141 Bluebird Dr · Onalaska, TX 77360

$49,999

4 bd · 1.0 ba · 1,860 sqft · SingleFamily public records · 48 Days on market

Built 1981 0.38 ac lot $27/sqft · 66% below area $6/mo HOA

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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
• Appreciation +4.7/10.0
• Schools +4.1/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Investor special in Onalaska, TX! This 4-bedroom, 1-bath home offers approximately 1,860 sq ft of living space on a spacious 16,500 sq ft lot. Property is in need of repairs and is being sold as-is, presenting a great opportunity for investors, flippers, or buyers looking to renovate and add value. The home features a functional layout with ample square footage and solid underlying structure, making it an ideal candidate for a full rehab project. Located in a quiet area and not situated in a flood zone, this property offers both potential and peace of mind. With the right vision and updates, this could be transformed into a primary residence, rental, or resale opportunity. Conveniently located in Onalaska with access to nearby amenities and Lake Livingston.

Key facts

• Spacious lot
• Functional layout
• 0.38 acre lot

Tags

• SPACIOUS LOT
• FUNCTIONAL LAYOUT
• SOLID UNDERLYING STRUCTURE
• NOT SITUATED IN A FLOOD ZONE
• ACCESS TO NEARBY AMENITIES

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $968 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $50k).
• Recommended offer: $48k (3.0% below list) — sets the bar for market timing.
• Cap rate 29.5% vs local median 2.9% in Onalaska — 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 60/100 on livability (#1,055 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, crime D+, schools D.
• Onalaska ISD (rural): math 50% / reading 48% proficiency, ranked #213 of 826 in TX (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 350 active listings in the ZIP; 769 units permitted in Polk County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $41 of equity ($345 loan paydown + $-304 appreciation (-0.6% local appreciation)).
• Polk County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-0.6% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($48k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $10k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 98% 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 $48,499 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is D 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?
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: 3.34% ✓
• Cap rate: 29.52%
• Cash-on-cash: 82.96%
• DSCR: 4.69
• GRM: 2.5

CMA / ARV

• ARV (median comp): $147,776
• List price: $49,999
• Delta: -66.17%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
695 Yaupon Cove Dr	0.72mi	5/3.0 (+1)	1,825 (-2%)	18mo	$179,900	$99	36

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

Projected returns pro-forma

-0.61% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 84.9%
• Equity multiple: 5.20×
• Total profit: $58,797
• Equity at exit: $13,015

10-year hold

• IRR: 86.7%
• Equity multiple: 10.69×
• Total profit: $135,698
• Equity at exit: $14,491

Cash invested: $14,000 (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 77360

• Home prices YoY: -0.4%
• Active inventory: 350
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $1,670 medium
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $750/yr
• Insurance: −$21
• HOA: −$6
• Vacancy / Maint / Mgmt: −$351
• Net cashflow: $968

Break-even live

Break-even rent $445

Max offer price $49,999

Occupancy floor 37%

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $6 · $72/yr

Listing history 15 events

1. 2026-05-31
   days on market $49,999 Active 48 DOM
2. 2026-05-30
   days on market $49,999 Active 47 DOM
3. 2026-05-07
   price $49,999 767-char remark

   Show marketing remark (767 chars)

   Investor special in Onalaska, TX! This 4-bedroom, 1-bath home offers approximately 1,860 sq ft of living space on a spacious 16,500 sq ft lot. Property is in need of repairs and is being sold as-is, presenting a great opportunity for investors, flippers, or buyers looking to renovate and add value. The home features a functional layout with ample square footage and solid underlying structure, making it an ideal candidate for a full rehab project. Located in a quiet area and not situated in a flood zone, this property offers both potential and peace of mind. With the right vision and updates, this could be transformed into a primary residence, rental, or resale opportunity. Conveniently located in Onalaska with access to nearby amenities and Lake Livingston.

