357 N Post Oak Ln #207 · Houston, TX 77024

$126,500

1 bd · 1.0 ba · 894 sqft · Condo public records · 90 Days on market

Built 1970 $141/sqft · 21% below area Est $160k · 21% under $689/mo HOA · 50% 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
• Appreciation +8.5/10.0
• 1% rule +6.0/10.0
• Schools +4.1/10.0
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Cash flow +0.0/30.0
• DSCR +0.0/10.0

Listing remarks MLS

Price reduction. Why spend wasted time commuting endless hours to work when you can live affordably right in the heart of Memorial. Minutes from downtown, the medical center, the Galleria and all that's available in this dynamic area. Come live in this gated community with a beautiful and peaceful courtyard, community pool and its lovely setting. Just a great environment. Ride the elevator or walk the stairs located on the second floor. Walk through the front door into space, volume and light. Also, take note of the huge primary bedroom and family room. Formal dining, roomy kitchen and the washer, dryer and refrigerator will stay. VERY IMPORTANT: the monthly maintenance fees include all utilities (electricity, water, sewer, trash service, high-speed internet, cable TV, security, and even pest control). You get what you pay for. Pex plumbing lines recently installed. Also: insulated double pane windows. Bufalos Bayou Park, Loop 610 all so convenient. Save money.

Key facts

• Gated community
• Community pool
• Roomy kitchen

Tags

• GATED COMMUNITY
• BEAUTIFUL COURTYARD
• COMMUNITY POOL
• HUGE PRIMARY BEDROOM
• ROOMY KITCHEN
• PEX PLUMBING LINES

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $126k.

Deal economics

• At list price, monthly cash flow is $-673 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $49k (61.0% below list).
• Meets the 1% rule at list price ($1k rent vs $126k).
• Recommended offer: $49k (61.0% below list) — sets the bar for cash-flow.
• Cap rate 0.5% vs local median 3.2% in Houston — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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: crime F.
• Spring Branch ISD (urban): math 47% / reading 46% proficiency, ranked #215 of 826 in TX (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Hunters Creek El (math 76% / reading 66%, grade A-, #128 of 4,322 statewide, top 3%, 604 students, 18% FRL); Spring Branch Middle (math 55% / reading 49%, grade C+, #301 of 1,662 statewide, top 19%, 1,074 students, 39% FRL); Memorial H S (math 73% / reading 85%, grade A-, #50 of 1,632 statewide, top 3%, 2,555 students, 16% FRL) — zoned schools average 24% FRL vs 54% district-wide (30 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 67% at this address vs 46% district-wide (+21 pts) — the actual schools serving this property are materially stronger than the Spring Branch ISD average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+5.0%/yr); 313 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); high-income renter base; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($875 loan paydown + $9k appreciation (6.9% local appreciation)).
• Harris County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 4, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $38k; list at $126k implies a 229% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price; flood insurance adds $66/mo; HOA is 50% of rent.
• Climate carrying-cost: major 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 $49,300 (61.0% 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 90 days. Have you received any prior offers? Is the seller open to a 61% concession, seller financing, or rate buy-down credit?
3. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
6. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
7. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
8. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
9. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
10. 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?
11. 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?
12. 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?
13. 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.
14. 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.
15. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.10% ✓
• Cap rate: 0.54%
• Cash-on-cash: -20.54%
• DSCR: 0.09
• GRM: 7.6

CMA / ARV

• ARV (median comp): $159,570
• List price: $126,500
• Delta: -20.72%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

6.92% appreciation · 4.96% rent growth · sell at horizon

5-year hold

• IRR: 1.6%
• Equity multiple: 1.11×
• Total profit: $4,071
• Equity at exit: $87,007

10-year hold

• IRR: 6.1%
• Equity multiple: 2.45×
• Total profit: $51,350
• Equity at exit: $164,685

Cash invested: $35,420 (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 77024

