4838 Eldorado Rose Pl · Houston, TX 77493

$261,000

3 bd · 2.0 ba · 1,582 sqft · SingleFamily public records · 49 Days on market

Built 2021 Good condition 5,382 sqft lot $165/sqft · 19% below area Est $322k · 19% under $58/mo HOA · 2% of rent ↓ 10% since listing

---

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).

• ARV discount +15.0/15.0
• Cash flow +7.4/30.0
• Schools +5.7/10.0
• 1% rule +4.1/10.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• Rent growth +2.3/5.0
• DSCR +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great house completed in 2021 with stone cladding, stone countertop, and no carpet. Spacious rooms, beautiful kitchen, and high ceilings with can lights provide a sense of elevation. Perfect for modern families with designated areas for dining. Features a welcoming front porch, family room, and a lovely kitchen that opens to a breakfast room. Master bedroom includes suite bathroom with standing shower and walk-in closet. All secondary bedrooms have walk-in closets. Located at 4838 Eldorado Rose Place. Don't miss out on this charming single-story home in Porter Ranch! Katy ISD Schools

Key facts

• 5,382 sq ft lot
• 2 garage spots
• Built 2021

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $261k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-338 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $201k (22.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $237k (9.3% below list).
• Recommended offer: $201k (22.8% below list) — sets the bar for cash-flow.
• Cap rate 4.7% 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.
• 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.
• Zoned schools: Robert King El (math 41% / reading 44%, grade F, #1,313 of 4,322 statewide, top 31%, 981 students, 68% FRL); Katy J H (math 52% / reading 51%, grade C, #318 of 1,662 statewide, top 20%, 1,094 students, 53% FRL); Katy H S (math 62% / reading 74%, grade B, #150 of 1,632 statewide, top 10%, 3,330 students, 38% FRL) — zoned schools average 53% FRL vs 27% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-0.8%/yr); 2729 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $8k 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 49 days — a 3% lower offer ($253k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y ago; this cycle's ask has dropped $16k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $201,376 (22.8% 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 49 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.91% ✗
• Cap rate: 4.74%
• Cash-on-cash: -5.54%
• DSCR: 0.75
• GRM: 9.2

CMA / ARV

• ARV (median comp): $321,650
• List price: $261,000
• Delta: -18.86%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
24319 Palomino Sage Trl	0.10mi	3/2.0	1,615 (+2%)	6mo	$279,995	$173	87
5207 Splendid Cir	0.38mi	3/2.0	1,677 (+6%)	1mo	$314,900	$188	71
5010 Royal Regiment Ln	0.42mi	3/2.0	1,513 (-4%)	3mo	$288,000	$190	71
5010 Rue Dela Croix Dr N	0.56mi	3/2.0	1,623 (+3%)	2mo	$275,000	$169	68
5403 Nobel Earl Ct	0.60mi	3/2.0	1,581 (-0%)	5mo	$299,900	$190	68
5311 Royal Press Dr	0.68mi	3/2.0	1,614 (+2%)	2mo	$273,888	$170	63
4407 Reese Ravine Ln	0.46mi	3/2.0	1,691 (+7%)	6mo	$309,995	$183	62
24214 Golden Fallow Dr	0.59mi	3/2.0	1,688 (+7%)	7mo	$329,500	$195	56
24751 Heirloom Ln	0.47mi	3/2.0	1,785 (+13%)	1mo	$339,000	$190	55
23647 Red Rowan Ln	0.73mi	3/3.0	1,734 (+10%)	1mo	$397,786	$229	45
4123 Meadowlark Creek Ln	0.72mi	3/2.0	1,767 (+12%)	4mo	$309,999	$175	44
24630 Royal Pike Dr	0.70mi	3/2.0	1,805 (+14%)	3mo	$295,000	$163	41

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: -30.0%
• Equity multiple: 0.04×
• Total profit: $-70,446
• Equity at exit: $38,916

10-year hold

• IRR: -57.6%
• Equity multiple: -0.57×
• Total profit: $-114,691
• Equity at exit: $22,567

Cash invested: $73,080 (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: 2729
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,368 high
• Mortgage (P&I): −$1,369
• Tax from tax record: −$673 /mo · $8,076/yr
• Insurance: −$109
• HOA: −$58
• Vacancy / Maint / Mgmt: −$497
• Net cashflow: $-338

Break-even live

Break-even rent $2,796

Max offer price $201,376

Occupancy floor —

Sensitivity live

Price	-10% $-190	-5% $-264	+0% $-338	+5% $-411	+10% $-485
Rent	-10% $-525	-5% $-431	+0% $-338	+5% $-244	+10% $-150
Rate	-1.0pp $-206	-0.5pp $-271	base $-338	+0.5pp $-405	+1.0pp $-474

