212 Danna Ln · Houston, TX 77009

$275,000

3 bd · 1.0 ba · 1,120 sqft · SingleFamily public records · 88 Days on market

Built 1950 5,401 sqft lot $246/sqft · 15% below area Est $325k · 15% 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 +14.4/15.0
• Cash flow +9.2/30.0
• Livability +3.7/5.0
• 1% rule +2.8/10.0
• Rent growth +2.7/5.0
• Schools +2.7/10.0
• DSCR +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great opportunity for someone looking for a storage area, workshop, mechanic's shop, or an income producing property. Comes with 2 large carports that can accommodate anywhere between 6-8 cars, or an RV, boat, etc. The main home is 3 bedrooms with 1 full bath. It has original wood floors in most of the home. The garage apartment has a kitchenette, bedroom and eating area. Great place for a small office or just to rent out and offset costs, or storage needs. Plenty of new construction all around, and easy access to the MetroRail.

Key facts

• Original wood floors
• Storage area
• Workshop

Tags

• STORAGE AREA
• WORKSHOP
• MECHANICS SHOP
• INCOME PRODUCING PROPERTY
• LARGE CARPORTS
• ORIGINAL WOOD FLOORS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $-208 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $238k (13.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $214k (22.2% below list).
• Recommended offer: $214k (22.2% below list) — sets the bar for 1% rule.
• Cap rate 5.4% 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: Jefferson El (math 12% / reading 22%, grade F, #3,836 of 4,322 statewide, top 91%, 344 students, 95% FRL); Marshall Middle (math 14% / reading 22%, grade F, #1,491 of 1,662 statewide, top 91%, 607 students, 97% FRL); Northside H S (math 15% / reading 26%, grade F, #1,389 of 1,632 statewide, top 86%, 1,168 students, 94% FRL) — zoned schools average 95% FRL vs 71% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 18% at this address vs 31% district-wide (-12 pts) — the specific schools serving this property underperform the Houston ISD average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 605 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• This rent runs 31% of the median local income ($83k/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 $2k of loan paydown is wiped out by about $8k 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 88 days — a 6% lower offer ($258k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 10y ago; this cycle's ask has dropped $25k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $213,846 (22.2% 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 88 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. Built in 1950 — 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: 0.78% ✗
• Cap rate: 5.39%
• Cash-on-cash: -3.24%
• DSCR: 0.86
• GRM: 10.7

CMA / ARV

• ARV (median comp): $325,204
• List price: $275,000
• Delta: -15.44%
• 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
206 Delaney St	0.21mi	3/2.0	1,112 (-1%)	10mo	$299,000	$269	77
1922 Tabor St	0.38mi	3/2.0	1,102 (-2%)	9mo	$278,000	$252	68
408 Canadian St	0.48mi	2/1.0 (-1)	1,128 (+1%)	7mo	$220,000	$195	66
5402 Karcher St	0.10mi	2/1.0 (-1)	972 (-13%)	4mo	$330,000	$340	65
4725 Beggs St	0.58mi	3/2.0	1,111 (-1%)	7mo	$239,995	$216	62
513 Reid St	0.51mi	3/1.0	1,218 (+9%)	6mo	$345,000	$283	57
516 Kelley St	0.45mi	2/1.0 (-1)	1,221 (+9%)	8mo	$426,900	$350	52
417 Melbourne St	0.53mi	2/2.0 (-1)	1,072 (-4%)	14mo	$275,000	$257	48
321 King St	0.53mi	2/1.0 (-1)	980 (-12%)	8mo	$210,000	$214	43
227 Styers St	0.51mi	3/2.0	1,268 (+13%)	14mo	$178,000	$140	39
6818 Appleton St	0.73mi	3/1.0	980 (-12%)	15mo	$130,000	$133	33
1207 E 26th St	0.73mi	2/2.0 (-1)	1,014 (-10%)	11mo	$414,900	$409	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 · 0.84% rent growth · sell at horizon

5-year hold

• IRR: -24.1%
• Equity multiple: 0.19×
• Total profit: $-62,331
• Equity at exit: $41,003

