506 Azalea Dr · La Marque, TX 77568

$99,900

2 bd · 1.0 ba · 1,024 sqft · SingleFamily public records · 8 Days on market

Built 1962 8,102 sqft lot Est $128k · 22% 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 +26.1/30.0
• ARV discount +15.0/15.0
• DSCR +8.8/10.0
• 1% rule +8.6/10.0
• 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

Calling all investors, this one is priced for quick sale. Approved short sale, schedule your showing today. This one will not last long.

Key facts

• 8,102 sq ft lot
• Built 1962
• Listed 8 days

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Residential property; Single-story entry (all main rooms listed on the first floor)
• Construction: Built in 1962; Wood siding and unknown other materials; Block foundation; Composition roof
• Exterior features: Subdivision lot

Interior

• Kitchen: First-floor kitchen
• Bedrooms: Two possible bedrooms; Primary bedroom on the first floor; Additional bedroom on the first floor
• Bathrooms: One full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Five total rooms including living room and dining area

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 $186 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Cap rate 9.3% 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, crime 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.
• Zoned schools: Hayley El (math 7% / reading 11%, grade F, #4,293 of 4,322 statewide, top 99%, 562 students, 92% FRL); La Marque H S (math 27% / reading 20%, grade F, #1,342 of 1,632 statewide, top 82%, 647 students, 91% FRL) — zoned schools average 92% FRL vs 66% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 16% at this address vs 28% district-wide (-12 pts) — the specific schools serving this property underperform the Texas City ISD average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+4.0%/yr); 654 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 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.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 19y 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: property tax is 3.1% 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→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $99,900

Questions for the listing agent

1. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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.
8. 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.
9. 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: 1.36% ✓
• Cap rate: 9.33%
• Cash-on-cash: 10.85%
• DSCR: 1.48
• GRM: 6.1

CMA / ARV

• ARV (on-the-fly): $128,000
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1201 Maple St	0.41mi	2/1.0	994 (-3%)	2mo	$152,900	$154	74
402 Bluebonnet Dr	0.15mi	2/1.0	888 (-13%)	4mo	$79,999	$90	68
509 Grafton St	0.18mi	3/1.0 (+1)	1,000 (-2%)	18mo	$100,000	$100	68
411 Honeysuckle Dr	0.07mi	3/1.0 (+1)	1,118 (+9%)	14mo	$139,970	$125	65
618 Honeysuckle Dr	0.16mi	2/1.0	896 (-12%)	9mo	$139,900	$156	64
624 Rosedale St	0.38mi	3/1.0 (+1)	943 (-8%)	3mo	$69,900	$74	62
602 Azalea Dr	0.09mi	2/1.0	912 (-11%)	24mo	$110,000	$121	58
405 Chip St	0.26mi	3/1.0 (+1)	1,131 (+10%)	19mo	$82,000	$73	50
1009 Larcom St	0.72mi	2/1.0	1,096 (+7%)	12mo	$169,999	$155	45
607 Rosedale St	0.36mi	3/2.0 (+1)	1,169 (+14%)	11mo	$174,900	$150	42
1608 Winnie St	0.64mi	3/2.0 (+1)	1,102 (+8%)	23mo	$174,300	$158	29

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: -2.7%
• Equity multiple: 0.90×
• Total profit: $-2,862
• Equity at exit: $14,895

10-year hold

• IRR: 8.4%
• Equity multiple: 1.67×
• Total profit: $18,873
• Equity at exit: $8,638

Cash invested: $27,972 (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: 6.1×

Monthly cashflow live

• Estimated rent: $1,363 high
• Mortgage (P&I): −$524
• Tax from tax record: −$258 /mo · $3,098/yr
• Insurance: −$42
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$286
• Net cashflow: $186

Break-even live

Break-even rent $1,127

Max offer price $99,900

Occupancy floor 81%

Sensitivity live

Price	-10% $243	-5% $215	+0% $186	+5% $158	+10% $130
Rent	-10% $79	-5% $133	+0% $186	+5% $240	+10% $294
Rate	-1.0pp $237	-0.5pp $212	base $186	+0.5pp $160	+1.0pp $134

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 14 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	0.30mi
4417 Edward St Texas City, TX	2.0	2.0	983	$1,100	$1.12	4d	1	0.66mi
4417 Edward St Texas City, TX	2.0	2.0	983	$1,150	$1.17	3d	1	0.66mi
203 Beatrice St La Marque, TX	3.0	1.0	1304	$1,395	$1.07	25d	1	0.84mi
222 Ruslee St La Marque, TX	3.0	1.0	849	$1,350	$1.59	17d	1	0.98mi
309 S Bell Dr Texas City, TX	2.0	2.0	1316	$1,650	$1.25	44d	1	1.20mi
2328 Boss St La Marque, TX	2.0	1.0	848	$925	$1.09	13d	2	1.24mi
1825 Bayou Rd La Marque, TX	2.0	1.0	1200	$1,195	$1.00	44d	1	1.25mi
1115 Highway 146 N Texas City, TX	1.0–2.0	1.0–2.0	757	$1,350	$1.78	2d	9	1.26mi
3404 9th Ave N Texas City, TX	1.0–2.0	1.0–2.0	721	$1,525	$2.11	3d	34	1.29mi
306 Lake Rd Unit B La Marque, TX	2.0	1.0	816	$995	$1.22	44d	1	1.33mi
3106 Danforth Dr Texas City, TX	3.0	1.0	1100	$1,800	$1.64	25d	1	1.43mi
619 N Vionett Ln Texas City, TX	3.0	2.0	1204	$1,550	$1.29	6d	1	1.48mi
1013 Margot St La Marque, TX	3.0	2.0	1099	$1,500	$1.36	19d	1	1.49mi

Listing history 6 events

1. 2026-06-18
   days on market $99,900 Active 8 DOM
2. 2026-06-17
   days on market $99,900 Active 7 DOM
3. 2026-06-16
   days on market $99,900 Active 6 DOM
4. 2026-06-15
   days on market $99,900 Active 5 DOM
5. 2026-06-13
   remarks 441-char remark
6. 2026-06-13
   listed $99,900 Active 3 DOM

ⓘ 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: $3,098 · $258/mo
• Projected year-2 tax: $3,098 · $258/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 · 60% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 26 d/yr by 30 yrs out
• 💨 Wind 9/10 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: $16,351
• − Mortgage interest: −$5,596
• − Property taxes: −$3,098
• − Insurance: −$1,297
• − Repairs & maintenance: −$1,308
• − Management: −$1,308
• − Depreciation: −$2,906
• Taxable income: $838
• Est. tax owed @ 24.0%: −$201
• After-tax cash flow: $2,035/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

+193.8% since first listed

11 events — show timeline

• 2026-06-10 Listed $99,900 HARMLS
• 2024-08-14 Sold (Public Records) — Public Records
• 2024-03-13 Sold (Public Records) — Public Records
• 2023-07-25 Sold (Public Records) — Public Records
• 2023-01-17 Sold (Public Records) — Public Records
• 2013-11-30 Sold (MLS) — HARMLS
• 2013-11-25 Listing Removed — HARMLS
• 2013-05-30 Listed $9,000 HARMLS
• 2008-07-11 Listing Removed — HARMLS
• 2007-07-12 Listed $34,000 HARMLS
• 1999-07-21 Sold (Public Records) — Public Records

Property tax history

+12.4%/yr

Latest (2025): $3,098 · +0.2% YoY. Source: county tax records.