4813 Pederson St · Houston, TX 77033

$175,000

3 bd · 1.5 ba · 1,286 sqft · SingleFamily public records · 40 Days on market

Built 2003 7,069 sqft lot $136/sqft · at area comps Est $168k · at est.

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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).

• Cash flow +18.6/30.0
• 1% rule +6.2/10.0
• DSCR +5.8/10.0
• ARV discount +5.8/15.0
• Rent growth +3.9/5.0
• Livability +3.7/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

The home is tenant occupied and perfect for an investor looking for tenant-occupied properties. Located in central Houston, this property at 4813 Pederson St offers unbeatable access to the city’s major destinations. Just minutes from Downtown Houston, the Texas Medical Center, and the University of Houston, the home is ideally positioned for commuters and anyone looking to stay connected to the heart of the city. With quick access to I-45, Highway 288, and the South Loop (610), getting around Houston is easy and efficient. The surrounding area continues to see growth and revitalization, while nearby parks, schools, and everyday conveniences add to the appeal. This centrally located p

Key facts

• Central houston
• Quick access to i-45
• Texas medical center

Tags

• CENTRAL HOUSTON
• ACCESS TO MAJOR DESTINATIONS
• MINUTES FROM DOWNTOWN HOUSTON
• TEXAS MEDICAL CENTER
• UNIVERSITY OF HOUSTON
• QUICK ACCESS TO I-45

Property features AI

Finance

• Financial info: Lease considered

Exterior

• Utilities: Public water; Public sewer
• Home design: Residential property; Single-story entry (first-floor living)
• Construction: Built in 2003; Slab foundation; Composition roof; Construction materials: Unknown
• Exterior features: Located in a subdivision

Interior

• Bedrooms: First-floor primary bedroom (13 x 11); Two additional first-floor bedrooms (each 11 x 11)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric and gas); Central air conditioning (electric and gas)
• Interior features: Total of 3 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $168 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $170k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.4% 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: Woodson School (math 17% / reading 22%, grade F, #3,583 of 4,322 statewide, top 86%, 572 students, 99% FRL); Thomas Middle (math 3% / reading 13%, grade F, #1,654 of 1,662 statewide, top 100%, 526 students, 98% FRL); Sterling H S (math 16% / reading 27%, grade F, #1,377 of 1,632 statewide, top 85%, 1,421 students, 92% FRL) — zoned schools average 96% FRL vs 71% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 16% at this address vs 31% district-wide (-15 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 rising fast (+5.5%/yr); 338 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• At $1,953/mo this rent would consume 62% of the median local household income ($38k/yr) (locally 1728% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 40 days — a 3% lower offer ($170k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 22y ago; this cycle's ask has dropped $14k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $169,750 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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: 1.12% ✓
• Cap rate: 7.45%
• Cash-on-cash: 4.12%
• DSCR: 1.18
• GRM: 7.5

CMA / ARV

• ARV (median comp): $168,496
• List price: $175,000
• Delta: 3.86%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4817 Wenda St	0.06mi	3/1.0	1,310 (+2%)	1mo	$85,000	$65	91
4918 Carmen St	0.24mi	3/2.0	1,258 (-2%)	1mo	$213,000	$169	82
9413 Arden Ct	0.15mi	3/1.0	1,440 (+12%)	1mo	$214,900	$149	70
4826 Airport Blvd	0.45mi	3/1.0	1,260 (-2%)	6mo	$164,900	$131	69
5234 Wilmington St	0.57mi	3/1.0	1,230 (-4%)	1mo	$76,500	$62	63
4821 Alvin St	0.73mi	3/2.0	1,307 (+2%)	4mo	$174,000	$133	58
4842 Larkspur St	0.53mi	4/2.0 (+1)	1,200 (-7%)	2mo	$200,000	$167	55
5217 Pederson St	0.52mi	3/2.0	1,158 (-10%)	7mo	$179,000	$155	51
4737 Alvin St	0.74mi	3/1.0	1,216 (-5%)	4mo	$95,000	$78	50
8838 Delilah St	0.71mi	3/1.0	1,382 (+8%)	6mo	$119,999	$87	47
4402 Phlox St	0.69mi	3/2.0	1,436 (+12%)	5mo	$239,999	$167	42
5503 Ricky St	0.69mi	3/1.0	1,102 (-14%)	5mo	$110,000	$100	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 · 5.45% rent growth · sell at horizon

5-year hold

• IRR: -6.7%
• Equity multiple: 0.74×
• Total profit: $-12,569
• Equity at exit: $26,093

10-year hold

• IRR: 6.0%
• Equity multiple: 1.50×
• Total profit: $24,679
• Equity at exit: $15,131

