2003 Deerhurst Ln · Houston, TX 77088

$179,000

3 bd · 1.5 ba · 1,736 sqft · SingleFamily public records · 16 Days on market

Built 1976 6,499 sqft lot $103/sqft · 21% below area Est $228k · 21% under ↓ 3% since listing

---

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 +19.5/30.0
• ARV discount +15.0/15.0
• DSCR +6.2/10.0
• 1% rule +6.1/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks

This home offers a functional layout and a spacious lot with plenty of potential for updates or customization. Conveniently located with easy access to major highways, shopping, and dining. Ideal for investors or buyers looking to add their personal touch. Being sold as-is.

Key facts

• Easy access
• Spacious lot
• Shopping

Tags

• FUNCTIONAL LAYOUT
• SPACIOUS LOT
• EASY ACCESS
• MAJOR HIGHWAYS
• SHOPPING
• DINING

Property features AI

Finance

• Other: Seller disclosure available
• Financial info: Lease not considered

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Residential property; Slab foundation; Built in 1976
• Construction: Brick and vinyl siding exterior; Composition roof
• Exterior features: Subdivision lot

Interior

• Kitchen: Kitchen (first floor)
• Bedrooms: Primary bedroom (first floor); Three additional bedrooms on the first floor
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating (gas); Central electric air conditioning
• Interior features: Living room (first floor); 7 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $179k.

Deal economics

• At list price, monthly cash flow is $202 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $179k).
• Recommended offer: $176k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.6% 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.
• Aldine ISD (suburban): math 16% / reading 21% proficiency, ranked #790 of 826 in TX (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 79% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Garcia Middle (math 18% / reading 24%, grade F, #1,387 of 1,662 statewide, top 85%, 1,054 students, 90% FRL); Eisenhower H S (math 16% / reading 23%, grade F, #1,424 of 1,632 statewide, top 88%, 2,855 students, 83% FRL).
• Market conditions: Rents soft (-1.0%/yr); 471 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 47% 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).
• This rent runs 44% of the median local income ($54k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 16 days — a 2% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y 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

• 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 $176,315 (1.5% below list)

Questions for the listing agent

1. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 1.11% ✓
• Cap rate: 7.65%
• Cash-on-cash: 4.84%
• DSCR: 1.22
• GRM: 7.5

CMA / ARV

• ARV (median comp): $227,770
• List price: $179,000
• Delta: -21.41%
• 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
2003 Deerhurst Ln	0.00mi	4/1.5 (+1)	1,736 (0%)	1mo	$179,000	$103	94
1211 Dewalt St	0.33mi	3/2.5	1,596 (-8%)	1mo	$320,000	$201	67
1207 Dewalt St	0.33mi	3/2.5	1,596 (-8%)	1mo	$320,000	$201	67
1203 Dewalt St	0.33mi	3/2.5	1,596 (-8%)	3mo	$330,000	$207	65
1909 Dewalt St	0.50mi	3/2.5	1,800 (+4%)	2mo	$299,990	$167	64
1205 Dewalt St	0.33mi	3/2.5	1,596 (-8%)	4mo	$330,000	$207	64
1722 Hidden Vly	0.41mi	3/2.0	1,600 (-8%)	4mo	$220,000	$138	63
1707 Winter Bay Ln	0.25mi	4/2.0 (+1)	1,560 (-10%)	4mo	$160,000	$103	61
8935 Glen Shadow Dr	0.69mi	3/2.0	1,652 (-5%)	2mo	$270,000	$163	56
8914 Ivy Spring Ln	0.63mi	3/2.0	1,596 (-8%)	1mo	$325,000	$204	54
1926 Wavell St	0.53mi	3/2.0	1,499 (-14%)	4mo	$139,900	$93	47
1330 Mosher Ln	0.74mi	3/2.0	1,514 (-13%)	2mo	$200,000	$132	41

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -12.5%
• Equity multiple: 0.56×
• Total profit: $-21,856
• Equity at exit: $26,689

10-year hold

• IRR: -9.3%
• Equity multiple: 0.51×
• Total profit: $-24,530
• Equity at exit: $15,477

