1241 Chevy Chase Dr · Angleton, TX 77515

$122,500

3 bd · 1.0 ba · 1,680 sqft · SingleFamily public records · 286 Days on market

Built 1952 Good condition 7,431 sqft lot $73/sqft · 31% below area Est $178k · 31% under

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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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.9/10.0
• Condition / age +3.8/5.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Don't miss this opportunity to own a charming bungalow style home in a well-established neighborhood. This home features 3 bedrooms and 1.5 bath, with plenty of room for everyone in the family. You'll love the electric wall heaters and window units that keep your home comfortable all year round without costing a fortune. The recent laminate and hardwood flooring add a touch of elegance to this cozy home plus the recently renovated (10/2025) main bathroom with a new tub, surround and flooring is a special bonus. New flooring in the kitchen (10/2025) adds to the appeal of this property. The spacious family room is perfect for relaxing, watching TV, playing games or having fun with your loved ones. If location is important to you: you are just a stone's throw from Hwy 35. Schedule a showing or contact your favorite Realtor today! This property is also being offered For Lease.

Key facts

• Hardwood flooring
• Laminate flooring
• Bungalow style home

Tags

• BUNGALOW STYLE HOME
• ELECTRIC WALL HEATERS
• LAMINATE FLOORING
• HARDWOOD FLOORING
• RENOVATED MAIN BATHROOM
• NEW TUB

🏷️ Possibly a rental listed for sale. The $122,500 price doesn't fit this home's estimated sale value (~$178,350) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $122k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $537 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $122k).
• Recommended offer: $108k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.5% vs local median 4.4% in Angleton — 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 74/100 on livability (#171 in TX, #4,520 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A-; Watch: amenities F, commute F.
• Angleton ISD (suburban): math 36% / reading 44% proficiency, ranked #375 of 826 in TX (top 45%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Northside El (math 47% / reading 52%, grade D, #865 of 4,322 statewide, top 21%, 497 students, 67% FRL); Angleton J H School (math 26% / reading 41%, grade F, #911 of 1,662 statewide, top 56%, 1,561 students, 68% FRL); Angleton H S (math 22% / reading 45%, grade F, #1,011 of 1,632 statewide, top 63%, 2,066 students, 67% FRL).
• Market conditions: 1104 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 71d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 86% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,960 units permitted in Brazoria County in 2024 (593 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $847 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Brazoria County population projected at +44% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 286 days — a 12% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 19y ago; this cycle's ask is 9700% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price; built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $107,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 286 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.60% ✓
• Cap rate: 11.55%
• Cash-on-cash: 18.77%
• DSCR: 1.84
• GRM: 5.2

CMA / ARV

• ARV (median comp): $178,350
• List price: $122,500
• Delta: -31.31%
• 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
749 Lorrain St	0.44mi	3/2.0	1,653 (-2%)	6mo	$195,000	$118	68
632 Kyle St	0.62mi	3/2.0	1,721 (+2%)	0mo	$180,000	$105	63
108 Houston St	0.50mi	3/2.0	1,636 (-3%)	7mo	$180,000	$110	63
632 Northridge St	0.60mi	3/2.0	1,704 (+1%)	6mo	$224,900	$132	61
39 Alexander Ct	0.44mi	3/2.0	1,785 (+6%)	6mo	$230,000	$129	60
630 N Rockisland St	0.57mi	3/2.0	1,614 (-4%)	8mo	$235,000	$146	56
21 Alexander Ct	0.47mi	3/2.0	1,519 (-10%)	5mo	$305,000	$201	54
729 Newman St	0.60mi	3/2.0	1,840 (+10%)	2mo	$269,000	$146	50
813 N Morgan St	0.67mi	3/3.0	1,852 (+10%)	1mo	$125,000	$67	43
336 Amy St	0.73mi	3/2.5	1,858 (+11%)	6mo	$234,990	$126	38
237 Amy St	0.75mi	3/2.5	1,858 (+11%)	6mo	$241,990	$130	37
342 Amy St	0.74mi	4/2.5 (+1)	1,831 (+9%)	6mo	$279,225	$152	34

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: 10.7%
• Equity multiple: 1.42×
• Total profit: $14,457
• Equity at exit: $18,265

10-year hold

• IRR: 19.8%
• Equity multiple: 2.67×
• Total profit: $57,134
• Equity at exit: $10,592

Cash invested: $34,300 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 60 active · 20 under contract
• Months of supply: 9.7 mo (10%/mo absorbed)
• Median asking: $260,495 ($150/sqft)
• Median days on market: 162 d
• This list price: lowest-priced of the active set
• ARV vs active asking: -29.2% vs current asking $/sqft

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

ZIP-level market 77515

• Home prices YoY: -5.1%
• Active inventory: 1104
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,963 high
• Mortgage (P&I): −$642
• Tax from tax record: −$321 /mo · $3,852/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$412
• Net cashflow: $537