10-year hold

• IRR: -26.9%
• Equity multiple: -0.16×
• Total profit: $-89,092
• Equity at exit: $23,777

Cash invested: $77,000 (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 77009

• Rents YoY: 0.8%
• Active inventory: 605
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $2,138 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$341 /mo · $4,089/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$449
• Net cashflow: $-208

Break-even live

Break-even rent $2,402

Max offer price $238,249

Occupancy floor —

Sensitivity live

Price	-10% $-52	-5% $-130	+0% $-208	+5% $-286	+10% $-364
Rent	-10% $-377	-5% $-293	+0% $-208	+5% $-124	+10% $-39
Rate	-1.0pp $-70	-0.5pp $-138	base $-208	+0.5pp $-279	+1.0pp $-352

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1617 Enid St Houston, TX	1.0–2.0	1.0–2.0	974	$2,417	$2.48	0d	54	0.40mi
1690 North Loop Houston, TX	1.0–2.0	1.0–2.0	876	$2,269	$2.59	0d	40	0.44mi
1209 Cordell St Houston, TX	2.0	2.0	990	$2,000	$2.02	4d	1	0.56mi
207 Lindale St Unit 1316403P Houston, TX	2.0	1.0	1119	$3,187	$2.85	0d	1	0.56mi
611 W Cavalcade St Houston, TX	1.0–2.0	1.0	775	$1,339	$1.73	3d	12	0.64mi
770 Strawberry Pines Ct Houston, TX	2.0–3.0	2.5	1422	$2,735	$1.92	2d	12	0.66mi
1007 Archer St Houston, TX	2.0	1.0	1008	$1,923	$1.91	3d	1	0.68mi
58 Bennington St Houston, TX	2.0	1.0	950	$950	$1.00	25d	1	0.84mi
6918 Irvington Blvd Houston, TX	2.0	2.0	1100	$1,550	$1.41	45d	1	1.05mi
4601 N Main St Houston, TX	2.0	2.0	1058	$2,095	$1.98	25d	1	1.10mi
1127 Walling St Unit R Houston, TX	2.0	2.0	1400	$2,295	$1.64	45d	1	1.17mi
914 Bunton St Houston, TX	3.0	2.0	1389	$1,950	$1.40	45d	1	1.35mi
725 Peddie St Unit 1257756P Houston, TX	2.0	1.0	1496	$5,083	$3.40	45d	1	1.35mi
4132 Europa St Houston, TX	3.0	2.0	1259	$1,430	$1.14	14d	1	1.41mi
6869 Arto St Houston, TX	1.0–2.0	1.0	900	$950	$1.06	18d	6	1.42mi
2110 Melbourne St Unit 3 Houston, TX	2.0	1.0	825	$1,350	$1.64	25d	1	1.46mi
322 E 33rd St Houston, TX	2.0	1.0	1100	$1,500	$1.36	45d	1	1.49mi
611 E 39th St Houston, TX	2.0	2.0	1326	$2,099	$1.58	45d	1	1.50mi

Listing history 23 events

1. 2026-06-21
   days on market $275,000 Active 88 DOM
2. 2026-06-18
   days on market $275,000 Active 85 DOM
3. 2026-06-17
   days on market $275,000 Active 84 DOM
4. 2026-06-16
   days on market $275,000 Active 83 DOM
5. 2026-06-15
   days on market $275,000 Active 82 DOM
6. 2026-06-13
   days on market $275,000 Active 80 DOM
7. 2026-06-10
   days on market $275,000 Active 76 DOM
8. 2026-06-08
   days on market $275,000 Active 75 DOM
9. 2026-06-07
   days on market $275,000 Active 74 DOM
10. 2026-06-04
    days on market $275,000 Active 71 DOM
11. 2026-06-01
    days on market $275,000 Active 68 DOM
12. 2026-05-31
    days on market $275,000 Active 67 DOM
13. 2026-05-01
    price $275,000 534-char remark

    Show marketing remark (534 chars)

    Great opportunity for someone looking for a storage area, workshop, mechanic's shop, or an income producing property. Comes with 2 large carports that can accommodate anywhere between 6-8 cars, or an RV, boat, etc. The main home is 3 bedrooms with 1 full bath. It has original wood floors in most of the home. The garage apartment has a kitchenette, bedroom and eating area. Great place for a small office or just to rent out and offset costs, or storage needs. Plenty of new construction all around, and easy access to the MetroRail.

