Attached garage with garage door opener; 2 garage spaces
• Security: Smoke detectors
• Utilities: Public water; Public sewer
• Home design: Residential property; Slab foundation; Composition roof; Built in 2006
• Construction: Brick construction
• Exterior features: Covered patio; Patio; Deck; Fenced backyard; Corner lot

Interior

• Kitchen: Dishwasher; Gas cooktop; Gas oven; Disposal; Refrigerator; ENERGY STAR qualified appliances
• Bedrooms: 3 total rooms
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (gas); Central electric air conditioning; Has heating; Has cooling
• Interior features: Double vanity; Kitchen/family room combo; Pantry; Soaking tub; Separate shower; Tub/shower combo; Ceiling fans; Programmable thermostat
• Laundry & utility: Washer hookup; Electric dryer hookup; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $335k.

Deal economics

• At list price, monthly cash flow is $22k ($266k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($31k rent vs $335k).
• Recommended offer: $325k (3.0% below list) — sets the bar for market timing.
• Cap rate 85.7% vs local median 4.5% in Santa Fe — 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 67/100 on livability (#550 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.
• Santa Fe ISD (suburban): math 38% / reading 39% proficiency, ranked #385 of 826 in TX (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 233 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% 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 $2k of loan paydown is wiped out by about $10k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $94k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($325k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 16y ago; this cycle's ask has dropped $20k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $324,853 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 9.37% ✓
• Cap rate: 85.69%
• Cash-on-cash: 283.55%
• DSCR: 13.62
• GRM: 0.9

CMA / ARV

• ARV (median comp): $260,481
• List price: $334,900
• Delta: 28.57%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4310 A Bar Dr	0.31mi	3/2.0	1,622 (-6%)	3mo	$240,000	$148	73
12546 D Bar Dr	0.26mi	3/2.0	1,933 (+12%)	7mo	$309,999	$160	62
5305 Avenue M	0.57mi	4/2.5 (+1)	1,788 (+3%)	1mo	$289,995	$162	60
12725 W 6th St	0.73mi	3/2.0	1,798 (+4%)	1mo	$340,000	$189	58
11837 12th St	0.64mi	3/2.0	1,639 (-5%)	7mo	$317,500	$194	56
4238 Chisholm Trl	0.56mi	3/2.0	1,555 (-10%)	5mo	$295,000	$190	53
12626 Langford St	0.56mi	3/2.0	1,536 (-11%)	7mo	$250,000	$163	50
4018 Avenue L	0.59mi	3/2.0	1,948 (+13%)	3mo	$359,000	$184	49
11814 Santa Fe Trl	0.70mi	3/2.0	1,584 (-8%)	7mo	$278,000	$176	47
12008 7th St	0.69mi	3/2.5	1,866 (+8%)	9mo	$352,000	$189	45
12222 23rd St	0.62mi	3/3.0	1,948 (+13%)	2mo	$275,000	$141	44
4028 Avenue O	0.61mi	4/2.0 (+1)	1,476 (-15%)	0mo	$225,000	$152	42

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: —
• Equity multiple: 15.48×
• Total profit: $1,357,607
• Equity at exit: $49,935

10-year hold

• IRR: —
• Equity multiple: 33.01×
• Total profit: $3,002,030
• Equity at exit: $28,956

Cash invested: $93,772 (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 77510

• Home prices YoY: -15.3%
• Active inventory: 233
• Price-to-rent: 0.9×

Monthly cashflow live

• Estimated rent: $31,364 medium
• Mortgage (P&I): −$1,756
• Tax from tax record: −$724 /mo · $8,693/yr
• Insurance: −$140
• HOA: −$0
• Vacancy / Maint / Mgmt: −$6,586
• Net cashflow: $22,157

Break-even live

Break-even rent $3,317

Max offer price $334,900

Occupancy floor 24%

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: $83,725
• Closing costs: $10,047
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4120 Avenue O #10 Santa Fe, TX	3.0	2.0	1280	$74,621	$58.30	43d	1	0.56mi
11844 13th St Santa Fe, TX	3.0	2.0	1472	$1,750	$1.19	22d	1	0.62mi
13342 Pecan Trails Dr Santa Fe, TX	4.0	3.0	2150	$2,700	$1.26	43d	1	1.44mi

