2499 Charlotte St · Forest Heights, TX 77632

$70,000

2 bd · 1.0 ba · 980 sqft · SingleFamily public records · 202 Days on market

Built 1949 $71/sqft · 30% below area Est $100k · 30% under ↓ 30% 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Priced to sell! This is a golden ticket for buyers looking for a true steal. Perfect for investors or first-time homebuyers with the right vision. Strong upside, flexible exit strategies, and a motivated seller. Opportunities like this don't come around often. Don't let this one slip away.

Key facts

• Built 1949
• Listed 202 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $375 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $62k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Little Cypress-Mauriceville CISD (rural): math 35% / reading 40% proficiency, ranked #435 of 826 in TX (top 53%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 294 active listings in the ZIP; 235 units permitted in Orange County in 2024 (50 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $484 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Orange County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 202 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask is 19% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1949 — 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 $61,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 202 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 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.60% ✓
• Cap rate: 12.72%
• Cash-on-cash: 22.97%
• DSCR: 2.02
• GRM: 5.2

CMA / ARV

• ARV (median comp): $99,900
• List price: $70,000
• Delta: -29.93%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2584 Charlotte Rd	0.09mi	2/1.0	980 (0%)	5mo	$99,900	$102	92

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: 16.0%
• Equity multiple: 1.64×
• Total profit: $12,587
• Equity at exit: $10,437

10-year hold

• IRR: 24.6%
• Equity multiple: 3.14×
• Total profit: $41,869
• Equity at exit: $6,052

Cash invested: $19,600 (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 77632

• Home prices YoY: -31.6%
• Active inventory: 294
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,123 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$116 /mo · $1,388/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $375

Break-even live

Break-even rent $648

Max offer price $70,000

Occupancy floor 62%

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $70,000 Active 202 DOM
2. 2026-06-17
   days on market $70,000 Active 201 DOM
3. 2026-06-16
   days on market $70,000 Active 200 DOM
4. 2026-06-15
   days on market $70,000 Active 199 DOM
5. 2026-06-14
   days on market $70,000 Active 197 DOM
6. 2026-06-13
   days on market $70,000 Active 196 DOM
7. 2026-06-10
   days on market $70,000 Active 194 DOM
8. 2026-06-09
   days on market $70,000 Active 193 DOM
9. 2026-06-08
   days on market $70,000 Active 192 DOM
10. 2026-06-07
    days on market $70,000 Active 191 DOM
11. 2026-06-03
    days on market $70,000 Active 187 DOM
12. 2026-06-02
    days on market $70,000 Active 186 DOM
13. 2026-06-01
    days on market $70,000 Active 185 DOM
14. 2026-05-31
    days on market $70,000 Active 184 DOM
15. 2026-05-30
    days on market $70,000 Active 183 DOM
16. 2026-03-17
    soldstatus Closed 290-char remark

    Show marketing remark (290 chars)

    Priced to sell! This is a golden ticket for buyers looking for a true steal. Perfect for investors or first-time homebuyers with the right vision. Strong upside, flexible exit strategies, and a motivated seller. Opportunities like this don't come around often. Don't let this one slip away.

17. 2026-02-27
    status Pending 290-char remark

    Show marketing remark (290 chars)

    Priced to sell! This is a golden ticket for buyers looking for a true steal. Perfect for investors or first-time homebuyers with the right vision. Strong upside, flexible exit strategies, and a motivated seller. Opportunities like this don't come around often. Don't let this one slip away.

18. 2026-02-12
    price $49,000 290-char remark

    Show marketing remark (290 chars)

    Priced to sell! This is a golden ticket for buyers looking for a true steal. Perfect for investors or first-time homebuyers with the right vision. Strong upside, flexible exit strategies, and a motivated seller. Opportunities like this don't come around often. Don't let this one slip away.

19. 2026-02-04
    listed $59,000 Active 290-char remark

    Show marketing remark (290 chars)

    Priced to sell! This is a golden ticket for buyers looking for a true steal. Perfect for investors or first-time homebuyers with the right vision. Strong upside, flexible exit strategies, and a motivated seller. Opportunities like this don't come around often. Don't let this one slip away.

20. 2025-11-26
    listed $70,000 Active 97-char remark

    Show marketing remark (97 chars)

    This home was my father’s until he passed away. My twin and I are looking to sell the home.

ⓘ 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: $1,388 · $116/mo
• Projected year-2 tax: $1,388 · $116/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 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,475
• − Mortgage interest: −$3,921
• − Property taxes: −$1,388
• − Insurance: −$350
• − Repairs & maintenance: −$1,078
• − Management: −$1,078
• − Depreciation: −$2,036
• Taxable income: $3,624
• Est. tax owed @ 24.0%: −$870
• After-tax cash flow: $3,633/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: Little Cypress-Mauriceville CISD
• NCES district ID: 4827690
• Math proficiency: 35% ▼ -5.00%
• Reading proficiency: 40% ▲ 1.00%
• Median HH income: $60,483
• Composite: 33.41/100
• National rank: #5473
• State rank: #435 of 826 in TX

Livability — Forest Heights

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Forest Heights, TX
• County: Orange County · 87,112 people
• Metro: Beaumont-Port Arthur, TX
• Population (ZIP): 22,976
• Household income: $74,418
• Rent vs Own: 20.7% rent · 79.3% own
• Severe rent burden: 431.0

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: Predominantly White (85%)
• Race & ethnicity: White 85% Hispanic / Latino 8% Two or more races 6% Black 4%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 8% Slovak 2% Italian 2%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▼ -68.96%
• Current HPI: 149.354
• Rent YoY: —
• 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

-30.0% since first listed

5 events — show timeline

• 2026-03-17 Sold (MLS) — HARMLS
• 2026-02-27 Pending — HARMLS
• 2026-02-12 Price Changed $49,000 HARMLS
• 2026-02-04 Listed $59,000 HARMLS
• 2025-11-26 Listed $70,000 Fizber.com

Property tax history

+12.1%/yr

Latest (2025): $1,388 · +15.6% YoY. Source: county tax records.