5815 Capri Forest Dr · Katy, TX 77493

$319,900

4 bd · 3.0 ba · 2,012 sqft · SingleFamily · 205 Days on market

Built 2025 Good condition 6,417 sqft lot $159/sqft · at area comps Est $328k · at est. $145/mo HOA · 5% 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).

• Cash flow +11.1/30.0
• ARV discount +8.6/15.0
• Schools +5.7/10.0
• Condition / age +4.0/5.0
• 1% rule +3.8/10.0
• Livability +3.8/5.0
• DSCR +3.2/10.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Boasting a beautiful and functional single-story layout, the Brazos plan welcomes you with a charming front porch entrance. Inside, the home is anchored by an open-concept living area, with a spacious great room that flows into a versatile dining area and a well-appointed kitchen with a center island. Toward the front of the home, the foyer leads to three secondary bedrooms-two that flank a full bath and one with an attached full bath and walk-in closet. Located on the other side of the home for added privacy, the primary suite features an attached bath and a generous walk-in closet.

Key facts

• Front porch entrance
• Foyer
• Center island

Tags

• FRONT PORCH ENTRANCE
• OPEN-CONCEPT LIVING AREA
• VERSATILE DINING AREA
• WELL-APPOINTED KITCHEN
• CENTER ISLAND
• FOYER

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $320k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-128 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $301k (5.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $282k (11.9% below list).
• Recommended offer: $282k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.8% vs local median 3.0% in Katy — 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 76/100 on livability (#111 in TX, #3,613 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: crime C-, amenities D, commute F.
• Katy ISD (suburban): math 61% / reading 63% proficiency, ranked #29 of 826 in TX (top 4%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Robert King El (math 41% / reading 44%, grade F, #1,313 of 4,322 statewide, top 31%, 981 students, 68% FRL); Katy J H (math 52% / reading 51%, grade C, #318 of 1,662 statewide, top 20%, 1,094 students, 53% FRL); Katy H S (math 62% / reading 74%, grade B, #150 of 1,632 statewide, top 10%, 3,330 students, 38% FRL) — zoned schools average 53% FRL vs 27% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-0.8%/yr); 2729 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 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

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k 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 205 days — a 12% lower offer ($282k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts; this cycle's ask has dropped $20k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $281,512 (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 205 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.88% ✗
• Cap rate: 5.81%
• Cash-on-cash: -1.72%
• DSCR: 0.92
• GRM: 9.5

CMA / ARV

• ARV (median comp): $328,270
• List price: $319,900
• Delta: -2.55%
• 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
27519 Crystalline Sage Ln	0.30mi	4/2.0	2,035 (+1%)	0mo	$371,990	$183	80
27334 Leeward Jetty Dr	0.15mi	4/3.0	2,201 (+9%)	0mo	$357,990	$163	77
5806 Havana Mist Dr	0.23mi	4/2.5	2,134 (+6%)	0mo	$305,000	$143	77
27507 Crystalline Sage Ln	0.28mi	4/3.0	2,170 (+8%)	0mo	$364,990	$168	74
26803 Scarlet Willow Dr	0.61mi	4/2.5	1,968 (-2%)	0mo	$275,240	$140	66
4680 Peony Green Dr	0.59mi	4/2.0	2,056 (+2%)	0mo	$343,990	$167	65
4784 Luna Landing Dr	0.50mi	4/3.0	2,168 (+8%)	0mo	$335,990	$155	63
6018 Bella Breeze Dr	0.45mi	4/3.0	2,294 (+14%)	0mo	$349,990	$153	55
27723 Oasis Ridge Dr	0.52mi	4/3.0	2,294 (+14%)	1mo	$375,990	$164	52
4632 Cleo Day Dr	0.66mi	3/2.0 (-1)	1,859 (-8%)	0mo	$299,990	$161	47
6418 Breakaway Grove Dr	0.68mi	4/2.5	2,263 (+12%)	0mo	$299,490	$132	46
27618 Spearmint Ridge Dr	0.70mi	3/2.0 (-1)	1,792 (-11%)	0mo	$345,990	$193	40

