7714 Renwick Dr #23 · Houston, TX 77081

$103,000

2 bd · 1.5 ba · 936 sqft · Condo public records · 27 Days on market

Built 1964 $110/sqft · 10% below area Est $114k · 10% under $339/mo HOA · 30% of rent ↓ 24% since listing

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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 +11.8/15.0
• Cash flow +6.1/30.0
• 1% rule +6.1/10.0
• Appreciation +6.0/10.0
• Livability +3.7/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Rent growth +1.4/5.0
• DSCR +0.5/10.0

Listing remarks

Welcome to 7714 Renwick Drive! This well-maintained 2-bedroom, 1.5 bath condo offers living in a desirable location with access to Bellaire, Meyerland, Galleria, 610, Med center and more. This property is Zoned to the highly regarded Bellaire High School. This property features a 1-car garage providing security and convenience. Each bedroom is very spacious and has generous closet space, primary bedroom complete with an en-suite bath. The kitchen opens up to the living and dining areas and features a new oven, plenty of counter space with bar seating, and a pantry. Positioned on the second floor with limited traffic and noise, this unit boasts natural light and large windows. Updated luxury

Key facts

• Large windows
• Newer oven
• Natural light

Tags

• ZONED TO BELLAIRE HIGH SCHOOL
• 1-CAR GARAGE
• EN-SUITE BATH
• NEWER OVEN
• NATURAL LIGHT
• LARGE WINDOWS

Property features AI

Finance

• Other: Lease not considered
• HOA & community: Managed by Genesis Community Management; Monthly association fee of $339

Exterior

• Parking: Assigned parking; Detached carport; Carport with 1 space
• Utilities: Public water; Public sewer
• Home design: Residential property; One story; Built in 1964; Slab foundation
• Construction: Stone and wood siding exterior; Composition roof
• Exterior features: Concrete road surface; Community pool; Curbs

Interior

• Kitchen: Dishwasher; Electric cooktop; Electric oven; Garbage disposal
• Bedrooms: Primary bedroom (Second level) — 16x11; Bedroom (Second level) — 13x10
• Flooring: Vinyl; Wood
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Breakfast bar; Primary bedroom with private bath; Tub with shower; Ceiling fans; Programmable thermostat

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $103k.

Deal economics

• At list price, monthly cash flow is $-191 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $69k (32.7% below list).
• Meets the 1% rule at list price ($1k rent vs $103k).
• Recommended offer: $69k (32.7% below list) — sets the bar for cash-flow.
• Cap rate 4.1% vs local median 3.1% in Houston — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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.
• Houston ISD (urban): math 27% / reading 35% proficiency, ranked #593 of 826 in TX (top 72%) — 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: Bellaire H S (math 45% / reading 62%, grade C-, #428 of 1,632 statewide, top 27%, 3,170 students, 48% FRL) — zoned schools average 48% FRL vs 71% district-wide (23 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 54% at this address vs 31% district-wide (+22 pts) — the actual schools serving this property are materially stronger than the Houston ISD average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents falling (-4.4%/yr); 39 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• This rent runs 32% of the median local income ($43k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $3k of equity ($712 loan paydown + $2k appreciation (1.9% local appreciation)).
• 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 ($101k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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

• Watch-outs: HOA is 30% of rent.
• 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 $69,329 (32.7% 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. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.11% ✓
• Cap rate: 4.07%
• Cash-on-cash: -7.93%
• DSCR: 0.65
• GRM: 7.5

CMA / ARV

• ARV (median comp): $114,013
• List price: $103,000
• Delta: -7.91%
• Verdict: FAIR
• Comps: 5 within 1.0 mi

Projected returns pro-forma

1.93% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -5.6%
• Equity multiple: 0.70×
• Total profit: $-8,562
• Equity at exit: $40,219

10-year hold

• IRR: -2.6%
• Equity multiple: 0.67×
• Total profit: $-9,594
• Equity at exit: $57,604

Cash invested: $28,840 (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 77081

• Home prices YoY: 0.8%
• Rents YoY: -4.4%
• Active inventory: 39
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,144 high
• Mortgage (P&I): −$540
• Tax from tax record: −$173 /mo · $2,070/yr
• Insurance: −$43
• HOA: −$339
• Vacancy / Maint / Mgmt: −$240
• Net cashflow: $-191

Break-even live

Break-even rent $1,386

Max offer price $69,329

Occupancy floor —

Sensitivity live

Price	-10% $-132	-5% $-161	+0% $-191	+5% $-220	+10% $-249
Rent	-10% $-281	-5% $-236	+0% $-191	+5% $-145	+10% $-100
Rate	-1.0pp $-139	-0.5pp $-164	base $-191	+0.5pp $-217	+1.0pp $-244

