4711 3rd St · Bacliff, TX 77518

$242,499

None bd · 1.0 ba · 1,456 sqft · MultiFamily public records · 518 Days on market

Built 1950 6,875 sqft lot $167/sqft · 89% above area

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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 +28.5/30.0
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• ARV discount +7.5/15.0
• Schools +3.5/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

GREAT 3 UNIT INVESTMENT IN BACLIFF! The front unit has 2 bedroom and 1 bath. Back unit has 1 bedroom and 1 bath. And the garage unit has 1 bedroom, and 1 bath. Property will have a new roof. This property is located CLOSE TO THE BAY! This property has great potential with the potential monthly rents being: Front Unit at $1,295; Back Unit at $999; Garage Unit at $999. 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

• Close to the bay
• New roof
• 6,875 sq ft lot

Tags

• NEW ROOF
• CLOSE TO THE BAY

What this means for you Summary

Snapshot

• This is a ?-bed/1.0-bath multifamily listed at $242k.

Deal economics

• At list price, monthly cash flow is $725 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $242k).
• Recommended offer: $213k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.2% vs local median 5.0% in Bacliff — 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 57/100 on livability (#1,252 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: employment D+, crime D, schools F.
• Dickinson ISD (suburban): math 39% / reading 40% proficiency, ranked #366 of 826 in TX (top 44%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 62 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); 3,258 units permitted in Galveston County in 2024 (0 in 5+ unit buildings).
• At $3,375/mo this rent would consume 79% of the median local household income ($51k/yr) (locally 672% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 + 3.0% rent growth), your $68k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 518 days — a 12% lower offer ($213k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 17y ago 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 $66/mo; built in 1950 — 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 $213,399 (12.0% below list)

Questions for the listing agent

1. It's been on market 518 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 1950 — 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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.39% ✓
• Cap rate: 10.21%
• Cash-on-cash: 13.99%
• DSCR: 1.62
• GRM: 6.0

CMA / ARV

• ARV (median comp): $128,453
• List price: $242,499
• Delta: 88.78%
• Verdict: OVERPRICED
• Comps: 3 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 2.7%
• Equity multiple: 1.10×
• Total profit: $7,111
• Equity at exit: $36,157

10-year hold

• IRR: 12.4%
• Equity multiple: 1.98×
• Total profit: $66,542
• Equity at exit: $20,967

Cash invested: $67,900 (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 77518

• Home prices YoY: -7.6%
• Active inventory: 62
• Price-to-rent: 16.4×

Monthly cashflow live

• Estimated rent: $3,375 medium
• Mortgage (P&I): −$1,272
• Tax from tax record: −$502 /mo · $6,022/yr
• Insurance: −$101
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$709
• Net cashflow: $725

Break-even live

Break-even rent $2,457

Max offer price $242,499

Occupancy floor 74%

Sensitivity live

Price	-10% $863	-5% $794	+0% $725	+5% $657	+10% $588
Rent	-10% $459	-5% $592	+0% $725	+5% $859	+10% $992
Rate	-1.0pp $847	-0.5pp $787	base $725	+0.5pp $662	+1.0pp $599

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
1× unit	2	1	$1,229
▸ 2× units	1	1	$2,146
Total (3 units)			$3,375

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: $60,625
• Closing costs: $7,275
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5139 Misty Ln Bacliff, TX	3.0	2.0	1794	$1,970	$1.10	11d	1	0.47mi
339 Sea Breeze Dr Bacliff, TX	3.0	2.5	1456	$1,985	$1.36	4d	1	0.49mi
5223 Gulf Stream Ln Bacliff, TX	3.0	2.5	1778	$2,080	$1.17	11d	1	0.58mi
1118 Chase Park Dr Bacliff, TX	3.0	2.0	1854	$2,086	$1.13	6d	1	0.97mi
2735 Broadway St Unit 1546437P San Leon, TX	3.0	2.0	1819	$4,994	$2.75	13d	1	1.47mi

