24210 Hard Wood Dr · Houston, TX 77336

$230,000

3 bd · 2.5 ba · 1,673 sqft · SingleFamily public records · 2 Days on market

Built 1996 4,491 sqft lot Est $254k · 10% under

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Why this score? — see what drove the D- 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).

• ARV discount +11.8/15.0
• Cash flow +8.0/30.0
• 1% rule +3.7/10.0
• Livability +3.7/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.0/10.0
• Appreciation +0.7/10.0

Listing remarks MLS

Beautiful open concept 3 bedroom-2.5 bath home with a loft flex room. Features wood laminate flooring, 2" faux blinds, the roof and entire HVAC unit replaced in early 2018. New windows and exterior doors. Fresh driveway and back patio. The backyard is large and shaded - its a great place for backyard entertainment! The home is conveniently located close to Lake Houston, shopping and entertainment with easy access to Hwy 59N & East Sam Houston Parkway.

Key facts

• Upstairs loft
• Roof replacement
• Hvac system

Tags

• OPEN-CONCEPT FLOOR PLAN
• UPSTAIRS LOFT
• ROOF REPLACEMENT
• HVAC SYSTEM
• LARGE SHADED BACKYARD
• EASY ACCESS TO FM 1960

Property features AI

Finance

• Other: Seller disclosure available
• Financial info: Lease considered

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Residential property; Built in 1996; Single-level primary bedroom with additional bedrooms upstairs; Slab foundation
• Construction: Brick construction; Composition roof
• Exterior features: Located on a cul-de-sac

Interior

• Bedrooms: Primary bedroom on the first floor (approx. 14 x 12); Two additional bedrooms on the second floor (each approx. 11 x 10)
• Bathrooms: Two full bathrooms; One half bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: One fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $-236 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $188k (18.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $199k (13.4% below list).
• Recommended offer: $188k (18.1% below list) — sets the bar for cash-flow.
• Cap rate 5.1% 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 $2k of loan paydown is wiped out by about $7k 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

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 21y 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.
• Current owner paid $73k; list at $230k implies a 215% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $188,342 (18.1% 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. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 0.87% ✗
• Cap rate: 5.06%
• Cash-on-cash: -4.39%
• DSCR: 0.80
• GRM: 9.6

CMA / ARV

• ARV (on-the-fly): $254,296
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
730 Broad Ripple Dr	0.22mi	3/2.0	1,720 (+3%)	7mo	$195,000	$113	77
513 Emerald Thicket Ln	0.65mi	3/2.5	1,647 (-2%)	1mo	$249,990	$152	66
24705 Sonora Crescent Cir	0.61mi	3/2.0	1,689 (+1%)	3mo	$288,990	$171	66
24034 E Lake Houston Pkwy	0.44mi	3/2.0	1,558 (-7%)	4mo	$255,999	$164	62
11919 Walraven Dr	0.69mi	3/2.0	1,640 (-2%)	1mo	$289,900	$177	62
24414 Whitesail Dr	0.73mi	3/2.0	1,663 (-1%)	3mo	$193,200	$116	61
24712 Stablewood Forest Ct	0.68mi	3/2.5	1,556 (-7%)	0mo	$180,000	$116	56
24226 Whitesail Dr	0.61mi	3/2.0	1,594 (-5%)	7mo	$249,000	$156	56
24702 Stablewood Frst	0.68mi	3/3.0	1,774 (+6%)	2mo	$254,990	$144	55
331 Cherry Valley Dr	0.67mi	3/2.0	1,495 (-11%)	2mo	$185,000	$124	47
231 Loon River Dr	0.71mi	3/2.0	1,833 (+10%)	3mo	$314,900	$172	47
509 Emerald Thicket Ln	0.66mi	4/2.5 (+1)	1,918 (+15%)	3mo	$249,990	$130	38

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: -23.6%
• Equity multiple: 0.19×
• Total profit: $-52,124
• Equity at exit: $34,294

10-year hold

• IRR: -18.3%
• Equity multiple: 0.01×
• Total profit: $-64,059
• Equity at exit: $19,886

