405 13th Ave N · Texas City, TX 77590

$100,000

2 bd · 1.0 ba · 1,113 sqft · SingleFamily public records · 173 Days on market

Built 1976 6,250 sqft lot $90/sqft · 38% below area Est $162k · 38% under

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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 +27.0/30.0
• ARV discount +15.0/15.0
• DSCR +9.3/10.0
• 1% rule +8.0/10.0
• 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

Cozy two bedroom, one bath home featuring a one car detached garage with convenient rear alley access. The spacious bedrooms offer generous closets, and the bathroom has been recently remodeled with charming shiplap style décor. Situated on a large lot with mature trees, this property provides both comfort and outdoor enjoyment. Enjoy nearby fishing at the Texas City Dike, local parks, downtown Texas City, and the popular food park. Plus, Galveston beaches are just a short 20-minute drive away perfect for weekend getaways or coastal living.

Key facts

• Downtown texas city
• Large lot
• Local parks

Tags

• DETACHED GARAGE
• RECENTLY REMODELED BATHROOM
• LARGE LOT
• MATURE TREES
• LOCAL PARKS
• DOWNTOWN TEXAS CITY

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $213 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.7% 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); 292 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $691 of loan paydown is wiped out by about $3k 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 $28k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 173 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 15y ago; this cycle's ask has dropped $40k (29%) 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.
• 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 $88,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 173 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 1976 — 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: 1.30% ✓
• Cap rate: 9.65%
• Cash-on-cash: 12.00%
• DSCR: 1.53
• GRM: 6.4

CMA / ARV

• ARV (median comp): $161,711
• List price: $100,000
• Delta: -38.16%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
317 11th Ave N	0.15mi	2/1.0	1,032 (-7%)	4mo	$175,000	$170	78
221 18th Ave N	0.35mi	3/1.0 (+1)	1,129 (+1%)	4mo	$100,000	$89	73
810 10th Ave N	0.41mi	2/1.0	1,067 (-4%)	2mo	$120,000	$112	72
813 12th Ave N	0.39mi	3/2.0 (+1)	1,126 (+1%)	1mo	$164,999	$147	70
404 17th Ave N	0.30mi	3/1.0 (+1)	1,026 (-8%)	5mo	$175,000	$171	64
721 16th Ave N	0.36mi	1/1.0 (-1)	1,194 (+7%)	6mo	$52,000	$44	61
515 24th Ave N	0.70mi	3/1.0 (+1)	1,076 (-3%)	2mo	$139,000	$129	55
210 19th Ave N	0.46mi	3/1.0 (+1)	1,033 (-7%)	10mo	$154,900	$150	54
809 18th Ave N	0.50mi	3/2.0 (+1)	1,178 (+6%)	9mo	$169,990	$144	50
322 24th Ave N	0.73mi	3/1.0 (+1)	1,072 (-4%)	8mo	$155,000	$145	49
17 5th Ave N	0.66mi	1/1.5 (-1)	1,180 (+6%)	8mo	$55,000	$47	46
1109 11th St N	0.62mi	3/1.0 (+1)	972 (-13%)	10mo	$150,000	$154	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: 0.0%
• Equity multiple: 1.00×
• Total profit: $43
• Equity at exit: $14,910

10-year hold

• IRR: 11.9%
• Equity multiple: 2.03×
• Total profit: $28,839
• Equity at exit: $8,646

Cash invested: $28,000 (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: 292
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,305 high
• Mortgage (P&I): −$524
• Tax from tax record: −$185 /mo · $2,215/yr
• Insurance: −$42
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$274
• Net cashflow: $213

Break-even live

Break-even rent $1,034

Max offer price $100,000

Occupancy floor 79%

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
324 17th Ave N Texas City, TX	2.0	1.0	1184	$1,450	$1.22	43d	1	0.31mi
221 18th Ave N Texas City, TX	3.0	1.0	1040	$1,550	$1.49	12d	1	0.35mi
626 8th Ave N Texas City, TX	2.0	1.5	1000	$1,275	$1.27	17d	2	0.38mi
422 19th Ave N Texas City, TX	2.0	1.0	900	$1,400	$1.56	43d	1	0.44mi
813 Bay St N Texas City, TX	2.0–3.0	1.0–1.5	1010	$1,128	$1.12	1d	9	0.45mi
1116 11th St N Texas City, TX	2.0	1.0	1075	$1,129	$1.05	43d	1	0.58mi
701 22nd Ave N Texas City, TX	3.0	2.0	1011	$1,386	$1.37	43d	1	0.60mi
1001 9th Ave N Texas City, TX	2.0	1.0	814	$1,250	$1.54	43d	1	0.66mi
1028 5th Ave N Unit 1 Texas City, TX	2.0	1.0	847	$945	$1.12	12d	1	0.78mi
1228 6th Ave N Unit 1 Texas City, TX	2.0	1.0	847	$945	$1.12	12d	1	0.90mi
24 1st St N Texas City, TX	3.0	1.0	940	$1,250	$1.33	43d	1	0.92mi
1112 1st Ave N Texas City, TX	2.0	1.0	847	$945	$1.12	22d	1	0.98mi
1114 1st Ave N Texas City, TX	2.0	1.0	847	$945	$1.12	22d	1	0.98mi
1919 13th Ave N Texas City, TX	1.0–3.0	1.0–2.0	950	$1,239	$1.30	2d	6	1.43mi

