236 Adelaide Dr · Hardin, TX 77327

$134,899

3 bd · 2.0 ba · 1,000 sqft · SingleFamily public records · 297 Days on market

Built 1986 0.27 ac lot $135/sqft · 21% below area Est $170k · 21% under

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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 +28.1/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +6.4/10.0
• Rent growth +3.5/5.0
• Schools +3.5/10.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

JUST LISTED! Step into this inviting home that offers COUNTRY LIVING. It features three bedrooms, one and a half bathrooms, and thoughtfully designed to accommodate all of your needs. You will like the warmth of a charming kitchen and generously sized bedrooms. There is plenty of space for relaxation and entertaining. You will also like the serenity of being nestled in THE PRESERVE OF TEXAS and will enjoy nature and the expansive outdoors. This is a tranquil retreat from the hustle and bustle of daily life. This residence has undergone significant enhancements, including foundation repairs, fresh interior paint, upgraded bathrooms, and new carpeting throughout. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

Key facts

• New carpeting
• Charming kitchen
• Foundation repairs

Tags

• CHARMING KITCHEN
• EXPANSIVE OUTDOORS
• FOUNDATION REPAIRS
• FRESH INTERIOR PAINT
• UPGRADED BATHROOMS
• NEW CARPETING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $-3 ($-34/yr) — negative.
• To cash-flow at today's rent, offer at most $134k (0.4% below list).
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.1% vs local median 3.1% in Hardin — 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 (#1,134 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools D, crime F, amenities F.
• Tarkington ISD (rural): math 43% / reading 38% proficiency, ranked #373 of 826 in TX (top 45%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.0%/yr); 1574 active listings in the ZIP; 1,321 units permitted in Liberty County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $932 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Liberty County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 297 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 3y ago; this cycle's ask is 8336% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• 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→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,711 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 297 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
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 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: 1.14% ✓
• Cap rate: 10.06%
• Cash-on-cash: 13.46%
• DSCR: 1.60
• GRM: 7.3

CMA / ARV

• ARV (median comp): $169,888
• List price: $134,899
• Delta: -20.60%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.0% rent growth · sell at horizon

5-year hold

• IRR: -14.8%
• Equity multiple: 0.46×
• Total profit: $-20,270
• Equity at exit: $20,114

10-year hold

• IRR: -3.9%
• Equity multiple: 0.72×
• Total profit: $-10,495
• Equity at exit: $11,664

Cash invested: $37,772 (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 77327

• Home prices YoY: -5.2%
• Rents YoY: 4.0%
• Active inventory: 1574
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,544 medium
• Mortgage (P&I): −$707
• Tax from tax record: −$32 /mo · $389/yr
• Insurance: −$56
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $-3

Break-even live

Break-even rent $1,548

Max offer price $134,396

Occupancy floor 95%

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Listing history 32 events

1. 2026-06-18
   days on market $134,899 Active 297 DOM
2. 2026-06-17
   days on market $134,899 Active 296 DOM
3. 2026-06-16
   days on market $134,899 Active 295 DOM
4. 2026-06-15
   days on market $134,899 Active 294 DOM
5. 2026-06-13
   days on market $134,899 Active 292 DOM
6. 2026-06-09
   days on market $134,899 Active 288 DOM
7. 2026-06-08
   days on market $134,899 Active 287 DOM
8. 2026-06-07
   days on market $134,899 Active 286 DOM
9. 2026-06-04
   days on market $134,899 Active 283 DOM
10. 2026-06-03
    days on market $134,899 Active 282 DOM
11. 2026-06-02
    days on market $134,899 Active 281 DOM
12. 2026-06-01
    days on market $134,899 Active 280 DOM
13. 2026-05-31
    days on market $134,899 Active 279 DOM
14. 2026-04-09
    listed $1,599
15. 2026-03-07
    historical $1,599
16. 2025-11-23
    listed $1,599
17. 2025-10-31
    price $134,899 894-char remark

    Show marketing remark (894 chars)

    JUST LISTED! Step into this inviting home that offers COUNTRY LIVING. It features three bedrooms, one and a half bathrooms, and thoughtfully designed to accommodate all of your needs. You will like the warmth of a charming kitchen and generously sized bedrooms. There is plenty of space for relaxation and entertaining. You will also like the serenity of being nestled in THE PRESERVE OF TEXAS and will enjoy nature and the expansive outdoors. This is a tranquil retreat from the hustle and bustle of daily life. This residence has undergone significant enhancements, including foundation repairs, fresh interior paint, upgraded bathrooms, and new carpeting throughout. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

18. 2025-10-31
    historical $1,599

    Show marketing remark (894 chars)

    JUST LISTED! Step into this inviting home that offers COUNTRY LIVING. It features three bedrooms, one and a half bathrooms, and thoughtfully designed to accommodate all of your needs. You will like the warmth of a charming kitchen and generously sized bedrooms. There is plenty of space for relaxation and entertaining. You will also like the serenity of being nestled in THE PRESERVE OF TEXAS and will enjoy nature and the expansive outdoors. This is a tranquil retreat from the hustle and bustle of daily life. This residence has undergone significant enhancements, including foundation repairs, fresh interior paint, upgraded bathrooms, and new carpeting throughout. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

