123 Lake Rd · La Marque, TX 77568

$159,000

3 bd · 1.0 ba · 745 sqft · SingleFamily public records · 99 Days on market

Built 1958 8,010 sqft lot $213/sqft · 45% above area Est $149k · 7% over

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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 +18.6/30.0
• DSCR +5.9/10.0
• 1% rule +5.1/10.0
• ARV discount +4.3/15.0
• Rent growth +3.5/5.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

CUTE AS A BUTTON AND COMPLETELY RENOVATED! THIS CHARMING LA MARQUE HOME HAS BEEN BEAUTIFULLY UPDATED. RECENT IMPROVEMENTS INCLUDE BRAND-CENTRAL HVACK SYSTEM, NEW SIDING, FLOORING, EFFICIENCY DOUBLE PANED WINDOWS, NEW KITCHEN CABINETS, BACKSPLASH AND COUNTERTOPS, STYLISH STAINLESS STEEL APPLIANCES AS WELL AS COMPLETE RENOVATIONS IN BOTH BATHROOMS. STEP INSIDE TO A LIGHT, BRIGHT INTERIOR THAT FEELS WARM AND FRESH WITH A MODERN FEEL THROUGHOUT THE HOME. THE THOUGHTFUL UPDATES PROVIDE THE PERFECT BLEND OF COMFORT AND FUNCTIONALITY, MAKING THIS HOME IDEAL FOR THE FIRST-TIME BUYER, DOWNSIZING, OR LOOKING FOR A MOVE-IN READY HOME. THIS ONE CHECKS ALL THE BOXES. ENJOY THE PEACE OF MIND THAT COMES WITH MAJOR UPGRADES ALREADY COMPLETED WHILE STILL HAVING THE CHARM AND CHARACTER THAT MAKES A HOUSE TRULY FEEL LIKE HOME. DON’T MISS THE OPPORTUNITY TO OWN THIS BEAUTIFULLY REFRESHED LA MARQUE GEM!

Key facts

• New siding
• Central hvack system
• Backsplash

Tags

• CENTRAL HVACK SYSTEM
• NEW SIDING
• NEW KITCHEN CABINETS
• BACKSPLASH
• COUNTERTOPS
• STAINLESS STEEL APPLIANCES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $154 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $159k).
• Recommended offer: $145k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.5% vs local median 5.6% in La Marque — 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 59/100 on livability (#1,136 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: employment D, schools F, crime 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 (+4.0%/yr); 654 active listings in the ZIP; 1 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 $1k of loan paydown is wiped out by about $5k 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.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $144,690 (9.0% below list)

Questions for the listing agent

1. It's been on market 99 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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?
7. 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?
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: 1.01% ✓
• Cap rate: 7.46%
• Cash-on-cash: 4.16%
• DSCR: 1.19
• GRM: 8.2

CMA / ARV

• ARV (median comp): $148,533
• List price: $159,000
• Delta: 7.05%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2000 Bellview St	0.13mi	2/1.0 (-1)	768 (+3%)	6mo	$124,900	$163	79
2013 Rosalee St	0.19mi	3/1.0	768 (+3%)	11mo	$75,000	$98	77
117 Lake Rd	0.03mi	2/1.0 (-1)	800 (+7%)	14mo	$129,999	$162	70
6223 Linton Ln	0.56mi	2/1.0 (-1)	767 (+3%)	2mo	$99,000	$129	63
404 S Texas St	0.57mi	2/1.0 (-1)	768 (+3%)	10mo	$80,000	$104	55
1011 Linden St	0.53mi	2/1.0 (-1)	854 (+15%)	2mo	$124,882	$146	44

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 · 3.95% rent growth · sell at horizon

5-year hold

• IRR: -8.7%
• Equity multiple: 0.68×
• Total profit: $-14,338
• Equity at exit: $23,707

10-year hold

• IRR: 2.1%
• Equity multiple: 1.15×
• Total profit: $6,823
• Equity at exit: $13,747

Cash invested: $44,520 (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 77568

• Home prices YoY: -22.7%
• Rents YoY: 4.0%
• Active inventory: 654
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,609 medium
• Mortgage (P&I): −$834
• Tax from tax record: −$217 /mo · $2,601/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $154

Break-even live

Break-even rent $1,414

Max offer price $159,000

Occupancy floor 85%

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
711 Avenue A Unit 4 La Marque, TX	2.0	1.0	750	$799	$1.07	44d	1	1.05mi

