36 W Old Field Dr · Houston, TX 77336

$219,000

3 bd · 2.0 ba · 1,216 sqft · Manufactured public records · 6 Days on market

Built 1998 1.00 ac lot $180/sqft · 11% below area Est $246k · 11% 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).

• Cash flow +16.3/30.0
• ARV discount +12.5/15.0
• DSCR +5.0/10.0
• Livability +3.7/5.0
• 1% rule +3.6/10.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.7/10.0

Listing remarks MLS

Experience the perfect blend of rural charm and modern comfort in this well-maintained 3-bedroom, 2-full bath property nestled on a sprawling one-acre lot just off Hwy 2100 S. The heart of the home, the kitchen is equipped with a gas stove, tons of storage and a view to the Living Room. The master has an ensuite with double sinks and a convenient wall of cabinets. Secondary bedrooms and a full bathroom are thoughtfully placed in proximity. Step outside onto the covered patio, crowned with a durable metal roof, creating a perfect spot for outdoor gatherings and relaxation. Additionally, a spacious driveway offers a place to park your vehicles in clear view nearby. The property is self-sufficient with a private septic system and a well providing a reliable and independent water source. Located close to Lake Houston Wilderness Park, Lake Houston and a variety of shopping, dining, and entertainment options it's a must see! Click the Virtual Tour link to view the 3D walkthrough.

Key facts

• Large yard
• Move in ready
• Fully furnished

Tags

• FULLY FURNISHED
• MOVE IN READY
• LARGE YARD
• CONVENIENTLY LOCATED

Property features AI

Finance

• Financial info: Lease not considered

Exterior

• Parking: Detached 2-car garage; Driveway
• Utilities: Well water; Septic tank
• Home design: Residential property; One story; Built in 1998
• Construction: Wood siding construction; Composition roof
• Exterior features: Covered patio; Deck; Patio; Fully fenced yard; Paved driveway; Storage; Shed(s)

Interior

• Kitchen: Kitchen (first level) — 11 x 15; Dishwasher; Gas Range; Microwave
• Bedrooms: Primary bedroom (first level) — 13 x 15; Bedroom (first level) — 9 x 15; Bedroom (first level) — 8 x 11
• Flooring: Tile
• Bathrooms: 2 full bathrooms; Primary bathroom (first level) — 5 x 15; Bathroom (first level) — 4 x 7
• Heating & cooling: Propane heating; Window unit cooling
• Interior features: Dishwasher; Gas Range; Microwave; Tile flooring
• Laundry & utility: Utility room (first level) — 5 x 7

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $219k.

Deal economics

• At list price, monthly cash flow is $119 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $188k (14.0% below list).
• Recommended offer: $188k (14.0% below list) — sets the bar for 1% rule.
• Cap rate 6.9% 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: 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.
• Zoned schools: Falcon Ridge El (math 30% / reading 35%, grade F, #2,234 of 4,322 statewide, top 52%, 689 students, 49% FRL); Huffman Middle (math 36% / reading 32%, grade F, #892 of 1,662 statewide, top 55%, 907 students, 42% FRL); Hargrave H S (math 31% / reading 46%, grade F, #866 of 1,632 statewide, top 54%, 1,125 students, 36% FRL).
• Market conditions: 587 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 $2k of loan paydown is wiped out by about $7k 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

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 7y 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.
• Current owner paid $4k; list at $219k implies a 5375% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: 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 $188,448 (14.0% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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?
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: 0.86% ✗
• Cap rate: 6.94%
• Cash-on-cash: 2.32%
• DSCR: 1.10
• GRM: 9.7

CMA / ARV

• ARV (median comp): $246,347
• List price: $219,000
• Delta: -10.69%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
103 Lone Pine Dr	0.52mi	3/2.0	1,216 (0%)	10mo	$120,000	$99	68

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -12.7%
• Equity multiple: 0.54×
• Total profit: $-27,997
• Equity at exit: $32,654

10-year hold

• IRR: -3.7%
• Equity multiple: 0.76×
• Total profit: $-14,899
• Equity at exit: $18,935

Cash invested: $61,320 (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 77336

• Home prices YoY: -1.8%
• Active inventory: 587
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,884 medium
• Mortgage (P&I): −$1,148
• Tax from tax record: −$130 /mo · $1,566/yr
• Insurance: −$91
• HOA: −$0
• Vacancy / Maint / Mgmt: −$396
• Net cashflow: $119

Break-even live

Break-even rent $1,734

Max offer price $219,000

Occupancy floor 89%

Sensitivity live

Price	-10% $243	-5% $181	+0% $119	+5% $57	+10% $-5
Rent	-10% $-30	-5% $44	+0% $119	+5% $193	+10% $267
Rate	-1.0pp $229	-0.5pp $174	base $119	+0.5pp $62	+1.0pp $4