Cash invested: $50,120 (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 77088

• Home prices YoY: -23.2%
• Rents YoY: -1.0%
• Active inventory: 471
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,988 high
• Mortgage (P&I): −$939
• Tax from tax record: −$355 /mo · $4,262/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$417
• Net cashflow: $202

Break-even live

Break-even rent $1,732

Max offer price $179,000

Occupancy floor 85%

Sensitivity live

Price	-10% $303	-5% $253	+0% $202	+5% $151	+10% $101
Rent	-10% $45	-5% $123	+0% $202	+5% $281	+10% $359
Rate	-1.0pp $292	-0.5pp $248	base $202	+0.5pp $156	+1.0pp $108

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1450 Dewalt St Houston, TX	3.0	2.5	1371	$2,500	$1.82	44d	1	0.32mi
1438 Peach Spring Dr Houston, TX	4.0	1.5	1288	$1,599	$1.24	3d	1	0.53mi
2320 Wavell St Unit A Houston, TX	3.0	2.5	1150	$1,900	$1.65	44d	1	0.84mi
2320 Wavell St Unit B Houston, TX	3.0	2.5	1150	$1,683	$1.46	44d	1	0.84mi
929 Marjorie St Unit 1060806P Houston, TX	3.0	2.0	1076	$3,091	$2.87	8d	1	0.92mi
9002 Bunny Run Dr Houston, TX	3.0	2.0	1544	$1,950	$1.26	25d	1	0.94mi
8406 De Priest St Unit A Houston, TX	3.0	2.5	1600	$1,695	$1.06	44d	1	0.96mi
8404 De Priest St Unit A Houston, TX	3.0	2.5	1600	$1,900	$1.19	44d	1	0.96mi
8312 De Priest St Unit A Houston, TX	3.0	2.5	1500	$1,900	$1.27	21d	1	0.98mi
8312 De Priest St Unit B Houston, TX	3.0	3.5	1500	$1,900	$1.27	21d	1	0.98mi
8310 De Priest St Unit B Houston, TX	3.0	2.5	1500	$1,900	$1.27	21d	1	0.99mi
8306 De Priest St Unit A Houston, TX	3.0	2.5	1500	$1,900	$1.27	21d	1	0.99mi
8304 De Priest St Unit B Houston, TX	3.0	2.5	1600	$1,900	$1.19	23d	1	1.00mi
8122 De Priest St Unit A Houston, TX	3.0	3.5	1500	$1,900	$1.27	44d	1	1.01mi
8120 De Priest St Unit A Houston, TX	3.0	2.5	1500	$1,750	$1.17	44d	1	1.01mi
8120 De Priest St Unit B Houston, TX	3.0	2.5	1500	$1,900	$1.27	44d	1	1.01mi
8118 De Priest St Unit B Houston, TX	3.0	2.5	1500	$1,900	$1.27	44d	1	1.01mi
2407 Ferguson Way Houston, TX	3.0	2.5	1195	$1,650	$1.38	44d	1	1.01mi
8112 De Priest St Unit B Houston, TX	3.0	2.5	1500	$1,750	$1.17	0d	1	1.03mi
8110 De Priest St Unit A Houston, TX	3.0	2.5	1500	$1,900	$1.27	44d	1	1.03mi
8108 De Priest St Unit B Houston, TX	3.0	2.5	1500	$1,900	$1.27	44d	1	1.04mi
7514 Sandle St Houston, TX	3.0	2.5	1523	$1,999	$1.31	44d	1	1.18mi
2722 Stallings Dr Houston, TX	3.0	2.0	1298	$1,599	$1.23	0d	1	1.18mi
2850 W Gulf Bank Rd Houston, TX	1.0–4.0	1.0–2.0	1055	$1,413	$1.34	0d	109	1.30mi
7903 Moon Beam St Houston, TX	3.0	2.5	1217	$1,700	$1.40	17d	1	1.31mi
783 Fortune St Unit A Houston, TX	3.0	2.5	1328	$1,795	$1.35	17d	1	1.32mi
1330 Blue Bell Rd Houston, TX	2.0–3.0	1.0–2.0	1418	$1,790	$1.26	0d	7	1.33mi
8101 Venus St Unit A Houston, TX	3.0	2.0	1375	$1,699	$1.24	25d	1	1.33mi
8101 Venus St Unit B Houston, TX	3.0	2.0	1375	$1,595	$1.16	25d	1	1.33mi
1032 Glen Ln Houston, TX	3.0	3.0	1667	$2,400	$1.44	44d	1	1.38mi
7504 Carver Rd Houston, TX	3.0	2.5	1694	$2,500	$1.48	6d	1	1.39mi
7504 Carver Rd Unit B Houston, TX	3.0	2.5	1694	$2,500	$1.48	0d	1	1.39mi
3018 Stallings Dr Houston, TX	4.0	2.0	1512	$1,550	$1.03	44d	1	1.40mi
9750 Deer Trail Dr Houston, TX	3.0	2.0	1050	$2,200	$2.10	44d	1	1.49mi

