7902 Bowen St · Houston, TX 77051

$205,000

3 bd · 1.0 ba · 1,280 sqft · SingleFamily public records · 5 Days on market

Built 2002 5,000 sqft lot Est $182k · 13% over

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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 +21.7/30.0
• Appreciation +10.0/10.0
• DSCR +6.9/10.0
• 1% rule +5.6/10.0
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• ARV discount +1.7/15.0

Listing remarks

Fantastic starter home in a prime location nestled between new construction homes. Recently updated with fresh paint and laminate flooring throughout, this charming property boasts a large pecan tree in the front yard and no rear neighbors. Enjoy easy access to freeways 610, Loop Hwy 288, and quick commutes to NRG and the Texas Medical Center. Surrounded by new construction, this home offers endless potential for enhancing its exterior appeal. Don't miss out on this amazing opportunity to own a cozy home on a quiet street with great potential.

Key facts

• Quiet street
• Large pecan tree
• No rear neighbors

Tags

• LARGE PECAN TREE
• NO REAR NEIGHBORS
• EASY ACCESS TO FREEWAYS
• QUICK COMMUTES TO NRG
• TEXAS MEDICAL CENTER
• QUIET STREET

Property features AI

Finance

• Other: Seller disclosure available

Exterior

• Parking: No dedicated parking
• Utilities: Public water; Public sewer
• Home design: Residential property; Faces east
• Construction: Built in 2002; Cement siding; Composition roof; Pillar/post/pier foundation
• Exterior features: Subdivision lot

Interior

• Kitchen: Dishwasher; Disposal; Oven
• Bedrooms: Primary bedroom (First floor) — 13 x 13; Bedroom (First floor) — 11 x 11; Bedroom (First floor) — 11 x 11; Bedroom (First floor) — 11 x 11
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Laminate counters; Combined living and dining area; 6 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $205k.

Deal economics

• At list price, monthly cash flow is $316 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $205k).
• Cap rate 8.1% vs local median 3.1% 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: Young El (math 17% / reading 17%, grade F, #3,836 of 4,322 statewide, top 91%, 385 students, 99% FRL); Attucks Middle (math 15% / reading 22%, grade F, #1,478 of 1,662 statewide, top 90%, 439 students, 98% FRL); Worthing H S (math 22% / reading 21%, grade F, #1,377 of 1,632 statewide, top 85%, 827 students, 96% FRL) — zoned schools average 97% FRL vs 71% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 19% at this address vs 31% district-wide (-12 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 (+4.8%/yr); 321 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); lower-income renter base — watch delinquency; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• At $2,182/mo this rent would consume 70% of the median local household income ($37k/yr) (locally 1446% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $22k of equity ($1k loan paydown + $20k appreciation (10.0% local appreciation)).
• Harris County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 4.8% rent growth), your $57k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 11y 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

• Climate carrying-cost: major flood risk; 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 $205,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 1.06% ✓
• Cap rate: 8.14%
• Cash-on-cash: 6.60%
• DSCR: 1.29
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $181,760
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3802 Rebecca St	0.37mi	3/2.0	1,348 (+5%)	4mo	$189,000	$140	66
8002 Colonial Ln	0.16mi	3/2.0	1,447 (+13%)	9mo	$235,000	$162	59
3846 Lydia St	0.40mi	3/2.0	1,164 (-9%)	7mo	$165,000	$142	57
3536 Rebecca St	0.64mi	3/2.5	1,332 (+4%)	4mo	$240,000	$180	54
8230 Woodward St	0.54mi	3/2.0	1,347 (+5%)	10mo	$155,000	$115	53
3454 Bacon St	0.72mi	3/2.0	1,278 (-0%)	11mo	$255,000	$200	52
8436 Lawler St	0.62mi	3/2.0	1,334 (+4%)	9mo	$177,900	$133	52
3902 Aledo St	0.67mi	3/1.0	1,176 (-8%)	4mo	$90,000	$77	52
4525 Newberry St	0.53mi	3/2.0	1,176 (-8%)	8mo	$245,000	$208	51
4423 Stassen St	0.46mi	2/2.0 (-1)	1,188 (-7%)	8mo	$149,000	$125	51
7247 Saint Augustine St	0.59mi	3/2.0	1,440 (+12%)	9mo	$150,000	$104	40
8015 Cannon St	0.63mi	2/1.0 (-1)	1,114 (-13%)	11mo	$175,000	$157	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 4.77% rent growth · sell at horizon

