13655 Kit Run · Splendora, TX 77372

$219,990

4 bd · 2.0 ba · 1,556 sqft · Land · 160 Days on market

Built 2026 4,800 sqft lot $141/sqft · at area comps Est $226k · at est. $50/mo HOA · 2% of rent ↓ 13% 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 +20.3/30.0
• ARV discount +8.6/15.0
• DSCR +6.5/10.0
• 1% rule +4.6/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +1.8/10.0

Listing remarks MLS

The Wildflower plan is a 1-story home with 4 bedrooms, 2 baths, and includes a covered patio, and kitchen island.

Key facts

• Gourmet kitchen
• 42 inch cabinets
• Granite countertops

Tags

• VINYL PLANK FLOORING
• GOURMET KITCHEN
• 42 INCH CABINETS
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• BOX WINDOW

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $220k.

Deal economics

• At list price, monthly cash flow is $283 ($3k/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 $210k (4.3% below list).
• Recommended offer: $194k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 5.2% in Splendora — 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 62/100 on livability (#911 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• Splendora ISD (rural): math 25% / reading 31% proficiency, ranked #648 of 826 in TX (top 78%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 542 active listings in the ZIP; solid renter incomes; 13,259 units permitted in Montgomery County in 2024 (1,402 in 5+ unit buildings).
• This rent runs 32% of the median local income ($79k/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 $7k of value loss. Plan a longer hold.
• Montgomery County population projected at +65% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 160 days — a 12% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $193,591 (12.0% below list)

Questions for the listing agent

1. It's been on market 160 days. Have you received any prior offers? Is the seller open to a 12% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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.
7. 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.
8. 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: 0.96% ✗
• Cap rate: 7.84%
• Cash-on-cash: 5.52%
• DSCR: 1.25
• GRM: 8.7

CMA / ARV

• ARV (median comp): $225,754
• List price: $219,990
• Delta: -2.55%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -7.8%
• Equity multiple: 0.71×
• Total profit: $-17,654
• Equity at exit: $32,801

10-year hold

• IRR: 1.7%
• Equity multiple: 1.12×
• Total profit: $7,645
• Equity at exit: $19,021

Cash invested: $61,597 (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 77372

• Home prices YoY: -2.1%
• Active inventory: 542
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $2,105 medium
• Mortgage (P&I): −$1,154
• Tax from tax record: −$84 /mo · $1,007/yr
• Insurance: −$92
• HOA: −$50
• Vacancy / Maint / Mgmt: −$442
• Net cashflow: $283

Break-even live

Break-even rent $1,746

Max offer price $219,990

Occupancy floor 82%

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: $54,998
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $50 · $600/yr

Listing history 21 events

1. 2026-06-18
   days on market $219,990 Active 160 DOM
2. 2026-06-17
   days on market $219,990 Active 159 DOM
3. 2026-06-16
   days on market $219,990 Active 158 DOM
4. 2026-06-15
   days on market $219,990 Active 157 DOM
5. 2026-06-13
   days on market $219,990 Active 155 DOM
6. 2026-06-13
   days on market $219,990 Active 154 DOM
7. 2026-06-09
   days on market $219,990 Active 151 DOM
8. 2026-06-08
   days on market $219,990 Active 150 DOM
9. 2026-06-07
   days on market $219,990 Active 149 DOM
10. 2026-06-04
    days on market $219,990 Active 146 DOM
11. 2026-06-03
    days on market $219,990 Active 145 DOM
12. 2026-06-02
    days on market $219,990 Active 144 DOM
13. 2026-06-01
    days on market $219,990 Active 143 DOM
14. 2026-05-31
    days on market $219,990 Active 142 DOM
15. 2026-05-13
    price $219,990 113-char remark

    Show marketing remark (113 chars)

    The Wildflower plan is a 1-story home with 4 bedrooms, 2 baths, and includes a covered patio, and kitchen island.

16. 2026-05-12
    price $219,990 745-char remark

    Show marketing remark (745 chars)

    Love where you live in Townsend Reserve in Splendora, TX. The Wildflower floor plan is a charming 1-story home with 4 bedrooms, 2 bathrooms, and a 2-car garage. This home has it all, including vinyl plank flooring throughout the entire home! The gourmet kitchen is open to both the dining and family rooms and features 42" cabinets, granite countertops, stainless-steel appliances, and a box window at a dining area! Retreat to the Owner's Suite featuring a beautiful bay window, double sinks with granite countertops, a separate tub and shower, and a walk-in closet. Enjoy the great outdoors with a sprinkler system, covered patio, and a gas stub out! Don't miss your opportunity to call Townsend Reserve home, schedule a visit today!

17. 2026-04-24
    price $224,990 113-char remark

    Show marketing remark (113 chars)

    The Wildflower plan is a 1-story home with 4 bedrooms, 2 baths, and includes a covered patio, and kitchen island.

