205 Brazos · George West, TX 78102

$45,000

3 bd · 1.0 ba · 1,235 sqft · SingleFamily public records · 133 Days on market

Built 1900 6,011 sqft lot $36/sqft · 64% below area

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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 +7.5/15.0
• Schools +4.8/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

As-is Investor Special with Potential in George West, TX – Live Oak County Opportunity knocks in the heart of ranch country! Located in Live Oak County, Texas, this 1,235 sq ft brick home sits just minutes from Highway 281, Interstate 35, and local conveniences—making it a rare find for buyers seeking a fixer-upper with land-friendly surroundings. Featuring 3 bedrooms, 1 full bathroom, and a new water heater already installed, this single-story home is ready for someone with vision. Whether you're looking for an affordable primary residence you can renovate over time or a promising investment property in George West TX, this home offers solid potential. Set in a region known for ranching and agriculture, the property is less than 4 minutes to George West High School, 27 minutes to H-E-B, and close to local dining and services. Surrounded by larger tracts and country living, this is the perfect base for those wanting space, privacy, and opportunity without sacrificing access to amenities. Bring your tools and imagination—this as-is property needs major TLC, but the location makes it a worthwhile project.

Key facts

• Country living
• New water heater
• Brick home

Tags

• BRICK HOME
• NEW WATER HEATER
• LAND-FRIENDLY SURROUNDINGS
• CLOSE TO LOCAL DINING
• COUNTRY LIVING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $612 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Recommended offer: $40k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 74/100 on livability (#177 in TX, #4,670 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, crime A; Watch: amenities F, commute F, employment F.
• George West ISD (rural): math 55% / reading 59% proficiency, ranked #95 of 826 in TX (top 12%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 187 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 12 units permitted in Live Oak County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $311 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Live Oak County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 133 days — a 12% lower offer ($40k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y ago; this cycle's ask has dropped $15k (25%) 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 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $39,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 133 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 1900 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 2.75% ✓
• Cap rate: 22.61%
• Cash-on-cash: 58.28%
• DSCR: 3.59
• GRM: 3.0

CMA / ARV

• ARV (median comp): $125,000
• List price: $45,000
• Delta: -64.00%
• Verdict: UNDERPRICED
• Comps: 19 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
902 Burleson St	0.56mi	3/1.0	1,171 (-5%)	4mo	$69,900	$60	62
202 E Houston St	0.37mi	3/2.0	1,408 (+14%)	3mo	$125,000	$89	52
202 E Houston St	0.38mi	3/2.0	1,408 (+14%)	3mo	$125,000	$89	52
800 Brown St	0.47mi	3/1.0	1,376 (+11%)	9mo	$29,900	$22	51
810 Houston St	0.63mi	2/1.0 (-1)	1,225 (-1%)	16mo	$58,000	$47	51
1006 Burleson St	0.70mi	3/2.0	1,404 (+14%)	6mo	$202,500	$144	35

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: 56.9%
• Equity multiple: 3.52×
• Total profit: $31,735
• Equity at exit: $6,710

10-year hold

• IRR: 61.8%
• Equity multiple: 7.19×
• Total profit: $78,034
• Equity at exit: $3,891

Cash invested: $12,600 (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 78102

• Home prices YoY: -34.5%
• Active inventory: 187
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,238 medium
• Mortgage (P&I): −$236
• Tax from tax record: −$111 /mo · $1,334/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$260
• Net cashflow: $612

Break-even live

Break-even rent $463

Max offer price $45,000

Occupancy floor 46%

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
708 Garcia St George West, TX	2.0	1.0	875	$900	$1.03	43d	1	0.51mi

Listing history 26 events

1. 2026-06-19
   days on market $45,000 Active 133 DOM
2. 2026-06-18
   days on market $45,000 Active 132 DOM
3. 2026-06-17
   days on market $45,000 Active 131 DOM
4. 2026-06-16
   days on market $45,000 Active 130 DOM
5. 2026-06-15
   days on market $45,000 Active 129 DOM
6. 2026-06-14
   days on market $45,000 Active 127 DOM
7. 2026-06-12
   days on market $45,000 Active 126 DOM
8. 2026-06-09
   days on market $45,000 Active 123 DOM
9. 2026-06-08
   days on market $45,000 Active 122 DOM
10. 2026-06-07
    days on market $45,000 Active 121 DOM
11. 2026-06-05
    days on market $45,000 Active 119 DOM
12. 2026-06-02
    days on market $45,000 Active 116 DOM
13. 2026-06-01
    days on market $45,000 Active 115 DOM
14. 2026-05-31
    days on market $45,000 Active 114 DOM
15. 2026-05-30
    days on market $45,000 Active 113 DOM
16. 2026-03-25
    price $45,000 1138-char remark

