808 Morrell St · Baytown, TX 77520

$110,000

2 bd · 1.5 ba · 1,670 sqft · SingleFamily public records · 162 Days on market

Built 1948 0.30 ac lot $66/sqft · 42% below area Est $189k · 42% 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 +23.5/30.0
• ARV discount +15.0/15.0
• DSCR +7.6/10.0
• 1% rule +6.1/10.0
• Livability +3.5/5.0
• Schools +3.2/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming cozy house features three bedrooms and two bathrooms. With a generous lot, there plenty of room for outdoor activities. The large lot size allows for numerous possibilities, including patio or deck for dining and relaxation.

Key facts

• Generous lot
• Patio or deck
• 0.3 acre lot

Tags

• GENEROUS LOT
• PATIO OR DECK

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $205 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $97k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 4.2% in Baytown — 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 69/100 on livability (#412 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, employment D+, crime F.
• Goose Creek CISD (urban): math 37% / reading 36% proficiency, ranked #473 of 826 in TX (top 57%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+1.3%/yr); 271 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $761 of loan paydown is wiped out by about $3k 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 162 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 10y ago; this cycle's ask has dropped $29k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $35k; list at $110k implies a 214% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $96,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 162 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 1948 — 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: 1.11% ✓
• Cap rate: 8.53%
• Cash-on-cash: 7.99%
• DSCR: 1.36
• GRM: 7.5

CMA / ARV

• ARV (median comp): $188,859
• List price: $110,000
• Delta: -41.76%
• 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
3410 Woodcrest Dr	0.66mi	3/2.0 (+1)	1,647 (-1%)	8mo	$150,000	$91	53
1707 Wilburn	0.69mi	3/2.0 (+1)	1,700 (+2%)	12mo	$207,000	$122	48
511 William Ave	0.48mi	3/2.0 (+1)	1,472 (-12%)	4mo	$185,000	$126	48
406 River Bend Dr	0.67mi	3/2.0 (+1)	1,747 (+5%)	10mo	$174,999	$100	45
304 Grantham Rd	0.60mi	3/2.0 (+1)	1,748 (+5%)	15mo	$239,990	$137	45
1600 Wilburn Dr	0.74mi	3/2.0 (+1)	1,620 (-3%)	11mo	$215,000	$133	44
502 W Francis St	0.41mi	3/2.5 (+1)	1,448 (-13%)	8mo	$240,000	$166	44
417 Harold Ln	0.50mi	3/2.0 (+1)	1,482 (-11%)	10mo	$278,000	$188	43
704 Pamela Dr	0.43mi	3/2.0 (+1)	1,480 (-11%)	15mo	$209,900	$142	42
701 Fleetwood St	0.63mi	3/2.0 (+1)	1,766 (+6%)	16mo	$247,900	$140	41
200 Grantham Rd	0.71mi	3/2.0 (+1)	1,574 (-6%)	12mo	$210,000	$133	40
1500 Harvard St	0.69mi	3/1.0 (+1)	1,425 (-15%)	8mo	$110,000	$77	30

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 · 1.3% rent growth · sell at horizon

5-year hold

• IRR: -6.1%
• Equity multiple: 0.78×
• Total profit: $-6,800
• Equity at exit: $16,401

10-year hold

• IRR: 1.4%
• Equity multiple: 1.09×
• Total profit: $2,823
• Equity at exit: $9,511

Cash invested: $30,800 (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 77520

• Rents YoY: 1.3%
• Active inventory: 271
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,222 high
• Mortgage (P&I): −$577
• Tax est. 1.5%: −$138 /mo · $1,650/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$257
• Net cashflow: $205

Break-even live

Break-even rent $962

Max offer price $110,000

Occupancy floor 78%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1601 Garth Rd Baytown, TX	2.0–3.0	1.0–2.5	1190	$979	$0.82	2d	5	0.31mi
305 Kelly Ln Baytown, TX	3.0	2.0	1650	$1,000	$0.61	15d	1	0.67mi
619 Rollingbrook Dr Baytown, TX	1.0–3.0	1.0–2.0	920	$1,468	$1.60	2d	34	0.94mi
3723 Emmett Hutto Blvd Baytown, TX	2.0	2.0	1216	$1,650	$1.36	44d	1	1.04mi
607 Vista Ave Baytown, TX	3.0	2.0	1232	$1,475	$1.20	44d	1	1.29mi
1512 Beaumont Rd Baytown, TX	3.0	2.0	1112	$1,200	$1.08	44d	1	1.38mi
1525 Barcelona Way Baytown, TX	3.0	2.0	1112	$1,250	$1.12	24d	1	1.39mi
1519 Barcelona Way Baytown, TX	3.0	2.0	1325	$1,250	$0.94	44d	1	1.39mi
1507 Barcelona Way Baytown, TX	2.0	2.0	1070	$1,075	$1.00	44d	1	1.41mi
700 Meadowglen Dr Baytown, TX	3.0	2.0	1472	$1,800	$1.22	24d	1	1.44mi

Listing history 40 events

1. 2026-06-18
   days on market $110,000 Active 162 DOM
2. 2026-06-17
   days on market $110,000 Active 161 DOM
3. 2026-06-16
   days on market $110,000 Active 160 DOM
4. 2026-06-15
   days on market $110,000 Active 159 DOM
5. 2026-06-13
   days on market $110,000 Active 157 DOM
6. 2026-06-09
   days on market $110,000 Active 153 DOM
7. 2026-06-07
   days on market $110,000 Active 151 DOM
8. 2026-06-04
   days on market $110,000 Active 148 DOM
9. 2026-06-03
   days on market $110,000 Active 147 DOM
10. 2026-06-02
    days on market $110,000 Active 146 DOM
11. 2026-06-01
    days on market $110,000 Active 145 DOM
12. 2026-05-31
    days on market $110,000 Active 144 DOM
13. 2026-05-13
    price $110,000 238-char remark

    Show marketing remark (238 chars)

    This charming cozy house features three bedrooms and two bathrooms. With a generous lot, there plenty of room for outdoor activities. The large lot size allows for numerous possibilities, including patio or deck for dining and relaxation.