Cash invested: $49,000 (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 77033

• Home prices YoY: -16.3%
• Rents YoY: 5.5%
• Active inventory: 338
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,953 high
• Mortgage (P&I): −$918
• Tax from tax record: −$384 /mo · $4,606/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$410
• Net cashflow: $168

Break-even live

Break-even rent $1,740

Max offer price $175,000

Occupancy floor 86%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4810 Wilmington St Unit A Houston, TX	3.0	2.0	1165	$1,650	$1.42	44d	1	0.12mi
4921a Pederson St Unit A Houston, TX	3.0	2.0	1765	$2,150	$1.22	13d	1	0.14mi
4918 Wilmington St Unit A Houston, TX	3.0	3.0	1300	$2,100	$1.62	44d	1	0.17mi
5012 Higgins St Unit B Houston, TX	3.0	2.5	1611	$1,650	$1.02	24d	1	0.24mi
4723 Mallow St Houston, TX	3.0	2.5	1472	$1,850	$1.26	5d	1	0.43mi
5036 Mallow St Houston, TX	3.0	3.0	1472	$2,050	$1.39	44d	1	0.50mi
4538 Clover St Houston, TX	4.0	2.0	1768	$1,595	$0.90	44d	1	0.60mi
5407 Thrush Dr Houston, TX	4.0	1.0	1407	$1,495	$1.06	14d	1	0.70mi
9509 Merle St Unit 9509A Houston, TX	4.0	2.5	1404	$1,500	$1.07	44d	1	0.76mi
4526 Knoxville St Unit A Houston, TX	3.0	2.5	1474	$1,775	$1.20	15d	1	0.87mi
4514 Galesburg St Unit B Houston, TX	3.0	2.5	1680	$3,500	$2.08	24d	1	0.93mi
8521 Dosia St Houston, TX	3.0	2.0	1028	$1,665	$1.62	13d	1	1.08mi
7918 Jutland Rd Houston, TX	3.0	1.0	996	$1,295	$1.30	44d	1	1.15mi
5623 Bellfort St Houston, TX	4.0	1.0	1320	$1,700	$1.29	15d	1	1.16mi
4406 Sterling St Houston, TX	3.0	2.5	1840	$1,999	$1.09	17d	1	1.16mi
5458 Osprey Dr Houston, TX	3.0	2.0	1614	$1,595	$0.99	21d	1	1.17mi
11319 Murr Way Houston, TX	3.0	1.5	1213	$1,699	$1.40	19d	1	1.19mi
5222 Northridge Dr Houston, TX	4.0	2.0	1300	$1,850	$1.42	24d	1	1.19mi
5426 Greylog Dr Houston, TX	3.0	2.0	1205	$1,750	$1.45	24d	1	1.20mi
9606 Ashville Dr Unit B Houston, TX	3.0	2.0	1610	$1,570	$0.98	44d	1	1.22mi
8107 Calhoun Rd Houston, TX	3.0	2.5	1304	$2,250	$1.73	24d	1	1.22mi
4601 White Rock St Unit A Houston, TX	3.0	2.5	1700	$2,500	$1.47	44d	1	1.25mi
10902 Faircroft Dr Houston, TX	3.0	1.0	1308	$1,480	$1.13	44d	1	1.31mi
4613 Bricker St Unit B Houston, TX	3.0	2.5	1600	$2,300	$1.44	44d	1	1.32mi
4609 Bricker St Unit ABC Houston, TX	3.0	2.5	1375	$3,500	$2.55	11d	1	1.33mi
4609 Bricker St Unit C Houston, TX	2.0	1.5	1100	$3,200	$2.91	13d	1	1.33mi
4609 Bricker St Unit B Houston, TX	3.0	2.5	1300	$3,500	$2.69	13d	1	1.33mi
5767 Belcrest St Houston, TX	4.0	2.0	1480	$1,790	$1.21	44d	1	1.33mi
7710 Darnay Dr Houston, TX	3.0	3.0	1635	$2,095	$1.28	44d	1	1.39mi
4117 Shelby Cir Unit 1230900P Houston, TX	4.0	2.0	1367	$5,355	$3.92	2d	1	1.42mi
5314 Longmeadow St Houston, TX	3.0	3.0	1646	$1,900	$1.15	44d	1	1.47mi

