7626 Avenue H · Houston, TX 77012

$155,000

2 bd · 1.0 ba · 1,315 sqft · SingleFamily public records · 170 Days on market

Built 1930 3,676 sqft lot Est $249k · 38% under

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Why this score? — see what drove the C- 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 +12.4/30.0
• 1% rule +5.6/10.0
• Appreciation +4.0/10.0
• DSCR +3.7/10.0
• Livability +3.7/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

GREAT INCOME PRODUCING PROPERTY. WITH A TWO BEDROOM GARAGE APARTMENT ON THE BACK. CONCRETE PATIO ON THE BACK OF THE HOUSE. CARPORT FOR TWO CARS. NICE KITCHEN WITH LOT OF CABINETS, FORMAL DINING. READY TO MOVE IN.

Key facts

• Garage apartment
• Prime location
• 3,676 sq ft lot

Tags

• GARAGE APARTMENT
• PRIME LOCATION
• ADDED INCOME POTENTIAL

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $-25 ($-297/yr) — negative.
• To cash-flow at today's rent, offer at most $151k (2.8% below list).
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $136k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.1% 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: 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.
• Zoned schools: De Zavala El (math 20% / reading 27%, grade F, #3,247 of 4,322 statewide, top 76%, 389 students, 95% FRL); Edison Middle (math 12% / reading 16%, grade F, #1,596 of 1,662 statewide, top 96%, 460 students, 96% FRL); Milby H S (math 28% / reading 38%, grade F, #1,023 of 1,632 statewide, top 63%, 2,107 students, 93% FRL) — zoned schools average 95% FRL vs 71% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 75 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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).

Forward outlook

• Local home prices are declining (-2.1%/yr); year-one equity from $1k of loan paydown is wiped out by about $3k 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 170 days — a 12% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 12y ago; this cycle's ask has dropped $70k (31%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.4% of price; built in 1930 — 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,400 (12.0% 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 170 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 1930 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
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: 1.06% ✓
• Cap rate: 6.10%
• Cash-on-cash: -0.68%
• DSCR: 0.97
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $248,535
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7808 Avenue F	0.24mi	2/1.0	1,353 (+3%)	1mo	$119,950	$89	83
7706 Canal St	0.10mi	3/2.0 (+1)	1,404 (+7%)	1mo	$215,000	$153	74
7409 Avenue K	0.34mi	2/2.0	1,232 (-6%)	6mo	$239,500	$194	64
706 72nd St	0.56mi	3/2.0 (+1)	1,300 (-1%)	9mo	$260,000	$200	55
7937 Baltimore St	0.55mi	3/3.0 (+1)	1,328 (+1%)	15mo	$149,000	$112	47
109 Canton St	0.49mi	3/1.5 (+1)	1,447 (+10%)	16mo	$220,000	$152	40
7226 Avenue F	0.51mi	3/2.0 (+1)	1,465 (+11%)	10mo	$277,000	$189	40
7305 Walker St	0.74mi	3/2.0 (+1)	1,365 (+4%)	13mo	$165,000	$121	39
7204 Avenue E	0.58mi	3/2.0 (+1)	1,139 (-13%)	9mo	$234,900	$206	35
212 S 74th 1/2 St	0.53mi	3/2.0 (+1)	1,466 (+12%)	15mo	$325,000	$222	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-2.08% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -12.0%
• Equity multiple: 0.53×
• Total profit: $-20,486
• Equity at exit: $29,525

10-year hold

• IRR: -4.1%
• Equity multiple: 0.68×
• Total profit: $-13,790
• Equity at exit: $24,682

Cash invested: $43,400 (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 77012

• Home prices YoY: -0.8%
• Active inventory: 75
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,641 high
• Mortgage (P&I): −$813
• Tax from tax record: −$444 /mo · $5,324/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$345
• Net cashflow: $-25

Break-even live

Break-even rent $1,672

Max offer price $150,628

Occupancy floor 97%

Sensitivity live

Price	-10% $63	-5% $19	+0% $-25	+5% $-69	+10% $-112
Rent	-10% $-154	-5% $-90	+0% $-25	+5% $40	+10% $105
Rate	-1.0pp $53	-0.5pp $15	base $-25	+0.5pp $-65	+1.0pp $-106

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7310 Sherman St Houston, TX	1.0–3.0	1.0–2.0	879	$1,299	$1.48	1d	11	0.43mi
7334 Texas St Houston, TX	3.0	2.0	1782	$2,200	$1.23	45d	1	0.53mi
7250 Avenue C Houston, TX	1.0–3.0	1.0–2.0	886	$1,415	$1.60	1d	15	0.59mi
217 N 72nd St Houston, TX	2.0	2.0	1017	$1,525	$1.50	45d	1	0.65mi
7043 Avenue L Houston, TX	3.0	2.0	999	$1,845	$1.85	45d	1	0.76mi
2203 Pearl St Houston, TX	3.0	2.0	1298	$1,570	$1.21	16d	1	1.28mi

