310 S Jensen Dr #2 · Houston, TX 77003

$359,900

3 bd · 2.5 ba · 2,147 sqft · SingleFamily public records · 10 Days on market

Built 2005 1,584 sqft lot $168/sqft · 23% below area Est $468k · 23% under $100/mo HOA · 3% of rent

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Why this score? — see what drove the D 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 +15.0/15.0
• Cash flow +10.8/30.0
• 1% rule +4.3/10.0
• Livability +3.7/5.0
• DSCR +3.1/10.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Modern downtown living at its best! 310 S. Jensen Dr Unit 2 features A 4 story, 3 bedrooms, 2.5 baths, and a private rooftop with city views. RECENT UPGRADES include 2025 AC UNIT with updated ductwork and 2026 WATER HEATER for peace of mind. Spacious, stylish move-in ready- townhome is ready for its new owner. Schedule your showing today.

Key facts

• $100 HOA
• Garage
• Built 2005

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $360k.

Deal economics

• At list price, monthly cash flow is $-162 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $331k (7.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $335k (7.0% below list).
• Recommended offer: $331k (7.9% below list) — sets the bar for cash-flow.
• Cap rate 5.8% vs local median 3.2% in Houston — 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 74/100 on livability (#184 in TX, #4,771 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, housing A+; Watch: schools D, crime F.
• Houston ISD (urban): math 27% / reading 35% proficiency, ranked #593 of 826 in TX (top 72%) — 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: Rents soft (-1.6%/yr); 206 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• At $3,346/mo this rent would consume 48% of the median local household income ($84k/yr) (locally 572% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $11k 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

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 10y ago; this cycle's ask has dropped $30k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $331,307 (7.9% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.93% ✗
• Cap rate: 5.75%
• Cash-on-cash: -1.93%
• DSCR: 0.91
• GRM: 9.0

CMA / ARV

• ARV (median comp): $467,727
• List price: $359,900
• Delta: -18.76%
• 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
2321 Ann St	0.10mi	3/3.0	2,197 (+2%)	1mo	$339,000	$154	89
2706 Fox St	0.21mi	3/3.5	2,012 (-6%)	1mo	$499,900	$248	75
331 N Nagle St	0.18mi	3/3.5	2,302 (+7%)	2mo	$475,000	$206	74
311 Eado Park Cir	0.41mi	3/3.5	2,233 (+4%)	6mo	$415,000	$186	66
3306 Cline St	0.65mi	3/3.5	2,154 (+0%)	1mo	$390,000	$181	64
2851 Decker Pl	0.32mi	3/3.5	2,401 (+12%)	3mo	$480,000	$200	58
407 Grove St Unit B	0.62mi	3/3.5	2,220 (+3%)	4mo	$429,999	$194	58
312 Eado Park Cir	0.46mi	3/3.5	2,388 (+11%)	5mo	$450,000	$188	52
3209 Baer St Unit B	0.70mi	3/3.5	1,996 (-7%)	1mo	$464,900	$233	51
3209 Baer St Unit A	0.70mi	3/3.5	1,990 (-7%)	1mo	$464,900	$234	51
411 Grove St Unit C	0.63mi	3/2.5	1,903 (-11%)	2mo	$375,000	$197	50
2765 Freund St	0.29mi	4/4.5 (+1)	2,465 (+15%)	3mo	$649,000	$263	46

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: -23.3%
• Equity multiple: 0.22×
• Total profit: $-78,188
• Equity at exit: $53,662

10-year hold

• IRR: -31.0%
• Equity multiple: -0.17×
• Total profit: $-118,254
• Equity at exit: $31,118

Cash invested: $100,772 (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 77003

• Home prices YoY: -29.2%
• Rents YoY: -1.6%
• Active inventory: 206
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $3,346 high
• Mortgage (P&I): −$1,887
• Tax from tax record: −$668 /mo · $8,013/yr
• Insurance: −$150
• HOA: −$100
• Vacancy / Maint / Mgmt: −$703
• Net cashflow: $-162

