5421 Diane Ct · Spring, TX 77373

$167,900

3 bd · 2.0 ba · 1,326 sqft · Townhouse public records · 7 Days on market

Built 1984 3,611 sqft lot $18/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 +26.5/30.0
• DSCR +9.0/10.0
• 1% rule +8.2/10.0
• ARV discount +7.5/15.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Recently dropped from price from 180k . Fully updated 3 bed, 2 bath home with 1,300+ sqft of comfortable living space! This all property features major upgrades already done for you including a newer roof, Newer HVAC and ducting, as well as modern LVP flooring throughout most of the home. Enjoy a functional layout with a cozy wood-burning fireplace, beautiful kitchen with new dishwasher, and a sliding glass door that brings in great natural light. Step outside to a private fenced yard, perfect for relaxing or entertaining. Located in a well-established neighborhood with HOA, this home is move-in ready and built for low-maintenance living. Survey on file. Solid value + big-ticket updates alr

Key facts

• Newer roof
• Private fenced yard
• Modern lvp flooring

Tags

• NEWER ROOF
• NEWER HVAC
• MODERN LVP FLOORING
• COZY WOOD-BURNING FIREPLACE
• PRIVATE FENCED YARD
• WELL-ESTABLISHED NEIGHBORHOOD

Property features AI

Finance

• Financial info: Lease considered
• HOA & community: Sunbury Estates homeowners association; Annual association fee of $220

Exterior

• Utilities: Public water; Public sewer
• Home design: Residential property; One-story (entry level: first floor)
• Construction: Built in 1984; Brick and wood siding exterior; Slab foundation; Composition, shingle, and wood roof
• Exterior features: Cleared lot; Located on a cul-de-sac

Interior

• Kitchen: Dishwasher
• Bedrooms: Primary bedroom on the first floor (15 x 10); Bedroom on the first floor (12 x 15); Bedroom on the first floor (10 x 10)
• Flooring: Plank; Tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Wood-burning fireplace (1); Plank, tile, and vinyl flooring; 5 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $168k.

Deal economics

• At list price, monthly cash flow is $443 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $168k).
• Cap rate 9.5% vs local median 4.5% in Spring — 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 (#635 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B; Watch: crime D, amenities F, commute F.
• Spring ISD (suburban): math 19% / reading 26% proficiency, ranked #730 of 826 in TX (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Dueitt Middle (math 12% / reading 23%, grade F, #1,507 of 1,662 statewide, top 91%, 773 students, 84% FRL); Spring H S (math 12% / reading 21%, grade F, #1,497 of 1,632 statewide, top 92%, 2,760 students, 72% FRL).
• Market conditions: Rents soft (-0.3%/yr); 595 active listings in the ZIP; solid renter incomes; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• This rent runs 30% of the median local income ($89k/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

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 4y ago; this cycle's ask has dropped $14k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $167,900

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is D 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. 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.
5. 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.
6. 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: 1.32% ✓
• Cap rate: 9.46%
• Cash-on-cash: 11.31%
• DSCR: 1.50
• GRM: 6.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -3.2%
• Equity multiple: 0.89×
• Total profit: $-5,375
• Equity at exit: $25,034

10-year hold

• IRR: 2.4%
• Equity multiple: 1.15×
• Total profit: $7,018
• Equity at exit: $14,517

Cash invested: $47,012 (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 77373

• Rents YoY: -0.3%
• Active inventory: 595
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $2,220 medium
• Mortgage (P&I): −$880
• Tax from tax record: −$342 /mo · $4,107/yr
• Insurance: −$70
• HOA: −$18
• Vacancy / Maint / Mgmt: −$466
• Net cashflow: $443

Break-even live

Break-even rent $1,659

Max offer price $167,900

Occupancy floor 75%

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: $41,975
• Closing costs: $5,037
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $18 · $216/yr

