218 Big Deer Dr · Houston, TX 77532

$139,000

3 bd · 1.0 ba · 780 sqft · SingleFamily public records · 68 Days on market

Built 1976 0.35 ac lot $178/sqft · 9% below area Est $152k · 9% under $8/mo HOA

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Why this score? — see what drove the B- 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 +26.4/30.0
• ARV discount +11.4/15.0
• DSCR +9.0/10.0
• 1% rule +7.4/10.0
• Livability +3.7/5.0
• Schools +3.1/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great Investment Opportunity in Huffman ISD!! Don’t miss this unique opportunity offering multiple living spaces on one property! Located in Huffman ISD , this versatile property includes a 2 bedroom, 1 bath main house plus a separate 1 bedroom, 1 bath apartment, making it ideal for rental income, multi-generational living, or guest accommodations. The main home comes with appliances included, providing added convenience for future owners or tenants. The property is serviced by well and septic, offering independence from city utilities. In addition, a workshop building is included, perfect for hobbies, storage, or business use. With flexible living options and investment potential, this property offers endless possibilities. Schedule your showing today and explore the potential this property has to offer!

Key facts

• 0.35 acre lot
• 2 parking spots
• Built 1976

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $139k.

Deal economics

• At list price, monthly cash flow is $362 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $139k).
• Recommended offer: $131k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.4% 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.
• Huffman ISD (rural): math 32% / reading 35% proficiency, ranked #500 of 826 in TX (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.5%/yr); 1172 active listings in the ZIP; solid renter incomes; 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 $961 of loan paydown is wiped out by about $4k 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 68 days — a 6% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 24y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: moderate 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 $130,659 (6.0% below list)

Questions for the listing agent

1. It's been on market 68 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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. 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: 1.24% ✓
• Cap rate: 9.42%
• Cash-on-cash: 11.17%
• DSCR: 1.50
• GRM: 6.7

CMA / ARV

• ARV (median comp): $152,178
• List price: $139,000
• Delta: -8.66%
• Verdict: FAIR
• Comps: 5 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
311 Big Deer Dr	0.07mi	2/1.0 (-1)	850 (+9%)	22mo	$175,000	$206	58

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 · 1.48% rent growth · sell at horizon

5-year hold

• IRR: -1.4%
• Equity multiple: 0.95×
• Total profit: $-1,987
• Equity at exit: $20,725

10-year hold

• IRR: 6.6%
• Equity multiple: 1.46×
• Total profit: $17,873
• Equity at exit: $12,018

Cash invested: $38,920 (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 77532

• Home prices YoY: -28.6%
• Rents YoY: 1.5%
• Active inventory: 1172
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,719 medium
• Mortgage (P&I): −$729
• Tax from tax record: −$201 /mo · $2,410/yr
• Insurance: −$58
• HOA: −$8
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $362

Break-even live

Break-even rent $1,260

Max offer price $139,000

Occupancy floor 74%

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $8 · $96/yr

Listing history 27 events

1. 2026-06-18
   days on market $139,000 Pending 68 DOM
2. 2026-06-17
   statusdays on market $139,000 Pending 67 DOM
3. 2026-06-16
   days on market $139,000 Active 66 DOM
4. 2026-06-15
   days on market $139,000 Active 65 DOM
5. 2026-06-13
   statusdays on market $139,000 Active 63 DOM
6. 2026-06-09
   days on market $139,000 Pending 60 DOM
7. 2026-06-08
   days on market $139,000 Pending 59 DOM
8. 2026-06-07
   days on market $139,000 Pending 58 DOM
9. 2026-06-04
   statusdays on market $139,000 Pending 55 DOM
10. 2026-06-03
    days on market $139,000 Active 54 DOM
11. 2026-06-02
    days on market $139,000 Active 53 DOM
12. 2026-06-01
    days on market $139,000 Active 52 DOM
13. 2026-05-31
    days on market $139,000 Active 51 DOM
14. 2026-05-12
    status Active 831-char remark