• Home prices YoY: 2.8%
• Rents YoY: 5.0%
• Active inventory: 313
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,388 high
• Mortgage (P&I): −$663
• Tax from tax record: −$297 /mo · $3,568/yr
• Insurance: −$53
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$689
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $-673

Break-even live

Break-even rent $2,239

Max offer price $49,300

Occupancy floor —

Sensitivity live

Price	-10% $-601	-5% $-637	+0% $-673	+5% $-709	+10% $-744
Rent	-10% $-782	-5% $-728	+0% $-673	+5% $-618	+10% $-563
Rate	-1.0pp $-609	-0.5pp $-641	base $-673	+0.5pp $-706	+1.0pp $-739

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: $31,625
• Closing costs: $3,795
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
106 N Post Oak Ln Houston, TX	1.0	1.0	963	$1,830	$1.90	26d	1	0.55mi
99 N Post Oak Ln Houston, TX	1.0–3.0	1.0–2.0	1252	$1,861	$1.49	3d	14	0.61mi
915 Silber Rd Houston, TX	1.0	1.0	650	$949	$1.46	14d	1	0.81mi
7105 Old Katy Rd Houston, TX	1.0–2.0	1.0–2.0	907	$1,410	$1.55	1d	44	0.81mi
915 Silber Rd Unit 972 Houston, TX	2.0	2.0	750	$1,139	$1.52	12d	1	0.84mi
915 Silber Rd Unit 2187 Houston, TX	2.0	2.0	750	$1,099	$1.47	1d	1	0.84mi
915 Silber Rd Unit 966 Houston, TX	1.0	1.0	650	$990	$1.52	45d	1	0.84mi
915 Silber Rd Unit 1165 Houston, TX	1.0	1.0	650	$949	$1.46	1d	1	0.84mi
915 Silber Rd Unit 2165 Houston, TX	2.0	2.0	750	$1,140	$1.52	1d	1	0.84mi
915 Silber Rd Unit 2162 Houston, TX	2.0	2.0	750	$1,115	$1.49	6d	1	0.84mi
915 Silber Rd Unit 1162 Houston, TX	1.0	1.0	650	$960	$1.48	7d	1	0.84mi
915 Silber Rd Unit 936 Houston, TX	1.0	1.0	650	$995	$1.53	16d	1	0.84mi
915 Silber Rd Unit 989 Houston, TX	1.0	1.0	650	$999	$1.54	12d	1	0.84mi
502 S Post Oak Ln Houston, TX	1.0–2.0	1.0–2.0	963	$1,145	$1.19	5d	8	0.84mi
7106 Old Katy Rd Houston, TX	1.0	1.0	690	$1,494	$2.17	45d	1	0.87mi
415 Silber Rd Houston, TX	2.0	1.0	750	$1,200	$1.60	45d	1	0.90mi
415 Silber Rd Houston, TX	1.0	1.0	720	$1,149	$1.60	26d	1	0.90mi
415 Silber Rd Houston, TX	2.0	1.0	750	$1,200	$1.60	26d	1	0.90mi
5010 Woodway Dr Houston, TX	1.0–2.0	1.0–2.0	736	$1,000	$1.36	45d	1	0.91mi
7111 Old Katy Rd Houston, TX	2.0	1.0	1012	$1,575	$1.56	45d	1	0.93mi
7 Riverway Houston, TX	1.0–2.0	1.0–2.0	1503	$2,523	$1.68	0d	8	0.93mi
7777 Katy Fwy Houston, TX	1.0–2.0	1.0–2.0	1049	$1,255	$1.20	1d	47	0.96mi
1255 N Post Oak Rd Houston, TX	1.0–2.0	1.0–2.0	1065	$1,135	$1.07	0d	22	0.98mi
807 S Post Oak Ln Houston, TX	1.0–2.0	1.0–2.0	970	$1,267	$1.31	1d	20	1.08mi
4999 Post Oak Timber Dr Houston, TX	1.0	1.0	674	$1,310	$1.94	26d	1	1.14mi
3939 W 12th St Houston, TX	2.0	1.0–2.0	889	$2,050	$2.30	3d	19	1.21mi
722 International Blvd Houston, TX	1.0–3.0	1.0–3.5	1530	$960	$0.63	1d	30	1.21mi
731 International Blvd Unit 100 Houston, TX	2.0	2.0	960	$1,325	$1.38	45d	1	1.21mi
1148 Silber Rd Houston, TX	1.0–2.0	1.0–2.0	935	$1,324	$1.42	3d	52	1.25mi
1300 N Post Oak Rd Houston, TX	1.0	1.0	717	$1,517	$2.11	3d	18	1.25mi
6003 Westview Dr Houston, TX	1.0	1.0	625	$1,495	$2.39	24d	1	1.30mi
1311 Post Oak Park Dr Houston, TX	1.0	1.0	741	$2,000	$2.70	45d	1	1.35mi
1000 Antoine Dr Houston, TX	1.0	1.0	725	$1,290	$1.78	13d	1	1.37mi
5700 Green Tree Rd Houston, TX	1.0	1.0	694	$1,145	$1.65	14d	1	1.38mi
1317 Post Oak Park Dr Houston, TX	1.0–3.0	1.0–2.5	984	$1,587	$1.61	1d	30	1.41mi
58 Briar Hollow Ln Unit 1587 Houston, TX	1.0	1.0	804	$1,343	$1.67	45d	1	1.44mi
1599 Uptown Park Blvd Houston, TX	1.0	1.0	863	$2,305	$2.67	26d	1	1.46mi
7727 Washington Ave Houston, TX	1.0	1.0	639	$1,493	$2.34	45d	1	1.46mi
1200 Post Oak Blvd Houston, TX	1.0–2.0	1.0–2.0	1333	$2,209	$1.66	0d	15	1.47mi
1370 Afton St Unit 1162 Houston, TX	1.0	1.0	700	$884	$1.26	7d	1	1.48mi

