217 3rd Ave N · Texas City, TX 77590

$159,700

4 bd · 2.5 ba · 2,040 sqft · SingleFamily public records · 284 Days on market

Built 1964 0.31 ac lot $78/sqft · 24% below area Est $209k · 24% 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 +25.3/30.0
• ARV discount +15.0/15.0
• DSCR +8.3/10.0
• 1% rule +7.2/10.0
• Rent growth +3.7/5.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This house is truly a diamond in the rough. Great layout, Need new finish on wood floors, paint and clean up wood trim around all the windows (there are lots) 6" baseboards. This home could be grand again. A real show stopper. A decorators dream. There nis a lot of square footage in living area on first floor including utility room and half bath, covered porch. There are 4 bedrooms on second floor with 2 full bathrooms. Perfect for with extra large lot for kids, family functions and enjoyment with a garage. A steal for handiman and large families. Loads of potential to bring this older home back to all its charm.

Key facts

• Wide front porch
• Downtown shopping
• Large lot

Tags

• LARGE LOT
• WALKING DISTANCE TO PARKS
• DOWNTOWN SHOPPING
• WIDE FRONT PORCH
• PECAN TREES
• BUILT IN CABINETS

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $294 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $141k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 4.3% in Texas City — 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 62/100 on livability (#907 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D+, schools F, amenities 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 fast (+4.9%/yr); 296 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 3,258 units permitted in Galveston County in 2024 (0 in 5+ unit buildings).
• This rent runs 36% of the median local income ($66k/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.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $45k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 284 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 14y ago; this cycle's ask has dropped $70k (31%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,536 (12.0% below list)

Questions for the listing agent

1. It's been on market 284 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 1964 — 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 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: 1.22% ✓
• Cap rate: 9.00%
• Cash-on-cash: 9.69%
• DSCR: 1.43
• GRM: 6.8

CMA / ARV

• ARV (median comp): $208,837
• List price: $159,700
• Delta: -23.53%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
217 10th Ave N	0.50mi	3/2.5 (-1)	2,087 (+2%)	11mo	$240,000	$115	59
214 9th Ave N	0.47mi	3/1.5 (-1)	2,252 (+10%)	2mo	$229,900	$102	50
30 12th Ave N	0.69mi	4/2.0	1,867 (-8%)	19mo	$135,000	$72	36
18 12th Ave N	0.69mi	3/2.0 (-1)	1,834 (-10%)	13mo	$199,800	$109	33
201 13th Ave N	0.70mi	4/2.0	2,331 (+14%)	22mo	$235,000	$101	24
321 13th Ave N	0.71mi	3/2.0 (-1)	1,757 (-14%)	22mo	$217,000	$124	18

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 · 4.91% rent growth · sell at horizon

5-year hold

• IRR: -1.8%
• Equity multiple: 0.93×
• Total profit: $-3,174
• Equity at exit: $23,812

10-year hold

• IRR: 10.0%
• Equity multiple: 1.85×
• Total profit: $38,215
• Equity at exit: $13,808

Cash invested: $44,716 (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 77590

• Home prices YoY: -19.3%
• Rents YoY: 4.9%
• Active inventory: 296
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,956 medium
• Mortgage (P&I): −$837
• Tax from tax record: −$280 /mo · $3,361/yr
• Insurance: −$67
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$411
• Net cashflow: $294

Break-even live

Break-even rent $1,583

Max offer price $159,700

Occupancy floor 80%

Sensitivity live

Price	-10% $385	-5% $340	+0% $294	+5% $249	+10% $204
Rent	-10% $140	-5% $217	+0% $294	+5% $372	+10% $449
Rate	-1.0pp $375	-0.5pp $335	base $294	+0.5pp $253	+1.0pp $211

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: $39,925
• Closing costs: $4,791
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1137 1st Ave N Texas City, TX	5.0	2.0	1786	$1,775	$0.99	26d	1	0.87mi

Listing history 32 events

1. 2026-06-21
   days on market $159,700 Active 284 DOM
2. 2026-06-18
   days on market $159,700 Active 281 DOM
3. 2026-06-17
   days on market $159,700 Active 280 DOM
4. 2026-06-16
   days on market $159,700 Active 279 DOM
5. 2026-06-15
   days on market $159,700 Active 278 DOM
6. 2026-06-13
   days on market $159,700 Active 276 DOM
7. 2026-06-09
   days on market $159,700 Active 272 DOM
8. 2026-06-08
   days on market $159,700 Active 271 DOM
9. 2026-06-07
   days on market $159,700 Active 270 DOM
10. 2026-06-04
    days on market $159,700 Active 267 DOM
11. 2026-06-03
    days on market $159,700 Active 266 DOM
12. 2026-06-02
    days on market $159,700 Active 265 DOM
13. 2026-06-01
    days on market $159,700 Active 264 DOM
14. 2026-05-31
    days on market $159,700 Active 263 DOM
15. 2026-05-12
    price $159,700 625-char remark

    Show marketing remark (625 chars)

    This house is truly a diamond in the rough. Great layout, Need new finish on wood floors, paint and clean up wood trim around all the windows (there are lots) 6" baseboards. This home could be grand again. A real show stopper. A decorators dream. There nis a lot of square footage in living area on first floor including utility room and half bath, covered porch. There are 4 bedrooms on second floor with 2 full bathrooms. Perfect for with extra large lot for kids, family functions and enjoyment with a garage. A steal for handiman and large families. Loads of potential to bring this older home back to all its charm.

