7413 Faith Dr · Deer Park, TX 77536

$189,000

4 bd · 1.0 ba · 1,176 sqft · SingleFamily public records · 33 Days on market

Built 1955 7,440 sqft lot $161/sqft · 13% below area Est $216k · 13% 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).

• Cash flow +16.4/30.0
• ARV discount +13.1/15.0
• 1% rule +5.7/10.0
• DSCR +5.1/10.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 7413 Faith Dr in Deer Park—a recently renovated home with modern updates throughout. Enjoy peace of mind with a new roof, along with stylish new flooring that creates a fresh, cohesive feel. The kitchen features updated countertops, while the bathroom has been refreshed with clean, contemporary finishes. Move-in ready and conveniently located near local amenities, this home offers both comfort and convenience in a well-established neighborhood.

Key facts

• Stylish new flooring
• Updated countertops
• New roof

Tags

• NEW ROOF
• UPDATED COUNTERTOPS
• STYLISH NEW FLOORING
• CLEAN CONTEMPORARY FINISHES
• WELL-ESTABLISHED NEIGHBORHOOD

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $189k.

Deal economics

• At list price, monthly cash flow is $109 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $189k).
• Recommended offer: $183k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.0% vs local median 3.6% in Deer Park — 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 72/100 on livability (#244 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: amenities C-, commute F.
• Deer Park ISD (suburban): math 50% / reading 47% proficiency, ranked #170 of 826 in TX (top 21%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.3%/yr); 170 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 0d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $1k of loan paydown is wiped out by about $6k 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 33 days — a 3% lower offer ($183k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 19y 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

• Watch-outs: property tax is 2.7% of price; built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $183,330 (3.0% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.07% ✓
• Cap rate: 6.98%
• Cash-on-cash: 2.46%
• DSCR: 1.11
• GRM: 7.8

CMA / ARV

• ARV (median comp): $216,070
• List price: $189,000
• Delta: -12.53%
• 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
7429 Valeda Dr	0.23mi	4/2.0	1,154 (-2%)	4mo	$199,000	$172	79
7406 Valeda Dr	0.20mi	3/2.0 (-1)	1,155 (-2%)	7mo	$205,000	$177	73
7409 Elbridge Ln	0.11mi	3/1.5 (-1)	1,176 (0%)	19mo	$225,000	$191	72
7433 W Lambuth Ln	0.08mi	3/1.0 (-1)	1,240 (+5%)	13mo	$219,900	$177	71
7429 Elbridge Ln	0.13mi	3/2.0 (-1)	1,070 (-9%)	1mo	$219,900	$206	69
7422 Carrie Ln	0.20mi	4/2.0	1,314 (+12%)	8mo	$234,599	$179	60
7417 Faith Dr	0.01mi	3/2.0 (-1)	1,033 (-12%)	16mo	$228,500	$221	57
2606 Hillshire Dr	0.66mi	3/2.0 (-1)	1,310 (+11%)	2mo	$250,000	$191	39
2522 Estate Dr	0.62mi	3/1.5 (-1)	1,270 (+8%)	19mo	$247,900	$195	35
1109 E Rutgers Ln	0.75mi	3/1.5 (-1)	1,095 (-7%)	15mo	$225,900	$206	34
2326 Estate Dr	0.73mi	3/1.0 (-1)	1,016 (-14%)	8mo	$197,500	$194	32
2618 Kingsdale Dr	0.55mi	3/3.0 (-1)	1,318 (+12%)	15mo	$209,990	$159	28

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 · 2.26% rent growth · sell at horizon

5-year hold

• IRR: -13.3%
• Equity multiple: 0.53×
• Total profit: $-25,057
• Equity at exit: $28,181

10-year hold

• IRR: -5.5%
• Equity multiple: 0.65×
• Total profit: $-18,369
• Equity at exit: $16,341

Cash invested: $52,920 (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 77536

• Home prices YoY: -24.8%
• Rents YoY: 2.3%
• Active inventory: 170
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,022 high
• Mortgage (P&I): −$991
• Tax from tax record: −$419 /mo · $5,024/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$425
• Net cashflow: $109

Break-even live

Break-even rent $1,884

Max offer price $189,000

Occupancy floor 90%

Sensitivity live

Price	-10% $216	-5% $162	+0% $109	+5% $55	+10% $2
Rent	-10% $-51	-5% $29	+0% $109	+5% $189	+10% $268
Rate	-1.0pp $204	-0.5pp $157	base $109	+0.5pp $60	+1.0pp $10

