4502 Rose St · Houston, TX 77007

$535,000

3 bd · 3.5 ba · 2,721 sqft · Townhouse public records · 20 Days on market

Built 2000 2,087 sqft lot Est $547k · at est.

---

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).

• Cash flow +16.5/30.0
• ARV discount +8.5/15.0
• DSCR +5.1/10.0
• 1% rule +4.9/10.0
• Livability +3.7/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Wonderful former Dylan Reid Homes model with an open floor plan, wood floors throughout the living areas, high ceilings, a study, new roof (Nov. 2019) and lovely balcony and patio areas. This home is great for entertaining with a large living area that opens to the dining room and kitchen. A private study is tucked next to the living area. The kitchen boasts stainless appliances, granite counters and a great amount of storage. The master suite is on the third floor and has a terrific bath with double sinks, shower, jetted tub and large walk in closet. There are secondary bedrooms on the first and third floor with en-suite baths. Great natural light throughout the house This home is move-in ready. Close to I-10, 610, Energy Corridor, Downtown and Galleria. Walking distance to restaurants, entertainment, shopping and more.

Key facts

• Corner lot home
• Stainless appliances
• Open second floor

Tags

• CORNER LOT HOME
• LARGE PRIVATE BACKYARD
• OPEN SECOND FLOOR
• STAINLESS APPLIANCES
• GRANITE COUNTERS
• LARGE PANTRY

Property features AI

Exterior

• Parking: Attached oversized garage
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer
• Home design: Residential property; Full ownership; 3 stories; Entry level on first floor
• Construction: Stucco exterior; Composition roof; Slab foundation; Built in 2000
• Exterior features: Balcony; Deck; Patio; Fence; Front yard

Interior

• Kitchen: Granite counters; Kitchen island; Breakfast bar; Pantry; Gas cooktop; Electric oven; Dishwasher; Microwave; Disposal
• Bedrooms: Primary bedroom on third floor (18x17); Bedroom on third floor (13x12); Bedroom on first floor (16x12); Office on second floor (8x7)
• Flooring: Carpet; Tile; Wood
• Bathrooms: 3 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating (gas); Central air conditioning (gas)
• Interior features: Breakfast bar; Crown molding; Entrance foyer; Granite counters; High ceilings; Jetted tub; Kitchen island; Kitchen/family room combo; Bath in primary bedroom; Pantry; Soaking tub; Separate shower; Tub/shower; Vanity; Window treatments; Ceiling fan(s); Gas log fireplace (1)
• Laundry & utility: Laundry in utility room; Electric dryer hookup; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/3.5-bath townhouse listed at $535k.

Deal economics

• At list price, monthly cash flow is $317 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $532k (0.5% below list).
• Recommended offer: $527k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.0% 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.
• 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: Memorial El (math 52% / reading 52%, grade C-, #742 of 4,322 statewide, top 19%, 424 students, 45% FRL); Hogg Middle (math 44% / reading 48%, grade D+, #462 of 1,662 statewide, top 28%, 1,120 students, 52% FRL); Heights H S (math 27% / reading 57%, grade F, #730 of 1,632 statewide, top 47%, 2,476 students, 65% FRL) — zoned schools average 54% FRL vs 71% district-wide (17 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 47% at this address vs 31% district-wide (+16 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 soft (-0.8%/yr); 651 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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).
• This rent runs 44% of the median local income ($145k/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 $4k of loan paydown is wiped out by about $16k 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 20 days — a 2% lower offer ($527k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 21y 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: 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 $526,975 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.99% ✗
• Cap rate: 7.00%
• Cash-on-cash: 2.54%
• DSCR: 1.11
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $546,921
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5213 Feagan St Unit H	0.50mi	3/3.5	2,750 (+1%)	1mo	$699,900	$255	74
4418 Rose St	0.07mi	3/3.5	2,324 (-15%)	2mo	$500,000	$215	71
3934 Feagan St	0.43mi	4/3.5 (+1)	2,662 (-2%)	1mo	$525,000	$197	70
414 Snover St	0.21mi	3/3.0	2,423 (-11%)	1mo	$539,900	$223	70
4512 Inker St Unit A	0.46mi	4/3.5 (+1)	2,650 (-3%)	2mo	$525,000	$198	68
3920 Blossom St	0.39mi	3/3.5	2,358 (-13%)	1mo	$449,000	$190	59
5407 Lillian St	0.64mi	3/3.5	2,542 (-7%)	2mo	$485,000	$191	58
633 Hartman St	0.43mi	3/3.0	2,405 (-12%)	2mo	$399,000	$166	57
5211 Feagan St Unit E	0.50mi	3/3.5	2,394 (-12%)	2mo	$625,000	$261	55
5208 Blossom St #5	0.47mi	3/3.5	2,340 (-14%)	0mo	$435,000	$186	54
409 Detering St	0.63mi	3/3.5	2,462 (-10%)	1mo	$494,000	$201	54
234 Detering St	0.61mi	3/3.5	2,348 (-14%)	2mo	$485,000	$207	47

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: -15.8%
• Equity multiple: 0.45×
• Total profit: $-81,876
• Equity at exit: $79,770