    Show marketing remark (831 chars)

    Great Investment Opportunity in Huffman ISD!! Don’t miss this unique opportunity offering multiple living spaces on one property! Located in Huffman ISD , this versatile property includes a 2 bedroom, 1 bath main house plus a separate 1 bedroom, 1 bath apartment, making it ideal for rental income, multi-generational living, or guest accommodations. The main home comes with appliances included, providing added convenience for future owners or tenants. The property is serviced by well and septic, offering independence from city utilities. In addition, a workshop building is included, perfect for hobbies, storage, or business use. With flexible living options and investment potential, this property offers endless possibilities. Schedule your showing today and explore the potential this property has to offer!

15. 2026-05-11
    status Pending 831-char remark

    Show marketing remark (831 chars)

    Great Investment Opportunity in Huffman ISD!! Don’t miss this unique opportunity offering multiple living spaces on one property! Located in Huffman ISD , this versatile property includes a 2 bedroom, 1 bath main house plus a separate 1 bedroom, 1 bath apartment, making it ideal for rental income, multi-generational living, or guest accommodations. The main home comes with appliances included, providing added convenience for future owners or tenants. The property is serviced by well and septic, offering independence from city utilities. In addition, a workshop building is included, perfect for hobbies, storage, or business use. With flexible living options and investment potential, this property offers endless possibilities. Schedule your showing today and explore the potential this property has to offer!

16. 2026-04-29
    status Active 831-char remark

    Show marketing remark (831 chars)

    Great Investment Opportunity in Huffman ISD!! Don’t miss this unique opportunity offering multiple living spaces on one property! Located in Huffman ISD , this versatile property includes a 2 bedroom, 1 bath main house plus a separate 1 bedroom, 1 bath apartment, making it ideal for rental income, multi-generational living, or guest accommodations. The main home comes with appliances included, providing added convenience for future owners or tenants. The property is serviced by well and septic, offering independence from city utilities. In addition, a workshop building is included, perfect for hobbies, storage, or business use. With flexible living options and investment potential, this property offers endless possibilities. Schedule your showing today and explore the potential this property has to offer!

17. 2026-04-19
    status Pending 831-char remark

    Show marketing remark (831 chars)

    Great Investment Opportunity in Huffman ISD!! Don’t miss this unique opportunity offering multiple living spaces on one property! Located in Huffman ISD , this versatile property includes a 2 bedroom, 1 bath main house plus a separate 1 bedroom, 1 bath apartment, making it ideal for rental income, multi-generational living, or guest accommodations. The main home comes with appliances included, providing added convenience for future owners or tenants. The property is serviced by well and septic, offering independence from city utilities. In addition, a workshop building is included, perfect for hobbies, storage, or business use. With flexible living options and investment potential, this property offers endless possibilities. Schedule your showing today and explore the potential this property has to offer!

18. 2026-04-10
    listed $139,000 Active 831-char remark

    Show marketing remark (831 chars)

    Great Investment Opportunity in Huffman ISD!! Don’t miss this unique opportunity offering multiple living spaces on one property! Located in Huffman ISD , this versatile property includes a 2 bedroom, 1 bath main house plus a separate 1 bedroom, 1 bath apartment, making it ideal for rental income, multi-generational living, or guest accommodations. The main home comes with appliances included, providing added convenience for future owners or tenants. The property is serviced by well and septic, offering independence from city utilities. In addition, a workshop building is included, perfect for hobbies, storage, or business use. With flexible living options and investment potential, this property offers endless possibilities. Schedule your showing today and explore the potential this property has to offer!

19. 2021-09-29
    soldstatus Sold 191-char remark

    Show marketing remark (191 chars)

    2 Bedroom 1 bath home with Guest House over carport. Guest house has 1 Bedroom and 1 bath. Recent roof replacement and fresh exterior and interior paint. Large lot with Beautiful shade trees.

