1707 Johnson St · Pasadena, TX 77502

$184,950

3 bd · 2.0 ba · 1,791 sqft · SingleFamily public records · 112 Days on market

Built 1955 5,501 sqft lot $103/sqft · 24% below area Est $243k · 24% under

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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 +10.7/30.0
• 1% rule +3.8/10.0
• Livability +3.3/5.0
• DSCR +3.1/10.0
• 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

Welcome to this beautifully updated single-story home in an established Pasadena neighborhood. The interior offers a comfortable and functional layout with multiple living spaces and bedrooms all located on the main level. Recent updates enhance the home’s overall appeal, creating a move-in-ready feel throughout. The kitchen and living areas flow naturally, making the space ideal for everyday living and entertaining. Situated on a spacious lot, the property provides room to enjoy outdoor activities while remaining conveniently located near major highways, shopping, and dining. A great opportunity for buyers seeking accessibility, comfort, and location.

Key facts

• 5,501 sq ft lot
• Built 1955
• Listed 112 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $-87 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $170k (8.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $163k (11.8% below list).
• Recommended offer: $163k (11.8% below list) — sets the bar for 1% rule.
• Cap rate 5.7% vs local median 3.5% 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: employment D+, crime F, amenities 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.
• Zoned schools: South Shaver El (math 23% / reading 28%, grade F, #2,982 of 4,322 statewide, top 70%, 500 students, 96% FRL); Bobby Shaw Middle (math 19% / reading 20%, grade F, #1,445 of 1,662 statewide, top 88%, 692 students, 95% FRL); Pasadena H S (math 41% / reading 31%, grade F, #930 of 1,632 statewide, top 57%, 2,221 students, 90% FRL) — zoned schools average 94% FRL vs 71% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 101 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• This rent runs 31% of the median local income ($62k/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 $6k 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 112 days — a 9% lower offer ($168k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 6y ago; this cycle's ask has dropped $15k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $163,086 (11.8% 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 112 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.88% ✗
• Cap rate: 5.73%
• Cash-on-cash: -2.02%
• DSCR: 0.91
• GRM: 9.5

CMA / ARV

• ARV (median comp): $243,072
• List price: $184,950
• Delta: -23.91%
• 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
2204 Merle St	0.52mi	3/2.0	1,785 (-0%)	10mo	$289,900	$162	67
1914 Monroe Dr	0.63mi	3/2.0	1,713 (-4%)	1mo	$283,000	$165	63
404 Hawthorne Ave	0.42mi	4/2.0 (+1)	1,761 (-2%)	13mo	$230,000	$131	62
804 Valerie Ave	0.52mi	4/3.0 (+1)	1,715 (-4%)	2mo	$246,999	$144	58
1007 Trimm Ave	0.60mi	4/2.0 (+1)	1,700 (-5%)	1mo	$224,899	$132	58
1714 Oaks Dr	0.71mi	4/2.0 (+1)	1,708 (-5%)	3mo	$284,900	$167	52
1111 Johnson St	0.47mi	4/2.0 (+1)	1,638 (-8%)	11mo	$250,000	$153	50
147 Campbell Ave	0.46mi	3/2.0	1,564 (-13%)	12mo	$220,000	$141	47
1215 Lafferty Rd	0.63mi	4/2.0 (+1)	2,029 (+13%)	4mo	$399,900	$197	40
710 Canary Cir	0.73mi	3/1.5	1,558 (-13%)	4mo	$140,000	$90	39
2020 Vince St	0.56mi	4/3.0 (+1)	1,568 (-12%)	11mo	$235,000	$150	35
1005 Hector Ave	0.71mi	4/1.5 (+1)	1,581 (-12%)	10mo	$193,000	$122	32

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: -19.6%
• Equity multiple: 0.32×
• Total profit: $-35,445
• Equity at exit: $27,577

10-year hold

• IRR: -12.3%
• Equity multiple: 0.27×
• Total profit: $-37,680
• Equity at exit: $15,991

Cash invested: $51,786 (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 77502

• Home prices YoY: -14.2%
• Active inventory: 101
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,631 high
• Mortgage (P&I): −$970
• Tax from tax record: −$329 /mo · $3,945/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $-87

Break-even live

Break-even rent $1,741

Max offer price $169,530

Occupancy floor —

Sensitivity live

Price	-10% $17	-5% $-35	+0% $-87	+5% $-140	+10% $-192
Rent	-10% $-216	-5% $-152	+0% $-87	+5% $-23	+10% $42
Rate	-1.0pp $6	-0.5pp $-40	base $-87	+0.5pp $-135	+1.0pp $-184

