3006 Floating Barque Dr · Santa Fe, TX 77510

$330,000

4 bd · 2.0 ba · 2,185 sqft · SingleFamily public records · 90 Days on market

Built 2024 Good condition 7,801 sqft lot Garage $151/sqft · at area comps Est $341k · at est. $117/mo HOA · 4% of rent ↓ 2% since listing

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Why this score? — see what drove the F 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).

• ARV discount +9.0/15.0
• Cash flow +5.5/30.0
• Condition / age +4.0/5.0
• 1% rule +3.8/10.0
• Schools +3.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This impeccable, new construction home is the Dockery plan by LGI Homes, located in the beautiful community of Lago Mar. This spacious home includes a chef-ready kitchen with polished granite countertops, white wood cabinetry and stainless-steel Whirlpool brand appliances, including a fridge with an ice maker and water dispenser. The master suite showcases two large windows, a walk-in shower, a soaking tub and a walk-in closet. In addition to well-crafted homes, Lago Mar offers its residents incredible on-site amenities, including a 12-acre Crystal Lagoon, a playground, and a splash pad.

Key facts

• Open-concept design
• Large kitchen island
• Covered patio

Tags

• OPEN-CONCEPT DESIGN
• LARGE KITCHEN ISLAND
• PRIVATE PRIMARY SUITE
• COVERED PATIO
• FLEXIBLE LIVING SPACES
• VERSATILE FORMAL DINING ROOM

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $330k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-697 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $240k (27.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $290k (12.2% below list).
• Recommended offer: $240k (27.3% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 67/100 on livability (#550 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety 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.
• Zoned schools: Hughes Road El (math 36% / reading 31%, grade F, #2,174 of 4,322 statewide, top 51%, 707 students, 67% FRL); Elva C Lobit Middle (math 31% / reading 27%, grade F, #1,103 of 1,662 statewide, top 67%, 582 students, 52% FRL); Dickinson H S (math 30% / reading 46%, grade F, #880 of 1,632 statewide, top 54%, 3,619 students, 64% FRL) — zoned schools at 61% FRL track the district average.
• Market conditions: 458 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals lingering (median 70d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,258 units permitted in Galveston County in 2024 (0 in 5+ unit buildings).
• This rent runs 36% of the median local income ($96k/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 $2k of loan paydown is wiped out by about $10k 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.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($310k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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: property tax is 3.6% of price.
• Climate carrying-cost: 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 $239,925 (27.3% 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 90 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.88% ✗
• Cap rate: 3.76%
• Cash-on-cash: -9.05%
• DSCR: 0.60
• GRM: 9.5

CMA / ARV

• ARV (median comp): $341,434
• List price: $330,000
• Delta: -3.35%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
13717 Blue Breaker Dr	0.08mi	4/2.0	2,188 (+0%)	0mo	$380,900	$174	96
2901 Fair Wind Ln	0.09mi	4/2.0	2,160 (-1%)	1mo	$380,000	$176	93
14315 Freeboard Dr	0.19mi	4/2.5	2,198 (+1%)	0mo	$349,900	$159	88
14021 Baikal Manor Dr	0.35mi	4/3.0	2,196 (+0%)	2mo	$334,990	$153	77
14005 Baikal Manor Dr	0.39mi	4/3.0	2,196 (+0%)	2mo	$354,990	$162	76
13913 Baikal Manor Dr	0.43mi	4/2.0	2,144 (-2%)	2mo	$339,990	$159	76
2909 Fair Wind Ln	0.09mi	4/3.5	2,415 (+10%)	0mo	$411,900	$171	72
13124 Pinnacle Beach Dr	0.70mi	4/3.0	2,229 (+2%)	1mo	$332,990	$149	59
13123 Pinnacle Beach Dr	0.71mi	4/2.0	2,081 (-5%)	1mo	$317,990	$153	58
13921 Baikal Manor Dr	0.41mi	4/2.0	1,872 (-14%)	1mo	$329,990	$176	56
14507 Lunan Dr	0.47mi	3/2.0 (-1)	1,915 (-12%)	2mo	$336,936	$176	51
13914 Seneca Lake Dr	0.64mi	3/2.0 (-1)	1,901 (-13%)	0mo	$289,900	$152	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -32.1%
• Equity multiple: -0.05×
• Total profit: $-97,394
• Equity at exit: $49,204