    Show marketing remark (1138 chars)

    As-is Investor Special with Potential in George West, TX – Live Oak County Opportunity knocks in the heart of ranch country! Located in Live Oak County, Texas, this 1,235 sq ft brick home sits just minutes from Highway 281, Interstate 35, and local conveniences—making it a rare find for buyers seeking a fixer-upper with land-friendly surroundings. Featuring 3 bedrooms, 1 full bathroom, and a new water heater already installed, this single-story home is ready for someone with vision. Whether you're looking for an affordable primary residence you can renovate over time or a promising investment property in George West TX, this home offers solid potential. Set in a region known for ranching and agriculture, the property is less than 4 minutes to George West High School, 27 minutes to H-E-B, and close to local dining and services. Surrounded by larger tracts and country living, this is the perfect base for those wanting space, privacy, and opportunity without sacrificing access to amenities. Bring your tools and imagination—this as-is property needs major TLC, but the location makes it a worthwhile project.

17. 2026-03-18
    price $48,000 1138-char remark

    Show marketing remark (1138 chars)

    As-is Investor Special with Potential in George West, TX – Live Oak County Opportunity knocks in the heart of ranch country! Located in Live Oak County, Texas, this 1,235 sq ft brick home sits just minutes from Highway 281, Interstate 35, and local conveniences—making it a rare find for buyers seeking a fixer-upper with land-friendly surroundings. Featuring 3 bedrooms, 1 full bathroom, and a new water heater already installed, this single-story home is ready for someone with vision. Whether you're looking for an affordable primary residence you can renovate over time or a promising investment property in George West TX, this home offers solid potential. Set in a region known for ranching and agriculture, the property is less than 4 minutes to George West High School, 27 minutes to H-E-B, and close to local dining and services. Surrounded by larger tracts and country living, this is the perfect base for those wanting space, privacy, and opportunity without sacrificing access to amenities. Bring your tools and imagination—this as-is property needs major TLC, but the location makes it a worthwhile project.

18. 2026-03-12
    price $50,000 1138-char remark

    Show marketing remark (1138 chars)

    As-is Investor Special with Potential in George West, TX – Live Oak County Opportunity knocks in the heart of ranch country! Located in Live Oak County, Texas, this 1,235 sq ft brick home sits just minutes from Highway 281, Interstate 35, and local conveniences—making it a rare find for buyers seeking a fixer-upper with land-friendly surroundings. Featuring 3 bedrooms, 1 full bathroom, and a new water heater already installed, this single-story home is ready for someone with vision. Whether you're looking for an affordable primary residence you can renovate over time or a promising investment property in George West TX, this home offers solid potential. Set in a region known for ranching and agriculture, the property is less than 4 minutes to George West High School, 27 minutes to H-E-B, and close to local dining and services. Surrounded by larger tracts and country living, this is the perfect base for those wanting space, privacy, and opportunity without sacrificing access to amenities. Bring your tools and imagination—this as-is property needs major TLC, but the location makes it a worthwhile project.

19. 2026-02-25
    price $52,000 1138-char remark

    Show marketing remark (1138 chars)

    As-is Investor Special with Potential in George West, TX – Live Oak County Opportunity knocks in the heart of ranch country! Located in Live Oak County, Texas, this 1,235 sq ft brick home sits just minutes from Highway 281, Interstate 35, and local conveniences—making it a rare find for buyers seeking a fixer-upper with land-friendly surroundings. Featuring 3 bedrooms, 1 full bathroom, and a new water heater already installed, this single-story home is ready for someone with vision. Whether you're looking for an affordable primary residence you can renovate over time or a promising investment property in George West TX, this home offers solid potential. Set in a region known for ranching and agriculture, the property is less than 4 minutes to George West High School, 27 minutes to H-E-B, and close to local dining and services. Surrounded by larger tracts and country living, this is the perfect base for those wanting space, privacy, and opportunity without sacrificing access to amenities. Bring your tools and imagination—this as-is property needs major TLC, but the location makes it a worthwhile project.

20. 2026-02-17
    price $56,000 1138-char remark

    Show marketing remark (1138 chars)

    As-is Investor Special with Potential in George West, TX – Live Oak County Opportunity knocks in the heart of ranch country! Located in Live Oak County, Texas, this 1,235 sq ft brick home sits just minutes from Highway 281, Interstate 35, and local conveniences—making it a rare find for buyers seeking a fixer-upper with land-friendly surroundings. Featuring 3 bedrooms, 1 full bathroom, and a new water heater already installed, this single-story home is ready for someone with vision. Whether you're looking for an affordable primary residence you can renovate over time or a promising investment property in George West TX, this home offers solid potential. Set in a region known for ranching and agriculture, the property is less than 4 minutes to George West High School, 27 minutes to H-E-B, and close to local dining and services. Surrounded by larger tracts and country living, this is the perfect base for those wanting space, privacy, and opportunity without sacrificing access to amenities. Bring your tools and imagination—this as-is property needs major TLC, but the location makes it a worthwhile project.