Listing history 34 events

1. 2026-06-18
   days on market $100,000 Pending 173 DOM
2. 2026-06-17
   days on market $100,000 Pending 172 DOM
3. 2026-06-16
   days on market $100,000 Pending 171 DOM
4. 2026-06-15
   days on market $100,000 Pending 170 DOM
5. 2026-06-13
   statusdays on market $100,000 Pending 168 DOM
6. 2026-06-09
   statusdays on market $100,000 Active 164 DOM
7. 2026-06-08
   days on market $100,000 Pending 163 DOM
8. 2026-06-07
   days on market $100,000 Pending 162 DOM
9. 2026-06-04
   days on market $100,000 Pending 159 DOM
10. 2026-06-03
    days on market $100,000 Pending 158 DOM
11. 2026-06-02
    statusdays on market $100,000 Pending 157 DOM
12. 2026-06-01
    days on market $100,000 Active 156 DOM
13. 2026-05-31
    days on market $100,000 Active 155 DOM
14. 2026-04-25
    status Active 554-char remark

    Show marketing remark (554 chars)

    Cozy two bedroom, one bath home featuring a one car detached garage with convenient rear alley access. The spacious bedrooms offer generous closets, and the bathroom has been recently remodeled with charming shiplap style décor. Situated on a large lot with mature trees, this property provides both comfort and outdoor enjoyment. Enjoy nearby fishing at the Texas City Dike, local parks, downtown Texas City, and the popular food park. Plus, Galveston beaches are just a short 20-minute drive away perfect for weekend getaways or coastal living.

15. 2026-04-22
    status Pending 554-char remark

    Show marketing remark (554 chars)

    Cozy two bedroom, one bath home featuring a one car detached garage with convenient rear alley access. The spacious bedrooms offer generous closets, and the bathroom has been recently remodeled with charming shiplap style décor. Situated on a large lot with mature trees, this property provides both comfort and outdoor enjoyment. Enjoy nearby fishing at the Texas City Dike, local parks, downtown Texas City, and the popular food park. Plus, Galveston beaches are just a short 20-minute drive away perfect for weekend getaways or coastal living.

16. 2026-04-09
    status Pending 554-char remark

    Show marketing remark (554 chars)

    Cozy two bedroom, one bath home featuring a one car detached garage with convenient rear alley access. The spacious bedrooms offer generous closets, and the bathroom has been recently remodeled with charming shiplap style décor. Situated on a large lot with mature trees, this property provides both comfort and outdoor enjoyment. Enjoy nearby fishing at the Texas City Dike, local parks, downtown Texas City, and the popular food park. Plus, Galveston beaches are just a short 20-minute drive away perfect for weekend getaways or coastal living.

17. 2026-03-26
    price $115,000 554-char remark

    Show marketing remark (554 chars)

    Cozy two bedroom, one bath home featuring a one car detached garage with convenient rear alley access. The spacious bedrooms offer generous closets, and the bathroom has been recently remodeled with charming shiplap style décor. Situated on a large lot with mature trees, this property provides both comfort and outdoor enjoyment. Enjoy nearby fishing at the Texas City Dike, local parks, downtown Texas City, and the popular food park. Plus, Galveston beaches are just a short 20-minute drive away perfect for weekend getaways or coastal living.

18. 2026-03-02
    price $120,000 554-char remark

    Show marketing remark (554 chars)

    Cozy two bedroom, one bath home featuring a one car detached garage with convenient rear alley access. The spacious bedrooms offer generous closets, and the bathroom has been recently remodeled with charming shiplap style décor. Situated on a large lot with mature trees, this property provides both comfort and outdoor enjoyment. Enjoy nearby fishing at the Texas City Dike, local parks, downtown Texas City, and the popular food park. Plus, Galveston beaches are just a short 20-minute drive away perfect for weekend getaways or coastal living.

19. 2026-02-16
    price $125,000 554-char remark

    Show marketing remark (554 chars)

    Cozy two bedroom, one bath home featuring a one car detached garage with convenient rear alley access. The spacious bedrooms offer generous closets, and the bathroom has been recently remodeled with charming shiplap style décor. Situated on a large lot with mature trees, this property provides both comfort and outdoor enjoyment. Enjoy nearby fishing at the Texas City Dike, local parks, downtown Texas City, and the popular food park. Plus, Galveston beaches are just a short 20-minute drive away perfect for weekend getaways or coastal living.