HOA detail condo

• Monthly dues: $689 · $8,268/yr
• Likely covers: watersewertrashelectricinternetcablepoolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-21
   days on market $126,500 Active 90 DOM
2. 2026-06-18
   days on market $126,500 Active 87 DOM
3. 2026-06-17
   days on market $126,500 Active 86 DOM
4. 2026-06-16
   days on market $126,500 Active 85 DOM
5. 2026-06-15
   days on market $126,500 Active 84 DOM
6. 2026-06-13
   pricedays on market $126,500 Active 82 DOM
7. 2026-06-09
   days on market $128,500 Active 78 DOM
8. 2026-06-08
   days on market $128,500 Active 77 DOM
9. 2026-06-07
   days on market $128,500 Active 76 DOM
10. 2026-06-04
    days on market $128,500 Active 73 DOM
11. 2026-06-03
    days on market $128,500 Active 72 DOM
12. 2026-06-02
    days on market $128,500 Active 71 DOM
13. 2026-06-01
    days on market $128,500 Active 70 DOM
14. 2026-05-31
    days on market $128,500 Active 69 DOM
15. 2026-05-13
    price $128,500 975-char remark

    Show marketing remark (975 chars)

    Price reduction. Why spend wasted time commuting endless hours to work when you can live affordably right in the heart of Memorial. Minutes from downtown, the medical center, the Galleria and all that's available in this dynamic area. Come live in this gated community with a beautiful and peaceful courtyard, community pool and its lovely setting. Just a great environment. Ride the elevator or walk the stairs located on the second floor. Walk through the front door into space, volume and light. Also, take note of the huge primary bedroom and family room. Formal dining, roomy kitchen and the washer, dryer and refrigerator will stay. VERY IMPORTANT: the monthly maintenance fees include all utilities (electricity, water, sewer, trash service, high-speed internet, cable TV, security, and even pest control). You get what you pay for. Pex plumbing lines recently installed. Also: insulated double pane windows. Bufalos Bayou Park, Loop 610 all so convenient. Save money.

