433 Calloway St · Houston, TX 77029

$194,900

3 bd · 2.0 ba · 1,188 sqft · SingleFamily public records · 18 Days on market

Built 1942 5,000 sqft lot $164/sqft · at area comps Est $201k · at est.

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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).

• Appreciation +10.0/10.0
• ARV discount +8.8/15.0
• Cash flow +8.2/30.0
• Livability +3.7/5.0
• 1% rule +3.4/10.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.2/10.0

Listing remarks

Welcome to this home tucked away on Houston’s east side. Set on a spacious lot, there’s plenty of room to enjoy the outdoors—whether it’s relaxing evenings, a small garden, or simply having space to spread out. Step inside to a comfortable open layout designed for easy living. The living area feels welcoming and flows naturally into the dining space, making it perfect for quiet nights at home or casual get-togethers. The kitchen adds a touch of charm with granite countertops, soft-close cabinetry, and ample storage for all your essentials. A dedicated laundry/utility room offers everyday convenience, while the overall feel of the home is warm, functional, and easy to

Key facts

• 5,000 sq ft lot
• Parking
• Built 1942

Property features AI

Exterior

• Parking: Attached carport; Carport available
• Utilities: Public water; Public sewer
• Home design: Residential property; Single-story (first-floor living areas noted); Built in 1942; Pillar/post/pier foundation
• Construction: Cement siding construction; Composition roof; Pillar/post/pier foundation; Year built: 1942
• Exterior features: Cleared lot; Composition roof

Interior

• Kitchen: Kitchen on the first floor (16 x 6)
• Bedrooms: Primary bedroom on the first floor (15 x 12); Bedroom on the first floor (14 x 10); Bedroom on the first floor (10 x 10)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (gas); Central air conditioning (electric)
• Interior features: 5 total rooms; Cleared lot (see Exterior for lot details)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $-251 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $151k (22.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $164k (16.0% below list).
• Recommended offer: $151k (22.8% below list) — sets the bar for cash-flow.
• Cap rate 5.2% 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.
• Galena Park ISD (suburban): math 32% / reading 33% proficiency, ranked #578 of 826 in TX (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Jacinto City El (math 31% / reading 32%, grade F, #2,396 of 4,322 statewide, top 56%, 714 students, 89% FRL); Woodland Acres Middle (math 35% / reading 34%, grade F, #858 of 1,662 statewide, top 54%, 603 students, 85% FRL); Galena Park H S (math 37% / reading 36%, grade F, #924 of 1,632 statewide, top 57%, 1,914 students, 87% FRL).
• Market conditions: 153 active listings in the ZIP; 13 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; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• This rent runs 41% of the median local income ($48k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $21k of equity ($1k loan paydown + $19k appreciation (10.0% local appreciation)).
• Harris County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($192k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 9y 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; built in 1942 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe 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 $150,523 (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. Built in 1942 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.84% ✗
• Cap rate: 5.16%
• Cash-on-cash: -4.06%
• DSCR: 0.82
• GRM: 9.9

CMA / ARV

• ARV (median comp): $200,516
• List price: $194,900
• Delta: -2.80%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2513 13th St	0.10mi	3/1.5	1,258 (+6%)	1mo	$139,999	$111	82
2515 7th St	0.39mi	2/2.0 (-1)	1,171 (-1%)	2mo	$169,900	$145	73
2224 11th St	0.42mi	3/2.0	1,120 (-6%)	1mo	$179,900	$161	70
2204 Benson Dr	0.50mi	3/2.0	1,242 (+4%)	1mo	$199,999	$161	68
2219 15th St	0.43mi	3/1.0	1,213 (+2%)	7mo	$94,000	$77	67
225 Armstrong St	0.48mi	3/2.5	1,207 (+2%)	8mo	$115,000	$95	66
1204 Sage Dr	0.18mi	3/1.0	1,336 (+12%)	8mo	$160,000	$120	60
9721 Stedman St	0.63mi	3/2.0	1,265 (+6%)	2mo	$211,000	$167	58
2222 8th St	0.52mi	3/1.0	1,246 (+5%)	7mo	$149,950	$120	58
213 Armstrong St	0.50mi	2/1.5 (-1)	1,281 (+8%)	4mo	$110,000	$86	53
2220 7th St	0.56mi	4/2.0 (+1)	1,114 (-6%)	7mo	$179,990	$162	53
2113 10th St	0.63mi	2/2.0 (-1)	1,103 (-7%)	7mo	$135,000	$122	48

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.4%
• Equity multiple: 2.65×
• Total profit: $90,295
• Equity at exit: $175,581

10-year hold

• IRR: 18.6%
• Equity multiple: 6.11×
• Total profit: $278,775
• Equity at exit: $378,648

Cash invested: $54,572 (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 77029

• Home prices YoY: 7.2%
• Active inventory: 153
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,637 high
• Mortgage (P&I): −$1,022
• Tax from tax record: −$375 /mo · $4,499/yr
• Insurance: −$81
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$344
• Net cashflow: $-251