21. 2026-02-06
    listed $60,000 Active 1138-char remark

    Show marketing remark (1138 chars)

    As-is Investor Special with Potential in George West, TX – Live Oak County Opportunity knocks in the heart of ranch country! Located in Live Oak County, Texas, this 1,235 sq ft brick home sits just minutes from Highway 281, Interstate 35, and local conveniences—making it a rare find for buyers seeking a fixer-upper with land-friendly surroundings. Featuring 3 bedrooms, 1 full bathroom, and a new water heater already installed, this single-story home is ready for someone with vision. Whether you're looking for an affordable primary residence you can renovate over time or a promising investment property in George West TX, this home offers solid potential. Set in a region known for ranching and agriculture, the property is less than 4 minutes to George West High School, 27 minutes to H-E-B, and close to local dining and services. Surrounded by larger tracts and country living, this is the perfect base for those wanting space, privacy, and opportunity without sacrificing access to amenities. Bring your tools and imagination—this as-is property needs major TLC, but the location makes it a worthwhile project.

22. 2025-07-28
    listed $60,000 Active
23. 2018-05-05
    historical
24. 2018-04-01
    listed $45,000 Active
25. 2017-06-19
    historical
26. 2017-05-21
    listed $39,995 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: $1,334 · $111/mo
• Projected year-2 tax: $1,334 · $111/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 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥113°F today · 22 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% 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: $14,854
• − Mortgage interest: −$2,521
• − Property taxes: −$1,334
• − Insurance: −$225
• − Repairs & maintenance: −$1,188
• − Management: −$1,188
• − Depreciation: −$1,309
• Taxable income: $7,088
• Est. tax owed @ 24.0%: −$1,701
• After-tax cash flow: $5,642/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: George West ISD
• NCES district ID: 4820550
• Math proficiency: 55% ▼ -7.00%
• Reading proficiency: 59% ▲ 2.00%
• Median HH income: $45,721
• Composite: 48.17/100
• National rank: #2175
• State rank: #95 of 826 in TX

Livability — George West

• Score: 74/100
• State rank: #177
• US rank: #4670

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: George West, TX
• County: Bee County · 27,455 people
• Metro: Beeville, TX
• Population (ZIP): 27,455
• Household income: $58,939
• Rent vs Own: 30.3% rent · 69.7% own
• Severe rent burden: 853.0

Population outlook (Live Oak County) Hauer SSP2

• Today (2025): 13,886 people
• By 2030: 14,793 · +6.5%
• By 2040: 16,633 · +19.8%
• By 2050: 18,511 · +33.3%
• By 2075: 23,859 · +71.8%
• By 2100: 26,396 · +90.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (62%)
• Race & ethnicity: Hispanic / Latino 62% Two or more races 29% White 27% Black 7%
• Hispanic origin (detail): Mexican 55%
• Common ancestry: Lithuanian 1% Slovak 1%
• Foreign-born: 5% · Canada
• Languages at home: 66% English-only · Spanish 33%

Political lean MEDSL · Live Oak

• 2024 margin: Solid R (+69.6) · D 14.9% · R 84.6%
• 2008→2024 swing: -20.6pp toward R · 2008: -49.0pp · 2024: -69.6pp
• All cycles: 2024: R+69.6 2020: R+66.9 2016: R+63.5 2012: R+54.5 2008: R+49.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -76.59%
• Current HPI: 145.1182
• Rent YoY: —
• Metro: Beeville, 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

+12.5% since first listed

11 events — show timeline

• 2026-03-25 Price Changed $45,000 CBMLS
• 2026-03-18 Price Changed $48,000 CBMLS
• 2026-03-12 Price Changed $50,000 CBMLS
• 2026-02-25 Price Changed $52,000 CBMLS
• 2026-02-17 Price Changed $56,000 CBMLS
• 2026-02-06 Listed $60,000 CBMLS
• 2025-07-28 Listed $60,000 CBMLS
• 2018-05-05 Delisted — CBMLS
• 2018-04-01 Listed $45,000 CBMLS
• 2017-06-19 Delisted — CBMLS
• 2017-05-21 Listed $39,995 CBMLS

Property tax history

+0.4%/yr

Latest (2025): $1,334 · -19.8% YoY. Source: county tax records.