Listing history 28 events

1. 2026-06-18
   days on market $167,900 Active 7 DOM
2. 2026-06-17
   days on market $167,900 Active 6 DOM
3. 2026-06-16
   days on market $167,900 Active 5 DOM
4. 2026-06-15
   days on market $167,900 Active 4 DOM
5. 2026-06-13
   days on market $167,900 Active 2 DOM
6. 2026-06-13
   pricedays on marketlisting id $167,900 Active 1 DOM
7. 2026-06-09
   days on market $169,900 Active 7 DOM
8. 2026-06-08
   days on market $169,900 Active 6 DOM
9. 2026-06-07
   days on market $169,900 Active 5 DOM
10. 2026-06-04
    days on market $169,900 Active 2 DOM
11. 2026-06-02
    days on marketlisting id $169,900 Active 1 DOM
12. 2026-06-01
    days on market $169,900 Active 28 DOM
13. 2026-05-31
    days on market $169,900 Active 27 DOM
14. 2026-05-04
    listed $169,900 Active 751-char remark
15. 2026-04-30
    historical
16. 2026-03-26
    price $169,900
17. 2026-02-11
    price $171,555
18. 2026-02-06
    status Active
19. 2026-02-06
    price $181,555
20. 2026-01-29
    historical
21. 2026-01-01
    price $175,555
22. 2025-10-10
    price $179,555
23. 2025-09-22
    listed $181,900 Active
24. 2022-11-23
    soldstatus Sold
25. 2022-10-29
    status Pending
26. 2022-10-19
    status Option Pending
27. 2022-10-09
    listed $159,900 Active
28. 1992-11-30
    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: $4,107 · $342/mo
• Projected year-2 tax: $4,107 · $342/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 ≥111°F today · 25 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,637
• − Mortgage interest: −$9,405
• − Property taxes: −$4,107
• − Insurance: −$840
• − Repairs & maintenance: −$2,131
• − Management: −$2,131
• − HOA: −$216
• − Depreciation: −$4,884
• Taxable income: $2,924
• Est. tax owed @ 24.0%: −$702
• After-tax cash flow: $4,614/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: Spring ISD
• NCES district ID: 4841220
• Math proficiency: 19% ▼ -13.00%
• Reading proficiency: 26% ▼ -6.00%
• Median HH income: $51,584
• Composite: 20.12/100
• National rank: #8643
• State rank: #730 of 826 in TX

Livability — Spring

• Score: 66/100
• State rank: #635
• US rank: #12101

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Spring, TX
• County: Harris County · 4,702,590 people
• City population: 430,529
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 69,739
• Household income: $88,617
• Rent vs Own: 27.2% rent · 72.8% own
• Severe rent burden: 1050.0

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 0.69)
• Race & ethnicity: Hispanic / Latino 40% White 30% Black 23% Two or more races 22% Asian 3%
• Hispanic origin (detail): Mexican 27% Puerto Rican 2% Cuban 2% Dominican 2%
• Common ancestry: Lithuanian 2% Italian 1% Slovak 1%
• Foreign-born: 17% · Canada, Jamaica, Vietnam
• Languages at home: 64% English-only · Spanish 32% Vietnamese 1% Other Indo-European 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: ▼ -142.98%
• Current HPI: 251.7231
• Rent YoY: ▼ -0.30%
• 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

+5.0% since first listed

20 events — show timeline

• 2026-06-12 Price Changed $167,900 HARMLS
• 2026-06-11 Listed $181,900 HARMLS
• 2026-06-09 Listing Removed — HARMLS
• 2026-06-02 Listing Removed — HARMLS
• 2026-06-02 Listed $169,900 HARMLS
• 2026-05-04 Listed $169,900 HARMLS
• 2026-04-30 Listing Removed — HARMLS
• 2026-03-26 Price Changed $169,900 HARMLS
• 2026-02-11 Price Changed $171,555 HARMLS
• 2026-02-06 Relisted — HARMLS
• 2026-02-06 Price Changed $181,555 HARMLS
• 2026-01-29 Listing Removed — HARMLS
• 2026-01-01 Price Changed $175,555 HARMLS
• 2025-10-10 Price Changed $179,555 HARMLS
• 2025-09-22 Listed $181,900 HARMLS
• 2022-11-23 Sold (MLS) — HARMLS
• 2022-10-29 Pending — HARMLS
• 2022-10-19 Pending — HARMLS
• 2022-10-09 Listed $159,900 HARMLS
• 1992-11-30 Sold (Public Records) — Public Records

Property tax history

+9.1%/yr

Latest (2025): $4,107 · +2.2% YoY. Source: county tax records.