418 Azalea St · Lake Jackson, TX 77566

$147,500

4 bd · 1.0 ba · 1,314 sqft · SingleFamily public records · 304 Days on market

Built 1950 0.26 ac lot $112/sqft · 20% below area Est $183k · 20% under ↓ 21% 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 +26.2/30.0
• ARV discount +15.0/15.0
• DSCR +8.9/10.0
• 1% rule +7.4/10.0
• Livability +3.9/5.0
• Schools +3.7/10.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 418 Azalea Street, Lake Jackson, TX 77566! This charming 4-bedroom, 1-bath home features a cheerful yellow-painted exterior with a striking red brick fireplace accenting the front. Inside, you’ll find a freshly painted interior, a bright and inviting living space, and a stylish backsplash in the kitchen that adds a modern touch. This property was previously an income-producing rental, offering great potential as either a personal residence or investment opportunity. Situated in the heart of Lake Jackson, this home offers easy access to shopping, dining, and entertainment at Brazos Mall and Downtown Lake Jackson, as well as nearby grocery stores and local restaurants. Outdoor enthusiasts will love being close to Sea Center Texas, MacLean Park, and the Gulf Coast beaches just a short drive away. Convenient access to major highways makes commuting a breeze. ? Don’t miss your chance to own this charming Lake Jackson home—schedule your showing today!

Key facts

• Stylish backsplash
• Red brick fireplace
• 0.26 acre lot

Tags

• RED BRICK FIREPLACE
• FRESHLY PAINTED INTERIOR
• STYLISH BACKSPLASH
• INCOME-PRODUCING RENTAL
• EASY ACCESS TO SHOPPING
• CLOSE TO GULF COAST BEACHES

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $148k.

Deal economics

• At list price, monthly cash flow is $311 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $148k).
• Recommended offer: $130k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.4% vs local median 3.8% in Lake Jackson — 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 78/100 on livability (#76 in TX, #2,709 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: amenities C-, commute F.
• Brazosport ISD (suburban): math 43% / reading 41% proficiency, ranked #305 of 826 in TX (top 37%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-1.1%/yr); 224 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 80% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,960 units permitted in Brazoria County in 2024 (593 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 $4k of value loss. Plan a longer hold.
• Brazoria County population projected at +44% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 304 days — a 12% lower offer ($130k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1950 — 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 $129,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 304 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 1950 — 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. 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.
7. 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.
8. 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: 1.24% ✓
• Cap rate: 9.36%
• Cash-on-cash: 10.97%
• DSCR: 1.49
• GRM: 6.7

CMA / ARV

• ARV (median comp): $183,280
• List price: $147,500
• Delta: -19.52%
• 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
420 Azalea St	0.01mi	3/1.0 (-1)	1,334 (+2%)	2mo	$100,000	$75	91
411 Center Way	0.26mi	4/2.0	1,432 (+9%)	2mo	$117,000	$82	67
106 S Magnolia St	0.45mi	3/1.0 (-1)	1,274 (-3%)	2mo	$199,900	$157	67
103 Jasmine St	0.51mi	3/2.0 (-1)	1,333 (+1%)	5mo	$199,900	$150	61
54 Blackgum Ct	0.48mi	3/2.0 (-1)	1,229 (-6%)	1mo	$244,900	$199	57
155 Silverbell Cir	0.36mi	3/2.0 (-1)	1,482 (+13%)	1mo	$259,900	$175	52
249 Corkwood	0.69mi	3/2.0 (-1)	1,264 (-4%)	2mo	$225,000	$178	51
524 Oleander St	0.73mi	3/2.0 (-1)	1,304 (-1%)	7mo	$165,000	$127	50
304 S Yaupon St	0.45mi	3/2.0 (-1)	1,445 (+10%)	5mo	$180,000	$125	49
501 Magnolia St	0.46mi	3/2.0 (-1)	1,143 (-13%)	2mo	$119,700	$105	47
613 Center Way St	0.63mi	3/2.0 (-1)	1,476 (+12%)	2mo	$82,000	$56	39
210 Oleander St	0.57mi	3/2.0 (-1)	1,502 (+14%)	8mo	$210,000	$140	34

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -6.3%
• Equity multiple: 0.77×
• Total profit: $-9,335
• Equity at exit: $21,993

10-year hold

• IRR: -1.2%
• Equity multiple: 0.93×
• Total profit: $-2,870
• Equity at exit: $12,753

Cash invested: $41,300 (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 77566

• Home prices YoY: -25.2%
• Rents YoY: -1.1%
• Active inventory: 224
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,822 high
• Mortgage (P&I): −$774
• Tax from tax record: −$227 /mo · $2,723/yr
• Insurance: −$61
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$383
• Net cashflow: $311

