3819 Alberta St · Houston, TX 77021

$162,000

4 bd · 2.0 ba · 1,897 sqft · SingleFamily public records · 23 Days on market

Built 1952 6,481 sqft lot

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Rent growth +3.0/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

The interior needs a total make over. Perfect starter home or rehab project. Conveniently located near the Med Center, Downtown, etc. Priced for quick sale hurry and view.

Key facts

• 6,481 sq ft lot
• Garage
• Community pool

Property features AI

Finance

• HOA & community: Community pool

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public sewer
• Home design: Residential property; Single‑story entry with additional upper-level bedrooms
• Construction: Built in 1952; Wood siding; Composition roof; Slab foundation
• Exterior features: Concrete road/access; Subdivision lot

Interior

• Kitchen: Gas cooktop; Gas oven
• Bedrooms: Primary bedroom on the first floor (16x12); Bedroom on the first floor (12x12); Two bedrooms on the second floor (each 12x12)
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Space heater; Window unit(s) for cooling
• Interior features: Ceiling fan(s)

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $162k.

Deal economics

• At list price, monthly cash flow is $742 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $162k).
• Recommended offer: $160k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.8% 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: Foster El (math 17% / reading 27%, grade F, #3,333 of 4,322 statewide, top 80%, 380 students, 100% FRL); Cullen Middle (math 6% / reading 14%, grade F, #1,641 of 1,662 statewide, top 99%, 324 students, 100% FRL); Yates H S (math 12% / reading 23%, grade F, #1,451 of 1,632 statewide, top 89%, 851 students, 96% FRL) — zoned schools average 98% FRL vs 71% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 16% at this address vs 31% district-wide (-14 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 (+2.2%/yr); 472 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• At $2,492/mo this rent would consume 66% of the median local household income ($46k/yr) (locally 2532% 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.
• At projected returns (-3.0% appreciation + 2.2% rent growth), your $45k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($160k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $159,570 (1.5% below list)

Questions for the listing agent

1. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 1.54% ✓
• Cap rate: 11.79%
• Cash-on-cash: 19.63%
• DSCR: 1.87
• GRM: 5.4

CMA / ARV

• ARV (on-the-fly): $343,357
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6725 Saint Augustine St	0.34mi	3/3.5 (-1)	2,050 (+8%)	1mo	$299,900	$146	59
4336 Cosby St	0.60mi	3/3.5 (-1)	1,871 (-1%)	2mo	$342,999	$183	57
3618 Zephyr St	0.37mi	3/2.0 (-1)	1,684 (-11%)	3mo	$299,900	$178	57
4019 Ward St	0.34mi	3/3.5 (-1)	2,050 (+8%)	4mo	$315,000	$154	56
3607 Zephyr St	0.41mi	3/2.0 (-1)	1,683 (-11%)	4mo	$299,900	$178	54
6401 Goforth St	0.52mi	3/2.5 (-1)	1,767 (-7%)	4mo	$339,000	$192	54
3605 Mt Pleasant St	0.73mi	3/3.5 (-1)	1,868 (-2%)	1mo	$349,900	$187	51
4107 Dreyfus St	0.67mi	3/3.5 (-1)	1,984 (+5%)	2mo	$200,000	$101	48
6642 Del Rio St	0.60mi	3/2.5 (-1)	1,696 (-11%)	2mo	$320,000	$189	46
7117 England St Unit C	0.64mi	3/2.5 (-1)	1,700 (-10%)	1mo	$340,000	$200	45
3617A Mt Pleasant St	0.74mi	3/3.5 (-1)	2,012 (+6%)	2mo	$364,800	$181	43
3615A Mt Pleasant St	0.73mi	3/3.5 (-1)	2,012 (+6%)	3mo	$364,900	$181	42

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 · 2.17% rent growth · sell at horizon

5-year hold

• IRR: 10.7%
• Equity multiple: 1.42×
• Total profit: $19,058
• Equity at exit: $24,155

