1105 Walnut St · Jourdanton, TX 78026

$114,900

3 bd · 2.0 ba · 1,120 sqft · Townhouse public records · 15 Days on market

Built 2000 0.26 ac lot $103/sqft · 30% below area Est $163k · 30% under

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Why this score? — see what drove the D 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).

• ARV discount +15.0/15.0
• Cash flow +7.6/30.0
• Schools +3.9/10.0
• 1% rule +3.7/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

1120+ sf of open space and comfort! Big backyard for parties and holidays. Home sits on over a quarter acre with a fenced yard and full trees in front yard for shade. 3 bedrooms and 2 bathrooms, central A/C and heating, and a utility room with plenty of shelving space. Master includes bathroom with double vanity and shower/tub combo. New range, dishwasher, and microwave will be installed and included. Come swing by!!

Key facts

• Laminate flooring
• Quiet country living
• Quarter acre lot

Tags

• LAMINATE FLOORING
• BLACK QUARTZ COUNTERS
• WHITE SHAKER CABINETS
• QUARTER ACRE LOT
• NO HOA
• QUIET COUNTRY LIVING

Property features AI

Finance

• Financial info: Potential short sale — subject to third-party approval; Down payment assistance not listed
• HOA & community: Subdivision: Jourdanton

Exterior

• Utilities: Public water system; Public sewer system
• Home design: Pre-owned home; Approximate age: 26 years
• Construction: Composition roof
• Exterior features: Siding exterior; Lot approximately 1/4 - 1/2 acre; Lot dimensions about 75 x 150

Interior

• Kitchen: Stove/Range
• Bedrooms: Master bedroom (split, on lower level) — 14 x 10; Bedroom 2 — 12 x 14; Bedroom 3 — 10 x 14
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms; Master bath with tub/shower combination — 5 x 17
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Washer and dryer connections; Stove/Range included; Some window coverings remain; One living area
• Laundry & utility: Washer connection; Dryer connection

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $115k.

Deal economics

• At list price, monthly cash flow is $-140 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $90k (21.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $100k (13.0% below list).
• Recommended offer: $90k (21.4% below list) — sets the bar for cash-flow.
• Cap rate 4.8% vs local median 3.5% in Jourdanton — 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 (#474 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Jourdanton ISD (town): math 46% / reading 44% proficiency, ranked #258 of 826 in TX (top 31%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Jourdanton El (math 46% / reading 38%, grade F, #1,335 of 4,322 statewide, top 33%, 468 students, 60% FRL); Jourdanton H S (math 62% / reading 57%, grade C+, #275 of 1,632 statewide, top 19%, 442 students, 50% FRL) — zoned schools at 55% FRL track the district average.
• Market conditions: 164 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 224 units permitted in Atascosa County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $794 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Atascosa County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 23y 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 2.9% of price.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $90,254 (21.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 0.87% ✗
• Cap rate: 4.84%
• Cash-on-cash: -5.20%
• DSCR: 0.77
• GRM: 9.6

CMA / ARV

• ARV (median comp): $163,088
• List price: $114,900
• Delta: -29.55%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -25.0%
• Equity multiple: 0.15×
• Total profit: $-27,406
• Equity at exit: $17,132

10-year hold

• IRR: -20.6%
• Equity multiple: -0.09×
• Total profit: $-34,907
• Equity at exit: $9,934

Cash invested: $32,172 (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 78026

• Home prices YoY: -10.1%
• Active inventory: 164
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,000 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$279 /mo · $3,349/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$210
• Net cashflow: $-140

Break-even live

Break-even rent $1,177

Max offer price $90,254

Occupancy floor —

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
603 Commerce St Jourdanton, TX	2.0	1.0	900	$1,000	$1.11	23d	1	0.60mi

Listing history 25 events

1. 2026-05-08
   status Pending 630-char remark
2. 2026-04-23
   listed $114,900 New 630-char remark
3. 2025-02-04
   historical $1,500
4. 2024-08-31
   price $1,500
5. 2024-08-09
   listed $1,650
6. 2023-05-15
   soldstatus
7. 2023-05-11
   soldstatus Sold 420-char remark

   Show marketing remark (420 chars)

   1120+ sf of open space and comfort! Big backyard for parties and holidays. Home sits on over a quarter acre with a fenced yard and full trees in front yard for shade. 3 bedrooms and 2 bathrooms, central A/C and heating, and a utility room with plenty of shelving space. Master includes bathroom with double vanity and shower/tub combo. New range, dishwasher, and microwave will be installed and included. Come swing by!!

8. 2023-04-25
   status Pending 420-char remark

   Show marketing remark (420 chars)

   1120+ sf of open space and comfort! Big backyard for parties and holidays. Home sits on over a quarter acre with a fenced yard and full trees in front yard for shade. 3 bedrooms and 2 bathrooms, central A/C and heating, and a utility room with plenty of shelving space. Master includes bathroom with double vanity and shower/tub combo. New range, dishwasher, and microwave will be installed and included. Come swing by!!

9. 2023-04-21
   historical Active Option 420-char remark

   Show marketing remark (420 chars)

   1120+ sf of open space and comfort! Big backyard for parties and holidays. Home sits on over a quarter acre with a fenced yard and full trees in front yard for shade. 3 bedrooms and 2 bathrooms, central A/C and heating, and a utility room with plenty of shelving space. Master includes bathroom with double vanity and shower/tub combo. New range, dishwasher, and microwave will be installed and included. Come swing by!!

