26210 Venus Trap Trl · Katy, TX 77493

$324,900

4 bd · 2.0 ba · 1,859 sqft · SingleFamily · 45 Days on market

Built 2026 Good condition 4,774 sqft lot $175/sqft · at area comps Est $340k · at est. $42/mo HOA · 1% of rent ↓ 4% since listing

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Why this score? — see what drove the C- 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 +16.6/30.0
• ARV discount +9.5/15.0
• Schools +5.7/10.0
• DSCR +5.1/10.0
• 1% rule +4.7/10.0
• Condition / age +4.0/5.0
• Livability +3.8/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

The Cumberland floor plan features a front porch entry that leads to the foyer. Just off of the foyer are two spacious secondary bedrooms and a bathroom with a linen closet. Towards the back of the home is the large island kitchen with corner pantry, all open to the dining area and living room - perfect for entertaining. The primary bedroom is roomy with a large shower and a huge walk-in closet. The fourth bedroom is privately set off of the mudroom.

Key facts

• Huge walk-in closet
• Front porch entry
• Living room

Tags

• FRONT PORCH ENTRY
• LARGE ISLAND KITCHEN
• CORNER PANTRY
• DINING AREA
• LIVING ROOM
• HUGE WALK-IN CLOSET

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $325k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $195 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $314k (3.3% below list).
• Recommended offer: $314k (3.3% below list) — sets the bar for 1% rule.
• Cap rate 7.0% vs local median 3.0% in Katy — 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 76/100 on livability (#111 in TX, #3,613 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: crime C-, amenities D, commute F.
• Katy ISD (suburban): math 61% / reading 63% proficiency, ranked #29 of 826 in TX (top 4%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents soft (-0.8%/yr); 2696 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• This rent runs 32% of the median local income ($118k/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 $2k of loan paydown is wiped out by about $10k 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 45 days — a 3% lower offer ($315k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $314,201 (3.3% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.97% ✗
• Cap rate: 7.01%
• Cash-on-cash: 2.57%
• DSCR: 1.11
• GRM: 8.6

CMA / ARV

• ARV (median comp): $340,060
• List price: $324,900
• Delta: -4.46%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
26222 Venus Trap Trl	0.00mi	4/3.0	2,012 (+8%)	1mo	$339,900	$169	82
26247 Venus Trap Trl	0.00mi	3/2.5 (-1)	1,678 (-10%)	1mo	$289,900	$173	76
25307 Ashbourne Ct	0.51mi	3/2.5 (-1)	1,780 (-4%)	13mo	$299,995	$169	52
25302 Benroe St	0.49mi	3/2.5 (-1)	1,693 (-9%)	19mo	$299,995	$177	40
3921 Eula Morgan Rd	0.74mi	3/2.0 (-1)	2,061 (+11%)	8mo	$550,000	$267	36
4614 Dunston Manor St	0.71mi	3/2.0 (-1)	1,675 (-10%)	17mo	$309,995	$185	31
4623 Padbury Manor Ct	0.74mi	4/3.0	2,130 (+15%)	9mo	$349,000	$164	30
25235 Benroe St	0.49mi	3/2.5 (-1)	2,124 (+14%)	20mo	$347,000	$163	29

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: -15.7%
• Equity multiple: 0.46×
• Total profit: $-49,371
• Equity at exit: $48,444

10-year hold

• IRR: -13.7%
• Equity multiple: 0.32×
• Total profit: $-62,297
• Equity at exit: $28,091

Cash invested: $90,972 (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 77493

• Rents YoY: -0.8%
• Active inventory: 2696
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $3,142 medium
• Mortgage (P&I): −$1,704
• Tax est. 1.5%: −$406 /mo · $4,874/yr
• Insurance: −$135
• HOA: −$42
• Vacancy / Maint / Mgmt: −$660
• Net cashflow: $195

Break-even live

Break-even rent $2,895

Max offer price $324,900

Occupancy floor 89%

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: $81,225
• Closing costs: $9,747
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
27035 Beacon Glen Dr Katy, TX	2.0–4.0	2.0–3.0	1890	$3,949	$2.09	1d	16	0.86mi
5006 Sunway Dr Katy, TX	4.0	3.0	2550	$2,500	$0.98	43d	1	0.91mi
27064 Beach Ball Dr Katy, TX	3.0–4.0	2.5–3.5	1705	$2,957	$1.73	1d	25	1.28mi
1495 Twilight Green Dr Katy, TX	3.0	2.5	2000	$2,400	$1.20	43d	1	1.40mi

HOA detail

• Monthly dues: $42 · $504/yr

Listing history 4 events

1. 2026-05-15
   status Pending 454-char remark

   Show marketing remark (454 chars)

   The Cumberland floor plan features a front porch entry that leads to the foyer. Just off of the foyer are two spacious secondary bedrooms and a bathroom with a linen closet. Towards the back of the home is the large island kitchen with corner pantry, all open to the dining area and living room - perfect for entertaining. The primary bedroom is roomy with a large shower and a huge walk-in closet. The fourth bedroom is privately set off of the mudroom.