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -22.7%
• Equity multiple: 0.24×
• Total profit: $-68,140
• Equity at exit: $47,698

10-year hold

• IRR: -28.5%
• Equity multiple: -0.13×
• Total profit: $-101,256
• Equity at exit: $27,659

Cash invested: $89,572 (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 77493

• Rents YoY: -0.8%
• Active inventory: 2729
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,820 high
• Mortgage (P&I): −$1,678
• Tax est. 1.5%: −$400 /mo · $4,798/yr
• Insurance: −$133
• HOA: −$145
• Vacancy / Maint / Mgmt: −$592
• Net cashflow: $-128

Break-even live

Break-even rent $2,982

Max offer price $301,335

Occupancy floor 100%

Sensitivity live

Price	-10% $93	-5% $-18	+0% $-128	+5% $-239	+10% $-349
Rent	-10% $-351	-5% $-240	+0% $-128	+5% $-17	+10% $94
Rate	-1.0pp $33	-0.5pp $-47	base $-128	+0.5pp $-211	+1.0pp $-296

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: $79,975
• Closing costs: $9,597
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
27327 Blue Pool Dr Katy, TX	4.0	3.0	2100	$2,600	$1.24	45d	1	0.14mi
5819 Bright Keel Dr Katy, TX	4.0	3.0	2598	$2,400	$0.92	45d	1	0.15mi
5631 Pearl Vista Dr Katy, TX	4.0	3.0	2039	$3,000	$1.47	22d	1	0.21mi
27507 Hudson Sands Ln Katy, TX	4.0	3.0	2294	$3,000	$1.31	18d	1	0.30mi
27064 Beach Ball Dr Katy, TX	3.0–4.0	2.5–3.5	1705	$2,957	$1.73	0d	25	0.46mi
6303 Marigold Blaze Dr Katy, TX	3.0	2.0	1474	$2,250	$1.53	45d	1	0.50mi
6414 Orchid Beach Dr Katy, TX	5.0	4.0	2490	$3,000	$1.20	14d	1	0.58mi
3020 Nori Shores Dr Katy, TX	5.0	2.5	2408	$3,995	$1.66	26d	1	0.59mi
3076 Dylan Skyland Dr Katy, TX	4.0	2.5	2240	$3,395	$1.52	26d	1	0.62mi
6427 Seafoam Lake Dr Katy, TX	4.0	4.0	2479	$3,000	$1.21	0d	1	0.64mi
4633 Peony Green Dr Katy, TX	5.0	3.0	2680	$3,995	$1.49	26d	1	0.65mi
3056 Sea Turtle Dr Katy, TX	4.0	2.0	1500	$2,200	$1.47	45d	1	0.66mi
3104 Nori Shores Dr Katy, TX	5.0	2.5	1947	$3,695	$1.90	5d	1	0.78mi
3084 Fantasy Terrace Dr Katy, TX	4.0	2.0	2085	$2,325	$1.12	14d	1	0.79mi
3072 Fantasy Terrace Dr Katy, TX	4.0	2.0	2279	$2,550	$1.12	24d	1	0.81mi
3081 Fantasy Terrace Dr Katy, TX	4.0	2.0	1670	$2,275	$1.36	26d	1	0.81mi
3053 Fantasy Terrace Dr Katy, TX	4.0	2.0	2085	$2,440	$1.17	17d	1	0.85mi
3064 Dawn Sound Dr Katy, TX	3.0	2.0	1464	$1,950	$1.33	45d	1	0.86mi
3057 Majestic Sunrise Dr Katy, TX	4.0	2.0	1644	$2,252	$1.37	26d	1	0.91mi
3041 Colusa Ridge Dr Katy, TX	4.0	2.5	2263	$2,500	$1.10	14d	1	0.92mi
3048 Majestic Sunrise Dr Katy, TX	4.0	2.0	1670	$2,275	$1.36	26d	1	0.94mi
3071 Wild Dunes Dr Katy, TX	3.0	2.0	1538	$2,164	$1.41	26d	1	0.95mi
3083 Wild Dunes Dr Katy, TX	3.0	2.0	1538	$2,185	$1.42	14d	1	0.95mi
3020 Wild Dunes Dr Katy, TX	4.0	2.0	1776	$2,355	$1.33	14d	1	0.95mi
3112 Wild Dunes Dr Katy, TX	4.0	2.0	1776	$2,330	$1.31	26d	1	0.98mi
3124 Wild Dunes Dr Katy, TX	4.0	2.0	1776	$2,330	$1.31	26d	1	0.98mi
3136 Wild Dunes Dr Katy, TX	4.0	2.0	1776	$2,355	$1.33	14d	1	0.99mi
3037 Wild Dunes Dr Katy, TX	3.0	2.0	1538	$2,164	$1.41	26d	1	0.99mi
3004 Majestic Sunrise Dr Katy, TX	3.0	2.0	1474	$1,942	$1.32	45d	1	0.99mi
1495 Twilight Green Dr Katy, TX	3.0	2.5	2000	$2,400	$1.20	45d	1	1.00mi
26811 Prairie Smoke Ln Katy, TX	4.0	2.0	1656	$2,250	$1.36	45d	1	1.14mi
3004 Fall Gold Ln Katy, TX	5.0	3.0	2156	$3,850	$1.79	45d	1	1.20mi
3004 Fall Gold Ln Katy, TX	5.0	3.0	2156	$2,599	$1.21	1d	1	1.20mi
26642 Prairie Smoke Ln Katy, TX	3.0	2.0	1949	$2,300	$1.18	45d	1	1.26mi
27035 Beacon Glen Dr Katy, TX	2.0–4.0	2.0–3.0	1890	$3,949	$2.09	0d	17	1.27mi
5835 Big Bluestem Ln Katy, TX	5.0	3.0	2890	$2,406	$0.83	45d	1	1.41mi
6758 Sunset Velvet Dr Katy, TX	3.0	2.0	1580	$2,350	$1.49	45d	1	1.46mi

