23702 Prince Lawrence Ct · Houston, TX 77493

$368,452

5 bd · 3.5 ba · 3,737 sqft · SingleFamily public records · 65 Days on market

Built 2002 6,538 sqft lot $99/sqft · 29% below area Est $516k · 29% under $42/mo HOA · 1% of rent

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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).

• ARV discount +15.0/15.0
• Cash flow +6.7/30.0
• Schools +5.7/10.0
• Livability +3.7/5.0
• 1% rule +2.9/10.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• DSCR +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

BUY DIRECT FROM OWNER, NO BANKS. There’s no need for SSN or credit score to qualify, just steady income and the desire to own. It’s that simple. At closing, you become the homeowner. Spacious 6-bedroom, 3.5-bath two-story grey brick home located in the Williamsburg Parish community in Katy. Ideal for large or growing families, this home offers a functional layout with ample living space. Property is being sold as-is, with a new roof to be installed prior to closing and recent AC work already completed. Situated in a quiet neighborhood featuring a community pool, park, and walking trails leading to a scenic pond. Located in the highly regarded Katy ISD with convenient access to nearby parks, shopping, and major employment hubs. Katy is a rapidly growing area known for strong schools and expanding opportunities. Seller is downsizing and open to working with buyers, including potential lease options.

Key facts

• Scenic pond
• Community pool
• Katy isd

Tags

• NEW ROOF
• RECENT AC WORK
• COMMUNITY POOL
• WALKING TRAILS
• SCENIC POND
• KATY ISD

🏷️ Possibly a rental listed for sale. The $368,452 price doesn't fit this home's estimated sale value (~$516,390) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 5-bed/3.5-bath single-family listed at $368k.

Deal economics

• At list price, monthly cash flow is $-585 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $265k (28.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $292k (20.7% below list).
• Recommended offer: $265k (28.0% below list) — sets the bar for cash-flow.
• Cap rate 4.4% 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: schools D, crime F.
• Katy ISD (suburban): math 61% / reading 63% proficiency, ranked #29 of 826 in TX (top 4%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents soft (-0.8%/yr); 2728 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 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 $3k of loan paydown is wiped out by about $11k 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 65 days — a 6% lower offer ($346k) is reasonable based on typical stale-listing flexibility.
• 2 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: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $265,184 (28.0% 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 65 days. Have you received any prior offers? Is the seller open to a 28% 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: 0.79% ✗
• Cap rate: 4.39%
• Cash-on-cash: -6.80%
• DSCR: 0.70
• GRM: 10.5

CMA / ARV

• ARV (median comp): $516,390
• List price: $368,452
• Delta: -28.65%
• 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
23315 Persimmon Creek Ln	0.22mi	4/3.5 (-1)	3,668 (-2%)	4mo	$568,775	$155	78
23507 Persimmon Creek Ln	0.24mi	4/3.5 (-1)	3,603 (-4%)	7mo	$526,990	$146	72
2515 Red Hickory Dr	0.27mi	5/4.5	4,023 (+8%)	0mo	$589,000	$146	70
23407 Persimmon Creek Ln	0.22mi	5/4.5	4,023 (+8%)	5mo	$566,990	$141	69
23411 Persimmon Creek Ln	0.22mi	4/4.5 (-1)	3,525 (-6%)	6mo	$545,590	$155	66
2938 Belle Tree Ln	0.63mi	4/3.5 (-1)	3,668 (-2%)	1mo	$564,990	$154	62
2622 Red Hickory Dr	0.38mi	5/4.5	4,023 (+8%)	6mo	$585,290	$145	61
23714 Sweet Acacia Trl	0.63mi	4/3.5 (-1)	3,700 (-1%)	4mo	$439,900	$119	60
23342 Hemlock Tree Ln	0.61mi	4/3.5 (-1)	3,668 (-2%)	4mo	$562,775	$153	60
2606 Red Hickory Dr	0.33mi	4/3.5 (-1)	3,394 (-9%)	6mo	$523,855	$154	59
2527 Velvet Woods Ln	0.43mi	4/3.5 (-1)	3,358 (-10%)	7mo	$499,900	$149	53
24219 Camillia Ridge Way	0.66mi	5/3.5	3,410 (-9%)	3mo	$310,000	$91	52

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: -32.0%
• Equity multiple: -0.02×
• Total profit: $-105,243
• Equity at exit: $54,937

10-year hold

• IRR: -62.2%
• Equity multiple: -0.66×
• Total profit: $-171,634
• Equity at exit: $31,857

Cash invested: $103,167 (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 77493