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: $46,238
• Closing costs: $5,548
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
112 Allendale Rd Pasadena, TX	4.0	2.0	1275	$1,215	$0.95	45d	1	0.35mi
112 Allendale Rd Pasadena, TX	4.0	2.0	1275	$1,215	$0.95	24d	1	0.35mi
1118 Madison Ave Pasadena, TX	3.0	2.0	1653	$1,700	$1.03	45d	1	0.55mi
1009 Richey St Pasadena, TX	1.0–3.0	1.0–2.0	885	$1,499	$1.69	0d	24	0.98mi
2730 Lafferty Rd Pasadena, TX	3.0	2.0	1377	$1,505	$1.09	19d	1	1.26mi
2730 Lafferty Rd Pasadena, TX	1.0–3.0	1.0–2.0	966	$1,505	$1.56	17d	10	1.26mi
2730 Lafferty Rd Pasadena, TX	1.0–3.0	1.0–2.0	966	$1,505	$1.56	45d	19	1.26mi

Listing history 20 events

1. 2026-05-13
   status Pending 666-char remark

   Show marketing remark (666 chars)

   Welcome to this beautifully updated single-story home in an established Pasadena neighborhood. The interior offers a comfortable and functional layout with multiple living spaces and bedrooms all located on the main level. Recent updates enhance the home’s overall appeal, creating a move-in-ready feel throughout. The kitchen and living areas flow naturally, making the space ideal for everyday living and entertaining. Situated on a spacious lot, the property provides room to enjoy outdoor activities while remaining conveniently located near major highways, shopping, and dining. A great opportunity for buyers seeking accessibility, comfort, and location.

2. 2026-04-24
   price $184,950 666-char remark

   Show marketing remark (666 chars)

   Welcome to this beautifully updated single-story home in an established Pasadena neighborhood. The interior offers a comfortable and functional layout with multiple living spaces and bedrooms all located on the main level. Recent updates enhance the home’s overall appeal, creating a move-in-ready feel throughout. The kitchen and living areas flow naturally, making the space ideal for everyday living and entertaining. Situated on a spacious lot, the property provides room to enjoy outdoor activities while remaining conveniently located near major highways, shopping, and dining. A great opportunity for buyers seeking accessibility, comfort, and location.

3. 2026-03-10
   price $195,000 666-char remark

   Show marketing remark (666 chars)

   Welcome to this beautifully updated single-story home in an established Pasadena neighborhood. The interior offers a comfortable and functional layout with multiple living spaces and bedrooms all located on the main level. Recent updates enhance the home’s overall appeal, creating a move-in-ready feel throughout. The kitchen and living areas flow naturally, making the space ideal for everyday living and entertaining. Situated on a spacious lot, the property provides room to enjoy outdoor activities while remaining conveniently located near major highways, shopping, and dining. A great opportunity for buyers seeking accessibility, comfort, and location.

4. 2026-01-20
   listed $199,900 Active 666-char remark

   Show marketing remark (666 chars)

   Welcome to this beautifully updated single-story home in an established Pasadena neighborhood. The interior offers a comfortable and functional layout with multiple living spaces and bedrooms all located on the main level. Recent updates enhance the home’s overall appeal, creating a move-in-ready feel throughout. The kitchen and living areas flow naturally, making the space ideal for everyday living and entertaining. Situated on a spacious lot, the property provides room to enjoy outdoor activities while remaining conveniently located near major highways, shopping, and dining. A great opportunity for buyers seeking accessibility, comfort, and location.

5. 2025-07-20
   historical $1,795
6. 2025-04-10
   listed $1,795
7. 2022-03-21
   soldstatus Sold 404-char remark

   Show marketing remark (404 chars)

   This 3 bedroom 2 bathroom home is a perfect opportunity for a first time home buyer or investor. The roof and HVAC are two years old. The kitchen has recent appliances, granite counter tops, and updated fixtures. The restroom has updated tile shower surrounds. Spacious lot perfect for entertaining. With a little TLC this home will shine. Minutes from 225, 610, and Beltway 8. This one is a MUST SEE!!!

8. 2022-03-21
   soldstatus

   Show marketing remark (404 chars)

   This 3 bedroom 2 bathroom home is a perfect opportunity for a first time home buyer or investor. The roof and HVAC are two years old. The kitchen has recent appliances, granite counter tops, and updated fixtures. The restroom has updated tile shower surrounds. Spacious lot perfect for entertaining. With a little TLC this home will shine. Minutes from 225, 610, and Beltway 8. This one is a MUST SEE!!!

