5723 Petty St · Houston, TX 77007

$375,000

3 bd · 3.5 ba · 2,066 sqft · SingleFamily public records · 17 Days on market

Built 2005 1,725 sqft lot $182/sqft · 22% below area Est $484k · 22% under

---

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 +25.5/30.0
• ARV discount +15.0/15.0
• DSCR +8.5/10.0
• 1% rule +7.6/10.0
• 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

Listing remarks

= Fantastic opportunity to own a beautiful three-story interior end-unit townhome in the heart of * * Cottage Grove * * . This home offers * * 3 bedrooms, 3.5 bathrooms, and a 2-car attached garage * * with a functional layout designed for comfort and convenience. The first floor includes a private bedroom with a full bath, perfect for guests or a home office. The second floor features the main living area with * * vaulted ceilings, hardwood floors, a gas fireplace, and a bright open layout * * . The kitchen includes * * granite countertops, stainless steel appliances, and a large island * * . The third floor offers a spacious primary suite with a * * jetted tub, separate sho

Key facts

• Private bedroom
• Main living area
• Large island

Tags

• PRIVATE BEDROOM
• MAIN LIVING AREA
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• LARGE ISLAND
• JETTED TUB

Property features AI

Finance

• Other: Green features include energy-efficient thermostat and windows; Lot noted as 'Other' (approximately 1,725 square feet)

Exterior

• Parking: Attached garage with 2 spaces
• Security: Owned security system; Smoke detectors
• Utilities: Public water; Public sewer
• Home design: Residential property; Slab foundation; Composition roof; Built in 2005
• Construction: Cement siding; Stucco exterior
• Exterior features: Balcony; Patio/porch balcony

Interior

• Kitchen: Gas oven; Gas range; Microwave; Dishwasher; Garbage disposal
• Flooring: Carpet; Slate; Wood
• Bathrooms: Three full bathrooms; One half bathroom
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Double vanity; High ceilings; Jetted tub; Separate shower; Ceiling fans; Programmable thermostat; Low emissivity windows; One fireplace; Seven total rooms
• Laundry & utility: Washer included; Dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/3.5-bath single-family listed at $375k.

Deal economics

• At list price, monthly cash flow is $876 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $375k).
• Recommended offer: $369k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.1% 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; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $11k 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 17 days — a 2% lower offer ($369k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 16y 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: moderate 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.

Recommended offer $369,375 (1.5% below list)

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: 1.26% ✓
• Cap rate: 9.10%
• Cash-on-cash: 10.01%
• DSCR: 1.45
• GRM: 6.6

CMA / ARV

• ARV (median comp): $483,855
• List price: $375,000
• Delta: -20.45%
• 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
5903 Petty St Unit F	0.22mi	3/2.5	2,164 (+5%)	1mo	$505,000	$233	76
5540 Nolda St	0.38mi	3/2.5	2,000 (-3%)	1mo	$400,000	$200	72
5976 Kansas St	0.35mi	3/4.5	1,978 (-4%)	1mo	$359,000	$181	71
2115 Cohn St	0.22mi	3/3.5	2,287 (+11%)	2mo	$449,990	$197	70
1506 Birdsall St	0.52mi	3/3.5	2,124 (+3%)	1mo	$425,000	$200	70
5337 Larkin St	0.48mi	3/2.5	2,157 (+4%)	2mo	$599,000	$278	65
1510 Birdsall St	0.51mi	3/3.5	2,268 (+10%)	1mo	$389,000	$172	59
5410A Nolda St	0.49mi	3/3.5	2,346 (+14%)	1mo	$669,900	$286	54
5310 Larkin St Unit B	0.55mi	3/3.5	2,354 (+14%)	1mo	$399,000	$169	51
5311 Kiam St Unit B	0.55mi	3/3.5	2,347 (+14%)	2mo	$469,000	$200	51
6605 Letein St	0.48mi	3/2.5	2,344 (+14%)	1mo	$550,000	$235	50
2411 Detering St	0.57mi	3/2.5	2,334 (+13%)	2mo	$615,000	$263	46

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: -4.9%
• Equity multiple: 0.82×
• Total profit: $-18,573
• Equity at exit: $55,914

10-year hold

• IRR: 0.5%
• Equity multiple: 1.03×
• Total profit: $3,149
• Equity at exit: $32,423

Cash invested: $105,000 (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 77007

