CashFlowRE
Sign in Sign up
9202 Bright Birdie Ln 🏗️ New Construction
F Composite 31.06
Why this score? — see what drove the F 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).

  • ARV discount +7.5/15.0
  • Cash flow +6.1/30.0
  • Condition / age +4.8/5.0
  • Schools +3.9/10.0
  • Livability +3.5/5.0
  • Rent growth +2.9/5.0
  • 1% rule +2.1/10.0
  • DSCR +0.4/10.0
  • Appreciation +0.0/10.0

$218,990

9202 Bright Birdie Ln · Baytown, TX 77521
3 bd · 2.0 ba · 1,461 sqft · SingleFamily · 93 Days on market
Built 2026 Excellent condition 2-car garage $167/mo HOA · 9% of rent ↓ 13% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining, along with access to an outdoor space. An owner's suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are two secondary bedrooms at the front of the home, ideal for household members and overnight guests.

Key facts

  • Walk-in closet
  • Open floorplan
  • Secondary bedrooms

Tags

OPEN FLOORPLANOUTDOOR SPACEOWNER'S SUITEEN-SUITE BATHROOMWALK-IN CLOSETSECONDARY BEDROOMS

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…
🏗️ New construction. The $218,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $272,399.

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $219k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $-513 ($-6k/yr) — negative.
  • To cash-flow at today's rent, offer at most $198k (9.5% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $194k (11.2% below list).
  • Recommended offer: $194k (11.2% below list) — sets the bar for 1% rule.

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: employment D+, crime F, amenities 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.
  • Zoned schools: Victoria Walker El (math 40% / reading 42%, grade F, #1,462 of 4,322 statewide, top 34%, 829 students, 66% FRL); E F Green Junior School (1,020 students, 67% FRL); Goose Creek Memorial (math 28% / reading 45%, grade F, #924 of 1,632 statewide, top 57%, 2,223 students, 70% FRL).
  • Market conditions: Rents rising (+1.5%/yr); 972 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals lingering (median 47d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 54% 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 32% of the median local income ($74k/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 $2k of loan paydown is wiped out by about $8k 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 93 days — a 9% lower offer ($199k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts; this cycle's ask has dropped $15k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $194,474 (11.2% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 93 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. 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?
  7. 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?
  8. 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?
  9. 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.
  10. 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.
  11. 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
0.71%
Cap rate
4.03%
Cash-on-cash
-8.07%
DSCR
0.64
GRM
11.7

CMA / ARV

ARV (median comp)
$272,399
List price
$218,990
Delta
-19.61%
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
9211 Burch Eagle Ct 0.02mi 3/2.0 1,461 (0%) 2mo $205,990 $141 97
9511 Dazzling Tentacle Dr 0.02mi 3/2.0 1,522 (+4%) 3mo $273,990 $180 90
9210 Callum Nest Ct 0.02mi 3/2.0 1,572 (+8%) 2mo $265,990 $169 85
9307 Captain Terrace Dr 0.00mi 3/2.0 1,600 (+10%) 2mo $275,990 $172 82
9231 Alaska Shores Dr 0.01mi 3/2.0 1,602 (+10%) 2mo $281,990 $176 81
9214 Burch Eagle Ct 0.01mi 3/2.0 1,311 (-10%) 2mo $246,990 $188 81
9207 Burch Eagle Ct 0.02mi 3/2.0 1,311 (-10%) 2mo $205,340 $157 80
9503 Dazzling Tentacle Dr 0.11mi 3/2.0 1,302 (-11%) 3mo $269,990 $207 74
9222 Burch Eagle Ct 0.47mi 3/2.0 1,451 (-1%) 3mo $255,590 $176 74
9326 Golden Dorado Ln 0.18mi 3/2.0 1,602 (+10%) 3mo $301,990 $189 73
5302 Yellow Perch Dr 0.21mi 3/2.0 1,602 (+10%) 3mo $308,990 $193 72
4703 Painted Bunting Ln 0.50mi 3/2.0 1,629 (+12%) 3mo $249,900 $153 55

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 · 1.48% rent growth · sell at horizon

5-year hold
IRR
-32.3%
Equity multiple
-0.04×
Total profit
$-79,621
Equity at exit
$40,616
10-year hold
IRR
-48.1%
Equity multiple
-0.61×
Total profit
$-122,541
Equity at exit
$23,552

Cash invested: $76,272 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
68 active · 64 under contract
Months of supply
8.0 mo (12%/mo absorbed)
Median asking
$254,655 ($157/sqft)
Median days on market
77 d
This list price
15% of active listings are priced below it
ARV vs active asking
+18.7% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 77521

