CashFlowRE
Sign in Sign up
21626 Carbonari Dr 🏗️ New Construction
F Composite 28.04
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).

  • ARV discount +7.5/15.0
  • Cash flow +5.3/30.0
  • Condition / age +4.0/5.0
  • Livability +3.8/5.0
  • Schools +3.7/10.0
  • Rent growth +2.3/5.0
  • 1% rule +1.4/10.0
  • DSCR +0.0/10.0
  • Appreciation +0.0/10.0

$288,990

21626 Carbonari Dr · Tomball, TX 77377
4 bd · 3.0 ba · 1,868 sqft · SingleFamily · 86 Days on market
Built 2026 Good condition 2-car garage $135/mo HOA · 6% of rent ↓ 2% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

This new four-bedroom home offers convenient single-floor living. An open-concept design blends the kitchen, dining room and family room for optimal multitasking and everyday transitions. A nearby covered patio provides effortless outdoor recreation. Three secondary bedrooms are tucked away to the side of the home, and the luxurious owner's suite is nestled into a private rear corner, complete with a full bathroom and walk-in closet.

Key facts

  • Open-concept design
  • Full bathroom
  • Walk-in closet

Tags

SINGLE-FLOOR LIVINGOPEN-CONCEPT DESIGNCOVERED PATIOOWNER'S SUITEFULL BATHROOMWALK-IN CLOSET

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…
🏗️ New construction. The $288,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $347,217.

What this means for you Summary

Snapshot

  • This is a 4-bed/3.0-bath single-family listed at $289k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-771 ($-9k/yr) — negative.
  • To cash-flow at today's rent, offer at most $236k (18.4% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $223k (22.7% below list).
  • Recommended offer: $223k (22.7% below list) — sets the bar for 1% rule.
  • Cap rate 3.6% vs local median 3.0% in Tomball — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

  • Location reads 75/100 on livability (#155 in TX, #4,239 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B+; Watch: amenities F, commute F.
  • Waller ISD (rural): math 30% / reading 35% proficiency, ranked #532 of 826 in TX (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Evelyn Turlington El (math 46% / reading 45%, grade D-, #1,112 of 4,322 statewide, top 26%, 1,084 students, 69% FRL); Schultz J H (math 31% / reading 37%, grade F, #892 of 1,662 statewide, top 55%, 1,120 students, 65% FRL); Waller H S (math 25% / reading 40%, grade F, #1,029 of 1,632 statewide, top 64%, 2,639 students, 62% FRL).
  • Market conditions: Rents soft (-0.7%/yr); 905 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 43d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 80% 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).

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 86 days — a 6% lower offer ($272k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts 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.
Recommended offer $223,290 (22.7% 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. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. 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?
  7. 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?
  8. 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.
  9. 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.
  10. 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
0.64%
Cap rate
3.63%
Cash-on-cash
-9.51%
DSCR
0.58
GRM
13.0

CMA / ARV

ARV (median comp)
$347,217
List price
$288,990
Delta
-16.11%
Verdict
UNDERPRICED
Comps
20 within 2.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
19214 Saint Green Dr 0.00mi 3/2.0 (-1) 1,876 (+0%) 0mo $261,990 $140 90
19222 Saint Green Dr 0.00mi 4/2.5 1,984 (+6%) 1mo $272,990 $138 87
22103 La Scorza Dr 0.00mi 3/2.0 (-1) 1,908 (+2%) 0mo $305,990 $160 87
22115 La Scorza Dr 0.01mi 3/2.0 (-1) 1,908 (+2%) 0mo $304,990 $160 87
21630 Carbonari Dr 0.00mi 3/2.0 (-1) 1,724 (-8%) 0mo $268,991 $156 78
21930 Terre Riviera Dr 0.12mi 4/2.5 2,042 (+9%) 0mo $285,990 $140 76
19646 Costa Marra Dr 0.00mi 4/2.0 1,644 (-12%) 0mo $250,000 $152 76
22211 Senoma Ridge Dr 0.35mi 4/2.0 1,820 (-3%) 0mo $298,000 $164 75
19646 Costa Marra Dr 0.02mi 4/2.0 1,644 (-12%) 0mo $265,990 $162 75
22119 La Scorza Dr 0.00mi 3/2.0 (-1) 1,600 (-14%) 0mo $276,990 $173 67
22107 La Scorza Dr 0.00mi 3/2.0 (-1) 1,600 (-14%) 0mo $275,990 $172 67
21015 Solstice Point Dr 0.69mi 3/2.0 (-1) 1,611 (-14%) 0mo $249,900 $155 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
-36.8%
Equity multiple
-0.15×
Total profit
$-111,768
Equity at exit
$51,771
10-year hold
IRR
-77.1%
Equity multiple
-0.91×
Total profit
$-185,335
Equity at exit
$30,021

Cash invested: $97,221 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
298 active · 116 under contract
Months of supply
11.6 mo (9%/mo absorbed)
Median asking
$305,990 ($164/sqft)
Median days on market
101 d
This list price
30% of active listings are priced below it
ARV vs active asking
+13.2% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 77377

