1006 Fruitvale Dr · Houston, TX 77038

$150,000

3 bd · 1.5 ba · 1,681 sqft · SingleFamily public records · 344 Days on market

Built 1971 6,137 sqft lot $89/sqft · 28% below area Est $209k · 28% under

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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 +24.3/30.0
• ARV discount +15.0/15.0
• 1% rule +7.8/10.0
• DSCR +7.8/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3-bedroom, 1.5-bathroom home is bursting with potential and ready for your personal touch! Featuring oversized living spaces with soaring vaulted ceilings, this home offers the perfect canvas to create your dream space. Whether you're a first-time buyer or an investor, a little TLC will go a long way in transforming this property into something truly special. Don’t miss out on this incredible opportunity—schedule your showing today and imagine the possibilities!

Key facts

• 6,137 sq ft lot
• Garage
• Built 1971

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $303 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.7% 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.
• Aldine ISD (suburban): math 16% / reading 21% proficiency, ranked #790 of 826 in TX (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 79% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 52 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• This rent runs 40% of the median local income ($57k/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 $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 344 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 11y ago; this cycle's ask has dropped $87k (37%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price.
• 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 $132,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 344 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 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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: 1.28% ✓
• Cap rate: 8.72%
• Cash-on-cash: 8.65%
• DSCR: 1.38
• GRM: 6.5

CMA / ARV

• ARV (median comp): $208,807
• List price: $150,000
• Delta: -28.16%
• 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
1010 Francitas Dr	0.05mi	3/2.0	1,496 (-11%)	7mo	$184,900	$124	72
1035 Forestburg Dr	0.11mi	3/2.0	1,837 (+9%)	9mo	$219,500	$119	70
10226 Ella Falls Blvd	0.30mi	3/2.0	1,906 (+13%)	1mo	$265,000	$139	61
10243 Ella Falls Blvd	0.31mi	4/2.0 (+1)	1,608 (-4%)	15mo	$279,999	$174	58
1019 Castolan Dr	0.48mi	3/2.0	1,491 (-11%)	4mo	$244,500	$164	54
12627 Lockbourne Dr	0.64mi	4/2.0 (+1)	1,707 (+2%)	12mo	$230,000	$135	50
1314 Pilot Point Dr	0.45mi	4/1.5 (+1)	1,477 (-12%)	11mo	$240,000	$162	45
1231 Pilot Point Dr	0.38mi	4/2.5 (+1)	1,539 (-8%)	18mo	$239,900	$156	44
10048 Woodico Ct	0.29mi	4/2.0 (+1)	1,431 (-15%)	18mo	$180,000	$126	40
10029 Lasaber Ct	0.34mi	4/2.0 (+1)	1,431 (-15%)	17mo	$165,000	$115	38
10558 Pleasanton Dr	0.70mi	4/2.0 (+1)	1,464 (-13%)	6mo	$264,680	$181	34
10519 Berclair Dr	0.72mi	3/2.0	1,926 (+15%)	9mo	$285,000	$148	33

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -3.1%
• Equity multiple: 0.88×
• Total profit: $-4,885
• Equity at exit: $22,365

10-year hold

• IRR: 6.7%
• Equity multiple: 1.50×
• Total profit: $21,129
• Equity at exit: $12,969

Cash invested: $42,000 (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 77038

• Home prices YoY: -20.0%
• Active inventory: 52
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,914 high
• Mortgage (P&I): −$787
• Tax from tax record: −$360 /mo · $4,324/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$402
• Net cashflow: $303

Break-even live

Break-even rent $1,531

Max offer price $150,000

Occupancy floor 79%

Sensitivity live

Price	-10% $388	-5% $345	+0% $303	+5% $260	+10% $218
Rent	-10% $152	-5% $227	+0% $303	+5% $378	+10% $454
Rate	-1.0pp $378	-0.5pp $341	base $303	+0.5pp $264	+1.0pp $224

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10103 Ridgecoral Ct Houston, TX	3.0	2.0	2191	$2,200	$1.00	44d	1	0.26mi
10061 Sharpton Dr Houston, TX	3.0	2.5	2098	$1,495	$0.71	5d	1	0.28mi
1330 Blue Bell Rd Houston, TX	2.0–3.0	1.0–2.0	1418	$1,790	$1.26	0d	7	1.02mi
10445 Greens Crossing Blvd Houston, TX	1.0–3.0	1.0–2.0	862	$1,550	$1.80	0d	44	1.10mi
13154 Winding Wood Dr Houston, TX	3.0	2.0	1339	$1,629	$1.22	3d	1	1.13mi
9750 Deer Trail Dr Houston, TX	3.0	2.0	1050	$2,200	$2.10	44d	1	1.17mi