• Rents YoY: -0.8%
• Active inventory: 646
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $4,721 high
• Mortgage (P&I): −$1,967
• Tax from tax record: −$731 /mo · $8,767/yr
• Insurance: −$156
• HOA: −$0
• Vacancy / Maint / Mgmt: −$991
• Net cashflow: $876

Break-even live

Break-even rent $3,612

Max offer price $375,000

Occupancy floor 76%

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: $93,750
• Closing costs: $11,250
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5732 Darling St Unit 1056419P Houston, TX	3.0	3.5	2400	$7,771	$3.24	43d	1	0.06mi
5620 Petty St Unit 1019538P Houston, TX	4.0	3.5	2884	$16,259	$5.64	22d	1	0.13mi
5620 Petty St Houston, TX	4.0	3.5	2891	$8,750	$3.03	43d	1	0.13mi
5530 Kiam St Unit 1019540P Houston, TX	4.0	2.5	2680	$15,799	$5.90	43d	1	0.22mi
5530 Kiam St Houston, TX	4.0	2.5	2688	$9,750	$3.63	43d	1	0.22mi
2103 Radcliffe St Unit 1225772P Houston, TX	3.0	2.0	1797	$4,729	$2.63	7d	1	0.30mi
2210 Radcliffe St Houston, TX	3.0	3.5	2066	$2,716	$1.31	7d	1	0.31mi
5427 Kansas St Houston, TX	3.0	4.0	2156	$2,700	$1.25	43d	1	0.36mi
543 T C Jester Blvd Unit 1225766P Houston, TX	3.0	3.5	2389	$5,222	$2.19	16d	1	0.40mi
5336 Darling St Unit 1225767P Houston, TX	3.0	3.0	2292	$5,570	$2.43	7d	1	0.46mi
5811 Maxie St Houston, TX	3.0	3.5	2226	$3,000	$1.35	43d	1	0.49mi
5235 Petty St Unit B Houston, TX	3.0	2.5	2532	$3,000	$1.18	43d	1	0.57mi
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	0.67mi
929 Westcott St Houston, TX	1.0–3.0	1.0–3.0	1375	$9,263	$6.74	3d	22	0.68mi
3001 W 11th St Houston, TX	3.0	1.0–2.0	1031	$4,533	$4.40	1d	50	0.69mi
5108 Larkin St Houston, TX	3.0	3.5	2108	$2,850	$1.35	44d	1	0.72mi
5454 Washington Ave Unit 5487 Houston, TX	3.0	2.0	1444	$2,726	$1.89	11d	1	0.76mi
5454 Washington Ave Unit 525 Houston, TX	3.0	2.0	1444	$2,694	$1.87	3d	1	0.76mi
5305 Nett St Unit A Houston, TX	3.0	3.5	2104	$2,950	$1.40	24d	1	0.79mi
5237 Center St Houston, TX	3.0	3.0	2284	$2,995	$1.31	43d	1	0.87mi
4917 Nolda St Houston, TX	3.0	3.5	1764	$5,000	$2.83	24d	1	0.87mi
4510 Inker St Houston, TX	4.0	4.0	2293	$4,500	$1.96	43d	1	1.14mi
4508 Maxie St Unit B Houston, TX	3.0	1.0	1700	$3,003	$1.77	15d	1	1.17mi
4608 Nett St Houston, TX	3.0	4.0	2261	$3,750	$1.66	43d	1	1.17mi
4311 Marina St Houston, TX	3.0	4.0	2328	$3,599	$1.55	43d	1	1.25mi
4444 Center St Houston, TX	3.0	3.0	2121	$3,200	$1.51	43d	1	1.29mi
100 Detering St Houston, TX	1.0–3.0	1.0–3.0	1162	$3,486	$3.00	3d	26	1.29mi
1723 W 14th St Unit B Houston, TX	3.0	3.5	2373	$3,400	$1.43	20d	1	1.30mi
5359 Memorial Dr Houston, TX	3.0	2.0	1478	$2,562	$1.73	43d	1	1.37mi
1126 W 16th St Houston, TX	3.0	4.0	2494	$4,295	$1.72	43d	1	1.38mi
5201 Memorial Dr Houston, TX	1.0–2.0	1.0–2.5	1071	$3,361	$3.14	1d	21	1.42mi
1221 Bonner St Houston, TX	3.0	3.5	2252	$3,200	$1.42	43d	1	1.42mi
1332 Dorothy St Houston, TX	3.0	3.5	2980	$6,500	$2.18	22d	1	1.43mi
5353 Memorial Dr Houston, TX	1.0–3.0	1.0–2.5	1118	$3,095	$2.77	2d	19	1.47mi

