4617 White Rock St · Houston, TX 77051

$320,000

3 bd · 2.5 ba · 1,967 sqft · SingleFamily public records · 104 Days on market

Built 2017 5,854 sqft lot $163/sqft · 11% above area Est $289k · 11% over

---

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).

• Appreciation +10.0/10.0
• Cash flow +7.7/30.0
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• 1% rule +2.8/10.0
• ARV discount +2.8/15.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• DSCR +1.8/10.0

Listing remarks MLS

Don't miss out on this stunning 4 bed, 2.5 bath home with a spacious yard! Enjoy the open concept layout, abundant natural light, and modern finishes throughout. The first-floor primary suite features a luxurious bath with double sinks, separate shower, and tub. Upstairs, you'll find three large bedrooms . The backyard is perfect for entertaining with no back neighbors. Conveniently located near Med ctr, downtown Houston, NRG stadium, shopping, dining, and entertainment, with easy access to major highways. NO HOA! Schedule your showing today before it's gone! *pics prior to current tenant moving in*

Key facts

• Spacious yard
• Luxurious bath
• No back neighbors

Tags

• SPACIOUS YARD
• OPEN CONCEPT LAYOUT
• FIRST-FLOOR PRIMARY SUITE
• LUXURIOUS BATH
• BACKYARD FOR ENTERTAINING
• NO BACK NEIGHBORS

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $320k.

Deal economics

• At list price, monthly cash flow is $-377 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $253k (20.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $248k (22.5% below list).
• Recommended offer: $248k (22.5% below list) — sets the bar for 1% rule.
• Cap rate 4.9% 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: Rents rising fast (+4.8%/yr); 315 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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 $2,481/mo this rent would consume 80% of the median local household income ($37k/yr) (locally 1446% 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 $34k of equity ($2k loan paydown + $32k appreciation (10.0% local appreciation)).
• Harris County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$55k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 104 days — a 9% lower offer ($291k) is reasonable based on typical stale-listing flexibility.
• 15 sale attempts since 9y ago; this cycle's ask is 14784% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

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 $248,113 (22.5% 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 104 days. Have you received any prior offers? Is the seller open to a 22% 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: 0.78% ✗
• Cap rate: 4.88%
• Cash-on-cash: -5.05%
• DSCR: 0.78
• GRM: 10.7

CMA / ARV

• ARV (median comp): $289,489
• List price: $320,000
• Delta: 10.54%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4427 Elmwood St	0.35mi	3/2.5	1,995 (+1%)	4mo	$310,000	$155	78
4425 Elmwood St	0.35mi	3/2.5	1,995 (+1%)	4mo	$310,000	$155	78
4830 Teton St	0.26mi	4/3.0 (+1)	1,912 (-3%)	3mo	$270,000	$141	74
4819 Lingonberry St	0.41mi	3/2.0	2,019 (+3%)	1mo	$155,000	$77	74
4418 Rosemont St	0.39mi	4/3.5 (+1)	1,961 (-0%)	1mo	$250,000	$127	72
5022 Bricker St	0.36mi	3/2.0	1,767 (-10%)	4mo	$219,000	$124	61
4516 Galesburg St Unit B	0.42mi	3/2.5	2,186 (+11%)	1mo	$289,900	$133	61
4747 Clover St	0.73mi	3/2.0	1,851 (-6%)	1mo	$247,500	$134	54
4911 Edfield St	0.36mi	4/1.5 (+1)	1,737 (-12%)	6mo	$144,900	$83	50
5007 Edfield St	0.41mi	4/1.5 (+1)	1,703 (-13%)	3mo	$145,000	$85	47
5122 Southwind St	0.74mi	2/2.5 (-1)	2,135 (+8%)	0mo	$880,000	$412	46
4357 Maggie St	0.71mi	4/3.0 (+1)	1,781 (-10%)	3mo	$239,950	$135	41

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

Projected returns pro-forma

10.0% appreciation · 4.77% rent growth · sell at horizon

5-year hold

• IRR: 21.3%
• Equity multiple: 2.73×
• Total profit: $154,898
• Equity at exit: $288,281