18. 2026-04-22
    price $224,990 745-char remark

    Show marketing remark (745 chars)

    Love where you live in Townsend Reserve in Splendora, TX. The Wildflower floor plan is a charming 1-story home with 4 bedrooms, 2 bathrooms, and a 2-car garage. This home has it all, including vinyl plank flooring throughout the entire home! The gourmet kitchen is open to both the dining and family rooms and features 42" cabinets, granite countertops, stainless-steel appliances, and a box window at a dining area! Retreat to the Owner's Suite featuring a beautiful bay window, double sinks with granite countertops, a separate tub and shower, and a walk-in closet. Enjoy the great outdoors with a sprinkler system, covered patio, and a gas stub out! Don't miss your opportunity to call Townsend Reserve home, schedule a visit today!

19. 2026-01-09
    listed $239,990 Active 745-char remark

    Show marketing remark (745 chars)

    Love where you live in Townsend Reserve in Splendora, TX. The Wildflower floor plan is a charming 1-story home with 4 bedrooms, 2 bathrooms, and a 2-car garage. This home has it all, including vinyl plank flooring throughout the entire home! The gourmet kitchen is open to both the dining and family rooms and features 42" cabinets, granite countertops, stainless-steel appliances, and a box window at a dining area! Retreat to the Owner's Suite featuring a beautiful bay window, double sinks with granite countertops, a separate tub and shower, and a walk-in closet. Enjoy the great outdoors with a sprinkler system, covered patio, and a gas stub out! Don't miss your opportunity to call Townsend Reserve home, schedule a visit today!

20. 2026-01-08
    price $239,990 113-char remark

    Show marketing remark (113 chars)

    The Wildflower plan is a 1-story home with 4 bedrooms, 2 baths, and includes a covered patio, and kitchen island.

21. 2025-12-09
    listed $254,145 Active 113-char remark

    Show marketing remark (113 chars)

    The Wildflower plan is a 1-story home with 4 bedrooms, 2 baths, and includes a covered patio, and kitchen island.

ⓘ 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: $1,007 · $84/mo
• Projected year-2 tax: $4,026 · $335/mo
• Expected delta: +$3,019/yr (+$252/mo · 299.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $25,255
• − Mortgage interest: −$12,323
• − Property taxes: −$1,007
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,020
• − Management: −$2,020
• − HOA: −$600
• − Depreciation: −$6,400
• Taxable loss: −$215
• Est. tax savings @ 24.0%: +$52
• After-tax cash flow: $3,452/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: Splendora ISD
• NCES district ID: 4841070
• Math proficiency: 25% ▼ -8.00%
• Reading proficiency: 31% ▼ -1.00%
• Median HH income: $54,166
• Composite: 24.92/100
• National rank: #7572
• State rank: #648 of 826 in TX

Livability — Splendora

• Score: 62/100
• State rank: #911
• US rank: #16335

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Montgomery County · 663,713 people
• City population: 14,367
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 14,367
• Household income: $79,085
• Rent vs Own: 18.7% rent · 81.3% own
• Severe rent burden: 135.0

Population outlook (Montgomery County) Hauer SSP2

• Today (2025): 713,896 people
• By 2030: 805,263 · +12.8%
• By 2040: 992,708 · +39.1%
• By 2050: 1,179,590 · +65.2%
• By 2075: 1,628,084 · +128.1%
• By 2100: 1,937,880 · +171.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (61%)
• Race & ethnicity: White 61% Hispanic / Latino 36% Two or more races 9% Native American 1%
• Hispanic origin (detail): Mexican 32%
• Common ancestry: Lithuanian 4% Italian 2% Slovak 1%
• Foreign-born: 9% · Canada
• Languages at home: 71% English-only · Spanish 28%

Political lean MEDSL · Montgomery

• 2024 margin: Solid R (+45.5) · D 26.8% · R 72.3%
• 2008→2024 swing: +7.2pp toward D · 2008: -52.7pp · 2024: -45.5pp
• All cycles: 2024: R+45.5 2020: R+43.8 2016: R+51.4 2012: R+60.7 2008: R+52.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -6.47%
• Current HPI: 306.9962
• 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

-13.4% since first listed

7 events — show timeline

• 2026-05-13 Price Changed $219,990 Zillow
• 2026-05-12 Price Changed $219,990 HARMLS
• 2026-04-24 Price Changed $224,990 Zillow
• 2026-04-22 Price Changed $224,990 HARMLS
• 2026-01-09 Listed $239,990 HARMLS
• 2026-01-08 Price Changed $239,990 Zillow
• 2025-12-09 Listed $254,145 Zillow

Property tax history

+39.1%/yr

Latest (2025): $1,007 · -0.1% YoY. Source: county tax records.