10-year hold

• IRR: -14.1%
• Equity multiple: 0.30×
• Total profit: $-104,744
• Equity at exit: $46,257

Cash invested: $149,800 (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 77007

• Rents YoY: -0.8%
• Active inventory: 651
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $5,323 high
• Mortgage (P&I): −$2,806
• Tax from tax record: −$859 /mo · $10,307/yr
• Insurance: −$223
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,118
• Net cashflow: $317

Break-even live

Break-even rent $4,921

Max offer price $535,000

Occupancy floor 89%

Sensitivity live

Price	-10% $620	-5% $469	+0% $317	+5% $166	+10% $15
Rent	-10% $-103	-5% $107	+0% $317	+5% $528	+10% $738
Rate	-1.0pp $587	-0.5pp $454	base $317	+0.5pp $179	+1.0pp $38

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: $133,750
• Closing costs: $16,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
913 Thompson St #913 Houston, TX	4.0	3.5	3200	$8,500	$2.66	26d	1	0.13mi
911 Thompson St #911 Houston, TX	4.0	3.5	3200	$8,500	$2.66	26d	1	0.13mi
915 Thompson St Unit 915 Houston, TX	4.0	3.5	3200	$8,500	$2.66	26d	1	0.13mi
917 Thompson St Unit 917 Houston, TX	4.0	3.5	3200	$8,000	$2.50	26d	1	0.13mi
4444 Center St Houston, TX	3.0	3.0	2121	$3,200	$1.51	45d	1	0.18mi
4608 Nett St Houston, TX	3.0	4.0	2261	$3,750	$1.66	45d	1	0.24mi
4307 Feagan St Unit A Houston, TX	3.0	4.0	2412	$3,590	$1.49	1d	1	0.25mi
1221 Bonner St Houston, TX	3.0	3.5	2252	$3,200	$1.42	45d	1	0.28mi
4311 Marina St Houston, TX	3.0	4.0	2328	$3,599	$1.55	45d	1	0.46mi
4510 Inker St Houston, TX	4.0	4.0	2293	$4,500	$1.96	45d	1	0.47mi
5237 Center St Houston, TX	3.0	3.0	2284	$2,995	$1.31	45d	1	0.56mi
4917 Nolda St Houston, TX	3.0	3.5	1764	$5,000	$2.83	26d	1	0.58mi
5305 Nett St Unit A Houston, TX	3.0	3.5	2104	$2,950	$1.40	26d	1	0.62mi
707 Marston St Unit 510 Houston, TX	3.0	2.0	2310	$12,474	$5.40	0d	1	0.66mi
3333 Allen Pkwy Unit 1000 Houston, TX	2.0	2.5	1860	$4,500	$2.42	45d	1	0.68mi
5201 Memorial Dr Houston, TX	1.0–2.0	1.0–2.5	1071	$3,361	$3.14	0d	16	0.70mi
811 Buffalo Park Dr Unit 844 Houston, TX	3.0	2.0	3632	$14,913	$4.11	15d	1	0.75mi
811 Buffalo Park Dr Unit 3187 Houston, TX	3.0	2.0	3632	$15,384	$4.24	0d	1	0.75mi
811 Buffalo Park Dr Unit 510 Houston, TX	3.0	2.0	3632	$15,424	$4.25	13d	1	0.75mi
5610 Schuler St Houston, TX	3.0	3.5	2614	$3,111	$1.19	7d	1	0.81mi
5108 Larkin St Houston, TX	3.0	3.5	2108	$2,850	$1.35	46d	1	0.83mi
1027 Gross St Houston, TX	4.0	3.5	3035	$5,800	$1.91	45d	1	0.86mi
3131 Memorial Ct Houston, TX	2.0	1.0–2.5	1336	$3,346	$2.50	0d	31	0.93mi
5811 Maxie St Houston, TX	3.0	3.5	2226	$3,000	$1.35	45d	1	0.95mi
920 Westcott St Houston, TX	1.0–2.0	1.0–2.0	1175	$3,306	$2.81	0d	28	0.97mi
5235 Petty St Unit B Houston, TX	3.0	2.5	2532	$3,000	$1.18	45d	1	0.97mi
5336 Darling St Unit 1225767P Houston, TX	3.0	3.0	2292	$5,997	$2.62	1d	1	1.02mi
1951 W Bell St Houston, TX	3.0	2.0	1800	$2,400	$1.33	16d	1	1.03mi
1951 W Bell St Houston, TX	3.0	2.0	1800	$2,400	$1.33	45d	1	1.03mi
929 Westcott St Houston, TX	1.0–3.0	1.0–3.0	1375	$9,263	$6.74	1d	21	1.05mi
1958 W Gray St Unit 1991 Houston, TX	3.0	2.0	3206	$15,050	$4.69	12d	1	1.06mi
1958 W Gray St Unit 3165 Houston, TX	3.0	2.0	3206	$15,010	$4.68	0d	1	1.06mi
2103 Radcliffe St Unit 1225772P Houston, TX	3.0	2.0	1797	$4,729	$2.63	9d	1	1.08mi
2210 Radcliffe St Houston, TX	3.0	3.5	2066	$2,716	$1.31	9d	1	1.11mi
543 T C Jester Blvd Unit 1225766P Houston, TX	3.0	3.5	2389	$5,557	$2.33	1d	1	1.16mi
5427 Kansas St Houston, TX	3.0	4.0	2156	$2,700	$1.25	45d	1	1.19mi
1211 Marconi St Houston, TX	4.0	3.5	3020	$4,500	$1.49	45d	1	1.20mi
710 Stanford St Houston, TX	3.0	4.0	2438	$3,490	$1.43	45d	1	1.22mi
1118 Columbus St Unit A Houston, TX	3.0	3.5	2338	$3,000	$1.28	45d	1	1.23mi
5530 Kiam St Unit 1019540P Houston, TX	4.0	2.5	2680	$15,799	$5.90	45d	1	1.28mi

