8318 & 0 Nyssa St · Houston, TX 77078

$220,000

3 bd · 1.0 ba · 1,012 sqft · SingleFamily public records · 82 Days on market

Built 1987 7,261 sqft lot $217/sqft · at area comps Est $221k · at est. ↓ 10% since listing

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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 +9.4/30.0
• ARV discount +7.6/15.0
• Appreciation +6.2/10.0
• Livability +3.7/5.0
• DSCR +2.7/10.0
• Schools +2.7/10.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to this charming home situated on an oversized lot in a quiet, rapidly growing community. This well-maintained property features three bedrooms conveniently located on the main level, offering flexibility for a variety of living arrangements. The bathroom includes a tub/shower combination and an extended vanity for added functionality. Enjoy peace of mind with a newly installed central A/C system, along with fresh interior paint that gives the home a clean, modern feel. The expansive lot provides endless possibilities for outdoor living, future expansion, or investment potential. THE HOME AND LOT ARE BEING SOLD TOGETHER, making this a unique opportunity you don’t want to miss. Schedule your private showing today!

Key facts

• Future expansion
• Extended vanity
• Oversized lot

Tags

• OVERSIZED LOT
• NEWLY INSTALLED CENTRAL A/C
• FRESH INTERIOR PAINT
• TUB/SHOWER COMBINATION
• EXTENDED VANITY
• FUTURE EXPANSION

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $-155 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $193k (12.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $165k (24.8% below list).
• Recommended offer: $165k (24.8% 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: 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: 129 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• At $1,655/mo this rent would consume 51% of the median local household income ($39k/yr) (locally 780% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $7k of equity ($2k loan paydown + $5k appreciation (2.5% local appreciation)).
• Harris County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 5, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 82 days — a 6% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 22y ago; this cycle's ask has dropped $30k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• 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 $165,492 (24.8% 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 82 days. Have you received any prior offers? Is the seller open to a 25% 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: 0.75% ✗
• Cap rate: 5.45%
• Cash-on-cash: -3.02%
• DSCR: 0.87
• GRM: 11.1

CMA / ARV

• ARV (median comp): $220,561
• List price: $220,000
• Delta: -0.25%
• 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
8328 Caddo Rd	0.19mi	2/1.0 (-1)	934 (-8%)	12mo	$85,000	$91	64
8203 Burnt Orchid Dr	0.53mi	3/2.0	1,076 (+6%)	1mo	$249,900	$232	60
8112 Sunberry Shadow Dr	0.41mi	3/2.0	1,076 (+6%)	12mo	$251,900	$234	57
8710 Caddo Rd	0.57mi	3/1.0	976 (-4%)	14mo	$97,900	$100	56
8116 Sunberry Shadow Dr	0.42mi	3/2.0	1,076 (+6%)	14mo	$258,900	$241	55
10410 Sunny Petal Circle Dr	0.47mi	3/2.0	1,076 (+6%)	14mo	$248,900	$231	52
10404 Sunny Petal Circle Dr	0.47mi	3/2.0	1,076 (+6%)	14mo	$253,900	$236	52
8054 Parker Rd	0.32mi	3/2.0	1,140 (+13%)	14mo	$180,000	$158	48
8044 Parker Rd	0.36mi	3/2.0	1,140 (+13%)	13mo	$175,000	$154	47
8033 Alpine Bearberry Dr	0.69mi	3/2.0	1,076 (+6%)	8mo	$250,900	$233	47
8013 Alpine Bearberry Dr	0.75mi	3/2.0	1,076 (+6%)	16mo	$248,900	$231	38
8019 Alpine Bearberry Dr	0.73mi	3/2.0	1,076 (+6%)	18mo	$245,900	$229	36

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

Projected returns pro-forma

2.5% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 3.1%
• Equity multiple: 1.18×
• Total profit: $10,807
• Equity at exit: $92,751

10-year hold

• IRR: 6.7%
• Equity multiple: 1.97×
• Total profit: $59,707
• Equity at exit: $138,316

Cash invested: $61,600 (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 77078

• Home prices YoY: 0.8%
• Active inventory: 129
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $1,655 high
• Mortgage (P&I): −$1,154
• Tax from tax record: −$217 /mo · $2,607/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$348
• Net cashflow: $-155

