827 Marcolin St · Houston, TX 77088

$135,000

3 bd · 1.0 ba · 1,062 sqft · SingleFamily public records · 156 Days on market

Built 1970 5,201 sqft lot $127/sqft · 17% below area Est $162k · 17% under ↓ 11% since listing

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• Livability +3.7/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3 bedroom 1 bathroom brick home near N Shepherd Dr and Veterans Memorial Dr sits on a 5,183 Square Feet Lot and offers possibilities for the Handyman or builder at heart. A large yard that can accommodate a pool or a mother in law apartment ( ADU). A Mature tree at the front entrance offers shade and a soft breeze on the summer months. Easy access to freeway and area businesses and supermarkets. Why to pay rent when you can make this one your home and update it as you please. Call you Realtor for Showings!

Key facts

• Mature tree
• Large yard
• 5,201 sq ft lot

Tags

• ORIGINAL HARDWOOD FLOORS
• LARGE YARD
• MATURE TREE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $518 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.9% 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: schools D, 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.
• Market conditions: Rents soft (-1.0%/yr); 468 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• This rent runs 42% of the median local income ($54k/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 $933 of loan paydown is wiped out by about $4k 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 156 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.

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 $118,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 156 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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.
8. 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.
9. 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: 1.42% ✓
• Cap rate: 10.89%
• Cash-on-cash: 16.43%
• DSCR: 1.73
• GRM: 5.9

CMA / ARV

• ARV (median comp): $162,261
• List price: $135,000
• Delta: -16.80%
• 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
8602 De Priest St	0.20mi	3/2.0	1,080 (+2%)	6mo	$115,000	$106	79
1314 Tarberry Rd	0.32mi	3/1.5	1,022 (-4%)	5mo	$143,999	$141	72
8914 De Priest St	0.25mi	3/2.0	1,020 (-4%)	8mo	$150,000	$147	71
958 Conklin St	0.38mi	3/2.0	1,020 (-4%)	3mo	$215,000	$211	69
8319 Ponnel Ln	0.18mi	2/1.5 (-1)	1,025 (-4%)	20mo	$165,000	$161	62
809 Fortune St	0.45mi	3/2.0	1,023 (-4%)	9mo	$120,150	$117	61
8615 Citation Ct	0.67mi	4/1.5 (+1)	1,116 (+5%)	3mo	$140,000	$125	51
1555 Tarberry Rd	0.63mi	3/1.5	1,045 (-2%)	23mo	$160,000	$153	47
894 N Victory Dr	0.66mi	2/2.0 (-1)	1,130 (+6%)	5mo	$165,000	$146	45
754 Prosper St	0.55mi	3/1.0	1,216 (+14%)	8mo	$99,900	$82	44
1559 Diplomat Way	0.66mi	4/1.5 (+1)	1,158 (+9%)	5mo	$159,990	$138	43
8626 Cottage Gate Ln	0.73mi	4/1.5 (+1)	1,184 (+12%)	23mo	$218,900	$185	21

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: 3.9%
• Equity multiple: 1.15×
• Total profit: $5,531
• Equity at exit: $20,129

10-year hold

• IRR: 10.3%
• Equity multiple: 1.68×
• Total profit: $25,806
• Equity at exit: $11,672

Cash invested: $37,800 (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 77088

• Home prices YoY: -23.2%
• Rents YoY: -1.0%
• Active inventory: 468
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,919 high
• Mortgage (P&I): −$708
• Tax from tax record: −$234 /mo · $2,814/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$403
• Net cashflow: $518

Break-even live

Break-even rent $1,264

Max offer price $135,000

Occupancy floor 68%

Sensitivity live

Price	-10% $594	-5% $556	+0% $518	+5% $479	+10% $441
Rent	-10% $366	-5% $442	+0% $518	+5% $593	+10% $669
Rate	-1.0pp $586	-0.5pp $552	base $518	+0.5pp $483	+1.0pp $447

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8312 De Priest St Unit B Houston, TX	3.0	3.5	1500	$1,900	$1.27	21d	1	0.29mi
8312 De Priest St Unit A Houston, TX	3.0	2.5	1500	$1,900	$1.27	21d	1	0.29mi
8310 De Priest St Unit B Houston, TX	3.0	2.5	1500	$1,900	$1.27	21d	1	0.30mi
8306 De Priest St Unit A Houston, TX	3.0	2.5	1500	$1,900	$1.27	21d	1	0.31mi
8118 De Priest St Unit B Houston, TX	3.0	2.5	1500	$1,900	$1.27	44d	1	0.33mi
8122 De Priest St Unit A Houston, TX	3.0	3.5	1500	$1,900	$1.27	44d	1	0.33mi
8120 De Priest St Unit B Houston, TX	3.0	2.5	1500	$1,900	$1.27	44d	1	0.33mi
8120 De Priest St Unit A Houston, TX	3.0	2.5	1500	$1,750	$1.17	44d	1	0.33mi
8112 De Priest St Unit B Houston, TX	3.0	2.5	1500	$1,900	$1.27	44d	1	0.36mi
8110 De Priest St Unit A Houston, TX	3.0	2.5	1500	$1,900	$1.27	44d	1	0.36mi
8108 De Priest St Unit B Houston, TX	3.0	2.5	1500	$1,900	$1.27	44d	1	0.36mi
929 Marjorie St Unit 1060806P Houston, TX	3.0	2.0	1076	$3,091	$2.87	8d	1	0.42mi
783 Fortune St Unit A Houston, TX	3.0	2.5	1328	$1,795	$1.35	17d	1	0.46mi
1010 Junell St Unit A Houston, TX	3.0	2.0	1040	$1,550	$1.49	24d	1	0.65mi
7486 N Shepherd Dr Houston, TX	3.0	2.0	1177	$1,290	$1.10	44d	1	0.79mi
1438 Peach Spring Dr Houston, TX	4.0	1.5	1288	$1,599	$1.24	2d	1	0.81mi
1464 Ferguson Way Houston, TX	2.0	3.0	850	$1,850	$2.18	44d	1	1.09mi
1450 Dewalt St Houston, TX	3.0	2.5	1371	$2,500	$1.82	44d	1	1.13mi
301 W Little York Rd Unit 1722 Houston, TX	2.0	2.0	1322	$1,230	$0.93	21d	1	1.16mi
206 Beaver Bend Rd Houston, TX	4.0	1.5	1470	$1,920	$1.31	13d	1	1.38mi

