1007 Plum St · La Marque, TX 77568

$152,490

3 bd · 1.0 ba · 1,295 sqft · SingleFamily public records · 213 Days on market

Built 1955 0.28 ac lot $118/sqft · at area comps Est $164k · 7% under

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Why this score? — see what drove the C+ 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 +25.3/30.0
• ARV discount +10.6/15.0
• DSCR +8.3/10.0
• 1% rule +7.6/10.0
• Rent growth +3.5/5.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming home situated on a large corner lot in a quiet, established neighborhood. Featuring a 2022 roof, this property offers lasting quality and peace of mind. Enjoy the spacious yard, perfect for family gatherings, pets, or outdoor entertaining. Conveniently located with easy freeway access, just a short drive from Galveston, Seabrook, and Kemah, as well as nearby shopping, dining, and entertainment. Schedule your private showing today before it’s gone!

Key facts

• 0.28 acre lot
• Garage
• Built 1955

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $152k.

Deal economics

• At list price, monthly cash flow is $279 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $152k).
• Recommended offer: $134k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 5.6% in La Marque — 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 59/100 on livability (#1,136 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: employment D, schools F, crime F.
• Texas City ISD (suburban): math 28% / reading 29% proficiency, ranked #655 of 826 in TX (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+4.0%/yr); 654 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; 3,258 units permitted in Galveston County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($75k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Galveston County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 213 days — a 12% lower offer ($134k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 10y ago; this cycle's ask is 9431% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $134,191 (12.0% below list)

Questions for the listing agent

1. It's been on market 213 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 1955 — 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 F-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 F 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: 1.26% ✓
• Cap rate: 9.01%
• Cash-on-cash: 9.72%
• DSCR: 1.43
• GRM: 6.6

CMA / ARV

• ARV (median comp): $163,660
• List price: $152,490
• Delta: -6.83%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1126 Orange St	0.15mi	3/1.0	1,381 (+7%)	1mo	$139,500	$101	81
1729 Hawthorne St	0.28mi	2/1.5 (-1)	1,236 (-5%)	1mo	$165,000	$133	72
1603 S Oak St	0.41mi	3/1.0	1,271 (-2%)	7mo	$199,900	$157	72
1114 Main St	0.19mi	4/2.0 (+1)	1,171 (-10%)	1mo	$88,000	$75	65
1925 Palm St	0.20mi	3/2.0	1,442 (+11%)	5mo	$199,900	$139	64
810 Stubbs St	0.47mi	3/2.0	1,350 (+4%)	5mo	$199,000	$147	63
1220 Walnut St	0.31mi	3/2.0	1,448 (+12%)	0mo	$200,000	$138	62
904 Stubbs St	0.44mi	3/2.0	1,416 (+9%)	5mo	$114,900	$81	56
1903 Little St	0.73mi	3/2.0	1,269 (-2%)	4mo	$139,999	$110	55
111 Plum St	0.67mi	2/2.0 (-1)	1,316 (+2%)	8mo	$169,000	$128	51
105 Plum St	0.70mi	4/2.0 (+1)	1,329 (+3%)	5mo	$169,410	$127	50
1019 Spruce St	0.65mi	2/1.5 (-1)	1,192 (-8%)	6mo	$150,000	$126	44

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 · 3.95% rent growth · sell at horizon

5-year hold

• IRR: -3.0%
• Equity multiple: 0.88×
• Total profit: $-4,917
• Equity at exit: $22,737

10-year hold

• IRR: 7.9%
• Equity multiple: 1.63×
• Total profit: $26,988
• Equity at exit: $13,185

Cash invested: $42,697 (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 77568

• Home prices YoY: -22.7%
• Rents YoY: 4.0%
• Active inventory: 654
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,926 high
• Mortgage (P&I): −$800
• Tax from tax record: −$312 /mo · $3,748/yr
• Insurance: −$64
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$404
• Net cashflow: $279

Break-even live

Break-even rent $1,572

Max offer price $152,490

Occupancy floor 80%

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: $38,122
• Closing costs: $4,575
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1825 Bayou Rd La Marque, TX	2.0	1.0	1200	$1,195	$1.00	44d	1	0.68mi
105 Plum St La Marque, TX	4.0	1.5	1329	$2,100	$1.58	3d	1	0.70mi
1230 Kirsten St La Marque, TX	3.0	2.0	1704	$1,660	$0.97	3d	1	0.94mi
509 Bluebonnet Dr La Marque, TX	4.0	1.0	1223	$1,550	$1.27	44d	1	0.95mi
1401 Austin St La Marque, TX	4.0	3.0	1542	$2,400	$1.56	44d	1	1.29mi
203 Beatrice St La Marque, TX	3.0	1.0	1304	$1,395	$1.07	24d	1	1.38mi
1013 Margot St La Marque, TX	3.0	2.0	1099	$1,500	$1.36	19d	1	1.41mi