Break-even live

Break-even rent $1,851

Max offer price $192,584

Occupancy floor —

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8302 Caddo Rd Houston, TX	2.0	1.0	896	$1,450	$1.62	43d	1	0.22mi
8213 Bigwood St Unit A Houston, TX	3.0	2.5	1150	$1,595	$1.39	43d	1	0.29mi
8126 Sterlingshire St Unit B Houston, TX	3.0	2.0	1150	$1,350	$1.17	24d	1	0.41mi
8122 Sterlingshire St Unit A Houston, TX	3.0	2.0	1160	$1,525	$1.31	15d	1	0.42mi
8122 Sterlingshire St Unit B Houston, TX	3.0	2.0	1160	$1,450	$1.25	15d	1	0.42mi
8600 Sterlingshire St Houston, TX	1.0–2.0	1.0	732	$1,050	$1.43	24d	2	0.63mi
8346 Tidwell Rd Unit B Houston, TX	3.0	2.0	980	$1,000	$1.02	43d	1	0.72mi
8350 Tidwell Rd Unit A Houston, TX	3.0	2.0	980	$975	$0.99	43d	1	0.72mi
10708 Lavender Cotton Ln Houston, TX	3.0	2.0	1406	$2,150	$1.53	43d	1	0.75mi
8003 Alpine Bearberry Dr Houston, TX	3.0–4.0	2.0–2.5	1696	$2,000	$1.18	7d	1	0.76mi
9700 Mesa Dr Houston, TX	1.0–3.0	1.0–2.0	784	$989	$1.26	2d	8	0.78mi
10314 Woodwick St Unit 1283919P Houston, TX	3.0	2.5	1496	$3,782	$2.53	7d	1	0.88mi
9550 N Wayside Dr Houston, TX	1.0–3.0	1.0–2.0	896	$1,399	$1.56	1d	5	0.92mi
9222 Hillis St Houston, TX	3.0	2.0	1498	$1,850	$1.23	43d	1	0.96mi
7726 Spinet St Houston, TX	4.0	2.0	1456	$2,375	$1.63	7d	1	0.99mi
8711 Southwark St Unit A Houston, TX	3.0	2.0	1150	$1,750	$1.52	43d	1	1.07mi
9110 Tidwell Rd Houston, TX	2.0	2.0	987	$1,185	$1.20	43d	1	1.13mi
9110 Tidwell Rd Houston, TX	2.0	2.0	987	$1,200	$1.22	24d	1	1.13mi
8006 Lynette St Houston, TX	3.0	1.0	1400	$1,475	$1.05	24d	1	1.18mi
8623 Homewood Ln Unit B Houston, TX	3.0	2.5	1150	$1,850	$1.61	18d	1	1.27mi
8623 Homewood Unit A Houston, TX	3.0	2.5	1150	$1,850	$1.61	43d	1	1.27mi
8625 Homewood Ln Unit B Houston, TX	3.0	3.0	1500	$1,850	$1.23	43d	1	1.27mi
8627 Homewood Ln Unit B Houston, TX	3.0	2.5	1500	$1,850	$1.23	43d	1	1.27mi
8631 Homewood Ln Unit A Houston, TX	3.0	2.5	1500	$1,850	$1.23	43d	1	1.28mi
8631 Homewood Ln Unit B Houston, TX	3.0	3.0	1500	$1,850	$1.23	43d	1	1.28mi
10750 Nyla Spring St Houston, TX	3.0	2.0	1500	$1,975	$1.32	18d	1	1.32mi
6822 Leedale St Houston, TX	3.0	1.0	978	$1,500	$1.53	43d	1	1.38mi
7252 Parker Rd Houston, TX	3.0	1.0	916	$1,650	$1.80	43d	1	1.44mi
8602 Wilkins Oaks Dr Houston, TX	3.0	2.0	1307	$1,775	$1.36	43d	1	1.44mi
6823 Hanley Ln Houston, TX	3.0	2.0	1303	$1,610	$1.24	5d	1	1.45mi
8213 Linda Vista Rd Houston, TX	3.0	2.0	1298	$1,625	$1.25	24d	1	1.45mi
7914 Laura Koppe Rd Houston, TX	3.0	2.0	1400	$1,850	$1.32	43d	1	1.50mi
7314 Saunders Rd Houston, TX	4.0	2.0	1339	$1,723	$1.29	14d	1	1.50mi

