7502 Bywood St · Houston, TX 77028

$119,999

2 bd · 1.0 ba · 972 sqft · SingleFamily public records · 284 Days on market

Built 1952 7,801 sqft lot $123/sqft · 23% below area Est $155k · 23% under

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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 +27.3/30.0
• ARV discount +15.0/15.0
• DSCR +9.5/10.0
• 1% rule +7.8/10.0
• Appreciation +7.6/10.0
• Livability +3.7/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0

Listing remarks MLS

BEING SOLD AS IS but the seller has already done some NICE UPDATING! This home is a GREAT VALUE because the seller has already started some nice upgrades. The property is located at 7502 Bywood Street and offers the perfect balance between residential tranquility and convenient city living. This area is known for its accessibility to downtown Houston, providing a wealth of employment, entertainment, and dining options. With easy access to major highways, residents can enjoy Houston's vibrant culture, including parks, museums, and shopping centers, all within a short drive. 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

• Shopping centers
• 7502 bywood street
• Museums

Tags

• 7502 BYWOOD STREET
• EASY ACCESS TO MAJOR HIGHWAYS
• PARKS
• MUSEUMS
• SHOPPING CENTERS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $348 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.8% 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.
• 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 soft (-1.6%/yr); 353 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• At $1,540/mo this rent would consume 48% of the median local household income ($38k/yr) (locally 1177% 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 $7k of equity ($829 loan paydown + $6k appreciation (5.2% local appreciation)).
• Harris County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (5.2% appreciation + 0.0% rent growth), your $34k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 284 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 4y ago; this cycle's ask has dropped $17k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• 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 $105,599 (12.0% below list)

Questions for the listing agent

1. It's been on market 284 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.28% ✓
• Cap rate: 9.77%
• Cash-on-cash: 12.42%
• DSCR: 1.55
• GRM: 6.5

CMA / ARV

• ARV (median comp): $155,479
• List price: $119,999
• Delta: -22.82%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7516 Weyburn St	0.08mi	3/1.0 (+1)	888 (-9%)	15mo	$98,000	$110	64
7534 Bywood St	0.09mi	3/1.0 (+1)	1,107 (+14%)	10mo	$179,000	$162	59
7828 Homewood Ln	0.59mi	3/1.0 (+1)	925 (-5%)	4mo	$140,000	$151	56
6916 Orville St	0.66mi	2/1.0	928 (-4%)	13mo	$154,999	$167	51
7625 Delavan Dr	0.35mi	3/1.0 (+1)	1,092 (+12%)	12mo	$145,000	$133	48
8014 Crestview Dr	0.73mi	2/1.0	920 (-5%)	17mo	$109,250	$119	43
7925 Crestview Dr	0.63mi	3/1.0 (+1)	1,032 (+6%)	15mo	$160,000	$155	42
7901 Richland Dr	0.57mi	2/1.0	1,108 (+14%)	10mo	$115,000	$104	42
8006 Crestview Dr	0.70mi	3/1.0 (+1)	920 (-5%)	16mo	$120,000	$130	40
7502 Fawnridge Dr	0.34mi	3/1.0 (+1)	1,105 (+14%)	21mo	$175,000	$158	39

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

Projected returns pro-forma

5.25% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 22.3%
• Equity multiple: 2.40×
• Total profit: $47,028
• Equity at exit: $69,795

10-year hold

• IRR: 20.3%
• Equity multiple: 4.41×
• Total profit: $114,633
• Equity at exit: $121,966

Cash invested: $33,600 (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 77028

• Home prices YoY: 2.0%
• Rents YoY: -1.6%
• Active inventory: 353
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,540 high
• Mortgage (P&I): −$629
• Tax from tax record: −$190 /mo · $2,278/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$323
• Net cashflow: $348

Break-even live

Break-even rent $1,100

Max offer price $119,999

Occupancy floor 72%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8015 Elbert St Unit A Houston, TX	2.0	2.0	1021	$1,650	$1.62	7d	1	0.12mi
7973 Ritz St Houston, TX	3.0	2.0	1076	$2,250	$2.09	7d	1	1.02mi
7201 Hallshire Dr Unit 235 Houston, TX	3.0	1.0	1100	$850	$0.77	43d	1	1.08mi
7201 Hallshire Dr Houston, TX	2.0	1.0	985	$740	$0.75	43d	1	1.08mi
7201 Hallshire Dr Unit 222 Houston, TX	2.0	1.0	985	$700	$0.71	43d	1	1.08mi
9550 N Wayside Dr Houston, TX	1.0–3.0	1.0–2.0	896	$1,199	$1.34	1d	5	1.11mi
8309 Carolwood Dr Houston, TX	3.0	1.0	938	$1,350	$1.44	43d	1	1.16mi
7947 Henson St Houston, TX	3.0	2.0	1090	$1,349	$1.24	5d	1	1.16mi
7252 Parker Rd Houston, TX	3.0	1.0	916	$1,650	$1.80	43d	1	1.47mi

Listing history 26 events

1. 2026-06-18
   days on market $119,999 Active 284 DOM
2. 2026-06-17
   days on market $119,999 Active 283 DOM
3. 2026-06-16
   days on market $119,999 Active 282 DOM
4. 2026-06-15
   days on market $119,999 Active 281 DOM
5. 2026-06-13
   days on market $119,999 Active 279 DOM
6. 2026-06-10
   days on market $119,999 Active 275 DOM
7. 2026-06-08
   days on market $119,999 Active 274 DOM
8. 2026-06-07
   days on market $119,999 Active 273 DOM
9. 2026-06-04
   days on market $119,999 Active 270 DOM
10. 2026-06-01
    days on market $119,999 Active 267 DOM
11. 2026-05-31
    days on market $119,999 Active 266 DOM
12. 2026-05-06
    price $119,999 804-char remark