Listing history 34 events

1. 2026-06-18
   statusdays on market $150,000 Pending 344 DOM
2. 2026-06-17
   status $150,000 Active 343 DOM
3. 2026-06-17
   days on market $150,000 Pending 343 DOM
4. 2026-06-16
   days on market $150,000 Pending 342 DOM
5. 2026-06-15
   statusdays on market $150,000 Pending 341 DOM
6. 2026-06-13
   days on market $150,000 Active 339 DOM
7. 2026-06-13
   days on market $150,000 Active 338 DOM
8. 2026-06-09
   days on market $150,000 Active 335 DOM
9. 2026-06-08
   days on market $150,000 Active 334 DOM
10. 2026-06-07
    days on market $150,000 Active 333 DOM
11. 2026-06-04
    days on market $150,000 Active 330 DOM
12. 2026-06-03
    days on market $150,000 Active 329 DOM
13. 2026-06-02
    days on market $150,000 Active 328 DOM
14. 2026-06-01
    days on market $150,000 Active 327 DOM
15. 2026-05-31
    days on market $150,000 Active 326 DOM
16. 2026-03-28
    price $198,180 483-char remark

    Show marketing remark (483 chars)

    This 3-bedroom, 1.5-bathroom home is bursting with potential and ready for your personal touch! Featuring oversized living spaces with soaring vaulted ceilings, this home offers the perfect canvas to create your dream space. Whether you're a first-time buyer or an investor, a little TLC will go a long way in transforming this property into something truly special. Don’t miss out on this incredible opportunity—schedule your showing today and imagine the possibilities!

17. 2026-01-23
    price $205,000 483-char remark

    Show marketing remark (483 chars)

    This 3-bedroom, 1.5-bathroom home is bursting with potential and ready for your personal touch! Featuring oversized living spaces with soaring vaulted ceilings, this home offers the perfect canvas to create your dream space. Whether you're a first-time buyer or an investor, a little TLC will go a long way in transforming this property into something truly special. Don’t miss out on this incredible opportunity—schedule your showing today and imagine the possibilities!

18. 2025-11-22
    price $210,000 483-char remark

    Show marketing remark (483 chars)

    This 3-bedroom, 1.5-bathroom home is bursting with potential and ready for your personal touch! Featuring oversized living spaces with soaring vaulted ceilings, this home offers the perfect canvas to create your dream space. Whether you're a first-time buyer or an investor, a little TLC will go a long way in transforming this property into something truly special. Don’t miss out on this incredible opportunity—schedule your showing today and imagine the possibilities!

19. 2025-10-31
    price $214,700 483-char remark

    Show marketing remark (483 chars)

    This 3-bedroom, 1.5-bathroom home is bursting with potential and ready for your personal touch! Featuring oversized living spaces with soaring vaulted ceilings, this home offers the perfect canvas to create your dream space. Whether you're a first-time buyer or an investor, a little TLC will go a long way in transforming this property into something truly special. Don’t miss out on this incredible opportunity—schedule your showing today and imagine the possibilities!

20. 2025-10-03
    price $219,900 483-char remark

    Show marketing remark (483 chars)

    This 3-bedroom, 1.5-bathroom home is bursting with potential and ready for your personal touch! Featuring oversized living spaces with soaring vaulted ceilings, this home offers the perfect canvas to create your dream space. Whether you're a first-time buyer or an investor, a little TLC will go a long way in transforming this property into something truly special. Don’t miss out on this incredible opportunity—schedule your showing today and imagine the possibilities!

21. 2025-09-04
    price $227,500 483-char remark

    Show marketing remark (483 chars)

    This 3-bedroom, 1.5-bathroom home is bursting with potential and ready for your personal touch! Featuring oversized living spaces with soaring vaulted ceilings, this home offers the perfect canvas to create your dream space. Whether you're a first-time buyer or an investor, a little TLC will go a long way in transforming this property into something truly special. Don’t miss out on this incredible opportunity—schedule your showing today and imagine the possibilities!

22. 2025-08-08
    price $229,900 483-char remark

    Show marketing remark (483 chars)

    This 3-bedroom, 1.5-bathroom home is bursting with potential and ready for your personal touch! Featuring oversized living spaces with soaring vaulted ceilings, this home offers the perfect canvas to create your dream space. Whether you're a first-time buyer or an investor, a little TLC will go a long way in transforming this property into something truly special. Don’t miss out on this incredible opportunity—schedule your showing today and imagine the possibilities!

