311 Fir Ridge Dr · Houston, TX 77336

$195,000

4 bd · 2.0 ba · 1,579 sqft · SingleFamily public records · 23 Days on market

Built 1977 10,349 sqft lot Est $240k · 19% under $26/mo HOA · 1% of rent

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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 +19.6/30.0
• ARV discount +15.0/15.0
• 1% rule +6.3/10.0
• DSCR +6.2/10.0
• Livability +3.7/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.7/10.0

Listing remarks

Check out 311 Fir Ridge Dr, a residence featuring a new roof and fresh exterior paint. Inside, discover new flooring throughout the home, fresh interior paint, and a fireplace. The primary bathroom includes double sinks, and the primary bedroom has double closets. Outside, a covered patio extends to a fenced in backyard. This updated residence, built for comfort, is truly a must-see. Included 100-Day Home Warranty with buyer activation.

Key facts

• Double sinks
• Double closets
• New flooring

Tags

• NEW ROOF
• FRESH EXTERIOR PAINT
• NEW FLOORING
• FIREPLACE
• DOUBLE SINKS
• DOUBLE CLOSETS

Property features AI

Finance

• HOA & community: Association: Goodwin & Company; Annual association fee of $307

Exterior

• Parking: Attached 2-car garage
• Security: Owned security system
• Utilities: Public water; Public sewer
• Home design: Residential property; Single-story (all primary living spaces on the first floor)
• Construction: Brick construction; Built in 1977; Composition roof; Slab foundation
• Exterior features: Lot approximately 0.24 acres (about 10,350 square feet); Lot listed with other/unspecified features

Interior

• Kitchen: Dishwasher
• Bedrooms: Primary bedroom on the first floor (approx. 15 x 11); Three additional first-floor bedrooms (approx. 10 x 10; 10 x 13; 10 x 13)
• Flooring: Carpet; Plank; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central gas heating; Central electric air conditioning
• Interior features: Gas and wood-burning fireplace (1 total); Dishwasher

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $224 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $195k).
• Recommended offer: $192k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.7% 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.
• Huffman ISD (rural): math 32% / reading 35% proficiency, ranked #500 of 826 in TX (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Huffman Middle (math 36% / reading 32%, grade F, #892 of 1,662 statewide, top 55%, 907 students, 42% FRL); Hargrave H S (math 31% / reading 46%, grade F, #866 of 1,632 statewide, top 54%, 1,125 students, 36% FRL) — zoned schools at 39% FRL track the district average.
• Market conditions: 585 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 83% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 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 $1k of loan paydown is wiped out by about $6k 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 23 days — a 2% lower offer ($192k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y 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.
• Current owner paid $72k; list at $195k implies a 171% gain — meaningful room to come down on a strong offer.

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 $192,075 (1.5% below list)

Questions for the listing agent

1. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.13% ✓
• Cap rate: 7.67%
• Cash-on-cash: 4.92%
• DSCR: 1.22
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $240,008
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
24716 Lago Bay Ln	0.16mi	4/2.0	1,616 (+2%)	2mo	$244,990	$152	87
24702 Pennfield Arbor Ln	0.07mi	3/2.5 (-1)	1,556 (-2%)	2mo	$231,990	$149	86
24712 Stablewood Forest Ct	0.26mi	3/2.5 (-1)	1,556 (-2%)	0mo	$180,000	$116	78
24402 Lightwoods Dr	0.25mi	3/2.0 (-1)	1,607 (+2%)	3mo	$254,900	$159	78
24414 Whitesail Dr	0.17mi	3/2.0 (-1)	1,663 (+5%)	3mo	$193,200	$116	76
513 Emerald Thicket Ln	0.27mi	3/2.5 (-1)	1,647 (+4%)	1mo	$249,990	$152	72
24705 Sonora Crescent Cir	0.33mi	3/2.0 (-1)	1,689 (+7%)	3mo	$288,990	$171	66
24702 Windward Birch Ln	0.09mi	3/3.0 (-1)	1,774 (+12%)	2mo	$254,990	$144	65
331 Cherry Valley Dr	0.47mi	3/2.0 (-1)	1,495 (-5%)	2mo	$185,000	$124	62
24702 Stablewood Frst	0.25mi	3/3.0 (-1)	1,774 (+12%)	2mo	$254,990	$144	57
24034 E Lake Houston Pkwy	0.71mi	3/2.0 (-1)	1,558 (-1%)	4mo	$255,999	$164	56
723 Pas Trl	0.64mi	3/2.0 (-1)	1,365 (-14%)	4mo	$220,000	$161	39

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -8.6%
• Equity multiple: 0.68×
• Total profit: $-17,209
• Equity at exit: $29,075

10-year hold

• IRR: 1.0%
• Equity multiple: 1.07×
• Total profit: $3,933
• Equity at exit: $16,860

Cash invested: $54,600 (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 77336

• Home prices YoY: -1.8%
• Active inventory: 585
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,210 high
• Mortgage (P&I): −$1,023
• Tax from tax record: −$393 /mo · $4,712/yr
• Insurance: −$81
• HOA: −$26
• Vacancy / Maint / Mgmt: −$464
• Net cashflow: $224