5-year hold

• IRR: 29.8%
• Equity multiple: 3.36×
• Total profit: $135,725
• Equity at exit: $184,680

10-year hold

• IRR: 26.4%
• Equity multiple: 7.84×
• Total profit: $392,560
• Equity at exit: $398,270

Cash invested: $57,400 (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 77051

• Home prices YoY: 9.7%
• Rents YoY: 4.8%
• Active inventory: 321
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,182 high
• Mortgage (P&I): −$1,075
• Tax from tax record: −$248 /mo · $2,970/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$458
• Net cashflow: $316

Break-even live

Break-even rent $1,782

Max offer price $205,000

Occupancy floor 81%

Sensitivity live

Price	-10% $432	-5% $374	+0% $316	+5% $257	+10% $199
Rent	-10% $143	-5% $229	+0% $316	+5% $402	+10% $488
Rate	-1.0pp $419	-0.5pp $368	base $316	+0.5pp $262	+1.0pp $208

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: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7806 Comal St Unit B Houston, TX	3.0	2.5	1800	$2,200	$1.22	45d	1	0.23mi
8010 Livingston St Houston, TX	3.0	2.0	1400	$1,800	$1.29	45d	1	0.34mi
3620 Du Bois St Unit 1302349P Houston, TX	3.0	2.5	1797	$2,945	$1.64	5d	1	0.39mi
4117 Shelby Cir Unit 1230900P Houston, TX	4.0	2.0	1367	$5,253	$3.84	1d	1	0.45mi
8328 Corinth St Unit B Houston, TX	3.0	2.5	1500	$2,800	$1.87	22d	1	0.49mi
3846 Seabrook St Houston, TX	3.0	3.5	1833	$2,300	$1.25	45d	1	0.52mi
7321 Conley St Unit B Houston, TX	3.0	2.0	1501	$2,025	$1.35	22d	1	0.54mi
7321 Conley St Unit A Houston, TX	3.0	2.5	1869	$2,025	$1.08	22d	1	0.54mi
3732 Seabrook St Houston, TX	3.0	2.5	1727	$2,350	$1.36	26d	1	0.57mi
4530 Mayflower St Houston, TX	3.0	2.0	1302	$1,800	$1.38	45d	1	0.59mi
3655 Seabrook St Unit 6 Houston, TX	2.0	1.0	1600	$1,000	$0.62	45d	1	0.62mi
4406 Sterling St Houston, TX	3.0	2.5	1840	$1,999	$1.09	19d	1	0.66mi
4609 Bricker St Unit C Houston, TX	2.0	1.5	1100	$3,200	$2.91	15d	1	0.68mi
4609 Bricker St Unit ABC Houston, TX	3.0	2.5	1375	$3,500	$2.55	13d	1	0.68mi
4609 Bricker St Unit B Houston, TX	3.0	2.5	1300	$3,500	$2.69	15d	1	0.68mi
4601 White Rock St Unit A Houston, TX	3.0	2.5	1700	$2,500	$1.47	45d	1	0.70mi
4613 Bricker St Unit B Houston, TX	3.0	2.5	1600	$2,300	$1.44	45d	1	0.70mi
8521 Dosia St Houston, TX	3.0	2.0	1028	$1,665	$1.62	15d	1	0.78mi
8107 Calhoun Rd Houston, TX	3.0	2.5	1304	$2,250	$1.73	26d	1	0.83mi
8606 Lee Otis St Houston, TX	4.0	2.5	1869	$1,975	$1.06	1d	1	0.83mi
7032 Conley St Houston, TX	3.0	2.0	1220	$2,850	$2.34	45d	1	0.85mi
4514 Galesburg St Unit B Houston, TX	3.0	2.5	1680	$3,500	$2.08	26d	1	0.89mi
4526 Knoxville St Unit A Houston, TX	3.0	2.5	1474	$1,775	$1.20	17d	1	0.95mi
3088 Holly Hall St Unit 1 Houston, TX	2.0	2.5	1600	$1,750	$1.09	17d	1	1.07mi
3137 W Bellfort Ave Houston, TX	2.0	2.0	1164	$1,802	$1.55	45d	1	1.08mi
2968 Holly Hall St Houston, TX	2.0	3.0	1600	$2,000	$1.25	45d	1	1.09mi
8181 El Mundo St Houston, TX	1.0–3.0	1.0–2.5	1356	$2,262	$1.67	1d	48	1.10mi
8181 El Mundo St Houston, TX	1.0–3.0	1.0–2.0	1241	$2,041	$1.64	26d	18	1.10mi
6928 Paris St Houston, TX	3.0	2.0	1276	$1,900	$1.49	1d	1	1.11mi
6926 Paris St Houston, TX	3.0	2.0	1276	$1,900	$1.49	1d	1	1.11mi
2924 Holly Hall St Houston, TX	2.0	3.0	1600	$1,950	$1.22	45d	1	1.14mi
7358 Guadalcanal Rd Houston, TX	3.0	3.0	1768	$2,195	$1.24	45d	1	1.17mi
3360 Alice St Unit 3047 Houston, TX	3.0	2.0	1154	$1,172	$1.02	13d	1	1.17mi
3360 Alice St Unit 2047 Houston, TX	2.0	2.0	968	$1,347	$1.39	5d	1	1.17mi
3360 Alice St Unit 3174 Houston, TX	3.0	2.0	1154	$1,172	$1.02	0d	1	1.17mi
3360 Alice St Unit 510 Houston, TX	3.0	2.0	1154	$1,172	$1.02	14d	1	1.17mi
3360 Alice St Unit 2292 Houston, TX	2.0	2.0	945	$998	$1.06	46d	1	1.17mi
3360 Alice St Unit 2162 Houston, TX	2.0	2.0	968	$1,323	$1.37	9d	1	1.17mi
3360 Alice St Unit 3387 Houston, TX	2.0	2.0	968	$1,358	$1.40	0d	1	1.17mi
3360 Alice St Unit 2174 Houston, TX	2.0	2.0	968	$1,348	$1.39	1d	1	1.17mi