    Show marketing remark (804 chars)

    BEING SOLD AS IS but the seller has already done some NICE UPDATING! This home is a GREAT VALUE because the seller has already started some nice upgrades. The property is located at 7502 Bywood Street and offers the perfect balance between residential tranquility and convenient city living. This area is known for its accessibility to downtown Houston, providing a wealth of employment, entertainment, and dining options. With easy access to major highways, residents can enjoy Houston's vibrant culture, including parks, museums, and shopping centers, all within a short drive. 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. 2025-12-13
    status Active 804-char remark

    Show marketing remark (804 chars)

    BEING SOLD AS IS but the seller has already done some NICE UPDATING! This home is a GREAT VALUE because the seller has already started some nice upgrades. The property is located at 7502 Bywood Street and offers the perfect balance between residential tranquility and convenient city living. This area is known for its accessibility to downtown Houston, providing a wealth of employment, entertainment, and dining options. With easy access to major highways, residents can enjoy Houston's vibrant culture, including parks, museums, and shopping centers, all within a short drive. 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. 2025-11-07
    status Pending 804-char remark

    Show marketing remark (804 chars)

    BEING SOLD AS IS but the seller has already done some NICE UPDATING! This home is a GREAT VALUE because the seller has already started some nice upgrades. The property is located at 7502 Bywood Street and offers the perfect balance between residential tranquility and convenient city living. This area is known for its accessibility to downtown Houston, providing a wealth of employment, entertainment, and dining options. With easy access to major highways, residents can enjoy Houston's vibrant culture, including parks, museums, and shopping centers, all within a short drive. 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. 2025-09-12
    status Active 804-char remark

    Show marketing remark (804 chars)

    BEING SOLD AS IS but the seller has already done some NICE UPDATING! This home is a GREAT VALUE because the seller has already started some nice upgrades. The property is located at 7502 Bywood Street and offers the perfect balance between residential tranquility and convenient city living. This area is known for its accessibility to downtown Houston, providing a wealth of employment, entertainment, and dining options. With easy access to major highways, residents can enjoy Houston's vibrant culture, including parks, museums, and shopping centers, all within a short drive. 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. 2025-08-26
    status Pending 804-char remark

    Show marketing remark (804 chars)

    BEING SOLD AS IS but the seller has already done some NICE UPDATING! This home is a GREAT VALUE because the seller has already started some nice upgrades. The property is located at 7502 Bywood Street and offers the perfect balance between residential tranquility and convenient city living. This area is known for its accessibility to downtown Houston, providing a wealth of employment, entertainment, and dining options. With easy access to major highways, residents can enjoy Houston's vibrant culture, including parks, museums, and shopping centers, all within a short drive. 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.

17. 2025-07-16
    listed $137,399 Active 804-char remark

    Show marketing remark (804 chars)

    BEING SOLD AS IS but the seller has already done some NICE UPDATING! This home is a GREAT VALUE because the seller has already started some nice upgrades. The property is located at 7502 Bywood Street and offers the perfect balance between residential tranquility and convenient city living. This area is known for its accessibility to downtown Houston, providing a wealth of employment, entertainment, and dining options. With easy access to major highways, residents can enjoy Houston's vibrant culture, including parks, museums, and shopping centers, all within a short drive. 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.

18. 2023-07-20
    historical
19. 2023-06-06
    listed $122,000 Active
20. 2023-04-02
    historical
21. 2023-03-16
    listed $120,000 Active
22. 2022-11-17
    soldstatus
23. 2022-11-17
    soldstatus
24. 2022-11-03
    historical
25. 2022-10-31
    listed $100,000 Active
26. 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: $2,278 · $190/mo
• Projected year-2 tax: $2,278 · $190/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 ≥111°F today · 24 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,485
• − Mortgage interest: −$6,722
• − Property taxes: −$2,278
• − Insurance: −$600
• − Repairs & maintenance: −$1,479
• − Management: −$1,479
• − Depreciation: −$3,491
• Taxable income: $2,437
• Est. tax owed @ 24.0%: −$585
• After-tax cash flow: $3,589/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): 19,109
• Household income: $38,357
• Rent vs Own: 43.1% rent · 56.9% own
• Severe rent burden: 1177.0

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 (57%)
• Race & ethnicity: Black 57% Hispanic / Latino 41% Two or more races 15% White 2%
• Hispanic origin (detail): Mexican 36%
• Foreign-born: 13% · Canada
• Languages at home: 61% English-only · Spanish 38%

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: ▲ 5.25%
• Current HPI: 267.7798
• Rent YoY: ▼ -1.55%
• 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

+20.0% since first listed

15 events — show timeline

• 2026-05-06 Price Changed $119,999 HARMLS
• 2025-12-13 Relisted — HARMLS
• 2025-11-07 Pending — HARMLS
• 2025-09-12 Relisted — HARMLS
• 2025-08-26 Pending — HARMLS
• 2025-07-16 Listed $137,399 HARMLS
• 2023-07-20 Listing Removed — HARMLS
• 2023-06-06 Listed $122,000 HARMLS
• 2023-04-02 Listing Removed — HARMLS
• 2023-03-16 Listed $120,000 HARMLS
• 2022-11-17 Sold (Public Records) — Public Records
• 2022-11-17 Sold (Public Records) — Public Records
• 2022-11-03 Listing Removed — HARMLS
• 2022-10-31 Listed $100,000 HARMLS
• 1988-01-02 Sold (Public Records) — Public Records

Property tax history

+7.7%/yr

Latest (2025): $2,278 · +1.6% YoY. Source: county tax records.