5628 Kiam St Unit B · Houston, TX
Flood risk 7/10 · Major
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.95%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $1,222 – $2,270
Heat risk 9/10 · Severe
- Hot days now (above 109°F)
- 7 days/yr
- Hot days in 30 yrs
- 25 days/yr
Wind risk 9/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
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 +23.2/30.0
- ARV discount +15.0/15.0
- DSCR +7.5/10.0
- 1% rule +6.8/10.0
- Livability +3.7/5.0
- Schools +2.7/10.0
- Condition / age +2.5/5.0
- Rent growth +2.3/5.0
- Appreciation +0.0/10.0
$399,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
This exceptionally high-end modern home, style boasts unique architectural design & quality finishes. With 10' high ceilings, solid maple wood floors, granite counter tops, glass bowl sinks, walk-in closets with built-ins, stainless steal appliances, washer & dryer, wine cooler, projector & so much more. The first floor has a bedroom & full bathroom. The second floor is filled with natural light & includes a gourmet kitchen & spacious living area. The master bed and bath, & a third bedroom & bath are located on the third floor. The utility room is also conveniently on the third floor. With balconies on every floor, there is a total of three outdoor living spaces, and a small back yard! Don't miss this special home in the heart of Cottage Grove. Walking distance to local park, corner store, local eatery/bar, local produce shop, little free library and bike trails all within the neighborhood. Just minutes away from Washington Corridor, Memorial Park, Jay-C Park, and Heights Shopping.
Key facts
- Primary sanctuary
- Gourmet cooking
- Open-concept living
Tags
Property features AI
Finance
- Other: Lease not considered
Exterior
- Parking: Attached 2-car garage with garage door opener
- Security: Prewired for security; Smoke detectors
- Utilities: Public water; Public sewer
- Home design: Residential property; Faces east
- Construction: Built in 2006; Stucco construction; Composition roof; Slab foundation
- Exterior features: Fenced yard; Private yard; Concrete road access
Interior
- Kitchen: Convection oven; Electric oven; Gas range; Microwave; Dishwasher; Disposal; Refrigerator
- Bedrooms: Total rooms: 6
- Flooring: Carpet; Slate; Tile; Wood
- Bathrooms: 3 full bathrooms; 1 half bathroom
- Heating & cooling: Central heating (gas); Central air (electric)
- Interior features: Granite counters; High ceilings; Hot tub / spa; Multiple staircases
- Laundry & utility: Washer and dryer included; Washer hookup; Electric dryer hookup; Gas dryer hookup
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/3.5-bath single-family listed at $399k.
Deal economics
- At list price, monthly cash flow is $660 ($8k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($5k rent vs $399k).
- Recommended offer: $393k (1.5% below list) — sets the bar for market timing.
- Cap rate 8.5% 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: Hogg Middle (math 44% / reading 48%, grade D+, #462 of 1,662 statewide, top 28%, 1,120 students, 52% FRL); Waltrip H S (math 15% / reading 32%, grade F, #1,342 of 1,632 statewide, top 82%, 1,597 students, 74% FRL).
- Market conditions: Rents soft (-0.8%/yr); 646 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 46% 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).
- This rent runs 39% of the median local income ($145k/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 $3k of loan paydown is wiped out by about $12k 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 28 days — a 2% lower offer ($393k) is reasonable based on typical stale-listing flexibility.
- 11 sale attempts since 21y ago 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.
Risks & watch-outs
- Watch-outs: flood insurance adds $66/mo.
- Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 1.18% ✓
- Cap rate
- 8.48%
- Cash-on-cash
- 7.80%
- DSCR
- 1.35
- GRM
- 7.1
CMA / ARV
- ARV (median comp)
- $487,655
- List price
- $399,000
- Delta
- -14.08%
- 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 |
|---|---|---|---|---|---|---|---|
| 6313 Chelsea Falls Ln | 0.33mi | 3/3.5 | 2,050 (+2%) | 2mo | $445,000 | $217 | 79 |
| 5540 Nolda St | 0.38mi | 3/2.5 | 2,000 (-0%) | 1mo | $400,000 | $200 | 77 |
| 5817 Darling St Unit D | 0.30mi | 3/2.5 | 2,041 (+2%) | 2mo | $400,000 | $196 | 77 |
| 5976 Kansas St | 0.46mi | 3/4.5 | 1,978 (-1%) | 1mo | $359,000 | $181 | 71 |
| 2115 Cohn St | 0.20mi | 3/3.5 | 2,287 (+14%) | 2mo | $449,990 | $197 | 66 |
| 5309 Eigel St | 0.62mi | 3/3.5 | 1,961 (-2%) | 2mo | $435,000 | $222 | 65 |
| 1506 Birdsall St | 0.53mi | 3/3.5 | 2,124 (+6%) | 1mo | $425,000 | $200 | 65 |
| 5903 Petty St Unit F | 0.36mi | 3/2.5 | 2,164 (+8%) | 2mo | $505,000 | $233 | 65 |
| 5337 Larkin St | 0.39mi | 3/2.5 | 2,157 (+8%) | 2mo | $599,000 | $278 | 64 |
| 3225 Maxroy St | 0.59mi | 3/3.5 | 2,099 (+5%) | 2mo | $425,000 | $202 | 63 |
| 1510 Birdsall St | 0.52mi | 3/3.5 | 2,268 (+13%) | 1mo | $389,000 | $172 | 53 |
| 1393 Studer St | 0.72mi | 2/2.5 (-1) | 1,784 (-11%) | 2mo | $375,000 | $210 | 37 |
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
- IRR
- -9.1%
- Equity multiple
- 0.68×
- Total profit
- $-36,154
- Equity at exit
- $59,492
- IRR
- -4.7%
- Equity multiple
- 0.74×
- Total profit
- $-29,603
- Equity at exit
- $34,498
Cash invested: $111,720 (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
ZIP-level market 77007
- Rents YoY
- -0.8%
- Active inventory
- 646
- Price-to-rent
- 7.1×
Monthly cashflow live
- Estimated rent
- $4,704 high interval (Pro) →
- Mortgage (P&I)
- −$2,092
- Tax from tax record
- −$731 /mo · $8,776/yr
- Insurance
- −$166
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$988
- Net cashflow
- $660
Break-even live
Sensitivity live
| Price | -10% $886 | -5% $773 | +0% $660 | +5% $547 | +10% $434 |
|---|---|---|---|---|---|
| Rent | -10% $288 | -5% $474 | +0% $660 | +5% $846 | +10% $1,032 |
| Rate | -1.0pp $861 | -0.5pp $761 | base $660 | +0.5pp $557 | +1.0pp $451 |
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
- $99,750
- Closing costs
- $11,970
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 39 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 5620 Petty St Houston, TX | 4.0 | 3.5 | 2891 | $8,750 | $3.03 | 44d | 1 | 0.02mi |
| 5620 Petty St Unit 1019538P Houston, TX | 4.0 | 3.5 | 2884 | $16,259 | $5.64 | 22d | 1 | 0.02mi |
| 5530 Kiam St Unit 1019540P Houston, TX | 4.0 | 2.5 | 2680 | $15,799 | $5.90 | 44d | 1 | 0.09mi |
| 5530 Kiam St Houston, TX | 4.0 | 2.5 | 2688 | $9,750 | $3.63 | 44d | 1 | 0.09mi |
| 5732 Darling St Unit 1056419P Houston, TX | 3.0 | 3.5 | 2400 | $7,771 | $3.24 | 44d | 1 | 0.19mi |
| 2210 Radcliffe St Houston, TX | 3.0 | 3.5 | 2066 | $2,716 | $1.31 | 8d | 1 | 0.21mi |
| 5427 Kansas St Houston, TX | 3.0 | 4.0 | 2156 | $2,700 | $1.25 | 44d | 1 | 0.22mi |