10-year hold

• IRR: 19.6%
• Equity multiple: 6.41×
• Total profit: $485,049
• Equity at exit: $621,690

Cash invested: $89,600 (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 77051

• Home prices YoY: 9.7%
• Rents YoY: 4.8%
• Active inventory: 315
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $2,481 high
• Mortgage (P&I): −$1,678
• Tax from tax record: −$525 /mo · $6,304/yr
• Insurance: −$133
• HOA: −$0
• Vacancy / Maint / Mgmt: −$521
• Net cashflow: $-377

Break-even live

Break-even rent $2,958

Max offer price $253,450

Occupancy floor —

Sensitivity live

Price	-10% $-196	-5% $-286	+0% $-377	+5% $-467	+10% $-558
Rent	-10% $-573	-5% $-475	+0% $-377	+5% $-279	+10% $-181
Rate	-1.0pp $-216	-0.5pp $-295	base $-377	+0.5pp $-460	+1.0pp $-544

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: $80,000
• Closing costs: $9,600
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4601 White Rock St Unit A Houston, TX	3.0	2.5	1700	$2,500	$1.47	44d	1	0.08mi
8107 Calhoun Rd Houston, TX	3.0	2.5	1304	$2,250	$1.73	25d	1	0.09mi
4613 Bricker St Unit B Houston, TX	3.0	2.5	1600	$2,300	$1.44	44d	1	0.12mi
4609 Bricker St Unit B Houston, TX	3.0	2.5	1300	$3,500	$2.69	13d	1	0.13mi
4609 Bricker St Unit ABC Houston, TX	3.0	2.5	1375	$3,500	$2.55	12d	1	0.13mi
4835 Sunflower St Unit 1546466P Houston, TX	3.0	2.0	1883	$4,516	$2.40	16d	1	0.14mi
8606 Lee Otis St Houston, TX	4.0	2.5	1869	$1,975	$1.06	0d	1	0.24mi
4406 Sterling St Houston, TX	3.0	2.5	1840	$1,999	$1.09	17d	1	0.38mi
4530 Mayflower St Houston, TX	3.0	2.0	1302	$1,800	$1.38	44d	1	0.39mi
4514 Galesburg St Unit B Houston, TX	3.0	2.5	1680	$3,500	$2.08	25d	1	0.42mi
4526 Knoxville St Unit A Houston, TX	3.0	2.5	1474	$1,775	$1.20	16d	1	0.45mi
7710 Darnay Dr Houston, TX	3.0	3.0	1635	$2,095	$1.28	44d	1	0.53mi
4117 Shelby Cir Unit 1230900P Houston, TX	4.0	2.0	1367	$5,253	$3.84	0d	1	0.61mi
5222 Northridge Dr Houston, TX	4.0	2.0	1300	$1,850	$1.42	25d	1	0.69mi
7358 Guadalcanal Rd Houston, TX	3.0	3.0	1768	$2,195	$1.24	44d	1	0.71mi
5201 Kenilwood Dr Unit B Houston, TX	3.0	2.0	2442	$1,725	$0.71	15d	1	0.72mi
4538 Clover St Houston, TX	4.0	2.0	1768	$1,595	$0.90	44d	1	0.75mi
4723 Mallow St Houston, TX	3.0	2.5	1472	$1,850	$1.26	6d	1	0.76mi
5314 Longmeadow St Houston, TX	3.0	3.0	1646	$1,900	$1.15	44d	1	0.87mi
3620 Du Bois St Unit 1302349P Houston, TX	3.0	2.5	1797	$2,945	$1.64	4d	1	0.89mi
7321 Conley St Unit A Houston, TX	3.0	2.5	1869	$2,025	$1.08	21d	1	0.89mi
7321 Conley St Unit B Houston, TX	3.0	2.0	1501	$2,025	$1.35	21d	1	0.89mi
7339 Krueger Rd Houston, TX	3.0	2.0	2440	$1,900	$0.78	44d	1	0.90mi
8328 Corinth St Unit B Houston, TX	3.0	2.5	1500	$2,800	$1.87	21d	1	0.92mi
5036 Mallow St Houston, TX	3.0	3.0	1472	$2,050	$1.39	44d	1	0.94mi
4942 Bataan Rd Unit 77033 Houston, TX	4.0	2.0	1350	$1,800	$1.33	44d	1	0.99mi
7806 Comal St Unit B Houston, TX	3.0	2.5	1800	$2,200	$1.22	44d	1	1.00mi
8010 Livingston St Houston, TX	3.0	2.0	1400	$1,800	$1.29	44d	1	1.02mi
5623 Bellfort St Houston, TX	4.0	1.0	1320	$1,700	$1.29	16d	1	1.05mi
5407 Thrush Dr Houston, TX	4.0	1.0	1407	$1,495	$1.06	15d	1	1.10mi
6928 Paris St Houston, TX	3.0	2.0	1276	$1,900	$1.49	0d	1	1.10mi
3846 Seabrook St Houston, TX	3.0	3.5	1833	$2,300	$1.25	44d	1	1.11mi
6926 Paris St Houston, TX	3.0	2.0	1276	$1,900	$1.49	0d	1	1.11mi
4918 Wilmington St Unit A Houston, TX	3.0	3.0	1300	$2,100	$1.62	44d	1	1.12mi
4705 Idaho St Houston, TX	3.0	2.5	1664	$2,500	$1.50	18d	1	1.16mi
3732 Seabrook St Houston, TX	3.0	2.5	1727	$2,350	$1.36	25d	1	1.22mi
4921a Pederson St Unit A Houston, TX	3.0	2.0	1765	$2,150	$1.22	13d	1	1.26mi
5012 Higgins St Unit B Houston, TX	3.0	2.5	1611	$1,650	$1.02	25d	1	1.26mi
3655 Seabrook St Unit 6 Houston, TX	2.0	1.0	1600	$1,000	$0.62	44d	1	1.28mi
6731 New York St Houston, TX	3.0	3.0	2211	$2,100	$0.95	44d	1	1.30mi