16. 2026-04-27
    price $130,500 975-char remark

    Show marketing remark (975 chars)

    Price reduction. Why spend wasted time commuting endless hours to work when you can live affordably right in the heart of Memorial. Minutes from downtown, the medical center, the Galleria and all that's available in this dynamic area. Come live in this gated community with a beautiful and peaceful courtyard, community pool and its lovely setting. Just a great environment. Ride the elevator or walk the stairs located on the second floor. Walk through the front door into space, volume and light. Also, take note of the huge primary bedroom and family room. Formal dining, roomy kitchen and the washer, dryer and refrigerator will stay. VERY IMPORTANT: the monthly maintenance fees include all utilities (electricity, water, sewer, trash service, high-speed internet, cable TV, security, and even pest control). You get what you pay for. Pex plumbing lines recently installed. Also: insulated double pane windows. Bufalos Bayou Park, Loop 610 all so convenient. Save money.

17. 2026-03-23
    listed $138,500 Active 975-char remark

    Show marketing remark (975 chars)

    Price reduction. Why spend wasted time commuting endless hours to work when you can live affordably right in the heart of Memorial. Minutes from downtown, the medical center, the Galleria and all that's available in this dynamic area. Come live in this gated community with a beautiful and peaceful courtyard, community pool and its lovely setting. Just a great environment. Ride the elevator or walk the stairs located on the second floor. Walk through the front door into space, volume and light. Also, take note of the huge primary bedroom and family room. Formal dining, roomy kitchen and the washer, dryer and refrigerator will stay. VERY IMPORTANT: the monthly maintenance fees include all utilities (electricity, water, sewer, trash service, high-speed internet, cable TV, security, and even pest control). You get what you pay for. Pex plumbing lines recently installed. Also: insulated double pane windows. Bufalos Bayou Park, Loop 610 all so convenient. Save money.

18. 2018-09-18
    soldstatus
19. 1995-01-12
    soldstatus $38,500

ⓘ 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: $3,568 · $297/mo
• Projected year-2 tax: $3,568 · $297/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 7/10 Severe FEMA zone X (unshaded) · 99% 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 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,650
• − Mortgage interest: −$7,086
• − Property taxes: −$3,568
• − Insurance: −$1,430
• − Repairs & maintenance: −$1,332
• − Management: −$1,332
• − HOA: −$8,268
• − Depreciation: −$3,680
• Taxable loss: −$10,046
• Est. tax savings @ 24.0%: +$2,411
• After-tax cash flow: $-5,662/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: Spring Branch ISD
• NCES district ID: 4841100
• Math proficiency: 47% ▼ -4.00%
• Reading proficiency: 46% ▼ -1.00%
• Median HH income: $60,311
• Composite: 40.88/100
• National rank: #3624
• State rank: #215 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): 38,288
• Household income: $136,149
• Rent vs Own: 36.7% rent · 63.3% own
• Severe rent burden: 1144.0

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 White (67%)
• Race & ethnicity: White 67% Asian 14% Hispanic / Latino 12% Two or more races 8% Black 4%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 4% Slovak 3% Italian 3%
• Foreign-born: 21% · Canada, China, South Korea
• Languages at home: 70% English-only · Spanish 11% Other Indo-European 4% Chinese 4%

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: ▲ 6.92%
• Current HPI: 256.8342
• Rent YoY: ▲ 4.96%
• 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

+233.8% since first listed

5 events — show timeline

• 2026-05-13 Price Changed $128,500 HARMLS
• 2026-04-27 Price Changed $130,500 HARMLS
• 2026-03-23 Listed $138,500 HARMLS
• 2018-09-18 Sold (Public Records) — Public Records
• 1995-01-12 Sold (Public Records) $38,500 Public Records

Property tax history

+5.8%/yr

Latest (2025): $3,568 · +7.8% YoY. Source: county tax records.