Listing history 35 events

1. 2026-06-18
   days on market $334,900 Active 48 DOM
2. 2026-06-17
   days on market $334,900 Active 47 DOM
3. 2026-06-16
   days on market $334,900 Active 46 DOM
4. 2026-06-15
   days on market $334,900 Active 45 DOM
5. 2026-06-13
   days on market $334,900 Active 43 DOM
6. 2026-06-10
   price $334,900 Active 39 DOM
7. 2026-06-09
   days on market $349,900 Active 39 DOM
8. 2026-06-08
   days on market $349,900 Active 38 DOM
9. 2026-06-07
   days on market $349,900 Active 37 DOM
10. 2026-06-04
    days on market $349,900 Active 34 DOM
11. 2026-06-03
    days on market $349,900 Active 33 DOM
12. 2026-06-02
    days on market $349,900 Active 32 DOM
13. 2026-06-01
    days on market $349,900 Active 31 DOM
14. 2026-05-31
    days on market $349,900 Active 30 DOM
15. 2026-05-17
    price $349,900 731-char remark
16. 2026-05-01
    listed $354,900 Active 731-char remark
17. 2022-10-03
    historical
18. 2022-09-26
    price $321,500
19. 2022-09-12
    price $322,500
20. 2022-09-12
    price $329,900
21. 2022-09-06
    price $334,900
22. 2022-09-01
    listed $339,999 Active
23. 2018-05-22
    soldstatus
24. 2018-05-18
    soldstatus Sold

    Show marketing remark (412 chars)

    No flooding from Harvey! 3 bedrooms, 2 bathrooms, 1729 square feet, built in 2006, almost 14,000 square foot yard, above-ground Blue Water pool, new HVAC system (2018), new vinyl plank floors that look like wood, new stove, open kitchen-living room concept, covered back patio, plenty of natural light throughout the home, and much more. The owner loves this home, they just decided they wanted something bigger.

25. 2018-04-27
    status Pending

    Show marketing remark (412 chars)

    No flooding from Harvey! 3 bedrooms, 2 bathrooms, 1729 square feet, built in 2006, almost 14,000 square foot yard, above-ground Blue Water pool, new HVAC system (2018), new vinyl plank floors that look like wood, new stove, open kitchen-living room concept, covered back patio, plenty of natural light throughout the home, and much more. The owner loves this home, they just decided they wanted something bigger.

26. 2018-04-16
    status Option Pending

    Show marketing remark (412 chars)

    No flooding from Harvey! 3 bedrooms, 2 bathrooms, 1729 square feet, built in 2006, almost 14,000 square foot yard, above-ground Blue Water pool, new HVAC system (2018), new vinyl plank floors that look like wood, new stove, open kitchen-living room concept, covered back patio, plenty of natural light throughout the home, and much more. The owner loves this home, they just decided they wanted something bigger.

27. 2018-04-15
    status Active

    Show marketing remark (412 chars)

    No flooding from Harvey! 3 bedrooms, 2 bathrooms, 1729 square feet, built in 2006, almost 14,000 square foot yard, above-ground Blue Water pool, new HVAC system (2018), new vinyl plank floors that look like wood, new stove, open kitchen-living room concept, covered back patio, plenty of natural light throughout the home, and much more. The owner loves this home, they just decided they wanted something bigger.

28. 2018-04-15
    status Option Pending

    Show marketing remark (412 chars)

    No flooding from Harvey! 3 bedrooms, 2 bathrooms, 1729 square feet, built in 2006, almost 14,000 square foot yard, above-ground Blue Water pool, new HVAC system (2018), new vinyl plank floors that look like wood, new stove, open kitchen-living room concept, covered back patio, plenty of natural light throughout the home, and much more. The owner loves this home, they just decided they wanted something bigger.