HOA detail

• Monthly dues: $145 · $1,740/yr

Listing history 34 events

1. 2026-06-21
   days on market $319,900 Active 205 DOM
2. 2026-06-18
   days on market $319,900 Active 202 DOM
3. 2026-06-17
   days on market $319,900 Active 201 DOM
4. 2026-06-16
   days on market $319,900 Active 200 DOM
5. 2026-06-15
   days on market $319,900 Active 199 DOM
6. 2026-06-09
   days on market $319,900 Active 193 DOM
7. 2026-06-08
   days on market $319,900 Active 192 DOM
8. 2026-06-07
   days on market $319,900 Active 191 DOM
9. 2026-06-04
   days on market $319,900 Active 188 DOM
10. 2026-06-03
    days on market $319,900 Active 187 DOM
11. 2026-06-02
    days on market $319,900 Active 186 DOM
12. 2026-06-01
    days on market $319,900 Active 185 DOM
13. 2026-05-31
    days on market $319,900 Active 184 DOM
14. 2026-05-12
    price $389,215 590-char remark

    Show marketing remark (590 chars)

    Boasting a beautiful and functional single-story layout, the Brazos plan welcomes you with a charming front porch entrance. Inside, the home is anchored by an open-concept living area, with a spacious great room that flows into a versatile dining area and a well-appointed kitchen with a center island. Toward the front of the home, the foyer leads to three secondary bedrooms-two that flank a full bath and one with an attached full bath and walk-in closet. Located on the other side of the home for added privacy, the primary suite features an attached bath and a generous walk-in closet.

15. 2026-05-05
    price $319,900 596-char remark

    Show marketing remark (596 chars)

    Boasting a beautiful and functional single-story layout, the Brazos plan welcomes you with a charming front porch entrance. Inside, the home is anchored by an open-concept living area, with a spacious great room that flows into a versatile dining area and a well-appointed kitchen with a center island. Toward the front of the home, the foyer leads to three secondary bedrooms—two that flank a full bath and one with an attached full bath and walk-in closet. Located on the other side of the home for added privacy, the primary suite features an attached bath and a generous walk-in closet.