Listing history 37 events

1. 2026-06-18
   days on market $152,490 Active 213 DOM
2. 2026-06-17
   days on market $152,490 Active 212 DOM
3. 2026-06-16
   days on market $152,490 Active 211 DOM
4. 2026-06-15
   days on market $152,490 Active 210 DOM
5. 2026-06-13
   pricedays on market $152,490 Active 208 DOM
6. 2026-06-09
   days on market $154,990 Active 204 DOM
7. 2026-06-08
   days on market $154,990 Active 203 DOM
8. 2026-06-07
   days on market $154,990 Active 202 DOM
9. 2026-06-04
   days on market $154,990 Active 199 DOM
10. 2026-06-03
    days on market $154,990 Active 198 DOM
11. 2026-06-02
    days on market $154,990 Active 197 DOM
12. 2026-06-01
    days on market $154,990 Active 196 DOM
13. 2026-05-31
    days on market $154,990 Active 195 DOM
14. 2026-05-07
    status Active 466-char remark

    Show marketing remark (466 chars)

    Charming home situated on a large corner lot in a quiet, established neighborhood. Featuring a 2022 roof, this property offers lasting quality and peace of mind. Enjoy the spacious yard, perfect for family gatherings, pets, or outdoor entertaining. Conveniently located with easy freeway access, just a short drive from Galveston, Seabrook, and Kemah, as well as nearby shopping, dining, and entertainment. Schedule your private showing today before it’s gone!

15. 2026-05-05
    historical $1,600
16. 2026-05-04
    status Pending 466-char remark

    Show marketing remark (466 chars)

    Charming home situated on a large corner lot in a quiet, established neighborhood. Featuring a 2022 roof, this property offers lasting quality and peace of mind. Enjoy the spacious yard, perfect for family gatherings, pets, or outdoor entertaining. Conveniently located with easy freeway access, just a short drive from Galveston, Seabrook, and Kemah, as well as nearby shopping, dining, and entertainment. Schedule your private showing today before it’s gone!

17. 2026-04-06
    price $157,490 466-char remark

    Show marketing remark (466 chars)

    Charming home situated on a large corner lot in a quiet, established neighborhood. Featuring a 2022 roof, this property offers lasting quality and peace of mind. Enjoy the spacious yard, perfect for family gatherings, pets, or outdoor entertaining. Conveniently located with easy freeway access, just a short drive from Galveston, Seabrook, and Kemah, as well as nearby shopping, dining, and entertainment. Schedule your private showing today before it’s gone!

18. 2026-03-24
    listed $1,600
19. 2026-03-23
    price $159,990 466-char remark

    Show marketing remark (466 chars)

    Charming home situated on a large corner lot in a quiet, established neighborhood. Featuring a 2022 roof, this property offers lasting quality and peace of mind. Enjoy the spacious yard, perfect for family gatherings, pets, or outdoor entertaining. Conveniently located with easy freeway access, just a short drive from Galveston, Seabrook, and Kemah, as well as nearby shopping, dining, and entertainment. Schedule your private showing today before it’s gone!

20. 2026-03-06
    price $162,490 466-char remark

    Show marketing remark (466 chars)

    Charming home situated on a large corner lot in a quiet, established neighborhood. Featuring a 2022 roof, this property offers lasting quality and peace of mind. Enjoy the spacious yard, perfect for family gatherings, pets, or outdoor entertaining. Conveniently located with easy freeway access, just a short drive from Galveston, Seabrook, and Kemah, as well as nearby shopping, dining, and entertainment. Schedule your private showing today before it’s gone!

21. 2026-02-20
    price $164,990 466-char remark

    Show marketing remark (466 chars)

    Charming home situated on a large corner lot in a quiet, established neighborhood. Featuring a 2022 roof, this property offers lasting quality and peace of mind. Enjoy the spacious yard, perfect for family gatherings, pets, or outdoor entertaining. Conveniently located with easy freeway access, just a short drive from Galveston, Seabrook, and Kemah, as well as nearby shopping, dining, and entertainment. Schedule your private showing today before it’s gone!

22. 2026-02-09
    price $167,490 466-char remark

    Show marketing remark (466 chars)

    Charming home situated on a large corner lot in a quiet, established neighborhood. Featuring a 2022 roof, this property offers lasting quality and peace of mind. Enjoy the spacious yard, perfect for family gatherings, pets, or outdoor entertaining. Conveniently located with easy freeway access, just a short drive from Galveston, Seabrook, and Kemah, as well as nearby shopping, dining, and entertainment. Schedule your private showing today before it’s gone!