Break-even live

Break-even rent $1,927

Max offer price $195,000

Occupancy floor 85%

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
24523 Whitesail Dr Huffman, TX	3.0	2.0	1512	$1,800	$1.19	43d	1	0.08mi
408 Emerald Thicket Ln Huffman, TX	3.0	2.5	1755	$2,200	$1.25	43d	1	0.14mi
24527 Lightwoods Dr Huffman, TX	4.0	2.0	2095	$2,100	$1.00	43d	1	0.16mi
24719 Colony Meadow Trl Huffman, TX	4.0	2.0	1613	$2,200	$1.36	43d	1	0.76mi
24730 Russet Bluff Trl Huffman, TX	4.0	2.0	1604	$2,150	$1.34	1d	1	0.85mi
24118 Grey Fox Dr Huffman, TX	3.0	2.0	1543	$1,425	$0.92	43d	1	1.04mi

HOA detail

• Monthly dues: $26 · $312/yr

Listing history 31 events

1. 2026-06-18
   days on market $195,000 Active 23 DOM
2. 2026-06-17
   days on market $195,000 Active 22 DOM
3. 2026-06-16
   days on market $195,000 Active 21 DOM
4. 2026-06-15
   days on market $195,000 Active 20 DOM
5. 2026-06-13
   days on market $195,000 Active 18 DOM
6. 2026-06-09
   days on market $195,000 Active 14 DOM
7. 2026-06-08
   days on market $195,000 Active 13 DOM
8. 2026-06-07
   days on market $195,000 Active 12 DOM
9. 2026-06-04
   days on market $195,000 Active 9 DOM
10. 2026-06-03
    days on market $195,000 Active 8 DOM
11. 2026-06-02
    days on market $195,000 Active 7 DOM
12. 2026-06-01
    days on market $195,000 Active 6 DOM
13. 2026-05-31
    days on market $195,000 Active 5 DOM
14. 2026-05-26
    listed $195,000 Active
15. 2026-04-17
    soldstatus
16. 2023-12-31
    historical
17. 2023-09-29
    price $195,000
18. 2023-09-05
    status Active
19. 2023-08-31
    status Pending, Continue to Show
20. 2023-08-20
    status Pending
21. 2023-08-15
    status Option Pending
22. 2023-06-22
    listed $199,000 Active
23. 2018-05-02
    historical
24. 2018-02-14
    price $149,950
25. 2017-11-16
    listed $159,950 Active
26. 2012-12-13
    soldstatus
27. 2010-05-28
    soldstatus
28. 2009-08-03
    soldstatus
29. 2006-02-15
    soldstatus
30. 1998-11-03
    soldstatus
31. 1998-10-01
    soldstatus $72,000

ⓘ 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: $4,712 · $393/mo
• Projected year-2 tax: $4,712 · $393/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 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥112°F today · 24 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,525
• − Mortgage interest: −$10,923
• − Property taxes: −$4,712
• − Insurance: −$975
• − Repairs & maintenance: −$2,122
• − Management: −$2,122
• − HOA: −$312
• − Depreciation: −$5,673
• Taxable loss: −$314
• Est. tax savings @ 24.0%: +$75
• After-tax cash flow: $2,760/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: Huffman ISD
• NCES district ID: 4823820
• Math proficiency: 32% ▼ -9.00%
• Reading proficiency: 35% ▼ -9.00%
• Median HH income: $65,848
• Composite: 30.61/100
• National rank: #6195
• State rank: #500 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): 14,342
• Household income: $96,404
• Rent vs Own: 21.8% rent · 78.2% own
• Severe rent burden: 377.0

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 White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 23% Two or more races 9% Black 5% Native American 4%
• Hispanic origin (detail): Mexican 20%
• Common ancestry: Lithuanian 4% Slovak 2% Romanian 2%
• Foreign-born: 9% · Canada
• Languages at home: 79% English-only · Spanish 18% Other Indo-European 2%

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: ▼ -8.59%
• Current HPI: 472.03
• Rent YoY: —
• 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

+170.8% since first listed

18 events — show timeline

• 2026-05-26 Listed $195,000 HARMLS
• 2026-04-17 Sold (Public Records) — Public Records
• 2023-12-31 Listing Removed — HARMLS
• 2023-09-29 Price Changed $195,000 HARMLS
• 2023-09-05 Relisted — HARMLS
• 2023-08-31 Pending — HARMLS
• 2023-08-20 Pending — HARMLS
• 2023-08-15 Pending — HARMLS
• 2023-06-22 Listed $199,000 HARMLS
• 2018-05-02 Listing Removed — HARMLS
• 2018-02-14 Price Changed $149,950 HARMLS
• 2017-11-16 Listed $159,950 HARMLS
• 2012-12-13 Sold (Public Records) — Public Records
• 2010-05-28 Sold (Public Records) — Public Records
• 2009-08-03 Sold (Public Records) — Public Records
• 2006-02-15 Sold (Public Records) — Public Records
• 1998-11-03 Sold (Public Records) — Public Records
• 1998-10-01 Sold (Public Records) $72,000 Public Records

Property tax history

+7.3%/yr

Latest (2025): $4,712 · +0.5% YoY. Source: county tax records.