3113 Anita St · Houston, TX 77004

$139,900

3 bd · 1.5 ba · 1,282 sqft · SingleFamily public records · 39 Days on market

Built 1950 3,192 sqft lot $109/sqft · 37% below area Est $221k · 37% under ↓ 22% 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 +26.1/30.0
• ARV discount +15.0/15.0
• DSCR +8.8/10.0
• 1% rule +8.4/10.0
• Livability +3.7/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Great investment opportunity with great locations. This 3 bedroom, 1 and 1/2 bathroom has a great location near the museum district, medical center and Houston downtown.

Key facts

• Medical center
• Houston downtown
• Museum district

Tags

• INVESTMENT OPPORTUNITY
• MUSEUM DISTRICT
• MEDICAL CENTER
• HOUSTON DOWNTOWN

Property features AI

Finance

• Financial info: Lease not considered
• HOA & community: Community curbs

Exterior

• Parking: No designated parking
• Utilities: Public water; Public sewer
• Home design: Residential property; Faces southwest; Built in 1950; Single-level living area of 1,282
• Construction: Cement siding; Composition roof; Slab foundation
• Exterior features: Concrete road access; Located in a subdivision

Interior

• Kitchen: Gas range; Microwave; Oven
• Bedrooms: 3 total rooms (includes bedrooms and living spaces)
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating (gas); Window cooling units
• Interior features: Primary bedroom has a private bath; Tub/shower combination
• Laundry & utility: Washer hookup; Gas dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $351 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $136k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.3% 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: Blackshear El (math 27% / reading 32%, grade F, #2,525 of 4,322 statewide, top 62%, 308 students, 99% FRL); Cullen Middle (math 6% / reading 14%, grade F, #1,641 of 1,662 statewide, top 99%, 324 students, 100% FRL); Yates H S (math 12% / reading 23%, grade F, #1,451 of 1,632 statewide, top 89%, 851 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 19% at this address vs 31% district-wide (-12 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 (-0.3%/yr); 585 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• This rent runs 32% of the median local income ($71k/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 $967 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 39 days — a 3% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 2y 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: property tax is 2.9% of price; built in 1950 — 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 $135,703 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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. 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: 1.34% ✓
• Cap rate: 9.31%
• Cash-on-cash: 10.76%
• DSCR: 1.48
• GRM: 6.2

CMA / ARV

• ARV (median comp): $220,893
• List price: $139,900
• Delta: -36.67%
• 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
3022 Mcilhenny St	0.27mi	3/2.0	1,319 (+3%)	8mo	$179,900	$136	74
3704 Sauer St	0.42mi	3/2.0	1,232 (-4%)	1mo	$219,900	$178	71
1747 Aden Mist Dr	0.64mi	2/2.0 (-1)	1,283 (+0%)	0mo	$279,000	$217	63
3605 Mcgowen St	0.59mi	3/2.0	1,254 (-2%)	7mo	$205,000	$163	61
3135 Webster St	0.43mi	3/2.0	1,189 (-7%)	12mo	$299,000	$251	56
1723 Aden Dr	0.67mi	2/2.0 (-1)	1,298 (+1%)	13mo	$299,000	$230	49
3313 Sampson St	0.35mi	2/1.5 (-1)	1,092 (-15%)	8mo	$90,000	$82	47
2513 Isabella St	0.68mi	3/1.0	1,176 (-8%)	8mo	$274,299	$233	46
3609 Beulah St	0.58mi	3/2.0	1,427 (+11%)	12mo	$240,000	$168	42
1721 Aden Dr	0.67mi	3/2.5	1,410 (+10%)	12mo	$295,000	$209	38
1774 Aden Dr	0.64mi	2/2.5 (-1)	1,410 (+10%)	8mo	$289,000	$205	38
1773 Aden Dr	0.64mi	2/2.5 (-1)	1,410 (+10%)	10mo	$284,900	$202	36

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: -4.0%
• Equity multiple: 0.86×
• Total profit: $-5,660
• Equity at exit: $20,860

10-year hold

• IRR: 1.4%
• Equity multiple: 1.08×
• Total profit: $3,191
• Equity at exit: $12,096

Cash invested: $39,172 (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 77004

• Rents YoY: -0.3%
• Active inventory: 585
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,872 high
• Mortgage (P&I): −$734
• Tax from tax record: −$336 /mo · $4,026/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$393
• Net cashflow: $351

Break-even live

Break-even rent $1,427

Max offer price $139,900

Occupancy floor 76%

Sensitivity live

Price	-10% $430	-5% $391	+0% $351	+5% $312	+10% $272
Rent	-10% $203	-5% $277	+0% $351	+5% $425	+10% $499
Rate	-1.0pp $422	-0.5pp $387	base $351	+0.5pp $315	+1.0pp $278