4. 2026-04-13
   listed $59,999 Active 767-char remark

   Show marketing remark (767 chars)

   Investor special in Onalaska, TX! This 4-bedroom, 1-bath home offers approximately 1,860 sq ft of living space on a spacious 16,500 sq ft lot. Property is in need of repairs and is being sold as-is, presenting a great opportunity for investors, flippers, or buyers looking to renovate and add value. The home features a functional layout with ample square footage and solid underlying structure, making it an ideal candidate for a full rehab project. Located in a quiet area and not situated in a flood zone, this property offers both potential and peace of mind. With the right vision and updates, this could be transformed into a primary residence, rental, or resale opportunity. Conveniently located in Onalaska with access to nearby amenities and Lake Livingston.

5. 2026-04-13
   historical

   Show marketing remark (767 chars)

   Investor special in Onalaska, TX! This 4-bedroom, 1-bath home offers approximately 1,860 sq ft of living space on a spacious 16,500 sq ft lot. Property is in need of repairs and is being sold as-is, presenting a great opportunity for investors, flippers, or buyers looking to renovate and add value. The home features a functional layout with ample square footage and solid underlying structure, making it an ideal candidate for a full rehab project. Located in a quiet area and not situated in a flood zone, this property offers both potential and peace of mind. With the right vision and updates, this could be transformed into a primary residence, rental, or resale opportunity. Conveniently located in Onalaska with access to nearby amenities and Lake Livingston.

6. 2026-02-16
   price $64,900
7. 2026-01-29
   price $69,900
8. 2025-12-30
   soldstatus
9. 2025-12-27
   listed $89,900 Active
10. 2025-12-26
    soldstatus Closed
11. 2025-12-06
    status Pending
12. 2025-11-22
    listed $37,500 Active
13. 2017-01-23
    soldstatus
14. 2016-12-01
    soldstatus
15. 1996-05-16
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥111°F today · 24 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 98% 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: $20,041
• − Mortgage interest: −$2,801
• − Property taxes: −$750
• − Insurance: −$250
• − Repairs & maintenance: −$1,603
• − Management: −$1,603
• − HOA: −$72
• − Depreciation: −$1,455
• Taxable income: $11,507
• Est. tax owed @ 24.0%: −$2,762
• After-tax cash flow: $8,852/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: Onalaska ISD
• NCES district ID: 4833690
• Math proficiency: 50% ▼ -10.00%
• Reading proficiency: 48% ▼ -1.00%
• Median HH income: $38,882
• Composite: 40.91/100
• National rank: #3616
• State rank: #213 of 826 in TX

Livability — Onalaska

• Score: 60/100
• State rank: #1055
• US rank: #18716

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Onalaska, TX
• Population (ZIP): 6,130

Population outlook (Polk County) Hauer SSP2

• Today (2025): 51,049 people
• By 2030: 53,243 · +4.3%
• By 2040: 56,528 · +10.7%
• By 2050: 59,243 · +16.1%
• By 2075: 63,528 · +24.4%
• By 2100: 60,376 · +18.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Two or more races 10% Hispanic / Latino 8%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Lithuanian 4% Italian 2% Romanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 95% English-only · Spanish 5%

Political lean MEDSL · Polk

• 2024 margin: Solid R (+58.9) · D 20.2% · R 79.1%
• 2008→2024 swing: -21.7pp toward R · 2008: -37.2pp · 2024: -58.9pp
• All cycles: 2024: R+58.9 2020: R+54.5 2016: R+56.5 2012: R+48.2 2008: R+37.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.61%
• Current HPI: 150.9486
• 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

+33.3% since first listed

13 events — show timeline

• 2026-05-07 Price Changed $49,999 HARMLS
• 2026-04-13 Listing Removed — HARMLS
• 2026-04-13 Listed $59,999 HARMLS
• 2026-02-16 Price Changed $64,900 HARMLS
• 2026-01-29 Price Changed $69,900 HARMLS
• 2025-12-30 Sold (Public Records) — Public Records
• 2025-12-27 Listed $89,900 HARMLS
• 2025-12-26 Sold (MLS) — HARMLS
• 2025-12-06 Pending — HARMLS
• 2025-11-22 Listed $37,500 HARMLS
• 2017-01-23 Sold (Public Records) — Public Records
• 2016-12-01 Sold (Public Records) — Public Records
• 1996-05-16 Sold (Public Records) — Public Records

Property tax history

+7.5%/yr

Latest (2025): $2,791 · +20.2% YoY. Source: county tax records.