Break-even live

Break-even rent $1,428

Max offer price $147,500

Occupancy floor 78%

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: $36,875
• Closing costs: $4,425
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
460 TX-332 Lake Jackson, TX	1.0–3.0	1.0–2.0	836	$1,453	$1.74	44d	17	0.37mi
460 TX-332 Lake Jackson, TX	1.0–3.0	1.0–2.0	836	$1,203	$1.44	3d	11	0.37mi
214 Oleander St Lake Jackson, TX	3.0	2.0	1423	$2,000	$1.41	44d	1	0.57mi
523 Wisteria St Lake Jackson, TX	3.0	1.5	1508	$1,775	$1.18	44d	1	1.07mi
138 Oyster Creek Dr Lake Jackson, TX	3.0	2.0	1175	$1,525	$1.30	44d	1	1.22mi

Listing history 19 events

1. 2026-06-18
   days on market $147,500 Active 304 DOM
2. 2026-06-17
   days on market $147,500 Active 303 DOM
3. 2026-06-16
   days on market $147,500 Active 302 DOM
4. 2026-06-15
   days on market $147,500 Active 301 DOM
5. 2026-06-13
   days on market $147,500 Active 299 DOM
6. 2026-06-09
   days on market $147,500 Active 295 DOM
7. 2026-06-08
   days on market $147,500 Active 294 DOM
8. 2026-06-07
   days on market $147,500 Active 293 DOM
9. 2026-06-04
   days on market $147,500 Active 290 DOM
10. 2026-06-03
    days on market $147,500 Active 289 DOM
11. 2026-06-02
    days on market $147,500 Active 288 DOM
12. 2026-06-01
    days on market $147,500 Active 287 DOM
13. 2026-05-31
    days on market $147,500 Active 286 DOM
14. 2026-03-03
    price $147,500 990-char remark

    Show marketing remark (990 chars)

    Welcome to 418 Azalea Street, Lake Jackson, TX 77566! This charming 4-bedroom, 1-bath home features a cheerful yellow-painted exterior with a striking red brick fireplace accenting the front. Inside, you’ll find a freshly painted interior, a bright and inviting living space, and a stylish backsplash in the kitchen that adds a modern touch. This property was previously an income-producing rental, offering great potential as either a personal residence or investment opportunity. Situated in the heart of Lake Jackson, this home offers easy access to shopping, dining, and entertainment at Brazos Mall and Downtown Lake Jackson, as well as nearby grocery stores and local restaurants. Outdoor enthusiasts will love being close to Sea Center Texas, MacLean Park, and the Gulf Coast beaches just a short drive away. Convenient access to major highways makes commuting a breeze. ? Don’t miss your chance to own this charming Lake Jackson home—schedule your showing today!

15. 2026-02-18
    price $155,000 990-char remark

    Show marketing remark (990 chars)

    Welcome to 418 Azalea Street, Lake Jackson, TX 77566! This charming 4-bedroom, 1-bath home features a cheerful yellow-painted exterior with a striking red brick fireplace accenting the front. Inside, you’ll find a freshly painted interior, a bright and inviting living space, and a stylish backsplash in the kitchen that adds a modern touch. This property was previously an income-producing rental, offering great potential as either a personal residence or investment opportunity. Situated in the heart of Lake Jackson, this home offers easy access to shopping, dining, and entertainment at Brazos Mall and Downtown Lake Jackson, as well as nearby grocery stores and local restaurants. Outdoor enthusiasts will love being close to Sea Center Texas, MacLean Park, and the Gulf Coast beaches just a short drive away. Convenient access to major highways makes commuting a breeze. ? Don’t miss your chance to own this charming Lake Jackson home—schedule your showing today!

16. 2025-10-23
    price $169,500 990-char remark

    Show marketing remark (990 chars)

    Welcome to 418 Azalea Street, Lake Jackson, TX 77566! This charming 4-bedroom, 1-bath home features a cheerful yellow-painted exterior with a striking red brick fireplace accenting the front. Inside, you’ll find a freshly painted interior, a bright and inviting living space, and a stylish backsplash in the kitchen that adds a modern touch. This property was previously an income-producing rental, offering great potential as either a personal residence or investment opportunity. Situated in the heart of Lake Jackson, this home offers easy access to shopping, dining, and entertainment at Brazos Mall and Downtown Lake Jackson, as well as nearby grocery stores and local restaurants. Outdoor enthusiasts will love being close to Sea Center Texas, MacLean Park, and the Gulf Coast beaches just a short drive away. Convenient access to major highways makes commuting a breeze. ? Don’t miss your chance to own this charming Lake Jackson home—schedule your showing today!

