The Cardinal II Plan · Willis, TX 77318

$213,990

3 bd · 2.0 ba · 1,566 sqft · SingleFamily · 152 Days on market

Good condition ↓ 5% since listing

---

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 +7.5/15.0
• Cash flow +7.0/30.0
• Condition / age +4.0/5.0
• Livability +3.1/5.0
• Schools +3.0/10.0
• Rent growth +2.0/5.0
• 1% rule +1.9/10.0
• DSCR +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

The Cardinal II greets you with a covered front porch that opens into a foyer leading to a kitchen with ample counter and cabinet space. A breakfast area and a large family room create an open gathering space. The owner's suite is tucked away at the back of the home, affording maximum privacy with an ensuite bathroom and generous walk-in closet. Two secondary bedrooms and a full bath are located just off the kitchen. Finally, a covered patio in the backyard makes the Cardinal II plan feel even more like home.

Key facts

• Covered front porch
• Large family room
• Owner's suite

Tags

• COVERED FRONT PORCH
• BREAKFAST AREA
• LARGE FAMILY ROOM
• OWNER'S SUITE
• ENSUITE BATHROOM
• GENEROUS WALK-IN CLOSET

🏗️ New construction. The $213,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $252,877.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $214k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-369 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $199k (6.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $174k (18.5% below list).
• Recommended offer: $174k (18.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 62/100 on livability (#933 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime C-, employment D+, amenities F.
• Willis ISD (rural): math 33% / reading 40% proficiency, ranked #458 of 826 in TX (top 55%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: C C Hardy El (math 32% / reading 29%, grade F, #2,464 of 4,322 statewide, top 58%, 752 students, 83% FRL); Lynn Lucas Middle (math 23% / reading 32%, grade F, #1,156 of 1,662 statewide, top 71%, 971 students, 74% FRL); Willis H S (math 19% / reading 46%, grade F, #1,029 of 1,632 statewide, top 64%, 2,521 students, 57% FRL) — zoned schools average 71% FRL vs 56% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-2.1%/yr); 1387 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 13,259 units permitted in Montgomery County in 2024 (1,402 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Montgomery County population projected at +65% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 152 days — a 12% lower offer ($188k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $174,498 (18.5% 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 152 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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?
7. 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.
8. 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.
9. 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: 0.69% ✗
• Cap rate: 4.54%
• Cash-on-cash: -6.25%
• DSCR: 0.72
• GRM: 12.1

CMA / ARV

• ARV (median comp): $252,877
• List price: $213,990
• Delta: -15.38%
• 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
9734 Enclave Ridge Rd	0.11mi	3/2.0	1,689 (+8%)	0mo	$286,992	$170	82
12355 Sunset Canyon Way	0.26mi	3/2.0	1,689 (+8%)	3mo	$259,190	$153	72
9754 Enclave Ridge Rd	0.15mi	4/2.0 (+1)	1,682 (+7%)	4mo	$256,875	$153	72
12529 Canyon Hill Dr	0.10mi	3/2.0	1,673 (+7%)	14mo	$275,000	$164	72
12501 Falls Ct	0.18mi	3/2.0	1,705 (+9%)	7mo	$269,900	$158	71
12359 Sunset Canyon Way	0.26mi	3/2.0	1,427 (-9%)	4mo	$248,887	$174	70
9654 Live Oak Trl	0.39mi	4/2.0 (+1)	1,521 (-3%)	6mo	$220,000	$145	67
13038 Standing Oak Dr	0.50mi	3/2.0	1,456 (-7%)	23mo	$177,500	$122	46
9529 Maple Ridge Dr	0.44mi	3/2.0	1,740 (+11%)	20mo	$159,990	$92	44
810 W Montgomery St	0.59mi	3/2.5	1,658 (+6%)	23mo	$390,000	$235	41
12168 Hairston Dr	0.52mi	3/2.0	1,792 (+14%)	16mo	$155,000	$86	39
13065 Aspen Way Ct	0.54mi	3/2.0	1,344 (-14%)	17mo	$159,000	$118	36

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: -30.4%
• Equity multiple: 0.02×
• Total profit: $-69,569
• Equity at exit: $37,705

10-year hold

• IRR: -52.2%
• Equity multiple: -0.56×
• Total profit: $-110,501
• Equity at exit: $21,864

Cash invested: $70,806 (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: 47 active · 14 under contract
• Months of supply: 12.8 mo (8%/mo absorbed)
• Median asking: $252,990 ($156/sqft)
• Median days on market: 71 d
• This list price: 9% of active listings are priced below it
• ARV vs active asking: +3.3% vs current asking $/sqft