10. 2023-03-29
    price $145,000 420-char remark

    Show marketing remark (420 chars)

    1120+ sf of open space and comfort! Big backyard for parties and holidays. Home sits on over a quarter acre with a fenced yard and full trees in front yard for shade. 3 bedrooms and 2 bathrooms, central A/C and heating, and a utility room with plenty of shelving space. Master includes bathroom with double vanity and shower/tub combo. New range, dishwasher, and microwave will be installed and included. Come swing by!!

11. 2023-02-13
    listed $155,000 New 420-char remark

    Show marketing remark (420 chars)

    1120+ sf of open space and comfort! Big backyard for parties and holidays. Home sits on over a quarter acre with a fenced yard and full trees in front yard for shade. 3 bedrooms and 2 bathrooms, central A/C and heating, and a utility room with plenty of shelving space. Master includes bathroom with double vanity and shower/tub combo. New range, dishwasher, and microwave will be installed and included. Come swing by!!

12. 2022-09-08
    soldstatus
13. 2018-04-06
    historical
14. 2018-01-22
    listed $79,500 New
15. 2015-11-03
    soldstatus
16. 2015-10-28
    soldstatus
17. 2015-10-09
    historical
18. 2015-04-25
    listed $59,500
19. 2012-12-31
    soldstatus
20. 2012-11-23
    historical
21. 2012-10-26
    listed $70,000
22. 2012-07-16
    soldstatus
23. 2010-03-26
    soldstatus
24. 2004-04-30
    soldstatus
25. 2003-06-05
    listed $19,900

ⓘ 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: $3,349 · $279/mo
• Projected year-2 tax: $3,349 · $279/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 7/10 Severe
• 🌡 Heat 8/10 Severe 7 d/yr ≥111°F today · 22 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,000
• − Mortgage interest: −$6,436
• − Property taxes: −$3,349
• − Insurance: −$574
• − Repairs & maintenance: −$960
• − Management: −$960
• − Depreciation: −$3,343
• Taxable loss: −$3,622
• Est. tax savings @ 24.0%: +$869
• After-tax cash flow: $-805/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: Jourdanton ISD
• NCES district ID: 4824960
• Math proficiency: 46% ▼ -3.00%
• Reading proficiency: 44% ▲ 2.00%
• Median HH income: $51,581
• Composite: 38.81/100
• National rank: #4116
• State rank: #258 of 826 in TX

Livability — Jourdanton

• Score: 68/100
• State rank: #474
• US rank: #9531

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jourdanton, TX
• Population (ZIP): 6,438

Population outlook (Atascosa County) Hauer SSP2

• Today (2025): 57,233 people
• By 2030: 61,729 · +7.9%
• By 2040: 71,122 · +24.3%
• By 2050: 80,906 · +41.4%
• By 2075: 106,134 · +85.4%
• By 2100: 122,415 · +113.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 51% Hispanic / Latino 42% Two or more races 20% Asian 1%
• Hispanic origin (detail): Mexican 36%
• Common ancestry: Slovak 3% Lithuanian 2% Italian 1%
• Foreign-born: 10% · Canada
• Languages at home: 71% English-only · Spanish 27% Tagalog/Filipino 1%

Political lean MEDSL · Atascosa

• 2024 margin: Solid R (+43.3) · D 27.9% · R 71.3%
• 2008→2024 swing: -32.8pp toward R · 2008: -10.5pp · 2024: -43.3pp
• All cycles: 2024: R+43.3 2020: R+34.0 2016: R+29.1 2012: R+18.3 2008: R+10.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -23.13%
• Current HPI: 205.0473
• 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

+477.4% since first listed

25 events — show timeline

• 2026-05-08 Pending — LERA
• 2026-04-23 Listed $114,900 LERA
• 2025-02-04 Rental Removed $1,500 SABOR
• 2024-08-31 Price Changed $1,500 SABOR
• 2024-08-09 Listed for Rent $1,650 SABOR
• 2023-05-15 Sold (Public Records) — Public Records
• 2023-05-11 Sold (MLS) — LERA
• 2023-04-25 Pending — LERA
• 2023-04-21 Contingent — LERA
• 2023-03-29 Price Changed $145,000 LERA
• 2023-02-13 Listed $155,000 LERA
• 2022-09-08 Sold (Public Records) — Public Records
• 2018-04-06 Listing Removed — LERA
• 2018-01-22 Listed $79,500 LERA
• 2015-11-03 Sold (MLS) — LERA
• 2015-10-28 Sold (Public Records) — Public Records
• 2015-10-09 Listing Removed — LERA
• 2015-04-25 Listed $59,500 LERA
• 2012-12-31 Sold (MLS) — LERA
• 2012-11-23 Listing Removed — LERA
• 2012-10-26 Listed $70,000 LERA
• 2012-07-16 Sold (Public Records) — Public Records
• 2010-03-26 Sold (Public Records) — Public Records
• 2004-04-30 Sold (MLS) — LERA
• 2003-06-05 Listed $19,900 LERA

Property tax history

+12.8%/yr

Latest (2025): $3,349 · +7.9% YoY. Source: county tax records.