24407 Strong Pine Dr · Houston, TX 77336

$149,900

3 bd · 2.5 ba · 1,572 sqft · SingleFamily public records · 9 Days on market

Built 2003 5,893 sqft lot Est $239k · 37% 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 +26.0/30.0
• ARV discount +15.0/15.0
• 1% rule +8.8/10.0
• DSCR +8.8/10.0
• Livability +3.7/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.7/10.0

Listing remarks

Opportunity knocks in Lakewood Village Estates! This 3-bedroom, 2.5-bath home offers great bones, a smart layout, and tons of potential just minutes from Lake Houston. Featuring a brick front, covered entry, and a long-lasting metal roof, this home is ready for its next chapter. Inside, enjoy high ceilings, a cozy gas fireplace, and laminate flooring throughout the main living areas. The kitchen opens to a bright breakfast nook with bay windows and comes fully equipped with appliances. Upstairs, the primary suite offers vaulted ceilings, a sitting area, and a spacious ensuite bath with garden tub and separate shower, along with two additional bedrooms include ceiling fans and generous space

Key facts

• Laminate flooring
• Metal roof
• Brick front

Tags

• BRICK FRONT
• COVERED ENTRY
• METAL ROOF
• LAMINATE FLOORING
• BRIGHT BREAKFAST NOOK
• BAY WINDOWS

Property features AI

Finance

• HOA & community: Neighborhood features include curbs and gutters

Exterior

• Parking: Attached 2-car garage; Driveway; Garage with garage door opener
• Security: Owned security system
• Utilities: Public water; Public sewer
• Home design: Residential property; Full ownership; Living area reported; Entry level rooms on first and second floors
• Construction: Built in 2003; Brick construction; Metal roof; Slab foundation
• Exterior features: Subdivision lot; Concrete road/driveway

Interior

• Kitchen: Dishwasher; Disposal; Gas oven; Gas range; Microwave
• Bedrooms: Primary bedroom on second level (16 x 13); Two additional bedrooms on second level (each 10 x 10); Total rooms: 10
• Flooring: Laminate; Plank; Vinyl
• Bathrooms: Two full bathrooms; One half bathroom; Second-level baths include: 10 x 5 and 8 x 9 (dimensions provided)
• Heating & cooling: Central heating (gas); Central electric air conditioning
• Interior features: Gas log fireplace (1); Bath in primary bedroom; Soaking tub; Separate shower; Tub/shower; Window treatments/window coverings; Ceiling fans; Kitchen/dining combo
• Laundry & utility: Washer hookup; Electric dryer hookup; Gas dryer hookup; Utility room on first level (5 x 7)

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $375 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• 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.
• Huffman ISD (rural): math 32% / reading 35% proficiency, ranked #500 of 826 in TX (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Huffman Middle (math 36% / reading 32%, grade F, #892 of 1,662 statewide, top 55%, 907 students, 42% FRL); Hargrave H S (math 31% / reading 46%, grade F, #866 of 1,632 statewide, top 54%, 1,125 students, 36% FRL) — zoned schools at 39% FRL track the district average.
• Market conditions: 587 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 83% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).

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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 sale attempts since 20y 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 3.3% 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 $149,900

Questions for the listing agent

1. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.38% ✓
• Cap rate: 9.30%
• Cash-on-cash: 10.73%
• DSCR: 1.48
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $238,944
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
24712 Stablewood Forest Ct	0.50mi	3/2.5	1,556 (-1%)	0mo	$180,000	$116	75
24034 E Lake Houston Pkwy	0.41mi	3/2.0	1,558 (-1%)	4mo	$255,999	$164	74
513 Emerald Thicket Ln	0.47mi	3/2.5	1,647 (+5%)	1mo	$249,990	$152	69
723 Pas Trl	0.12mi	3/2.0	1,365 (-13%)	4mo	$220,000	$161	67
24705 Sonora Crescent Cir	0.44mi	3/2.0	1,689 (+7%)	3mo	$288,990	$171	63
24402 Lightwoods Dr	0.63mi	3/2.0	1,607 (+2%)	3mo	$254,900	$159	63
331 Cherry Valley Dr	0.56mi	3/2.0	1,495 (-5%)	2mo	$185,000	$124	62
24414 Whitesail Dr	0.56mi	3/2.0	1,663 (+6%)	3mo	$193,200	$116	60
24702 Stablewood Frst	0.50mi	3/3.0	1,774 (+13%)	2mo	$254,990	$144	52
24506 Fir Ridge Ct	0.59mi	3/2.5	1,351 (-14%)	1mo	$165,600	$123	48
304 Emerald Thicket Ln	0.69mi	3/2.0	1,427 (-9%)	5mo	$224,990	$158	46
24702 Windward Birch Ln	0.72mi	3/3.0	1,774 (+13%)	2mo	$254,990	$144	41

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: -0.1%
• Equity multiple: 0.99×
• Total profit: $-226
• Equity at exit: $22,351

10-year hold

• IRR: 9.6%
• Equity multiple: 1.74×
• Total profit: $31,260
• Equity at exit: $12,961

Cash invested: $41,972 (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 77336

• Home prices YoY: -1.8%
• Active inventory: 587
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $2,071 high
• Mortgage (P&I): −$786
• Tax from tax record: −$413 /mo · $4,950/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$435
• Net cashflow: $375