10-year hold

• IRR: -35.9%
• Equity multiple: -0.52×
• Total profit: $-140,041
• Equity at exit: $28,532

Cash invested: $92,400 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 257 active · 120 under contract
• Months of supply: 16.2 mo (6%/mo absorbed)
• Median asking: $350,990 ($164/sqft)
• Median days on market: 68 d
• This list price: 29% of active listings are priced below it
• ARV vs active asking: -5.0% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 77510

• Home prices YoY: -15.3%
• Active inventory: 458
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,896 high
• Mortgage (P&I): −$1,731
• Tax from tax record: −$1,000 /mo · $11,996/yr
• Insurance: −$138
• HOA: −$117
• Vacancy / Maint / Mgmt: −$608
• Net cashflow: $-697

Break-even live

Break-even rent $3,778

Max offer price $239,925

Occupancy floor —

Sensitivity live

Price	-10% $-510	-5% $-604	+0% $-697	+5% $-790	+10% $-884
Rent	-10% $-926	-5% $-811	+0% $-697	+5% $-583	+10% $-468
Rate	-1.0pp $-531	-0.5pp $-613	base $-697	+0.5pp $-783	+1.0pp $-870

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: $82,500
• Closing costs: $9,900
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13817 Starboard Reach Dr Texas City, TX	3.0–4.0	2.0–3.5	2268	$3,630	$1.60	0d	1	0.08mi
3114 Freeboard Dr Texas City, TX	4.0	3.0	2258	$3,000	$1.33	0d	1	0.14mi
14403 Daniel Shores Dr Texas City, TX	4.0	3.5	1832	$2,650	$1.45	0d	1	0.64mi
2128 Port Jackson Dr La Marque, TX	3.0	2.0	1754	$2,200	$1.25	134d	1	0.65mi
2122 Islawild Way Texas City, TX	3.0	2.0	1848	$2,100	$1.14	0d	1	0.87mi
13322 Sea Breeze Dr Texas City, TX	4.0	2.0	2051	$2,595	$1.27	34d	1	0.87mi
2600 Golden Palms Ln La Marque, TX	4.0	3.0	2411	$3,200	$1.33	109d	1	0.88mi
13017 Oleander Bay Ln Texas City, TX	5.0	3.5	2959	$2,850	$0.96	5d	1	0.93mi
13025 Dancing Reed Dr Texas City, TX	4.0	2.5	2100	$2,695	$1.28	43d	1	1.16mi
2602 Arbor Edge Xing Texas City, TX	4.0	3.0	2204	$2,700	$1.23	0d	1	1.21mi
6130 Lago Mar Blvd Texas City, TX	1.0–3.0	1.0–2.0	1066	$2,199	$2.06	0d	2	1.28mi
612 Totem Trail Dr La Marque, TX	4.0	2.0	1844	$2,189	$1.19	9d	1	1.37mi
628 Totem Trail Dr La Marque, TX	3.0	2.0	1414	$1,949	$1.38	91d	1	1.39mi
333 Summer Horse Dr La Marque, TX	4.0	2.0	1844	$2,209	$1.20	91d	1	1.40mi
12524 Jetty Cv Santa Fe, TX	3.0	2.0	1803	$2,506	$1.39	163d	1	1.40mi
421 Palomino Stand Dr La Marque, TX	4.0	2.5	2134	$2,329	$1.09	104d	1	1.41mi
640 Totem Trail Dr La Marque, TX	4.0	2.5	2134	$2,269	$1.06	99d	1	1.41mi
417 Palomino Stand Dr La Marque, TX	4.0	2.0	1844	$2,159	$1.17	50d	1	1.42mi
301 Summer Horse Dr La Marque, TX	4.0	2.5	2134	$2,229	$1.04	69d	1	1.47mi
725 Totem Trail Dr La Marque, TX	3.0–4.0	2.0–2.5	1774	$2,211	$1.25	0d	1	1.49mi
692 Totem Trail Dr La Marque, TX	4.0	2.5	2134	$2,329	$1.09	121d	1	1.49mi
725 Totem Trail Dr La Marque, TX	3.0	2.0	1414	$1,949	$1.38	78d	1	1.49mi
801 Painted Bison Dr La Marque, TX	3.0	2.0	1414	$1,969	$1.39	86d	1	1.49mi
520 Red Dusk Paint Dr La Marque, TX	4.0	2.5	2134	$2,249	$1.05	80d	1	1.50mi