Break-even live

Break-even rent $1,284

Max offer price $122,500

Occupancy floor 68%

Sensitivity live

Price	-10% $606	-5% $571	+0% $537	+5% $502	+10% $467
Rent	-10% $381	-5% $459	+0% $537	+5% $614	+10% $692
Rate	-1.0pp $598	-0.5pp $568	base $537	+0.5pp $505	+1.0pp $473

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: $30,625
• Closing costs: $3,675
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1405 Northview Dr Angleton, TX	3.0	2.0	1172	$2,225	$1.90	52d	1	0.59mi
128 Dallas St Angleton, TX	3.0	2.0	1390	$1,900	$1.37	93d	1	0.62mi
152 Bastrop St Angleton, TX	3.0	2.0	1639	$1,745	$1.06	93d	1	0.62mi
3 Dallas Ct #1 Angleton, TX	3.0	3.0	1550	$1,450	$0.94	93d	1	0.73mi
513 Robin St Angleton, TX	4.0	2.0	1900	$2,495	$1.31	71d	1	0.92mi
8 Piney Way Angleton, TX	3.0	2.0	1402	$2,095	$1.49	7d	1	1.29mi
832 S Anderson St Angleton, TX	3.0	1.0	1104	$1,495	$1.35	56d	1	1.43mi

Listing history 50 events

1. 2026-08-08
   days on market $122,500 Active 286 DOM
2. 2026-08-06
   days on market $122,500 Active 284 DOM
3. 2026-08-05
   days on market $122,500 Active 283 DOM
4. 2026-08-04
   days on market $122,500 Active 282 DOM
5. 2026-08-03
   days on market $122,500 Active 281 DOM
6. 2026-07-31
   days on market $122,500 Active 278 DOM
7. 2026-07-30
   days on market $122,500 Active 277 DOM
8. 2026-07-30
   days on market $122,500 Active 276 DOM
9. 2026-07-28
   days on market $122,500 Active 275 DOM
10. 2026-07-26
    days on market $122,500 Active 273 DOM
11. 2026-07-24
    days on market $122,500 Active 271 DOM
12. 2026-07-23
    days on market $122,500 Active 270 DOM
13. 2026-07-22
    price $122,500 Active 269 DOM
14. 2026-07-22
    days on market $128,900 Active 269 DOM
15. 2026-07-21
    days on market $128,900 Active 268 DOM
16. 2026-07-20
    days on market $128,900 Active 267 DOM
17. 2026-07-18
    days on market $128,900 Active 265 DOM
18. 2026-07-18
    days on market $128,900 Active 264 DOM
19. 2026-07-16
    days on market $128,900 Active 263 DOM
20. 2026-07-15
    days on market $128,900 Active 262 DOM
21. 2026-07-14
    days on market $128,900 Active 261 DOM
22. 2026-07-13
    days on market $128,900 Active 260 DOM
23. 2026-07-13
    days on market $128,900 Active 259 DOM
24. 2026-07-11
    days on market $128,900 Active 258 DOM
25. 2026-07-10
    days on market $128,900 Active 257 DOM
26. 2026-07-09
    days on market $128,900 Active 256 DOM
27. 2026-07-07
    days on market $128,900 Active 254 DOM
28. 2026-07-06
    days on market $128,900 Active 253 DOM
29. 2026-07-06
    days on market $128,900 Active 252 DOM
30. 2026-07-05
    days on market $128,900 Active 251 DOM
31. 2026-07-03
    days on market $128,900 Active 250 DOM
32. 2026-07-02
    days on market $128,900 Active 249 DOM
33. 2026-07-01
    days on market $128,900 Active 248 DOM
34. 2026-06-30
    days on market $128,900 Active 247 DOM
35. 2026-06-29
    days on market $128,900 Active 246 DOM
36. 2026-06-28
    days on market $128,900 Active 245 DOM
37. 2026-06-27
    days on market $128,900 Active 244 DOM
38. 2026-06-26
    days on market $128,900 Active 243 DOM
39. 2026-06-24
    days on market $128,900 Active 241 DOM
40. 2026-06-22
    days on market $128,900 Active 239 DOM
41. 2026-06-21
    pricedays on market $128,900 Active 238 DOM
42. 2026-06-18
    days on market $134,900 Active 235 DOM
43. 2026-06-17
    days on market $134,900 Active 234 DOM
44. 2026-06-16
    days on market $134,900 Active 233 DOM
45. 2026-06-15
    days on market $134,900 Active 232 DOM
46. 2026-06-13
    days on market $134,900 Active 230 DOM
47. 2026-06-09
    days on market $134,900 Active 226 DOM
48. 2026-06-08
    days on market $134,900 Active 225 DOM
49. 2026-06-07
    days on market $134,900 Active 224 DOM
50. 2026-06-04
    days on market $134,900 Active 221 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: $3,852 · $321/mo
• Projected year-2 tax: $3,852 · $321/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥111°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: $23,559
• − Mortgage interest: −$6,862
• − Property taxes: −$3,852
• − Insurance: −$612
• − Repairs & maintenance: −$1,885
• − Management: −$1,885
• − Depreciation: −$3,564
• Taxable income: $4,900
• Est. tax owed @ 24.0%: −$1,176
• After-tax cash flow: $5,263/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 · 9 photos

Good 75/100 Cosmetic rehab Est. rehab $8,400–$25,200 screening

This charming bungalow-style home in a well-established neighborhood is in good condition with recent updates. It's move-in ready with new flooring and a recently renovated bathroom. Consider painting the exterior and replacing ceiling fans and light fixtures to further enhance its value.

