4911 Tealgate Dr · Spring, TX 77373

$165,000

3 bd · 2.0 ba · 2,108 sqft · SingleFamily public records · 54 Days on market

Built 1984 6,599 sqft lot $78/sqft · 35% below area Est $253k · 35% under $31/mo HOA · 1% of rent

---

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
• 1% rule +8.8/10.0
• DSCR +8.3/10.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 4911 Tealgate Dr, a charming and well-designed home nestled in the heart of Spring, Texas! This inviting 3-bedroom, 2-bathroom residence offers a functional layout with thoughtful spaces perfect for both everyday living and entertaining. As you step inside, you’re greeted by a warm and open living area filled with natural light. The kitchen is conveniently positioned with ample cabinetry and counter space, making meal prep both easy and enjoyable. The primary suite provides a peaceful retreat with an en-suite bathroom, while the additional bedrooms offer flexibility for family, guests, or a home office. All bedrooms are downstairs. Upstairs, you’ll find a spacious loft area that can be used as a game room, media space, or second living area—perfect for entertaining or creating a personalized retreat. Step outside to enjoy the backyard, offering plenty of room for outdoor gatherings, pets, or future customization.

Key facts

• Spacious loft area
• Ample cabinetry
• Primary suite

Tags

• OPEN LIVING AREA
• AMPLE CABINETRY
• COUNTER SPACE
• PRIMARY SUITE
• EN-SUITE BATHROOM
• SPACIOUS LOFT AREA

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $374 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $160k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 4.5% in Spring — 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 66/100 on livability (#635 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B; Watch: schools C-, crime D, amenities F.
• Spring ISD (suburban): math 19% / reading 26% proficiency, ranked #730 of 826 in TX (top 88%) — 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 soft (-0.3%/yr); 595 active listings in the ZIP; solid renter incomes; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• This rent runs 31% of the median local income ($89k/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.
• Harris County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 54 days — a 3% lower offer ($160k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 9y ago; this cycle's ask has dropped $45k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $47k; list at $165k implies a 250% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.3% 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 $160,050 (3.0% below list)

Questions for the listing agent

1. It's been on market 54 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.38% ✓
• Cap rate: 9.02%
• Cash-on-cash: 9.72%
• DSCR: 1.43
• GRM: 6.0

CMA / ARV

• ARV (median comp): $252,751
• List price: $165,000
• Delta: -34.72%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4802 Hickorygate Dr	0.18mi	3/2.0	2,108 (0%)	8mo	$128,000	$61	85
5107 Forest Terrace Dr	0.34mi	4/3.0 (+1)	2,373 (+13%)	12mo	$275,000	$116	45

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -5.7%
• Equity multiple: 0.80×
• Total profit: $-9,354
• Equity at exit: $24,602

10-year hold

• IRR: -0.9%
• Equity multiple: 0.95×
• Total profit: $-2,359
• Equity at exit: $14,266

Cash invested: $46,200 (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 77373

• Rents YoY: -0.3%
• Active inventory: 595
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $2,274 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$457 /mo · $5,484/yr
• Insurance: −$69
• HOA: −$31
• Vacancy / Maint / Mgmt: −$477
• Net cashflow: $374

Break-even live

Break-even rent $1,800

Max offer price $165,000

Occupancy floor 79%

Sensitivity live

Price	-10% $468	-5% $421	+0% $374	+5% $328	+10% $281
Rent	-10% $195	-5% $284	+0% $374	+5% $464	+10% $554
Rate	-1.0pp $457	-0.5pp $416	base $374	+0.5pp $332	+1.0pp $288

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $31 · $372/yr

Listing history 15 events

1. 2026-05-19
   price $189,000 955-char remark

   Show marketing remark (955 chars)

   Welcome to 4911 Tealgate Dr, a charming and well-designed home nestled in the heart of Spring, Texas! This inviting 3-bedroom, 2-bathroom residence offers a functional layout with thoughtful spaces perfect for both everyday living and entertaining. As you step inside, you’re greeted by a warm and open living area filled with natural light. The kitchen is conveniently positioned with ample cabinetry and counter space, making meal prep both easy and enjoyable. The primary suite provides a peaceful retreat with an en-suite bathroom, while the additional bedrooms offer flexibility for family, guests, or a home office. All bedrooms are downstairs. Upstairs, you’ll find a spacious loft area that can be used as a game room, media space, or second living area—perfect for entertaining or creating a personalized retreat. Step outside to enjoy the backyard, offering plenty of room for outdoor gatherings, pets, or future customization.