17. 2025-09-11
    price $175,000 990-char remark

    Show marketing remark (990 chars)

    Welcome to 418 Azalea Street, Lake Jackson, TX 77566! This charming 4-bedroom, 1-bath home features a cheerful yellow-painted exterior with a striking red brick fireplace accenting the front. Inside, you’ll find a freshly painted interior, a bright and inviting living space, and a stylish backsplash in the kitchen that adds a modern touch. This property was previously an income-producing rental, offering great potential as either a personal residence or investment opportunity. Situated in the heart of Lake Jackson, this home offers easy access to shopping, dining, and entertainment at Brazos Mall and Downtown Lake Jackson, as well as nearby grocery stores and local restaurants. Outdoor enthusiasts will love being close to Sea Center Texas, MacLean Park, and the Gulf Coast beaches just a short drive away. Convenient access to major highways makes commuting a breeze. ? Don’t miss your chance to own this charming Lake Jackson home—schedule your showing today!

18. 2025-08-18
    listed $187,000 Active 990-char remark

    Show marketing remark (990 chars)

    Welcome to 418 Azalea Street, Lake Jackson, TX 77566! This charming 4-bedroom, 1-bath home features a cheerful yellow-painted exterior with a striking red brick fireplace accenting the front. Inside, you’ll find a freshly painted interior, a bright and inviting living space, and a stylish backsplash in the kitchen that adds a modern touch. This property was previously an income-producing rental, offering great potential as either a personal residence or investment opportunity. Situated in the heart of Lake Jackson, this home offers easy access to shopping, dining, and entertainment at Brazos Mall and Downtown Lake Jackson, as well as nearby grocery stores and local restaurants. Outdoor enthusiasts will love being close to Sea Center Texas, MacLean Park, and the Gulf Coast beaches just a short drive away. Convenient access to major highways makes commuting a breeze. ? Don’t miss your chance to own this charming Lake Jackson home—schedule your showing today!

19. 2008-10-02
    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: $2,723 · $227/mo
• Projected year-2 tax: $2,723 · $227/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 7/10 Severe FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥114°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: $21,864
• − Mortgage interest: −$8,262
• − Property taxes: −$2,723
• − Insurance: −$1,535
• − Repairs & maintenance: −$1,749
• − Management: −$1,749
• − Depreciation: −$4,291
• Taxable income: $1,555
• Est. tax owed @ 24.0%: −$373
• After-tax cash flow: $3,360/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: Brazosport ISD
• NCES district ID: 4811190
• Math proficiency: 43% ▼ -6.00%
• Reading proficiency: 41% ▼ -2.00%
• Median HH income: $57,024
• Composite: 36.84/100
• National rank: #4557
• State rank: #305 of 826 in TX

Livability — Lake Jackson

• Score: 78/100
• State rank: #76
• US rank: #2709

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lake Jackson, TX
• County: Brazoria County · 374,982 people
• City population: 30,246
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 30,246
• Household income: $92,586
• Rent vs Own: 35.4% rent · 64.6% own
• Severe rent burden: 1126.0

Population outlook (Brazoria County) Hauer SSP2

• Today (2025): 420,414 people
• By 2030: 457,585 · +8.8%
• By 2040: 532,232 · +26.6%
• By 2050: 605,399 · +44.0%
• By 2075: 779,358 · +85.4%
• By 2100: 883,759 · +110.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 60% Hispanic / Latino 28% Two or more races 16% Black 7% Asian 2%
• Hispanic origin (detail): Mexican 24%
• Common ancestry: Lithuanian 3% Serbian 2% Italian 1%
• Foreign-born: 8% · Canada, South Korea
• Languages at home: 83% English-only · Spanish 15% Arabic 1% Tagalog/Filipino 1%

Political lean MEDSL · Brazoria

• 2024 margin: R (+19.7) · D 39.5% · R 59.2% · Other 1.3%
• 2008→2024 swing: +9.9pp toward D · 2008: -29.6pp · 2024: -19.7pp
• All cycles: 2024: R+19.7 2020: R+18.2 2016: R+24.6 2012: R+34.2 2008: R+29.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -84.81%
• Current HPI: 251.8234
• Rent YoY: ▼ -1.11%
• 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

-21.1% since first listed

6 events — show timeline

• 2026-03-03 Price Changed $147,500 HARMLS
• 2026-02-18 Price Changed $155,000 HARMLS
• 2025-10-23 Price Changed $169,500 HARMLS
• 2025-09-11 Price Changed $175,000 HARMLS
• 2025-08-18 Listed $187,000 HARMLS
• 2008-10-02 Sold (Public Records) — Public Records

Property tax history

+3.6%/yr

Latest (2025): $2,723 · +7.9% YoY. Source: county tax records.