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: $54,750
• Closing costs: $6,570
• Reserves months: —
• Total cash needed: —

Listing history 30 events

1. 2026-06-21
   days on market $219,000 Active 6 DOM
2. 2026-06-18
   days on market $219,000 Active 3 DOM
3. 2026-06-17
   days on market $219,000 Active 2 DOM
4. 2026-06-15
   pricedays on marketlisting id $219,000 Active 1 DOM
5. 2026-06-15
   days on market $220,000 Active 90 DOM
6. 2026-06-13
   days on market $220,000 Active 88 DOM
7. 2026-06-09
   days on market $220,000 Active 84 DOM
8. 2026-06-08
   days on market $220,000 Active 83 DOM
9. 2026-06-07
   days on market $220,000 Active 82 DOM
10. 2026-06-04
    days on market $220,000 Active 79 DOM
11. 2026-06-03
    days on market $220,000 Active 78 DOM
12. 2026-06-02
    days on market $220,000 Active 77 DOM
13. 2026-06-01
    days on market $220,000 Active 76 DOM
14. 2026-05-31
    days on market $220,000 Active 75 DOM
15. 2026-05-07
    price $220,000 513-char remark
16. 2026-03-17
    listed $225,000 Active 513-char remark
17. 2024-06-03
    soldstatus
18. 2024-05-31
    soldstatus Sold 988-char remark

    Show marketing remark (988 chars)

    Experience the perfect blend of rural charm and modern comfort in this well-maintained 3-bedroom, 2-full bath property nestled on a sprawling one-acre lot just off Hwy 2100 S. The heart of the home, the kitchen is equipped with a gas stove, tons of storage and a view to the Living Room. The master has an ensuite with double sinks and a convenient wall of cabinets. Secondary bedrooms and a full bathroom are thoughtfully placed in proximity. Step outside onto the covered patio, crowned with a durable metal roof, creating a perfect spot for outdoor gatherings and relaxation. Additionally, a spacious driveway offers a place to park your vehicles in clear view nearby. The property is self-sufficient with a private septic system and a well providing a reliable and independent water source. Located close to Lake Houston Wilderness Park, Lake Houston and a variety of shopping, dining, and entertainment options it's a must see! Click the Virtual Tour link to view the 3D walkthrough.

19. 2024-04-23
    status Pending 988-char remark

    Show marketing remark (988 chars)

    Experience the perfect blend of rural charm and modern comfort in this well-maintained 3-bedroom, 2-full bath property nestled on a sprawling one-acre lot just off Hwy 2100 S. The heart of the home, the kitchen is equipped with a gas stove, tons of storage and a view to the Living Room. The master has an ensuite with double sinks and a convenient wall of cabinets. Secondary bedrooms and a full bathroom are thoughtfully placed in proximity. Step outside onto the covered patio, crowned with a durable metal roof, creating a perfect spot for outdoor gatherings and relaxation. Additionally, a spacious driveway offers a place to park your vehicles in clear view nearby. The property is self-sufficient with a private septic system and a well providing a reliable and independent water source. Located close to Lake Houston Wilderness Park, Lake Houston and a variety of shopping, dining, and entertainment options it's a must see! Click the Virtual Tour link to view the 3D walkthrough.

20. 2024-04-18
    status Option Pending 988-char remark

    Show marketing remark (988 chars)

    Experience the perfect blend of rural charm and modern comfort in this well-maintained 3-bedroom, 2-full bath property nestled on a sprawling one-acre lot just off Hwy 2100 S. The heart of the home, the kitchen is equipped with a gas stove, tons of storage and a view to the Living Room. The master has an ensuite with double sinks and a convenient wall of cabinets. Secondary bedrooms and a full bathroom are thoughtfully placed in proximity. Step outside onto the covered patio, crowned with a durable metal roof, creating a perfect spot for outdoor gatherings and relaxation. Additionally, a spacious driveway offers a place to park your vehicles in clear view nearby. The property is self-sufficient with a private septic system and a well providing a reliable and independent water source. Located close to Lake Houston Wilderness Park, Lake Houston and a variety of shopping, dining, and entertainment options it's a must see! Click the Virtual Tour link to view the 3D walkthrough.

21. 2024-04-15
    price $180,000 988-char remark

    Show marketing remark (988 chars)

    Experience the perfect blend of rural charm and modern comfort in this well-maintained 3-bedroom, 2-full bath property nestled on a sprawling one-acre lot just off Hwy 2100 S. The heart of the home, the kitchen is equipped with a gas stove, tons of storage and a view to the Living Room. The master has an ensuite with double sinks and a convenient wall of cabinets. Secondary bedrooms and a full bathroom are thoughtfully placed in proximity. Step outside onto the covered patio, crowned with a durable metal roof, creating a perfect spot for outdoor gatherings and relaxation. Additionally, a spacious driveway offers a place to park your vehicles in clear view nearby. The property is self-sufficient with a private septic system and a well providing a reliable and independent water source. Located close to Lake Houston Wilderness Park, Lake Houston and a variety of shopping, dining, and entertainment options it's a must see! Click the Virtual Tour link to view the 3D walkthrough.