Break-even live

Break-even rent $3,551

Max offer price $331,307

Occupancy floor 100%

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: $89,975
• Closing costs: $10,797
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2115 Runnels St Unit 3187 Houston, TX	3.0	2.0	1839	$3,013	$1.64	3d	1	0.19mi
2115 Runnels St Unit 3174 Houston, TX	3.0	2.0	1839	$3,056	$1.66	12d	1	0.19mi
2115 Runnels St Unit 2148 Houston, TX	3.0	2.0	1839	$3,045	$1.66	11d	1	0.19mi
2414 East Dr Unit Canal St unit Houston, TX	3.0	3.5	2063	$2,950	$1.43	8d	1	0.23mi
15 N Chenevert St Houston, TX	2.0	1.0–2.0	1351	$4,000	$2.96	1d	16	0.50mi
2905 Baer St Unit 1047953P Houston, TX	3.0	2.5	1991	$3,094	$1.55	5d	1	0.60mi
308 Grove St Houston, TX	3.0	3.0	1701	$2,350	$1.38	8d	1	0.61mi
611 Sydnor St Houston, TX	3.0	4.0	2157	$2,400	$1.11	44d	1	0.62mi
3419 Gillespie St Houston, TX	3.0	3.5	2168	$2,300	$1.06	44d	1	0.75mi
3410 Baer St Houston, TX	3.0	4.0	2040	$3,500	$1.72	44d	1	0.76mi
2504 Rusk St Unit 1563174P Houston, TX	2.0	2.0	1819	$4,036	$2.22	3d	1	0.78mi
2816 Rusk St Houston, TX	3.0	3.5	2107	$2,800	$1.33	44d	1	0.81mi
1475 Texas St Houston, TX	3.0	1.0–2.0	1304	$6,350	$4.87	44d	28	0.88mi
1303 Bayou St Unit C Houston, TX	3.0	3.0	1869	$3,200	$1.71	44d	1	0.95mi
1757 Walker St Houston, TX	2.0	2.0	1575	$4,350	$2.76	24d	1	0.95mi
1307 Bayou St Unit B Houston, TX	3.0	3.0	1814	$2,400	$1.32	8d	1	0.96mi
808 Crawford St Houston, TX	1.0–3.0	1.0–3.5	1740	$12,645	$7.27	1d	30	0.97mi
3226 McKinney St Houston, TX	3.0	3.0	2274	$2,500	$1.10	44d	1	1.04mi
4109 Hare St Unit A Houston, TX	4.0	2.5	1913	$6,950	$3.63	44d	1	1.08mi
4109 Hare St Unit 1019559P Houston, TX	4.0	2.5	1905	$6,852	$3.60	8d	1	1.08mi
409 Travis St Unit 432 Houston, TX	2.0	2.0	1495	$3,316	$2.22	11d	1	1.10mi
409 Travis St Unit 424 Houston, TX	2.0	2.0	1495	$3,292	$2.20	8d	1	1.10mi
409 Travis St Unit 425 Houston, TX	2.0	2.0	1495	$3,284	$2.20	3d	1	1.10mi
1406 McKinney St Houston, TX	2.0	2.0	1987	$5,075	$2.55	24d	1	1.10mi
915 Texas Ave Unit 420 Houston, TX	3.0	2.0	2366	$4,655	$1.97	44d	1	1.11mi
915 Texas Ave Unit 420 Houston, TX	3.0	2.0	2366	$4,655	$1.97	19d	1	1.11mi
1400 McKinney St Houston, TX	1.0–2.0	1.0–2.5	2166	$12,100	$5.59	1d	9	1.11mi
413 Travis St Houston, TX	2.0	2.0	1495	$4,000	$2.68	44d	1	1.11mi
717 Fannin St Houston, TX	2.0	2.0	1700	$3,800	$2.24	44d	1	1.11mi
1111 Rusk St Houston, TX	1.0–2.0	1.0–2.5	1230	$2,835	$2.30	1d	29	1.12mi
909 Texas Ave Houston, TX	2.0	1.0–2.0	1262	$3,129	$2.48	2d	36	1.13mi
1513 Cage St Houston, TX	3.0	2.0	1467	$1,550	$1.06	44d	1	1.15mi
414 Milam St Ph 2-4602 Houston, TX	2.0	2.0	2158	$8,990	$4.17	44d	1	1.17mi
414 Milam St Houston, TX	2.0	2.5	1585	$3,845	$2.43	22d	1	1.17mi
414 Milam St Unit B1-2003 Houston, TX	2.0	2.0	1585	$4,513	$2.85	44d	1	1.17mi
414 Milam St Unit 2187 Houston, TX	2.0	2.0	1585	$3,857	$2.43	3d	1	1.19mi
414 Milam St Unit 422 Houston, TX	2.0	2.0	1585	$3,833	$2.42	8d	1	1.19mi
414 Milam St Unit 437 Houston, TX	2.0	2.0	1585	$3,857	$2.43	11d	1	1.19mi
414 Milam St Unit 2165 Houston, TX	2.0	2.0	1585	$3,868	$2.44	5d	1	1.19mi
414 Milam St Unit 2148 Houston, TX	2.0	2.0	1585	$3,825	$2.41	3d	1	1.19mi