16. 2026-03-26
    price $169,700 625-char remark

    Show marketing remark (625 chars)

    This house is truly a diamond in the rough. Great layout, Need new finish on wood floors, paint and clean up wood trim around all the windows (there are lots) 6" baseboards. This home could be grand again. A real show stopper. A decorators dream. There nis a lot of square footage in living area on first floor including utility room and half bath, covered porch. There are 4 bedrooms on second floor with 2 full bathrooms. Perfect for with extra large lot for kids, family functions and enjoyment with a garage. A steal for handiman and large families. Loads of potential to bring this older home back to all its charm.

17. 2026-03-02
    price $179,700 625-char remark

    Show marketing remark (625 chars)

    This house is truly a diamond in the rough. Great layout, Need new finish on wood floors, paint and clean up wood trim around all the windows (there are lots) 6" baseboards. This home could be grand again. A real show stopper. A decorators dream. There nis a lot of square footage in living area on first floor including utility room and half bath, covered porch. There are 4 bedrooms on second floor with 2 full bathrooms. Perfect for with extra large lot for kids, family functions and enjoyment with a garage. A steal for handiman and large families. Loads of potential to bring this older home back to all its charm.

18. 2026-01-15
    price $189,700 625-char remark

    Show marketing remark (625 chars)

    This house is truly a diamond in the rough. Great layout, Need new finish on wood floors, paint and clean up wood trim around all the windows (there are lots) 6" baseboards. This home could be grand again. A real show stopper. A decorators dream. There nis a lot of square footage in living area on first floor including utility room and half bath, covered porch. There are 4 bedrooms on second floor with 2 full bathrooms. Perfect for with extra large lot for kids, family functions and enjoyment with a garage. A steal for handiman and large families. Loads of potential to bring this older home back to all its charm.

19. 2026-01-03
    status Active 625-char remark

    Show marketing remark (625 chars)

    This house is truly a diamond in the rough. Great layout, Need new finish on wood floors, paint and clean up wood trim around all the windows (there are lots) 6" baseboards. This home could be grand again. A real show stopper. A decorators dream. There nis a lot of square footage in living area on first floor including utility room and half bath, covered porch. There are 4 bedrooms on second floor with 2 full bathrooms. Perfect for with extra large lot for kids, family functions and enjoyment with a garage. A steal for handiman and large families. Loads of potential to bring this older home back to all its charm.

20. 2025-12-31
    historical 625-char remark

    Show marketing remark (625 chars)

    This house is truly a diamond in the rough. Great layout, Need new finish on wood floors, paint and clean up wood trim around all the windows (there are lots) 6" baseboards. This home could be grand again. A real show stopper. A decorators dream. There nis a lot of square footage in living area on first floor including utility room and half bath, covered porch. There are 4 bedrooms on second floor with 2 full bathrooms. Perfect for with extra large lot for kids, family functions and enjoyment with a garage. A steal for handiman and large families. Loads of potential to bring this older home back to all its charm.

21. 2025-10-24
    price $199,700 625-char remark

    Show marketing remark (625 chars)

    This house is truly a diamond in the rough. Great layout, Need new finish on wood floors, paint and clean up wood trim around all the windows (there are lots) 6" baseboards. This home could be grand again. A real show stopper. A decorators dream. There nis a lot of square footage in living area on first floor including utility room and half bath, covered porch. There are 4 bedrooms on second floor with 2 full bathrooms. Perfect for with extra large lot for kids, family functions and enjoyment with a garage. A steal for handiman and large families. Loads of potential to bring this older home back to all its charm.

22. 2025-09-07
    listed $230,000 Active 625-char remark

    Show marketing remark (625 chars)

    This house is truly a diamond in the rough. Great layout, Need new finish on wood floors, paint and clean up wood trim around all the windows (there are lots) 6" baseboards. This home could be grand again. A real show stopper. A decorators dream. There nis a lot of square footage in living area on first floor including utility room and half bath, covered porch. There are 4 bedrooms on second floor with 2 full bathrooms. Perfect for with extra large lot for kids, family functions and enjoyment with a garage. A steal for handiman and large families. Loads of potential to bring this older home back to all its charm.