Property features AI

Finance

• HOA & community: HOA managed by Principle Management GroupAnnual association fee of $1,404Association covers clubhouse, common areas, and recreation facilitiesCommunity pool

Exterior

• Parking: Attached garage (2 spaces)
• Utilities: Public waterAsphalt road access
• Home design: Residential propertySlab foundationBuilt in 2024Composition roof
• Construction: Brick construction
• Exterior features: Covered patioPatioDeckFence at back yardStorage shed(s)

Interior

• Bedrooms: Primary bedroom on the first floor (15 x 15)Bedroom on the first floor (13 x 13)Bedroom on the first floor (13 x 13)Bedroom on the first floor (12 x 12)
• Flooring: CarpetLaminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central gas heatingCentral electric air conditioning
• Interior features: Breakfast barDouble vanity

HOA detail $117/mo · $1,404/yr

• Likely covers: watercablepool

Listing history 50 events

1. 2026-11-08
   days on market $330,000 Active 90 DOM
2. 2026-11-07
   days on market $330,000 Active 89 DOM
3. 2026-11-06
   days on market $330,000 Active 88 DOM
4. 2026-11-05
   days on market $330,000 Active 87 DOM
5. 2026-11-04
   days on market $330,000 Active 86 DOM
6. 2026-11-02
   days on market $330,000 Active 84 DOM
7. 2026-11-01
   days on market $330,000 Active 83 DOM
8. 2026-10-31
   days on market $330,000 Active 82 DOM
9. 2026-10-30
   days on market $330,000 Active 81 DOM
10. 2026-10-29
    days on market $330,000 Active 80 DOM
11. 2026-10-28
    days on market $330,000 Active 79 DOM
12. 2026-10-27
    days on market $330,000 Active 78 DOM
13. 2026-10-26
    days on market $330,000 Active 77 DOM
14. 2026-10-26
    days on market $330,000 Active 76 DOM
15. 2026-10-24
    days on market $330,000 Active 75 DOM
16. 2026-10-23
    days on market $330,000 Active 74 DOM
17. 2026-10-22
    days on market $330,000 Active 73 DOM
18. 2026-10-21
    days on market $330,000 Active 72 DOM
19. 2026-10-20
    days on market $330,000 Active 71 DOM
20. 2026-10-19
    days on market $330,000 Active 70 DOM
21. 2026-10-18
    days on market $330,000 Active 69 DOM
22. 2026-10-17
    days on market $330,000 Active 68 DOM
23. 2026-10-16
    days on market $330,000 Active 67 DOM
24. 2026-10-15
    days on market $330,000 Active 66 DOM
25. 2026-10-14
    days on market $330,000 Active 65 DOM
26. 2026-10-13
    price $330,000 Active 64 DOM
27. 2026-10-13
    days on market $333,000 Active 64 DOM
28. 2026-10-12
    days on market $333,000 Active 63 DOM
29. 2026-10-11
    days on market $333,000 Active 62 DOM
30. 2026-10-10
    days on market $333,000 Active 61 DOM
31. 2026-10-09
    days on market $333,000 Active 60 DOM
32. 2026-10-08
    days on market $333,000 Active 59 DOM
33. 2026-10-07
    days on market $333,000 Active 58 DOM
34. 2026-10-06
    days on market $333,000 Active 57 DOM
35. 2026-10-05
    days on market $333,000 Active 56 DOM
36. 2026-10-04
    days on market $333,000 Active 55 DOM
37. 2026-10-04
    days on market $333,000 Active 54 DOM
38. 2026-10-02
    days on market $333,000 Active 53 DOM
39. 2026-10-01
    days on market $333,000 Active 52 DOM
40. 2026-09-30
    days on market $333,000 Active 51 DOM
41. 2026-09-29
    days on market $333,000 Active 50 DOM
42. 2026-09-28
    days on market $333,000 Active 49 DOM
43. 2026-09-27
    days on market $333,000 Active 48 DOM
44. 2026-09-26
    days on market $333,000 Active 47 DOM
45. 2026-09-25
    days on market $333,000 Active 46 DOM
46. 2026-09-24
    days on market $333,000 Active 45 DOM
47. 2026-09-23
    days on market $333,000 Active 44 DOM
48. 2026-09-22
    days on market $333,000 Active 43 DOM
49. 2026-09-21
    days on market $333,000 Active 42 DOM
50. 2026-09-20
    days on market $333,000 Active 41 DOM

