361 N Post Oak Ln #341 · Houston, TX 77024

$166,000

2 bd · 2.0 ba · 1,134 sqft · Condo public records · 66 Days on market

Built 1970 $146/sqft · 5% below area Est $175k · 5% under $677/mo HOA · 37% of rent

---

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 +9.9/15.0
• Appreciation +8.5/10.0
• 1% rule +5.9/10.0
• Schools +4.1/10.0
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• Cash flow +3.0/30.0
• Condition / age +2.5/5.0
• DSCR +0.0/10.0

Listing remarks MLS

Location location location! Zoned to Hunters Creek Elementary / Spring Branch MS / Memorial HS. Ideally located near Memorial Park, top dining and shopping, The Galleria, and major freeways. The MAINTENANCE FEE COVERS ALL UTILITIES, parking, security, two courtyards, a beautiful pool, and a wide range of amenities. Welcome to this 2-bedroom, 2-bath condo on the TOP FLOOR! Turnkey, stylish, and thoughtfully remodeled. Just minutes from the Galleria and Uptown park. Close to the pool and allows pets.

Key facts

• Zoned to memorial hs
• $677 HOA
• Parking

Tags

• ZONED TO SPRING BRANCH MS
• ZONED TO MEMORIAL HS
• LOCATED NEAR MEMORIAL PARK
• LOCATED NEAR TOP DINING
• LOCATED NEAR SHOPPING
• LOCATED NEAR THE GALLERIA

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $166k.

Deal economics

• At list price, monthly cash flow is $-608 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $86k (48.3% below list).
• Meets the 1% rule at list price ($2k rent vs $166k).
• Recommended offer: $86k (48.3% below list) — sets the bar for cash-flow.
• Cap rate 2.4% 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: schools D, 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.
• Market conditions: Rents rising fast (+5.0%/yr); 310 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 11d 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).
• This rent is only 16% of the median local income ($136k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• In year one you build about $13k of equity ($1k loan paydown + $11k 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 3, 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 66 days — a 6% lower offer ($156k) is reasonable based on typical stale-listing flexibility.
• 17 sale attempts since 12y ago; this cycle's ask has dropped $13k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $68k; list at $166k implies a 144% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price; flood insurance adds $66/mo; HOA is 37% 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 $85,837 (48.3% 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 66 days. Have you received any prior offers? Is the seller open to a 48% 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: 1.09% ✓
• Cap rate: 2.38%
• Cash-on-cash: -13.97%
• DSCR: 0.38
• GRM: 7.6

CMA / ARV

• ARV (median comp): $175,454
• List price: $166,000
• Delta: -5.39%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 6.7%
• Equity multiple: 1.49×
• Total profit: $22,681
• Equity at exit: $114,175

10-year hold

• IRR: 9.7%
• Equity multiple: 3.24×
• Total profit: $104,288
• Equity at exit: $216,109

Cash invested: $46,480 (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: 310
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,814 high
• Mortgage (P&I): −$871
• Tax from tax record: −$358 /mo · $4,292/yr
• Insurance: −$69
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$677
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $-608