Listing history 13 events

1. 2026-06-21
   days on market $535,000 Active 20 DOM
2. 2026-06-18
   days on market $535,000 Active 17 DOM
3. 2026-06-17
   pricedays on market $535,000 Active 16 DOM
4. 2026-06-16
   days on market $550,000 Active 15 DOM
5. 2026-06-15
   days on market $550,000 Active 14 DOM
6. 2026-06-13
   days on market $550,000 Active 12 DOM
7. 2026-06-09
   days on market $550,000 Active 8 DOM
8. 2026-06-08
   days on market $550,000 Active 7 DOM
9. 2026-06-07
   days on market $550,000 Active 6 DOM
10. 2026-06-04
    days on market $550,000 Active 3 DOM
11. 2026-06-03
    days on market $550,000 Active 2 DOM
12. 2026-06-02
    remarks 675-char remark
13. 2026-06-02
    listed $550,000 Active 1 DOM

ⓘ 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: $10,307 · $859/mo
• Projected year-2 tax: $10,307 · $859/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 · 24 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $63,872
• − Mortgage interest: −$29,968
• − Property taxes: −$10,307
• − Insurance: −$2,675
• − Repairs & maintenance: −$5,110
• − Management: −$5,110
• − Depreciation: −$15,564
• Taxable loss: −$4,862
• Est. tax savings @ 24.0%: +$1,167
• After-tax cash flow: $4,976/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): 47,808
• Household income: $144,911
• Rent vs Own: 53.8% rent · 46.2% own
• Severe rent burden: 1812.0

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: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 57% Hispanic / Latino 17% Two or more races 13% Asian 11% Black 9%
• Hispanic origin (detail): Mexican 12%
• Common ancestry: Slovak 3% Romanian 3% Italian 3%
• Foreign-born: 19% · Canada, China, South Korea
• Languages at home: 75% English-only · Spanish 12% Other Indo-European 4% Chinese 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: ▼ -219.42%
• Current HPI: 159.8157
• Rent YoY: ▼ -0.83%
• 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

+66.7% since first listed

37 events — show timeline

• 2026-06-01 Listed $550,000 HARMLS
• 2025-08-21 Sold (Public Records) — Public Records
• 2020-03-03 Sold (Public Records) — Public Records
• 2020-03-02 Sold (MLS) — HARMLS
• 2020-01-29 Pending — HARMLS
• 2020-01-24 Pending — HARMLS
• 2020-01-14 Price Changed $385,000 HARMLS
• 2019-12-15 Listed $399,000 HARMLS
• 2019-12-15 Listing Removed — HARMLS
• 2019-11-12 Price Changed $399,000 HARMLS
• 2019-10-29 Price Changed $410,000 HARMLS
• 2019-10-01 Relisted — HARMLS
• 2019-09-23 Pending — HARMLS
• 2019-08-13 Price Changed $425,000 HARMLS
• 2019-06-17 Listed $449,500 HARMLS
• 2017-11-23 Listing Removed — HARMLS
• 2017-09-23 Relisted — HARMLS
• 2017-09-21 Listing Removed — HARMLS
• 2017-08-01 Listed $485,000 HARMLS
• 2010-02-05 Sold (Public Records) — Public Records
• 2010-02-05 Sold (Public Records) — Public Records
• 2010-02-01 Sold (MLS) — HARMLS
• 2009-12-17 Listing Removed — HARMLS
• 2009-11-13 Listed $349,500 HARMLS
• 2005-05-23 Sold (Public Records) — Public Records
• 2005-05-23 Sold (Public Records) — Public Records
• 2005-04-15 Listing Removed — HARMLS
• 2005-04-11 Listing Removed — HARMLS
• 2005-04-08 Listed $307,500 HARMLS
• 2005-03-16 Listed $307,500 HARMLS
• 2005-03-15 Listing Removed — HARMLS
• 2005-02-17 Listed $307,500 HARMLS
• 2005-02-16 Listing Removed — HARMLS
• 2005-01-17 Listing Removed — HARMLS
• 2005-01-13 Listed $350,000 HARMLS
• 2005-01-13 Listed $330,000 HARMLS
• 2001-05-31 Sold (Public Records) — Public Records

Property tax history

+4.1%/yr

Latest (2025): $10,307 · +1.3% YoY. Source: county tax records.