1037 New Orleans Ave Ave · Port Arthur, TX 77640

$55,000

3 bd · 1.0 ba · 1,016 sqft · SingleFamily public records · 142 Days on market

Built 1962 4,200 sqft lot $54/sqft · 19% below area Est $68k · 19% under ↓ 27% since listing

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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
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Single-family home in Port Arthur with approximately 1,016 sq ft on a 4,200 sq ft lot. Built in 1962, the property is being sold as-is and offers potential for renovation.

Key facts

• 4,200 sq ft lot
• Built 1962
• Listed 142 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $414 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $48k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.8% vs local median 5.0% in Port Arthur — 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 61/100 on livability (#1,014 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D-, crime F, amenities F.
• Port Arthur ISD (urban): math 15% / reading 22% proficiency, ranked #796 of 826 in TX (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 148 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 343 units permitted in Jefferson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 142 days — a 12% lower offer ($48k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.5% of price; flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $48,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 142 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 1962 — 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. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. Crime grade is F 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?
9. 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.
10. 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.
11. 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: 2.09% ✓
• Cap rate: 16.77%
• Cash-on-cash: 37.43%
• DSCR: 2.67
• GRM: 4.0

CMA / ARV

• ARV (median comp): $67,926
• List price: $55,000
• Delta: -19.03%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1235 Dequeen Blvd	0.58mi	2/1.0 (-1)	1,008 (-1%)	5mo	$10,000	$10	63
530 Liberty Ave	0.56mi	3/2.0	1,127 (+11%)	15mo	$210,000	$186	39
1040 E 18th St	0.72mi	2/1.0 (-1)	900 (-11%)	5mo	$90,000	$100	38
2217 Rev Dr Ransom Howard St	0.46mi	2/1.0 (-1)	1,144 (+13%)	18mo	$30,000	$26	38

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: 27.4%
• Equity multiple: 2.14×
• Total profit: $17,539
• Equity at exit: $8,201

10-year hold

• IRR: 35.0%
• Equity multiple: 4.22×
• Total profit: $49,577
• Equity at exit: $4,755

Cash invested: $15,400 (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 77640

• Home prices YoY: -22.2%
• Active inventory: 148
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $1,150 high
• Mortgage (P&I): −$288
• Tax from tax record: −$117 /mo · $1,401/yr
• Insurance: −$23
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$242
• Net cashflow: $414

Break-even live

Break-even rent $626

Max offer price $55,000

Occupancy floor 59%

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1409 10th St Port Arthur, TX	2.0	1.0	1000	$925	$0.93	43d	1	0.18mi
1409 10th St Unit A Port Arthur, TX	3.0	1.0	1278	$1,275	$1.00	21d	1	0.18mi
1300 18th St Port Arthur, TX	3.0	1.0	1400	$1,495	$1.07	43d	1	0.63mi
311 12th St Port Arthur, TX	2.0	1.0	894	$1,200	$1.34	13d	1	0.97mi
3000 8th St Port Arthur, TX	2.0	1.0	780	$1,195	$1.53	23d	1	1.00mi
2510 Avenue A Port Arthur, TX	2.0	2.0	1270	$1,500	$1.18	23d	1	1.48mi

Listing history 19 events

1. 2026-06-18
   days on market $55,000 Active 142 DOM
2. 2026-06-17
   days on market $55,000 Active 141 DOM
3. 2026-06-16
   days on market $55,000 Active 140 DOM
4. 2026-06-15
   days on market $55,000 Active 139 DOM
5. 2026-06-14
   days on market $55,000 Active 137 DOM
6. 2026-06-13
   days on market $55,000 Active 136 DOM
7. 2026-06-10
   days on market $55,000 Active 134 DOM
8. 2026-06-09
   days on market $55,000 Active 133 DOM
9. 2026-06-08
   days on market $55,000 Active 132 DOM
10. 2026-06-07
    days on market $55,000 Active 131 DOM
11. 2026-06-03
    days on market $55,000 Active 127 DOM
12. 2026-06-02
    days on market $55,000 Active 126 DOM
13. 2026-06-01
    days on market $55,000 Active 125 DOM
14. 2026-05-31
    days on market $55,000 Active 124 DOM
15. 2026-05-30
    days on market $55,000 Active 123 DOM
16. 2026-05-18
    price $55,000 171-char remark

    Show marketing remark (171 chars)

    Single-family home in Port Arthur with approximately 1,016 sq ft on a 4,200 sq ft lot. Built in 1962, the property is being sold as-is and offers potential for renovation.

17. 2026-03-10
    price $62,000 171-char remark

    Show marketing remark (171 chars)

    Single-family home in Port Arthur with approximately 1,016 sq ft on a 4,200 sq ft lot. Built in 1962, the property is being sold as-is and offers potential for renovation.

18. 2026-01-27
    listed $75,000 Active 171-char remark

    Show marketing remark (171 chars)

    Single-family home in Port Arthur with approximately 1,016 sq ft on a 4,200 sq ft lot. Built in 1962, the property is being sold as-is and offers potential for renovation.

19. 2022-08-12
    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: $1,401 · $117/mo
• Projected year-2 tax: $1,401 · $117/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 8/10 Severe FEMA zone X (shaded) · 77% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 23 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: $13,800
• − Mortgage interest: −$3,081
• − Property taxes: −$1,401
• − Insurance: −$1,072
• − Repairs & maintenance: −$1,104
• − Management: −$1,104
• − Depreciation: −$1,600
• Taxable income: $4,437
• Est. tax owed @ 24.0%: −$1,065
• After-tax cash flow: $3,902/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: Port Arthur ISD
• NCES district ID: 4835400
• Math proficiency: 15% ▼ -22.00%
• Reading proficiency: 22% ▼ -10.00%
• Median HH income: $31,795
• Composite: 14.9/100
• National rank: #9373
• State rank: #796 of 826 in TX

Livability — Port Arthur

• Score: 61/100
• State rank: #1014
• US rank: #18061

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Port Arthur, TX
• City population: 38,358
• Population (ZIP): 17,480

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 259,015 people
• By 2030: 260,685 · +0.6%
• By 2040: 263,309 · +1.7%
• By 2050: 265,237 · +2.4%
• By 2075: 270,193 · +4.3%
• By 2100: 255,628 · -1.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: Black 54% White 22% Hispanic / Latino 21% Two or more races 8% Asian 2%
• Hispanic origin (detail): Mexican 16% Dominican 1%
• Common ancestry: Lithuanian 3%
• Foreign-born: 11% · Canada
• Languages at home: 79% English-only · Spanish 17% Other Indo-European 2% German/W. Germanic 1%

Political lean MEDSL · Jefferson

• 2024 margin: Lean R (+8.9) · D 45.1% · R 54.0%
• 2008→2024 swing: -11.1pp toward R · 2008: 2.2pp · 2024: -8.9pp
• All cycles: 2024: R+8.9 2020: R+1.6 2016: R+0.5 2012: D+1.6 2008: D+2.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -47.78%
• Current HPI: 167.6359
• 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

-26.7% since first listed

4 events — show timeline

• 2026-05-18 Price Changed $55,000 HARMLS
• 2026-03-10 Price Changed $62,000 HARMLS
• 2026-01-27 Listed $75,000 HARMLS
• 2022-08-12 Sold (Public Records) — Public Records

Property tax history

+9.2%/yr

Latest (2025): $1,401 · -3.1% YoY. Source: county tax records.