14. 2026-03-25
    listed $300,000 Active 534-char remark

    Show marketing remark (534 chars)

    Great opportunity for someone looking for a storage area, workshop, mechanic's shop, or an income producing property. Comes with 2 large carports that can accommodate anywhere between 6-8 cars, or an RV, boat, etc. The main home is 3 bedrooms with 1 full bath. It has original wood floors in most of the home. The garage apartment has a kitchenette, bedroom and eating area. Great place for a small office or just to rent out and offset costs, or storage needs. Plenty of new construction all around, and easy access to the MetroRail.

15. 2026-02-14
    listed $309,000 Active 656-char remark

    Show marketing remark (656 chars)

    Charming updated 1940's family home with newer ADU. One block off Fulton, easy walk to Light Rail on quiet one block dead end street. Great investment property, Move in ready. Two separate structures great for extended family, rental or redevelopment potential. Main house 3BR/1BA 1120 sqft - ADU 1BR/1BA 400 sqft. Central air & heat in both main and "ADU"/mother in law/ office structures. Two metal carports, one 13' x 33' lots of coverage. Parking for 6-8 vehicles under cover. Quiet street property located at end of dead end, easy access to Fulton St. light rail. Wood and tile floors, all appliances and shed convey. To be sold as is.

16. 2017-01-31
    soldstatus
17. 2017-01-27
    soldstatus Sold
18. 2017-01-25
    status Pending
19. 2017-01-16
    status Option Pending
20. 2016-12-13
    price $172,900
21. 2016-10-29
    price $179,000
22. 2016-10-28
    listed $165,000 Active
23. 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: $4,089 · $341/mo
• Projected year-2 tax: $5,032 · $419/mo
• Expected delta: +$944/yr (+$79/mo · 23.1%)

ⓘ 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 · 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: $25,662
• − Mortgage interest: −$15,404
• − Property taxes: −$4,089
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,053
• − Management: −$2,053
• − Depreciation: −$8,000
• Taxable loss: −$7,312
• Est. tax savings @ 24.0%: +$1,755
• After-tax cash flow: $-742/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): 35,769
• Household income: $83,148
• Rent vs Own: 42.4% rent · 57.6% own
• Severe rent burden: 994.0

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 0.60)
• Race & ethnicity: Hispanic / Latino 53% White 33% Two or more races 22% Black 8% Asian 3%
• Hispanic origin (detail): Mexican 46%
• Common ancestry: Italian 2% Lithuanian 2% Slovak 1%
• Foreign-born: 20% · Canada
• Languages at home: 55% English-only · Spanish 40% Other Indo-European 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: ▼ -533.57%
• Current HPI: 219.5037
• Rent YoY: ▲ 0.84%
• 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

+66.7% since first listed

11 events — show timeline

• 2026-05-01 Price Changed $275,000 HARMLS
• 2026-03-25 Listed $300,000 HARMLS
• 2026-02-14 Listed $309,000 ForSaleByOwner.com
• 2017-01-31 Sold (Public Records) — Public Records
• 2017-01-27 Sold (MLS) — HARMLS
• 2017-01-25 Pending — HARMLS
• 2017-01-16 Pending — HARMLS
• 2016-12-13 Price Changed $172,900 HARMLS
• 2016-10-29 Price Changed $179,000 HARMLS
• 2016-10-28 Listed $165,000 HARMLS
• 1988-01-02 Sold (Public Records) — Public Records

Property tax history

+6.6%/yr

Latest (2025): $4,089 · +21.9% YoY. Source: county tax records.