411 Ml King Jr St · Texas City, TX 77590

$50,000

3 bd · 2.0 ba · 2,516 sqft · SingleFamily public records · 147 Days on market

Built 1957 7,501 sqft lot $20/sqft · 78% below area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +3.7/5.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This property presents a fantastic investment opportunity, being sold as-is and priced below market value. With endless potential to customize, renovate, or redevelop, this blank canvas offers a great return on investment. Situated in a prime location with significant potential for future appreciation, this is ideal for those seeking to create a custom home in a desirable area at an attractive price.

Key facts

• 7,501 sq ft lot
• Garage
• Built 1957

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $50k).
• Recommended offer: $44k (12.0% below list) — sets the bar for market timing.
• Cap rate 34.7% vs local median 4.3% in Texas 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 62/100 on livability (#907 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D+, schools 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.
• Market conditions: Rents rising fast (+4.9%/yr); 296 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 3,258 units permitted in Galveston County in 2024 (0 in 5+ unit buildings).
• This rent runs 35% of the median local income ($66k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $346 of loan paydown is wiped out by about $2k 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 + 4.9% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 147 days — a 12% lower offer ($44k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y ago; this cycle's ask has dropped $70k (58%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1957 — 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 $44,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 147 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 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
7. Crime grade is D 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?
8. 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.
9. 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.
10. 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: 3.87% ✓
• Cap rate: 34.68%
• Cash-on-cash: 101.40%
• DSCR: 5.51
• GRM: 2.2

CMA / ARV

• ARV (median comp): $228,353
• List price: $50,000
• Delta: -78.10%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
411 Ml King Jr St	0.00mi	3/2.0	2,516 (0%)	1mo	$50,000	$20	100
214 9th Ave N	0.37mi	3/1.5	2,252 (-10%)	2mo	$229,900	$102	61
501 12th Ave N	0.50mi	3/3.5	2,414 (-4%)	5mo	$298,777	$124	60
104 12th Ave N	0.60mi	4/3.0 (+1)	2,520 (+0%)	16mo	$97,000	$38	50
201 13th Ave N	0.59mi	4/2.0 (+1)	2,331 (-7%)	22mo	$235,000	$101	37

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 · 4.91% rent growth · sell at horizon

5-year hold

• IRR: 98.9%
• Equity multiple: 5.78×
• Total profit: $66,870
• Equity at exit: $7,455

10-year hold

• IRR: —
• Equity multiple: 12.88×
• Total profit: $166,251
• Equity at exit: $4,323

Cash invested: $14,000 (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 77590

• Home prices YoY: -19.3%
• Rents YoY: 4.9%
• Active inventory: 296
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $1,935 medium
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $750/yr
• Insurance: −$21
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$406
• Net cashflow: $1,117

Break-even live

Break-even rent $522

Max offer price $50,000

Occupancy floor 37%

Sensitivity live

Price	-10% $1,151	-5% $1,134	+0% $1,117	+5% $1,099	+10% $1,082
Rent	-10% $964	-5% $1,040	+0% $1,117	+5% $1,193	+10% $1,269
Rate	-1.0pp $1,142	-0.5pp $1,129	base $1,117	+0.5pp $1,104	+1.0pp $1,090

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
625 26th Ave N Texas City, TX	4.0	2.0	1782	$1,945	$1.09	45d	1	1.40mi
1139 Mainland Dr Texas City, TX	3.0	2.0	2500	$2,100	$0.84	3d	1	1.45mi

Listing history 23 events

1. 2026-06-02
   status $50,000 Pending 147 DOM
2. 2026-06-01
   days on market $50,000 Active 147 DOM
3. 2026-05-31
   days on market $50,000 Active 146 DOM
4. 2026-05-18
   price $55,000 403-char remark

   Show marketing remark (403 chars)

   This property presents a fantastic investment opportunity, being sold as-is and priced below market value. With endless potential to customize, renovate, or redevelop, this blank canvas offers a great return on investment. Situated in a prime location with significant potential for future appreciation, this is ideal for those seeking to create a custom home in a desirable area at an attractive price.

5. 2026-03-31
   price $75,000 403-char remark

   Show marketing remark (403 chars)

   This property presents a fantastic investment opportunity, being sold as-is and priced below market value. With endless potential to customize, renovate, or redevelop, this blank canvas offers a great return on investment. Situated in a prime location with significant potential for future appreciation, this is ideal for those seeking to create a custom home in a desirable area at an attractive price.

6. 2026-03-23
   soldstatus
7. 2026-03-20
   price $80,000 403-char remark

   Show marketing remark (403 chars)

   This property presents a fantastic investment opportunity, being sold as-is and priced below market value. With endless potential to customize, renovate, or redevelop, this blank canvas offers a great return on investment. Situated in a prime location with significant potential for future appreciation, this is ideal for those seeking to create a custom home in a desirable area at an attractive price.

