903 Bank Dr · Galena Park, TX 77547

$79,900

2 bd · 1.0 ba · 1,040 sqft · SingleFamily public records · 222 Days on market

Built 1953 6,111 sqft lot $77/sqft · 50% below area Est $160k · 50% under ↓ 19% since listing

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Why this score? — see what drove the A- 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +7.5/10.0
• Livability +3.4/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Great investment opportunity with this 2 Bedroom with possible 3rd bedroom. Also has a large detached garage with lots of storage space. Fenced yard with driveway gate.

Key facts

• Driveway gate
• Fenced yard
• Detached garage

Tags

• DETACHED GARAGE
• FENCED YARD
• DRIVEWAY GATE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $506 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.9% vs local median 4.1% in Galena Park — 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 68/100 on livability (#456 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D, amenities F, commute F.
• Galena Park ISD (suburban): math 32% / reading 33% proficiency, ranked #578 of 826 in TX (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 38 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 46% of comp listings sitting > 30 days — soft ceiling on asking rent; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($552 loan paydown + $4k appreciation (5.0% local appreciation)).
• Harris County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (5.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 222 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $14k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price; built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $70,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 222 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 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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: 1.83% ✓
• Cap rate: 13.89%
• Cash-on-cash: 27.12%
• DSCR: 2.21
• GRM: 4.5

CMA / ARV

• ARV (median comp): $159,683
• List price: $79,900
• Delta: -49.96%
• 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
506 Sage Dr	0.22mi	2/1.0	1,008 (-3%)	4mo	$137,000	$136	81
1101 Bank Dr	0.08mi	2/1.0	1,104 (+6%)	19mo	$130,000	$118	70
2515 7th St	0.11mi	2/2.0	1,171 (+13%)	2mo	$169,900	$145	68
1106 Sage Dr	0.15mi	3/1.0 (+1)	1,142 (+10%)	11mo	$140,000	$123	62
2224 11th St	0.34mi	3/2.0 (+1)	1,120 (+8%)	1mo	$179,900	$161	61
2219 8th St	0.38mi	3/1.0 (+1)	1,080 (+4%)	12mo	$140,000	$130	60
1304 Pugh Dr	0.52mi	2/1.0	955 (-8%)	5mo	$194,000	$203	57
2113 10th St	0.55mi	2/2.0	1,103 (+6%)	7mo	$135,000	$122	55
2106 6th St	0.60mi	3/1.0 (+1)	936 (-10%)	1mo	$140,000	$150	50
1402 Sage Dr	0.26mi	3/1.0 (+1)	1,157 (+11%)	20mo	$76,000	$66	47
810 Eastway St	0.72mi	3/1.0 (+1)	1,085 (+4%)	12mo	$199,900	$184	44
2110 8th St	0.56mi	3/1.0 (+1)	1,120 (+8%)	19mo	$185,000	$165	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

4.96% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 36.6%
• Equity multiple: 3.26×
• Total profit: $50,519
• Equity at exit: $45,091

10-year hold

• IRR: 34.9%
• Equity multiple: 6.59×
• Total profit: $125,140
• Equity at exit: $77,665

Cash invested: $22,372 (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 77547

• Home prices YoY: 2.0%
• Active inventory: 38
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,464 high
• Mortgage (P&I): −$419
• Tax from tax record: −$198 /mo · $2,381/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$307
• Net cashflow: $506

Break-even live

Break-even rent $824

Max offer price $79,900

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
335 Delaware St Houston, TX	2.0	1.0	784	$940	$1.20	12d	1	0.10mi
423 Armstrong St Houston, TX	3.0	2.0	1090	$1,515	$1.39	1d	1	0.13mi
403 Armstrong St Houston, TX	3.0	2.0	909	$1,435	$1.58	5d	1	0.15mi
205 Bolden St Unit A Houston, TX	3.0	2.0	1200	$2,500	$2.08	43d	1	0.32mi
311 Massachusetts St Unit A Houston, TX	3.0	2.0	1184	$1,700	$1.44	12d	1	0.35mi
2216 3rd St Galena Park, TX	3.0	2.0	1500	$1,400	$0.93	43d	1	0.52mi
9743 Veyblum St Unit B Houston, TX	3.0	2.0	872	$1,145	$1.31	5d	1	0.77mi
9821 Turnbow St Unit C Houston, TX	3.0	2.0	1140	$1,720	$1.51	43d	1	0.82mi
9713 Stedman St Unit b Houston, TX	3.0	2.0	872	$1,095	$1.26	43d	1	0.92mi
9710 Tuffly St Houston, TX	3.0	2.0	1275	$1,795	$1.41	24d	1	1.13mi
9709 Cargill St Houston, TX	3.0	2.0	1184	$2,300	$1.94	43d	1	1.34mi
9806 Fillmore St Houston, TX	2.0	2.0	850	$1,850	$2.18	43d	1	1.36mi
9907 Lanewell St Unit a Houston, TX	3.0	2.0	872	$1,154	$1.32	21d	1	1.43mi