| 2103 Radcliffe St Unit 1225772P Houston, TX | 3.0 | 2.0 | 1797 | $4,729 | $2.63 | 8d | 1 | 0.24mi |
| 543 T C Jester Blvd Unit 1225766P Houston, TX | 3.0 | 3.5 | 2389 | $5,222 | $2.19 | 16d | 1 | 0.27mi |
| 5336 Darling St Unit 1225767P Houston, TX | 3.0 | 3.0 | 2292 | $5,570 | $2.43 | 8d | 1 | 0.34mi |
| 5235 Petty St Unit B Houston, TX | 3.0 | 2.5 | 2532 | $3,000 | $1.18 | 44d | 1 | 0.45mi |
| 5811 Maxie St Houston, TX | 3.0 | 3.5 | 2226 | $3,000 | $1.35 | 44d | 1 | 0.51mi |
| 5108 Larkin St Houston, TX | 3.0 | 3.5 | 2108 | $2,850 | $1.35 | 45d | 1 | 0.61mi |
| 5610 Schuler St Houston, TX | 3.0 | 3.5 | 2614 | $3,111 | $1.19 | 5d | 1 | 0.63mi |
| 920 Westcott St Houston, TX | 1.0–2.0 | 1.0–2.0 | 1175 | $3,306 | $2.81 | 1d | 29 | 0.71mi |
| 3001 W 11th St Houston, TX | 3.0 | 1.0–2.0 | 1031 | $4,533 | $4.40 | 1d | 50 | 0.72mi |
| 929 Westcott St Houston, TX | 1.0–3.0 | 1.0–3.0 | 1375 | $9,263 | $6.74 | 3d | 22 | 0.75mi |
| 5454 Washington Ave Unit 525 Houston, TX | 3.0 | 2.0 | 1444 | $2,694 | $1.87 | 3d | 1 | 0.75mi |
| 5454 Washington Ave Unit 5487 Houston, TX | 3.0 | 2.0 | 1444 | $2,726 | $1.89 | 11d | 1 | 0.75mi |
| 5305 Nett St Unit A Houston, TX | 3.0 | 3.5 | 2104 | $2,950 | $1.40 | 24d | 1 | 0.77mi |
| 4917 Nolda St Houston, TX | 3.0 | 3.5 | 1764 | $5,000 | $2.83 | 24d | 1 | 0.78mi |
| 5237 Center St Houston, TX | 3.0 | 3.0 | 2284 | $2,995 | $1.31 | 44d | 1 | 0.84mi |
| 4510 Inker St Houston, TX | 4.0 | 4.0 | 2293 | $4,500 | $1.96 | 44d | 1 | 1.05mi |
| 4508 Maxie St Unit B Houston, TX | 3.0 | 1.0 | 1700 | $3,003 | $1.77 | 15d | 1 | 1.08mi |
| 4608 Nett St Houston, TX | 3.0 | 4.0 | 2261 | $3,750 | $1.66 | 44d | 1 | 1.10mi |
| 4311 Marina St Houston, TX | 3.0 | 4.0 | 2328 | $3,599 | $1.55 | 44d | 1 | 1.15mi |
| 1723 W 14th St Unit B Houston, TX | 3.0 | 3.5 | 2373 | $3,400 | $1.43 | 21d | 1 | 1.18mi |
| 4444 Center St Houston, TX | 3.0 | 3.0 | 2121 | $3,200 | $1.51 | 44d | 1 | 1.22mi |
| 1126 W 16th St Houston, TX | 3.0 | 4.0 | 2494 | $4,295 | $1.72 | 44d | 1 | 1.29mi |
| 1332 Dorothy St Houston, TX | 3.0 | 3.5 | 2980 | $6,500 | $2.18 | 22d | 1 | 1.30mi |
| 100 Detering St Houston, TX | 1.0–3.0 | 1.0–3.0 | 1162 | $3,486 | $3.00 | 4d | 26 | 1.31mi |
| 1221 Bonner St Houston, TX | 3.0 | 3.5 | 2252 | $3,200 | $1.42 | 44d | 1 | 1.34mi |
| 5359 Memorial Dr Houston, TX | 3.0 | 2.0 | 1478 | $2,562 | $1.73 | 44d | 1 | 1.40mi |
| 525 Yale St Houston, TX | 2.0 | 1.0–2.0 | 1017 | $3,345 | $3.29 | 2d | 41 | 1.42mi |
| 5201 Memorial Dr Houston, TX | 1.0–2.0 | 1.0–2.5 | 1071 | $3,361 | $3.14 | 2d | 21 | 1.43mi |
| 655 Yale St Houston, TX | 2.0 | 1.0–2.0 | 978 | $2,842 | $2.91 | 2d | 39 | 1.44mi |
| 1157 W 18th St Houston, TX | 3.0 | 3.0 | 2431 | $3,500 | $1.44 | 44d | 1 | 1.45mi |
| 1113 W 18th St Unit C Houston, TX | 4.0 | 3.5 | 2150 | $3,249 | $1.51 | 44d | 1 | 1.47mi |
| 5353 Memorial Dr Houston, TX | 1.0–3.0 | 1.0–2.5 | 1118 | $3,095 | $2.77 | 2d | 19 | 1.48mi |
Listing history 36 events
-
2026-06-18days on market $399,000 Active 28 DOM
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2026-06-17days on market $399,000 Active 27 DOM