Components & finishes AI

Flooring tile

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and property value ↑
• Both Replace ceiling fans — Modernize and improve air circulation ↑
• Both Replace light fixtures — Modernize and improve lighting ↑

ⓘ 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.

F Composite school gradezoned avg 39/100

Zoned Schools

Elementary Northside El D TX #865/4,322 Nat'l #12,785/41,679 Middle Angleton J H School F TX #911/1,662 Nat'l #7,937/14,009 High Angleton H S F TX #1,011/1,632 Nat'l #10,191/17,239

Schools (NCES district)

• District: Angleton ISD
• NCES district ID: 4808310
• Math proficiency: 36% ▼ -8.00%
• Reading proficiency: 44% ▲ 1.00%
• Median HH income: $55,670
• Composite: 35.01/100
• National rank: #5046
• State rank: #375 of 826 in TX

B Composite livability gradescore 74/100

Livability — Angleton

• Score: 74/100
• State rank: #171
• US rank: #4520

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Angleton, TX
• County: Brazoria County · 420,414 people
• City population: 34,088
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 34,088
• Household income: $88,787
• Rent vs Own: 25.4% rent · 74.6% own
• Severe rent burden: 6% of renters

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Population outlook (Brazoria County) Hauer SSP2

• Today (2025): 420,414 people
• By 2030: 457,585 · +8.8%
• By 2040: 532,232 · +26.6%
• By 2050: 605,399 · +44.0%
• By 2075: 779,358 · +85.4%
• By 2100: 883,759 · +110.2%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 55% Hispanic / Latino 33% Two or more races 18% Black 8% Asian 2%
• Hispanic origin (detail): Mexican 28%
• Common ancestry: Lithuanian 3% Romanian 2% Slovak 1%
• Foreign-born: 8% · Canada, Vietnam
• Languages at home: 78% English-only · Spanish 20% Other Asian/Pacific 1%

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Political lean MEDSL · Brazoria

• 2024 margin: R (+19.7) · D 39.5% · R 59.2% · Other 1.3%
• 2008→2024 swing: +9.9pp toward D · 2008: -29.6pp · 2024: -19.7pp
• All cycles: 2024: R+19.7 2020: R+18.2 2016: R+24.6 2012: R+34.2 2008: R+29.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -15.59%
• Current HPI: 288.7286
• Rent YoY: —
• Metro: Houston-The Woodlands-Sugar Land, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

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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

+42.0% since first listed

28 events — show timeline

• 2026-04-21 Price Changed $134,900 HARMLS
• 2026-04-14 Price Changed $1,400 HARMLS
• 2026-04-11 Listed for Rent $1,250 HARMLS
• 2026-03-20 Price Changed $144,900 HARMLS
• 2026-03-07 Relisted — HARMLS
• 2026-03-07 Price Changed $147,500 HARMLS
• 2026-03-06 Listing Removed — HARMLS
• 2026-02-03 Price Changed $148,900 HARMLS
• 2025-12-04 Relisted — HARMLS
• 2025-11-30 Listing Removed — HARMLS
• 2025-11-14 Price Changed $152,900 HARMLS
• 2025-10-21 Listed $157,500 HARMLS
• 2025-10-15 Listing Removed — HARMLS
• 2025-09-25 Price Changed $158,500 HARMLS
• 2025-08-25 Price Changed $164,900 HARMLS
• 2025-08-06 Listed $168,000 HARMLS
• 2023-09-15 Rental Removed $1,195 HARMLS
• 2023-09-12 Listing Removed — HARMLS
• 2023-08-17 Price Changed $1,195 HARMLS
• 2023-08-11 Listed $169,900 HARMLS
• 2023-03-31 Listing Removed — HARMLS
• 2023-03-09 Price Changed $179,900 HARMLS
• 2023-02-24 Listed $189,900 HARMLS
• 2014-05-23 Sold (Public Records) — Public Records
• 2013-06-28 Sold (Public Records) — Public Records
• 2013-04-24 Sold (Public Records) — Public Records
• 2007-10-19 Listing Removed — HARMLS
• 2007-10-07 Listed $95,000 HARMLS

Property tax history

+3.0%/yr

Latest (2025): $3,852 · -3.0% YoY. Source: county tax records.