Listing history 23 events

1. 2026-06-18
   days on market $79,900 Active 222 DOM
2. 2026-06-17
   days on market $79,900 Active 221 DOM
3. 2026-06-16
   days on market $79,900 Active 220 DOM
4. 2026-06-15
   days on market $79,900 Active 219 DOM
5. 2026-06-13
   days on market $79,900 Active 217 DOM
6. 2026-06-13
   days on market $79,900 Active 216 DOM
7. 2026-06-09
   days on market $79,900 Active 213 DOM
8. 2026-06-08
   days on market $79,900 Active 212 DOM
9. 2026-06-07
   days on market $79,900 Active 211 DOM
10. 2026-06-04
    days on market $79,900 Active 208 DOM
11. 2026-06-03
    days on market $79,900 Active 207 DOM
12. 2026-06-02
    days on market $79,900 Active 206 DOM
13. 2026-06-01
    days on market $79,900 Active 205 DOM
14. 2026-05-31
    days on market $79,900 Active 204 DOM
15. 2026-04-15
    price $79,900 168-char remark

    Show marketing remark (168 chars)

    Great investment opportunity with this 2 Bedroom with possible 3rd bedroom. Also has a large detached garage with lots of storage space. Fenced yard with driveway gate.

16. 2026-02-14
    price $87,900 168-char remark

    Show marketing remark (168 chars)

    Great investment opportunity with this 2 Bedroom with possible 3rd bedroom. Also has a large detached garage with lots of storage space. Fenced yard with driveway gate.

17. 2025-11-07
    listed $93,600 Active 168-char remark

    Show marketing remark (168 chars)

    Great investment opportunity with this 2 Bedroom with possible 3rd bedroom. Also has a large detached garage with lots of storage space. Fenced yard with driveway gate.

18. 2024-01-02
    status Active
19. 2023-10-27
    historical
20. 2023-10-20
    status Pending
21. 2023-10-05
    price $85,000
22. 2023-09-27
    listed $99,000 Active
23. 1988-01-01
    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: $2,381 · $198/mo
• Projected year-2 tax: $2,381 · $198/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 24 d/yr by 30 yrs out
• 💨 Wind 9/10 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: $17,563
• − Mortgage interest: −$4,476
• − Property taxes: −$2,381
• − Insurance: −$400
• − Repairs & maintenance: −$1,405
• − Management: −$1,405
• − Depreciation: −$2,324
• Taxable income: $5,172
• Est. tax owed @ 24.0%: −$1,241
• After-tax cash flow: $4,825/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: Galena Park ISD
• NCES district ID: 4820250
• Math proficiency: 32% ▼ -20.00%
• Reading proficiency: 33% ▼ -7.00%
• Median HH income: $43,158
• Composite: 27.62/100
• National rank: #6927
• State rank: #578 of 826 in TX

Livability — Galena Park

• Score: 68/100
• State rank: #456
• US rank: #9227

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Galena Park, TX
• City population: 9,380
• Population (ZIP): 9,380

Population outlook (Harris County) Hauer SSP2

• Today (2025): 5,571,493 people
• By 2030: 6,089,821 · +9.3%
• By 2040: 7,142,806 · +28.2%
• By 2050: 8,185,864 · +46.9%
• By 2075: 10,574,329 · +89.8%
• By 2100: 12,109,958 · +117.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (90%)
• Race & ethnicity: Hispanic / Latino 90% Two or more races 46% Black 5% White 4%
• Hispanic origin (detail): Mexican 88%
• Foreign-born: 32% · Canada
• Languages at home: 21% English-only · Spanish 79%

Political lean MEDSL · Harris

• 2024 margin: Lean D (+5.5) · D 52.0% · R 46.4% · Other 1.6%
• 2008→2024 swing: +3.9pp toward D · 2008: 1.6pp · 2024: 5.5pp
• All cycles: 2024: D+5.5 2020: D+13.3 2016: D+12.4 2012: D+0.1 2008: D+1.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.96%
• Current HPI: 252.9899
• 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

-19.3% since first listed

9 events — show timeline

• 2026-04-15 Price Changed $79,900 HARMLS
• 2026-02-14 Price Changed $87,900 HARMLS
• 2025-11-07 Listed $93,600 HARMLS
• 2024-01-02 Relisted — HARMLS
• 2023-10-27 Listing Removed — HARMLS
• 2023-10-20 Pending — HARMLS
• 2023-10-05 Price Changed $85,000 HARMLS
• 2023-09-27 Listed $99,000 HARMLS
• 1988-01-01 Sold (Public Records) — Public Records

Property tax history

+5.8%/yr

Latest (2025): $2,381 · +14.7% YoY. Source: county tax records.