Listing history 49 events

1. 2026-06-21
   days on market $320,000 Active 104 DOM
2. 2026-06-18
   days on market $320,000 Active 101 DOM
3. 2026-06-17
   days on market $320,000 Active 100 DOM
4. 2026-06-16
   days on market $320,000 Active 99 DOM
5. 2026-06-15
   days on market $320,000 Active 98 DOM
6. 2026-06-13
   days on market $320,000 Active 96 DOM
7. 2026-06-10
   days on market $320,000 Active 92 DOM
8. 2026-06-08
   days on market $320,000 Active 91 DOM
9. 2026-06-07
   days on market $320,000 Active 90 DOM
10. 2026-06-04
    days on market $320,000 Active 87 DOM
11. 2026-06-01
    days on market $320,000 Active 84 DOM
12. 2026-05-31
    days on market $320,000 Active 83 DOM
13. 2026-05-11
    historical $2,150
14. 2026-03-11
    listed $2,150
15. 2026-03-09
    listed $320,000 Active 606-char remark

    Show marketing remark (606 chars)

    Don't miss out on this stunning 4 bed, 2.5 bath home with a spacious yard! Enjoy the open concept layout, abundant natural light, and modern finishes throughout. The first-floor primary suite features a luxurious bath with double sinks, separate shower, and tub. Upstairs, you'll find three large bedrooms . The backyard is perfect for entertaining with no back neighbors. Conveniently located near Med ctr, downtown Houston, NRG stadium, shopping, dining, and entertainment, with easy access to major highways. NO HOA! Schedule your showing today before it's gone! *pics prior to current tenant moving in*

