7637 Bellingham Dr · Houston, TX 77028

$224,900

3 bd · 1.0 ba · 1,160 sqft · SingleFamily public records · 13 Days on market

Built 1953 7,200 sqft lot Est $179k · 26% over

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Why this score? — see what drove the F 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 +9.2/30.0
• Appreciation +7.6/10.0
• Livability +3.7/5.0
• Schools +2.7/10.0
• DSCR +2.6/10.0
• 1% rule +2.5/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• ARV discount +0.0/15.0

Listing remarks

Fully renovated in 2026, this 3-bedroom, 2-bath home offers a fresh, modern feel with updates throughout. The renovation included a room addition, creating a functional floor plan with spacious bedrooms and comfortable living areas. Recent improvements include updated flooring, paint, fixtures, kitchen finishes, bathrooms, and more. The home is move-in ready and provides an excellent opportunity for a first-time homebuyer, growing family, or investor. Conveniently located with easy access to major highways, shopping, dining, and downtown Houston. If you're looking for a home with the major updates already completed, this one is worth a look.

Key facts

• Fully renovated
• Updated paint
• Updated flooring

Tags

• FULLY RENOVATED
• ROOM ADDITION
• UPDATED FLOORING
• UPDATED PAINT
• UPDATED FIXTURES
• UPDATED KITCHEN FINISHES

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Residential property; Built in 1953; Slab foundation
• Construction: Aluminum siding and vinyl siding; Composition roof
• Exterior features: Subdivision lot

Interior

• Kitchen: Electric oven; Electric range
• Bedrooms: Three bedrooms on the first floor
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Seller disclosure on file
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $-234 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $184k (18.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $169k (25.0% below list).
• Recommended offer: $169k (25.0% below list) — sets the bar for 1% rule.
• Cap rate 5.4% 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: Mcgowen El (math 12% / reading 17%, grade F, #4,048 of 4,322 statewide, top 95%, 385 students, 99% FRL); Key Middle (math 10% / reading 20%, grade F, #1,569 of 1,662 statewide, top 95%, 615 students, 100% FRL); Kashmere H S (math 14% / reading 22%, grade F, #1,445 of 1,632 statewide, top 89%, 725 students, 96% FRL) — zoned schools average 98% FRL vs 71% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 16% at this address vs 31% district-wide (-15 pts) — the specific schools serving this property underperform the Houston ISD average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-1.6%/yr); 355 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).

Forward outlook

• In year one you build about $13k of equity ($2k loan paydown + $12k appreciation (5.2% local appreciation)).
• Harris County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 3, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 22y 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

• Watch-outs: flood insurance adds $66/mo; built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; 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 $168,564 (25.0% 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 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.75% ✗
• Cap rate: 5.40%
• Cash-on-cash: -3.20%
• DSCR: 0.86
• GRM: 11.1

CMA / ARV

• ARV (on-the-fly): $178,640
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7410 Glen Manor Dr	0.45mi	3/2.0	1,140 (-2%)	6mo	$225,000	$197	68
7421 Claiborne St	0.63mi	3/1.0	1,070 (-8%)	0mo	$129,900	$121	58
7534 Bywood St	0.56mi	3/1.0	1,107 (-5%)	10mo	$179,000	$162	58
7706 Claiborne St	0.59mi	2/1.0 (-1)	1,129 (-3%)	9mo	$84,900	$75	55
7429 Springdale St	0.50mi	3/2.0	1,230 (+6%)	9mo	$190,000	$154	55
8117 Snowden St	0.60mi	3/2.0	1,201 (+4%)	11mo	$200,000	$167	53
8121 Homewood Ln	0.65mi	3/1.0	1,120 (-3%)	15mo	$155,000	$138	52
7229 Springdale St	0.67mi	3/1.0	1,247 (+8%)	6mo	$195,000	$156	52
7833 Linda Vista Rd	0.51mi	2/1.0 (-1)	1,207 (+4%)	16mo	$135,000	$112	52
7901 Richland Dr	0.59mi	2/1.0 (-1)	1,108 (-4%)	10mo	$115,000	$104	51
7551 Fawnridge Dr	0.20mi	3/2.0	1,326 (+14%)	14mo	$175,000	$132	51
7925 Crestview Dr	0.68mi	3/1.0	1,032 (-11%)	15mo	$160,000	$155	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