Break-even live

Break-even rent $2,583

Max offer price $85,837

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: $41,500
• Closing costs: $4,980
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
499 Carnarvon Dr Houston, TX	2.0	2.0	1171	$1,856	$1.58	24d	1	0.21mi
106 N Post Oak Ln Houston, TX	1.0	1.0	963	$1,830	$1.90	24d	1	0.55mi
106 N Post Oak Ln Houston, TX	2.0	2.0	1171	$2,084	$1.78	43d	1	0.55mi
106 N Post Oak Ln Houston, TX	2.0	2.0	1171	$2,084	$1.78	20d	1	0.55mi
99 N Post Oak Ln Houston, TX	1.0–3.0	1.0–2.0	1252	$2,277	$1.82	2d	14	0.61mi
7105 Old Katy Rd Houston, TX	1.0–2.0	1.0–2.0	907	$2,197	$2.42	2d	43	0.81mi
915 Silber Rd Unit 3187 Houston, TX	3.0	2.0	1300	$1,632	$1.26	2d	1	0.84mi
915 Silber Rd Unit 2187 Houston, TX	2.0	2.0	750	$1,107	$1.48	2d	1	0.84mi
915 Silber Rd Unit 2162 Houston, TX	2.0	2.0	750	$1,115	$1.49	4d	1	0.84mi
915 Silber Rd Unit 972 Houston, TX	2.0	2.0	750	$1,139	$1.52	10d	1	0.84mi
915 Silber Rd Unit 948 Houston, TX	3.0	2.0	1300	$1,664	$1.28	10d	1	0.84mi
502 S Post Oak Ln Houston, TX	1.0–2.0	1.0–2.0	963	$1,650	$1.71	3d	8	0.84mi
500 Sage Rd Houston, TX	2.0	2.0	1265	$2,775	$2.19	24d	1	0.89mi
415 Silber Rd Houston, TX	2.0	1.0	750	$1,200	$1.60	43d	1	0.90mi
415 Silber Rd Houston, TX	1.0	1.0	720	$1,149	$1.60	24d	1	0.90mi
415 Silber Rd Houston, TX	2.0	1.0	750	$1,200	$1.60	24d	1	0.90mi
5010 Woodway Dr Houston, TX	1.0–2.0	1.0–2.0	736	$1,585	$2.15	43d	1	0.91mi
7111 Old Katy Rd Houston, TX	2.0	1.0	1012	$1,575	$1.56	43d	1	0.93mi
7 Riverway Houston, TX	1.0–2.0	1.0–2.0	1503	$5,869	$3.90	1d	7	0.93mi
7777 Katy Fwy Houston, TX	1.0–2.0	1.0–2.0	1049	$1,928	$1.84	2d	49	0.96mi
1255 N Post Oak Rd Houston, TX	1.0–2.0	1.0–2.0	1065	$1,892	$1.78	2d	19	0.98mi
7100 Old Katy Rd Unit 422 Houston, TX	2.0	2.0	1165	$1,640	$1.41	7d	1	1.05mi
7100 Old Katy Rd Unit 2162 Houston, TX	2.0	2.0	1165	$1,640	$1.41	5d	1	1.05mi
7100 Old Katy Rd Unit 425 Houston, TX	2.0	2.0	1165	$1,632	$1.40	3d	1	1.05mi
7100 Old Katy Rd Unit 7137 Houston, TX	2.0	2.0	1165	$1,664	$1.43	11d	1	1.05mi
7100 Old Katy Rd Unit 2174 Houston, TX	2.0	2.0	1165	$1,675	$1.44	12d	1	1.05mi
807 S Post Oak Ln Houston, TX	1.0–2.0	1.0–2.0	970	$2,460	$2.54	2d	18	1.08mi
1261 N Post Oak Rd Houston, TX	2.0	2.0	1313	$1,568	$1.19	43d	1	1.08mi
3939 W 12th St Houston, TX	2.0	1.0–2.0	889	$2,775	$3.12	1d	19	1.21mi
722 International Blvd Houston, TX	1.0–3.0	1.0–3.5	1530	$1,998	$1.31	3d	31	1.21mi
731 International Blvd Unit 100 Houston, TX	2.0	2.0	960	$1,325	$1.38	43d	1	1.21mi
1148 Silber Rd Houston, TX	1.0–2.0	1.0–2.0	935	$2,235	$2.39	2d	52	1.25mi
1300 N Post Oak Rd Houston, TX	1.0	1.0	717	$1,517	$2.11	2d	18	1.25mi
6003 Westview Dr Unit ADD2 Houston, TX	2.0	2.0	1163	$2,175	$1.87	24d	1	1.30mi
6002 Westview Dr Houston, TX	2.0	2.0	1163	$2,175	$1.87	43d	1	1.34mi
1311 Post Oak Park Dr Houston, TX	1.0	1.0	741	$2,000	$2.70	43d	1	1.35mi
1000 Antoine Dr Houston, TX	1.0	1.0	725	$1,290	$1.78	11d	1	1.37mi
8512 Hempstead Rd Houston, TX	3.0	2.0	1151	$1,258	$1.09	43d	1	1.38mi
5700 Green Tree Rd Houston, TX	2.0	2.0	1168	$1,700	$1.46	43d	1	1.38mi
1317 Post Oak Park Dr Houston, TX	1.0–3.0	1.0–2.5	984	$2,414	$2.45	2d	31	1.41mi