16. 2024-11-24
    historical
17. 2024-10-16
    historical $2,400
18. 2024-07-31
    listed $2,400
19. 2024-06-30
    listed $359,999 Active
20. 2018-05-22
    status Pending
21. 2018-05-22
    historical
22. 2018-05-16
    status Active
23. 2018-05-14
    listed $212,495 Active
24. 2018-05-14
    historical
25. 2018-03-27
    status Pending
26. 2018-03-20
    price $201,995
27. 2018-03-17
    listed $204,995 Active
28. 2018-03-17
    historical
29. 2018-03-15
    price $203,995
30. 2018-03-08
    price $205,995
31. 2018-03-06
    price $206,995
32. 2018-02-28
    price $209,995
33. 2018-01-30
    listed $212,499 Active
34. 2018-01-30
    historical
35. 2018-01-21
    status Active
36. 2018-01-20
    historical
37. 2018-01-07
    listed $209,995 Active
38. 2018-01-07
    historical
39. 2018-01-01
    listed $204,995 Active
40. 2017-12-31
    historical
41. 2017-12-13
    listed $206,995 Active
42. 2017-12-12
    historical
43. 2017-12-08
    listed $192,995 Active
44. 2017-12-07
    historical
45. 2017-12-02
    status Active
46. 2017-11-30
    historical
47. 2017-11-20
    price $204,995
48. 2017-10-25
    listed $198,995 Active
49. 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: $6,304 · $525/mo
• Projected year-2 tax: $6,304 · $525/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) · 71% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,774
• − Mortgage interest: −$17,925
• − Property taxes: −$6,304
• − Insurance: −$1,600
• − Repairs & maintenance: −$2,382
• − Management: −$2,382
• − Depreciation: −$9,309
• Taxable loss: −$10,129
• Est. tax savings @ 24.0%: +$2,431
• After-tax cash flow: $-2,090/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): 19,795
• Household income: $37,415
• Rent vs Own: 58.2% rent · 41.8% own
• Severe rent burden: 1446.0

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 Black (77%)
• Race & ethnicity: Black 77% Hispanic / Latino 16% Two or more races 11% White 3%
• Hispanic origin (detail): Mexican 6% Puerto Rican 1%
• Foreign-born: 8% · Canada, China
• Languages at home: 88% English-only · Spanish 10%

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: ▲ 16.02%
• Current HPI: 180.4283
• Rent YoY: ▲ 4.77%
• 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

-98.9% since first listed

37 events — show timeline

• 2026-05-11 Rental Removed $2,150 HARMLS
• 2026-03-11 Listed for Rent $2,150 HARMLS
• 2026-03-09 Listed $320,000 HARMLS
• 2024-11-24 Listing Removed — HARMLS
• 2024-10-16 Rental Removed $2,400 HARMLS
• 2024-07-31 Listed for Rent $2,400 HARMLS
• 2024-06-30 Listed $359,999 HARMLS
• 2018-05-22 Pending — HARMLS
• 2018-05-22 Listing Removed — HARMLS
• 2018-05-16 Relisted — HARMLS
• 2018-05-14 Listing Removed — HARMLS
• 2018-05-14 Listed $212,495 HARMLS
• 2018-03-27 Pending — HARMLS
• 2018-03-20 Price Changed $201,995 HARMLS
• 2018-03-17 Listing Removed — HARMLS
• 2018-03-17 Listed $204,995 HARMLS
• 2018-03-15 Price Changed $203,995 HARMLS
• 2018-03-08 Price Changed $205,995 HARMLS
• 2018-03-06 Price Changed $206,995 HARMLS
• 2018-02-28 Price Changed $209,995 HARMLS
• 2018-01-30 Listing Removed — HARMLS
• 2018-01-30 Listed $212,499 HARMLS
• 2018-01-21 Relisted — HARMLS
• 2018-01-20 Listing Removed — HARMLS
• 2018-01-07 Listing Removed — HARMLS
• 2018-01-07 Listed $209,995 HARMLS
• 2018-01-01 Listed $204,995 HARMLS
• 2017-12-31 Listing Removed — HARMLS
• 2017-12-13 Listed $206,995 HARMLS
• 2017-12-12 Listing Removed — HARMLS
• 2017-12-08 Listed $192,995 HARMLS
• 2017-12-07 Listing Removed — HARMLS
• 2017-12-02 Relisted — HARMLS
• 2017-11-30 Listing Removed — HARMLS
• 2017-11-20 Price Changed $204,995 HARMLS
• 2017-10-25 Listed $198,995 HARMLS
• 1988-01-02 Sold (Public Records) — Public Records

Property tax history

+19.8%/yr

Latest (2025): $6,304 · +7.3% YoY. Source: county tax records.