2. 2026-04-21
   price $199,000 955-char remark

   Show marketing remark (955 chars)

   Welcome to 4911 Tealgate Dr, a charming and well-designed home nestled in the heart of Spring, Texas! This inviting 3-bedroom, 2-bathroom residence offers a functional layout with thoughtful spaces perfect for both everyday living and entertaining. As you step inside, you’re greeted by a warm and open living area filled with natural light. The kitchen is conveniently positioned with ample cabinetry and counter space, making meal prep both easy and enjoyable. The primary suite provides a peaceful retreat with an en-suite bathroom, while the additional bedrooms offer flexibility for family, guests, or a home office. All bedrooms are downstairs. Upstairs, you’ll find a spacious loft area that can be used as a game room, media space, or second living area—perfect for entertaining or creating a personalized retreat. Step outside to enjoy the backyard, offering plenty of room for outdoor gatherings, pets, or future customization.

3. 2026-04-01
   listed $210,000 Active 955-char remark

   Show marketing remark (955 chars)

   Welcome to 4911 Tealgate Dr, a charming and well-designed home nestled in the heart of Spring, Texas! This inviting 3-bedroom, 2-bathroom residence offers a functional layout with thoughtful spaces perfect for both everyday living and entertaining. As you step inside, you’re greeted by a warm and open living area filled with natural light. The kitchen is conveniently positioned with ample cabinetry and counter space, making meal prep both easy and enjoyable. The primary suite provides a peaceful retreat with an en-suite bathroom, while the additional bedrooms offer flexibility for family, guests, or a home office. All bedrooms are downstairs. Upstairs, you’ll find a spacious loft area that can be used as a game room, media space, or second living area—perfect for entertaining or creating a personalized retreat. Step outside to enjoy the backyard, offering plenty of room for outdoor gatherings, pets, or future customization.

4. 2020-11-04
   soldstatus
5. 2020-08-07
   soldstatus Sold 399-char remark

   Show marketing remark (399 chars)

   Buyer backed out due to not moving from California. This Home Is Ready for you. Fresh paint, LARGE Game Room/ family area. 3 bedrooms, 2 bathrooms, upstairs over sized game room. Very little repairs needed on this property for you to move in. Selling "AS-IS". Seller will make no repairs. The house is clean and could be moved in today. Please Call showing service to book and appointment.

6. 2020-07-10
   status Pending 399-char remark

   Show marketing remark (399 chars)

   Buyer backed out due to not moving from California. This Home Is Ready for you. Fresh paint, LARGE Game Room/ family area. 3 bedrooms, 2 bathrooms, upstairs over sized game room. Very little repairs needed on this property for you to move in. Selling "AS-IS". Seller will make no repairs. The house is clean and could be moved in today. Please Call showing service to book and appointment.

7. 2020-07-02
   status Option Pending 399-char remark

   Show marketing remark (399 chars)

   Buyer backed out due to not moving from California. This Home Is Ready for you. Fresh paint, LARGE Game Room/ family area. 3 bedrooms, 2 bathrooms, upstairs over sized game room. Very little repairs needed on this property for you to move in. Selling "AS-IS". Seller will make no repairs. The house is clean and could be moved in today. Please Call showing service to book and appointment.

8. 2020-06-22
   status Active 399-char remark

   Show marketing remark (399 chars)

   Buyer backed out due to not moving from California. This Home Is Ready for you. Fresh paint, LARGE Game Room/ family area. 3 bedrooms, 2 bathrooms, upstairs over sized game room. Very little repairs needed on this property for you to move in. Selling "AS-IS". Seller will make no repairs. The house is clean and could be moved in today. Please Call showing service to book and appointment.

9. 2020-06-19
   status Option Pending 399-char remark

   Show marketing remark (399 chars)

   Buyer backed out due to not moving from California. This Home Is Ready for you. Fresh paint, LARGE Game Room/ family area. 3 bedrooms, 2 bathrooms, upstairs over sized game room. Very little repairs needed on this property for you to move in. Selling "AS-IS". Seller will make no repairs. The house is clean and could be moved in today. Please Call showing service to book and appointment.