Cash invested: $64,400 (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: 9.6×

Monthly cashflow live

• Estimated rent: $1,991 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$507 /mo · $6,081/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$418
• Net cashflow: $-236

Break-even live

Break-even rent $2,289

Max offer price $188,342

Occupancy floor —

Sensitivity live

Price	-10% $-106	-5% $-171	+0% $-236	+5% $-301	+10% $-366
Rent	-10% $-393	-5% $-314	+0% $-236	+5% $-157	+10% $-79
Rate	-1.0pp $-120	-0.5pp $-177	base $-236	+0.5pp $-295	+1.0pp $-356

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
24118 Grey Fox Dr Huffman, TX	3.0	2.0	1543	$1,425	$0.92	45d	1	0.19mi
24730 Russet Bluff Trl Huffman, TX	4.0	2.0	1604	$2,150	$1.34	0d	1	0.39mi
24719 Colony Meadow Trl Huffman, TX	4.0	2.0	1613	$2,200	$1.36	45d	1	0.42mi
408 Emerald Thicket Ln Huffman, TX	3.0	2.5	1755	$2,200	$1.25	45d	1	0.73mi
24523 Whitesail Dr Huffman, TX	3.0	2.0	1512	$1,800	$1.19	45d	1	0.84mi
24527 Lightwoods Dr Huffman, TX	4.0	2.0	2095	$2,100	$1.00	45d	1	0.95mi

Listing history 3 events

1. 2026-06-18
   days on market $230,000 Active 2 DOM
2. 2026-06-17
   remarks 699-char remark
3. 2026-06-17
   listed $230,000 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: $6,081 · $507/mo
• Projected year-2 tax: $6,081 · $507/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 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥112°F today · 25 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: $23,892
• − Mortgage interest: −$12,884
• − Property taxes: −$6,081
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,911
• − Management: −$1,911
• − Depreciation: −$6,691
• Taxable loss: −$6,736
• Est. tax savings @ 24.0%: +$1,617
• After-tax cash flow: $-1,213/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
• 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

+215.1% since first listed

31 events — show timeline

• 2026-06-16 Listed $230,000 HARMLS
• 2025-05-20 Rental Removed $1,950 HARMLS
• 2025-04-16 Price Changed $1,950 HARMLS
• 2025-04-05 Listed for Rent $2,000 HARMLS
• 2024-11-21 Sold (Public Records) — Public Records
• 2024-11-20 Sold (MLS) — HARMLS
• 2024-10-10 Pending — HARMLS
• 2024-10-05 Pending — HARMLS
• 2024-09-11 Price Changed $224,999 HARMLS
• 2024-08-19 Price Changed $229,000 HARMLS
• 2024-08-06 Listed $235,000 HARMLS
• 2018-08-30 Sold (Public Records) — Public Records
• 2018-08-29 Sold (MLS) — HARMLS
• 2018-08-09 Pending — HARMLS
• 2018-07-31 Pending — HARMLS
• 2018-07-24 Listed $160,000 HARMLS
• 2015-04-24 Sold (Public Records) — Public Records
• 2015-04-22 Sold (MLS) — HARMLS
• 2015-04-01 Pending — HARMLS
• 2015-03-21 Pending — HARMLS
• 2015-03-04 Listed $129,000 HARMLS
• 2007-09-19 Sold (Public Records) — Public Records
• 2007-09-13 Listing Removed — HARMLS
• 2007-05-03 Listed $115,900 HARMLS
• 2006-06-28 Listing Removed — HARMLS
• 2006-06-05 Listed $114,500 HARMLS
• 2005-03-02 Listed $1,150 HARMLS
• 2005-03-02 Listing Removed — HARMLS
• 2005-01-11 Sold (Public Records) — Public Records
• 1998-07-17 Sold (Public Records) — Public Records
• 1998-07-01 Sold (Public Records) $73,000 Public Records

Property tax history

+4.1%/yr

Latest (2025): $6,081 · +10.8% YoY. Source: county tax records.