• Rents YoY: -0.8%
• Active inventory: 2728
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $2,922 high
• Mortgage (P&I): −$1,932
• Tax from tax record: −$765 /mo · $9,182/yr
• Insurance: −$154
• HOA: −$42
• Vacancy / Maint / Mgmt: −$614
• Net cashflow: $-585

Break-even live

Break-even rent $3,662

Max offer price $265,184

Occupancy floor —

Sensitivity live

Price	-10% $-376	-5% $-480	+0% $-585	+5% $-689	+10% $-793
Rent	-10% $-815	-5% $-700	+0% $-585	+5% $-469	+10% $-354
Rate	-1.0pp $-399	-0.5pp $-491	base $-585	+0.5pp $-680	+1.0pp $-777

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: $92,113
• Closing costs: $11,054
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2222 Princess Snow Cir Katy, TX	4.0	2.5	2958	$2,425	$0.82	13d	1	0.08mi
3106 Thicket Path Way Katy, TX	4.0	2.5	3086	$2,121	$0.69	13d	1	0.90mi
3222 Tall Sycamore Trl Katy, TX	6.0	3.5	3761	$3,200	$0.85	44d	1	0.90mi
3235 Quarry Place Ln Katy, TX	5.0	4.0	3988	$3,400	$0.85	0d	1	0.99mi
1739 Palmetto Park Dr Katy, TX	4.0	3.5	2998	$3,100	$1.03	44d	1	1.08mi

HOA detail

• Monthly dues: $42 · $504/yr
• Likely covers: pool

Listing history 23 events

1. 2026-06-21
   days on market $368,452 Active 65 DOM
2. 2026-06-18
   days on market $368,452 Active 62 DOM
3. 2026-06-17
   days on market $368,452 Active 61 DOM
4. 2026-06-16
   days on market $368,452 Active 60 DOM
5. 2026-06-15
   days on market $368,452 Active 59 DOM
6. 2026-06-13
   days on market $368,452 Active 57 DOM
7. 2026-06-09
   days on market $368,452 Active 53 DOM
8. 2026-06-08
   days on market $368,452 Active 52 DOM
9. 2026-06-07
   days on market $368,452 Active 51 DOM
10. 2026-06-04
    days on market $368,452 Active 48 DOM
11. 2026-06-03
    days on market $368,452 Active 47 DOM
12. 2026-06-02
    days on market $368,452 Active 46 DOM
13. 2026-06-01
    days on market $368,452 Active 45 DOM
14. 2026-05-31
    days on market $368,452 Active 44 DOM
15. 2026-04-17
    listed $368,452 Active 922-char remark

    Show marketing remark (922 chars)

    BUY DIRECT FROM OWNER, NO BANKS. There’s no need for SSN or credit score to qualify, just steady income and the desire to own. It’s that simple. At closing, you become the homeowner. Spacious 6-bedroom, 3.5-bath two-story grey brick home located in the Williamsburg Parish community in Katy. Ideal for large or growing families, this home offers a functional layout with ample living space. Property is being sold as-is, with a new roof to be installed prior to closing and recent AC work already completed. Situated in a quiet neighborhood featuring a community pool, park, and walking trails leading to a scenic pond. Located in the highly regarded Katy ISD with convenient access to nearby parks, shopping, and major employment hubs. Katy is a rapidly growing area known for strong schools and expanding opportunities. Seller is downsizing and open to working with buyers, including potential lease options.

16. 2026-04-09
    soldstatus
17. 2021-12-30
    soldstatus
18. 2021-05-28
    soldstatus
19. 2021-05-12
    soldstatus Sold 893-char remark

    Show marketing remark (893 chars)

    Welcome home to 23702 Prince Lawerence Court located in the community of Williamsburg Parish and zoned to Katy ISD. This stunning home features 6 bedrooms, 3 full baths, 1 half bath and an attached 3 car garage. Entertain your guests and family in the formal dining. The chef's kitchen features white cabinetry with quartz countertops, separate kitchen island and SS appliances. The family room includes a gorgeous fireplace with mantel, and large windows allowing the natural light to shine through. End your days in the spacious master suite. The master bath includes a large walk-in shower, double sinks and walk-in closet with shelving. Come upstairs where you will find 5 secondary bedrooms and game room. Don't forget to step out back for a view of the extended patio and backyard. You don't want to miss all this home has to offer! Check out the 3D tour and schedule your showing today!