Listing history 17 events

1. 2026-06-18
   days on market $220,000 Active 82 DOM
2. 2026-06-17
   days on market $220,000 Active 81 DOM
3. 2026-06-16
   days on market $220,000 Active 80 DOM
4. 2026-06-15
   days on market $220,000 Active 79 DOM
5. 2026-06-13
   days on market $220,000 Active 77 DOM
6. 2026-06-10
   days on market $220,000 Active 73 DOM
7. 2026-06-08
   days on market $220,000 Active 72 DOM
8. 2026-06-07
   days on market $220,000 Active 71 DOM
9. 2026-06-04
   days on market $220,000 Active 68 DOM
10. 2026-06-01
    days on market $220,000 Active 65 DOM
11. 2026-05-31
    days on market $220,000 Active 64 DOM
12. 2026-04-11
    price $225,000 736-char remark

    Show marketing remark (736 chars)

    Welcome to this charming home situated on an oversized lot in a quiet, rapidly growing community. This well-maintained property features three bedrooms conveniently located on the main level, offering flexibility for a variety of living arrangements. The bathroom includes a tub/shower combination and an extended vanity for added functionality. Enjoy peace of mind with a newly installed central A/C system, along with fresh interior paint that gives the home a clean, modern feel. The expansive lot provides endless possibilities for outdoor living, future expansion, or investment potential. THE HOME AND LOT ARE BEING SOLD TOGETHER, making this a unique opportunity you don’t want to miss. Schedule your private showing today!

13. 2026-03-28
    listed $250,000 Active 736-char remark

    Show marketing remark (736 chars)

    Welcome to this charming home situated on an oversized lot in a quiet, rapidly growing community. This well-maintained property features three bedrooms conveniently located on the main level, offering flexibility for a variety of living arrangements. The bathroom includes a tub/shower combination and an extended vanity for added functionality. Enjoy peace of mind with a newly installed central A/C system, along with fresh interior paint that gives the home a clean, modern feel. The expansive lot provides endless possibilities for outdoor living, future expansion, or investment potential. THE HOME AND LOT ARE BEING SOLD TOGETHER, making this a unique opportunity you don’t want to miss. Schedule your private showing today!

14. 2022-12-02
    historical
15. 2004-06-02
    listed $850
16. 2004-06-02
    historical
17. 1995-09-06
    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: $2,607 · $217/mo
• Projected year-2 tax: $4,026 · $336/mo
• Expected delta: +$1,419/yr (+$118/mo · 54.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 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 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,859
• − Mortgage interest: −$12,323
• − Property taxes: −$2,607
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,589
• − Management: −$1,589
• − Depreciation: −$6,400
• Taxable loss: −$5,748
• Est. tax savings @ 24.0%: +$1,380
• After-tax cash flow: $-483/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): 14,247
• Household income: $39,093
• Rent vs Own: 43.8% rent · 56.2% own
• Severe rent burden: 780.0

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

• Race & ethnicity: Black 49% Hispanic / Latino 46% Two or more races 15% White 5%
• Hispanic origin (detail): Mexican 36% Cuban 1%
• Common ancestry: Italian 1% Hispanic 1%
• Foreign-born: 24% · Canada
• Languages at home: 59% English-only · Spanish 41%

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: ▲ 2.50%
• Current HPI: 307.0842
• 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

-10.0% since first listed

6 events — show timeline

• 2026-04-11 Price Changed $225,000 HARMLS
• 2026-03-28 Listed $250,000 HARMLS
• 2022-12-02 Rental Removed — RENT.
• 2004-06-02 Listing Removed — HARMLS
• 2004-06-02 Listed $850 HARMLS
• 1995-09-06 Sold (Public Records) — Public Records

Property tax history

+6.6%/yr

Latest (2025): $2,607 · -1.6% YoY. Source: county tax records.