5.25% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 8.7%
• Equity multiple: 1.56×
• Total profit: $35,163
• Equity at exit: $130,808

10-year hold

• IRR: 9.4%
• Equity multiple: 2.74×
• Total profit: $109,413
• Equity at exit: $228,586

Cash invested: $62,972 (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 77028

• Home prices YoY: 2.0%
• Rents YoY: -1.6%
• Active inventory: 355
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $1,686 high
• Mortgage (P&I): −$1,179
• Tax from tax record: −$226 /mo · $2,717/yr
• Insurance: −$94
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$354
• Net cashflow: $-234

Break-even live

Break-even rent $1,982

Max offer price $183,505

Occupancy floor —

Sensitivity live

Price	-10% $-107	-5% $-171	+0% $-234	+5% $-298	+10% $-362
Rent	-10% $-367	-5% $-301	+0% $-234	+5% $-168	+10% $-101
Rate	-1.0pp $-121	-0.5pp $-177	base $-234	+0.5pp $-293	+1.0pp $-352

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: $56,225
• Closing costs: $6,747
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7601 Springdale St Houston, TX	3.0	2.0	1224	$1,200	$0.98	17d	1	0.38mi
8006 Lynette St Houston, TX	3.0	1.0	1400	$1,475	$1.05	26d	1	0.48mi
9410 Firnat St Unit B Houston, TX	3.0	2.5	1500	$1,900	$1.27	45d	1	0.49mi
9410 Firnat St Unit A Houston, TX	3.0	2.5	1500	$1,900	$1.27	0d	1	0.49mi
7914 Laura Koppe Rd Houston, TX	3.0	2.0	1400	$1,850	$1.32	45d	1	0.51mi
9550 N Wayside Dr Houston, TX	1.0–3.0	1.0–2.0	896	$1,399	$1.56	3d	5	0.53mi
7804 Crestview Dr Unit A Houston, TX	3.0	2.0	1150	$1,550	$1.35	23d	1	0.60mi
7418 Bywood St Houston, TX	3.0	2.0	1300	$1,800	$1.38	26d	1	0.62mi
8015 Elbert St Unit A Houston, TX	2.0	2.0	1021	$1,650	$1.62	9d	1	0.71mi
7201 Hallshire Dr Unit 235 Houston, TX	3.0	1.0	1100	$850	$0.77	45d	1	0.74mi
7201 Hallshire Dr Houston, TX	2.0	1.0	985	$740	$0.75	45d	1	0.74mi
7201 Hallshire Dr Unit 222 Houston, TX	2.0	1.0	985	$700	$0.71	45d	1	0.74mi
7119 Bywood St Unit A Houston, TX	3.0	2.5	1150	$1,795	$1.56	45d	1	0.85mi
8213 Linda Vista Rd Houston, TX	3.0	2.0	1298	$1,625	$1.25	26d	1	0.92mi
8216 Richland Dr Unit B Houston, TX	3.0	2.0	1150	$1,750	$1.52	45d	1	0.97mi
8113 Denton St Houston, TX	3.0	2.0	1150	$1,750	$1.52	45d	1	0.98mi
7252 Parker Rd Houston, TX	3.0	1.0	916	$1,650	$1.80	45d	1	1.00mi
7176 Parker Rd Houston, TX	4.0	2.0	1152	$1,200	$1.04	45d	1	1.02mi
8122 Sterlingshire St Unit B Houston, TX	3.0	2.0	1160	$1,450	$1.25	16d	1	1.04mi
8122 Sterlingshire St Unit A Houston, TX	3.0	2.0	1160	$1,525	$1.31	16d	1	1.04mi
8126 Sterlingshire St Unit B Houston, TX	3.0	2.0	1150	$1,350	$1.17	26d	1	1.05mi
8309 Carolwood Dr Houston, TX	3.0	1.0	938	$1,350	$1.44	45d	1	1.10mi
8346 Tidwell Rd Unit B Houston, TX	3.0	2.0	980	$1,000	$1.02	45d	1	1.12mi
8350 Tidwell Rd Unit A Houston, TX	3.0	2.0	980	$975	$0.99	45d	1	1.13mi
8213 Bigwood St Unit A Houston, TX	3.0	2.5	1150	$1,595	$1.39	45d	1	1.17mi
10314 Woodwick St Unit 1283919P Houston, TX	3.0	2.5	1496	$3,865	$2.58	0d	1	1.19mi
8302 Caddo Rd Houston, TX	2.0	1.0	896	$1,450	$1.62	45d	1	1.26mi
9222 Hillis St Houston, TX	3.0	2.0	1498	$1,850	$1.23	45d	1	1.30mi
7973 Ritz St Houston, TX	3.0	2.0	1076	$2,250	$2.09	9d	1	1.36mi
10221 Bretton Dr Houston, TX	3.0	1.0	1350	$1,700	$1.26	26d	1	1.36mi
7314 Saunders Rd Houston, TX	4.0	2.0	1339	$1,723	$1.29	15d	1	1.42mi
7726 Spinet St Houston, TX	4.0	2.0	1456	$2,375	$1.63	9d	1	1.42mi
9422 Sandra St Unit B Houston, TX	3.0	2.5	1461	$1,875	$1.28	45d	1	1.42mi
7830 Nashville St Houston, TX	3.0	2.0	1175	$1,800	$1.53	9d	1	1.49mi

