7717 Bigwood St · Houston, TX 77016

$229,999

3 bd · 1.0 ba · 2,443 sqft · SingleFamily public records · 344 Days on market

Built 1960 7,440 sqft lot $94/sqft · 15% below area Est $269k · 15% under

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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).

• ARV discount +14.0/15.0
• Cash flow +9.4/30.0
• Appreciation +9.3/10.0
• Livability +3.7/5.0
• 1% rule +3.0/10.0
• Schools +2.7/10.0
• DSCR +2.6/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

MANY UPDATES! Charming 3-Bedroom Home in East Houston – Great Location & Ample Parking! Don’t miss seeing this beautiful 3-bedroom, 2-bathroom home in East Houston! It features a covered carport and a deep driveway that fits up to 4 vehicles, this property offers both comfort and convenience. You will like the many upgrades and large open kitchen. Located near Wayside Dr and Tidwell, the home is surrounded by parks and schools, and just a short drive to grocery stores, restaurants, and daily essentials. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

Key facts

• Near schools
• Covered carport
• Near parks

Tags

• COVERED CARPORT
• DEEP DRIVEWAY
• LARGE OPEN KITCHEN
• NEAR PARKS
• NEAR SCHOOLS
• SHORT DRIVE TO GROCERY STORES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $-166 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $201k (12.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $184k (20.2% below list).
• Recommended offer: $184k (20.2% below list) — sets the bar for 1% rule.
• Cap rate 5.4% vs local median 3.1% 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 flat; 372 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• At $1,835/mo this rent would consume 46% of the median local household income ($48k/yr) (locally 1297% 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 $21k of equity ($2k loan paydown + $20k appreciation (8.7% 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 ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 344 days — a 12% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 11y ago; this cycle's ask has dropped $16k (7%) 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→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $183,515 (20.2% 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 344 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
9. 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.
10. 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.
11. 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: 0.80% ✗
• Cap rate: 5.43%
• Cash-on-cash: -3.09%
• DSCR: 0.86
• GRM: 10.4

CMA / ARV

• ARV (median comp): $269,077
• List price: $229,999
• Delta: -14.52%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7924 Cassie Pine Dr	0.52mi	4/2.5 (+1)	2,260 (-8%)	0mo	$324,290	$143	52
7904 Elowen Grove Dr	0.54mi	4/2.5 (+1)	2,260 (-8%)	1mo	$320,540	$142	50
10307 Vinca Minor Ln	0.50mi	4/3.0 (+1)	2,260 (-8%)	1mo	$319,040	$141	50
10310 Red Orchid Dr	0.49mi	4/3.0 (+1)	2,260 (-8%)	2mo	$299,990	$133	50
7912 Elowen Grove Dr	0.56mi	4/2.5 (+1)	2,260 (-8%)	1mo	$320,290	$142	50
7915 Elowen Grove Dr	0.58mi	4/2.5 (+1)	2,260 (-8%)	1mo	$320,540	$142	49
10323 Vinca Minor Ln	0.55mi	4/3.0 (+1)	2,260 (-8%)	2mo	$322,040	$142	48
10336 Vinca Minor Ln	0.61mi	4/3.0 (+1)	2,260 (-8%)	2mo	$316,740	$140	45
10309 Vinca Minor Ln	0.51mi	4/2.5 (+1)	2,121 (-13%)	2mo	$306,290	$144	42
7905 Elowen Grove Dr	0.56mi	4/2.5 (+1)	2,121 (-13%)	1mo	$306,040	$144	40
7917 Elowen Grove Dr	0.59mi	4/2.5 (+1)	2,121 (-13%)	1mo	$309,290	$146	39
7226 Gore Dr	0.69mi	4/1.5 (+1)	2,100 (-14%)	2mo	$205,000	$98	36

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

Projected returns pro-forma

8.65% appreciation · 0.44% rent growth · sell at horizon

5-year hold

• IRR: 18.3%
• Equity multiple: 2.39×
• Total profit: $89,260
• Equity at exit: $184,982

10-year hold

• IRR: 16.6%
• Equity multiple: 5.02×
• Total profit: $259,082
• Equity at exit: $377,416

Cash invested: $64,400 (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 77016

• Home prices YoY: 2.8%
• Rents YoY: 0.4%
• Active inventory: 372
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,835 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$313 /mo · $3,762/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$385
• Net cashflow: $-166