10. 2020-06-01
    listed $159,900 Active 399-char remark

    Show marketing remark (399 chars)

    Buyer backed out due to not moving from California. This Home Is Ready for you. Fresh paint, LARGE Game Room/ family area. 3 bedrooms, 2 bathrooms, upstairs over sized game room. Very little repairs needed on this property for you to move in. Selling "AS-IS". Seller will make no repairs. The house is clean and could be moved in today. Please Call showing service to book and appointment.

11. 2017-12-01
    historical
12. 2017-11-09
    listed $149,900 Active
13. 2017-08-20
    historical
14. 2017-07-11
    listed $120,000 Active
15. 1993-12-13
    soldstatus $47,201

ⓘ 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: $5,484 · $457/mo
• Projected year-2 tax: $5,484 · $457/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 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥110°F today · 25 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,285
• − Mortgage interest: −$9,243
• − Property taxes: −$5,484
• − Insurance: −$825
• − Repairs & maintenance: −$2,183
• − Management: −$2,183
• − HOA: −$372
• − Depreciation: −$4,800
• Taxable income: $2,197
• Est. tax owed @ 24.0%: −$527
• After-tax cash flow: $3,964/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: Spring ISD
• NCES district ID: 4841220
• Math proficiency: 19% ▼ -13.00%
• Reading proficiency: 26% ▼ -6.00%
• Median HH income: $51,584
• Composite: 20.12/100
• National rank: #8643
• State rank: #730 of 826 in TX

Livability — Spring

• Score: 66/100
• State rank: #635
• US rank: #12101

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Spring, TX
• County: Harris County · 4,702,590 people
• City population: 430,529
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 69,739
• Household income: $88,617
• Rent vs Own: 27.2% rent · 72.8% own
• Severe rent burden: 1050.0

Population outlook (Harris County) Hauer SSP2

• Today (2025): 5,571,493 people
• By 2030: 6,089,821 · +9.3%
• By 2040: 7,142,806 · +28.2%
• By 2050: 8,185,864 · +46.9%
• By 2075: 10,574,329 · +89.8%
• By 2100: 12,109,958 · +117.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: Hispanic / Latino 40% White 30% Black 23% Two or more races 22% Asian 3%
• Hispanic origin (detail): Mexican 27% Puerto Rican 2% Cuban 2% Dominican 2%
• Common ancestry: Lithuanian 2% Italian 1% Slovak 1%
• Foreign-born: 17% · Canada, Jamaica, Vietnam
• Languages at home: 64% English-only · Spanish 32% Vietnamese 1% Other Indo-European 1%

Political lean MEDSL · Harris

• 2024 margin: Lean D (+5.5) · D 52.0% · R 46.4% · Other 1.6%
• 2008→2024 swing: +3.9pp toward D · 2008: 1.6pp · 2024: 5.5pp
• All cycles: 2024: D+5.5 2020: D+13.3 2016: D+12.4 2012: D+0.1 2008: D+1.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -142.98%
• Current HPI: 251.7231
• Rent YoY: ▼ -0.30%
• 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

+300.4% since first listed

15 events — show timeline

• 2026-05-19 Price Changed $189,000 HARMLS
• 2026-04-21 Price Changed $199,000 HARMLS
• 2026-04-01 Listed $210,000 HARMLS
• 2020-11-04 Sold (Public Records) — Public Records
• 2020-08-07 Sold (MLS) — HARMLS
• 2020-07-10 Pending — HARMLS
• 2020-07-02 Pending — HARMLS
• 2020-06-22 Relisted — HARMLS
• 2020-06-19 Pending — HARMLS
• 2020-06-01 Listed $159,900 HARMLS
• 2017-12-01 Listing Removed — HARMLS
• 2017-11-09 Listed $149,900 HARMLS
• 2017-08-20 Listing Removed — HARMLS
• 2017-07-11 Listed $120,000 HARMLS
• 1993-12-13 Sold (Public Records) $47,201 Public Records

Property tax history

+5.2%/yr

Latest (2025): $5,484 · +0.7% YoY. Source: county tax records.