1004 Cherry · Orange, TX 77630

$89,900

3 bd · 3.0 ba · 2,511 sqft · SingleFamily public records · 81 Days on market

Built 1935 5,662 sqft lot $36/sqft · 61% below area ↓ 11% since listing

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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 +5.5/10.0
• Rent growth +3.9/5.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0

Listing remarks MLS

Charming Two-Story Home Near the Historic District — Ready to Be Finished. Built in 1935, this classic two-story home offers timeless character and exciting potential. Featuring 3 bedrooms and 1 bathroom, the home showcases 12-foot ceilings that create an open, grand feel throughout. Much of the sheetrock work has already been completed, along with a few other updates, making this an ideal project for someone ready to bring the vision across the finish line. The roof is approximately 3.5 years old, providing peace of mind and added value. A detached one-car garage adds convenience, and the home’s location near the Historic District enhances both charm and desirability. This property is perfect for an investor or homeowner who wants to pick up where the work left off and transform this home into a beautiful masterpiece. Sold as-is, with endless potential for restoration and customization.

Key facts

• 12 foot ceilings
• Historic district
• 5,662 sq ft lot

Tags

• HISTORIC DISTRICT
• 12 FOOT CEILINGS
• DETACHED ONE CAR GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $64 ($771/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $85k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.8% vs local median 3.9% in Orange — 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 71/100 on livability (#286 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D+, employment D+, schools D-.
• West Orange-Cove CISD (suburban): math 17% / reading 21% proficiency, ranked #784 of 826 in TX (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 79% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.7%/yr); 337 active listings in the ZIP; 235 units permitted in Orange County in 2024 (50 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($622 loan paydown + $908 appreciation (1.0% local appreciation)).
• Orange County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (1.0% appreciation + 5.7% rent growth), your $25k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 81 days — a 6% lower offer ($85k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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: flood insurance adds $427/mo; built in 1935 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $84,506 (6.0% below list)

Questions for the listing agent

1. It's been on market 81 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1935 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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?
8. 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.
9. 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.
10. 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: 1.60% ✓
• Cap rate: 12.84%
• Cash-on-cash: 23.40%
• DSCR: 2.04
• GRM: 5.2

CMA / ARV

• ARV (median comp): $230,597
• List price: $89,900
• Delta: -61.01%
• Verdict: UNDERPRICED
• Comps: 15 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
610 8th St	0.20mi	4/2.0 (+1)	2,442 (-3%)	12mo	$235,000	$96	67
1705 Burton Ave	0.68mi	3/2.0	2,249 (-10%)	23mo	$179,900	$80	27

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

Projected returns pro-forma

1.01% appreciation · 5.71% rent growth · sell at horizon

5-year hold

• IRR: 7.7%
• Equity multiple: 1.40×
• Total profit: $10,132
• Equity at exit: $30,737

10-year hold

• IRR: 14.5%
• Equity multiple: 2.97×
• Total profit: $49,666
• Equity at exit: $40,882

Cash invested: $25,172 (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 77630

• Home prices YoY: 0.4%
• Rents YoY: 5.7%
• Active inventory: 337
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,435 medium
• Mortgage (P&I): −$471
• Tax from tax record: −$134 /mo · $1,606/yr
• Insurance: −$37
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$301
• Net cashflow: $64

Break-even live

Break-even rent $1,353

Max offer price $89,900

Occupancy floor 91%

Sensitivity live

Price	-10% $115	-5% $90	+0% $64	+5% $39	+10% $13
Rent	-10% $-49	-5% $8	+0% $64	+5% $121	+10% $178
Rate	-1.0pp $110	-0.5pp $87	base $64	+0.5pp $41	+1.0pp $17

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $89,900 Active 81 DOM
2. 2026-06-17
   days on market $89,900 Active 80 DOM
3. 2026-06-16
   days on market $89,900 Active 79 DOM
4. 2026-06-15
   days on market $89,900 Active 78 DOM
5. 2026-06-14
   days on market $89,900 Active 76 DOM
6. 2026-06-13
   days on market $89,900 Active 75 DOM
7. 2026-06-10
   days on market $89,900 Active 73 DOM
8. 2026-06-09
   days on market $89,900 Active 72 DOM
9. 2026-06-08
   days on market $89,900 Active 71 DOM
10. 2026-06-07
    days on market $89,900 Active 70 DOM
11. 2026-06-03
    days on market $89,900 Active 66 DOM
12. 2026-06-02
    days on market $89,900 Active 65 DOM
13. 2026-06-01
    days on market $89,900 Active 64 DOM
14. 2026-05-31
    days on market $89,900 Active 63 DOM
15. 2026-05-30
    days on market $89,900 Active 62 DOM
16. 2026-05-07
    price $79,900 912-char remark

    Show marketing remark (912 chars)

    Charming Two-Story Home Near the Historic District — Ready to Be Finished. Built in 1935, this classic two-story home offers timeless character and exciting potential. Featuring 3 bedrooms and 1 bathroom, the home showcases 12-foot ceilings that create an open, grand feel throughout. Much of the sheetrock work has already been completed, along with a few other updates, making this an ideal project for someone ready to bring the vision across the finish line. The roof is approximately 3.5 years old, providing peace of mind and added value. A detached one-car garage adds convenience, and the home’s location near the Historic District enhances both charm and desirability. This property is perfect for an investor or homeowner who wants to pick up where the work left off and transform this home into a beautiful masterpiece. Sold as-is, with endless potential for restoration and customization.