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

ZIP-level market 77318

• Home prices YoY: -32.7%
• Rents YoY: -2.1%
• Active inventory: 1387
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,745 high
• Mortgage (P&I): −$1,326
• Tax est. 1.5%: −$316 /mo · $3,793/yr
• Insurance: −$105
• HOA: −$0
• Vacancy / Maint / Mgmt: −$366
• Net cashflow: $-369

Break-even live

Break-even rent $2,212

Max offer price $199,476

Occupancy floor —

Sensitivity live

Price	-10% $-194	-5% $-282	+0% $-369	+5% $-456	+10% $-544
Rent	-10% $-507	-5% $-438	+0% $-369	+5% $-300	+10% $-231
Rate	-1.0pp $-242	-0.5pp $-305	base $-369	+0.5pp $-435	+1.0pp $-501

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: $63,219
• Closing costs: $7,586
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9700 FM 1097 Rd W Willis, TX	2.0–3.0	2.0	1115	$1,455	$1.30	0d	6	0.21mi
9706 Farm to Market 1097 Willis, TX	2.0	2.0	1068	$1,030	$0.96	93d	1	0.27mi
505 Hines Ave Apt B Willis, TX	3.0	2.5	1665	$1,550	$0.93	3d	1	0.43mi
501 Hines Ave Unit B Willis, TX	2.0	2.5	1283	$1,499	$1.17	19d	1	0.44mi
104 Turner Dr Willis, TX	3.0	2.0	1153	$1,700	$1.47	93d	1	0.75mi
314 Harbor Bend Ct Willis, TX	3.0	2.0	1311	$1,800	$1.37	93d	1	0.89mi
207 W Mink St Willis, TX	2.0	1.0	1066	$1,599	$1.50	36d	1	1.03mi
104 Runners ST Unit B Willis, TX	3.0	2.0	1213	$1,700	$1.40	53d	1	1.10mi
104 Runnels St Unit B Willis, TX	3.0	2.0	1213	$1,700	$1.40	43d	1	1.16mi

Listing history 50 events

1. 2026-08-08
   days on market $213,990 Active 152 DOM
2. 2026-08-06
   days on market $213,990 Active 150 DOM
3. 2026-08-05
   days on market $213,990 Active 149 DOM
4. 2026-08-04
   days on market $213,990 Active 148 DOM
5. 2026-08-03
   days on market $213,990 Active 147 DOM
6. 2026-07-31
   days on market $213,990 Active 144 DOM
7. 2026-07-30
   days on market $213,990 Active 142 DOM
8. 2026-07-28
   days on market $213,990 Active 141 DOM
9. 2026-07-26
   days on market $213,990 Active 139 DOM
10. 2026-07-24
    days on market $213,990 Active 137 DOM
11. 2026-07-23
    price $213,990 Active 136 DOM
12. 2026-07-23
    days on market $210,990 Active 136 DOM
13. 2026-07-22
    days on market $210,990 Active 135 DOM
14. 2026-07-21
    days on market $210,990 Active 134 DOM
15. 2026-07-20
    days on market $210,990 Active 133 DOM
16. 2026-07-18
    days on market $210,990 Active 131 DOM
17. 2026-07-18
    days on market $210,990 Active 130 DOM
18. 2026-07-16
    days on market $210,990 Active 129 DOM
19. 2026-07-15
    days on market $210,990 Active 128 DOM
20. 2026-07-14
    days on market $210,990 Active 127 DOM
21. 2026-07-13
    days on market $210,990 Active 126 DOM
22. 2026-07-13
    days on market $210,990 Active 125 DOM
23. 2026-07-11
    days on market $210,990 Active 124 DOM
24. 2026-07-10
    days on market $210,990 Active 123 DOM
25. 2026-07-09
    days on market $210,990 Active 122 DOM
26. 2026-07-07
    days on market $210,990 Active 120 DOM
27. 2026-07-06
    days on market $210,990 Active 119 DOM
28. 2026-07-06
    days on market $210,990 Active 118 DOM
29. 2026-07-05
    days on market $210,990 Active 117 DOM
30. 2026-07-03
    days on market $210,990 Active 116 DOM
31. 2026-07-02
    days on market $210,990 Active 115 DOM
32. 2026-07-01
    days on market $210,990 Active 114 DOM
33. 2026-06-30
    days on market $210,990 Active 113 DOM
34. 2026-06-29
    days on market $210,990 Active 112 DOM
35. 2026-06-28
    days on market $210,990 Active 111 DOM
36. 2026-06-27
    days on market $210,990 Active 110 DOM
37. 2026-06-26
    days on market $210,990 Active 109 DOM
38. 2026-06-24
    days on market $210,990 Active 107 DOM
39. 2026-06-22
    days on market $210,990 Active 105 DOM
40. 2026-06-21
    days on market $210,990 Active 104 DOM
41. 2026-06-18
    days on market $210,990 Active 101 DOM
42. 2026-06-17
    days on market $210,990 Active 100 DOM
43. 2026-06-16
    days on market $210,990 Active 99 DOM
44. 2026-06-15
    days on market $210,990 Active 98 DOM
45. 2026-06-13
    days on market $210,990 Active 96 DOM
46. 2026-06-09
    days on market $210,990 Active 92 DOM
47. 2026-06-08
    days on market $210,990 Active 91 DOM
48. 2026-06-07
    days on market $210,990 Active 90 DOM
49. 2026-06-04
    days on market $210,990 Active 87 DOM
50. 2026-06-03
    days on market $210,990 Active 86 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥111°F today · 23 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 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: $20,940
• − Mortgage interest: −$14,165
• − Property taxes: −$3,793
• − Insurance: −$1,264
• − Repairs & maintenance: −$1,675
• − Management: −$1,675
• − Depreciation: −$7,356
• Taxable loss: −$8,990
• Est. tax savings @ 24.0%: +$2,158
• After-tax cash flow: $-2,271/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 · 1 photo

