2706 Burke Rd · Pasadena, TX 77502

$174,999

4 bd · 2.0 ba · 2,221 sqft · SingleFamily public records · 27 Days on market

Built 1965 7,413 sqft lot $79/sqft · 32% below area Est $259k · 32% 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 +22.3/30.0
• ARV discount +15.0/15.0
• 1% rule +7.6/10.0
• DSCR +7.1/10.0
• Livability +3.3/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Unlock the potential in this 4-bedroom, 2-bath home! The hard work has already begun with partial demolition complete, giving you a blank canvas to design your dream interior. Enjoy generously sized bedrooms, each with ample closet space. Whether you’re an investor or a future homeowner, this property offers the perfect opportunity to create something truly special. Property is being sold as-is. Things that have been done-Foundation leveled approximate year 2010, Whole house termite treatment June 2025, with no reoccurrence.

Key facts

• 7,413 sq ft lot
• 2 garage spots
• Built 1965

Property features AI

Exterior

• Parking: Attached garage with 2 parking spaces
• Utilities: Public water; Public sewer
• Home design: Residential property; Single-story entry with additional upper-level bedrooms; Built in 1965
• Construction: Brick construction; Composition roof; Slab foundation
• Exterior features: Located in a subdivision

Interior

• Bedrooms: Primary bedroom on the first floor (15x13); Bedroom on the first floor (12x10); Two bedrooms on the second floor (each 12x10)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (gas); Central electric air conditioning
• Interior features: Total of 4 rooms

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $289 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $172k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 3.5% in Pasadena — 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 66/100 on livability (#600 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D+, crime F, amenities F.
• Pasadena ISD (suburban): math 29% / reading 32% proficiency, ranked #612 of 826 in TX (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Marshall Kendrick Middle (math 24% / reading 26%, grade F, #1,258 of 1,662 statewide, top 77%, 682 students, 89% FRL); Sam Rayburn H S (math 52% / reading 36%, grade F, #697 of 1,632 statewide, top 43%, 2,645 students, 86% FRL) — zoned schools average 88% FRL vs 71% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 101 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• This rent runs 42% of the median local income ($62k/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 27 days — a 2% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $85k; list at $175k implies a 106% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price.
• Climate carrying-cost: 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 $172,374 (1.5% below list)

Questions for the listing agent

1. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.26% ✓
• Cap rate: 8.27%
• Cash-on-cash: 7.08%
• DSCR: 1.31
• GRM: 6.6

CMA / ARV

• ARV (median comp): $258,777
• List price: $174,999
• Delta: -32.37%
• 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
2706 Burke Rd	0.00mi	4/2.0	2,221 (0%)	1mo	$174,999	$79	99
2718 Raspberry Ln	0.22mi	4/2.5	2,244 (+1%)	10mo	$199,000	$89	78
2703 Huckleberry Ln	0.08mi	3/2.0 (-1)	2,341 (+5%)	15mo	$307,000	$131	70
1707 Blackburn Dr	0.14mi	4/2.0	1,925 (-13%)	4mo	$255,000	$132	68
2011 N Palm Ct	0.24mi	4/2.5	2,490 (+12%)	0mo	$296,900	$119	66
2105 S Memorial Ct	0.31mi	4/2.5	2,308 (+4%)	15mo	$297,900	$129	64
2109 S Fisher Ct	0.38mi	4/3.0	2,336 (+5%)	12mo	$235,000	$101	60
2208 N Rayburn Ct	0.49mi	3/2.0 (-1)	2,120 (-4%)	7mo	$300,000	$142	59
2015 N Fisher Ct	0.34mi	3/2.5 (-1)	2,130 (-4%)	15mo	$135,000	$63	58
2706 Huckleberry Ln	0.11mi	5/3.0 (+1)	2,522 (+14%)	9mo	$299,900	$119	56
2913 Huckleberry Ln	0.32mi	4/2.0	1,972 (-11%)	14mo	$274,999	$139	55
2215 Peach Ln	0.46mi	3/2.0 (-1)	1,964 (-12%)	6mo	$175,000	$89	50

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: -5.3%
• Equity multiple: 0.80×
• Total profit: $-9,770
• Equity at exit: $26,093

10-year hold

• IRR: 4.4%
• Equity multiple: 1.33×
• Total profit: $15,927
• Equity at exit: $15,131

Cash invested: $49,000 (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 77502

• Home prices YoY: -14.2%
• Active inventory: 101
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $2,200 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$459 /mo · $5,504/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$462
• Net cashflow: $289

Break-even live

Break-even rent $1,835

Max offer price $174,999

Occupancy floor 82%

Sensitivity live

Price	-10% $388	-5% $339	+0% $289	+5% $239	+10% $190
Rent	-10% $115	-5% $202	+0% $289	+5% $376	+10% $463
Rate	-1.0pp $377	-0.5pp $334	base $289	+0.5pp $244	+1.0pp $198

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2513 Leslie St Pasadena, TX	3.0	2.0	1849	$1,895	$1.02	4d	1	1.04mi
1118 Madison Ave Pasadena, TX	3.0	2.0	1653	$1,700	$1.03	45d	1	1.17mi

Listing history 5 events

1. 2026-05-06
   status Pending 536-char remark
2. 2026-04-29
   listed $174,999 Active 536-char remark
3. 2025-03-19
   soldstatus
4. 2000-07-31
   soldstatus
5. 2000-07-01
   soldstatus $85,000

ⓘ 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: $5,504 · $459/mo
• Projected year-2 tax: $5,504 · $459/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 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,404
• − Mortgage interest: −$9,803
• − Property taxes: −$5,504
• − Insurance: −$875
• − Repairs & maintenance: −$2,112
• − Management: −$2,112
• − Depreciation: −$5,091
• Taxable income: $907
• Est. tax owed @ 24.0%: −$218
• After-tax cash flow: $3,250/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: Pasadena ISD
• NCES district ID: 4834320
• Math proficiency: 29% ▼ -17.00%
• Reading proficiency: 32% ▼ -9.00%
• Median HH income: $45,163
• Composite: 26.15/100
• National rank: #7275
• State rank: #612 of 826 in TX

Livability — Pasadena

• Score: 66/100
• State rank: #600
• US rank: #11438

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pasadena, TX
• County: Harris County · 4,702,590 people
• City population: 109,190
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 36,371
• Household income: $62,500
• Rent vs Own: 36.6% rent · 63.4% own
• Severe rent burden: 1285.0

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: Predominantly Hispanic (83%)
• Race & ethnicity: Hispanic / Latino 83% Two or more races 37% White 12% Black 4%
• Hispanic origin (detail): Mexican 75% Puerto Rican 1% Cuban 2%
• Common ancestry: Italian 1%
• Foreign-born: 30% · Canada
• Languages at home: 40% English-only · Spanish 60%

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: ▼ -46.12%
• Current HPI: 278.9293
• 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

+105.9% since first listed

7 events — show timeline

• 2026-05-27 Sold (Public Records) — Public Records
• 2026-05-26 Sold (MLS) — HARMLS
• 2026-05-06 Pending — HARMLS
• 2026-04-29 Listed $174,999 HARMLS
• 2025-03-19 Sold (Public Records) — Public Records
• 2000-07-31 Sold (Public Records) — Public Records
• 2000-07-01 Sold (Public Records) $85,000 Public Records

Property tax history

+7.0%/yr

Latest (2025): $5,504 · +1.9% YoY. Source: county tax records.