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: $65,250
• Closing costs: $7,830
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
24246 Palomino Sage Trl Katy, TX	3.0	2.0	1860	$2,305	$1.24	46d	1	0.12mi
5022 Brewcastle Ln Katy, TX	3.0	2.0	1524	$2,100	$1.38	45d	1	0.40mi
24508 Clay Rd Unit AVL2 Katy, TX	2.0	2.0	1053	$1,785	$1.70	5d	1	0.87mi
4019 Ventana Ridge Dr Katy, TX	3.0–4.0	2.0–2.5	1622	$2,145	$1.32	0d	5	0.96mi
5103 Visionary Dr Katy, TX	3.0–4.0	2.0–2.5	1692	$2,121	$1.25	3d	9	1.00mi
23030 Cunningham Falls Trl Katy, TX	1.0–3.0	1.0–2.0	1213	$2,900	$2.39	0d	242	1.26mi
3030 Galileo Way Katy, TX	2.0–3.0	2.5	1285	$2,375	$1.85	12d	10	1.32mi
22865 Terrazzo Dr Katy, TX	4.0	2.5	2017	$2,759	$1.37	17d	1	1.44mi
22855 Terrazzo Dr Katy, TX	3.0	2.5	1667	$2,399	$1.44	14d	1	1.46mi
22841 Terrazzo Dr Katy, TX	3.0	2.5	1464	$2,249	$1.54	7d	1	1.48mi
22851 Terazzo Dr Katy, TX	3.0–4.0	2.5–3.0	1740	$2,239	$1.29	0d	1	1.49mi

HOA detail

• Monthly dues: $58 · $696/yr

Listing history 10 events

1. 2026-05-04
   status Pending 592-char remark

   Show marketing remark (592 chars)

   Great house completed in 2021 with stone cladding, stone countertop, and no carpet. Spacious rooms, beautiful kitchen, and high ceilings with can lights provide a sense of elevation. Perfect for modern families with designated areas for dining. Features a welcoming front porch, family room, and a lovely kitchen that opens to a breakfast room. Master bedroom includes suite bathroom with standing shower and walk-in closet. All secondary bedrooms have walk-in closets. Located at 4838 Eldorado Rose Place. Don't miss out on this charming single-story home in Porter Ranch! Katy ISD Schools

2. 2026-04-27
   price $261,000 592-char remark

   Show marketing remark (592 chars)

   Great house completed in 2021 with stone cladding, stone countertop, and no carpet. Spacious rooms, beautiful kitchen, and high ceilings with can lights provide a sense of elevation. Perfect for modern families with designated areas for dining. Features a welcoming front porch, family room, and a lovely kitchen that opens to a breakfast room. Master bedroom includes suite bathroom with standing shower and walk-in closet. All secondary bedrooms have walk-in closets. Located at 4838 Eldorado Rose Place. Don't miss out on this charming single-story home in Porter Ranch! Katy ISD Schools

3. 2026-04-24
   price $263,000 592-char remark

   Show marketing remark (592 chars)

   Great house completed in 2021 with stone cladding, stone countertop, and no carpet. Spacious rooms, beautiful kitchen, and high ceilings with can lights provide a sense of elevation. Perfect for modern families with designated areas for dining. Features a welcoming front porch, family room, and a lovely kitchen that opens to a breakfast room. Master bedroom includes suite bathroom with standing shower and walk-in closet. All secondary bedrooms have walk-in closets. Located at 4838 Eldorado Rose Place. Don't miss out on this charming single-story home in Porter Ranch! Katy ISD Schools

4. 2026-04-21
   price $267,000 592-char remark

   Show marketing remark (592 chars)

   Great house completed in 2021 with stone cladding, stone countertop, and no carpet. Spacious rooms, beautiful kitchen, and high ceilings with can lights provide a sense of elevation. Perfect for modern families with designated areas for dining. Features a welcoming front porch, family room, and a lovely kitchen that opens to a breakfast room. Master bedroom includes suite bathroom with standing shower and walk-in closet. All secondary bedrooms have walk-in closets. Located at 4838 Eldorado Rose Place. Don't miss out on this charming single-story home in Porter Ranch! Katy ISD Schools

5. 2026-04-07
   price $272,000 592-char remark

   Show marketing remark (592 chars)

   Great house completed in 2021 with stone cladding, stone countertop, and no carpet. Spacious rooms, beautiful kitchen, and high ceilings with can lights provide a sense of elevation. Perfect for modern families with designated areas for dining. Features a welcoming front porch, family room, and a lovely kitchen that opens to a breakfast room. Master bedroom includes suite bathroom with standing shower and walk-in closet. All secondary bedrooms have walk-in closets. Located at 4838 Eldorado Rose Place. Don't miss out on this charming single-story home in Porter Ranch! Katy ISD Schools

6. 2026-03-16
   listed $277,000 Active 592-char remark

   Show marketing remark (592 chars)

   Great house completed in 2021 with stone cladding, stone countertop, and no carpet. Spacious rooms, beautiful kitchen, and high ceilings with can lights provide a sense of elevation. Perfect for modern families with designated areas for dining. Features a welcoming front porch, family room, and a lovely kitchen that opens to a breakfast room. Master bedroom includes suite bathroom with standing shower and walk-in closet. All secondary bedrooms have walk-in closets. Located at 4838 Eldorado Rose Place. Don't miss out on this charming single-story home in Porter Ranch! Katy ISD Schools

