3407 Daisy · Santa Fe, TX 77510

$314,500

3 bd · 2.0 ba · 1,507 sqft · SingleFamily public records · 7 Days on market

Built 2022 8,799 sqft lot Est $338k · 7% under

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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 +10.6/15.0
• 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
• Appreciation +0.0/10.0

Listing remarks

In the sought-after Hidden Meadows subdivision in Santa Fe, . 3-2-2 Open floor plan 4-year-old Bil-Mar home is located on the very back quiet cul-de-sac street of this small subdivision on an oversized lot. Lots of curb appeal this home has been treated with great care; in fact, no one even wore shoes inside the home, so it feels like a model home. It boasts 9' ceilings, arched hallways, 40" Kitchen Cabinets complete with under cabinet lighting. Upgraded dishwasher, less than a year old. Granite counter tops with a large farm sink. Tiled showers in both bathrooms. Wood look tile in main living areas and carpet in the bedrooms. Covered front and back porches, upgraded door hardware. A g

Key facts

• Granite counter tops
• Oversized lot
• Upgraded dishwasher

Tags

• HIDDEN MEADOWS SUBDIVISION
• QUIET CUL-DE-SAC STREET
• OVERSIZED LOT
• UNDER CABINET LIGHTING
• UPGRADED DISHWASHER
• GRANITE COUNTER TOPS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $314k.

Deal economics

• At list price, monthly cash flow is $16k ($188k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($23k rent vs $314k).
• Cap rate 66.1% 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.
• Zoned schools: Roy J Wollam El (math 44% / reading 44%, grade F, #1,243 of 4,322 statewide, top 29%, 627 students, 60% FRL); Santa Fe H S (math 19% / reading 34%, grade F, #1,228 of 1,632 statewide, top 76%, 1,369 students, 47% FRL) — zoned schools average 54% FRL vs 35% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 233 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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 $88k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• 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 $314,500

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 7.23% ✓
• Cap rate: 66.09%
• Cash-on-cash: 213.56%
• DSCR: 10.50
• GRM: 1.2

CMA / ARV

• ARV (on-the-fly): $337,568
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3700 Avenue S St W	0.24mi	3/2.0	1,406 (-7%)	5mo	$315,000	$224	73
13306 Winston Dr	0.46mi	3/2.0	1,624 (+8%)	3mo	$399,900	$246	63
13331 Pecan Trails Dr	0.33mi	3/2.0	1,689 (+12%)	3mo	$314,999	$187	62
4002 Avenue Q 1/2	0.61mi	3/2.0	1,528 (+1%)	14mo	$319,000	$209	57

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: 11.76×
• Total profit: $947,578
• Equity at exit: $46,893

10-year hold

• IRR: —
• Equity multiple: 24.98×
• Total profit: $2,112,058
• Equity at exit: $27,192

Cash invested: $88,060 (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: 1.2×

Monthly cashflow live

• Estimated rent: $22,730 medium
• Mortgage (P&I): −$1,649
• Tax from tax record: −$505 /mo · $6,063/yr
• Insurance: −$131
• HOA: −$0
• Vacancy / Maint / Mgmt: −$4,773
• Net cashflow: $15,672

Break-even live

Break-even rent $2,893

Max offer price $314,500

Occupancy floor 26%

Sensitivity live

Price	-10% $15,850	-5% $15,761	+0% $15,672	+5% $15,583	+10% $15,494
Rent	-10% $13,876	-5% $14,774	+0% $15,672	+5% $16,569	+10% $17,467
Rate	-1.0pp $15,830	-0.5pp $15,752	base $15,672	+0.5pp $15,590	+1.0pp $15,507

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: $78,625
• Closing costs: $9,435
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13342 Pecan Trails Dr Santa Fe, TX	4.0	3.0	2150	$2,700	$1.26	44d	1	0.31mi
4120 Avenue O #10 Santa Fe, TX	3.0	2.0	1280	$74,621	$58.30	44d	1	0.97mi

Listing history 6 events

1. 2026-06-18
   days on market $314,500 Coming Soon 7 DOM
2. 2026-06-17
   days on market $314,500 Coming Soon 6 DOM
3. 2026-06-16
   days on market $314,500 Coming Soon 5 DOM
4. 2026-06-15
   days on market $314,500 Coming Soon 4 DOM
5. 2026-06-13
   remarks 694-char remark
6. 2026-06-13
   listed $314,500 Coming Soon 2 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: $6,063 · $505/mo
• Projected year-2 tax: $6,063 · $505/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 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°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: $272,766
• − Mortgage interest: −$17,617
• − Property taxes: −$6,063
• − Insurance: −$1,572
• − Repairs & maintenance: −$21,821
• − Management: −$21,821
• − Depreciation: −$9,149
• Taxable income: $194,722
• Est. tax owed @ 24.0%: −$46,733
• After-tax cash flow: $141,325/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

1 event — show timeline

• 2026-06-11 Coming Soon $314,500 HARMLS

Property tax history

+87.2%/yr

Latest (2025): $6,063 · -12.7% YoY. Source: county tax records.