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3270 Reeves St Unit 3274 Houston, TX	2.0	1.0	1044	$875	$0.84	26d	1	0.29mi
3229 Holman St Houston, TX	4.0	4.0	1632	$1,200	$0.74	45d	1	0.29mi
3012 Live Oak St Unit A Houston, TX	3.0	2.0	1188	$1,395	$1.17	22d	1	0.39mi
3210 Winbern St Unit B Houston, TX	2.0	1.0	1000	$1,095	$1.09	22d	1	0.41mi
3309 Webster St Unit 1472545P Houston, TX	3.0	2.0	1334	$3,335	$2.50	1d	1	0.48mi
2675 Gray St Houston, TX	1.0–2.0	1.0–2.0	838	$1,057	$1.26	45d	6	0.54mi
3015 Isabella St Houston, TX	3.0	1.0	1452	$1,399	$0.96	1d	1	0.55mi
3719 Elgin St Houston, TX	1.0–5.0	1.0–5.0	1241	$1,374	$1.11	26d	14	0.62mi
3448 Coyle St Unit 3174 Houston, TX	3.0	2.0	1151	$1,199	$1.04	0d	1	0.66mi
3448 Coyle St Unit 2174 Houston, TX	2.0	2.0	1024	$928	$0.91	0d	1	0.66mi
3448 Coyle St Unit 510 Houston, TX	3.0	2.0	1151	$1,215	$1.06	17d	1	0.66mi
3448 Coyle St Unit 2162 Houston, TX	2.0	2.0	1024	$944	$0.92	6d	1	0.66mi
3448 Coyle St Unit 421 Houston, TX	2.0	2.0	1024	$944	$0.92	9d	1	0.66mi
2202 Hutchins St Houston, TX	2.0	2.0	887	$1,500	$1.69	45d	1	0.74mi
2102 Gray St Unit Na Houston, TX	3.0	1.0	1267	$2,200	$1.74	23d	1	0.80mi
2401 Eagle St Houston, TX	4.0	4.0	1700	$2,800	$1.65	45d	1	0.81mi
2311 Eagle St Houston, TX	3.0	4.0	1783	$2,500	$1.40	45d	1	0.84mi
2301 Chenevert St Houston, TX	2.0	2.0	1029	$1,900	$1.85	26d	1	0.93mi
3603 Chenevert St Houston, TX	1.0–2.0	1.0–2.0	1020	$2,129	$2.09	15d	8	0.93mi
1907 Cullen Blvd Houston, TX	2.0	2.0	950	$1,509	$1.59	19d	1	0.95mi
1907 Cullen Blvd Houston, TX	2.0	2.0	950	$1,509	$1.59	22d	1	0.95mi
2216 Chenevert St Houston, TX	1.0–2.0	1.5–2.5	1380	$2,800	$2.03	26d	3	0.95mi
2703 Blodgett St Unit 1047952P Houston, TX	1.0–5.0	1.5–5.5	2497	$12,804	$5.13	0d	2	0.96mi
3609 Chenevert St Houston, TX	2.0	2.0	1168	$1,749	$1.50	23d	1	0.96mi
3609 Chenevert St Houston, TX	2.0	2.0	1168	$1,749	$1.50	21d	1	0.96mi
2319 Rosewood St Unit A Houston, TX	3.0	1.0	1333	$1,515	$1.14	26d	1	0.96mi
2425 Bell St Houston, TX	2.0	1.0–2.0	860	$2,806	$3.26	1d	72	0.97mi
1920 Hamilton St Houston, TX	2.0	2.0	1117	$2,160	$1.93	45d	1	1.00mi
1800 Saint Joseph Pkwy Unit 2165 Houston, TX	2.0	2.0	1117	$1,729	$1.55	0d	1	1.01mi
1800 Saint Joseph Pkwy Unit 2187 Houston, TX	2.0	2.0	1117	$1,770	$1.58	0d	1	1.01mi
1800 Saint Joseph Pkwy Unit 2187 Houston, TX	2.0	2.0	1117	$1,780	$1.59	6d	1	1.01mi
2401 Crawford St Unit A210 Houston, TX	2.0	2.5	963	$2,800	$2.91	26d	1	1.01mi
1800 Saint Joseph Pkwy Houston, TX	2.0	2.0	1029	$1,900	$1.85	45d	1	1.01mi
1800 Saint Joseph Pkwy Unit 1837 Houston, TX	2.0	2.0	1117	$1,769	$1.58	12d	1	1.01mi
1800 St Joseph Pkwy Houston, TX	1.0–2.0	1.0–2.0	950	$1,900	$2.00	9d	3	1.01mi
2615 Arbor St Unit 1047947P Houston, TX	2.0	2.0	1194	$2,342	$1.96	0d	1	1.07mi
2615 Arbor St Unit 1047942P Houston, TX	2.0	2.0	1194	$2,742	$2.30	23d	1	1.07mi
3237 Rosedale St #4 Houston, TX	2.0	1.0	1000	$1,600	$1.60	12d	1	1.08mi
2340 Polk St Unit EEL1 Houston, TX	2.0	2.0	1053	$1,775	$1.69	45d	1	1.09mi
2511 Arbor St Houston, TX	2.0	1.0	1368	$2,450	$1.79	12d	1	1.10mi

