909 N Lake Ave · Eagle Lake, TX 77434

$19,000

2 bd · 1.0 ba · 736 sqft · SingleFamily public records · 37 Days on market

Built 1930 6,098 sqft lot $26/sqft · 75% below area

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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
• ARV discount +7.5/15.0
• Appreciation +5.7/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.1/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Investor opportunity in the heart of Eagle Lake! Perfect rental property, investment opportunity, or ideal starter home for a homeowner looking for value. Motivated seller and priced to move! This move-in ready home offers tons of potential with a spacious layout, charming curb appeal, and a great location.

Key facts

• 6,098 sq ft lot
• Built 1930
• Listed 37 days

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Residential property; Single-story (first floor living areas shown)
• Construction: Built in 1930; Vinyl siding exterior; Block foundation; Composition roof
• Exterior features: Cleared lot

Interior

• Kitchen: Standard kitchen
• Bedrooms: Primary bedroom (11 x 11); Bedroom (11 x 10)
• Bathrooms: 1 full bathroom (8 x 8)
• Interior features: Living room (18 x 20); Kitchen (14 x 16)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $19k.

Deal economics

• At list price, monthly cash flow is $536 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($907 rent vs $19k).
• Recommended offer: $18k (3.0% below list) — sets the bar for market timing.
• Cap rate 40.2% vs local median 3.7% in Eagle Lake — 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 (#913 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, crime A-, housing B+; Watch: amenities F, commute F, employment D-.
• Rice CISD (rural): math 34% / reading 32% proficiency, ranked #574 of 826 in TX (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Eagle Lake Int (math 37% / reading 27%, grade F, #2,268 of 4,322 statewide, top 55%, 180 students, 87% FRL) — zoned schools average 87% FRL vs 68% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 59 active listings in the ZIP; 29 units permitted in Colorado County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $378 of equity ($131 loan paydown + $247 appreciation (1.3% local appreciation)).
• At projected returns (1.3% appreciation + 3.0% rent growth), your $5k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($18k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 4.6% of price; built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $18,430 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 4.77% ✓
• Cap rate: 40.18%
• Cash-on-cash: 121.01%
• DSCR: 6.38
• GRM: 1.7

CMA / ARV

• ARV (median comp): $75,902
• List price: $19,000
• Delta: -74.97%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

1.3% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 7.55×
• Total profit: $34,850
• Equity at exit: $6,785

10-year hold

• IRR: —
• Equity multiple: 15.74×
• Total profit: $78,440
• Equity at exit: $9,253

Cash invested: $5,320 (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 77434

• Home prices YoY: 0.7%
• Active inventory: 59
• Price-to-rent: 1.7×

Monthly cashflow live

• Estimated rent: $907 medium
• Mortgage (P&I): −$100
• Tax from tax record: −$72 /mo · $868/yr
• Insurance: −$8
• HOA: −$0
• Vacancy / Maint / Mgmt: −$190
• Net cashflow: $536

Break-even live

Break-even rent $228

Max offer price $19,000

Occupancy floor 36%

Sensitivity live

Price	-10% $598	-5% $542	+0% $536	+5% $531	+10% $526
Rent	-10% $465	-5% $501	+0% $536	+5% $572	+10% $608
Rate	-1.0pp $546	-0.5pp $541	base $536	+0.5pp $532	+1.0pp $527

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: $4,750
• Closing costs: $570
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   price $19,000 Active 37 DOM
2. 2026-06-18
   days on market $39,000 Active 37 DOM
3. 2026-06-17
   days on market $39,000 Active 36 DOM
4. 2026-06-16
   days on market $39,000 Active 35 DOM
5. 2026-06-15
   days on market $39,000 Active 34 DOM
6. 2026-06-15
   days on market $39,000 Active 33 DOM
7. 2026-06-13
   days on market $39,000 Active 32 DOM
8. 2026-06-12
   days on market $39,000 Active 31 DOM
9. 2026-06-09
   days on market $39,000 Active 28 DOM
10. 2026-06-08
    days on market $39,000 Active 27 DOM
11. 2026-06-08
    pricedays on market $39,000 Active 26 DOM
12. 2026-06-05
    days on market $59,000 Active 24 DOM
13. 2026-06-03
    days on market $59,000 Active 22 DOM
14. 2026-06-02
    days on market $59,000 Active 21 DOM
15. 2026-06-01
    days on market $59,000 Active 20 DOM
16. 2026-05-31
    days on market $59,000 Active 19 DOM
17. 2026-05-16
    price $89,000 308-char remark
18. 2026-05-12
    listed $99,000 Active 308-char remark

ⓘ 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: $868 · $72/mo
• Projected year-2 tax: $868 · $72/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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥112°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,881
• − Mortgage interest: −$1,064
• − Property taxes: −$868
• − Insurance: −$95
• − Repairs & maintenance: −$871
• − Management: −$871
• − Depreciation: −$553
• Taxable income: $6,561
• Est. tax owed @ 24.0%: −$1,575
• After-tax cash flow: $4,863/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: Rice CISD
• NCES district ID: 4836970
• Math proficiency: 34% ▼ -9.00%
• Reading proficiency: 32% ▼ -2.00%
• Median HH income: $39,704
• Composite: 27.72/100
• National rank: #6907
• State rank: #574 of 826 in TX

Livability — Eagle Lake

• Score: 62/100
• State rank: #913
• US rank: #16344

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Eagle Lake, TX
• Population (ZIP): 4,037

Population outlook (Colorado County) Hauer SSP2

• Today (2025): 20,932 people
• By 2030: 20,803 · -0.6%
• By 2040: 20,518 · -2.0%
• By 2050: 20,325 · -2.9%
• By 2075: 20,086 · -4.0%
• By 2100: 18,228 · -12.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Hispanic / Latino 58% White 22% Black 19% Two or more races 16% Native American 2%
• Hispanic origin (detail): Mexican 54%
• Common ancestry: Lithuanian 4% Italian 1%
• Foreign-born: 9% · Canada
• Languages at home: 68% English-only · Spanish 32%

Political lean MEDSL · Colorado

• 2024 margin: Solid R (+57.2) · D 21.1% · R 78.3%
• 2008→2024 swing: -17.9pp toward R · 2008: -39.4pp · 2024: -57.2pp
• All cycles: 2024: R+57.2 2020: R+50.6 2016: R+51.2 2012: R+49.3 2008: R+39.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.30%
• Current HPI: 179.6872
• 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

-60.6% since first listed

5 events — show timeline

• 2026-06-05 Price Changed $39,000 HARMLS
• 2026-05-27 Price Changed $59,000 HARMLS
• 2026-05-22 Price Changed $69,000 HARMLS
• 2026-05-16 Price Changed $89,000 HARMLS
• 2026-05-12 Listed $99,000 HARMLS

Property tax history

+7.8%/yr

Latest (2025): $868 · +0.2% YoY. Source: county tax records.