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7201 Spencer Hwy Pasadena, TX	1.0–3.0	1.0–2.0	925	$1,600	$1.73	44d	18	0.42mi
722 E Brown Ln Deer Park, TX	3.0	2.0	1349	$1,844	$1.37	25d	1	0.54mi
7878 Spencer Hwy Unit 7911 Pasadena, TX	3.0	2.0	1200	$1,374	$1.15	0d	1	0.67mi
500 W Pasadena Blvd Deer Park, TX	2.0–4.0	2.0–3.0	1300	$2,333	$1.79	0d	26	0.80mi
800 W Pasadena Blvd Deer Park, TX	3.0	1.0–2.0	965	$2,510	$2.60	0d	17	0.81mi
401 W Pasadena Blvd Deer Park, TX	1.0–3.0	1.0–2.0	1038	$2,090	$2.01	0d	20	0.83mi
6565 Spencer Hwy Unit 6598 Pasadena, TX	3.0	2.0	1200	$1,594	$1.33	0d	1	0.83mi
2824 Randolph Rd Unit 12 Pasadena, TX	3.0	2.0	840	$1,095	$1.30	44d	1	1.24mi

Listing history 12 events

1. 2026-05-19
   status Pending 468-char remark

   Show marketing remark (468 chars)

   Welcome to 7413 Faith Dr in Deer Park—a recently renovated home with modern updates throughout. Enjoy peace of mind with a new roof, along with stylish new flooring that creates a fresh, cohesive feel. The kitchen features updated countertops, while the bathroom has been refreshed with clean, contemporary finishes. Move-in ready and conveniently located near local amenities, this home offers both comfort and convenience in a well-established neighborhood.

2. 2026-05-11
   status Pending 468-char remark

   Show marketing remark (468 chars)

   Welcome to 7413 Faith Dr in Deer Park—a recently renovated home with modern updates throughout. Enjoy peace of mind with a new roof, along with stylish new flooring that creates a fresh, cohesive feel. The kitchen features updated countertops, while the bathroom has been refreshed with clean, contemporary finishes. Move-in ready and conveniently located near local amenities, this home offers both comfort and convenience in a well-established neighborhood.

3. 2026-04-15
   listed $189,000 Active 468-char remark

   Show marketing remark (468 chars)

   Welcome to 7413 Faith Dr in Deer Park—a recently renovated home with modern updates throughout. Enjoy peace of mind with a new roof, along with stylish new flooring that creates a fresh, cohesive feel. The kitchen features updated countertops, while the bathroom has been refreshed with clean, contemporary finishes. Move-in ready and conveniently located near local amenities, this home offers both comfort and convenience in a well-established neighborhood.

4. 2008-09-23
   soldstatus
5. 2007-09-20
   historical
6. 2007-06-28
   listed $61,900
7. 2007-06-27
   historical
8. 2007-04-12
   listed $66,900
9. 2006-03-15
   soldstatus
10. 2005-06-07
    soldstatus
11. 2005-06-07
    soldstatus
12. 1994-01-02
    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: $5,024 · $419/mo
• Projected year-2 tax: $5,024 · $419/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 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 23 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: $24,262
• − Mortgage interest: −$10,587
• − Property taxes: −$5,024
• − Insurance: −$945
• − Repairs & maintenance: −$1,941
• − Management: −$1,941
• − Depreciation: −$5,498
• Taxable loss: −$1,674
• Est. tax savings @ 24.0%: +$402
• After-tax cash flow: $1,706/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: Deer Park ISD
• NCES district ID: 4816530
• Math proficiency: 50% ▼ -10.00%
• Reading proficiency: 47% ▼ -3.00%
• Median HH income: $68,227
• Composite: 43.3/100
• National rank: #3039
• State rank: #170 of 826 in TX

Livability — Deer Park

• Score: 72/100
• State rank: #244
• US rank: #5835

Category grades

Amenities C- Commute F Cost of living A+ Crime A Employment B Housing A+ Health & safety B- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Deer Park, TX
• County: Harris County · 4,702,590 people
• City population: 33,174
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 33,174
• Household income: $102,045
• Rent vs Own: 20.0% rent · 80.0% own
• Severe rent burden: 583.0

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 White (58%)
• Race & ethnicity: White 58% Hispanic / Latino 36% Two or more races 15% Black 3% Native American 1%
• Hispanic origin (detail): Mexican 33%
• Common ancestry: Italian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 7% · Canada
• Languages at home: 83% English-only · Spanish 17%

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: ▼ -83.30%
• Current HPI: 253.1973
• Rent YoY: ▲ 2.26%
• 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

+182.5% since first listed

12 events — show timeline

• 2026-05-19 Pending — HARMLS
• 2026-05-11 Pending — HARMLS
• 2026-04-15 Listed $189,000 HARMLS
• 2008-09-23 Sold (Public Records) — Public Records
• 2007-09-20 Listing Removed — HARMLS
• 2007-06-28 Listed $61,900 HARMLS
• 2007-06-27 Listing Removed — HARMLS
• 2007-04-12 Listed $66,900 HARMLS
• 2006-03-15 Sold (Public Records) — Public Records
• 2005-06-07 Sold (Public Records) — Public Records
• 2005-06-07 Sold (Public Records) — Public Records
• 1994-01-02 Sold (Public Records) — Public Records

Property tax history

+5.3%/yr

Latest (2025): $5,024 · +3.6% YoY. Source: county tax records.