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2026-06-16days on market $399,000 Active 26 DOM
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2026-06-15days on market $399,000 Active 25 DOM
-
2026-06-13days on market $399,000 Active 23 DOM
-
2026-06-10days on market $399,000 Active 19 DOM
-
2026-06-08pricedays on market $399,000 Active 18 DOM
-
2026-06-07days on market $409,000 Active 17 DOM
-
2026-06-04days on market $409,000 Active 14 DOM
-
2026-06-01days on market $409,000 Active 11 DOM
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2026-05-31days on market $409,000 Active 10 DOM
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2026-04-20price $419,000 1017-char remark
-
2026-03-19$429,000 Active 1017-char remark
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2022-12-21soldstatus
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2022-12-19soldstatus Sold 1043-char remark
Show marketing remark (1043 chars)
This exceptionally high-end modern home, style boasts unique architectural design & quality finishes. With 10' high ceilings, solid maple wood floors, granite counter tops, glass bowl sinks, walk-in closets with built-ins, stainless steal appliances, washer & dryer, wine cooler, projector & so much more. The first floor has a bedroom & full bathroom. The second floor is filled with natural light & includes a gourmet kitchen & spacious living area. The master bed and bath, & a third bedroom & bath are located on the third floor. The utility room is also conveniently on the third floor. With balconies on every floor, there is a total of three outdoor living spaces, and a small back yard! Don't miss this special home in the heart of Cottage Grove. Walking distance to local park, corner store, local eatery/bar, local produce shop, little free library and bike trails all within the neighborhood. Just minutes away from Washington Corridor, Memorial Park, Jay-C Park, and Heights Shopping.
-
2022-12-02status Pending 1043-char remark
Show marketing remark (1043 chars)
This exceptionally high-end modern home, style boasts unique architectural design & quality finishes. With 10' high ceilings, solid maple wood floors, granite counter tops, glass bowl sinks, walk-in closets with built-ins, stainless steal appliances, washer & dryer, wine cooler, projector & so much more. The first floor has a bedroom & full bathroom. The second floor is filled with natural light & includes a gourmet kitchen & spacious living area. The master bed and bath, & a third bedroom & bath are located on the third floor. The utility room is also conveniently on the third floor. With balconies on every floor, there is a total of three outdoor living spaces, and a small back yard! Don't miss this special home in the heart of Cottage Grove. Walking distance to local park, corner store, local eatery/bar, local produce shop, little free library and bike trails all within the neighborhood. Just minutes away from Washington Corridor, Memorial Park, Jay-C Park, and Heights Shopping.