Good 80/100 None rehab

The Cardinal II Plan in Willis, TX is in good condition with no major repairs needed. It offers a good balance of updates that can enhance its resale and rental value.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance the home's curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhanced landscaping can improve the home's curb appeal and add value. ↑
• Resale Kitchen and bathroom updates — Updating these spaces can attract more buyers and renters. ↑
• Rental HVAC system maintenance — A well-maintained HVAC system ensures comfort and can attract renters. ↑
• Both Landscaping and curb appeal improvements — A well-maintained exterior can attract more buyers and renters and add to the home's value. ↑

F Composite school gradezoned avg 30/100

Zoned Schools

Elementary C C Hardy El F TX #2,464/4,322 Nat'l #26,279/41,679 Middle Lynn Lucas Middle F TX #1,156/1,662 Nat'l #9,659/14,009 High Willis H S F TX #1,029/1,632 Nat'l #10,333/17,239

Schools (NCES district)

• District: Willis ISD
• NCES district ID: 4845900
• Math proficiency: 33% ▼ -15.00%
• Reading proficiency: 40% ▼ -2.00%
• Median HH income: $57,828
• Composite: 32.32/100
• National rank: #5746
• State rank: #458 of 826 in TX

C Composite livability gradescore 62/100

Livability — Willis

• Score: 62/100
• State rank: #933
• US rank: #16579

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Willis, TX
• County: Montgomery County · 713,896 people
• City population: 38,421
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 20,792
• Household income: $92,415
• Rent vs Own: 19.3% rent · 80.7% own
• Severe rent burden: 0% of renters

---

Population outlook (Montgomery County) Hauer SSP2

• Today (2025): 713,896 people
• By 2030: 805,263 · +12.8%
• By 2040: 992,708 · +39.1%
• By 2050: 1,179,590 · +65.2%
• By 2075: 1,628,084 · +128.1%
• By 2100: 1,937,880 · +171.5%

---

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 17% Two or more races 14% Black 3%
• Hispanic origin (detail): Mexican 12%
• Common ancestry: Lithuanian 4% Slovak 2% Serbian 2%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 88% English-only · Spanish 10%

---

Political lean MEDSL · Montgomery

• 2024 margin: Solid R (+45.5) · D 26.8% · R 72.3%
• 2008→2024 swing: +7.2pp toward D · 2008: -52.7pp · 2024: -45.5pp
• All cycles: 2024: R+45.5 2020: R+43.8 2016: R+51.4 2012: R+60.7 2008: R+52.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -114.58%
• Current HPI: 236.256
• Rent YoY: ▼ -2.09%
• 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

-5.4% since first listed

3 events — show timeline

• 2026-05-14 Price Changed $210,990 Zillow
• 2026-05-04 Price Changed $225,990 Zillow
• 2026-03-09 Listed $222,990 Zillow