Listing history 38 events

1. 2026-06-18
   days on market $175,000 Active 40 DOM
2. 2026-06-17
   days on market $175,000 Active 39 DOM
3. 2026-06-16
   days on market $175,000 Active 38 DOM
4. 2026-06-15
   days on market $175,000 Active 37 DOM
5. 2026-06-13
   days on market $175,000 Active 35 DOM
6. 2026-06-10
   days on market $175,000 Active 31 DOM
7. 2026-06-08
   days on market $175,000 Active 30 DOM
8. 2026-06-07
   days on market $175,000 Active 29 DOM
9. 2026-06-04
   days on market $175,000 Active 26 DOM
10. 2026-06-01
    days on market $175,000 Active 23 DOM
11. 2026-05-31
    days on market $175,000 Active 22 DOM
12. 2026-05-09
    listed $189,000 Active 776-char remark
13. 2026-04-02
    historical $1,650
14. 2026-03-27
    listed $1,650
15. 2026-03-26
    historical $1,650
16. 2026-03-26
    historical
17. 2026-03-05
    listed $1,650
18. 2026-03-04
    historical $1,650
19. 2026-03-04
    listed $1,650
20. 2026-03-04
    historical $1,650
21. 2026-03-03
    listed $200,000 Active
22. 2026-03-03
    historical
23. 2026-01-28
    price $200,000
24. 2026-01-16
    listed $1,650
25. 2026-01-15
    listed $180,000 Active
26. 2023-10-21
    historical $1,585
27. 2023-10-10
    listed $1,585
28. 2010-05-20
    historical
29. 2010-03-05
    listed $64,900
30. 2010-02-15
    soldstatus
31. 2010-02-03
    historical
32. 2009-12-04
    listed $38,000
33. 2006-02-28
    soldstatus
34. 2005-07-11
    historical
35. 2005-01-13
    historical
36. 2005-01-11
    listed $99,500
37. 2004-07-11
    listed $99,500
38. 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: $4,606 · $384/mo
• Projected year-2 tax: $4,606 · $384/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 (shaded) · 24% 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: $23,436
• − Mortgage interest: −$9,803
• − Property taxes: −$4,606
• − Insurance: −$875
• − Repairs & maintenance: −$1,875
• − Management: −$1,875
• − Depreciation: −$5,091
• Taxable loss: −$688
• Est. tax savings @ 24.0%: +$165
• After-tax cash flow: $2,186/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): 29,154
• Household income: $38,071
• Rent vs Own: 41.0% rent · 59.0% own
• Severe rent burden: 1728.0

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 Black (55%)
• Race & ethnicity: Black 55% Hispanic / Latino 43% Two or more races 17% Native American 1%
• Hispanic origin (detail): Mexican 35%
• Common ancestry: Lithuanian 1%
• Foreign-born: 18% · Canada
• Languages at home: 61% English-only · Spanish 39%

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: ▼ -41.49%
• Current HPI: 212.6472
• Rent YoY: ▲ 5.45%
• 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

+75.9% since first listed

28 events — show timeline

• 2026-05-21 Price Changed $175,000 HARMLS
• 2026-05-09 Listed $189,000 HARMLS
• 2026-04-02 Rental Removed $1,650 APPFOLIO
• 2026-03-27 Listed for Rent $1,650 APPFOLIO
• 2026-03-26 Rental Removed $1,650 HARMLS
• 2026-03-26 Listing Removed — HARMLS
• 2026-03-05 Listed for Rent $1,650 HARMLS
• 2026-03-04 Rental Removed $1,650 APPFOLIO
• 2026-03-04 Listed for Rent $1,650 APPFOLIO
• 2026-03-04 Rental Removed $1,650 HARMLS
• 2026-03-03 Listing Removed — HARMLS
• 2026-03-03 Listed $200,000 HARMLS
• 2026-01-28 Price Changed $200,000 HARMLS
• 2026-01-16 Listed for Rent $1,650 HARMLS
• 2026-01-15 Listed $180,000 HARMLS
• 2023-10-21 Rental Removed $1,585 HARMLS
• 2023-10-10 Listed for Rent $1,585 HARMLS
• 2010-05-20 Listing Removed — HARMLS
• 2010-03-05 Listed $64,900 HARMLS
• 2010-02-15 Sold (MLS) — HARMLS
• 2010-02-03 Listing Removed — HARMLS
• 2009-12-04 Listed $38,000 HARMLS
• 2006-02-28 Sold (Public Records) — Public Records
• 2005-07-11 Listing Removed — HARMLS
• 2005-01-13 Listing Removed — HARMLS
• 2005-01-11 Listed $99,500 HARMLS
• 2004-07-11 Listed $99,500 HARMLS
• 1988-01-02 Sold (Public Records) — Public Records

Property tax history

+3.2%/yr

Latest (2025): $4,606 · +20.6% YoY. Source: county tax records.