Break-even live

Break-even rent $2,045

Max offer price $200,732

Occupancy floor —

Sensitivity live

Price	-10% $-35	-5% $-101	+0% $-166	+5% $-231	+10% $-296
Rent	-10% $-311	-5% $-238	+0% $-166	+5% $-93	+10% $-21
Rate	-1.0pp $-50	-0.5pp $-107	base $-166	+0.5pp $-225	+1.0pp $-286

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7426 Bigwood St Houston, TX	4.0	2.0	1997	$1,850	$0.93	14d	1	0.28mi
8214 Parker Rd Unit B Houston, TX	3.0	2.0	1608	$1,560	$0.97	8d	1	0.85mi
9326 Firnat St Unit B Houston, TX	3.0	2.5	1902	$1,900	$1.00	44d	1	0.86mi
9328 Firnat St Unit B Houston, TX	3.0	2.5	1902	$1,900	$1.00	44d	1	0.86mi
9324 Firnat St Unit B Houston, TX	3.0	2.5	1600	$1,900	$1.19	22d	1	0.86mi
9320 Firnat St Unit A Houston, TX	3.0	2.5	1900	$1,850	$0.97	8d	1	0.86mi
8003 Alpine Bearberry Dr Houston, TX	3.0–4.0	2.0–2.5	1696	$2,000	$1.18	8d	1	0.90mi
8235 Locksley Rd Unit A Houston, TX	3.0	2.5	1608	$1,525	$0.95	8d	1	0.90mi
9314 Sundown Dr Unit A Houston, TX	3.0	2.5	1608	$1,675	$1.04	0d	1	0.95mi
8314 Madera Rd Unit B Houston, TX	3.0	2.5	1608	$1,495	$0.93	25d	1	0.99mi
8203 Woodlyn Rd Unit C Houston, TX	3.0	2.5	1650	$1,650	$1.00	8d	1	1.28mi
9702 Hillis St Houston, TX	3.0	2.0	1612	$1,550	$0.96	44d	1	1.28mi
8238 Homewood Ln Houston, TX	3.0	2.0	1696	$1,695	$1.00	25d	1	1.31mi
8102 Crestview Dr Unit B Houston, TX	3.0	2.5	1600	$1,900	$1.19	44d	1	1.49mi
8102 Crestview Dr Unit A Houston, TX	3.0	2.5	1800	$1,900	$1.06	22d	1	1.49mi

Listing history 34 events

1. 2026-06-18
   days on market $229,999 Active 344 DOM
2. 2026-06-17
   days on market $229,999 Active 343 DOM
3. 2026-06-16
   days on market $229,999 Active 342 DOM
4. 2026-06-15
   days on market $229,999 Active 341 DOM
5. 2026-06-13
   days on market $229,999 Active 339 DOM
6. 2026-06-10
   days on market $229,999 Active 335 DOM
7. 2026-06-08
   days on market $229,999 Active 334 DOM
8. 2026-06-07
   days on market $229,999 Active 333 DOM
9. 2026-06-04
   days on market $229,999 Active 330 DOM
10. 2026-06-01
    days on market $229,999 Active 327 DOM
11. 2026-05-31
    days on market $229,999 Active 326 DOM
12. 2026-04-02
    price $229,999 749-char remark

    Show marketing remark (749 chars)

    MANY UPDATES! Charming 3-Bedroom Home in East Houston – Great Location & Ample Parking! Don’t miss seeing this beautiful 3-bedroom, 2-bathroom home in East Houston! It features a covered carport and a deep driveway that fits up to 4 vehicles, this property offers both comfort and convenience. You will like the many upgrades and large open kitchen. Located near Wayside Dr and Tidwell, the home is surrounded by parks and schools, and just a short drive to grocery stores, restaurants, and daily essentials. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

13. 2026-03-20
    price $299,999 749-char remark

    Show marketing remark (749 chars)

    MANY UPDATES! Charming 3-Bedroom Home in East Houston – Great Location & Ample Parking! Don’t miss seeing this beautiful 3-bedroom, 2-bathroom home in East Houston! It features a covered carport and a deep driveway that fits up to 4 vehicles, this property offers both comfort and convenience. You will like the many upgrades and large open kitchen. Located near Wayside Dr and Tidwell, the home is surrounded by parks and schools, and just a short drive to grocery stores, restaurants, and daily essentials. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

14. 2026-02-18
    price $235,999 749-char remark

    Show marketing remark (749 chars)