Listing history 16 events

1. 2026-06-18
   days on market $135,000 Active 156 DOM
2. 2026-06-17
   days on market $135,000 Active 155 DOM
3. 2026-06-16
   days on market $135,000 Active 154 DOM
4. 2026-06-15
   days on market $135,000 Active 153 DOM
5. 2026-06-13
   days on market $135,000 Active 151 DOM
6. 2026-06-10
   days on market $135,000 Active 147 DOM
7. 2026-06-08
   days on market $135,000 Active 146 DOM
8. 2026-06-07
   days on market $135,000 Active 145 DOM
9. 2026-06-04
   days on market $135,000 Active 142 DOM
10. 2026-06-01
    days on market $135,000 Active 139 DOM
11. 2026-05-31
    days on market $135,000 Active 138 DOM
12. 2026-05-11
    price $140,000 521-char remark

    Show marketing remark (521 chars)

    This 3 bedroom 1 bathroom brick home near N Shepherd Dr and Veterans Memorial Dr sits on a 5,183 Square Feet Lot and offers possibilities for the Handyman or builder at heart. A large yard that can accommodate a pool or a mother in law apartment ( ADU). A Mature tree at the front entrance offers shade and a soft breeze on the summer months. Easy access to freeway and area businesses and supermarkets. Why to pay rent when you can make this one your home and update it as you please. Call you Realtor for Showings!

13. 2026-04-22
    price $145,000 521-char remark

    Show marketing remark (521 chars)

    This 3 bedroom 1 bathroom brick home near N Shepherd Dr and Veterans Memorial Dr sits on a 5,183 Square Feet Lot and offers possibilities for the Handyman or builder at heart. A large yard that can accommodate a pool or a mother in law apartment ( ADU). A Mature tree at the front entrance offers shade and a soft breeze on the summer months. Easy access to freeway and area businesses and supermarkets. Why to pay rent when you can make this one your home and update it as you please. Call you Realtor for Showings!

14. 2026-03-03
    price $149,900 521-char remark

    Show marketing remark (521 chars)

    This 3 bedroom 1 bathroom brick home near N Shepherd Dr and Veterans Memorial Dr sits on a 5,183 Square Feet Lot and offers possibilities for the Handyman or builder at heart. A large yard that can accommodate a pool or a mother in law apartment ( ADU). A Mature tree at the front entrance offers shade and a soft breeze on the summer months. Easy access to freeway and area businesses and supermarkets. Why to pay rent when you can make this one your home and update it as you please. Call you Realtor for Showings!

15. 2026-01-13
    listed $157,000 Active 521-char remark

    Show marketing remark (521 chars)

    This 3 bedroom 1 bathroom brick home near N Shepherd Dr and Veterans Memorial Dr sits on a 5,183 Square Feet Lot and offers possibilities for the Handyman or builder at heart. A large yard that can accommodate a pool or a mother in law apartment ( ADU). A Mature tree at the front entrance offers shade and a soft breeze on the summer months. Easy access to freeway and area businesses and supermarkets. Why to pay rent when you can make this one your home and update it as you please. Call you Realtor for Showings!

16. 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: $2,814 · $234/mo
• Projected year-2 tax: $2,814 · $234/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 3/10 Moderate FEMA zone X (unshaded) · 20% 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 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,031
• − Mortgage interest: −$7,562
• − Property taxes: −$2,814
• − Insurance: −$675
• − Repairs & maintenance: −$1,842
• − Management: −$1,842
• − Depreciation: −$3,927
• Taxable income: $4,368
• Est. tax owed @ 24.0%: −$1,048
• After-tax cash flow: $5,162/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): 57,047
• Household income: $54,411
• Rent vs Own: 38.1% rent · 61.9% own
• Severe rent burden: 2294.0

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 0.59)
• Race & ethnicity: Hispanic / Latino 52% Black 37% Two or more races 18% White 6% Asian 4%
• Hispanic origin (detail): Mexican 36%
• Common ancestry: Lithuanian 1%
• Foreign-born: 25% · Canada, Vietnam, China
• Languages at home: 49% English-only · Spanish 47% Vietnamese 3%

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: ▼ -98.37%
• Current HPI: 325.0499
• Rent YoY: ▼ -1.01%
• 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

-10.8% since first listed

5 events — show timeline

• 2026-05-11 Price Changed $140,000 HARMLS
• 2026-04-22 Price Changed $145,000 HARMLS
• 2026-03-03 Price Changed $149,900 HARMLS
• 2026-01-13 Listed $157,000 HARMLS
• 1988-01-02 Sold (Public Records) — Public Records

Property tax history

+6.0%/yr

Latest (2025): $2,814 · +2.4% YoY. Source: county tax records.