1107 Bonner St · Houston, TX 77007

$475,000

3 bd · 3.5 ba · 2,320 sqft · Townhouse public records · 115 Days on market

Built 2014 1,605 sqft lot $205/sqft · at area comps Est $466k · at est.

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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).

• Cash flow +13.2/30.0
• ARV discount +6.7/15.0
• 1% rule +4.4/10.0
• DSCR +4.0/10.0
• Livability +3.7/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to 1107 Bonner St! Nestled on a quiet block in one of Houston's most sought after neighborhoods, this modern 3 story with private driveway and views of downtown is a true gem. The one owner property features 3 bedrooms and 3.5 bathrooms with a fantastic open concept living area, stainless steel appliances, and sleek finishes including Toto bidet toilets! Conveniently located near Houston's best dining and entertainment, the home provides easy access to the Heights, Montrose, and Downtown while just minutes from major highways i10, 610, 45 and 59. Schedule a tour today!

Key facts

• Private driveway
• Toto bidet toilets
• Views of downtown

Tags

• PRIVATE DRIVEWAY
• VIEWS OF DOWNTOWN
• OPEN CONCEPT LIVING AREA
• STAINLESS STEEL APPLIANCES
• TOTO BIDET TOILETS

What this means for you Summary

Snapshot

• This is a 3-bed/3.5-bath townhouse listed at $475k.

Deal economics

• At list price, monthly cash flow is $-10 ($-126/yr) — negative.
• To cash-flow at today's rent, offer at most $473k (0.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $447k (6.0% below list).
• Recommended offer: $432k (9.0% below list) — sets the bar for market timing.
• Cap rate 6.3% 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 (-0.8%/yr); 646 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• This rent runs 37% of the median local income ($145k/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 $3k of loan paydown is wiped out by about $14k 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 115 days — a 9% lower offer ($432k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 11y 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

• 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 $432,250 (9.0% 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 115 days. Have you received any prior offers? Is the seller open to a 9% 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. 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. 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: 0.94% ✗
• Cap rate: 6.27%
• Cash-on-cash: -0.09%
• DSCR: 1.00
• GRM: 8.9

CMA / ARV

• ARV (median comp): $466,284
• List price: $475,000
• Delta: 1.87%
• 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
4418 Rose St	0.23mi	3/3.5	2,324 (+0%)	2mo	$500,000	$215	88
3920 Blossom St	0.28mi	3/3.5	2,358 (+2%)	0mo	$449,000	$190	84
3945 Gibson St	0.33mi	3/3.5	2,302 (-1%)	1mo	$439,000	$191	82
633 Hartman St	0.31mi	3/3.0	2,405 (+4%)	2mo	$399,000	$166	76
414 Snover St	0.35mi	3/3.0	2,423 (+4%)	1mo	$539,900	$223	74
4214 Dickson St	0.39mi	3/3.5	2,211 (-5%)	1mo	$520,000	$235	73
3930 Blossom St	0.27mi	3/3.5	2,106 (-9%)	0mo	$408,000	$194	72
408 Parker St	0.47mi	3/3.5	2,197 (-5%)	0mo	$415,000	$189	69
5208 Blossom St #5	0.75mi	3/3.5	2,340 (+1%)	0mo	$435,000	$186	63
1361 Moy St	0.75mi	3/3.5	2,275 (-2%)	1mo	$450,000	$198	61
3934 Feagan St	0.35mi	4/3.5 (+1)	2,662 (+15%)	1mo	$525,000	$197	53
5003 Blossom St	0.62mi	2/2.0 (-1)	2,002 (-14%)	1mo	$399,000	$199	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: -20.1%
• Equity multiple: 0.32×
• Total profit: $-90,503
• Equity at exit: $70,824

10-year hold

• IRR: -22.4%
• Equity multiple: 0.03×
• Total profit: $-129,340
• Equity at exit: $41,069

Cash invested: $133,000 (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 77007

• Rents YoY: -0.8%
• Active inventory: 646
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $4,466 high
• Mortgage (P&I): −$2,491
• Tax from tax record: −$850 /mo · $10,201/yr
• Insurance: −$198
• HOA: −$0
• Vacancy / Maint / Mgmt: −$938
• Net cashflow: $-10