Listing history 22 events

1. 2026-06-18
   days on market $159,000 Active 99 DOM
2. 2026-06-17
   days on market $159,000 Active 98 DOM
3. 2026-06-16
   days on market $159,000 Active 97 DOM
4. 2026-06-15
   days on market $159,000 Active 96 DOM
5. 2026-06-13
   days on market $159,000 Active 94 DOM
6. 2026-06-09
   days on market $159,000 Active 90 DOM
7. 2026-06-08
   days on market $159,000 Active 89 DOM
8. 2026-06-07
   days on market $159,000 Active 88 DOM
9. 2026-06-04
   days on market $159,000 Active 85 DOM
10. 2026-06-03
    days on market $159,000 Active 84 DOM
11. 2026-06-02
    days on market $159,000 Active 83 DOM
12. 2026-06-01
    days on market $159,000 Active 82 DOM
13. 2026-05-31
    days on market $159,000 Active 81 DOM
14. 2026-05-11
    price $159,000 901-char remark

    Show marketing remark (901 chars)

    CUTE AS A BUTTON AND COMPLETELY RENOVATED! THIS CHARMING LA MARQUE HOME HAS BEEN BEAUTIFULLY UPDATED. RECENT IMPROVEMENTS INCLUDE BRAND-CENTRAL HVACK SYSTEM, NEW SIDING, FLOORING, EFFICIENCY DOUBLE PANED WINDOWS, NEW KITCHEN CABINETS, BACKSPLASH AND COUNTERTOPS, STYLISH STAINLESS STEEL APPLIANCES AS WELL AS COMPLETE RENOVATIONS IN BOTH BATHROOMS. STEP INSIDE TO A LIGHT, BRIGHT INTERIOR THAT FEELS WARM AND FRESH WITH A MODERN FEEL THROUGHOUT THE HOME. THE THOUGHTFUL UPDATES PROVIDE THE PERFECT BLEND OF COMFORT AND FUNCTIONALITY, MAKING THIS HOME IDEAL FOR THE FIRST-TIME BUYER, DOWNSIZING, OR LOOKING FOR A MOVE-IN READY HOME. THIS ONE CHECKS ALL THE BOXES. ENJOY THE PEACE OF MIND THAT COMES WITH MAJOR UPGRADES ALREADY COMPLETED WHILE STILL HAVING THE CHARM AND CHARACTER THAT MAKES A HOUSE TRULY FEEL LIKE HOME. DON’T MISS THE OPPORTUNITY TO OWN THIS BEAUTIFULLY REFRESHED LA MARQUE GEM!

15. 2026-03-23
    price $174,000 901-char remark

    Show marketing remark (901 chars)

    CUTE AS A BUTTON AND COMPLETELY RENOVATED! THIS CHARMING LA MARQUE HOME HAS BEEN BEAUTIFULLY UPDATED. RECENT IMPROVEMENTS INCLUDE BRAND-CENTRAL HVACK SYSTEM, NEW SIDING, FLOORING, EFFICIENCY DOUBLE PANED WINDOWS, NEW KITCHEN CABINETS, BACKSPLASH AND COUNTERTOPS, STYLISH STAINLESS STEEL APPLIANCES AS WELL AS COMPLETE RENOVATIONS IN BOTH BATHROOMS. STEP INSIDE TO A LIGHT, BRIGHT INTERIOR THAT FEELS WARM AND FRESH WITH A MODERN FEEL THROUGHOUT THE HOME. THE THOUGHTFUL UPDATES PROVIDE THE PERFECT BLEND OF COMFORT AND FUNCTIONALITY, MAKING THIS HOME IDEAL FOR THE FIRST-TIME BUYER, DOWNSIZING, OR LOOKING FOR A MOVE-IN READY HOME. THIS ONE CHECKS ALL THE BOXES. ENJOY THE PEACE OF MIND THAT COMES WITH MAJOR UPGRADES ALREADY COMPLETED WHILE STILL HAVING THE CHARM AND CHARACTER THAT MAKES A HOUSE TRULY FEEL LIKE HOME. DON’T MISS THE OPPORTUNITY TO OWN THIS BEAUTIFULLY REFRESHED LA MARQUE GEM!