Break-even live

Break-even rent $1,955

Max offer price $150,523

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: $48,725
• Closing costs: $5,847
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
335 Delaware St Houston, TX	2.0	1.0	784	$940	$1.20	12d	1	0.33mi
423 Armstrong St Houston, TX	3.0	2.0	1090	$1,515	$1.39	1d	1	0.41mi
403 Armstrong St Houston, TX	3.0	2.0	909	$1,435	$1.58	5d	1	0.42mi
205 Bolden St Unit A Houston, TX	3.0	2.0	1200	$2,500	$2.08	43d	1	0.46mi
9743 Veyblum St Unit B Houston, TX	3.0	2.0	872	$1,145	$1.31	5d	1	0.50mi
9821 Turnbow St Unit C Houston, TX	3.0	2.0	1140	$1,720	$1.51	43d	1	0.54mi
311 Massachusetts St Unit A Houston, TX	3.0	2.0	1184	$1,700	$1.44	12d	1	0.62mi
9713 Stedman St Unit b Houston, TX	3.0	2.0	872	$1,095	$1.26	43d	1	0.65mi
2216 3rd St Galena Park, TX	3.0	2.0	1500	$1,400	$0.93	43d	1	0.73mi
9710 Tuffly St Houston, TX	3.0	2.0	1275	$1,795	$1.41	24d	1	0.85mi
9709 Cargill St Houston, TX	3.0	2.0	1184	$2,300	$1.94	43d	1	1.07mi
9806 Fillmore St Houston, TX	2.0	2.0	850	$1,850	$2.18	43d	1	1.08mi
9907 Lanewell St Unit a Houston, TX	3.0	2.0	872	$1,154	$1.32	21d	1	1.16mi

Listing history 28 events

1. 2026-05-17
   status Pending 839-char remark
2. 2026-04-28
   listed $194,900 Active 839-char remark
3. 2026-04-28
   historical
4. 2025-10-15
   price $170,000
5. 2025-10-10
   price $189,999
6. 2025-09-23
   listed $199,999 Active
7. 2025-08-28
   historical
8. 2025-07-29
   listed $169,977 Active
9. 2024-02-16
   soldstatus
10. 2024-02-08
    soldstatus
11. 2024-02-02
    soldstatus Sold
12. 2023-12-23
    status Pending
13. 2023-12-18
    status Option Pending
14. 2023-10-18
    price $174,900
15. 2023-10-18
    status Active
16. 2023-10-15
    status Pending
17. 2023-10-05
    status Option Pending
18. 2023-08-15
    price $195,000
19. 2023-07-31
    listed $200,900 Active
20. 2023-07-25
    historical
21. 2023-07-15
    price $204,999
22. 2023-05-20
    price $217,500
23. 2023-05-03
    listed $224,999 Active
24. 2017-12-27
    soldstatus Sold
25. 2017-11-29
    status Pending, Continue to Show
26. 2017-10-30
    listed $149,900 Active
27. 2017-06-09
    soldstatus
28. 1994-12-06
    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: $4,499 · $375/mo
• Projected year-2 tax: $4,499 · $375/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 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 2/10 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: $19,647
• − Mortgage interest: −$10,917
• − Property taxes: −$4,499
• − Insurance: −$1,772
• − Repairs & maintenance: −$1,572
• − Management: −$1,572
• − Depreciation: −$5,670
• Taxable loss: −$6,354
• Est. tax savings @ 24.0%: +$1,525
• After-tax cash flow: $-1,489/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: Galena Park ISD
• NCES district ID: 4820250
• Math proficiency: 32% ▼ -20.00%
• Reading proficiency: 33% ▼ -7.00%
• Median HH income: $43,158
• Composite: 27.62/100
• National rank: #6927
• State rank: #578 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): 16,154
• Household income: $48,279
• Rent vs Own: 34.4% rent · 65.6% own
• Severe rent burden: 457.0

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 Hispanic (72%)
• Race & ethnicity: Hispanic / Latino 72% Two or more races 32% Black 22% White 5%
• Hispanic origin (detail): Mexican 66%
• Foreign-born: 31% · Canada
• Languages at home: 39% English-only · Spanish 61%

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: ▲ 18.53%
• Current HPI: 276.1811
• Rent YoY: —
• 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

+30.0% since first listed

28 events — show timeline

• 2026-05-17 Pending — HARMLS
• 2026-04-28 Listing Removed — HARMLS
• 2026-04-28 Listed $194,900 HARMLS
• 2025-10-15 Price Changed $170,000 HARMLS
• 2025-10-10 Price Changed $189,999 HARMLS
• 2025-09-23 Listed $199,999 HARMLS
• 2025-08-28 Listing Removed — HARMLS
• 2025-07-29 Listed $169,977 HARMLS
• 2024-02-16 Sold (Public Records) — Public Records
• 2024-02-08 Sold (Public Records) — Public Records
• 2024-02-02 Sold (MLS) — HARMLS
• 2023-12-23 Pending — HARMLS
• 2023-12-18 Pending — HARMLS
• 2023-10-18 Price Changed $174,900 HARMLS
• 2023-10-18 Relisted — HARMLS
• 2023-10-15 Pending — HARMLS
• 2023-10-05 Pending — HARMLS
• 2023-08-15 Price Changed $195,000 HARMLS
• 2023-07-31 Listed $200,900 HARMLS
• 2023-07-25 Listing Removed — HARMLS
• 2023-07-15 Price Changed $204,999 HARMLS
• 2023-05-20 Price Changed $217,500 HARMLS
• 2023-05-03 Listed $224,999 HARMLS
• 2017-12-27 Sold (MLS) — HARMLS
• 2017-11-29 Pending — HARMLS
• 2017-10-30 Listed $149,900 HARMLS
• 2017-06-09 Sold (Public Records) — Public Records
• 1994-12-06 Sold (Public Records) — Public Records

Property tax history

+11.9%/yr

Latest (2025): $4,499 · +101.0% YoY. Source: county tax records.