Listing history 14 events

1. 2026-05-11
   status Pending 274-char remark
2. 2026-04-25
   listed $179,000 Active 274-char remark
3. 2025-12-12
   historical
4. 2025-06-24
   listed $230,000 Active
5. 2025-06-23
   historical
6. 2025-04-30
   price $230,000
7. 2025-03-14
   listed $240,000 Active
8. 2021-10-14
   status Pending
9. 2021-10-05
   status Option Pending
10. 2021-10-05
    historical
11. 2021-09-30
    listed $185,000 Active
12. 2010-11-05
    soldstatus
13. 2010-11-05
    soldstatus
14. 1989-01-19
    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: $4,262 · $355/mo
• Projected year-2 tax: $4,262 · $355/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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°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 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,854
• − Mortgage interest: −$10,027
• − Property taxes: −$4,262
• − Insurance: −$895
• − Repairs & maintenance: −$1,908
• − Management: −$1,908
• − Depreciation: −$5,207
• Taxable loss: −$353
• Est. tax savings @ 24.0%: +$85
• After-tax cash flow: $2,509/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: Aldine ISD
• NCES district ID: 4807710
• Math proficiency: 16% ▼ -23.00%
• Reading proficiency: 21% ▼ -11.00%
• Median HH income: $37,081
• Composite: 15.42/100
• National rank: #9317
• State rank: #790 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): 57,047
• Household income: $54,411
• Rent vs Own: 38.1% rent · 61.9% own
• Severe rent burden: 2294.0

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 0.59)
• Race & ethnicity: Hispanic / Latino 52% Black 37% Two or more races 18% White 6% Asian 4%
• Hispanic origin (detail): Mexican 36%
• Common ancestry: Lithuanian 1%
• Foreign-born: 25% · Canada, Vietnam, China
• Languages at home: 49% English-only · Spanish 47% Vietnamese 3%

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: ▼ -98.37%
• Current HPI: 325.0499
• Rent YoY: ▼ -1.01%
• 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

-3.2% since first listed

16 events — show timeline

• 2026-06-01 Sold (MLS) — HARMLS
• 2026-05-29 Sold (Public Records) — Public Records
• 2026-05-11 Pending — HARMLS
• 2026-04-25 Listed $179,000 HARMLS
• 2025-12-12 Listing Removed — HARMLS
• 2025-06-24 Listed $230,000 HARMLS
• 2025-06-23 Listing Removed — HARMLS
• 2025-04-30 Price Changed $230,000 HARMLS
• 2025-03-14 Listed $240,000 HARMLS
• 2021-10-14 Pending — HARMLS
• 2021-10-05 Pending — HARMLS
• 2021-10-05 Listing Removed — HARMLS
• 2021-09-30 Listed $185,000 HARMLS
• 2010-11-05 Sold (Public Records) — Public Records
• 2010-11-05 Sold (Public Records) — Public Records
• 1989-01-19 Sold (Public Records) — Public Records

Property tax history

+6.1%/yr

Latest (2025): $4,262 · +1.0% YoY. Source: county tax records.