Home prices YoY
-24.5%
Rents YoY
-0.7%
Active inventory
905
Price-to-rent
10.8×

Monthly cashflow live

Estimated rent
$2,233 high interval (Pro) →
Mortgage (P&I)
$1,821
Tax est. 1.5%
$434 /mo · $5,208/yr
Insurance
$145
HOA
$135
Vacancy / Maint / Mgmt
$469
Net cashflow
$-771

Break-even live

Break-even rent $3,208
Max offer price $235,718
Occupancy floor

Sensitivity live

Price -10% $-531 -5% $-651 +0% $-771 +5% $-891 +10% $-1,011
Rent -10% $-947 -5% $-859 +0% $-771 +5% $-682 +10% $-594
Rate -1.0pp $-596 -0.5pp $-682 base $-771 +0.5pp $-861 +1.0pp $-952

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
$86,804
Closing costs
$10,417
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 10 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
22215 Scarlino Dr Hockley, TX 3.0 2.0 2099 $2,300 $1.10 42d 1 0.20mi
20722 Nala Bear Dr Hockley, TX 5.0 2.5 2593 $2,100 $0.81 37d 1 0.42mi
22222 Opa Glen Dr Hockley, TX 4.0 3.0 2609 $2,850 $1.09 93d 1 0.46mi
22154 Lost Lantern Dr Hockley, TX 3.0–4.0 2.0 1601 $2,180 $1.36 2d 5 0.48mi
20703 Solstice Point Dr Hockley, TX 3.0 2.0 1912 $1,766 $0.92 36d 1 0.49mi
20802 Echo Manor Dr Hockley, TX 3.0 2.0 1576 $1,666 $1.06 42d 1 0.57mi
20718 Round Key Dr Hockley, TX 4.0 2.5 2133 $1,806 $0.85 48d 1 0.68mi
21210 Echo Manor Dr Hockley, TX 4.0 2.5 2221 $2,150 $0.97 52d 1 0.79mi
20313 Evergreen Cypress Dr Hockley, TX 2.0–5.0 2.0–3.5 2051 $2,712 $1.32 0d 1 0.92mi
22719 Klingamans Way Hockley, TX 3.0 2.0 1416 $1,589 $1.12 38d 1 0.94mi

Property features AI

Finance

HOA & community
Managed by RealManage Onsite ElevatedCommunity amenities: clubhouse, sport court, fitness center, picnic area, park, pool, tennis courtsAnnual association fee

Exterior

Parking
Attached 2-car garage
Utilities
Public waterPublic sewer
Home design
Residential propertyUnder construction (new construction)Slab foundation
Construction
Built by Lennar HomesBrick exteriorComposition roofEstimated year built 2026
Exterior features
Fence with backyard fencingSubdivision lot settingAssociation pool

Interior

Kitchen
DishwasherElectric oven and electric rangeGas oven and gas range
Bedrooms
Primary bedroom on first floor (approx. 14 x 13)Three additional bedrooms on first floor (each approx. 10 x 11)
Flooring
CarpetVinyl
Bathrooms
3 full bathrooms
Heating & cooling
Central heating (electric and gas)Central air conditioning (electric and gas)
Interior features
Breakfast barDouble vanityKitchen and family room combinedSeparate showerTub with showerKitchen and dining combined
Laundry & utility
Washer hookupElectric dryer hookupGas dryer hookup

Listing history 50 events

  1. 2026-08-08
    days on market $288,990 Active 86 DOM
  2. 2026-08-06
    days on market $288,990 Active 84 DOM
  3. 2026-08-05
    days on market $288,990 Active 83 DOM
  4. 2026-08-04
    days on market $288,990 Active 82 DOM
  5. 2026-08-03
    days on market $288,990 Active 81 DOM
  6. 2026-07-31
    days on market $288,990 Active 78 DOM
  7. 2026-07-30
    days on market $288,990 Active 76 DOM
  8. 2026-07-28
    days on market $288,990 Active 75 DOM
  9. 2026-07-26
    days on market $288,990 Active 73 DOM
  10. 2026-07-24
    days on market $288,990 Active 71 DOM
  11. 2026-07-23
    days on market $288,990 Active 70 DOM
  12. 2026-07-22
    days on market $288,990 Active 69 DOM
  13. 2026-07-21
    days on market $288,990 Active 68 DOM
  14. 2026-07-20
    days on market $288,990 Active 67 DOM
  15. 2026-07-18
    days on market $288,990 Active 65 DOM
  16. 2026-07-18
    days on market $288,990 Active 64 DOM
  17. 2026-07-16
    days on market $288,990 Active 63 DOM
  18. 2026-07-15
    pricedays on market $288,990 Active 62 DOM
  19. 2026-07-14
    days on market $298,990 Active 61 DOM
  20. 2026-07-13
    days on market $298,990 Active 60 DOM
  21. 2026-07-13
    days on market $298,990 Active 59 DOM
  22. 2026-07-11
    days on market $298,990 Active 58 DOM
  23. 2026-07-10
    days on market $298,990 Active 57 DOM
  24. 2026-07-09
    days on market $298,990 Active 56 DOM
  25. 2026-07-07
    days on market $298,990 Active 54 DOM
  26. 2026-07-06
    days on market $298,990 Active 53 DOM
  27. 2026-07-06
    days on market $298,990 Active 52 DOM
  28. 2026-07-05
    days on market $298,990 Active 51 DOM
  29. 2026-07-03
    days on market $298,990 Active 50 DOM
  30. 2026-07-02
    days on market $298,990 Active 49 DOM
  31. 2026-07-01
    days on market $298,990 Active 48 DOM
  32. 2026-06-30
    days on market $298,990 Active 47 DOM
  33. 2026-06-29
    days on market $298,990 Active 46 DOM
  34. 2026-06-28
    days on market $298,990 Active 45 DOM
  35. 2026-06-27
    days on market $298,990 Active 44 DOM
  36. 2026-06-26
    pricedays on market $298,990 Active 43 DOM
  37. 2026-06-24
    days on market $303,990 Active 41 DOM
  38. 2026-06-21
    days on market $303,990 Active 38 DOM
  39. 2026-06-18
    days on market $303,990 Active 35 DOM
  40. 2026-06-17
    days on market $303,990 Active 34 DOM
  41. 2026-06-16
    days on market $303,990 Active 33 DOM
  42. 2026-06-15
    remarks 658-char remark
  43. 2026-06-15
    days on market $303,990 Active 32 DOM
  44. 2026-06-13
    days on market $303,990 Active 30 DOM
  45. 2026-06-09
    pricedays on market $303,990 Active 26 DOM
    Show marketing remark (437 chars)