22. 2024-03-14
    listed $195,000 Active 988-char remark

    Show marketing remark (988 chars)

    Experience the perfect blend of rural charm and modern comfort in this well-maintained 3-bedroom, 2-full bath property nestled on a sprawling one-acre lot just off Hwy 2100 S. The heart of the home, the kitchen is equipped with a gas stove, tons of storage and a view to the Living Room. The master has an ensuite with double sinks and a convenient wall of cabinets. Secondary bedrooms and a full bathroom are thoughtfully placed in proximity. Step outside onto the covered patio, crowned with a durable metal roof, creating a perfect spot for outdoor gatherings and relaxation. Additionally, a spacious driveway offers a place to park your vehicles in clear view nearby. The property is self-sufficient with a private septic system and a well providing a reliable and independent water source. Located close to Lake Houston Wilderness Park, Lake Houston and a variety of shopping, dining, and entertainment options it's a must see! Click the Virtual Tour link to view the 3D walkthrough.

23. 2024-03-13
    historical $195,000 988-char remark

    Show marketing remark (988 chars)

    Experience the perfect blend of rural charm and modern comfort in this well-maintained 3-bedroom, 2-full bath property nestled on a sprawling one-acre lot just off Hwy 2100 S. The heart of the home, the kitchen is equipped with a gas stove, tons of storage and a view to the Living Room. The master has an ensuite with double sinks and a convenient wall of cabinets. Secondary bedrooms and a full bathroom are thoughtfully placed in proximity. Step outside onto the covered patio, crowned with a durable metal roof, creating a perfect spot for outdoor gatherings and relaxation. Additionally, a spacious driveway offers a place to park your vehicles in clear view nearby. The property is self-sufficient with a private septic system and a well providing a reliable and independent water source. Located close to Lake Houston Wilderness Park, Lake Houston and a variety of shopping, dining, and entertainment options it's a must see! Click the Virtual Tour link to view the 3D walkthrough.

24. 2019-10-03
    historical
25. 2019-03-28
    listed $140,000 Active
26. 2019-03-27
    listed $140,000 Active
27. 2019-03-27
    historical
28. 2001-11-06
    soldstatus
29. 1993-01-01
    soldstatus $4,000
30. 1992-01-24
    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: $1,566 · $130/mo
• Projected year-2 tax: $4,008 · $334/mo
• Expected delta: +$2,442/yr (+$203/mo · 156.0%)

ⓘ 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 3/10 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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,614
• − Mortgage interest: −$12,267
• − Property taxes: −$1,566
• − Insurance: −$1,095
• − Repairs & maintenance: −$1,809
• − Management: −$1,809
• − Depreciation: −$6,371
• Taxable loss: −$2,304
• Est. tax savings @ 24.0%: +$553
• After-tax cash flow: $1,975/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): 14,342
• Household income: $96,404
• Rent vs Own: 21.8% rent · 78.2% own
• Severe rent burden: 377.0

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 (65%)
• Race & ethnicity: White 65% Hispanic / Latino 23% Two or more races 9% Black 5% Native American 4%
• Hispanic origin (detail): Mexican 20%
• Common ancestry: Lithuanian 4% Slovak 2% Romanian 2%
• Foreign-born: 9% · Canada
• Languages at home: 79% English-only · Spanish 18% Other Indo-European 2%

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: ▼ -8.59%
• Current HPI: 472.03
• Rent YoY: —
• 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

+5375.0% since first listed

18 events — show timeline

• 2026-06-15 Listed $219,000 HARMLS
• 2026-06-15 Listing Removed — HARMLS
• 2026-05-07 Price Changed $220,000 HARMLS
• 2026-03-17 Listed $225,000 HARMLS
• 2024-06-03 Sold (Public Records) — Public Records
• 2024-05-31 Sold (MLS) — HARMLS
• 2024-04-23 Pending — HARMLS
• 2024-04-18 Pending — HARMLS
• 2024-04-15 Price Changed $180,000 HARMLS
• 2024-03-14 Listed $195,000 HARMLS
• 2024-03-13 Coming Soon $195,000 HARMLS
• 2019-10-03 Listing Removed — HARMLS
• 2019-03-28 Listed $140,000 HARMLS
• 2019-03-27 Listing Removed — HARMLS
• 2019-03-27 Listed $140,000 HARMLS
• 2001-11-06 Sold (Public Records) — Public Records
• 1993-01-01 Sold (Public Records) $4,000 Public Records
• 1992-01-24 Sold (Public Records) — Public Records

Property tax history

+9.4%/yr

Latest (2025): $1,566 · +42.9% YoY. Source: county tax records.