Listing history 20 events

1. 2026-03-25
   status Pending
2. 2026-03-10
   status Pending
3. 2026-02-24
   price $155,000
4. 2026-02-24
   status Active
5. 2026-01-26
   status Pending
6. 2026-01-14
   status Pending
7. 2025-10-30
   price $199,999
8. 2025-10-06
   status Active
9. 2025-09-29
   status Pending
10. 2025-08-29
    listed $224,999 Active
11. 2015-04-30
    soldstatus
12. 2015-04-15
    soldstatus Sold 212-char remark

    Show marketing remark (212 chars)

    GREAT INCOME PRODUCING PROPERTY. WITH A TWO BEDROOM GARAGE APARTMENT ON THE BACK. CONCRETE PATIO ON THE BACK OF THE HOUSE. CARPORT FOR TWO CARS. NICE KITCHEN WITH LOT OF CABINETS, FORMAL DINING. READY TO MOVE IN.

13. 2015-03-25
    status Pending 212-char remark

    Show marketing remark (212 chars)

    GREAT INCOME PRODUCING PROPERTY. WITH A TWO BEDROOM GARAGE APARTMENT ON THE BACK. CONCRETE PATIO ON THE BACK OF THE HOUSE. CARPORT FOR TWO CARS. NICE KITCHEN WITH LOT OF CABINETS, FORMAL DINING. READY TO MOVE IN.

14. 2015-01-06
    listed $92,000 Active 212-char remark

    Show marketing remark (212 chars)

    GREAT INCOME PRODUCING PROPERTY. WITH A TWO BEDROOM GARAGE APARTMENT ON THE BACK. CONCRETE PATIO ON THE BACK OF THE HOUSE. CARPORT FOR TWO CARS. NICE KITCHEN WITH LOT OF CABINETS, FORMAL DINING. READY TO MOVE IN.

15. 2015-01-01
    historical
16. 2014-10-21
    price $95,900
17. 2014-09-18
    price $106,000
18. 2014-07-18
    listed $110,000 Active
19. 2013-05-13
    soldstatus
20. 1997-05-09
    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: $5,324 · $444/mo
• Projected year-2 tax: $5,324 · $444/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) · 27% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥110°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: $19,692
• − Mortgage interest: −$8,682
• − Property taxes: −$5,324
• − Insurance: −$775
• − Repairs & maintenance: −$1,575
• − Management: −$1,575
• − Depreciation: −$4,509
• Taxable loss: −$2,750
• Est. tax savings @ 24.0%: +$660
• After-tax cash flow: $363/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
• City population: 3,226,434
• Population (ZIP): 16,780

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 (92%)
• Race & ethnicity: Hispanic / Latino 92% Two or more races 35% Black 5% White 2%
• Hispanic origin (detail): Mexican 80%
• Common ancestry: Lithuanian 2%
• Foreign-born: 37% · Canada, Jamaica
• Languages at home: 18% English-only · Spanish 82%

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: ▼ -2.08%
• Current HPI: 274.5729
• 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

+40.9% since first listed

20 events — show timeline

• 2026-03-25 Pending — HARMLS
• 2026-03-10 Pending — HARMLS
• 2026-02-24 Price Changed $155,000 HARMLS
• 2026-02-24 Relisted — HARMLS
• 2026-01-26 Pending — HARMLS
• 2026-01-14 Pending — HARMLS
• 2025-10-30 Price Changed $199,999 HARMLS
• 2025-10-06 Relisted — HARMLS
• 2025-09-29 Pending — HARMLS
• 2025-08-29 Listed $224,999 HARMLS
• 2015-04-30 Sold (Public Records) — Public Records
• 2015-04-15 Sold (MLS) — HARMLS
• 2015-03-25 Pending — HARMLS
• 2015-01-06 Listed $92,000 HARMLS
• 2015-01-01 Listing Removed — HARMLS
• 2014-10-21 Price Changed $95,900 HARMLS
• 2014-09-18 Price Changed $106,000 HARMLS
• 2014-07-18 Listed $110,000 HARMLS
• 2013-05-13 Sold (Public Records) — Public Records
• 1997-05-09 Sold (Public Records) — Public Records

Property tax history

+7.9%/yr

Latest (2025): $5,324 · +3.6% YoY. Source: county tax records.