10-year hold

• IRR: 19.1%
• Equity multiple: 2.53×
• Total profit: $69,552
• Equity at exit: $14,007

Cash invested: $45,360 (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 77021

• Home prices YoY: -23.6%
• Rents YoY: 2.2%
• Active inventory: 472
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $2,492 high
• Mortgage (P&I): −$850
• Tax from tax record: −$310 /mo · $3,714/yr
• Insurance: −$68
• HOA: −$0
• Vacancy / Maint / Mgmt: −$523
• Net cashflow: $742

Break-even live

Break-even rent $1,553

Max offer price $162,000

Occupancy floor 65%

Sensitivity live

Price	-10% $834	-5% $788	+0% $742	+5% $696	+10% $650
Rent	-10% $545	-5% $644	+0% $742	+5% $841	+10% $939
Rate	-1.0pp $824	-0.5pp $783	base $742	+0.5pp $700	+1.0pp $657

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: $40,500
• Closing costs: $4,860
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3731 Alsace St Unit 1560804P Houston, TX	3.0	2.0	2002	$3,387	$1.69	4d	1	0.28mi
6809 Conley St Houston, TX	3.0	4.0	1921	$2,600	$1.35	45d	1	0.40mi
3615 Dreyfus St Houston, TX	3.0	3.0	2011	$2,800	$1.39	45d	1	0.62mi
6336 Culberson St Houston, TX	3.0	3.5	1822	$2,361	$1.30	6d	1	0.62mi
6334 Culberson St Houston, TX	3.0	3.5	1822	$2,311	$1.27	3d	1	0.63mi
6737 Peerless St Unit A Houston, TX	3.0	3.5	1732	$2,649	$1.53	18d	1	0.63mi
6735 Peerless St Unit CUNIT A Houston, TX	3.0	3.5	1732	$2,649	$1.53	18d	1	0.64mi
6735c Peerless St Houston, TX	3.0	3.5	1732	$2,599	$1.50	0d	1	0.64mi
3311 Daphne St Unit 1255369P Houston, TX	3.0	3.5	1797	$6,391	$3.56	0d	1	0.67mi
3311 Daphne St Unit 3311 Houston, TX	3.0	3.5	1800	$7,500	$4.17	45d	1	0.67mi
4135 DuPont St Houston, TX	3.0	4.0	2395	$2,499	$1.04	45d	1	0.72mi
3644 Griggs Rd Unit 1047940P Houston, TX	3.0	2.5	1399	$2,161	$1.54	3d	1	0.73mi
6731 New York St Houston, TX	3.0	3.0	2211	$2,100	$0.95	45d	1	0.73mi
5813 England St Unit A Houston, TX	3.0	2.5	1473	$2,195	$1.49	5d	1	0.76mi
3846 Seabrook St Houston, TX	3.0	3.5	1833	$2,300	$1.25	45d	1	0.76mi
3732 Seabrook St Houston, TX	3.0	2.5	1727	$2,350	$1.36	25d	1	0.77mi
6926 Paris St Houston, TX	3.0	2.0	1276	$1,900	$1.49	0d	1	0.81mi
6928 Paris St Houston, TX	3.0	2.0	1276	$1,900	$1.49	0d	1	0.82mi
7321 Conley St Unit A Houston, TX	3.0	2.5	1869	$2,025	$1.08	22d	1	0.82mi
7321 Conley St Unit B Houston, TX	3.0	2.0	1501	$2,025	$1.35	22d	1	0.82mi
4705 Idaho St Houston, TX	3.0	2.5	1664	$2,500	$1.50	18d	1	0.86mi
3402 Nathaniel Brown St Unit B Houston, TX	3.0	2.5	1885	$2,025	$1.07	45d	1	0.94mi
7507 Springhill St Houston, TX	3.0	3.5	2000	$4,500	$2.25	45d	1	0.96mi
6532 Weston St Unit A Houston, TX	3.0	3.0	1484	$2,200	$1.48	19d	1	0.97mi
6528 Weston St Unit A Houston, TX	3.0	3.0	1484	$2,200	$1.48	45d	1	0.97mi
6528 Weston St Unit A Houston, TX	3.0	3.0	1484	$2,200	$1.48	0d	1	0.97mi
6109 Wayland St Houston, TX	4.0	2.0	1600	$1,595	$1.00	0d	1	1.07mi
7373 Ardmore St Houston, TX	1.0–3.0	1.0–2.0	1095	$1,887	$1.72	6d	24	1.17mi
7379 Ardmore St Unit 1303 Houston, TX	3.0	2.0	1442	$1,967	$1.36	23d	1	1.21mi
7379 Ardmore St Unit 1303 Houston, TX	3.0	2.0	1442	$1,967	$1.36	45d	1	1.21mi
3024 Charline Ave Houston, TX	3.0	3.5	1995	$2,950	$1.48	46d	1	1.22mi
2956 Old Spanish Trl Unit 436 Houston, TX	3.0	2.0	1412	$2,120	$1.50	45d	1	1.27mi
7806 Comal St Unit B Houston, TX	3.0	2.5	1800	$2,200	$1.22	45d	1	1.29mi
4530 Mayflower St Houston, TX	3.0	2.0	1302	$1,800	$1.38	45d	1	1.31mi
5130 Cosby St Unit 1056418P Houston, TX	5.0	3.0	2045	$6,344	$3.10	0d	1	1.31mi
4942 Bataan Rd Unit 77033 Houston, TX	4.0	2.0	1350	$1,800	$1.33	45d	1	1.32mi
2950 Old Spanish Trl Unit 2983 Houston, TX	3.0	2.0	1412	$2,220	$1.57	13d	1	1.35mi
2950 Old Spanish Trl Unit 3174 Houston, TX	3.0	2.0	1412	$2,209	$1.56	12d	1	1.35mi
2950 Old Spanish Trl Unit 3165 Houston, TX	3.0	2.0	1412	$2,169	$1.54	0d	1	1.35mi
5123 Dewberry St Houston, TX	4.0	2.0	1391	$2,400	$1.73	45d	1	1.38mi