20. 2021-05-07
    status Pending 893-char remark

    Show marketing remark (893 chars)

    Welcome home to 23702 Prince Lawerence Court located in the community of Williamsburg Parish and zoned to Katy ISD. This stunning home features 6 bedrooms, 3 full baths, 1 half bath and an attached 3 car garage. Entertain your guests and family in the formal dining. The chef's kitchen features white cabinetry with quartz countertops, separate kitchen island and SS appliances. The family room includes a gorgeous fireplace with mantel, and large windows allowing the natural light to shine through. End your days in the spacious master suite. The master bath includes a large walk-in shower, double sinks and walk-in closet with shelving. Come upstairs where you will find 5 secondary bedrooms and game room. Don't forget to step out back for a view of the extended patio and backyard. You don't want to miss all this home has to offer! Check out the 3D tour and schedule your showing today!

21. 2021-04-28
    status Option Pending 893-char remark

    Show marketing remark (893 chars)

    Welcome home to 23702 Prince Lawerence Court located in the community of Williamsburg Parish and zoned to Katy ISD. This stunning home features 6 bedrooms, 3 full baths, 1 half bath and an attached 3 car garage. Entertain your guests and family in the formal dining. The chef's kitchen features white cabinetry with quartz countertops, separate kitchen island and SS appliances. The family room includes a gorgeous fireplace with mantel, and large windows allowing the natural light to shine through. End your days in the spacious master suite. The master bath includes a large walk-in shower, double sinks and walk-in closet with shelving. Come upstairs where you will find 5 secondary bedrooms and game room. Don't forget to step out back for a view of the extended patio and backyard. You don't want to miss all this home has to offer! Check out the 3D tour and schedule your showing today!

22. 2021-04-22
    listed $330,000 Active 893-char remark

    Show marketing remark (893 chars)

    Welcome home to 23702 Prince Lawerence Court located in the community of Williamsburg Parish and zoned to Katy ISD. This stunning home features 6 bedrooms, 3 full baths, 1 half bath and an attached 3 car garage. Entertain your guests and family in the formal dining. The chef's kitchen features white cabinetry with quartz countertops, separate kitchen island and SS appliances. The family room includes a gorgeous fireplace with mantel, and large windows allowing the natural light to shine through. End your days in the spacious master suite. The master bath includes a large walk-in shower, double sinks and walk-in closet with shelving. Come upstairs where you will find 5 secondary bedrooms and game room. Don't forget to step out back for a view of the extended patio and backyard. You don't want to miss all this home has to offer! Check out the 3D tour and schedule your showing today!

23. 2001-01-01
    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: $9,182 · $765/mo
• Projected year-2 tax: $9,182 · $765/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 6/10 Major FEMA zone X (unshaded) · 69% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 23 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: $35,063
• − Mortgage interest: −$20,639
• − Property taxes: −$9,182
• − Insurance: −$1,842
• − Repairs & maintenance: −$2,805
• − Management: −$2,805
• − HOA: −$504
• − Depreciation: −$10,719
• Taxable loss: −$13,433
• Est. tax savings @ 24.0%: +$3,224
• After-tax cash flow: $-3,791/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: Katy ISD
• NCES district ID: 4825170
• Math proficiency: 61% ▼ -7.00%
• Reading proficiency: 63% ▼ -3.00%
• Median HH income: $90,312
• Composite: 56.59/100
• National rank: #1146
• State rank: #29 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): 71,484
• Household income: $118,464
• Rent vs Own: 20.4% rent · 79.6% own
• Severe rent burden: 913.0

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: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: White 36% Hispanic / Latino 33% Two or more races 16% Black 15% Asian 12%
• Hispanic origin (detail): Mexican 20%
• Common ancestry: Lithuanian 2% Slovak 1% Italian 1%
• Foreign-born: 21% · Canada, Vietnam, Jamaica
• Languages at home: 64% English-only · Spanish 22% Vietnamese 5% French/Haitian/Cajun 4%

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: ▼ -140.65%
• Current HPI: 233.1683
• Rent YoY: ▼ -0.80%
• 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

+11.7% since first listed

9 events — show timeline

• 2026-04-17 Listed $368,452 HARMLS
• 2026-04-09 Sold (Public Records) — Public Records
• 2021-12-30 Sold (Public Records) — Public Records
• 2021-05-28 Sold (Public Records) — Public Records
• 2021-05-12 Sold (MLS) — HARMLS
• 2021-05-07 Pending — HARMLS
• 2021-04-28 Pending — HARMLS
• 2021-04-22 Listed $330,000 HARMLS
• 2001-01-01 Sold (Public Records) — Public Records

Property tax history

+6.6%/yr

Latest (2025): $9,182 · -1.3% YoY. Source: county tax records.