Listing history 27 events

1. 2026-06-21
   days on market $242,499 Active 518 DOM
2. 2026-06-18
   days on market $242,499 Active 515 DOM
3. 2026-06-17
   days on market $242,499 Active 514 DOM
4. 2026-06-16
   days on market $242,499 Active 513 DOM
5. 2026-06-15
   days on market $242,499 Active 512 DOM
6. 2026-06-13
   days on market $242,499 Active 510 DOM
7. 2026-06-09
   days on market $242,499 Active 506 DOM
8. 2026-06-08
   days on market $242,499 Active 505 DOM
9. 2026-06-07
   days on market $242,499 Active 504 DOM
10. 2026-06-04
    days on market $242,499 Active 501 DOM
11. 2026-06-03
    days on market $242,499 Active 500 DOM
12. 2026-06-02
    days on market $242,499 Active 499 DOM
13. 2026-06-02
    days on market $242,499 Active 498 DOM
14. 2026-05-31
    days on market $242,499 Active 497 DOM
15. 2025-01-19
    listed $242,499 Active 594-char remark

    Show marketing remark (594 chars)

    GREAT 3 UNIT INVESTMENT IN BACLIFF! The front unit has 2 bedroom and 1 bath. Back unit has 1 bedroom and 1 bath. And the garage unit has 1 bedroom, and 1 bath. Property will have a new roof. This property is located CLOSE TO THE BAY! This property has great potential with the potential monthly rents being: Front Unit at $1,295; Back Unit at $999; Garage Unit at $999. 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.

16. 2022-06-27
    historical
17. 2022-06-16
    status Active
18. 2022-06-03
    status Pending
19. 2022-03-25
    price $95,000
20. 2021-08-26
    listed $100,000 Active
21. 2021-06-29
    soldstatus
22. 2017-08-07
    soldstatus
23. 2017-05-22
    soldstatus
24. 2010-03-01
    historical
25. 2009-06-27
    listed $119,500
26. 2008-04-14
    soldstatus
27. 2001-02-22
    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: $6,022 · $502/mo
• Projected year-2 tax: $6,022 · $502/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 (shaded) · 77% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 26 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $40,500
• − Mortgage interest: −$13,584
• − Property taxes: −$6,022
• − Insurance: −$2,010
• − Repairs & maintenance: −$3,240
• − Management: −$3,240
• − Depreciation: −$7,055
• Taxable income: $5,350
• Est. tax owed @ 24.0%: −$1,284
• After-tax cash flow: $7,419/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: Dickinson ISD
• NCES district ID: 4817070
• Math proficiency: 39% ▼ -11.00%
• Reading proficiency: 40% ▼ -2.00%
• Median HH income: $61,318
• Composite: 35.16/100
• National rank: #5005
• State rank: #366 of 826 in TX

Livability — Bacliff

• Score: 57/100
• State rank: #1252
• US rank: #21864

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bacliff, TX
• County: Galveston County · 357,330 people
• City population: 9,541
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 9,541
• Household income: $51,458
• Rent vs Own: 38.2% rent · 61.8% own
• Severe rent burden: 672.0

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 0.60)
• Race & ethnicity: Hispanic / Latino 46% White 43% Two or more races 21% Black 7% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 31%
• Common ancestry: Slovak 3% Lithuanian 2% Romanian 1%
• Foreign-born: 15% · Canada, Vietnam, China
• Languages at home: 66% English-only · Spanish 32% Vietnamese 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: ▼ -24.15%
• Current HPI: 293.2677
• Rent YoY: —
• 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

+102.9% since first listed

13 events — show timeline

• 2025-01-19 Listed $242,499 HARMLS
• 2022-06-27 Listing Removed — HARMLS
• 2022-06-16 Relisted — HARMLS
• 2022-06-03 Pending — HARMLS
• 2022-03-25 Price Changed $95,000 HARMLS
• 2021-08-26 Listed $100,000 HARMLS
• 2021-06-29 Sold (Public Records) — Public Records
• 2017-08-07 Sold (Public Records) — Public Records
• 2017-05-22 Sold (Public Records) — Public Records
• 2010-03-01 Listing Removed — HARMLS
• 2009-06-27 Listed $119,500 HARMLS
• 2008-04-14 Sold (Public Records) — Public Records
• 2001-02-22 Sold (Public Records) — Public Records

Property tax history

+12.3%/yr

Latest (2025): $6,022 · +21.5% YoY. Source: county tax records.