Listing history 31 events

1. 2026-06-21
   days on market $139,900 Active 39 DOM
2. 2026-06-18
   days on market $139,900 Active 36 DOM
3. 2026-06-17
   days on market $139,900 Active 35 DOM
4. 2026-06-16
   days on market $139,900 Active 34 DOM
5. 2026-06-15
   days on market $139,900 Active 33 DOM
6. 2026-06-13
   days on market $139,900 Active 31 DOM
7. 2026-06-10
   days on market $139,900 Active 27 DOM
8. 2026-06-08
   days on market $139,900 Active 26 DOM
9. 2026-06-07
   days on market $139,900 Active 25 DOM
10. 2026-06-04
    days on market $139,900 Active 22 DOM
11. 2026-06-01
    days on market $139,900 Active 19 DOM
12. 2026-05-31
    days on market $139,900 Active 18 DOM
13. 2026-05-13
    listed $139,900 Active 169-char remark
14. 2026-04-22
    historical
15. 2026-01-26
    listed $139,900 Active
16. 2026-01-26
    historical
17. 2025-12-19
    listed $139,900 Active
18. 2025-12-19
    historical
19. 2025-10-30
    price $139,900
20. 2025-02-03
    status Active
21. 2025-01-31
    historical
22. 2024-12-30
    status Active
23. 2024-12-26
    historical
24. 2024-09-26
    price $155,000
25. 2024-09-26
    status Active
26. 2024-09-24
    historical
27. 2024-09-05
    status Active
28. 2024-08-28
    status Option Pending
29. 2024-07-02
    listed $180,000 Active
30. 1988-01-02
    soldstatus
31. 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: $4,026 · $336/mo
• Projected year-2 tax: $4,026 · $336/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 5/10 Major FEMA zone X (unshaded) · 66% 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: $22,461
• − Mortgage interest: −$7,837
• − Property taxes: −$4,026
• − Insurance: −$700
• − Repairs & maintenance: −$1,797
• − Management: −$1,797
• − Depreciation: −$4,070
• Taxable income: $2,235
• Est. tax owed @ 24.0%: −$536
• After-tax cash flow: $3,678/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): 35,997
• Household income: $71,199
• Rent vs Own: 61.8% rent · 38.2% own
• Severe rent burden: 3072.0

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 0.68)
• Race & ethnicity: Black 48% White 27% Hispanic / Latino 13% Two or more races 11% Asian 8%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Lithuanian 1% Romanian 1% Italian 1%
• Foreign-born: 14% · Canada, China, South Korea
• Languages at home: 82% English-only · Spanish 10% Chinese 2% Other Indo-European 2%

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: ▼ -139.34%
• Current HPI: 199.6066
• Rent YoY: ▼ -0.32%
• 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

-22.3% since first listed

19 events — show timeline

• 2026-05-13 Listed $139,900 HARMLS
• 2026-04-22 Listing Removed — HARMLS
• 2026-01-26 Listing Removed — HARMLS
• 2026-01-26 Listed $139,900 HARMLS
• 2025-12-19 Listing Removed — HARMLS
• 2025-12-19 Listed $139,900 HARMLS
• 2025-10-30 Price Changed $139,900 HARMLS
• 2025-02-03 Relisted — HARMLS
• 2025-01-31 Listing Removed — HARMLS
• 2024-12-30 Relisted — HARMLS
• 2024-12-26 Listing Removed — HARMLS
• 2024-09-26 Price Changed $155,000 HARMLS
• 2024-09-26 Relisted — HARMLS
• 2024-09-24 Listing Removed — HARMLS
• 2024-09-05 Relisted — HARMLS
• 2024-08-28 Pending — HARMLS
• 2024-07-02 Listed $180,000 HARMLS
• 1988-01-02 Sold (Public Records) — Public Records
• 1988-01-02 Sold (Public Records) — Public Records

Property tax history

+8.0%/yr

Latest (2025): $4,026 · +14.4% YoY. Source: county tax records.