23. 2022-07-18
    soldstatus
24. 2022-07-12
    soldstatus Sold 430-char remark

    Show marketing remark (430 chars)

    Beautiful 4 bedroom, 2 full & 1 half bath home in Texas City. Charming front porch! Home sits on a large homesite with storage shed. Plenty of natural lighting throughout home! Gorgeous hardwoods! Built-in cabinets & storage spaces! Kitchen has ample cabinet space. Hardwood stairs. Contemporary paint colors, lighted ceiling fans, window with blinds, great closet spaces, replaced doors & more! A must see home!

25. 2022-04-20
    status Pending 430-char remark

    Show marketing remark (430 chars)

    Beautiful 4 bedroom, 2 full & 1 half bath home in Texas City. Charming front porch! Home sits on a large homesite with storage shed. Plenty of natural lighting throughout home! Gorgeous hardwoods! Built-in cabinets & storage spaces! Kitchen has ample cabinet space. Hardwood stairs. Contemporary paint colors, lighted ceiling fans, window with blinds, great closet spaces, replaced doors & more! A must see home!

26. 2022-04-11
    status Option Pending 430-char remark

    Show marketing remark (430 chars)

    Beautiful 4 bedroom, 2 full & 1 half bath home in Texas City. Charming front porch! Home sits on a large homesite with storage shed. Plenty of natural lighting throughout home! Gorgeous hardwoods! Built-in cabinets & storage spaces! Kitchen has ample cabinet space. Hardwood stairs. Contemporary paint colors, lighted ceiling fans, window with blinds, great closet spaces, replaced doors & more! A must see home!

27. 2022-04-01
    listed $219,900 Active 430-char remark

    Show marketing remark (430 chars)

    Beautiful 4 bedroom, 2 full & 1 half bath home in Texas City. Charming front porch! Home sits on a large homesite with storage shed. Plenty of natural lighting throughout home! Gorgeous hardwoods! Built-in cabinets & storage spaces! Kitchen has ample cabinet space. Hardwood stairs. Contemporary paint colors, lighted ceiling fans, window with blinds, great closet spaces, replaced doors & more! A must see home!

28. 2022-02-07
    price $1,750
29. 2012-12-31
    historical
30. 2012-05-11
    listed $99,999
31. 2012-04-13
    historical
32. 2012-01-24
    listed $114,900

ⓘ 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: $3,361 · $280/mo
• Projected year-2 tax: $3,361 · $280/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 8/10 Severe FEMA zone X · 60% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,469
• − Mortgage interest: −$8,946
• − Property taxes: −$3,361
• − Insurance: −$1,596
• − Repairs & maintenance: −$1,878
• − Management: −$1,878
• − Depreciation: −$4,646
• Taxable income: $1,165
• Est. tax owed @ 24.0%: −$280
• After-tax cash flow: $3,254/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 — Texas City

• Score: 62/100
• State rank: #907
• US rank: #16268

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Texas City, TX
• County: Galveston County · 357,330 people
• City population: 49,936
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 31,642
• Household income: $65,801
• Rent vs Own: 47.6% rent · 52.4% own
• Severe rent burden: 1821.0

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: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 41% Hispanic / Latino 38% Two or more races 20% Black 17% Asian 2%
• Hispanic origin (detail): Mexican 33% Puerto Rican 1%
• Common ancestry: Lithuanian 2% Slovak 1% Italian 1%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 72% English-only · Spanish 26% Other Indo-European 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: ▼ -58.35%
• Current HPI: 244.5809
• Rent YoY: ▲ 4.91%
• 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

+39.0% since first listed

18 events — show timeline

• 2026-05-12 Price Changed $159,700 HARMLS
• 2026-03-26 Price Changed $169,700 HARMLS
• 2026-03-02 Price Changed $179,700 HARMLS
• 2026-01-15 Price Changed $189,700 HARMLS
• 2026-01-03 Relisted — HARMLS
• 2025-12-31 Listing Removed — HARMLS
• 2025-10-24 Price Changed $199,700 HARMLS
• 2025-09-07 Listed $230,000 HARMLS
• 2022-07-18 Sold (Public Records) — Public Records
• 2022-07-12 Sold (MLS) — HARMLS
• 2022-04-20 Pending — HARMLS
• 2022-04-11 Pending — HARMLS
• 2022-04-01 Listed $219,900 HARMLS
• 2022-02-07 Price Changed $1,750 RENT.
• 2012-12-31 Listing Removed — HARMLS
• 2012-05-11 Listed $99,999 HARMLS
• 2012-04-13 Listing Removed — HARMLS
• 2012-01-24 Listed $114,900 HARMLS

Property tax history

+10.3%/yr

Latest (2025): $3,361 · +11.6% YoY. Source: county tax records.