17. 2026-03-29
    listed $89,900 New 900-char remark

    Show marketing remark (900 chars)

    Charming Two-Story Home Near the Historic District - Ready to Be Finished. Built in 1935, this classic two-story home offers timeless character and exciting potential. Featuring 3 bedrooms and 1 bathroom, the home showcases 12-foot ceilings that create an open, grand feel throughout. Much of the sheetrock work has already been completed, along with a few other updates, making this an ideal project for someone ready to bring the vision across the finish line. The roof is approximately 3.5 years old, providing peace of mind and added value. A detached one-car garage adds convenience, and the home's location near the Historic District enhances both charm and desirability. This property is perfect for an investor or homeowner who wants to pick up where the work left off and transform this home into a beautiful masterpiece. Sold as-is, with endless potential for restoration and customization.

18. 2025-12-16
    listed $89,900 Active 912-char remark

    Show marketing remark (912 chars)

    Charming Two-Story Home Near the Historic District — Ready to Be Finished. Built in 1935, this classic two-story home offers timeless character and exciting potential. Featuring 3 bedrooms and 1 bathroom, the home showcases 12-foot ceilings that create an open, grand feel throughout. Much of the sheetrock work has already been completed, along with a few other updates, making this an ideal project for someone ready to bring the vision across the finish line. The roof is approximately 3.5 years old, providing peace of mind and added value. A detached one-car garage adds convenience, and the home’s location near the Historic District enhances both charm and desirability. This property is perfect for an investor or homeowner who wants to pick up where the work left off and transform this home into a beautiful masterpiece. Sold as-is, with endless potential for restoration and customization.

ⓘ 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: $1,606 · $134/mo
• Projected year-2 tax: $1,645 · $137/mo
• Expected delta: +$39/yr (+$3/mo · 2.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone AE · 96% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,218
• − Mortgage interest: −$5,036
• − Property taxes: −$1,606
• − Insurance: −$5,568
• − Repairs & maintenance: −$1,377
• − Management: −$1,377
• − Depreciation: −$2,615
• Taxable loss: −$362
• Est. tax savings @ 24.0%: +$87
• After-tax cash flow: $858/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: West Orange-Cove CISD
• NCES district ID: 4845090
• Math proficiency: 17% ▼ -7.00%
• Reading proficiency: 21% ▼ -2.00%
• Median HH income: $37,329
• Composite: 15.86/100
• National rank: #9260
• State rank: #784 of 826 in TX

Livability — Orange

• Score: 71/100
• State rank: #286
• US rank: #6456

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Orange, TX
• County: Orange County · 87,112 people
• City population: 22,976
• Metro: Beaumont-Port Arthur, TX
• Population (ZIP): 28,983
• Household income: $64,373
• Rent vs Own: 32.2% rent · 67.8% own
• Severe rent burden: 1018.0

Population outlook (Orange County) Hauer SSP2

• Today (2025): 88,065 people
• By 2030: 89,591 · +1.7%
• By 2040: 91,982 · +4.4%
• By 2050: 93,023 · +5.6%
• By 2075: 94,871 · +7.7%
• By 2100: 88,155 · +0.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Black 21% Hispanic / Latino 11% Two or more races 9%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Lithuanian 13% Italian 1% Slovak 1%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 7% French/Haitian/Cajun 1% Other Asian/Pacific 1%

Political lean MEDSL · Orange

• 2024 margin: Solid R (+66.8) · D 16.4% · R 83.1%
• 2008→2024 swing: -19.6pp toward R · 2008: -47.1pp · 2024: -66.8pp
• All cycles: 2024: R+66.8 2020: R+63.4 2016: R+61.9 2012: R+54.3 2008: R+47.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.01%
• Current HPI: 264.14
• Rent YoY: ▲ 5.71%
• Metro: Beaumont-Port Arthur, 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

-11.1% since first listed

3 events — show timeline

• 2026-05-07 Price Changed $79,900 BBOR
• 2026-03-29 Listed $89,900 LERA
• 2025-12-16 Listed $89,900 BBOR

Property tax history

-3.4%/yr

Latest (2025): $1,606 · +18.2% YoY. Source: county tax records.