Break-even live

Break-even rent $4,480

Max offer price $473,146

Occupancy floor 95%

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: $118,750
• Closing costs: $14,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1221 Bonner St Houston, TX	3.0	3.5	2252	$3,200	$1.42	43d	1	0.11mi
917 Thompson St Unit 917 Houston, TX	4.0	3.5	3200	$8,000	$2.50	24d	1	0.14mi
911 Thompson St #911 Houston, TX	4.0	3.5	3200	$8,500	$2.66	24d	1	0.15mi
915 Thompson St Unit 915 Houston, TX	4.0	3.5	3200	$8,500	$2.66	24d	1	0.15mi
913 Thompson St #913 Houston, TX	4.0	3.5	3200	$8,500	$2.66	24d	1	0.15mi
4444 Center St Houston, TX	3.0	3.0	2121	$3,200	$1.51	43d	1	0.23mi
4608 Nett St Houston, TX	3.0	4.0	2261	$3,750	$1.66	43d	1	0.36mi
4311 Marina St Houston, TX	3.0	4.0	2328	$3,599	$1.55	43d	1	0.36mi
4508 Maxie St Unit B Houston, TX	3.0	1.0	1700	$3,003	$1.77	14d	1	0.37mi
4510 Inker St Houston, TX	4.0	4.0	2293	$4,500	$1.96	43d	1	0.43mi
225 S Heights Blvd Houston, TX	3.0	1.0–2.0	1186	$3,085	$2.60	2d	18	0.46mi
4917 Nolda St Houston, TX	3.0	3.5	1764	$5,000	$2.83	24d	1	0.66mi
600 Studemont St Houston, TX	1.0–2.0	1.0–2.5	1227	$2,799	$2.28	3d	24	0.68mi
3333 Allen Pkwy Unit 1000 Houston, TX	2.0	2.5	1860	$4,500	$2.42	43d	1	0.74mi
5237 Center St Houston, TX	3.0	3.0	2284	$2,995	$1.31	43d	1	0.78mi
3131 Memorial Ct Houston, TX	2.0	1.0–2.5	1336	$3,418	$2.56	1d	32	0.79mi
707 Marston St Unit 510 Houston, TX	3.0	2.0	2310	$12,482	$5.40	2d	1	0.83mi
5305 Nett St Unit A Houston, TX	3.0	3.5	2104	$2,950	$1.40	24d	1	0.84mi
716 Waugh Dr Houston, TX	1.0–3.0	1.0–2.5	1130	$4,080	$3.61	1d	29	0.87mi
5108 Larkin St Houston, TX	3.0	3.5	2108	$2,850	$1.35	44d	1	0.88mi
5201 Memorial Dr Houston, TX	1.0–2.0	1.0–2.5	1071	$3,361	$3.14	1d	21	0.96mi
100 Detering St Houston, TX	1.0–3.0	1.0–3.0	1162	$3,486	$3.00	3d	26	0.97mi
1010 Waugh Dr Houston, TX	2.0	1.0–2.5	1075	$4,657	$4.33	2d	59	0.97mi
2121 Allen Pkwy Houston, TX	1.0–3.0	1.0–3.0	1207	$3,085	$2.55	1d	42	1.02mi
5610 Schuler St Houston, TX	3.0	3.5	2614	$3,111	$1.19	5d	1	1.02mi
1027 Gross St Houston, TX	4.0	3.5	3035	$5,800	$1.91	43d	1	1.03mi
5235 Petty St Unit B Houston, TX	3.0	2.5	2532	$3,000	$1.18	43d	1	1.04mi
5336 Darling St Unit 1225767P Houston, TX	3.0	3.0	2292	$5,570	$2.43	7d	1	1.11mi
710 Stanford St Houston, TX	3.0	4.0	2438	$3,490	$1.43	43d	1	1.12mi
5811 Maxie St Houston, TX	3.0	3.5	2226	$3,000	$1.35	43d	1	1.15mi
1951 W Bell St Houston, TX	3.0	2.0	1800	$2,400	$1.33	43d	1	1.16mi
1951 W Bell St Houston, TX	3.0	2.0	1800	$2,400	$1.33	14d	1	1.16mi
1211 Marconi St Houston, TX	4.0	3.5	3020	$4,500	$1.49	43d	1	1.18mi
1118 Columbus St Unit A Houston, TX	3.0	3.5	2338	$3,000	$1.28	43d	1	1.19mi
920 Westcott St Houston, TX	1.0–2.0	1.0–2.0	1175	$3,306	$2.81	1d	29	1.20mi
2103 Radcliffe St Unit 1225772P Houston, TX	3.0	2.0	1797	$4,729	$2.63	7d	1	1.21mi
1201 McDuffie St Houston, TX	2.0	2.5	1600	$2,800	$1.75	16d	2	1.22mi
2210 Radcliffe St Houston, TX	3.0	3.5	2066	$2,716	$1.31	7d	1	1.23mi
1958 W Gray St Unit 3165 Houston, TX	3.0	2.0	3206	$15,018	$4.68	2d	1	1.23mi
1958 W Gray St Unit 1991 Houston, TX	3.0	2.0	3206	$15,050	$4.69	10d	1	1.23mi