HOA detail

• Monthly dues: $100 · $1,200/yr
• Likely covers: water

Listing history 17 events

1. 2026-06-18
   days on market $359,900 Active 10 DOM
2. 2026-06-17
   days on market $359,900 Active 9 DOM
3. 2026-06-16
   days on market $359,900 Active 8 DOM
4. 2026-06-15
   days on market $359,900 Active 7 DOM
5. 2026-06-13
   days on market $359,900 Active 5 DOM
6. 2026-06-08
   pricedays on marketlisting id $359,900 Active 1 DOM
7. 2026-06-01
   days on market $380,000 Active 90 DOM
8. 2026-05-31
   days on market $380,000 Active 89 DOM
9. 2026-04-29
   price $380,000 340-char remark

   Show marketing remark (340 chars)

   Modern downtown living at its best! 310 S. Jensen Dr Unit 2 features A 4 story, 3 bedrooms, 2.5 baths, and a private rooftop with city views. RECENT UPGRADES include 2025 AC UNIT with updated ductwork and 2026 WATER HEATER for peace of mind. Spacious, stylish move-in ready- townhome is ready for its new owner. Schedule your showing today.

10. 2026-03-03
    listed $390,000 Active 340-char remark

    Show marketing remark (340 chars)

    Modern downtown living at its best! 310 S. Jensen Dr Unit 2 features A 4 story, 3 bedrooms, 2.5 baths, and a private rooftop with city views. RECENT UPGRADES include 2025 AC UNIT with updated ductwork and 2026 WATER HEATER for peace of mind. Spacious, stylish move-in ready- townhome is ready for its new owner. Schedule your showing today.

11. 2026-01-23
    historical
12. 2025-10-02
    listed $400,000 Active
13. 2016-05-25
    soldstatus
14. 2016-05-24
    soldstatus Sold
15. 2016-04-26
    status Pending
16. 2016-04-14
    status Option Pending
17. 2016-04-01
    listed $299,000 Active

ⓘ 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: $8,013 · $668/mo
• Projected year-2 tax: $8,013 · $668/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 (unshaded) · 27% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 24 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $40,150
• − Mortgage interest: −$20,160
• − Property taxes: −$8,013
• − Insurance: −$1,800
• − Repairs & maintenance: −$3,212
• − Management: −$3,212
• − HOA: −$1,200
• − Depreciation: −$10,470
• Taxable loss: −$7,916
• Est. tax savings @ 24.0%: +$1,900
• After-tax cash flow: $-42/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: Houston ISD
• NCES district ID: 4823640
• Math proficiency: 27% ▼ -18.00%
• Reading proficiency: 35% ▼ -6.00%
• Median HH income: $46,054
• Composite: 26.63/100
• National rank: #7173
• State rank: #593 of 826 in TX

Livability — Houston

• Score: 74/100
• State rank: #184
• US rank: #4771

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Houston, TX
• County: Harris County · 4,702,590 people
• City population: 3,226,434
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 10,164
• Household income: $83,980
• Rent vs Own: 59.0% rent · 41.0% own
• Severe rent burden: 572.0

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: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: Hispanic / Latino 35% White 33% Black 21% Two or more races 20% Asian 6% Native American 1%
• Hispanic origin (detail): Mexican 24% Puerto Rican 2% Cuban 2%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 1%
• Foreign-born: 15% · Canada, South Korea, Jamaica
• Languages at home: 69% English-only · Spanish 27% Korean 2% Other Asian/Pacific 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: ▼ -53.64%
• Current HPI: 130.0078
• Rent YoY: ▼ -1.65%
• 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

+27.1% since first listed

9 events — show timeline

• 2026-04-29 Price Changed $380,000 HARMLS
• 2026-03-03 Listed $390,000 HARMLS
• 2026-01-23 Listing Removed — HARMLS
• 2025-10-02 Listed $400,000 HARMLS
• 2016-05-25 Sold (Public Records) — Public Records
• 2016-05-24 Sold (MLS) — HARMLS
• 2016-04-26 Pending — HARMLS
• 2016-04-14 Pending — HARMLS
• 2016-04-01 Listed $299,000 HARMLS

Property tax history

+3.4%/yr

Latest (2025): $8,013 · +3.7% YoY. Source: county tax records.