3114 Bolt St · Houston, TX 77051

$239,900

3 bd · 2.5 ba · 1,724 sqft · Townhouse public records · 74 Days on market

Built 2006 3,576 sqft lot $139/sqft · 25% below area Est $321k · 25% under

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Why this score? — see what drove the C- 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 +15.0/15.0
• Appreciation +10.0/10.0
• Cash flow +8.7/30.0
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• 1% rule +3.3/10.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• DSCR +2.4/10.0

Listing remarks MLS

Move-In Ready! Welcome to this beautifully maintained two-story townhome offers 3 bedrooms, 2.5 full baths, and an open layout filled with natural light. Offering 1,708 square feet of comfortable and functional living space. Designed with both style and practicality in mind, the thoughtfully laid-out floor plan features spacious living and dining areas filled with natural light, creating an inviting atmosphere for everyday living and entertaining. The kitchen provides ample cabinetry and workspace, seamlessly connecting to the main living areas for effortless flow. Upstairs, the generously sized bedrooms include a well-appointed primary suite with a private bath, while the additional bedrooms share a full bathroom, plus a convenient guest powder room on the main level. This home offers the perfect blend of comfort, space, and convenience. Minutes to downtown Houston, minutes to 610 & I 10,quick drive to NRG Stadium and the Galleria. Fantastic Urban living experience! Come see TODAY!

Key facts

• Ample cabinetry
• Guest powder room
• Private bath

Tags

• TWO STORY TOWNHOME
• OPEN LAYOUT
• NATURAL LIGHT
• AMPLE CABINETRY
• PRIVATE BATH
• GUEST POWDER ROOM

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $240k.

Deal economics

• At list price, monthly cash flow is $-204 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $204k (15.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $198k (17.4% below list).
• Recommended offer: $198k (17.4% below list) — sets the bar for 1% rule.
• Cap rate 5.3% 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: 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.
• Zoned schools: Reynolds El (math 8% / reading 8%, grade F, #4,301 of 4,322 statewide, top 100%, 334 students, 98% FRL); Attucks Middle (math 15% / reading 22%, grade F, #1,478 of 1,662 statewide, top 90%, 439 students, 98% FRL); Worthing H S (math 22% / reading 21%, grade F, #1,377 of 1,632 statewide, top 85%, 827 students, 96% FRL) — zoned schools average 97% FRL vs 71% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 16% at this address vs 31% district-wide (-15 pts) — the specific schools serving this property underperform the Houston ISD average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+4.8%/yr); 321 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• At $1,982/mo this rent would consume 64% 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 $26k of equity ($2k loan paydown + $24k 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 ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 74 days — a 6% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask is 10562% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $198,154 (17.4% 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 74 days. Have you received any prior offers? Is the seller open to a 17% 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. 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.
8. 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.
9. 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: 0.83% ✗
• Cap rate: 5.27%
• Cash-on-cash: -3.64%
• DSCR: 0.84
• GRM: 10.1

CMA / ARV

• ARV (median comp): $321,220
• List price: $239,900
• Delta: -25.32%
• Verdict: UNDERPRICED
• Comps: 20 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 22.3%
• Equity multiple: 2.81×
• Total profit: $121,383
• Equity at exit: $216,121

10-year hold

• IRR: 20.4%
• Equity multiple: 6.59×
• Total profit: $375,672
• Equity at exit: $466,073

Cash invested: $67,172 (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: 321
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,982 high
• Mortgage (P&I): −$1,258
• Tax from tax record: −$411 /mo · $4,931/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$416
• Net cashflow: $-204

Break-even live

Break-even rent $2,239

Max offer price $203,948

Occupancy floor —

Sensitivity live

Price	-10% $-68	-5% $-136	+0% $-204	+5% $-271	+10% $-339
Rent	-10% $-360	-5% $-282	+0% $-204	+5% $-125	+10% $-47
Rate	-1.0pp $-83	-0.5pp $-142	base $-204	+0.5pp $-266	+1.0pp $-329

