310 Center St · Pasadena, TX 77506

$79,497

2 bd · 1.0 ba · 1,130 sqft · SingleFamily public records · 39 Days on market

Built 1941 6,351 sqft lot $70/sqft · 52% below area ↓ 20% 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 +28.2/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.3/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Very close to the freeway and 16 minutes to downtown. Nice fixer home for the buyer with a vision. Priced to move 2/1 with a detached garage. A blank canvas to work your magic

Key facts

• 6,351 sq ft lot
• Garage
• Built 1941

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $79k.

Deal economics

• At list price, monthly cash flow is $252 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $79k).
• Recommended offer: $77k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.1% vs local median 3.4% in Pasadena — 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 (#600 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, employment D+, crime F.
• Pasadena ISD (suburban): math 29% / reading 32% proficiency, ranked #612 of 826 in TX (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 104 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $550 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($77k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.8% of price; built in 1941 — 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $77,112 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1941 — 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. 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. Crime grade is F 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?
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: 1.52% ✓
• Cap rate: 10.10%
• Cash-on-cash: 13.60%
• DSCR: 1.61
• GRM: 5.5

CMA / ARV

• ARV (median comp): $166,523
• List price: $79,497
• Delta: -52.26%
• 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
310 Center St	0.00mi	2/1.0	1,130 (0%)	1mo	$79,497	$70	99
904 Jackson Ave	0.24mi	2/2.0	1,106 (-2%)	8mo	$179,990	$163	75
510 Witter St	0.26mi	3/1.5 (+1)	1,128 (-0%)	9mo	$170,000	$151	73
515 Main St	0.40mi	3/1.0 (+1)	1,102 (-2%)	0mo	$154,000	$140	72
202 Jackson Ave	0.41mi	2/1.0	1,154 (+2%)	7mo	$80,000	$69	72
907 Leonard St	0.41mi	3/1.0 (+1)	1,056 (-6%)	10mo	$140,000	$133	57
516 Spooner St	0.37mi	3/1.0 (+1)	1,025 (-9%)	7mo	$99,900	$97	56
710 Alvin St	0.74mi	3/1.0 (+1)	1,082 (-4%)	2mo	$135,000	$125	52
133 Pomeroy Ave	0.44mi	3/1.0 (+1)	1,250 (+11%)	6mo	$156,000	$125	52
1105 Richard Ave	0.40mi	3/1.0 (+1)	1,000 (-12%)	12mo	$159,999	$160	47
1406 Taylor Ave	0.70mi	3/2.0 (+1)	1,188 (+5%)	4mo	$219,990	$185	46
510 Alvin St	0.68mi	3/1.0 (+1)	1,207 (+7%)	12mo	$110,000	$91	42

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: 3.8%
• Equity multiple: 1.15×
• Total profit: $3,298
• Equity at exit: $11,853

10-year hold

• IRR: 13.4%
• Equity multiple: 2.08×
• Total profit: $24,016
• Equity at exit: $6,873

Cash invested: $22,259 (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 77506

• Home prices YoY: -15.5%
• Active inventory: 104
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,207 high
• Mortgage (P&I): −$417
• Tax from tax record: −$252 /mo · $3,019/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $252