HOA detail condo

• Monthly dues: $677 · $8,124/yr
• Likely covers: poolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-06-18
   days on market $166,000 Active 66 DOM
2. 2026-06-17
   days on market $166,000 Active 65 DOM
3. 2026-06-16
   days on market $166,000 Active 64 DOM
4. 2026-06-15
   days on market $166,000 Active 63 DOM
5. 2026-06-13
   pricedays on market $166,000 Active 61 DOM
6. 2026-06-09
   days on market $167,000 Active 57 DOM
7. 2026-06-08
   days on market $167,000 Active 56 DOM
8. 2026-06-07
   days on market $167,000 Active 55 DOM
9. 2026-06-04
   days on market $167,000 Active 52 DOM
10. 2026-06-03
    days on market $167,000 Active 51 DOM
11. 2026-06-02
    days on market $167,000 Active 50 DOM
12. 2026-06-01
    days on market $167,000 Active 49 DOM
13. 2026-05-31
    days on market $167,000 Active 48 DOM
14. 2026-05-05
    price $175,000 505-char remark

    Show marketing remark (505 chars)

    Location location location! Zoned to Hunters Creek Elementary / Spring Branch MS / Memorial HS. Ideally located near Memorial Park, top dining and shopping, The Galleria, and major freeways. The MAINTENANCE FEE COVERS ALL UTILITIES, parking, security, two courtyards, a beautiful pool, and a wide range of amenities. Welcome to this 2-bedroom, 2-bath condo on the TOP FLOOR! Turnkey, stylish, and thoughtfully remodeled. Just minutes from the Galleria and Uptown park. Close to the pool and allows pets.

15. 2026-04-13
    listed $179,000 Active 505-char remark

    Show marketing remark (505 chars)

    Location location location! Zoned to Hunters Creek Elementary / Spring Branch MS / Memorial HS. Ideally located near Memorial Park, top dining and shopping, The Galleria, and major freeways. The MAINTENANCE FEE COVERS ALL UTILITIES, parking, security, two courtyards, a beautiful pool, and a wide range of amenities. Welcome to this 2-bedroom, 2-bath condo on the TOP FLOOR! Turnkey, stylish, and thoughtfully remodeled. Just minutes from the Galleria and Uptown park. Close to the pool and allows pets.

16. 2025-11-04
    historical
17. 2025-08-21
    listed $189,000 Active
18. 2024-06-19
    historical
19. 2024-05-19
    historical $1,800
20. 2024-05-17
    listed $1,800
21. 2024-04-27
    listed $199,999 Active
22. 2024-04-25
    historical
23. 2024-04-24
    price $199,999
24. 2024-04-17
    historical $1,900
25. 2024-04-17
    listed $218,000 Active
26. 2024-04-13
    price $1,900
27. 2024-03-18
    listed $2,000
28. 2024-03-07
    historical
29. 2024-02-28
    price $198,900
30. 2024-02-09
    price $209,990
31. 2024-01-23
    listed $218,888 Active
32. 2023-06-21
    historical
33. 2023-06-14
    price $187,000
34. 2023-06-02
    price $199,000
35. 2023-05-19
    listed $204,000 Active
36. 2022-06-15
    soldstatus Sold
37. 2022-06-15
    soldstatus
38. 2022-06-10
    status Pending
39. 2022-05-10
    status Active
40. 2022-05-10
    listed $184,900 Active
41. 2022-05-10
    historical
42. 2022-05-09
    status Option Pending
43. 2022-05-04
    status Pending
44. 2022-04-02
    status Active
45. 2022-03-30
    status Option Pending
46. 2022-03-16
    historical
47. 2022-03-16
    listed $184,900 Active
48. 2022-02-28
    price $184,900
49. 2022-02-06
    listed $189,900 Active
50. 2019-05-03
    historical