23. 2025-11-14
    listed $169,990 Active 466-char remark

    Show marketing remark (466 chars)

    Charming home situated on a large corner lot in a quiet, established neighborhood. Featuring a 2022 roof, this property offers lasting quality and peace of mind. Enjoy the spacious yard, perfect for family gatherings, pets, or outdoor entertaining. Conveniently located with easy freeway access, just a short drive from Galveston, Seabrook, and Kemah, as well as nearby shopping, dining, and entertainment. Schedule your private showing today before it’s gone!

24. 2025-10-28
    historical
25. 2025-10-20
    soldstatus
26. 2025-09-19
    price $139,999
27. 2025-08-25
    listed $159,999 Active
28. 2017-09-28
    soldstatus
29. 2017-09-26
    soldstatus Sold
30. 2017-07-19
    status Pending
31. 2017-07-13
    status Option Pending
32. 2017-06-28
    listed $132,000 Active
33. 2016-03-17
    historical
34. 2016-03-17
    soldstatus
35. 2016-03-16
    soldstatus Sold
36. 2016-01-28
    status Option Pending
37. 2016-01-20
    listed $69,000 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: $3,748 · $312/mo
• Projected year-2 tax: $3,748 · $312/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 7/10 Severe FEMA zone X · 60% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 26 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,109
• − Mortgage interest: −$8,542
• − Property taxes: −$3,748
• − Insurance: −$1,560
• − Repairs & maintenance: −$1,849
• − Management: −$1,849
• − Depreciation: −$4,436
• Taxable income: $1,126
• Est. tax owed @ 24.0%: −$270
• After-tax cash flow: $3,082/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: Texas City ISD
• NCES district ID: 4842510
• Math proficiency: 28% ▼ -10.00%
• Reading proficiency: 29% ▼ -4.00%
• Median HH income: $44,875
• Composite: 24.47/100
• National rank: #7664
• State rank: #655 of 826 in TX

Livability — La Marque

• Score: 59/100
• State rank: #1136
• US rank: #20037

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: La Marque, TX
• County: Galveston County · 357,330 people
• City population: 23,083
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 23,083
• Household income: $74,694
• Rent vs Own: 28.0% rent · 72.0% own
• Severe rent burden: 700.0

Population outlook (Galveston County) Hauer SSP2

• Today (2025): 390,640 people
• By 2030: 425,226 · +8.9%
• By 2040: 493,765 · +26.4%
• By 2050: 559,698 · +43.3%
• By 2075: 719,260 · +84.1%
• By 2100: 819,628 · +109.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: White 37% Hispanic / Latino 29% Black 26% Two or more races 17% Asian 3%
• Hispanic origin (detail): Mexican 22% Puerto Rican 1%
• Common ancestry: Lithuanian 1% Italian 1% Serbian 1%
• Foreign-born: 8% · Canada
• Languages at home: 77% English-only · Spanish 21% Tagalog/Filipino 1% Other Asian/Pacific 1%

Political lean MEDSL · Galveston

• 2024 margin: Strong R (+27.4) · D 35.7% · R 63.1% · Other 1.2%
• 2008→2024 swing: -7.9pp toward R · 2008: -19.5pp · 2024: -27.4pp
• All cycles: 2024: R+27.4 2020: R+22.6 2016: R+22.6 2012: R+26.9 2008: R+19.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -69.39%
• Current HPI: 236.0239
• Rent YoY: ▲ 3.95%
• Metro: Houston-The Woodlands-Sugar Land, 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

-97.7% since first listed

24 events — show timeline

• 2026-05-07 Relisted — HARMLS
• 2026-05-05 Rental Removed $1,600 HARMLS
• 2026-05-04 Pending — HARMLS
• 2026-04-06 Price Changed $157,490 HARMLS
• 2026-03-24 Listed for Rent $1,600 HARMLS
• 2026-03-23 Price Changed $159,990 HARMLS
• 2026-03-06 Price Changed $162,490 HARMLS
• 2026-02-20 Price Changed $164,990 HARMLS
• 2026-02-09 Price Changed $167,490 HARMLS
• 2025-11-14 Listed $169,990 HARMLS
• 2025-10-28 Listing Removed — HARMLS
• 2025-10-20 Sold (Public Records) — Public Records
• 2025-09-19 Price Changed $139,999 HARMLS
• 2025-08-25 Listed $159,999 HARMLS
• 2017-09-28 Sold (Public Records) — Public Records
• 2017-09-26 Sold (MLS) — HARMLS
• 2017-07-19 Pending — HARMLS
• 2017-07-13 Pending — HARMLS
• 2017-06-28 Listed $132,000 HARMLS
• 2016-03-17 Listing Removed — HARMLS
• 2016-03-17 Sold (Public Records) — Public Records
• 2016-03-16 Sold (MLS) — HARMLS
• 2016-01-28 Pending — HARMLS
• 2016-01-20 Listed $69,000 HARMLS

Property tax history

+10.8%/yr

Latest (2025): $3,748 · +9.9% YoY. Source: county tax records.