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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2910 Reed Rd Houston, TX	3.0	2.0	1221	$1,228	$1.01	1d	3	0.25mi
9610 Buffum St Houston, TX	3.0	3.0	1605	$1,799	$1.12	45d	1	0.26mi
2889 Reed Rd Houston, TX	1.0–2.0	1.0–2.0	997	$1,648	$1.65	4d	2	0.34mi
2725 Reed Rd Houston, TX	1.0–3.0	1.0–2.5	911	$975	$1.07	45d	1	0.46mi
9606 Ashville Dr Unit B Houston, TX	3.0	2.0	1610	$1,570	$0.98	45d	1	0.50mi
3710 Rockingham St Houston, TX	3.0	2.0	1890	$1,700	$0.90	45d	1	0.55mi
3137 W Bellfort Ave Houston, TX	2.0	2.0	1164	$1,802	$1.55	45d	1	0.78mi
10514 Wellesley Terrace Trl Houston, TX	3.0	3.0	1843	$2,300	$1.25	19d	1	0.86mi
2937 Amherst Meadow Ln Unit NA Houston, TX	3.0	2.5	1820	$2,400	$1.32	6d	1	0.89mi
2937 Amherst Meadow Ln Houston, TX	3.0	2.5	1820	$2,450	$1.35	23d	1	0.89mi
10415 Lancaster Ln Houston, TX	3.0–4.0	2.5	1937	$2,525	$1.30	22d	1	0.92mi
8328 Corinth St Unit B Houston, TX	3.0	2.5	1500	$2,800	$1.87	21d	1	1.04mi
3620 Du Bois St Unit 1302349P Houston, TX	3.0	2.5	1797	$2,945	$1.64	4d	1	1.15mi
4117 Shelby Cir Unit 1230900P Houston, TX	4.0	2.0	1367	$5,253	$3.84	1d	1	1.17mi
4538 Clover St Houston, TX	4.0	2.0	1768	$1,595	$0.90	45d	1	1.18mi
4406 Sterling St Houston, TX	3.0	2.5	1840	$1,999	$1.09	18d	1	1.26mi
4514 Galesburg St Unit B Houston, TX	3.0	2.5	1680	$3,500	$2.08	26d	1	1.26mi
4526 Knoxville St Unit A Houston, TX	3.0	2.5	1474	$1,775	$1.20	16d	1	1.27mi
8010 Livingston St Houston, TX	3.0	2.0	1400	$1,800	$1.29	45d	1	1.30mi
8606 Lee Otis St Houston, TX	4.0	2.5	1869	$1,975	$1.06	0d	1	1.43mi
9676 Knight Rd Houston, TX	2.0	3.0	1481	$2,199	$1.48	45d	1	1.43mi
4723 Mallow St Houston, TX	3.0	2.5	1472	$1,850	$1.26	7d	1	1.46mi

Listing history 24 events

1. 2026-06-21
   days on market $239,900 Active 74 DOM
2. 2026-06-18
   days on market $239,900 Active 71 DOM
3. 2026-06-17
   days on market $239,900 Active 70 DOM
4. 2026-06-16
   days on market $239,900 Active 69 DOM
5. 2026-06-15
   days on market $239,900 Active 68 DOM
6. 2026-06-13
   days on market $239,900 Active 66 DOM
7. 2026-06-10
   days on market $239,900 Active 62 DOM
8. 2026-06-08
   days on market $239,900 Active 61 DOM
9. 2026-06-07
   days on market $239,900 Active 60 DOM
10. 2026-06-04
    days on market $239,900 Active 57 DOM
11. 2026-06-01
    days on market $239,900 Active 54 DOM
12. 2026-05-31
    days on market $239,900 Active 53 DOM
13. 2026-05-10
    listed $2,250
14. 2026-04-08
    listed $239,900 Active 1004-char remark

    Show marketing remark (1004 chars)

    Move-In Ready! Welcome to this beautifully maintained two-story townhome offers 3 bedrooms, 2.5 full baths, and an open layout filled with natural light. Offering 1,708 square feet of comfortable and functional living space. Designed with both style and practicality in mind, the thoughtfully laid-out floor plan features spacious living and dining areas filled with natural light, creating an inviting atmosphere for everyday living and entertaining. The kitchen provides ample cabinetry and workspace, seamlessly connecting to the main living areas for effortless flow. Upstairs, the generously sized bedrooms include a well-appointed primary suite with a private bath, while the additional bedrooms share a full bathroom, plus a convenient guest powder room on the main level. This home offers the perfect blend of comfort, space, and convenience. Minutes to downtown Houston, minutes to 610 & I 10,quick drive to NRG Stadium and the Galleria. Fantastic Urban living experience! Come see TODAY!