20. 2026-01-14
    price $130,000 554-char remark

    Show marketing remark (554 chars)

    Cozy two bedroom, one bath home featuring a one car detached garage with convenient rear alley access. The spacious bedrooms offer generous closets, and the bathroom has been recently remodeled with charming shiplap style décor. Situated on a large lot with mature trees, this property provides both comfort and outdoor enjoyment. Enjoy nearby fishing at the Texas City Dike, local parks, downtown Texas City, and the popular food park. Plus, Galveston beaches are just a short 20-minute drive away perfect for weekend getaways or coastal living.

21. 2025-12-23
    listed $140,000 Active 554-char remark

    Show marketing remark (554 chars)

    Cozy two bedroom, one bath home featuring a one car detached garage with convenient rear alley access. The spacious bedrooms offer generous closets, and the bathroom has been recently remodeled with charming shiplap style décor. Situated on a large lot with mature trees, this property provides both comfort and outdoor enjoyment. Enjoy nearby fishing at the Texas City Dike, local parks, downtown Texas City, and the popular food park. Plus, Galveston beaches are just a short 20-minute drive away perfect for weekend getaways or coastal living.

22. 2015-09-04
    soldstatus Sold 327-char remark

    Show marketing remark (327 chars)

    This is a well cared for home with fresh paint. You can relax and entertain on the deck in the front of the house or the covered patio in the back. An oak tree shades the home and back yard is completely fenced. Home has a nice kitchen. Bedrooms are carpeted. Quiet neighborhood, close to the bay. All measurements are approx

23. 2015-09-04
    soldstatus

    Show marketing remark (327 chars)

    This is a well cared for home with fresh paint. You can relax and entertain on the deck in the front of the house or the covered patio in the back. An oak tree shades the home and back yard is completely fenced. Home has a nice kitchen. Bedrooms are carpeted. Quiet neighborhood, close to the bay. All measurements are approx

24. 2015-08-18
    status Pending 327-char remark

    Show marketing remark (327 chars)

    This is a well cared for home with fresh paint. You can relax and entertain on the deck in the front of the house or the covered patio in the back. An oak tree shades the home and back yard is completely fenced. Home has a nice kitchen. Bedrooms are carpeted. Quiet neighborhood, close to the bay. All measurements are approx

25. 2015-08-05
    status Option Pending 327-char remark

    Show marketing remark (327 chars)

    This is a well cared for home with fresh paint. You can relax and entertain on the deck in the front of the house or the covered patio in the back. An oak tree shades the home and back yard is completely fenced. Home has a nice kitchen. Bedrooms are carpeted. Quiet neighborhood, close to the bay. All measurements are approx

26. 2015-06-26
    listed $77,500 Active 327-char remark

    Show marketing remark (327 chars)

    This is a well cared for home with fresh paint. You can relax and entertain on the deck in the front of the house or the covered patio in the back. An oak tree shades the home and back yard is completely fenced. Home has a nice kitchen. Bedrooms are carpeted. Quiet neighborhood, close to the bay. All measurements are approx

27. 2015-03-25
    historical
28. 2014-10-18
    listed $78,500
29. 2014-10-17
    historical
30. 2014-08-19
    listed $79,900
31. 2012-06-13
    historical
32. 2011-08-01
    listed $84,995
33. 2006-02-16
    soldstatus
34. 2006-02-16
    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: $2,215 · $185/mo
• Projected year-2 tax: $2,215 · $185/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 · 74% chance over 30 yrs
• 🔥 Wildfire 3/10 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: $15,654
• − Mortgage interest: −$5,602
• − Property taxes: −$2,215
• − Insurance: −$1,298
• − Repairs & maintenance: −$1,252
• − Management: −$1,252
• − Depreciation: −$2,909
• Taxable income: $1,127
• Est. tax owed @ 24.0%: −$270
• After-tax cash flow: $2,291/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

+35.3% since first listed

21 events — show timeline

• 2026-04-25 Relisted — HARMLS
• 2026-04-22 Pending — HARMLS
• 2026-04-09 Pending — HARMLS
• 2026-03-26 Price Changed $115,000 HARMLS
• 2026-03-02 Price Changed $120,000 HARMLS
• 2026-02-16 Price Changed $125,000 HARMLS
• 2026-01-14 Price Changed $130,000 HARMLS
• 2025-12-23 Listed $140,000 HARMLS
• 2015-09-04 Sold (Public Records) — Public Records
• 2015-09-04 Sold (MLS) — HARMLS
• 2015-08-18 Pending — HARMLS
• 2015-08-05 Pending — HARMLS
• 2015-06-26 Listed $77,500 HARMLS
• 2015-03-25 Listing Removed — HARMLS
• 2014-10-18 Listed $78,500 HARMLS
• 2014-10-17 Listing Removed — HARMLS
• 2014-08-19 Listed $79,900 HARMLS
• 2012-06-13 Listing Removed — HARMLS
• 2011-08-01 Listed $84,995 HARMLS
• 2006-02-16 Sold (Public Records) — Public Records
• 2006-02-16 Sold (Public Records) — Public Records

Property tax history

+5.1%/yr

Latest (2025): $2,215 · +11.6% YoY. Source: county tax records.