20. 2021-08-09
    status Pending 191-char remark

    Show marketing remark (191 chars)

    2 Bedroom 1 bath home with Guest House over carport. Guest house has 1 Bedroom and 1 bath. Recent roof replacement and fresh exterior and interior paint. Large lot with Beautiful shade trees.

21. 2021-08-04
    status Option Pending 191-char remark

    Show marketing remark (191 chars)

    2 Bedroom 1 bath home with Guest House over carport. Guest house has 1 Bedroom and 1 bath. Recent roof replacement and fresh exterior and interior paint. Large lot with Beautiful shade trees.

22. 2021-08-02
    status Active 191-char remark

    Show marketing remark (191 chars)

    2 Bedroom 1 bath home with Guest House over carport. Guest house has 1 Bedroom and 1 bath. Recent roof replacement and fresh exterior and interior paint. Large lot with Beautiful shade trees.

23. 2021-07-25
    status Option Pending 191-char remark

    Show marketing remark (191 chars)

    2 Bedroom 1 bath home with Guest House over carport. Guest house has 1 Bedroom and 1 bath. Recent roof replacement and fresh exterior and interior paint. Large lot with Beautiful shade trees.

24. 2021-07-19
    listed $137,000 Active 191-char remark

    Show marketing remark (191 chars)

    2 Bedroom 1 bath home with Guest House over carport. Guest house has 1 Bedroom and 1 bath. Recent roof replacement and fresh exterior and interior paint. Large lot with Beautiful shade trees.

25. 2003-02-04
    historical
26. 2002-06-20
    listed $42,500
27. 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: $2,410 · $201/mo
• Projected year-2 tax: $2,544 · $212/mo
• Expected delta: +$134/yr (+$11/mo · 5.5%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 67% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 24 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: $20,629
• − Mortgage interest: −$7,786
• − Property taxes: −$2,410
• − Insurance: −$695
• − Repairs & maintenance: −$1,650
• − Management: −$1,650
• − HOA: −$96
• − Depreciation: −$4,044
• Taxable income: $2,297
• Est. tax owed @ 24.0%: −$551
• After-tax cash flow: $3,797/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: Huffman ISD
• NCES district ID: 4823820
• Math proficiency: 32% ▼ -9.00%
• Reading proficiency: 35% ▼ -9.00%
• Median HH income: $65,848
• Composite: 30.61/100
• National rank: #6195
• State rank: #500 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

• County: Harris County · 4,702,590 people
• City population: 3,226,434
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 33,780
• Household income: $92,201
• Rent vs Own: 13.9% rent · 86.1% own
• Severe rent burden: 382.0

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: White 54% Hispanic / Latino 31% Two or more races 16% Black 9%
• Hispanic origin (detail): Mexican 24%
• Common ancestry: Lithuanian 4% Romanian 3% Italian 2%
• Foreign-born: 10% · Canada
• Languages at home: 78% English-only · Spanish 21%

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: ▼ -105.63%
• Current HPI: 264.0126
• Rent YoY: ▲ 1.48%
• 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

+227.1% since first listed

14 events — show timeline

• 2026-05-12 Relisted — HARMLS
• 2026-05-11 Pending — HARMLS
• 2026-04-29 Relisted — HARMLS
• 2026-04-19 Pending — HARMLS
• 2026-04-10 Listed $139,000 HARMLS
• 2021-09-29 Sold (MLS) — HARMLS
• 2021-08-09 Pending — HARMLS
• 2021-08-04 Pending — HARMLS
• 2021-08-02 Relisted — HARMLS
• 2021-07-25 Pending — HARMLS
• 2021-07-19 Listed $137,000 HARMLS
• 2003-02-04 Listing Removed — HARMLS
• 2002-06-20 Listed $42,500 HARMLS
• 1988-01-02 Sold (Public Records) — Public Records

Property tax history

+3.7%/yr

Latest (2025): $2,410 · +0.2% YoY. Source: county tax records.