8. 2026-03-13
   price $85,000 403-char remark

   Show marketing remark (403 chars)

   This property presents a fantastic investment opportunity, being sold as-is and priced below market value. With endless potential to customize, renovate, or redevelop, this blank canvas offers a great return on investment. Situated in a prime location with significant potential for future appreciation, this is ideal for those seeking to create a custom home in a desirable area at an attractive price.

9. 2026-02-11
   price $99,000 403-char remark

   Show marketing remark (403 chars)

   This property presents a fantastic investment opportunity, being sold as-is and priced below market value. With endless potential to customize, renovate, or redevelop, this blank canvas offers a great return on investment. Situated in a prime location with significant potential for future appreciation, this is ideal for those seeking to create a custom home in a desirable area at an attractive price.

10. 2026-01-13
    price $110,000 403-char remark

    Show marketing remark (403 chars)

    This property presents a fantastic investment opportunity, being sold as-is and priced below market value. With endless potential to customize, renovate, or redevelop, this blank canvas offers a great return on investment. Situated in a prime location with significant potential for future appreciation, this is ideal for those seeking to create a custom home in a desirable area at an attractive price.

11. 2026-01-05
    listed $120,000 Active 403-char remark

    Show marketing remark (403 chars)

    This property presents a fantastic investment opportunity, being sold as-is and priced below market value. With endless potential to customize, renovate, or redevelop, this blank canvas offers a great return on investment. Situated in a prime location with significant potential for future appreciation, this is ideal for those seeking to create a custom home in a desirable area at an attractive price.

12. 2025-10-29
    soldstatus
13. 2025-10-28
    soldstatus
14. 2025-09-04
    soldstatus
15. 2019-12-31
    soldstatus Sold 182-char remark

    Show marketing remark (182 chars)

    Lot located near Texas City's Street of Memories where city is revitalizing area. Near Historic downtown where there is now a New Brewery. Close to Museum, restaurants and shopping!

16. 2019-12-30
    status Pending 182-char remark

    Show marketing remark (182 chars)

    Lot located near Texas City's Street of Memories where city is revitalizing area. Near Historic downtown where there is now a New Brewery. Close to Museum, restaurants and shopping!

17. 2019-12-30
    listed $9,000 Active 182-char remark

    Show marketing remark (182 chars)

    Lot located near Texas City's Street of Memories where city is revitalizing area. Near Historic downtown where there is now a New Brewery. Close to Museum, restaurants and shopping!

18. 2019-12-09
    historical
19. 2019-01-26
    listed $9,000 Active
20. 2017-04-28
    soldstatus Sold
21. 2017-04-17
    status Pending
22. 2017-04-11
    status Option Pending
23. 2016-10-13
    listed $7,500 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X · 60% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,218
• − Mortgage interest: −$2,801
• − Property taxes: −$750
• − Insurance: −$1,048
• − Repairs & maintenance: −$1,857
• − Management: −$1,857
• − Depreciation: −$1,455
• Taxable income: $13,451
• Est. tax owed @ 24.0%: −$3,228
• After-tax cash flow: $10,170/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 — Texas City

• Score: 62/100
• State rank: #907
• US rank: #16268

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Texas City, TX
• County: Galveston County · 357,330 people
• City population: 49,936
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 31,642
• Household income: $65,801
• Rent vs Own: 47.6% rent · 52.4% own
• Severe rent burden: 1821.0

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: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 41% Hispanic / Latino 38% Two or more races 20% Black 17% Asian 2%
• Hispanic origin (detail): Mexican 33% Puerto Rican 1%
• Common ancestry: Lithuanian 2% Slovak 1% Italian 1%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 72% English-only · Spanish 26% 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: ▼ -58.35%
• Current HPI: 244.5809
• Rent YoY: ▲ 4.91%
• 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

+633.3% since first listed

20 events — show timeline

• 2026-05-18 Price Changed $55,000 HARMLS
• 2026-03-31 Price Changed $75,000 HARMLS
• 2026-03-23 Sold (Public Records) — Public Records
• 2026-03-20 Price Changed $80,000 HARMLS
• 2026-03-13 Price Changed $85,000 HARMLS
• 2026-02-11 Price Changed $99,000 HARMLS
• 2026-01-13 Price Changed $110,000 HARMLS
• 2026-01-05 Listed $120,000 HARMLS
• 2025-10-29 Sold (Public Records) — Public Records
• 2025-10-28 Sold (Public Records) — Public Records
• 2025-09-04 Sold (Public Records) — Public Records
• 2019-12-31 Sold (MLS) — HARMLS
• 2019-12-30 Pending — HARMLS
• 2019-12-30 Listed $9,000 HARMLS
• 2019-12-09 Listing Removed — HARMLS
• 2019-01-26 Listed $9,000 HARMLS
• 2017-04-28 Sold (MLS) — HARMLS
• 2017-04-17 Pending — HARMLS
• 2017-04-11 Pending — HARMLS
• 2016-10-13 Listed $7,500 HARMLS

Property tax history

+8.9%/yr

Latest (2025): $3,228 · +11.6% YoY. Source: county tax records.