7424 Rusk St · Houston, TX 77011

$335,000

2 bd · 1.0 ba · 1,104 sqft · SingleFamily public records · 9 Days on market

Built 1948 5,000 sqft lot Est $227k · 47% 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).

• Appreciation +10.0/10.0
• Livability +3.7/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Cash flow +1.9/30.0
• Rent growth +1.8/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• ARV discount +0.0/15.0

Listing remarks

The main house has 3 bedrooms and 2 bathrooms, with a spacious living area that’s brightened by large windows and a ceiling fan for added comfort. The kitchen features a subway tile backsplash, quartz countertops, and plenty of cabinet space. The bedrooms are all equipped with ceiling fan lights and big windows for plenty of natural light. There is also a SECOND HOUSE AT THE BACK OF THE PROPERTY with 2 bedrooms and 1 bathroom, plus its own living area and kitchen, making it perfect for guests or as a rental. Outside, there’s an attached wood deck that’s great for relaxing or entertaining. This property offers plenty of space with a fresh, modern feel throughout.

Key facts

• Large windows
• Quartz countertops
• Ceiling fan

Tags

• LARGE WINDOWS
• CEILING FAN
• SUBWAY TILE BACKSPLASH
• QUARTZ COUNTERTOPS
• PLENTY OF CABINET SPACE
• ATTACHED WOOD DECK

Property features AI

Exterior

• Parking: Detached garage (1 car)
• Utilities: Public water; Public sewer
• Home design: Residential property; Built in 1948
• Construction: Wood siding exterior; Block foundation; Shingle and wood roof
• Exterior features: Subdivision lot; Lot approximately 5,000 square feet

Interior

• Bedrooms: Primary bedroom on the first floor (13 x 11); Two additional first-floor bedrooms (13 x 11 and 9 x 9); Two second-floor bedrooms (14 x 10 and 13 x 9)
• Bathrooms: Three full bathrooms
• Heating & cooling: Window unit cooling
• Interior features: Five total rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $335k.

Deal economics

• At list price, monthly cash flow is $-1k ($-15k/yr) — negative.
• To cash-flow at today's rent, offer at most $113k (66.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $126k (62.4% below list).
• Recommended offer: $113k (66.3% below list) — sets the bar for cash-flow.
• Cap rate 1.8% vs local median 3.2% in Houston — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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: Edison Middle (math 12% / reading 16%, grade F, #1,596 of 1,662 statewide, top 96%, 460 students, 96% FRL); Austin H S (math 9% / reading 18%, grade F, #1,530 of 1,632 statewide, top 94%, 1,448 students, 97% FRL) — zoned schools average 97% FRL vs 71% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 14% at this address vs 31% district-wide (-17 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 (-2.9%/yr); 161 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% 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).

Forward outlook

• In year one you build about $36k of equity ($2k loan paydown + $34k appreciation (10.0% local appreciation)).
• Harris County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$58k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 3y 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: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate 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 $113,058 (66.3% 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 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
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: 0.38% ✗
• Cap rate: 1.79%
• Cash-on-cash: -16.07%
• DSCR: 0.28
• GRM: 22.2

CMA / ARV

• ARV (on-the-fly): $227,424
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
413 S 72 Nd St	0.28mi	3/1.0 (+1)	1,036 (-6%)	3mo	$180,000	$174	69
1836 Matamoras St	0.47mi	2/1.0	1,035 (-6%)	8mo	$219,000	$212	61
7337 Avenue I	0.61mi	2/2.0	1,101 (-0%)	10mo	$299,000	$272	59
7204 Avenue E	0.44mi	3/2.0 (+1)	1,139 (+3%)	9mo	$234,900	$206	58
7201 Avenue I	0.66mi	2/1.0	1,066 (-3%)	9mo	$181,999	$171	56
7815 Dayton St	0.55mi	2/1.0	1,012 (-8%)	8mo	$144,900	$143	54
7559 Erath St	0.64mi	3/1.0 (+1)	1,035 (-6%)	2mo	$255,000	$246	53
7637 Avenue C	0.45mi	3/2.0 (+1)	1,077 (-2%)	17mo	$237,000	$220	52
7615 Avenue F	0.53mi	2/2.5	993 (-10%)	2mo	$179,999	$181	51
1939 Alta Vista St	0.67mi	2/1.0	1,212 (+10%)	5mo	$259,500	$214	49
7567 Satsuma St	0.69mi	3/1.0 (+1)	1,050 (-5%)	13mo	$175,000	$167	44
7409 Avenue K	0.71mi	2/2.0	1,232 (+12%)	6mo	$239,500	$194	38