29. 2018-04-11
    price $218,000

    Show marketing remark (412 chars)

    No flooding from Harvey! 3 bedrooms, 2 bathrooms, 1729 square feet, built in 2006, almost 14,000 square foot yard, above-ground Blue Water pool, new HVAC system (2018), new vinyl plank floors that look like wood, new stove, open kitchen-living room concept, covered back patio, plenty of natural light throughout the home, and much more. The owner loves this home, they just decided they wanted something bigger.

30. 2018-04-04
    listed $229,000 Active

    Show marketing remark (412 chars)

    No flooding from Harvey! 3 bedrooms, 2 bathrooms, 1729 square feet, built in 2006, almost 14,000 square foot yard, above-ground Blue Water pool, new HVAC system (2018), new vinyl plank floors that look like wood, new stove, open kitchen-living room concept, covered back patio, plenty of natural light throughout the home, and much more. The owner loves this home, they just decided they wanted something bigger.

31. 2010-06-29
    historical
32. 2010-04-06
    listed $158,000
33. 2010-04-05
    historical
34. 2010-02-14
    listed $172,500
35. 2006-06-26
    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: $8,693 · $724/mo
• Projected year-2 tax: $8,693 · $724/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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥110°F today · 26 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: $376,368
• − Mortgage interest: −$18,760
• − Property taxes: −$8,693
• − Insurance: −$1,674
• − Repairs & maintenance: −$30,109
• − Management: −$30,109
• − Depreciation: −$9,743
• Taxable income: $277,280
• Est. tax owed @ 24.0%: −$66,547
• After-tax cash flow: $199,341/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: Santa Fe ISD
• NCES district ID: 4839270
• Math proficiency: 38% ▼ -10.00%
• Reading proficiency: 39% ▼ -2.00%
• Median HH income: $66,769
• Composite: 34.86/100
• National rank: #5091
• State rank: #385 of 826 in TX

Livability — Santa Fe

• Score: 67/100
• State rank: #550
• US rank: #10637

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: Santa Fe, TX
• Population (ZIP): 13,938

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 (72%)
• Race & ethnicity: White 72% Hispanic / Latino 21% Two or more races 17% Asian 2%
• Hispanic origin (detail): Mexican 14% Puerto Rican 3% Cuban 1%
• Common ancestry: Lithuanian 4% Italian 3% Slovak 1%
• Foreign-born: 5% · Canada
• Languages at home: 89% English-only · Spanish 10% Tagalog/Filipino 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: ▼ -54.15%
• Current HPI: 299.2228
• 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

Price history

+94.1% since first listed

23 events — show timeline

• 2026-06-18 Listing Removed — HARMLS
• 2026-06-09 Price Changed $334,900 HARMLS
• 2026-05-17 Price Changed $349,900 HARMLS
• 2026-05-01 Listed $354,900 HARMLS
• 2022-10-03 Listing Removed — HARMLS
• 2022-09-26 Price Changed $321,500 HARMLS
• 2022-09-12 Price Changed $322,500 HARMLS
• 2022-09-12 Price Changed $329,900 HARMLS
• 2022-09-06 Price Changed $334,900 HARMLS
• 2022-09-01 Listed $339,999 HARMLS
• 2018-05-22 Sold (Public Records) — Public Records
• 2018-05-18 Sold (MLS) — HARMLS
• 2018-04-27 Pending — HARMLS
• 2018-04-16 Pending — HARMLS
• 2018-04-15 Relisted — HARMLS
• 2018-04-15 Pending — HARMLS
• 2018-04-11 Price Changed $218,000 HARMLS
• 2018-04-04 Listed $229,000 HARMLS
• 2010-06-29 Listing Removed — HARMLS
• 2010-04-06 Listed $158,000 HARMLS
• 2010-04-05 Listing Removed — HARMLS
• 2010-02-14 Listed $172,500 HARMLS
• 2006-06-26 Sold (Public Records) — Public Records

Property tax history

+6.6%/yr

Latest (2025): $8,693 · +13.6% YoY. Source: county tax records.