7575 Katy Fwy #101 · Houston, TX 77024

$149,500

1 bd · 1.0 ba · 1,020 sqft · Condo public records · 58 Days on market

Built 1972 $147/sqft · 14% below area Est $174k · 14% under $659/mo HOA · 49% of rent

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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 +13.9/15.0
• Appreciation +8.5/10.0
• Schools +4.1/10.0
• 1% rule +4.0/10.0
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Cash flow +0.0/30.0
• DSCR +0.0/10.0

Listing remarks MLS

NEW PRICE! This 2 BR / 1 Bath condo offers a flexible floor plan in a quiet, gated community with exceptional amenities - Zoned to all A GRADE schools. Unit 101 is in Building A - with secure access via a resident-only entry code—offering peace of mind. 2nd Bedroom features beautiful French doors, making it perfect for use as a home office or study. Enjoy morning coffee or evening unwind on the private balcony accessed via sliding glass doors. Community offers resort-style amenities - 2 swimming pools & clubhouse, on well-maintained grounds. With gated entry and dedicated COVERED parking, you'll experience both comfort & security in this centrally located property - minutes from Memorial Park, the Galleria, & major freeways. Current owners have invested in a number of improvements. Ideal home for anyone seeking low-maintenance living in a prime Houston location. HOA includes: Electric, Water & Sewer, Garbage, Cable TV, Recreational Facilities, Limited Access Gates and Clubhouse. Hurry!

Key facts

• Gated community
• Private balcony
• Secure access

Tags

• GATED COMMUNITY
• SECURE ACCESS
• PRIVATE BALCONY
• RESORT-STYLE AMENITIES
• DEDICATED PARKING
• WELL-MAINTAINED GROUNDS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $150k.

Deal economics

• At list price, monthly cash flow is $-756 ($-9k/yr) — negative.
• To cash-flow at today's rent, offer at most $49k (66.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $135k (9.6% below list).
• Recommended offer: $49k (66.9% below list) — sets the bar for cash-flow.
• Cap rate 0.8% vs local median 3.2% in Houston — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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: schools D, crime F.
• Spring Branch ISD (urban): math 47% / reading 46% proficiency, ranked #215 of 826 in TX (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+5.0%/yr); 310 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 12d 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).
• This rent is only 12% of the median local income ($136k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• In year one you build about $11k of equity ($1k loan paydown + $10k appreciation (6.9% local appreciation)).
• Harris County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 4, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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; HOA is 49% of rent.
• 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 $49,491 (66.9% 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 58 days. Have you received any prior offers? Is the seller open to a 67% concession, seller financing, or rate buy-down credit?
3. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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?
10. 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?
11. 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.
12. 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.
13. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.90% ✗
• Cap rate: 0.76%
• Cash-on-cash: -19.76%
• DSCR: 0.12
• GRM: 9.2

CMA / ARV

• ARV (median comp): $174,160
• List price: $149,500
• Delta: -14.16%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

6.92% appreciation · 4.96% rent growth · sell at horizon

5-year hold

• IRR: 2.1%
• Equity multiple: 1.16×
• Total profit: $6,570
• Equity at exit: $102,827

10-year hold

• IRR: 6.3%
• Equity multiple: 2.49×
• Total profit: $62,283
• Equity at exit: $194,628

Cash invested: $41,860 (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 77024

• Home prices YoY: 2.8%
• Rents YoY: 5.0%
• Active inventory: 310
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,351 high
• Mortgage (P&I): −$784
• Tax from tax record: −$251 /mo · $3,017/yr
• Insurance: −$62
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$659
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $-756