16. 2026-05-02
    price $319,900 590-char remark

    Show marketing remark (590 chars)

    Boasting a beautiful and functional single-story layout, the Brazos plan welcomes you with a charming front porch entrance. Inside, the home is anchored by an open-concept living area, with a spacious great room that flows into a versatile dining area and a well-appointed kitchen with a center island. Toward the front of the home, the foyer leads to three secondary bedrooms-two that flank a full bath and one with an attached full bath and walk-in closet. Located on the other side of the home for added privacy, the primary suite features an attached bath and a generous walk-in closet.

17. 2026-03-22
    price $349,900 590-char remark

    Show marketing remark (590 chars)

    Boasting a beautiful and functional single-story layout, the Brazos plan welcomes you with a charming front porch entrance. Inside, the home is anchored by an open-concept living area, with a spacious great room that flows into a versatile dining area and a well-appointed kitchen with a center island. Toward the front of the home, the foyer leads to three secondary bedrooms-two that flank a full bath and one with an attached full bath and walk-in closet. Located on the other side of the home for added privacy, the primary suite features an attached bath and a generous walk-in closet.

18. 2026-03-20
    price $349,900 596-char remark

    Show marketing remark (596 chars)

    Boasting a beautiful and functional single-story layout, the Brazos plan welcomes you with a charming front porch entrance. Inside, the home is anchored by an open-concept living area, with a spacious great room that flows into a versatile dining area and a well-appointed kitchen with a center island. Toward the front of the home, the foyer leads to three secondary bedrooms—two that flank a full bath and one with an attached full bath and walk-in closet. Located on the other side of the home for added privacy, the primary suite features an attached bath and a generous walk-in closet.

19. 2026-02-26
    price $354,900 590-char remark

    Show marketing remark (590 chars)

    Boasting a beautiful and functional single-story layout, the Brazos plan welcomes you with a charming front porch entrance. Inside, the home is anchored by an open-concept living area, with a spacious great room that flows into a versatile dining area and a well-appointed kitchen with a center island. Toward the front of the home, the foyer leads to three secondary bedrooms-two that flank a full bath and one with an attached full bath and walk-in closet. Located on the other side of the home for added privacy, the primary suite features an attached bath and a generous walk-in closet.

20. 2026-02-25
    price $354,900 596-char remark

    Show marketing remark (596 chars)

    Boasting a beautiful and functional single-story layout, the Brazos plan welcomes you with a charming front porch entrance. Inside, the home is anchored by an open-concept living area, with a spacious great room that flows into a versatile dining area and a well-appointed kitchen with a center island. Toward the front of the home, the foyer leads to three secondary bedrooms—two that flank a full bath and one with an attached full bath and walk-in closet. Located on the other side of the home for added privacy, the primary suite features an attached bath and a generous walk-in closet.

21. 2026-01-08
    status Active 596-char remark

    Show marketing remark (596 chars)

    Boasting a beautiful and functional single-story layout, the Brazos plan welcomes you with a charming front porch entrance. Inside, the home is anchored by an open-concept living area, with a spacious great room that flows into a versatile dining area and a well-appointed kitchen with a center island. Toward the front of the home, the foyer leads to three secondary bedrooms—two that flank a full bath and one with an attached full bath and walk-in closet. Located on the other side of the home for added privacy, the primary suite features an attached bath and a generous walk-in closet.

22. 2026-01-08
    price $359,900 596-char remark

    Show marketing remark (596 chars)

    Boasting a beautiful and functional single-story layout, the Brazos plan welcomes you with a charming front porch entrance. Inside, the home is anchored by an open-concept living area, with a spacious great room that flows into a versatile dining area and a well-appointed kitchen with a center island. Toward the front of the home, the foyer leads to three secondary bedrooms—two that flank a full bath and one with an attached full bath and walk-in closet. Located on the other side of the home for added privacy, the primary suite features an attached bath and a generous walk-in closet.