23. 2025-07-18
    price $235,000 483-char remark

    Show marketing remark (483 chars)

    This 3-bedroom, 1.5-bathroom home is bursting with potential and ready for your personal touch! Featuring oversized living spaces with soaring vaulted ceilings, this home offers the perfect canvas to create your dream space. Whether you're a first-time buyer or an investor, a little TLC will go a long way in transforming this property into something truly special. Don’t miss out on this incredible opportunity—schedule your showing today and imagine the possibilities!

24. 2025-07-09
    listed $237,000 Active 483-char remark

    Show marketing remark (483 chars)

    This 3-bedroom, 1.5-bathroom home is bursting with potential and ready for your personal touch! Featuring oversized living spaces with soaring vaulted ceilings, this home offers the perfect canvas to create your dream space. Whether you're a first-time buyer or an investor, a little TLC will go a long way in transforming this property into something truly special. Don’t miss out on this incredible opportunity—schedule your showing today and imagine the possibilities!

25. 2025-07-09
    historical

    Show marketing remark (483 chars)

    This 3-bedroom, 1.5-bathroom home is bursting with potential and ready for your personal touch! Featuring oversized living spaces with soaring vaulted ceilings, this home offers the perfect canvas to create your dream space. Whether you're a first-time buyer or an investor, a little TLC will go a long way in transforming this property into something truly special. Don’t miss out on this incredible opportunity—schedule your showing today and imagine the possibilities!

26. 2025-06-27
    price $237,000
27. 2025-05-22
    listed $245,000 Active
28. 2015-12-16
    soldstatus
29. 2015-08-27
    historical
30. 2015-08-07
    status Active
31. 2015-07-27
    status Option Pending
32. 2015-06-03
    price $95,000
33. 2015-04-17
    listed $106,000 Active
34. 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: $4,324 · $360/mo
• Projected year-2 tax: $4,324 · $360/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) · 12% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥110°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: $22,972
• − Mortgage interest: −$8,402
• − Property taxes: −$4,324
• − Insurance: −$750
• − Repairs & maintenance: −$1,838
• − Management: −$1,838
• − Depreciation: −$4,364
• Taxable income: $1,456
• Est. tax owed @ 24.0%: −$349
• After-tax cash flow: $3,284/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: Aldine ISD
• NCES district ID: 4807710
• Math proficiency: 16% ▼ -23.00%
• Reading proficiency: 21% ▼ -11.00%
• Median HH income: $37,081
• Composite: 15.42/100
• National rank: #9317
• State rank: #790 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

• County: Harris County · 4,702,590 people
• City population: 3,226,434
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 32,637
• Household income: $57,232
• Rent vs Own: 42.4% rent · 57.6% own
• Severe rent burden: 1038.0

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 (70%)
• Race & ethnicity: Hispanic / Latino 70% Two or more races 23% Black 21% Asian 4% White 3%
• Hispanic origin (detail): Mexican 52% Puerto Rican 1% Cuban 1%
• Foreign-born: 36% · Canada, Vietnam
• Languages at home: 32% English-only · Spanish 64% Vietnamese 3% Other Asian/Pacific 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: ▼ -69.18%
• Current HPI: 277.0068
• Rent YoY: —
• 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

+87.0% since first listed

19 events — show timeline

• 2026-03-28 Price Changed $198,180 HARMLS
• 2026-01-23 Price Changed $205,000 HARMLS
• 2025-11-22 Price Changed $210,000 HARMLS
• 2025-10-31 Price Changed $214,700 HARMLS
• 2025-10-03 Price Changed $219,900 HARMLS
• 2025-09-04 Price Changed $227,500 HARMLS
• 2025-08-08 Price Changed $229,900 HARMLS
• 2025-07-18 Price Changed $235,000 HARMLS
• 2025-07-09 Listing Removed — HARMLS
• 2025-07-09 Listed $237,000 HARMLS
• 2025-06-27 Price Changed $237,000 HARMLS
• 2025-05-22 Listed $245,000 HARMLS
• 2015-12-16 Sold (Public Records) — Public Records
• 2015-08-27 Listing Removed — HARMLS
• 2015-08-07 Relisted — HARMLS
• 2015-07-27 Pending — HARMLS
• 2015-06-03 Price Changed $95,000 HARMLS
• 2015-04-17 Listed $106,000 HARMLS
• 1988-01-02 Sold (Public Records) — Public Records

Property tax history

+7.5%/yr

Latest (2025): $4,324 · -0.4% YoY. Source: county tax records.