Break-even live

Break-even rent $1,596

Max offer price $149,900

Occupancy floor 77%

Sensitivity live

Price	-10% $460	-5% $418	+0% $375	+5% $333	+10% $290
Rent	-10% $212	-5% $293	+0% $375	+5% $457	+10% $539
Rate	-1.0pp $451	-0.5pp $413	base $375	+0.5pp $336	+1.0pp $297

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
24719 Colony Meadow Trl Huffman, TX	4.0	2.0	1613	$2,200	$1.36	44d	1	0.30mi
24730 Russet Bluff Trl Huffman, TX	4.0	2.0	1604	$2,150	$1.34	0d	1	0.31mi
24118 Grey Fox Dr Huffman, TX	3.0	2.0	1543	$1,425	$0.92	44d	1	0.35mi
408 Emerald Thicket Ln Huffman, TX	3.0	2.5	1755	$2,200	$1.25	44d	1	0.56mi
24523 Whitesail Dr Huffman, TX	3.0	2.0	1512	$1,800	$1.19	44d	1	0.69mi
24527 Lightwoods Dr Huffman, TX	4.0	2.0	2095	$2,100	$1.00	44d	1	0.81mi

Listing history 29 events

1. 2026-04-17
   status Pending
2. 2026-04-14
   historical $1,875
3. 2026-04-08
   listed $149,900 Active
4. 2026-02-09
   listed $1,875
5. 2024-02-23
   historical $1,750
6. 2024-01-07
   listed $1,750
7. 2024-01-06
   historical
8. 2023-10-16
   price $235,000
9. 2023-10-06
   listed $245,000 Active
10. 2023-10-05
    historical
11. 2023-08-17
    price $248,000
12. 2023-08-11
    status Active
13. 2023-08-04
    status Option Pending
14. 2023-07-21
    listed $255,000 Active
15. 2022-01-12
    soldstatus
16. 2022-01-07
    soldstatus Sold
17. 2021-11-27
    status Pending
18. 2021-11-18
    status Option Pending
19. 2021-11-02
    listed $219,900 Active
20. 2015-10-15
    soldstatus Sold
21. 2015-09-24
    status Pending
22. 2015-09-12
    status Option Pending
23. 2015-09-06
    listed $134,900 Active
24. 2006-05-26
    historical
25. 2006-04-29
    listed $117,500
26. 2004-09-17
    soldstatus
27. 2003-12-23
    soldstatus
28. 2003-11-10
    soldstatus
29. 1999-11-10
    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: $4,950 · $413/mo
• Projected year-2 tax: $4,950 · $413/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 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥112°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: $24,854
• − Mortgage interest: −$8,397
• − Property taxes: −$4,950
• − Insurance: −$750
• − Repairs & maintenance: −$1,988
• − Management: −$1,988
• − Depreciation: −$4,361
• Taxable income: $2,420
• Est. tax owed @ 24.0%: −$581
• After-tax cash flow: $3,921/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: Huffman ISD
• NCES district ID: 4823820
• Math proficiency: 32% ▼ -9.00%
• Reading proficiency: 35% ▼ -9.00%
• Median HH income: $65,848
• Composite: 30.61/100
• National rank: #6195
• State rank: #500 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): 14,342
• Household income: $96,404
• Rent vs Own: 21.8% rent · 78.2% own
• Severe rent burden: 377.0

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 White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 23% Two or more races 9% Black 5% Native American 4%
• Hispanic origin (detail): Mexican 20%
• Common ancestry: Lithuanian 4% Slovak 2% Romanian 2%
• Foreign-born: 9% · Canada
• Languages at home: 79% English-only · Spanish 18% 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: ▼ -8.59%
• Current HPI: 472.03
• 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

-98.4% since first listed

29 events — show timeline

• 2026-04-17 Pending — HARMLS
• 2026-04-14 Rental Removed $1,875 HARMLS
• 2026-04-08 Listed $149,900 HARMLS
• 2026-02-09 Listed for Rent $1,875 HARMLS
• 2024-02-23 Rental Removed $1,750 HARMLS
• 2024-01-07 Listed for Rent $1,750 HARMLS
• 2024-01-06 Listing Removed — HARMLS
• 2023-10-16 Price Changed $235,000 HARMLS
• 2023-10-06 Listed $245,000 HARMLS
• 2023-10-05 Listing Removed — HARMLS
• 2023-08-17 Price Changed $248,000 HARMLS
• 2023-08-11 Relisted — HARMLS
• 2023-08-04 Pending — HARMLS
• 2023-07-21 Listed $255,000 HARMLS
• 2022-01-12 Sold (Public Records) — Public Records
• 2022-01-07 Sold (MLS) — HARMLS
• 2021-11-27 Pending — HARMLS
• 2021-11-18 Pending — HARMLS
• 2021-11-02 Listed $219,900 HARMLS
• 2015-10-15 Sold (MLS) — HARMLS
• 2015-09-24 Pending — HARMLS
• 2015-09-12 Pending — HARMLS
• 2015-09-06 Listed $134,900 HARMLS
• 2006-05-26 Listing Removed — HARMLS
• 2006-04-29 Listed $117,500 HARMLS
• 2004-09-17 Sold (Public Records) — Public Records
• 2003-12-23 Sold (Public Records) — Public Records
• 2003-11-10 Sold (Public Records) — Public Records
• 1999-11-10 Sold (Public Records) — Public Records

Property tax history

+7.1%/yr

Latest (2025): $4,950 · +10.5% YoY. Source: county tax records.