16. 2026-03-11
    listed $179,000 Active 901-char remark

    Show marketing remark (901 chars)

    CUTE AS A BUTTON AND COMPLETELY RENOVATED! THIS CHARMING LA MARQUE HOME HAS BEEN BEAUTIFULLY UPDATED. RECENT IMPROVEMENTS INCLUDE BRAND-CENTRAL HVACK SYSTEM, NEW SIDING, FLOORING, EFFICIENCY DOUBLE PANED WINDOWS, NEW KITCHEN CABINETS, BACKSPLASH AND COUNTERTOPS, STYLISH STAINLESS STEEL APPLIANCES AS WELL AS COMPLETE RENOVATIONS IN BOTH BATHROOMS. STEP INSIDE TO A LIGHT, BRIGHT INTERIOR THAT FEELS WARM AND FRESH WITH A MODERN FEEL THROUGHOUT THE HOME. THE THOUGHTFUL UPDATES PROVIDE THE PERFECT BLEND OF COMFORT AND FUNCTIONALITY, MAKING THIS HOME IDEAL FOR THE FIRST-TIME BUYER, DOWNSIZING, OR LOOKING FOR A MOVE-IN READY HOME. THIS ONE CHECKS ALL THE BOXES. ENJOY THE PEACE OF MIND THAT COMES WITH MAJOR UPGRADES ALREADY COMPLETED WHILE STILL HAVING THE CHARM AND CHARACTER THAT MAKES A HOUSE TRULY FEEL LIKE HOME. DON’T MISS THE OPPORTUNITY TO OWN THIS BEAUTIFULLY REFRESHED LA MARQUE GEM!

17. 2025-11-25
    soldstatus Closed 183-char remark

    Show marketing remark (183 chars)

    House sits on a oversized lot with lots of potential in an area that is experiencing exponential growth and development. Leveraging its strategic location near Houston and Galveston.

18. 2025-11-25
    soldstatus

    Show marketing remark (183 chars)

    House sits on a oversized lot with lots of potential in an area that is experiencing exponential growth and development. Leveraging its strategic location near Houston and Galveston.

19. 2025-08-22
    status Pending 183-char remark

    Show marketing remark (183 chars)

    House sits on a oversized lot with lots of potential in an area that is experiencing exponential growth and development. Leveraging its strategic location near Houston and Galveston.

20. 2025-08-04
    historical Active Under Contract 183-char remark

    Show marketing remark (183 chars)

    House sits on a oversized lot with lots of potential in an area that is experiencing exponential growth and development. Leveraging its strategic location near Houston and Galveston.

21. 2025-07-29
    price $65,000 183-char remark

    Show marketing remark (183 chars)

    House sits on a oversized lot with lots of potential in an area that is experiencing exponential growth and development. Leveraging its strategic location near Houston and Galveston.

22. 2025-07-17
    listed $75,000 Active 183-char remark

    Show marketing remark (183 chars)

    House sits on a oversized lot with lots of potential in an area that is experiencing exponential growth and development. Leveraging its strategic location near Houston and Galveston.

ⓘ 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: $2,601 · $217/mo
• Projected year-2 tax: $2,910 · $242/mo
• Expected delta: +$309/yr (+$26/mo · 11.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 58% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥110°F today · 26 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,311
• − Mortgage interest: −$8,906
• − Property taxes: −$2,601
• − Insurance: −$795
• − Repairs & maintenance: −$1,545
• − Management: −$1,545
• − Depreciation: −$4,625
• Taxable loss: −$707
• Est. tax savings @ 24.0%: +$170
• After-tax cash flow: $2,023/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 — La Marque

• Score: 59/100
• State rank: #1136
• US rank: #20037

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: La Marque, TX
• County: Galveston County · 357,330 people
• City population: 23,083
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 23,083
• Household income: $74,694
• Rent vs Own: 28.0% rent · 72.0% own
• Severe rent burden: 700.0

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: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: White 37% Hispanic / Latino 29% Black 26% Two or more races 17% Asian 3%
• Hispanic origin (detail): Mexican 22% Puerto Rican 1%
• Common ancestry: Lithuanian 1% Italian 1% Serbian 1%
• Foreign-born: 8% · Canada
• Languages at home: 77% English-only · Spanish 21% Tagalog/Filipino 1% Other Asian/Pacific 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: ▼ -69.39%
• Current HPI: 236.0239
• Rent YoY: ▲ 3.95%
• 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

+112.0% since first listed

9 events — show timeline

• 2026-05-11 Price Changed $159,000 HARMLS
• 2026-03-23 Price Changed $174,000 HARMLS
• 2026-03-11 Listed $179,000 HARMLS
• 2025-11-25 Sold (Public Records) — Public Records
• 2025-11-25 Sold (MLS) — HARMLS
• 2025-08-22 Pending — HARMLS
• 2025-08-04 Contingent — HARMLS
• 2025-07-29 Price Changed $65,000 HARMLS
• 2025-07-17 Listed $75,000 HARMLS

Property tax history

+13.6%/yr

Latest (2025): $2,601 · +21.3% YoY. Source: county tax records.