-
2022-11-26status Option Pending 1043-char remark
Show marketing remark (1043 chars)
This exceptionally high-end modern home, style boasts unique architectural design & quality finishes. With 10' high ceilings, solid maple wood floors, granite counter tops, glass bowl sinks, walk-in closets with built-ins, stainless steal appliances, washer & dryer, wine cooler, projector & so much more. The first floor has a bedroom & full bathroom. The second floor is filled with natural light & includes a gourmet kitchen & spacious living area. The master bed and bath, & a third bedroom & bath are located on the third floor. The utility room is also conveniently on the third floor. With balconies on every floor, there is a total of three outdoor living spaces, and a small back yard! Don't miss this special home in the heart of Cottage Grove. Walking distance to local park, corner store, local eatery/bar, local produce shop, little free library and bike trails all within the neighborhood. Just minutes away from Washington Corridor, Memorial Park, Jay-C Park, and Heights Shopping.
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2022-10-31price $399,000 1043-char remark
Show marketing remark (1043 chars)
This exceptionally high-end modern home, style boasts unique architectural design & quality finishes. With 10' high ceilings, solid maple wood floors, granite counter tops, glass bowl sinks, walk-in closets with built-ins, stainless steal appliances, washer & dryer, wine cooler, projector & so much more. The first floor has a bedroom & full bathroom. The second floor is filled with natural light & includes a gourmet kitchen & spacious living area. The master bed and bath, & a third bedroom & bath are located on the third floor. The utility room is also conveniently on the third floor. With balconies on every floor, there is a total of three outdoor living spaces, and a small back yard! Don't miss this special home in the heart of Cottage Grove. Walking distance to local park, corner store, local eatery/bar, local produce shop, little free library and bike trails all within the neighborhood. Just minutes away from Washington Corridor, Memorial Park, Jay-C Park, and Heights Shopping.
-
2022-10-31status Active 1043-char remark
Show marketing remark (1043 chars)
This exceptionally high-end modern home, style boasts unique architectural design & quality finishes. With 10' high ceilings, solid maple wood floors, granite counter tops, glass bowl sinks, walk-in closets with built-ins, stainless steal appliances, washer & dryer, wine cooler, projector & so much more. The first floor has a bedroom & full bathroom. The second floor is filled with natural light & includes a gourmet kitchen & spacious living area. The master bed and bath, & a third bedroom & bath are located on the third floor. The utility room is also conveniently on the third floor. With balconies on every floor, there is a total of three outdoor living spaces, and a small back yard! Don't miss this special home in the heart of Cottage Grove. Walking distance to local park, corner store, local eatery/bar, local produce shop, little free library and bike trails all within the neighborhood. Just minutes away from Washington Corridor, Memorial Park, Jay-C Park, and Heights Shopping.
-
2022-09-13$419,000 Active 1043-char remark
Show marketing remark (1043 chars)
This exceptionally high-end modern home, style boasts unique architectural design & quality finishes. With 10' high ceilings, solid maple wood floors, granite counter tops, glass bowl sinks, walk-in closets with built-ins, stainless steal appliances, washer & dryer, wine cooler, projector & so much more. The first floor has a bedroom & full bathroom. The second floor is filled with natural light & includes a gourmet kitchen & spacious living area. The master bed and bath, & a third bedroom & bath are located on the third floor. The utility room is also conveniently on the third floor. With balconies on every floor, there is a total of three outdoor living spaces, and a small back yard! Don't miss this special home in the heart of Cottage Grove. Walking distance to local park, corner store, local eatery/bar, local produce shop, little free library and bike trails all within the neighborhood. Just minutes away from Washington Corridor, Memorial Park, Jay-C Park, and Heights Shopping.
-
2022-09-13historical 1043-char remark
Show marketing remark (1043 chars)
This exceptionally high-end modern home, style boasts unique architectural design & quality finishes. With 10' high ceilings, solid maple wood floors, granite counter tops, glass bowl sinks, walk-in closets with built-ins, stainless steal appliances, washer & dryer, wine cooler, projector & so much more. The first floor has a bedroom & full bathroom. The second floor is filled with natural light & includes a gourmet kitchen & spacious living area. The master bed and bath, & a third bedroom & bath are located on the third floor. The utility room is also conveniently on the third floor. With balconies on every floor, there is a total of three outdoor living spaces, and a small back yard! Don't miss this special home in the heart of Cottage Grove. Walking distance to local park, corner store, local eatery/bar, local produce shop, little free library and bike trails all within the neighborhood. Just minutes away from Washington Corridor, Memorial Park, Jay-C Park, and Heights Shopping.