Listing history 25 events

1. 2026-06-18
   days on market $475,000 Active 115 DOM
2. 2026-06-17
   days on market $475,000 Active 114 DOM
3. 2026-06-16
   days on market $475,000 Active 113 DOM
4. 2026-06-15
   days on market $475,000 Active 112 DOM
5. 2026-06-13
   days on market $475,000 Active 110 DOM
6. 2026-06-10
   days on market $475,000 Active 106 DOM
7. 2026-06-08
   days on market $475,000 Active 105 DOM
8. 2026-06-07
   days on market $475,000 Active 104 DOM
9. 2026-06-04
   days on market $475,000 Active 101 DOM
10. 2026-06-01
    days on market $475,000 Active 98 DOM
11. 2026-05-31
    days on market $475,000 Active 97 DOM
12. 2026-05-07
    price $475,000 594-char remark

    Show marketing remark (594 chars)

    Welcome home to 1107 Bonner St! Nestled on a quiet block in one of Houston's most sought after neighborhoods, this modern 3 story with private driveway and views of downtown is a true gem. The one owner property features 3 bedrooms and 3.5 bathrooms with a fantastic open concept living area, stainless steel appliances, and sleek finishes including Toto bidet toilets! Conveniently located near Houston's best dining and entertainment, the home provides easy access to the Heights, Montrose, and Downtown while just minutes from major highways i10, 610, 45 and 59. Schedule a tour today!

13. 2026-02-23
    listed $485,000 Active 594-char remark

    Show marketing remark (594 chars)

    Welcome home to 1107 Bonner St! Nestled on a quiet block in one of Houston's most sought after neighborhoods, this modern 3 story with private driveway and views of downtown is a true gem. The one owner property features 3 bedrooms and 3.5 bathrooms with a fantastic open concept living area, stainless steel appliances, and sleek finishes including Toto bidet toilets! Conveniently located near Houston's best dining and entertainment, the home provides easy access to the Heights, Montrose, and Downtown while just minutes from major highways i10, 610, 45 and 59. Schedule a tour today!

14. 2026-02-21
    historical
15. 2025-11-17
    listed $499,999 Active
16. 2025-11-17
    historical
17. 2025-09-18
    price $524,900
18. 2025-08-21
    listed $549,900 Active
19. 2015-06-01
    soldstatus
20. 2015-05-31
    status Pending
21. 2015-05-29
    soldstatus Sold
22. 2015-05-21
    status Option Pending
23. 2015-04-29
    status Active
24. 2015-03-25
    historical
25. 2015-03-23
    listed $419,500 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: $10,201 · $850/mo
• Projected year-2 tax: $10,201 · $850/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 9/10 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $53,597
• − Mortgage interest: −$26,607
• − Property taxes: −$10,201
• − Insurance: −$2,375
• − Repairs & maintenance: −$4,288
• − Management: −$4,288
• − Depreciation: −$13,818
• Taxable loss: −$7,980
• Est. tax savings @ 24.0%: +$1,915
• After-tax cash flow: $1,789/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): 47,808
• Household income: $144,911
• Rent vs Own: 53.8% rent · 46.2% own
• Severe rent burden: 1812.0

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 0.63)
• Race & ethnicity: White 57% Hispanic / Latino 17% Two or more races 13% Asian 11% Black 9%
• Hispanic origin (detail): Mexican 12%
• Common ancestry: Slovak 3% Romanian 3% Italian 3%
• Foreign-born: 19% · Canada, China, South Korea
• Languages at home: 75% English-only · Spanish 12% Other Indo-European 4% Chinese 2%

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: ▼ -219.42%
• Current HPI: 159.8157
• Rent YoY: ▼ -0.83%
• 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

+13.2% since first listed

14 events — show timeline

• 2026-05-07 Price Changed $475,000 HARMLS
• 2026-02-23 Listed $485,000 HARMLS
• 2026-02-21 Listing Removed — HARMLS
• 2025-11-17 Listing Removed — HARMLS
• 2025-11-17 Listed $499,999 HARMLS
• 2025-09-18 Price Changed $524,900 HARMLS
• 2025-08-21 Listed $549,900 HARMLS
• 2015-06-01 Sold (Public Records) — Public Records
• 2015-05-31 Pending — HARMLS
• 2015-05-29 Sold (MLS) — HARMLS
• 2015-05-21 Pending — HARMLS
• 2015-04-29 Relisted — HARMLS
• 2015-03-25 Listing Removed — HARMLS
• 2015-03-23 Listed $419,500 HARMLS

Property tax history

+0.6%/yr

Latest (2025): $10,201 · -2.5% YoY. Source: county tax records.