7. 2021-11-22
   soldstatus Sold 654-char remark

   Show marketing remark (654 chars)

   NEW! Lennar Magnolia Collection "Dalton" Plan with Brick Elevation "D" in Porter Ranch! The charming single story Dalton floor plan by Lennar features a welcoming front porch and entry foyer, a family room, and a lovely kitchen which opens to a cheery breakfast room, that offers access to a covered rear patio. A handy walk-in utility room is located just off the master bedroom. The master bedroom features an en suite master bathroom with a private toilet enclosure, standing shower, and access to a spacious, walk-in master closet. All secondary bedrooms feature walk-in closets. * HOME ESTIMATED TO BE COMPLETE, November, 2021. *

8. 2021-10-19
   status Pending 654-char remark

   Show marketing remark (654 chars)

   NEW! Lennar Magnolia Collection "Dalton" Plan with Brick Elevation "D" in Porter Ranch! The charming single story Dalton floor plan by Lennar features a welcoming front porch and entry foyer, a family room, and a lovely kitchen which opens to a cheery breakfast room, that offers access to a covered rear patio. A handy walk-in utility room is located just off the master bedroom. The master bedroom features an en suite master bathroom with a private toilet enclosure, standing shower, and access to a spacious, walk-in master closet. All secondary bedrooms feature walk-in closets. * HOME ESTIMATED TO BE COMPLETE, November, 2021. *

9. 2021-10-12
   price $280,000 654-char remark

   Show marketing remark (654 chars)

   NEW! Lennar Magnolia Collection "Dalton" Plan with Brick Elevation "D" in Porter Ranch! The charming single story Dalton floor plan by Lennar features a welcoming front porch and entry foyer, a family room, and a lovely kitchen which opens to a cheery breakfast room, that offers access to a covered rear patio. A handy walk-in utility room is located just off the master bedroom. The master bedroom features an en suite master bathroom with a private toilet enclosure, standing shower, and access to a spacious, walk-in master closet. All secondary bedrooms feature walk-in closets. * HOME ESTIMATED TO BE COMPLETE, November, 2021. *

10. 2021-09-10
    listed $288,990 Active 654-char remark

    Show marketing remark (654 chars)

    NEW! Lennar Magnolia Collection "Dalton" Plan with Brick Elevation "D" in Porter Ranch! The charming single story Dalton floor plan by Lennar features a welcoming front porch and entry foyer, a family room, and a lovely kitchen which opens to a cheery breakfast room, that offers access to a covered rear patio. A handy walk-in utility room is located just off the master bedroom. The master bedroom features an en suite master bathroom with a private toilet enclosure, standing shower, and access to a spacious, walk-in master closet. All secondary bedrooms feature walk-in closets. * HOME ESTIMATED TO BE COMPLETE, November, 2021. *

ⓘ 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: $8,076 · $673/mo
• Projected year-2 tax: $8,076 · $673/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 (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 23 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: $28,420
• − Mortgage interest: −$14,620
• − Property taxes: −$8,076
• − Insurance: −$1,305
• − Repairs & maintenance: −$2,274
• − Management: −$2,274
• − HOA: −$696
• − Depreciation: −$7,593
• Taxable loss: −$8,417
• Est. tax savings @ 24.0%: +$2,020
• After-tax cash flow: $-2,030/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

This single-family home in Porter Ranch is in good condition with a good condition score of 80. It has a modern kitchen and bathrooms, and is well-maintained. The home is ready for a fresh coat of paint and new countertops to further enhance its value.

Value-add opportunities

• Both paint interior walls — fresh paint enhances curb appeal and interior aesthetics
• Both install new flooring in bathrooms — new flooring in bathrooms can significantly improve the home's appearance and functionality
• Both install new countertops in kitchen — new countertops can enhance the kitchen's functionality and aesthetic appeal

Renovation cost estimate screening

Value-add ROI direction

• Both paint interior walls — fresh paint enhances curb appeal and interior aesthetics ↑
• Both install new flooring in bathrooms — new flooring in bathrooms can significantly improve the home's appearance and functionality ↑
• Both install new countertops in kitchen — new countertops can enhance the kitchen's functionality and aesthetic appeal ↑

ⓘ 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 — 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

• County: Harris County · 4,702,590 people
• City population: 3,226,434
• 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

-9.7% since first listed

10 events — show timeline

• 2026-05-04 Pending — HARMLS
• 2026-04-27 Price Changed $261,000 HARMLS
• 2026-04-24 Price Changed $263,000 HARMLS
• 2026-04-21 Price Changed $267,000 HARMLS
• 2026-04-07 Price Changed $272,000 HARMLS
• 2026-03-16 Listed $277,000 HARMLS
• 2021-11-22 Sold (MLS) — HARMLS
• 2021-10-19 Pending — HARMLS
• 2021-10-12 Price Changed $280,000 HARMLS
• 2021-09-10 Listed $288,990 HARMLS

Property tax history

+72.2%/yr

Latest (2025): $8,076 · -0.3% YoY. Source: county tax records.