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2008-05-01soldstatus
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2007-11-08historical
-
2007-01-31$286,900
-
2007-01-11historical
-
2006-11-07$309,900
-
2006-11-07historical
-
2006-04-06historical
-
2006-03-23historical
-
2006-03-23historical
-
2006-03-15$295,000
-
2006-03-15$295,000
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2006-03-15$327,000
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2005-12-07historical
-
2005-12-05$295,000
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2005-06-30$295,000
ⓘ 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
- $8,776 · $731/mo
- Projected year-2 tax
- $8,776 · $731/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 7/10 Severe FEMA zone X (shaded) · 95% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 9/10 Extreme 7 d/yr ≥109°F today · 25 d/yr by 30 yrs out
- Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $56,452
- − Mortgage interest
- −$22,350
- − Property taxes
- −$8,776
- − Insurance
- −$2,792
- − Repairs & maintenance
- −$4,516
- − Management
- −$4,516
- − Depreciation
- −$11,607
- Taxable income
- $1,893
- Est. tax owed @ 24.0%
- −$454
- After-tax cash flow
- $7,465/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
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)
- 47,808
- Household income
- $144,911
- Rent vs Own
- Severe rent burden
- 1812.0
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 0.63)
- Race & ethnicity
- White 57% Hispanic / Latino 17% Two or more races 13% Asian 11% Black 9%
- Hispanic origin (detail)
- Mexican 12%
- Common ancestry
- Slovak 3% Romanian 3% Italian 3%
- Foreign-born
- 19% · Canada, China, South Korea
- Languages at home
- 75% English-only · Spanish 12% Other Indo-European 4% 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
- —
Market trends
- HPI YoY
- ▼ -219.42%
- Current HPI
- 159.8157
- Rent YoY
- ▼ -0.83%
- 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 |
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| Technology | 5 | $198B |
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| Engineering / Construction | 4 | $72B |
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| Energy Services | 3 | $60B |
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| Utilities | 3 | $41B |
|
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| Healthcare | 2 | $330B |
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Price history
+35.3% since first listed28 events — show timeline
- 2026-06-08 Price Changed $399,000 HARMLS
- 2026-05-21 Listing Removed — HARMLS
- 2026-05-21 Listed $409,000 HARMLS
- 2026-04-20 Price Changed $419,000 HARMLS
- 2026-03-19 Listed $429,000 HARMLS
- 2022-12-21 Sold (Public Records) — Public Records
- 2022-12-19 Sold (MLS) — HARMLS
- 2022-12-02 Pending — HARMLS
- 2022-11-26 Pending — HARMLS
- 2022-10-31 Price Changed $399,000 HARMLS
- 2022-10-31 Relisted — HARMLS
- 2022-09-13 Listed $419,000 HARMLS
- 2022-09-13 Listing Removed — HARMLS
- 2008-05-01 Sold (Public Records) — Public Records
- 2007-11-08 Listing Removed — HARMLS
- 2007-01-31 Listed $286,900 HARMLS
- 2007-01-11 Listing Removed — HARMLS
- 2006-11-07 Listing Removed — HARMLS
- 2006-11-07 Listed $309,900 HARMLS
- 2006-04-06 Listing Removed — HARMLS
- 2006-03-23 Listing Removed — HARMLS
- 2006-03-23 Listing Removed — HARMLS
- 2006-03-15 Listed $327,000 HARMLS
- 2006-03-15 Listed $295,000 HARMLS
- 2006-03-15 Listed $295,000 HARMLS
- 2005-12-07 Listing Removed — HARMLS
- 2005-12-05 Listed $295,000 HARMLS
- 2005-06-30 Listed $295,000 HARMLS
Property tax history
+6.8%/yrLatest (2025): $8,776 · +6.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…