14. 2026-02-12
    price $134,000 238-char remark

    Show marketing remark (238 chars)

    This charming cozy house features three bedrooms and two bathrooms. With a generous lot, there plenty of room for outdoor activities. The large lot size allows for numerous possibilities, including patio or deck for dining and relaxation.

15. 2026-01-07
    listed $139,000 Active 238-char remark

    Show marketing remark (238 chars)

    This charming cozy house features three bedrooms and two bathrooms. With a generous lot, there plenty of room for outdoor activities. The large lot size allows for numerous possibilities, including patio or deck for dining and relaxation.

16. 2025-12-31
    historical
17. 2025-12-05
    price $144,000
18. 2025-11-01
    price $149,000
19. 2025-10-01
    price $154,000
20. 2025-09-17
    price $159,000
21. 2025-08-18
    price $159,999
22. 2025-08-04
    price $174,500
23. 2025-07-14
    price $179,999
24. 2025-05-23
    price $194,000
25. 2025-05-23
    price $184,000
26. 2025-05-03
    listed $200,000 Active
27. 2025-05-03
    historical
28. 2025-04-29
    listed $200,000 Active
29. 2016-05-19
    historical
30. 2016-05-18
    soldstatus
31. 2016-05-16
    soldstatus Sold
32. 2016-05-12
    status Pending
33. 2016-05-05
    price $59,900
34. 2016-05-05
    price $69,500
35. 2016-05-04
    status Active
36. 2016-04-19
    status Pending
37. 2016-04-06
    status Option Pending
38. 2016-02-22
    listed $79,500 Active
39. 1992-06-01
    soldstatus $35,000
40. 1992-02-06
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 26% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 27 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: $14,662
• − Mortgage interest: −$6,162
• − Property taxes: −$1,650
• − Insurance: −$550
• − Repairs & maintenance: −$1,173
• − Management: −$1,173
• − Depreciation: −$3,200
• Taxable income: $755
• Est. tax owed @ 24.0%: −$181
• After-tax cash flow: $2,280/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: Goose Creek CISD
• NCES district ID: 4821150
• Math proficiency: 37% ▼ -11.00%
• Reading proficiency: 36% ▼ -4.00%
• Median HH income: $52,468
• Composite: 31.84/100
• National rank: #5877
• State rank: #473 of 826 in TX

Livability — Baytown

• Score: 69/100
• State rank: #412
• US rank: #8494

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baytown, TX
• County: Harris County · 4,702,590 people
• City population: 135,579
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 36,355
• Household income: $54,278
• Rent vs Own: 47.8% rent · 52.2% own
• Severe rent burden: 1559.0

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: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Hispanic / Latino 55% White 30% Two or more races 19% Black 10% Asian 2%
• Hispanic origin (detail): Mexican 48%
• Common ancestry: Italian 1% Lithuanian 1% Romanian 1%
• Foreign-born: 21% · Canada, Vietnam
• Languages at home: 55% English-only · Spanish 43% Other Asian/Pacific 1% Other Indo-European 1%

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: ▼ -143.36%
• Current HPI: 262.066
• Rent YoY: ▲ 1.30%
• 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

+214.3% since first listed

28 events — show timeline

• 2026-05-13 Price Changed $110,000 HARMLS
• 2026-02-12 Price Changed $134,000 HARMLS
• 2026-01-07 Listed $139,000 HARMLS
• 2025-12-31 Listing Removed — HARMLS
• 2025-12-05 Price Changed $144,000 HARMLS
• 2025-11-01 Price Changed $149,000 HARMLS
• 2025-10-01 Price Changed $154,000 HARMLS
• 2025-09-17 Price Changed $159,000 HARMLS
• 2025-08-18 Price Changed $159,999 HARMLS
• 2025-08-04 Price Changed $174,500 HARMLS
• 2025-07-14 Price Changed $179,999 HARMLS
• 2025-05-23 Price Changed $194,000 HARMLS
• 2025-05-23 Price Changed $184,000 HARMLS
• 2025-05-03 Listing Removed — HARMLS
• 2025-05-03 Listed $200,000 HARMLS
• 2025-04-29 Listed $200,000 HARMLS
• 2016-05-19 Listing Removed — HARMLS
• 2016-05-18 Sold (Public Records) — Public Records
• 2016-05-16 Sold (MLS) — HARMLS
• 2016-05-12 Pending — HARMLS
• 2016-05-05 Price Changed $59,900 HARMLS
• 2016-05-05 Price Changed $69,500 HARMLS
• 2016-05-04 Relisted — HARMLS
• 2016-04-19 Pending — HARMLS
• 2016-04-06 Pending — HARMLS
• 2016-02-22 Listed $79,500 HARMLS
• 1992-06-01 Sold (Public Records) $35,000 Public Records
• 1992-02-06 Sold (Public Records) — Public Records

Property tax history

+4.9%/yr

Latest (2025): $5,887 · +0.3% YoY. Source: county tax records.