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

Projected returns pro-forma

10.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 12.7%
• Equity multiple: 2.05×
• Total profit: $98,722
• Equity at exit: $301,795

10-year hold

• IRR: 12.8%
• Equity multiple: 4.70×
• Total profit: $347,001
• Equity at exit: $650,831

Cash invested: $93,800 (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 77011

• Home prices YoY: 30.1%
• Rents YoY: -2.9%
• Active inventory: 161
• Price-to-rent: 22.2×

Monthly cashflow live

• Estimated rent: $1,259 high
• Mortgage (P&I): −$1,757
• Tax from tax record: −$354 /mo · $4,252/yr
• Insurance: −$140
• HOA: −$0
• Vacancy / Maint / Mgmt: −$264
• Net cashflow: $-1,256

Break-even live

Break-even rent $2,849

Max offer price $113,058

Occupancy floor —

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: $83,750
• Closing costs: $10,050
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7520 Avenue C Houston, TX	1.0–2.0	1.0–2.0	745	$1,313	$1.76	43d	31	0.32mi
7310 Sherman St Houston, TX	1.0–3.0	1.0–2.0	879	$1,299	$1.48	2d	7	0.34mi
7250 Avenue C Houston, TX	1.0–3.0	1.0–2.0	886	$1,415	$1.60	1d	14	0.36mi
217 N 72nd St Houston, TX	2.0	2.0	1017	$1,525	$1.50	43d	1	0.42mi
7530 Canal St Unit 12 Houston, TX	2.0	1.0	825	$1,025	$1.24	4d	1	0.53mi
7530 Canal St Houston, TX	2.0	1.0	825	$988	$1.20	12d	2	0.53mi
7530 Canal St Houston, TX	2.0	1.0	825	$938	$1.14	17d	2	0.53mi
503 71st St Houston, TX	1.0	1.0	700	$850	$1.21	43d	1	0.60mi
505 N 71st St Unit B Houston, TX	1.0	1.0	700	$800	$1.14	43d	1	0.60mi
507 N 71st St Unit D Houston, TX	1.0	1.0	700	$800	$1.14	43d	1	0.61mi
7046 Avenue F Unit F Houston, TX	1.0	1.0	700	$800	$1.14	43d	1	0.62mi
812 Maltby St Houston, TX	2.0	1.0	860	$600	$0.70	43d	1	0.77mi
7043 Avenue L Houston, TX	3.0	2.0	999	$1,845	$1.85	43d	1	0.89mi
7132 Lawndale St Houston, TX	1.0–2.0	1.0	725	$1,296	$1.79	2d	7	0.92mi
1016 S Wayside Dr Houston, TX	3.0	2.0	1021	$1,425	$1.40	43d	1	0.94mi
6526 Jamail Dr Houston, TX	2.0	2.0	1025	$1,449	$1.41	43d	1	0.98mi
1010 S Wayside Dr Houston, TX	1.0	1.0	700	$1,255	$1.79	43d	1	1.00mi
1010 S Wayside Dr Unit 505 Houston, TX	2.0	1.0	844	$1,602	$1.90	43d	1	1.01mi
1010 S Wayside Dr Unit 504 Houston, TX	2.0	1.0	844	$1,398	$1.66	43d	1	1.01mi
1010 S Wayside Dr Unit 402 Houston, TX	2.0	2.0	950	$1,659	$1.75	43d	1	1.01mi
6620 Lawndale St Houston, TX	2.0	1.0	901	$1,700	$1.89	43d	1	1.01mi
6520 Jamail Dr Houston, TX	2.0	2.0	1025	$1,504	$1.47	2d	4	1.01mi
6707 Avenue F Unit F Houston, TX	1.0	1.0	714	$1,250	$1.75	43d	1	1.02mi
956 Villa De Matel Rd Houston, TX	2.0	1.0	928	$1,039	$1.12	21d	1	1.04mi
956 Villa De Matel Rd Houston, TX	2.0	1.0	928	$1,039	$1.12	24d	1	1.04mi
956 Villa De Matel Rd Houston, TX	1.0	1.0	736	$899	$1.22	17d	1	1.04mi
956 Villa De Matel Rd Houston, TX	1.0	1.0	736	$899	$1.22	43d	1	1.04mi
916 Redwood St Houston, TX	2.0	1.0	975	$985	$1.01	43d	1	1.05mi
916 Redwood St Houston, TX	2.0	1.0	975	$985	$1.01	21d	1	1.05mi
916 Redwood St Houston, TX	3.0	1.0	1209	$1,140	$0.94	24d	1	1.05mi
6601 Meadowlawn St Unit 3 Houston, TX	1.0	1.0	785	$989	$1.26	18d	1	1.06mi
960 Villa De Matel Rd Houston, TX	2.0	1.0	1056	$1,129	$1.07	24d	1	1.07mi
6403 Avenue C Unit 1019625P Houston, TX	2.0–8.0	1.0–4.0	1232	$2,478	$2.01	2d	2	1.24mi
6602 Avenue R Unit D Houston, TX	2.0	1.0	830	$1,235	$1.49	7d	1	1.48mi