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: $25,750
• Closing costs: $3,090
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5929 Bissonnet St Houston, TX	1.0–2.0	1.0	715	$1,245	$1.74	18d	1	0.16mi
6012 Bissonnet St Houston, TX	2.0	2.0	942	$1,079	$1.15	44d	1	0.25mi
5542 Holly St Unit 1053018P Houston, TX	3.0	2.0	1119	$4,374	$3.91	44d	1	0.26mi
5542 Holly St #209 Houston, TX	3.0	2.0	1122	$2,350	$2.09	44d	1	0.26mi
6000 Bissonnet St Houston, TX	1.0–3.0	1.0–2.5	897	$1,050	$1.17	2d	11	0.27mi
5900 Bissonnet St Houston, TX	1.0–3.0	1.0–2.0	950	$1,025	$1.08	0d	12	0.34mi
7525 Hillcroft Ave Unit 22 Houston, TX	2.0	2.0	1075	$1,300	$1.21	44d	1	0.46mi
7525 Hillcroft Ave Unit 43 Houston, TX	1.0	1.0	705	$900	$1.28	44d	1	0.46mi
5612 Bissonnet St Houston, TX	2.0	1.0	950	$1,020	$1.07	44d	1	0.58mi
5606 Bissonnet St Houston, TX	1.0–2.0	1.0	835	$1,235	$1.48	0d	6	0.65mi
7111 Hillcroft St Houston, TX	2.0	1.0	745	$1,210	$1.62	44d	1	0.66mi
7111 Hillcroft Ave Unit 7132 Houston, TX	1.0	1.0	695	$829	$1.19	0d	1	0.66mi
7111 Hillcroft Ave Unit 7132 Houston, TX	1.0	1.0	695	$829	$1.19	14d	1	0.66mi
7111 Hillcroft Ave Unit 2162 Houston, TX	2.0	2.0	920	$1,079	$1.17	6d	1	0.66mi
7111 Hillcroft Ave Apt 422 Houston, TX	2.0	2.0	920	$1,079	$1.17	8d	1	0.66mi
7111 Hillcroft Ave Unit 7162 Houston, TX	1.0	1.0	695	$824	$1.19	44d	1	0.66mi
6009 Bellaire Blvd Houston, TX	1.0–2.0	1.0–2.0	847	$1,348	$1.59	2d	8	0.68mi
7111 Hillcroft Ave Unit 1162 Houston, TX	1.0	1.0	695	$794	$1.14	8d	1	0.68mi
7001 Hillcroft St Houston, TX	1.0–2.0	1.0–2.0	804	$1,255	$1.56	14d	1	0.72mi
6120 Bellaire Blvd Apt 123 Houston, TX	1.0	1.5	856	$1,059	$1.24	25d	1	0.84mi
6120 Bellaire Blvd Unit 703 Houston, TX	2.0	1.0	906	$1,109	$1.22	25d	1	0.84mi
6120 Bellaire Blvd Apt 706 Houston, TX	1.0	1.0	682	$899	$1.32	25d	1	0.84mi
6120 Bellaire Blvd Unit 311 Houston, TX	1.0	1.0	682	$899	$1.32	0d	1	0.84mi
6655 Dashwood Dr Unit 314 Houston, TX	2.0	1.0	914	$1,089	$1.19	16d	1	0.87mi
6655 Dashwood Dr Unit 116 Houston, TX	2.0	2.0	980	$1,099	$1.12	3d	1	0.87mi
6655 Dashwood Dr Unit 105 Houston, TX	1.0	1.0	711	$895	$1.26	12d	1	0.87mi
6655 Dashwood Dr Houston, TX	1.0	1.0	711	$749	$1.05	44d	1	0.87mi
6700 Chimney Rock Rd Houston, TX	1.0–2.0	1.0–2.0	950	$1,395	$1.47	3d	7	0.94mi
8907 Braesmont Dr Houston, TX	1.0	1.0	663	$855	$1.29	44d	1	1.01mi
8900 Chimney Rock Rd Houston, TX	1.0–2.0	1.0–2.0	780	$1,185	$1.52	0d	44	1.03mi
6601 Dunlap St Houston, TX	1.0–2.0	1.0–2.0	938	$1,009	$1.08	44d	1	1.05mi
6601 Dunlap St Houston, TX	1.0–2.0	1.0–2.0	759	$1,100	$1.45	0d	53	1.05mi
6666 Chimney Rock Rd Houston, TX	1.0–2.0	1.0–2.0	1025	$1,800	$1.76	44d	1	1.06mi
6556 Hillcroft St Houston, TX	2.0	2.0	990	$1,056	$1.07	44d	1	1.11mi
6531 Hillcroft St Houston, TX	2.0	1.0	1008	$1,147	$1.14	44d	1	1.12mi
6525 Hillcroft Ave Houston, TX	1.0–3.0	1.0–2.0	1072	$1,149	$1.07	2d	26	1.17mi
5410 N Braeswood Blvd Unit 311 Houston, TX	1.0	1.0	670	$690	$1.03	0d	1	1.21mi
5900 N Braeswood Blvd Unit 260 Houston, TX	1.0	1.0	600	$980	$1.63	25d	1	1.24mi
5410 N Braeswood Blvd Unit 2047 Houston, TX	2.0	2.0	850	$925	$1.09	11d	1	1.25mi
5410 N Braeswood Blvd Unit 2047 Houston, TX	2.0	2.0	850	$920	$1.08	0d	1	1.25mi