19. 2025-08-26
    listed $1,599
20. 2025-08-25
    listed $144,899 Active 894-char remark

    Show marketing remark (894 chars)

    JUST LISTED! Step into this inviting home that offers COUNTRY LIVING. It features three bedrooms, one and a half bathrooms, and thoughtfully designed to accommodate all of your needs. You will like the warmth of a charming kitchen and generously sized bedrooms. There is plenty of space for relaxation and entertaining. You will also like the serenity of being nestled in THE PRESERVE OF TEXAS and will enjoy nature and the expansive outdoors. This is a tranquil retreat from the hustle and bustle of daily life. This residence has undergone significant enhancements, including foundation repairs, fresh interior paint, upgraded bathrooms, and new carpeting throughout. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

21. 2025-04-17
    historical
22. 2025-02-02
    historical
23. 2024-09-09
    price $164,899
24. 2024-07-17
    price $169,999
25. 2024-04-17
    listed $179,999 Active
26. 2024-02-06
    historical
27. 2023-11-16
    listed
28. 2023-10-12
    historical
29. 2023-02-06
    listed $179,999 Active
30. 2018-09-10
    soldstatus
31. 2006-09-25
    soldstatus
32. 1990-04-21
    soldstatus

ⓘ 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: $389 · $32/mo
• Projected year-2 tax: $2,469 · $206/mo
• Expected delta: +$2,080/yr (+$173/mo · 535.2%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 25 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: $18,527
• − Mortgage interest: −$7,556
• − Property taxes: −$389
• − Insurance: −$5,793
• − Repairs & maintenance: −$1,482
• − Management: −$1,482
• − Depreciation: −$3,924
• Taxable loss: −$2,099
• Est. tax savings @ 24.0%: +$504
• After-tax cash flow: $470/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: Tarkington ISD
• NCES district ID: 4842210
• Math proficiency: 43% ▼ -6.00%
• Reading proficiency: 38% ▼ -4.00%
• Median HH income: $50,895
• Composite: 35.02/100
• National rank: #5044
• State rank: #373 of 826 in TX

Livability — Hardin

• Score: 59/100
• State rank: #1134
• US rank: #20029

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Liberty County · 82,189 people
• City population: 17,208
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 42,685
• Household income: $62,219
• Rent vs Own: 14.4% rent · 85.6% own
• Severe rent burden: 437.0

Population outlook (Liberty County) Hauer SSP2

• Today (2025): 87,956 people
• By 2030: 92,161 · +4.8%
• By 2040: 100,784 · +14.6%
• By 2050: 109,471 · +24.5%
• By 2075: 133,470 · +51.7%
• By 2100: 147,372 · +67.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Hispanic / Latino 54% White 36% Two or more races 18% Black 8% Native American 2%
• Hispanic origin (detail): Mexican 42%
• Common ancestry: Lithuanian 2% Serbian 1% Slovak 0%
• Foreign-born: 22% · Canada
• Languages at home: 51% English-only · Spanish 48%

Political lean MEDSL · Liberty

• 2024 margin: Solid R (+61.6) · D 19.0% · R 80.6%
• 2008→2024 swing: -17.9pp toward R · 2008: -43.7pp · 2024: -61.6pp
• All cycles: 2024: R+61.6 2020: R+59.7 2016: R+58.0 2012: R+53.3 2008: R+43.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -12.39%
• Current HPI: 224.9222
• Rent YoY: ▲ 4.00%
• 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

-99.1% since first listed

19 events — show timeline

• 2026-04-09 Listed for Rent $1,599 HARMLS
• 2026-03-07 Rental Removed $1,599 HARMLS
• 2025-11-23 Listed for Rent $1,599 HARMLS
• 2025-10-31 Price Changed $134,899 HARMLS
• 2025-10-31 Rental Removed $1,599 HARMLS
• 2025-08-26 Listed for Rent $1,599 HARMLS
• 2025-08-25 Listed $144,899 HARMLS
• 2025-04-17 Listing Removed — HARMLS
• 2025-02-02 Rental Removed — HARMLS
• 2024-09-09 Price Changed $164,899 HARMLS
• 2024-07-17 Price Changed $169,999 HARMLS
• 2024-04-17 Listed $179,999 HARMLS
• 2024-02-06 Listing Removed — HARMLS
• 2023-11-16 Listed for Rent — HARMLS
• 2023-10-12 Rental Removed — HARMLS
• 2023-02-06 Listed $179,999 HARMLS
• 2018-09-10 Sold (Public Records) — Public Records
• 2006-09-25 Sold (Public Records) — Public Records
• 1990-04-21 Sold (Public Records) — Public Records

Property tax history

-12.2%/yr

Latest (2025): $389 · -81.0% YoY. Source: county tax records.