15. 2025-06-09
    soldstatus
16. 2025-06-06
    soldstatus Sold 832-char remark

    Show marketing remark (832 chars)

    This charming home offers 3 spacious bedrooms, 2.5 bathrooms, NO HOA, and recent updates. The kitchen is recently renovated with sleek countertops and a modern color palette. Enjoy the fresh look and feel of brand-new flooring throughout the home, adding both style and durability. The living and dining areas flow effortlessly, providing a perfect space for gatherings or relaxation. The primary suite is a tranquil retreat with ample closet space, and natural light. Step out into a private backyard, a perfect canvas for creating your own garden oasis or designing a patio of your dreams. This home shares one wall with the neighboring unit, offering a sense of community while maintaining your privacy. Conveniently located near the Houston Medical Center, NRG Stadium, and minutes from Downtown with easy access to 288 and 610.

17. 2025-05-19
    status Pending 832-char remark

    Show marketing remark (832 chars)

    This charming home offers 3 spacious bedrooms, 2.5 bathrooms, NO HOA, and recent updates. The kitchen is recently renovated with sleek countertops and a modern color palette. Enjoy the fresh look and feel of brand-new flooring throughout the home, adding both style and durability. The living and dining areas flow effortlessly, providing a perfect space for gatherings or relaxation. The primary suite is a tranquil retreat with ample closet space, and natural light. Step out into a private backyard, a perfect canvas for creating your own garden oasis or designing a patio of your dreams. This home shares one wall with the neighboring unit, offering a sense of community while maintaining your privacy. Conveniently located near the Houston Medical Center, NRG Stadium, and minutes from Downtown with easy access to 288 and 610.

18. 2025-05-12
    status Option Pending 832-char remark

    Show marketing remark (832 chars)

    This charming home offers 3 spacious bedrooms, 2.5 bathrooms, NO HOA, and recent updates. The kitchen is recently renovated with sleek countertops and a modern color palette. Enjoy the fresh look and feel of brand-new flooring throughout the home, adding both style and durability. The living and dining areas flow effortlessly, providing a perfect space for gatherings or relaxation. The primary suite is a tranquil retreat with ample closet space, and natural light. Step out into a private backyard, a perfect canvas for creating your own garden oasis or designing a patio of your dreams. This home shares one wall with the neighboring unit, offering a sense of community while maintaining your privacy. Conveniently located near the Houston Medical Center, NRG Stadium, and minutes from Downtown with easy access to 288 and 610.

19. 2025-03-27
    listed $229,000 Active 832-char remark

    Show marketing remark (832 chars)

    This charming home offers 3 spacious bedrooms, 2.5 bathrooms, NO HOA, and recent updates. The kitchen is recently renovated with sleek countertops and a modern color palette. Enjoy the fresh look and feel of brand-new flooring throughout the home, adding both style and durability. The living and dining areas flow effortlessly, providing a perfect space for gatherings or relaxation. The primary suite is a tranquil retreat with ample closet space, and natural light. Step out into a private backyard, a perfect canvas for creating your own garden oasis or designing a patio of your dreams. This home shares one wall with the neighboring unit, offering a sense of community while maintaining your privacy. Conveniently located near the Houston Medical Center, NRG Stadium, and minutes from Downtown with easy access to 288 and 610.

20. 2008-10-31
    soldstatus
21. 2008-10-22
    soldstatus
22. 2006-12-22
    soldstatus
23. 2006-04-19
    soldstatus
24. 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: $4,931 · $411/mo
• Projected year-2 tax: $4,931 · $411/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 21 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: $23,778
• − Mortgage interest: −$13,438
• − Property taxes: −$4,931
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,902
• − Management: −$1,902
• − Depreciation: −$6,979
• Taxable loss: −$6,574
• Est. tax savings @ 24.0%: +$1,578
• After-tax cash flow: $-865/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

-99.0% since first listed

12 events — show timeline

• 2026-05-10 Listed for Rent $2,250 HARMLS
• 2026-04-08 Listed $239,900 HARMLS
• 2025-06-09 Sold (Public Records) — Public Records
• 2025-06-06 Sold (MLS) — HARMLS
• 2025-05-19 Pending — HARMLS
• 2025-05-12 Pending — HARMLS
• 2025-03-27 Listed $229,000 HARMLS
• 2008-10-31 Sold (Public Records) — Public Records
• 2008-10-22 Sold (Public Records) — Public Records
• 2006-12-22 Sold (Public Records) — Public Records
• 2006-04-19 Sold (Public Records) — Public Records
• 1988-01-02 Sold (Public Records) — Public Records

Property tax history

+2.5%/yr

Latest (2025): $4,931 · -38.8% YoY. Source: county tax records.