ⓘ 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: $4,292 · $358/mo
• Projected year-2 tax: $4,292 · $358/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: $21,769
• − Mortgage interest: −$9,299
• − Property taxes: −$4,292
• − Insurance: −$1,628
• − Repairs & maintenance: −$1,742
• − Management: −$1,742
• − HOA: −$8,124
• − Depreciation: −$4,829
• Taxable loss: −$9,885
• Est. tax savings @ 24.0%: +$2,372
• After-tax cash flow: $-4,920/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

+157.4% since first listed

51 events — show timeline

• 2026-05-05 Price Changed $175,000 HARMLS
• 2026-04-13 Listed $179,000 HARMLS
• 2025-11-04 Listing Removed — HARMLS
• 2025-08-21 Listed $189,000 HARMLS
• 2024-06-19 Listing Removed — HARMLS
• 2024-05-19 Rental Removed $1,800 HARMLS
• 2024-05-17 Listed for Rent $1,800 HARMLS
• 2024-04-27 Listed $199,999 HARMLS
• 2024-04-25 Listing Removed — HARMLS
• 2024-04-24 Price Changed $199,999 HARMLS
• 2024-04-17 Rental Removed $1,900 HARMLS
• 2024-04-17 Listed $218,000 HARMLS
• 2024-04-13 Price Changed $1,900 HARMLS
• 2024-03-18 Listed for Rent $2,000 HARMLS
• 2024-03-07 Listing Removed — HARMLS
• 2024-02-28 Price Changed $198,900 HARMLS
• 2024-02-09 Price Changed $209,990 HARMLS
• 2024-01-23 Listed $218,888 HARMLS
• 2023-06-21 Listing Removed — HARMLS
• 2023-06-14 Price Changed $187,000 HARMLS
• 2023-06-02 Price Changed $199,000 HARMLS
• 2023-05-19 Listed $204,000 HARMLS
• 2022-06-15 Sold (Public Records) — Public Records
• 2022-06-15 Sold (MLS) — HARMLS
• 2022-06-10 Pending — HARMLS
• 2022-05-10 Relisted — HARMLS
• 2022-05-10 Listing Removed — HARMLS
• 2022-05-10 Listed $184,900 HARMLS
• 2022-05-09 Pending — HARMLS
• 2022-05-04 Pending — HARMLS
• 2022-04-02 Relisted — HARMLS
• 2022-03-30 Pending — HARMLS
• 2022-03-16 Listed $184,900 HARMLS
• 2022-03-16 Listing Removed — HARMLS
• 2022-02-28 Price Changed $184,900 HARMLS
• 2022-02-06 Listed $189,900 HARMLS
• 2019-05-03 Listing Removed — HARMLS
• 2019-04-15 Listed $174,900 HARMLS
• 2018-07-28 Listing Removed — HARMLS
• 2018-04-26 Price Changed $178,000 HARMLS
• 2018-04-25 Listed $178 HARMLS
• 2018-03-28 Sold (Public Records) — Public Records
• 2018-03-19 Sold (MLS) — HARMLS
• 2018-03-14 Pending — HARMLS
• 2018-01-14 Listed $178,000 HARMLS
• 2014-03-06 Sold (Public Records) — Public Records
• 2014-02-24 Sold (MLS) — HARMLS
• 2014-01-19 Pending — HARMLS
• 2014-01-06 Listed $149,500 HARMLS
• 1999-03-12 Sold (Public Records) — Public Records
• 1999-03-11 Sold (Public Records) $68,000 Public Records

Property tax history

+5.7%/yr

Latest (2025): $4,292 · -5.2% YoY. Source: county tax records.