23. 2025-11-17
    price $359,900 590-char remark

    Show marketing remark (590 chars)

    Boasting a beautiful and functional single-story layout, the Brazos plan welcomes you with a charming front porch entrance. Inside, the home is anchored by an open-concept living area, with a spacious great room that flows into a versatile dining area and a well-appointed kitchen with a center island. Toward the front of the home, the foyer leads to three secondary bedrooms-two that flank a full bath and one with an attached full bath and walk-in closet. Located on the other side of the home for added privacy, the primary suite features an attached bath and a generous walk-in closet.

24. 2025-11-14
    status Active 590-char remark

    Show marketing remark (590 chars)

    Boasting a beautiful and functional single-story layout, the Brazos plan welcomes you with a charming front porch entrance. Inside, the home is anchored by an open-concept living area, with a spacious great room that flows into a versatile dining area and a well-appointed kitchen with a center island. Toward the front of the home, the foyer leads to three secondary bedrooms-two that flank a full bath and one with an attached full bath and walk-in closet. Located on the other side of the home for added privacy, the primary suite features an attached bath and a generous walk-in closet.

25. 2025-11-14
    price $389,215 590-char remark

    Show marketing remark (590 chars)

    Boasting a beautiful and functional single-story layout, the Brazos plan welcomes you with a charming front porch entrance. Inside, the home is anchored by an open-concept living area, with a spacious great room that flows into a versatile dining area and a well-appointed kitchen with a center island. Toward the front of the home, the foyer leads to three secondary bedrooms-two that flank a full bath and one with an attached full bath and walk-in closet. Located on the other side of the home for added privacy, the primary suite features an attached bath and a generous walk-in closet.

26. 2025-09-24
    historical 590-char remark

    Show marketing remark (596 chars)

    Boasting a beautiful and functional single-story layout, the Brazos plan welcomes you with a charming front porch entrance. Inside, the home is anchored by an open-concept living area, with a spacious great room that flows into a versatile dining area and a well-appointed kitchen with a center island. Toward the front of the home, the foyer leads to three secondary bedrooms—two that flank a full bath and one with an attached full bath and walk-in closet. Located on the other side of the home for added privacy, the primary suite features an attached bath and a generous walk-in closet.

27. 2025-09-24
    status Pending 596-char remark

    Show marketing remark (596 chars)

    Boasting a beautiful and functional single-story layout, the Brazos plan welcomes you with a charming front porch entrance. Inside, the home is anchored by an open-concept living area, with a spacious great room that flows into a versatile dining area and a well-appointed kitchen with a center island. Toward the front of the home, the foyer leads to three secondary bedrooms—two that flank a full bath and one with an attached full bath and walk-in closet. Located on the other side of the home for added privacy, the primary suite features an attached bath and a generous walk-in closet.

28. 2025-08-29
    listed $339,900 Active 590-char remark

    Show marketing remark (590 chars)

    Boasting a beautiful and functional single-story layout, the Brazos plan welcomes you with a charming front porch entrance. Inside, the home is anchored by an open-concept living area, with a spacious great room that flows into a versatile dining area and a well-appointed kitchen with a center island. Toward the front of the home, the foyer leads to three secondary bedrooms-two that flank a full bath and one with an attached full bath and walk-in closet. Located on the other side of the home for added privacy, the primary suite features an attached bath and a generous walk-in closet.

29. 2025-08-14
    listed $339,900 Active 596-char remark

    Show marketing remark (596 chars)

    Boasting a beautiful and functional single-story layout, the Brazos plan welcomes you with a charming front porch entrance. Inside, the home is anchored by an open-concept living area, with a spacious great room that flows into a versatile dining area and a well-appointed kitchen with a center island. Toward the front of the home, the foyer leads to three secondary bedrooms—two that flank a full bath and one with an attached full bath and walk-in closet. Located on the other side of the home for added privacy, the primary suite features an attached bath and a generous walk-in closet.

30. 2025-08-14
    historical

    Show marketing remark (596 chars)

    Boasting a beautiful and functional single-story layout, the Brazos plan welcomes you with a charming front porch entrance. Inside, the home is anchored by an open-concept living area, with a spacious great room that flows into a versatile dining area and a well-appointed kitchen with a center island. Toward the front of the home, the foyer leads to three secondary bedrooms—two that flank a full bath and one with an attached full bath and walk-in closet. Located on the other side of the home for added privacy, the primary suite features an attached bath and a generous walk-in closet.