Listing history 7 events

1. 2026-06-18
   days on market $335,000 Active 9 DOM
2. 2026-06-17
   days on market $335,000 Active 8 DOM
3. 2026-06-16
   days on market $335,000 Active 7 DOM
4. 2026-06-15
   days on market $335,000 Active 6 DOM
5. 2026-06-13
   days on market $335,000 Active 4 DOM
6. 2026-06-10
   remarks 670-char remark
7. 2026-06-10
   listed $335,000 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: $4,252 · $354/mo
• Projected year-2 tax: $6,130 · $511/mo
• Expected delta: +$1,878/yr (+$157/mo · 44.2%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 24% 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,104
• − Mortgage interest: −$18,765
• − Property taxes: −$4,252
• − Insurance: −$1,675
• − Repairs & maintenance: −$1,208
• − Management: −$1,208
• − Depreciation: −$9,745
• Taxable loss: −$21,750
• Est. tax savings @ 24.0%: +$5,220
• After-tax cash flow: $-9,856/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): 14,940
• Household income: $50,133
• Rent vs Own: 47.8% rent · 52.2% own
• Severe rent burden: 655.0

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 (88%)
• Race & ethnicity: Hispanic / Latino 88% Two or more races 29% White 7% Black 3%
• Hispanic origin (detail): Mexican 81%
• Foreign-born: 33% · Canada
• Languages at home: 24% English-only · Spanish 76%

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: ▲ 68.18%
• Current HPI: 295.1198
• Rent YoY: ▼ -2.93%
• 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

+39.6% since first listed

37 events — show timeline

• 2026-06-09 Listed $335,000 HARMLS
• 2025-04-14 Listing Removed — HARMLS
• 2025-03-17 Price Changed $300,000 HARMLS
• 2025-03-17 Price Changed $285,000 HARMLS
• 2025-03-17 Price Changed $300,000 HARMLS
• 2025-03-12 Price Changed $285,000 HARMLS
• 2025-02-21 Listing Removed — HARMLS
• 2025-02-21 Listed $300,000 HARMLS
• 2025-02-17 Listing Removed — HARMLS
• 2025-02-17 Listed $300,000 HARMLS
• 2025-02-14 Listed $300,000 HARMLS
• 2025-02-13 Coming Soon — HARMLS
• 2025-02-13 Listing Removed — HARMLS
• 2025-01-20 Listing Removed — HARMLS
• 2025-01-20 Listed $325,000 HARMLS
• 2025-01-13 Listed $340,000 HARMLS
• 2025-01-13 Price Changed $340,000 HARMLS
• 2025-01-06 Coming Soon — HARMLS
• 2024-11-12 Sold (Public Records) — Public Records
• 2024-11-07 Listing Removed — HARMLS
• 2024-11-07 Sold (MLS) — HARMLS
• 2024-10-29 Pending — HARMLS
• 2024-10-23 Pending — HARMLS
• 2024-10-21 Price Changed $205,000 HARMLS
• 2024-09-26 Relisted — HARMLS
• 2024-09-18 Pending — HARMLS
• 2024-09-13 Listed $215,000 HARMLS
• 2024-09-11 Coming Soon $215,000 HARMLS
• 2024-03-06 Listing Removed — HARMLS
• 2024-03-04 Relisted — HARMLS
• 2024-03-01 Pending — HARMLS
• 2024-02-26 Pending — HARMLS
• 2024-02-26 Pending — HARMLS
• 2024-02-16 Pending — HARMLS
• 2023-09-27 Price Changed $220,000 HARMLS
• 2023-09-04 Listed $240,000 HARMLS
• 1994-05-09 Sold (Public Records) — Public Records

Property tax history

+5.9%/yr

Latest (2025): $4,252 · +1.5% YoY. Source: county tax records.