Break-even live

Break-even rent $2,308

Max offer price $49,491

Occupancy floor —

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: $37,375
• Closing costs: $4,485
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
915 Silber Rd Unit 2187 Houston, TX	2.0	2.0	750	$1,107	$1.48	3d	1	0.33mi
915 Silber Rd Unit 2162 Houston, TX	2.0	2.0	750	$1,115	$1.49	4d	1	0.33mi
915 Silber Rd Unit 972 Houston, TX	2.0	2.0	750	$1,139	$1.52	10d	1	0.33mi
415 Silber Rd Houston, TX	2.0	1.0	750	$1,200	$1.60	43d	1	0.33mi
415 Silber Rd Houston, TX	1.0	1.0	720	$1,149	$1.60	24d	1	0.33mi
415 Silber Rd Houston, TX	2.0	1.0	750	$1,200	$1.60	24d	1	0.33mi
7777 Katy Fwy Houston, TX	1.0–2.0	1.0–2.0	1049	$1,188	$1.13	2d	49	0.47mi
1255 N Post Oak Rd Houston, TX	1.0–2.0	1.0–2.0	1065	$1,135	$1.07	2d	19	0.49mi
499 Carnarvon Dr Houston, TX	2.0	2.0	1171	$1,856	$1.58	24d	1	0.60mi
1148 Silber Rd Houston, TX	1.0–2.0	1.0–2.0	935	$1,324	$1.42	2d	52	0.62mi
1261 N Post Oak Rd Houston, TX	2.0	2.0	1313	$1,568	$1.19	43d	1	0.64mi
1300 N Post Oak Rd Houston, TX	1.0	1.0	717	$1,517	$2.11	2d	18	0.80mi
6003 Westview Dr Unit ADD2 Houston, TX	2.0	2.0	1163	$2,175	$1.87	24d	1	0.83mi
1000 Antoine Dr Houston, TX	1.0	1.0	725	$1,290	$1.78	11d	1	0.84mi
1370 Afton St Unit 2165 Houston, TX	2.0	2.0	1100	$1,281	$1.16	3d	1	0.85mi
1370 Afton St Unit 790 Houston, TX	2.0	2.0	1049	$1,097	$1.05	24d	1	0.85mi
1370 Afton St Unit 1427 Houston, TX	2.0	2.0	1100	$1,313	$1.19	10d	1	0.85mi
1370 Afton St Unit 1165 Houston, TX	1.0	1.0	700	$881	$1.26	3d	1	0.85mi
1370 Afton St Unit 1444 Houston, TX	1.0	1.0	700	$923	$1.32	10d	1	0.85mi
1370 Afton St Unit 1421 Houston, TX	1.0	1.0	700	$814	$1.16	43d	1	0.85mi
1370 Afton St Unit 1391 Houston, TX	1.0	1.0	700	$819	$1.17	15d	1	0.85mi
1370 Afton St Unit 1162 Houston, TX	1.0	1.0	700	$884	$1.26	5d	1	0.85mi
1370 Afton St Unit 620 Houston, TX	2.0	1.5	900	$1,124	$1.25	24d	1	0.85mi
1370 Afton St Unit 421 Houston, TX	2.0	2.0	1100	$1,289	$1.17	5d	1	0.85mi
6002 Westview Dr Houston, TX	2.0	2.0	1163	$2,175	$1.87	43d	1	0.85mi
1370 Afton St Houston, TX	1.0	1.0	700	$814	$1.16	14d	1	0.86mi
722 International Blvd Houston, TX	1.0–3.0	1.0–3.5	1530	$885	$0.58	3d	31	0.90mi
731 International Blvd Unit 100 Houston, TX	2.0	2.0	960	$1,325	$1.38	43d	1	0.93mi
7105 Old Katy Rd Houston, TX	1.0–2.0	1.0–2.0	907	$1,410	$1.55	2d	43	0.95mi
6 Westview Dr Houston, TX	1.0	1.0	700	$968	$1.38	14d	1	0.96mi
6 Westview Dr Houston, TX	1.0	1.0	700	$968	$1.38	24d	1	0.96mi
6 Westview Dr Houston, TX	2.0	1.0	900	$1,182	$1.31	24d	1	0.96mi
3939 W 12th St Houston, TX	2.0	1.0–2.0	889	$2,050	$2.30	1d	19	0.98mi
7100 Old Katy Rd Unit 2162 Houston, TX	2.0	2.0	1165	$1,640	$1.41	5d	1	1.01mi
7100 Old Katy Rd Unit 425 Houston, TX	2.0	2.0	1165	$1,632	$1.40	3d	1	1.01mi
7100 Old Katy Rd Unit 422 Houston, TX	2.0	2.0	1165	$1,640	$1.41	7d	1	1.01mi
7100 Old Katy Rd Unit 2174 Houston, TX	2.0	2.0	1165	$1,675	$1.44	12d	1	1.01mi
7100 Old Katy Rd Unit 7137 Houston, TX	2.0	2.0	1165	$1,664	$1.43	11d	1	1.01mi
7111 Old Katy Rd Houston, TX	2.0	1.0	1012	$1,575	$1.56	43d	1	1.05mi
106 N Post Oak Ln Houston, TX	2.0	2.0	1171	$2,084	$1.78	20d	1	1.15mi

HOA detail condo

• Monthly dues: $659 · $7,908/yr
• Likely covers: watersewertrashelectriccablelandscapingpoolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 10 events

1. 2026-05-12
   status Pending 1022-char remark

   Show marketing remark (1022 chars)

   NEW PRICE! This 2 BR / 1 Bath condo offers a flexible floor plan in a quiet, gated community with exceptional amenities - Zoned to all A GRADE schools. Unit 101 is in Building A - with secure access via a resident-only entry code—offering peace of mind. 2nd Bedroom features beautiful French doors, making it perfect for use as a home office or study. Enjoy morning coffee or evening unwind on the private balcony accessed via sliding glass doors. Community offers resort-style amenities - 2 swimming pools & clubhouse, on well-maintained grounds. With gated entry and dedicated COVERED parking, you'll experience both comfort & security in this centrally located property - minutes from Memorial Park, the Galleria, & major freeways. Current owners have invested in a number of improvements. Ideal home for anyone seeking low-maintenance living in a prime Houston location. HOA includes: Electric, Water & Sewer, Garbage, Cable TV, Recreational Facilities, Limited Access Gates and Clubhouse. Hurry!