Rents YoY
1.5%
Active inventory
972
Price-to-rent
9.4×

Monthly cashflow live

Estimated rent
$1,945 high interval (Pro) →
Mortgage (P&I)
$1,428
Tax est. 1.5%
$340 /mo · $4,086/yr
Insurance
$113
HOA
$167
Vacancy / Maint / Mgmt
$408
Net cashflow
$-513

Break-even live

Break-even rent $2,594
Max offer price $198,146
Occupancy floor

Sensitivity live

Price -10% $-325 -5% $-419 +0% $-513 +5% $-607 +10% $-701
Rent -10% $-667 -5% $-590 +0% $-513 +5% $-436 +10% $-360
Rate -1.0pp $-376 -0.5pp $-444 base $-513 +0.5pp $-584 +1.0pp $-656

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
$68,100
Closing costs
$8,172
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 13 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
5130 Red Drum Dr Baytown, TX 3.0 2.0 1522 $2,050 $1.35 46d 1 0.25mi
5202 El Tigre Ln Baytown, TX 3.0 2.0 1819 $2,105 $1.16 3d 1 0.27mi
6019 Standpiper Loop Baytown, TX 4.0 2.0 1656 $2,045 $1.23 9d 1 0.70mi
8810 Wooster Trails Dr Baytown, TX 3.0 2.0 1460 $1,650 $1.13 10d 1 0.77mi
8317 Black Pool St Baytown, TX 3.0 2.0 1296 $1,400 $1.08 10d 1 0.83mi
8814 Bar Harbor Dr Baytown, TX 4.0 2.0 1683 $1,896 $1.13 120d 1 0.86mi
4730 Black Rock St Baytown, TX 3.0 2.0 1540 $1,973 $1.28 67d 1 0.86mi
9214 Burnet Fields Dr Baytown, TX 3.0 2.0 1461 $1,801 $1.23 139d 1 0.87mi
4151 Saw Mill Peak Ln Baytown, TX 4.0 2.0 1619 $1,951 $1.21 54d 1 0.87mi
8110 Berkely Ct Baytown, TX 4.0 2.0 1828 $1,946 $1.06 100d 1 0.90mi
4122 Saw Mill Peak Ln Baytown, TX 4.0 2.0 1612 $2,001 $1.24 29d 1 0.91mi
4818 Bentonite Blvd Baytown, TX 3.0 2.0 1825 $1,930 $1.06 0d 1 1.01mi
8002 Sesame St Baytown, TX 3.0 2.0 1819 $2,100 $1.15 113d 1 1.08mi

Property features AI

Finance

HOA & community
Association: ACMIAnnual association fee of $2,000

Exterior

Parking
Attached 2-car garage
Utilities
Public waterPublic sewer
Home design
Residential propertyUnder construction (new construction)Single-story entry (first floor living)Facing direction not specified
Construction
Built in 2026Brick constructionComposition roofSlab foundation
Exterior features
Back yard fence

Interior

Kitchen
DishwasherElectric ovenElectric rangeGas ovenGas range
Bedrooms
Primary bedroom (first floor)Bedroom (first floor)Bedroom (first floor)
Flooring
Carpet
Bathrooms
2 full bathrooms
Heating & cooling
Central heating (electric and gas)Central air conditioning (electric and gas)
Interior features
Breakfast barKitchen/family room comboKitchen/dining comboSeparate showerTub/shower
Laundry & utility
Washer hookupElectric dryer hookupGas dryer hookup