2. 2026-05-06
   price $324,900 454-char remark

   Show marketing remark (454 chars)

   The Cumberland floor plan features a front porch entry that leads to the foyer. Just off of the foyer are two spacious secondary bedrooms and a bathroom with a linen closet. Towards the back of the home is the large island kitchen with corner pantry, all open to the dining area and living room - perfect for entertaining. The primary bedroom is roomy with a large shower and a huge walk-in closet. The fourth bedroom is privately set off of the mudroom.

3. 2026-04-01
   price $329,900 454-char remark

   Show marketing remark (454 chars)

   The Cumberland floor plan features a front porch entry that leads to the foyer. Just off of the foyer are two spacious secondary bedrooms and a bathroom with a linen closet. Towards the back of the home is the large island kitchen with corner pantry, all open to the dining area and living room - perfect for entertaining. The primary bedroom is roomy with a large shower and a huge walk-in closet. The fourth bedroom is privately set off of the mudroom.

4. 2026-03-31
   listed $337,900 Active 454-char remark

   Show marketing remark (454 chars)

   The Cumberland floor plan features a front porch entry that leads to the foyer. Just off of the foyer are two spacious secondary bedrooms and a bathroom with a linen closet. Towards the back of the home is the large island kitchen with corner pantry, all open to the dining area and living room - perfect for entertaining. The primary bedroom is roomy with a large shower and a huge walk-in closet. The fourth bedroom is privately set off of the mudroom.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥111°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,704
• − Mortgage interest: −$18,199
• − Property taxes: −$4,874
• − Insurance: −$1,624
• − Repairs & maintenance: −$3,016
• − Management: −$3,016
• − HOA: −$504
• − Depreciation: −$9,452
• Taxable loss: −$2,982
• Est. tax savings @ 24.0%: +$716
• After-tax cash flow: $3,054/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.

Condition & rehab AI · 1 photo

Good 80/100 Cosmetic rehab

This home is in good condition with a good curb appeal and interior finish. It has a good layout and is ready for minor cosmetic updates to enhance its resale and rental value.

Value-add opportunities

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Both Landscaping improvements — Enhances curb appeal and adds value
• Resale Kitchen appliances — Modern appliances improve the home's appeal to potential buyers
• Resale Bathroom fixtures — Upgraded fixtures can attract more buyers

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Resale Kitchen appliances — Modern appliances improve the home's appeal to potential buyers ↑
• Resale Bathroom fixtures — Upgraded fixtures can attract more buyers ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Katy ISD
• NCES district ID: 4825170
• Math proficiency: 61% ▼ -7.00%
• Reading proficiency: 63% ▼ -3.00%
• Median HH income: $90,312
• Composite: 56.59/100
• National rank: #1146
• State rank: #29 of 826 in TX

Livability — Katy

• Score: 76/100
• State rank: #111
• US rank: #3613

Category grades

Amenities D Commute F Cost of living A+ Crime C- Employment A+ Housing A+ Health & safety C User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Harris County · 4,702,590 people
• City population: 413,575
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 71,484
• Household income: $118,464
• Rent vs Own: 20.4% rent · 79.6% own
• Severe rent burden: 913.0

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: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: White 36% Hispanic / Latino 33% Two or more races 16% Black 15% Asian 12%
• Hispanic origin (detail): Mexican 20%
• Common ancestry: Lithuanian 2% Slovak 1% Italian 1%
• Foreign-born: 21% · Canada, Vietnam, Jamaica
• Languages at home: 64% English-only · Spanish 22% Vietnamese 5% French/Haitian/Cajun 4%

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: ▼ -140.65%
• Current HPI: 233.1683
• Rent YoY: ▼ -0.80%
• 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

-3.8% since first listed

4 events — show timeline

• 2026-05-15 Pending — HARMLS
• 2026-05-06 Price Changed $324,900 HARMLS
• 2026-04-01 Price Changed $329,900 HARMLS
• 2026-03-31 Listed $337,900 HARMLS