7011 Anderson St · Texas City, TX 77591

$80,000

3 bd · 1.0 ba · 1,176 sqft · SingleFamily public records · 81 Days on market

Built 1965 5,196 sqft lot $68/sqft · 49% below area Est $156k · 49% under ↓ 51% 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
• 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 3 bedroom 1 bath cottage has central air and heat, and appears to have had some recent updates. It features a very livable layout, with a roomy eat-in kitcen and a flex room that could be an office or hobby area. The fenced back yard is large and has a patio for outdoor living. This is a HomePath property.

Key facts

• Fenced back yard
• Eat-in kitchen
• Flex room

Tags

• CENTRAL AIR
• FENCED BACK YARD
• PATIO
• EAT-IN KITCHEN
• FLEX ROOM

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $503 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $75k (6.0% below list) — sets the bar for market timing.
• Cap rate 13.8% 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 (+4.7%/yr); 240 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 3,258 units permitted in Galveston County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $553 of loan paydown is wiped out by about $2k 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 + 4.7% rent growth), your $22k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 81 days — a 6% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.4% of price.
• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $75,200 (6.0% below list)

Questions for the listing agent

1. It's been on market 81 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.87% ✓
• Cap rate: 13.83%
• Cash-on-cash: 26.92%
• DSCR: 2.20
• GRM: 4.5

CMA / ARV

• ARV (median comp): $155,779
• List price: $80,000
• Delta: -48.65%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7011 Anderson St	0.00mi	3/1.0	1,176 (0%)	1mo	$80,000	$68	99
106 N Texas St	0.15mi	3/1.0	1,083 (-8%)	2mo	$120,000	$111	78
7211 Mockingbird Ln	0.12mi	3/1.5	1,300 (+10%)	2mo	$187,600	$144	73
7305 Carver Ave	0.27mi	3/2.0	1,242 (+6%)	6mo	$189,900	$153	69
331 N Texas St	0.05mi	3/2.0	1,034 (-12%)	8mo	$129,000	$125	67
110 N Texas St	0.14mi	2/2.0 (-1)	1,327 (+13%)	1mo	$162,250	$122	62
6118 Anderson	0.54mi	3/1.0	1,117 (-5%)	5mo	$149,678	$134	62
7214 Whippoorwill Ln	0.32mi	4/2.0 (+1)	1,292 (+10%)	2mo	$128,000	$99	58
111 S Fulton St	0.26mi	2/2.0 (-1)	1,327 (+13%)	2mo	$175,000	$132	56
118 Brown St	0.66mi	3/1.0	1,275 (+8%)	1mo	$205,000	$161	54
6101 Diamond Ct	0.57mi	2/2.0 (-1)	1,278 (+9%)	5mo	$155,000	$121	46
3029 Taylor St	0.73mi	3/1.0	1,330 (+13%)	1mo	$135,000	$102	43

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 · 4.67% rent growth · sell at horizon

5-year hold

• IRR: 23.0%
• Equity multiple: 1.97×
• Total profit: $21,702
• Equity at exit: $11,928

10-year hold

• IRR: 32.2%
• Equity multiple: 4.19×
• Total profit: $71,384
• Equity at exit: $6,917

Cash invested: $22,400 (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 77591

• Home prices YoY: -5.6%
• Rents YoY: 4.7%
• Active inventory: 240
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,498 high
• Mortgage (P&I): −$420
• Tax from tax record: −$228 /mo · $2,734/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$315
• Net cashflow: $503

Break-even live

Break-even rent $862

Max offer price $80,000

Occupancy floor 61%

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6607 Memorial Dr Texas City, TX	2.0	1.0	936	$1,200	$1.28	44d	1	0.38mi
7510 Hummingbird Ln Texas City, TX	3.0	1.5	1200	$1,550	$1.29	3d	1	0.42mi
7561 Medical Center Dr Texas City, TX	2.0	2.0	892	$1,113	$1.25	44d	1	0.71mi
619 N Vionett Ln Texas City, TX	3.0	2.0	1204	$1,550	$1.29	5d	1	0.77mi
309 S Bell Dr Texas City, TX	2.0	2.0	1316	$1,650	$1.25	44d	1	0.81mi
306 Lake Rd Unit B La Marque, TX	2.0	1.0	816	$995	$1.22	44d	1	0.93mi
2328 Boss St La Marque, TX	2.0	1.0	848	$925	$1.09	12d	2	1.05mi
1006 E Camp Cir La Marque, TX	3.0	1.0	1230	$1,500	$1.22	24d	1	1.17mi
203 Beatrice St La Marque, TX	3.0	1.0	1304	$1,395	$1.07	24d	1	1.18mi
1013 Margot St La Marque, TX	3.0	2.0	1099	$1,500	$1.36	19d	1	1.25mi
9001 Glacier Ave Texas City, TX	2.0	2.0	1062	$1,180	$1.11	15d	4	1.35mi

Listing history 20 events

1. 2026-05-14
   status Pending 312-char remark

   Show marketing remark (312 chars)

   This 3 bedroom 1 bath cottage has central air and heat, and appears to have had some recent updates. It features a very livable layout, with a roomy eat-in kitcen and a flex room that could be an office or hobby area. The fenced back yard is large and has a patio for outdoor living. This is a HomePath property.