Listing history 50 events

  1. 2026-09-23
    days on market $218,990 Active 93 DOM
  2. 2026-09-22
    days on market $218,990 Active 92 DOM
  3. 2026-09-21
    days on market $218,990 Active 91 DOM
  4. 2026-09-20
    days on market $218,990 Active 90 DOM
  5. 2026-09-19
    days on market $218,990 Active 89 DOM
  6. 2026-09-18
    pricedays on market $218,990 Active 88 DOM
  7. 2026-09-17
    days on market $223,990 Active 87 DOM
  8. 2026-09-16
    days on market $223,990 Active 86 DOM
  9. 2026-09-15
    days on market $223,990 Active 85 DOM
  10. 2026-09-14
    days on market $223,990 Active 84 DOM
  11. 2026-09-13
    days on market $223,990 Active 83 DOM
  12. 2026-09-12
    days on market $223,990 Active 82 DOM
  13. 2026-09-11
    days on market $223,990 Active 81 DOM
  14. 2026-09-05
    days on market $223,990 Active 75 DOM
  15. 2026-09-04
    days on market $223,990 Active 74 DOM
  16. 2026-09-02
    days on market $223,990 Active 72 DOM
  17. 2026-08-31
    days on market $223,990 Active 70 DOM
  18. 2026-08-30
    days on market $223,990 Active 69 DOM
  19. 2026-08-29
    days on market $223,990 Active 68 DOM
  20. 2026-08-28
    days on market $223,990 Active 67 DOM
  21. 2026-08-27
    pricedays on market $223,990 Active 66 DOM
  22. 2026-08-25
    days on market $225,990 Active 64 DOM
  23. 2026-08-24
    days on market $225,990 Active 63 DOM
  24. 2026-08-23
    days on market $225,990 Active 62 DOM
  25. 2026-08-22
    days on market $225,990 Active 61 DOM
  26. 2026-08-21
    days on market $225,990 Active 60 DOM
  27. 2026-08-20
    days on market $225,990 Active 59 DOM
  28. 2026-08-19
    days on market $225,990 Active 58 DOM
  29. 2026-08-18
    days on market $225,990 Active 57 DOM
  30. 2026-08-17
    days on market $225,990 Active 56 DOM
  31. 2026-08-16
    days on market $225,990 Active 55 DOM
  32. 2026-08-15
    days on market $225,990 Active 54 DOM
  33. 2026-08-14
    days on market $225,990 Active 53 DOM
  34. 2026-08-13
    days on market $225,990 Active 52 DOM
  35. 2026-08-12
    days on market $225,990 Active 51 DOM
  36. 2026-08-11
    price $225,990 Active 50 DOM
  37. 2026-08-11
    days on market $228,990 Active 50 DOM
  38. 2026-08-10
    days on market $228,990 Active 49 DOM
  39. 2026-08-09
    days on market $228,990 Active 48 DOM
  40. 2026-08-08
    days on market $228,990 Active 47 DOM
  41. 2026-08-06
    days on market $228,990 Active 45 DOM
  42. 2026-08-05
    days on market $228,990 Active 44 DOM
  43. 2026-08-04
    days on market $228,990 Active 43 DOM
  44. 2026-08-03
    days on market $228,990 Active 42 DOM
  45. 2026-07-31
    days on market $228,990 Active 39 DOM
  46. 2026-07-30
    days on market $228,990 Active 37 DOM
  47. 2026-07-28
    days on market $228,990 Active 36 DOM
  48. 2026-07-26
    days on market $228,990 Active 34 DOM
  49. 2026-07-24
    days on market $228,990 Active 32 DOM
  50. 2026-07-23
    days on market $228,990 Active 31 DOM

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 9/10 Extreme 7 d/yr ≥110°F today · 26 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$23,337
− Mortgage interest
−$15,259
− Property taxes
−$4,086
− Insurance
−$1,362
− Repairs & maintenance
−$1,867
− Management
−$1,867
− HOA
−$2,004
− Depreciation
−$7,924
Taxable loss
−$11,032
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$2,648
After-tax cash flow
$-3,510/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.

Condition & rehab AI · 13 photos

Excellent 95/100 None rehab

This new construction home is in excellent condition with modern finishes and a spacious floor plan. It is move-in ready and has the potential for further updates to enhance its value.

Value-add opportunities

  • Resale Painting the exterior stone and adding a fresh coat of paint to the interior walls. — Fresh paint can enhance the home's curb appeal and interior aesthetics.
  • Resale Updating the flooring with a more modern material like tile or laminate. — Modern flooring can improve the home's resale value.
  • Resale Upgrading the kitchen appliances to the latest models. — Modern appliances can attract more buyers and increase the home's value.
  • Both Adding smart home features like smart lighting and security systems. — Smart home features can increase both resale and rental value by making the home more convenient and energy-efficient.
F Composite school gradezoned avg 39/100

Zoned Schools

Elementary Victoria Walker El F TX #1,462/4,322 Nat'l #19,009/41,679 Middle E F Green Junior School High Goose Creek Memorial F TX #924/1,632 Nat'l #9,347/17,239

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
C Composite livability gradescore 69/100

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

County
Harris County · 5,571,493 people
City population
135,579
Metro
Houston-The Woodlands-Sugar Land, TX
Population (ZIP)
69,038
Household income
$73,629
Rent vs Own
41.8% rent · 58.2% own
Severe rent burden
11% of renters

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 0.64)
Race & ethnicity
Hispanic / Latino 50% White 28% Two or more races 18% Black 17% Asian 3%
Hispanic origin (detail)
Mexican 42% Puerto Rican 2%
Common ancestry
Lithuanian 2% Slovak 1%
Foreign-born
20% · Canada, Vietnam
Languages at home
59% English-only · Spanish 36% French/Haitian/Cajun 1% Other Asian/Pacific 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

Price history

-12.6% since first listed
5 events — show timeline
  • 2026-07-15 Price Changed $228,990 Zillow
  • 2026-07-14 Price Changed $228,990 HARMLS
  • 2026-06-23 Price Changed $233,990 Zillow
  • 2026-06-22 Listed $233,990 HARMLS
  • 2026-06-21 Listed $261,990 Zillow

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…