9. 2022-03-09
   status Pending 404-char remark

   Show marketing remark (404 chars)

   This 3 bedroom 2 bathroom home is a perfect opportunity for a first time home buyer or investor. The roof and HVAC are two years old. The kitchen has recent appliances, granite counter tops, and updated fixtures. The restroom has updated tile shower surrounds. Spacious lot perfect for entertaining. With a little TLC this home will shine. Minutes from 225, 610, and Beltway 8. This one is a MUST SEE!!!

10. 2022-02-21
    price $159,000 404-char remark

    Show marketing remark (404 chars)

    This 3 bedroom 2 bathroom home is a perfect opportunity for a first time home buyer or investor. The roof and HVAC are two years old. The kitchen has recent appliances, granite counter tops, and updated fixtures. The restroom has updated tile shower surrounds. Spacious lot perfect for entertaining. With a little TLC this home will shine. Minutes from 225, 610, and Beltway 8. This one is a MUST SEE!!!

11. 2022-02-03
    listed $170,000 Active 404-char remark

    Show marketing remark (404 chars)

    This 3 bedroom 2 bathroom home is a perfect opportunity for a first time home buyer or investor. The roof and HVAC are two years old. The kitchen has recent appliances, granite counter tops, and updated fixtures. The restroom has updated tile shower surrounds. Spacious lot perfect for entertaining. With a little TLC this home will shine. Minutes from 225, 610, and Beltway 8. This one is a MUST SEE!!!

12. 2020-07-15
    soldstatus
13. 2020-07-14
    soldstatus Sold
14. 2020-06-22
    price $89,000
15. 2020-06-02
    price $99,000
16. 2020-05-14
    listed $109,000 Active
17. 2015-12-22
    soldstatus
18. 2008-11-06
    soldstatus
19. 2003-01-06
    soldstatus
20. 1988-01-02
    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: $3,945 · $329/mo
• Projected year-2 tax: $3,945 · $329/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 3/10 Moderate FEMA zone X (unshaded) · 20% 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,570
• − Mortgage interest: −$10,360
• − Property taxes: −$3,945
• − Insurance: −$925
• − Repairs & maintenance: −$1,566
• − Management: −$1,566
• − Depreciation: −$5,380
• Taxable loss: −$4,171
• Est. tax savings @ 24.0%: +$1,001
• After-tax cash flow: $-47/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
• County: Harris County · 4,702,590 people
• City population: 109,190
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 36,371
• Household income: $62,500
• Rent vs Own: 36.6% rent · 63.4% own
• Severe rent burden: 1285.0

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: Predominantly Hispanic (83%)
• Race & ethnicity: Hispanic / Latino 83% Two or more races 37% White 12% Black 4%
• Hispanic origin (detail): Mexican 75% Puerto Rican 1% Cuban 2%
• Common ancestry: Italian 1%
• Foreign-born: 30% · Canada
• Languages at home: 40% English-only · Spanish 60%

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: ▼ -46.12%
• Current HPI: 278.9293
• Rent YoY: —
• 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

+69.7% since first listed

20 events — show timeline

• 2026-05-13 Pending — HARMLS
• 2026-04-24 Price Changed $184,950 HARMLS
• 2026-03-10 Price Changed $195,000 HARMLS
• 2026-01-20 Listed $199,900 HARMLS
• 2025-07-20 Rental Removed $1,795 RENTLY
• 2025-04-10 Listed for Rent $1,795 RENTLY
• 2022-03-21 Sold (Public Records) — Public Records
• 2022-03-21 Sold (MLS) — HARMLS
• 2022-03-09 Pending — HARMLS
• 2022-02-21 Price Changed $159,000 HARMLS
• 2022-02-03 Listed $170,000 HARMLS
• 2020-07-15 Sold (Public Records) — Public Records
• 2020-07-14 Sold (MLS) — HARMLS
• 2020-06-22 Price Changed $89,000 HARMLS
• 2020-06-02 Price Changed $99,000 HARMLS
• 2020-05-14 Listed $109,000 HARMLS
• 2015-12-22 Sold (Public Records) — Public Records
• 2008-11-06 Sold (Public Records) — Public Records
• 2003-01-06 Sold (Public Records) — Public Records
• 1988-01-02 Sold (Public Records) — Public Records

Property tax history

+17.6%/yr

Latest (2025): $3,945 · +16.7% YoY. Source: county tax records.