31. 2025-07-13
    price $339,900
32. 2025-06-25
    price $349,900
33. 2025-04-27
    price $374,900
34. 2025-04-17
    listed $384,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 69% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,835
• − Mortgage interest: −$17,919
• − Property taxes: −$4,798
• − Insurance: −$1,600
• − Repairs & maintenance: −$2,707
• − Management: −$2,707
• − HOA: −$1,740
• − Depreciation: −$9,306
• Taxable loss: −$6,942
• Est. tax savings @ 24.0%: +$1,666
• After-tax cash flow: $127/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.

Condition & rehab AI · 3 photos

Good 80/100 Cosmetic rehab

This single-story home presents as move-in ready with a good condition score and minimal repairs needed. It offers a good investment opportunity with potential for both resale and rental value through minor updates.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics.
• Both Landscaping improvements — Enhanced landscaping can increase curb appeal and property value.
• Resale Kitchen appliances — Upgrading to modern appliances can attract more buyers.
• Resale Bathroom fixtures — Upgrading fixtures can make bathrooms more appealing to potential buyers.
• Rental HVAC system maintenance — A well-maintained HVAC system can attract renters and reduce utility costs.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhanced landscaping can increase curb appeal and property value. ↑
• Resale Kitchen appliances — Upgrading to modern appliances can attract more buyers. ↑
• Resale Bathroom fixtures — Upgrading fixtures can make bathrooms more appealing to potential buyers. ↑
• Rental HVAC system maintenance — A well-maintained HVAC system can attract renters and reduce utility costs. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Katy ISD
• NCES district ID: 4825170
• Math proficiency: 61% ▼ -7.00%
• Reading proficiency: 63% ▼ -3.00%
• Median HH income: $90,312
• Composite: 56.59/100
• National rank: #1146
• State rank: #29 of 826 in TX

Livability — Katy

• Score: 76/100
• State rank: #111
• US rank: #3613

Category grades

Amenities D Commute F Cost of living A+ Crime C- Employment A+ Housing A+ Health & safety C User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Harris County · 4,702,590 people
• City population: 413,575
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 71,484
• Household income: $118,464
• Rent vs Own: 20.4% rent · 79.6% own
• Severe rent burden: 913.0

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: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: White 36% Hispanic / Latino 33% Two or more races 16% Black 15% Asian 12%
• Hispanic origin (detail): Mexican 20%
• Common ancestry: Lithuanian 2% Slovak 1% Italian 1%
• Foreign-born: 21% · Canada, Vietnam, Jamaica
• Languages at home: 64% English-only · Spanish 22% Vietnamese 5% French/Haitian/Cajun 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: ▼ -140.65%
• Current HPI: 233.1683
• Rent YoY: ▼ -0.80%
• 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

+1.1% since first listed

21 events — show timeline

• 2026-05-12 Price Changed $389,215 Zillow
• 2026-05-05 Price Changed $319,900 HARMLS
• 2026-05-02 Price Changed $319,900 Zillow
• 2026-03-22 Price Changed $349,900 Zillow
• 2026-03-20 Price Changed $349,900 HARMLS
• 2026-02-26 Price Changed $354,900 Zillow
• 2026-02-25 Price Changed $354,900 HARMLS
• 2026-01-08 Relisted — HARMLS
• 2026-01-08 Price Changed $359,900 HARMLS
• 2025-11-17 Price Changed $359,900 Zillow
• 2025-11-14 Price Changed $389,215 Zillow
• 2025-11-14 Relisted — Zillow
• 2025-09-24 Delisted — Zillow
• 2025-09-24 Pending — HARMLS
• 2025-08-29 Listed $339,900 Zillow
• 2025-08-14 Listing Removed — HARMLS
• 2025-08-14 Listed $339,900 HARMLS
• 2025-07-13 Price Changed $339,900 HARMLS
• 2025-06-25 Price Changed $349,900 HARMLS
• 2025-04-27 Price Changed $374,900 HARMLS
• 2025-04-17 Listed $384,900 HARMLS