    MANY UPDATES! Charming 3-Bedroom Home in East Houston – Great Location & Ample Parking! Don’t miss seeing this beautiful 3-bedroom, 2-bathroom home in East Houston! It features a covered carport and a deep driveway that fits up to 4 vehicles, this property offers both comfort and convenience. You will like the many upgrades and large open kitchen. Located near Wayside Dr and Tidwell, the home is surrounded by parks and schools, and just a short drive to grocery stores, restaurants, and daily essentials. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

15. 2025-07-09
    listed $245,999 Active 749-char remark

    Show marketing remark (749 chars)

    MANY UPDATES! Charming 3-Bedroom Home in East Houston – Great Location & Ample Parking! Don’t miss seeing this beautiful 3-bedroom, 2-bathroom home in East Houston! It features a covered carport and a deep driveway that fits up to 4 vehicles, this property offers both comfort and convenience. You will like the many upgrades and large open kitchen. Located near Wayside Dr and Tidwell, the home is surrounded by parks and schools, and just a short drive to grocery stores, restaurants, and daily essentials. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

16. 2024-11-16
    historical
17. 2024-09-01
    price $189,900
18. 2024-08-15
    status Active
19. 2024-06-22
    status Pending
20. 2024-06-20
    status Option Pending
21. 2024-06-07
    price $174,900
22. 2024-03-23
    price $199,900
23. 2024-02-20
    listed $209,999 Active
24. 2023-06-27
    historical
25. 2023-05-31
    price $219,000
26. 2023-05-16
    listed $249,000 Active
27. 2017-11-22
    soldstatus
28. 2015-10-20
    soldstatus
29. 2015-06-29
    soldstatus Sold
30. 2015-06-19
    status Pending
31. 2015-06-16
    status Option Pending
32. 2015-05-21
    listed $33,000 Active
33. 2006-07-21
    soldstatus
34. 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: $3,762 · $313/mo
• Projected year-2 tax: $4,209 · $351/mo
• Expected delta: +$447/yr (+$37/mo · 11.9%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 25 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: $22,022
• − Mortgage interest: −$12,884
• − Property taxes: −$3,762
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,762
• − Management: −$1,762
• − Depreciation: −$6,691
• Taxable loss: −$5,988
• Est. tax savings @ 24.0%: +$1,437
• After-tax cash flow: $-551/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): 29,841
• Household income: $47,677
• Rent vs Own: 38.8% rent · 61.2% own
• Severe rent burden: 1297.0

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: Majority Black (56%)
• Race & ethnicity: Black 56% Hispanic / Latino 42% Two or more races 28%
• Hispanic origin (detail): Mexican 34%
• Foreign-born: 18% · Canada
• Languages at home: 61% English-only · Spanish 37%

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: ▲ 8.65%
• Current HPI: 315.6765
• Rent YoY: ▲ 0.44%
• 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

+597.0% since first listed

23 events — show timeline

• 2026-04-02 Price Changed $229,999 HARMLS
• 2026-03-20 Price Changed $299,999 HARMLS
• 2026-02-18 Price Changed $235,999 HARMLS
• 2025-07-09 Listed $245,999 HARMLS
• 2024-11-16 Listing Removed — HARMLS
• 2024-09-01 Price Changed $189,900 HARMLS
• 2024-08-15 Relisted — HARMLS
• 2024-06-22 Pending — HARMLS
• 2024-06-20 Pending — HARMLS
• 2024-06-07 Price Changed $174,900 HARMLS
• 2024-03-23 Price Changed $199,900 HARMLS
• 2024-02-20 Listed $209,999 HARMLS
• 2023-06-27 Listing Removed — HARMLS
• 2023-05-31 Price Changed $219,000 HARMLS
• 2023-05-16 Listed $249,000 HARMLS
• 2017-11-22 Sold (Public Records) — Public Records
• 2015-10-20 Sold (Public Records) — Public Records
• 2015-06-29 Sold (MLS) — HARMLS
• 2015-06-19 Pending — HARMLS
• 2015-06-16 Pending — HARMLS
• 2015-05-21 Listed $33,000 HARMLS
• 2006-07-21 Sold (Public Records) — Public Records
• 1988-01-02 Sold (Public Records) — Public Records

Property tax history

+8.0%/yr

Latest (2025): $3,762 · -1.2% YoY. Source: county tax records.