Listing history 37 events

1. 2026-06-18
   days on market $375,000 Active 17 DOM
2. 2026-06-17
   days on market $375,000 Active 16 DOM
3. 2026-06-16
   days on market $375,000 Active 15 DOM
4. 2026-06-15
   days on market $375,000 Active 14 DOM
5. 2026-06-13
   days on market $375,000 Active 12 DOM
6. 2026-06-09
   days on market $375,000 Active 8 DOM
7. 2026-06-08
   days on market $375,000 Active 7 DOM
8. 2026-06-07
   days on market $375,000 Active 6 DOM
9. 2026-06-04
   days on market $375,000 Active 3 DOM
10. 2026-06-03
    days on market $375,000 Active 2 DOM
11. 2026-06-02
    pricedays on marketlisting id $375,000 Active 1 DOM
12. 2026-06-01
    days on market $384,900 Active 33 DOM
13. 2026-05-31
    days on market $384,900 Active 32 DOM
14. 2026-04-29
    historical
15. 2026-04-29
    listed $384,900 Active 761-char remark
16. 2026-04-03
    price $389,000
17. 2026-03-05
    listed $399,500 Active
18. 2023-11-03
    soldstatus
19. 2023-11-01
    soldstatus Sold
20. 2023-10-13
    status Pending
21. 2023-10-06
    status Option Pending
22. 2023-09-28
    listed $399,900 Active
23. 2012-08-13
    soldstatus
24. 2012-08-09
    soldstatus
25. 2012-07-02
    historical
26. 2012-06-24
    listed $249,900
27. 2011-07-18
    soldstatus
28. 2011-07-14
    soldstatus
29. 2011-06-11
    historical
30. 2011-04-28
    listed $239,900
31. 2011-04-26
    historical
32. 2010-11-29
    listed $244,900
33. 2010-11-28
    historical
34. 2010-08-09
    listed $249,500
35. 2010-08-01
    historical
36. 2010-03-02
    listed $274,900
37. 2005-10-14
    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: $8,767 · $731/mo
• Projected year-2 tax: $8,767 · $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 5/10 Major FEMA zone X (shaded) · 24% 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

Taxation est. · year 1

• Rental income: $56,650
• − Mortgage interest: −$21,006
• − Property taxes: −$8,767
• − Insurance: −$1,875
• − Repairs & maintenance: −$4,532
• − Management: −$4,532
• − Depreciation: −$10,909
• Taxable income: $5,029
• Est. tax owed @ 24.0%: −$1,207
• After-tax cash flow: $9,306/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): 47,808
• Household income: $144,911
• Rent vs Own: 53.8% rent · 46.2% 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
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

+36.4% since first listed

26 events — show timeline

• 2026-06-01 Listed $375,000 HARMLS
• 2026-06-01 Listing Removed — HARMLS
• 2026-04-29 Listing Removed — HARMLS
• 2026-04-29 Listed $384,900 HARMLS
• 2026-04-03 Price Changed $389,000 HARMLS
• 2026-03-05 Listed $399,500 HARMLS
• 2023-11-03 Sold (Public Records) — Public Records
• 2023-11-01 Sold (MLS) — HARMLS
• 2023-10-13 Pending — HARMLS
• 2023-10-06 Pending — HARMLS
• 2023-09-28 Listed $399,900 HARMLS
• 2012-08-13 Sold (Public Records) — Public Records
• 2012-08-09 Sold (MLS) — HARMLS
• 2012-07-02 Listing Removed — HARMLS
• 2012-06-24 Listed $249,900 HARMLS
• 2011-07-18 Sold (Public Records) — Public Records
• 2011-07-14 Sold (MLS) — HARMLS
• 2011-06-11 Listing Removed — HARMLS
• 2011-04-28 Listed $239,900 HARMLS
• 2011-04-26 Listing Removed — HARMLS
• 2010-11-29 Listed $244,900 HARMLS
• 2010-11-28 Listing Removed — HARMLS
• 2010-08-09 Listed $249,500 HARMLS
• 2010-08-01 Listing Removed — HARMLS
• 2010-03-02 Listed $274,900 HARMLS
• 2005-10-14 Sold (Public Records) — Public Records

Property tax history

+4.9%/yr

Latest (2025): $8,767 · +6.1% YoY. Source: county tax records.