    This new four-bedroom home offers convenient single-floor living. An open-concept design blends the kitchen, dining room and family room for optimal multitasking and everyday transitions. A nearby covered patio provides effortless outdoor recreation. Three secondary bedrooms are tucked away to the side of the home, and the luxurious owner's suite is nestled into a private rear corner, complete with a full bathroom and walk-in closet.

  46. 2026-06-08
    days on market $291,290 Active 25 DOM
  47. 2026-06-07
    days on market $291,290 Active 24 DOM
  48. 2026-06-04
    days on market $291,290 Active 21 DOM
  49. 2026-06-03
    days on market $291,290 Active 20 DOM
  50. 2026-06-02
    days on market $291,290 Active 19 DOM

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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$26,795
− Mortgage interest
−$19,450
− Property taxes
−$5,208
− Insurance
−$1,736
− Repairs & maintenance
−$2,144
− Management
−$2,144
− HOA
−$1,620
− Depreciation
−$10,101
Taxable loss
−$15,607
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$3,746
After-tax cash flow
$-5,501/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 · 12 photos

Good 80/100 Cosmetic rehab Est. rehab $9,340–$28,020 screening

This single-family home is in good condition with a modern and well-maintained interior and exterior. It offers a good starting point for potential buyers or renters, with minor updates that could significantly enhance its value.

Value-add opportunities

  • Both Painting exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics
  • Both Landscaping improvements — Enhanced landscaping can boost curb appeal and property value
  • Both Add smart home features — Modern technology can increase both resale and rental value

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 37/100

Zoned Schools

Elementary Evelyn Turlington El D- TX #1,112/4,322 Nat'l #15,746/41,679 Middle Schultz J H F TX #892/1,662 Nat'l #7,813/14,009 High Waller H S F TX #1,029/1,632 Nat'l #10,333/17,239

Schools (NCES district)

District
Waller ISD
NCES district ID
4844430
Math proficiency
30% ▼ -23.00%
Reading proficiency
35% ▼ -11.00%
Median HH income
$58,911
Composite
29.12/100
National rank
#6593
State rank
#532 of 826 in TX
B Composite livability gradescore 75/100

Livability — Tomball

Score
75/100
State rank
#155
US rank
#4239

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

County
Harris County · 5,571,493 people
City population
113,991
Metro
Houston-The Woodlands-Sugar Land, TX
Population (ZIP)
41,680
Household income
$129,327
Rent vs Own
15.7% rent · 84.3% own
Severe rent burden
5% of renters

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 0.55)
Race & ethnicity
White 63% Hispanic / Latino 20% Two or more races 12% Asian 9% Black 5%
Hispanic origin (detail)
Mexican 14%
Common ancestry
Portuguese 4% Lithuanian 3% Romanian 3%
Foreign-born
15% · Canada, China, Vietnam
Languages at home
74% English-only · Spanish 15% Other Indo-European 3% Chinese 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

Price history

-1.9% since first listed
9 events — show timeline
  • 2026-06-09 Price Changed $303,990 Zillow
  • 2026-06-08 Price Changed $303,990 HARMLS
  • 2026-05-26 Price Changed $291,290 Zillow
  • 2026-05-26 Price Changed $291,290 HARMLS
  • 2026-05-14 Listed $296,140 HARMLS
  • 2026-05-08 Price Changed $296,140 Zillow
  • 2026-05-05 Price Changed $300,790 Zillow
  • 2026-05-01 Price Changed $305,440 Zillow
  • 2026-04-28 Listed $309,990 Zillow

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…