ⓘ 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: $11,996 · $1,000/mo
• Projected year-2 tax: $11,996 · $1,000/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 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 25 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: $34,749
• − Mortgage interest: −$18,485
• − Property taxes: −$11,996
• − Insurance: −$1,650
• − Repairs & maintenance: −$2,780
• − Management: −$2,780
• − HOA: −$1,404
• − Depreciation: −$9,600
• Taxable loss: −$13,946
• Est. tax savings @ 24.0%: +$3,347
• After-tax cash flow: $-5,018/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.

Condition & rehab AI · 12 photos

Good 80/100 None rehab

This well-maintained single-family home offers a modern and open-concept layout with a spacious backyard and a curb appeal that invites relaxation and entertainment. It is ready for a new owner to move in and enjoy.

Value-add opportunities

• Both Painting exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhanced landscaping can increase curb appeal and property value ↑
• Both Add a smart home system — Modern technology can increase home's marketability and appeal to tech-savvy buyers ↑

F Composite school gradezoned avg 34/100

Zoned Schools

Elementary Hughes Road El F TX #2,174/4,322 Nat'l #24,455/41,679 Middle Elva C Lobit Middle F TX #1,103/1,662 Nat'l #9,290/14,009 High Dickinson H S F TX #880/1,632 Nat'l #8,877/17,239

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

C Composite livability gradescore 67/100

Livability — Santa Fe

• Score: 67/100
• State rank: #550
• US rank: #10637

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment B+ 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 · 390,640 people
• Metro: Houston-Pasadena-The Woodlands, TX
• Population (ZIP): 13,938
• Household income: $96,284
• Rent vs Own: 14.8% rent · 85.2% own
• Severe rent burden: 16% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 21% Two or more races 17% Asian 2%
• Hispanic origin (detail): Mexican 14% Puerto Rican 3% Cuban 1%
• Languages at home: 89% English-only · Spanish 10% Tagalog/Filipino 1%

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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: ▼ -54.15%
• Current HPI: 299.2228
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

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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

Property features AI

Finance

• HOA & community: HOA managed by Principle Management GroupAnnual association fee of $1,404Association covers clubhouse, common areas, and recreation facilitiesCommunity pool

Exterior

• Parking: Attached garage (2 spaces)
• Utilities: Public waterAsphalt road access
• Home design: Residential propertySlab foundationBuilt in 2024Composition roof
• Construction: Brick construction
• Exterior features: Covered patioPatioDeckFence at back yardStorage shed(s)

Interior

• Bedrooms: Primary bedroom on the first floor (15 x 15)Bedroom on the first floor (13 x 13)Bedroom on the first floor (13 x 13)Bedroom on the first floor (12 x 12)
• Flooring: CarpetLaminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central gas heatingCentral electric air conditioning
• Interior features: Breakfast barDouble vanity

Price history

-2.3% since first listed

10 events — show timeline

• 2026-08-10 Listed $339,995 HARMLS
• 2026-03-29 Listing Removed — HARMLS
• 2026-02-13 Price Changed $354,995 HARMLS
• 2026-01-20 Price Changed $369,995 HARMLS
• 2025-12-30 Price Changed $374,995 HARMLS
• 2025-11-08 Price Changed $378,900 HARMLS
• 2025-10-22 Listed $379,995 HARMLS
• 2024-04-23 Sold (MLS) — HARMLS
• 2024-02-29 Pending — HARMLS
• 2024-02-22 Listed $347,900 HARMLS

Property tax history

+223.6%/yr

Latest (2025): $11,996 · +964.3% YoY. Source: county tax records.