HOA detail condo

• Monthly dues: $339 · $4,068/yr
• Likely covers: security
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-18
   days on market $103,000 Active 27 DOM
2. 2026-06-17
   days on market $103,000 Active 26 DOM
3. 2026-06-16
   days on market $103,000 Active 25 DOM
4. 2026-06-15
   days on market $103,000 Active 24 DOM
5. 2026-06-13
   days on market $103,000 Active 22 DOM
6. 2026-06-09
   days on market $103,000 Active 18 DOM
7. 2026-06-08
   days on market $103,000 Active 17 DOM
8. 2026-06-07
   days on market $103,000 Active 16 DOM
9. 2026-06-04
   days on market $103,000 Active 13 DOM
10. 2026-06-01
    days on market $103,000 Active 10 DOM
11. 2026-05-31
    days on market $103,000 Active 9 DOM
12. 2026-05-18
    historical
13. 2026-04-01
    historical $1,250
14. 2025-12-07
    listed $1,250
15. 2025-11-24
    price $105,000
16. 2025-10-30
    status Active
17. 2025-10-26
    historical Active Under Contract
18. 2025-09-19
    price $110,000
19. 2025-08-29
    price $115,000
20. 2025-08-04
    listed $135,000 Active
21. 2006-08-25
    soldstatus
22. 1988-01-02
    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: $2,070 · $173/mo
• Projected year-2 tax: $2,070 · $173/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 (shaded) · 67% 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: $13,731
• − Mortgage interest: −$5,770
• − Property taxes: −$2,070
• − Insurance: −$515
• − Repairs & maintenance: −$1,098
• − Management: −$1,098
• − HOA: −$4,068
• − Depreciation: −$2,996
• Taxable loss: −$3,885
• Est. tax savings @ 24.0%: +$932
• After-tax cash flow: $-1,355/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: Houston ISD
• NCES district ID: 4823640
• Math proficiency: 27% ▼ -18.00%
• Reading proficiency: 35% ▼ -6.00%
• Median HH income: $46,054
• Composite: 26.63/100
• National rank: #7173
• State rank: #593 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): 50,129
• Household income: $43,251
• Rent vs Own: 93.4% rent · 6.6% own
• Severe rent burden: 3684.0

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 (75%)
• Race & ethnicity: Hispanic / Latino 75% Two or more races 25% Black 10% White 8% Asian 4%
• Hispanic origin (detail): Mexican 32% Cuban 2%
• Foreign-born: 54% · Canada, Jamaica, China
• Languages at home: 19% English-only · Spanish 70% Other Indo-European 2% Chinese 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: —

Market trends

• HPI YoY: ▲ 1.93%
• Current HPI: 253.3173
• Rent YoY: ▼ -4.36%
• 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

-23.7% since first listed

12 events — show timeline

• 2026-05-22 Listed $103,000 HARMLS
• 2026-05-18 Listing Removed — HARMLS
• 2026-04-01 Rental Removed $1,250 HARMLS
• 2025-12-07 Listed for Rent $1,250 HARMLS
• 2025-11-24 Price Changed $105,000 HARMLS
• 2025-10-30 Relisted — HARMLS
• 2025-10-26 Contingent — HARMLS
• 2025-09-19 Price Changed $110,000 HARMLS
• 2025-08-29 Price Changed $115,000 HARMLS
• 2025-08-04 Listed $135,000 HARMLS
• 2006-08-25 Sold (Public Records) — Public Records
• 1988-01-02 Sold (Public Records) — Public Records

Property tax history

+2.5%/yr

Latest (2025): $2,070 · -4.5% YoY. Source: county tax records.