845 13th St · Port Arthur, TX 77640

$60,549

2 bd · 1.0 ba · 816 sqft · SingleFamily public records · 286 Days on market

Built 1925 7,000 sqft lot $74/sqft · at area comps Est $59k · at est. ↓ 12% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +6.3/15.0
• 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

JUST LISTED! This charming two bedroom, one-bathroom single-family home available in the heart of Port Arthur. This property is nestled in a nice sized 7,000 sqft. lot and features both ceramic tile and vinyl plank flooring, large windows, a spacious kitchen, and an extended covered front porch area. It is a fixer-upper in need of renovating and restoration; however, it can easily transform into an absolute beauty. There are so many unique and vintage-like features in this home already, and your personal touch will only enhance them! Here you will have easy access to US-287. US-69, and US-96 making your commutes around town that much more efficient. There are also many attractions nearby, such as the Museum of the Gulf Coast, Sabine Lake, and other local parks. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

Key facts

• Easy access to us-69
• Spacious kitchen
• Vinyl plank flooring

Tags

• CERAMIC TILE FLOORING
• VINYL PLANK FLOORING
• SPACIOUS KITCHEN
• EXTENDED COVERED FRONT PORCH
• EASY ACCESS TO US-287
• EASY ACCESS TO US-69

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $61k.

Deal economics

• At list price, monthly cash flow is $388 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $61k).
• Recommended offer: $53k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.3% 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; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 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 $419 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 $17k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 286 days — a 12% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• 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 $53,283 (12.0% below list)

Questions for the listing agent

1. It's been on market 286 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 1925 — 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 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?
7. 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?
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: 1.80% ✓
• Cap rate: 15.30%
• Cash-on-cash: 32.17%
• DSCR: 2.43
• GRM: 4.6

CMA / ARV

• ARV (median comp): $58,922
• List price: $60,549
• Delta: 2.76%
• Verdict: FAIR
• Comps: 12 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
932 Dallas	0.50mi	3/1.0 (+1)	816 (0%)	4mo	$49,900	$61	68
1040 E 18th St	0.34mi	2/1.0	900 (+10%)	5mo	$90,000	$100	62

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: 21.6%
• Equity multiple: 1.88×
• Total profit: $14,951
• Equity at exit: $9,028

10-year hold

• IRR: 29.7%
• Equity multiple: 3.66×
• Total profit: $45,048
• Equity at exit: $5,235

Cash invested: $16,954 (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: 4.6×

Monthly cashflow live

• Estimated rent: $1,093 medium
• Mortgage (P&I): −$318
• Tax from tax record: −$66 /mo · $793/yr
• Insurance: −$25
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$229
• Net cashflow: $388

Break-even live

Break-even rent $602

Max offer price $60,549

Occupancy floor 60%

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: $15,137
• Closing costs: $1,816
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
311 12th St Port Arthur, TX	2.0	1.0	894	$1,200	$1.34	13d	1	0.40mi
1409 10th St Port Arthur, TX	2.0	1.0	1000	$925	$0.93	43d	1	0.46mi
580 Pleasure Island Blvd Unit 223 Port Arthur, TX	1.0	1.0	588	$1,200	$2.04	13d	1	1.43mi

Listing history 19 events

1. 2026-06-18
   days on market $60,549 Active 286 DOM
2. 2026-06-17
   days on market $60,549 Active 285 DOM
3. 2026-06-16
   days on market $60,549 Active 284 DOM
4. 2026-06-15
   days on market $60,549 Active 283 DOM
5. 2026-06-14
   days on market $60,549 Active 281 DOM
6. 2026-06-13
   days on market $60,549 Active 280 DOM
7. 2026-06-10
   days on market $60,549 Active 278 DOM
8. 2026-06-09
   days on market $60,549 Active 277 DOM
9. 2026-06-08
   days on market $60,549 Active 276 DOM
10. 2026-06-07
    days on market $60,549 Active 275 DOM
11. 2026-06-03
    days on market $60,549 Active 271 DOM
12. 2026-06-02
    days on market $60,549 Active 270 DOM
13. 2026-06-01
    days on market $60,549 Active 269 DOM
14. 2026-05-31
    days on market $60,549 Active 268 DOM
15. 2026-05-30
    days on market $60,549 Active 267 DOM
16. 2025-09-05
    listed $60,549 Active 996-char remark

    Show marketing remark (996 chars)

    JUST LISTED! This charming two bedroom, one-bathroom single-family home available in the heart of Port Arthur. This property is nestled in a nice sized 7,000 sqft. lot and features both ceramic tile and vinyl plank flooring, large windows, a spacious kitchen, and an extended covered front porch area. It is a fixer-upper in need of renovating and restoration; however, it can easily transform into an absolute beauty. There are so many unique and vintage-like features in this home already, and your personal touch will only enhance them! Here you will have easy access to US-287. US-69, and US-96 making your commutes around town that much more efficient. There are also many attractions nearby, such as the Museum of the Gulf Coast, Sabine Lake, and other local parks. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

17. 2025-07-03
    historical
18. 2024-09-09
    price $65,549
19. 2024-07-03
    listed $68,999 Active

ⓘ 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: $793 · $66/mo
• Projected year-2 tax: $1,108 · $92/mo
• Expected delta: +$315/yr (+$26/mo · 39.7%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme 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: $13,113
• − Mortgage interest: −$3,392
• − Property taxes: −$793
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,049
• − Management: −$1,049
• − Depreciation: −$1,761
• Taxable income: $3,969
• Est. tax owed @ 24.0%: −$952
• After-tax cash flow: $3,703/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

-12.2% since first listed

4 events — show timeline

• 2025-09-05 Listed $60,549 HARMLS
• 2025-07-03 Listing Removed — HARMLS
• 2024-09-09 Price Changed $65,549 HARMLS
• 2024-07-03 Listed $68,999 HARMLS

Property tax history

+5.0%/yr

Latest (2025): $793 · -34.2% YoY. Source: county tax records.