Break-even live

Break-even rent $888

Max offer price $79,497

Occupancy floor 74%

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: $19,874
• Closing costs: $2,385
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
133 Pomeroy Ave Pasadena, TX	3.0	1.0	1300	$1,875	$1.44	24d	1	0.46mi
727 S Richey St Pasadena, TX	3.0	2.0	1100	$1,275	$1.16	43d	1	0.78mi
910 Main St Pasadena, TX	1.0–2.0	1.0	712	$925	$1.30	43d	2	0.81mi
407 S Richey St Unit 481 Pasadena, TX	1.0	1.0	700	$707	$1.01	2d	1	0.83mi
407 S Richey St Unit 458 Pasadena, TX	1.0	1.0	700	$699	$1.00	12d	1	0.83mi
407 S Richey St Unit 2162 Pasadena, TX	2.0	2.0	800	$890	$1.11	5d	1	0.83mi
407 S Richey St Unit 440 Pasadena, TX	3.0	2.0	1100	$1,345	$1.22	12d	1	0.83mi
407 S Richey St Unit 481 Pasadena, TX	1.0	1.0	700	$745	$1.06	12d	1	0.83mi
407 S Richey St Unit 1162 Pasadena, TX	1.0	1.0	700	$710	$1.01	5d	1	0.83mi
407 S Richey St Unit 510 Pasadena, TX	3.0	2.0	1000	$1,032	$1.03	2d	1	0.83mi
407 S Richey St Unit 2047 Pasadena, TX	2.0	2.0	800	$882	$1.10	2d	1	0.85mi
407 S Richey St Unit 3047 Pasadena, TX	3.0	2.0	1000	$1,075	$1.07	11d	1	0.85mi
407 Richey St Pasadena, TX	3.0	1.0–2.0	700	$908	$1.30	20d	13	0.86mi
1007 Spooner St Pasadena, TX	3.0	2.0	1182	$1,650	$1.40	43d	1	0.90mi
621 Richey St Unit 654 Pasadena, TX	3.0	2.0	1100	$1,332	$1.21	2d	1	0.99mi
621 Richey St Unit 424 Pasadena, TX	2.0	2.0	770	$1,040	$1.35	5d	1	0.99mi
1129 Witter St Pasadena, TX	2.0	1.0	870	$1,075	$1.24	43d	1	1.03mi
205 Tilden Dr Pasadena, TX	3.0	1.0	1208	$1,550	$1.28	43d	1	1.12mi
1009 Richey St Pasadena, TX	1.0–3.0	1.0–2.0	885	$1,144	$1.29	3d	26	1.26mi
1034 W Village Ct Unit C Pasadena, TX	2.0	1.0	730	$945	$1.29	43d	1	1.26mi
1744 Jenkins Rd Pasadena, TX	1.0–2.0	1.0–2.0	807	$1,365	$1.69	5d	1	1.38mi
1750 Jenkins Rd Pasadena, TX	2.0	2.0	926	$1,135	$1.23	43d	1	1.39mi
1000 Curtis Ave Pasadena, TX	1.0–2.0	1.0–2.0	744	$1,274	$1.71	5d	14	1.42mi
2405 Pomona Dr Pasadena, TX	3.0	1.0	1162	$1,499	$1.29	43d	1	1.47mi
719 Burke Rd Pasadena, TX	3.0	2.0	1158	$2,000	$1.73	4d	1	1.50mi

Listing history 5 events

1. 2026-05-18
   status Pending 175-char remark

   Show marketing remark (175 chars)

   Very close to the freeway and 16 minutes to downtown. Nice fixer home for the buyer with a vision. Priced to move 2/1 with a detached garage. A blank canvas to work your magic

2. 2026-05-11
   price $79,497 175-char remark

   Show marketing remark (175 chars)

   Very close to the freeway and 16 minutes to downtown. Nice fixer home for the buyer with a vision. Priced to move 2/1 with a detached garage. A blank canvas to work your magic

3. 2026-04-30
   price $89,497 175-char remark

   Show marketing remark (175 chars)

   Very close to the freeway and 16 minutes to downtown. Nice fixer home for the buyer with a vision. Priced to move 2/1 with a detached garage. A blank canvas to work your magic

4. 2026-04-09
   listed $99,497 Active 175-char remark

   Show marketing remark (175 chars)

   Very close to the freeway and 16 minutes to downtown. Nice fixer home for the buyer with a vision. Priced to move 2/1 with a detached garage. A blank canvas to work your magic

5. 1994-06-05
   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: $3,019 · $252/mo
• Projected year-2 tax: $3,019 · $252/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 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,489
• − Mortgage interest: −$4,453
• − Property taxes: −$3,019
• − Insurance: −$397
• − Repairs & maintenance: −$1,159
• − Management: −$1,159
• − Depreciation: −$2,313
• Taxable income: $1,989
• Est. tax owed @ 24.0%: −$477
• After-tax cash flow: $2,550/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: Pasadena ISD
• NCES district ID: 4834320
• Math proficiency: 29% ▼ -17.00%
• Reading proficiency: 32% ▼ -9.00%
• Median HH income: $45,163
• Composite: 26.15/100
• National rank: #7275
• State rank: #612 of 826 in TX

Livability — Pasadena

• Score: 66/100
• State rank: #600
• US rank: #11438

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pasadena, TX
• City population: 109,190
• Population (ZIP): 35,243

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: Predominantly Hispanic (89%)
• Race & ethnicity: Hispanic / Latino 89% Two or more races 36% White 9% Black 1% Native American 1%
• Hispanic origin (detail): Mexican 77%
• Common ancestry: Italian 1%
• Foreign-born: 39% · Canada
• Languages at home: 30% English-only · Spanish 69%

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: ▼ -57.82%
• Current HPI: 315.9695
• Rent YoY: —
• Metro: —
• 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

-20.1% since first listed

5 events — show timeline

• 2026-05-18 Pending — HARMLS
• 2026-05-11 Price Changed $79,497 HARMLS
• 2026-04-30 Price Changed $89,497 HARMLS
• 2026-04-09 Listed $99,497 HARMLS
• 1994-06-05 Sold (Public Records) — Public Records

Property tax history

+3.3%/yr

Latest (2025): $3,019 · -1.7% YoY. Source: county tax records.