Listing history 4 events

1. 2026-06-21
   days on market $205,000 Active 5 DOM
2. 2026-06-18
   days on market $205,000 Active 2 DOM
3. 2026-06-17
   remarks 549-char remark
4. 2026-06-17
   listed $205,000 Active 1 DOM

ⓘ 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: $2,970 · $248/mo
• Projected year-2 tax: $3,752 · $313/mo
• Expected delta: +$781/yr (+$65/mo · 26.3%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 68% 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: $26,179
• − Mortgage interest: −$11,483
• − Property taxes: −$2,970
• − Insurance: −$1,025
• − Repairs & maintenance: −$2,094
• − Management: −$2,094
• − Depreciation: −$5,964
• Taxable income: $549
• Est. tax owed @ 24.0%: −$132
• After-tax cash flow: $3,654/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): 19,795
• Household income: $37,415
• Rent vs Own: 58.2% rent · 41.8% own
• Severe rent burden: 1446.0

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: Predominantly Black (77%)
• Race & ethnicity: Black 77% Hispanic / Latino 16% Two or more races 11% White 3%
• Hispanic origin (detail): Mexican 6% Puerto Rican 1%
• Foreign-born: 8% · Canada, China
• Languages at home: 88% English-only · Spanish 10%

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: ▲ 16.02%
• Current HPI: 180.4283
• Rent YoY: ▲ 4.77%
• 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

+90.7% since first listed

8 events — show timeline

• 2026-06-16 Listed $205,000 HARMLS
• 2015-10-20 Sold (Public Records) — Public Records
• 2015-10-20 Sold (Public Records) — Public Records
• 2015-10-16 Listing Removed — HARMLS
• 2015-10-03 Pending — HARMLS
• 2015-08-29 Price Changed $95,500 HARMLS
• 2015-08-25 Listed $107,500 HARMLS
• 1988-01-02 Sold (Public Records) — Public Records

Property tax history

+2.7%/yr

Latest (2025): $2,970 · -12.3% YoY. Source: county tax records.