2. 2026-03-23
   listed $149,500 Active 1022-char remark

   Show marketing remark (1022 chars)

   NEW PRICE! This 2 BR / 1 Bath condo offers a flexible floor plan in a quiet, gated community with exceptional amenities - Zoned to all A GRADE schools. Unit 101 is in Building A - with secure access via a resident-only entry code—offering peace of mind. 2nd Bedroom features beautiful French doors, making it perfect for use as a home office or study. Enjoy morning coffee or evening unwind on the private balcony accessed via sliding glass doors. Community offers resort-style amenities - 2 swimming pools & clubhouse, on well-maintained grounds. With gated entry and dedicated COVERED parking, you'll experience both comfort & security in this centrally located property - minutes from Memorial Park, the Galleria, & major freeways. Current owners have invested in a number of improvements. Ideal home for anyone seeking low-maintenance living in a prime Houston location. HOA includes: Electric, Water & Sewer, Garbage, Cable TV, Recreational Facilities, Limited Access Gates and Clubhouse. Hurry!

3. 2026-03-23
   historical

   Show marketing remark (1022 chars)

   NEW PRICE! This 2 BR / 1 Bath condo offers a flexible floor plan in a quiet, gated community with exceptional amenities - Zoned to all A GRADE schools. Unit 101 is in Building A - with secure access via a resident-only entry code—offering peace of mind. 2nd Bedroom features beautiful French doors, making it perfect for use as a home office or study. Enjoy morning coffee or evening unwind on the private balcony accessed via sliding glass doors. Community offers resort-style amenities - 2 swimming pools & clubhouse, on well-maintained grounds. With gated entry and dedicated COVERED parking, you'll experience both comfort & security in this centrally located property - minutes from Memorial Park, the Galleria, & major freeways. Current owners have invested in a number of improvements. Ideal home for anyone seeking low-maintenance living in a prime Houston location. HOA includes: Electric, Water & Sewer, Garbage, Cable TV, Recreational Facilities, Limited Access Gates and Clubhouse. Hurry!

4. 2026-02-25
   price $149,500
5. 2026-01-16
   listed $157,000 Active
6. 2025-08-15
   soldstatus Closed
7. 2025-08-15
   soldstatus
8. 2025-08-08
   status Pending
9. 2025-07-24
   listed $145,000 Active
10. 2001-01-12
    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: $3,017 · $251/mo
• Projected year-2 tax: $3,017 · $251/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 (unshaded) · 99% 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 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,215
• − Mortgage interest: −$8,374
• − Property taxes: −$3,017
• − Insurance: −$1,545
• − Repairs & maintenance: −$1,297
• − Management: −$1,297
• − HOA: −$7,908
• − Depreciation: −$4,349
• Taxable loss: −$11,573
• Est. tax savings @ 24.0%: +$2,778
• After-tax cash flow: $-6,291/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: Spring Branch ISD
• NCES district ID: 4841100
• Math proficiency: 47% ▼ -4.00%
• Reading proficiency: 46% ▼ -1.00%
• Median HH income: $60,311
• Composite: 40.88/100
• National rank: #3624
• State rank: #215 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): 38,288
• Household income: $136,149
• Rent vs Own: 36.7% rent · 63.3% own
• Severe rent burden: 1144.0

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 White (67%)
• Race & ethnicity: White 67% Asian 14% Hispanic / Latino 12% Two or more races 8% Black 4%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 4% Slovak 3% Italian 3%
• Foreign-born: 21% · Canada, China, South Korea
• Languages at home: 70% English-only · Spanish 11% Other Indo-European 4% Chinese 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: ▲ 6.92%
• Current HPI: 256.8342
• Rent YoY: ▲ 4.96%
• 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

+3.1% since first listed

10 events — show timeline

• 2026-05-12 Pending — HARMLS
• 2026-03-23 Listing Removed — HARMLS
• 2026-03-23 Listed $149,500 HARMLS
• 2026-02-25 Price Changed $149,500 HARMLS
• 2026-01-16 Listed $157,000 HARMLS
• 2025-08-15 Sold (Public Records) — Public Records
• 2025-08-15 Sold (MLS) — HARMLS
• 2025-08-08 Pending — HARMLS
• 2025-07-24 Listed $145,000 HARMLS
• 2001-01-12 Sold (Public Records) — Public Records

Property tax history

+5.8%/yr

Latest (2025): $3,017 · -3.4% YoY. Source: county tax records.