Listing history 9 events

1. 2026-06-13
   statusdays on market $162,000 Pending 23 DOM
2. 2026-06-10
   days on market $162,000 Active 21 DOM
3. 2026-06-08
   days on market $162,000 Active 20 DOM
4. 2026-06-07
   days on market $162,000 Active 19 DOM
5. 2026-06-04
   days on market $162,000 Active 16 DOM
6. 2026-06-01
   days on market $162,000 Active 13 DOM
7. 2026-05-31
   days on market $162,000 Active 12 DOM
8. 2026-05-19
   listed $162,000 Active
9. 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: $3,714 · $310/mo
• Projected year-2 tax: $3,714 · $310/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) · 10% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 22 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: $29,905
• − Mortgage interest: −$9,075
• − Property taxes: −$3,714
• − Insurance: −$810
• − Repairs & maintenance: −$2,392
• − Management: −$2,392
• − Depreciation: −$4,713
• Taxable income: $6,809
• Est. tax owed @ 24.0%: −$1,634
• After-tax cash flow: $7,272/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): 26,153
• Household income: $45,574
• Rent vs Own: 58.2% rent · 41.8% own
• Severe rent burden: 2532.0

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: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: Black 62% Hispanic / Latino 22% Two or more races 12% White 10% Asian 2%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Italian 1% Romanian 1% Lithuanian 1%
• Foreign-born: 11% · Canada
• Languages at home: 77% English-only · Spanish 19% French/Haitian/Cajun 1% Other Indo-European 1%

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: ▼ -71.22%
• Current HPI: 230.2869
• Rent YoY: ▲ 2.17%
• 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

2 events — show timeline

• 2026-05-19 Listed $162,000 HARMLS
• 1988-01-02 Sold (Public Records) — Public Records

Property tax history

+2.7%/yr

Latest (2025): $3,714 · +8.2% YoY. Source: county tax records.