Listing history 9 events

1. 2026-06-15
   days on market $224,900 Pending 13 DOM
2. 2026-06-13
   days on market $224,900 Pending 12 DOM
3. 2026-06-09
   statusdays on market $224,900 Pending 8 DOM
4. 2026-06-08
   days on market $224,900 Active 7 DOM
5. 2026-06-07
   days on market $224,900 Active 6 DOM
6. 2026-06-04
   days on market $224,900 Active 3 DOM
7. 2026-06-03
   days on market $224,900 Active 2 DOM
8. 2026-06-02
   remarks 649-char remark
9. 2026-06-02
   listed $224,900 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: $2,717 · $226/mo
• Projected year-2 tax: $4,116 · $343/mo
• Expected delta: +$1,399/yr (+$117/mo · 51.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°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: $20,228
• − Mortgage interest: −$12,598
• − Property taxes: −$2,717
• − Insurance: −$1,922
• − Repairs & maintenance: −$1,618
• − Management: −$1,618
• − Depreciation: −$6,543
• Taxable loss: −$6,788
• Est. tax savings @ 24.0%: +$1,629
• After-tax cash flow: $-1,183/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): 19,109
• Household income: $38,357
• Rent vs Own: 43.1% rent · 56.9% own
• Severe rent burden: 1177.0

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 Black (57%)
• Race & ethnicity: Black 57% Hispanic / Latino 41% Two or more races 15% White 2%
• Hispanic origin (detail): Mexican 36%
• Foreign-born: 13% · Canada
• Languages at home: 61% English-only · Spanish 38%

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: ▲ 5.25%
• Current HPI: 267.7798
• Rent YoY: ▼ -1.55%
• 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

+359.0% since first listed

14 events — show timeline

• 2026-06-01 Listed $224,900 HARMLS
• 2025-11-06 Sold (Public Records) — Public Records
• 2020-03-11 Sold (Public Records) — Public Records
• 2012-09-10 Sold (Public Records) — Public Records
• 2007-07-12 Sold (Public Records) — Public Records
• 2007-01-31 Sold (Public Records) — Public Records
• 2007-01-10 Sold (Public Records) — Public Records
• 2006-11-28 Listing Removed — HARMLS
• 2006-11-02 Sold (Public Records) — Public Records
• 2006-10-30 Listed $82,950 HARMLS
• 2005-12-09 Sold (Public Records) — Public Records
• 2005-06-01 Listing Removed — HARMLS
• 2004-10-20 Listed $49,000 HARMLS
• 1988-07-20 Sold (Public Records) — Public Records

Property tax history

+13.8%/yr

Latest (2025): $2,717 · +11.7% YoY. Source: county tax records.