2. 2026-04-11
   price $80,000 312-char remark

   Show marketing remark (312 chars)

   This 3 bedroom 1 bath cottage has central air and heat, and appears to have had some recent updates. It features a very livable layout, with a roomy eat-in kitcen and a flex room that could be an office or hobby area. The fenced back yard is large and has a patio for outdoor living. This is a HomePath property.

3. 2026-03-15
   price $82,500 312-char remark

   Show marketing remark (312 chars)

   This 3 bedroom 1 bath cottage has central air and heat, and appears to have had some recent updates. It features a very livable layout, with a roomy eat-in kitcen and a flex room that could be an office or hobby area. The fenced back yard is large and has a patio for outdoor living. This is a HomePath property.

4. 2026-02-22
   listed $85,000 Active 312-char remark

   Show marketing remark (312 chars)

   This 3 bedroom 1 bath cottage has central air and heat, and appears to have had some recent updates. It features a very livable layout, with a roomy eat-in kitcen and a flex room that could be an office or hobby area. The fenced back yard is large and has a patio for outdoor living. This is a HomePath property.

5. 2025-09-10
   historical
6. 2025-01-15
   price $135,000
7. 2024-11-20
   price $139,900
8. 2024-10-24
   price $144,900
9. 2024-06-20
   price $149,900
10. 2024-05-22
    price $159,900
11. 2024-04-30
    price $164,900
12. 2024-04-01
    price $169,000
13. 2024-01-31
    listed $175,000 Active
14. 2022-11-06
    historical
15. 2022-10-05
    price $157,000
16. 2022-09-05
    listed $164,900 Active
17. 2022-06-10
    soldstatus
18. 2022-05-20
    soldstatus
19. 2016-11-18
    soldstatus
20. 2016-09-01
    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: $2,734 · $228/mo
• Projected year-2 tax: $2,734 · $228/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 5/10 Major FEMA zone X (shaded) · 26% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥110°F today · 28 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: $17,973
• − Mortgage interest: −$4,481
• − Property taxes: −$2,734
• − Insurance: −$400
• − Repairs & maintenance: −$1,438
• − Management: −$1,438
• − Depreciation: −$2,327
• Taxable income: $5,155
• Est. tax owed @ 24.0%: −$1,237
• After-tax cash flow: $4,793/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): 18,294
• Household income: $68,593
• Rent vs Own: 44.6% rent · 55.4% own
• Severe rent burden: 718.0

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 0.65)
• Race & ethnicity: Black 50% White 26% Hispanic / Latino 19% Two or more races 9% Asian 2%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Lithuanian 2% Romanian 1% Slovak 1%
• Foreign-born: 7% · Canada, China
• Languages at home: 88% English-only · Spanish 9% Other Indo-European 1% Chinese 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: ▼ -14.63%
• Current HPI: 247.1905
• Rent YoY: ▲ 4.67%
• 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

-51.5% since first listed

20 events — show timeline

• 2026-05-14 Pending — HARMLS
• 2026-04-11 Price Changed $80,000 HARMLS
• 2026-03-15 Price Changed $82,500 HARMLS
• 2026-02-22 Listed $85,000 HARMLS
• 2025-09-10 Listing Removed — HARMLS
• 2025-01-15 Price Changed $135,000 HARMLS
• 2024-11-20 Price Changed $139,900 HARMLS
• 2024-10-24 Price Changed $144,900 HARMLS
• 2024-06-20 Price Changed $149,900 HARMLS
• 2024-05-22 Price Changed $159,900 HARMLS
• 2024-04-30 Price Changed $164,900 HARMLS
• 2024-04-01 Price Changed $169,000 HARMLS
• 2024-01-31 Listed $175,000 HARMLS
• 2022-11-06 Listing Removed — HARMLS
• 2022-10-05 Price Changed $157,000 HARMLS
• 2022-09-05 Listed $164,900 HARMLS
• 2022-06-10 Sold (Public Records) — Public Records
• 2022-05-20 Sold (Public Records) — Public Records
• 2016-11-18 Sold (Public Records) — Public Records
• 2016-09-01 Sold (Public Records) — Public Records

Property tax history

+15.0%/yr

Latest (2025): $2,734 · +12.2% YoY. Source: county tax records.