11744 Padok Rd · Houston, TX 77044

$235,000

4 bd · 2.0 ba · 1,144 sqft · Manufactured public records · 49 Days on market

Built 2019 0.38 ac lot $205/sqft · 12% below area Est $463k · 49% under ↓ 6% since listing

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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).

• ARV discount +15.0/15.0
• Cash flow +14.7/30.0
• DSCR +4.5/10.0
• Appreciation +4.2/10.0
• 1% rule +3.9/10.0
• Livability +3.7/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0

Listing remarks MLS

Discover comfort and convenience in this well-maintained home with 4-bedrooms, 2-baths, and perfectly nestled on a corner lot in the desirable Lincoln Park neighborhood. With no HOA fees and low property taxes, this property offers an incredible opportunity for homeowners seeking both value and space. Inside, you’ll find a bright, open-concept layout designed for modern living. The kitchen is the heart of the home—featuring a peninsula-style countertop with bar seating, plenty of prep space, and a seamless connection to the dining area. The primary suite is generously sized, offering a private retreat with a full ensuite bath that includes a soaking tub, separate shower, and ample storage. Enjoy year-round outdoor living on the covered, screened-in back porch. If you’re looking for a move-in ready home with space, and no HOA restrictions, this one checks all the boxes. Schedule your tour today!

Key facts

• 0.38 acre lot
• Built 2019
• Listed 49 days

Property features AI

Finance

• Financial info: Lease considered

Exterior

• Utilities: Septic tank
• Home design: Residential property; Single-level entry (first floor living)
• Construction: Built in 2019; Vinyl siding exterior; Composition roof; Block foundation
• Exterior features: Located in a subdivision

Interior

• Bedrooms: Primary bedroom (first floor); Bedroom (first floor); Bedroom (first floor); Bedroom (first floor)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Double vanity; Soaking tub; Separate shower

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $235k.

Deal economics

• At list price, monthly cash flow is $59 ($713/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $209k (11.0% below list).
• Recommended offer: $209k (11.0% below list) — sets the bar for 1% rule.
• Cap rate 6.6% 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.
• Sheldon ISD (suburban): math 19% / reading 25% proficiency, ranked #746 of 826 in TX (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Michael R Null Middle (math 15% / reading 23%, grade F, #1,466 of 1,662 statewide, top 89%, 1,164 students, 89% FRL) — zoned schools average 89% FRL vs 72% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 337 active listings in the ZIP; solid renter incomes; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-1.6%/yr); year-one equity from $2k of loan paydown is wiped out by about $4k 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 49 days — a 3% lower offer ($228k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 4y 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: 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 $209,256 (11.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.89% ✗
• Cap rate: 6.60%
• Cash-on-cash: 1.08%
• DSCR: 1.05
• GRM: 9.4

CMA / ARV

• ARV (median comp): $463,402
• List price: $235,000
• Delta: -49.29%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11802 Padok Rd	0.08mi	3/2.0 (-1)	1,216 (+6%)	4mo	$149,000	$123	77
11423 E Jacinto Dr	0.72mi	3/2.0 (-1)	1,064 (-7%)	1mo	$65,000	$61	49

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

Projected returns pro-forma

-1.59% appreciation · 0.92% rent growth · sell at horizon

5-year hold

• IRR: -9.1%
• Equity multiple: 0.63×
• Total profit: $-24,334
• Equity at exit: $50,189

10-year hold

• IRR: -3.9%
• Equity multiple: 0.69×
• Total profit: $-20,175
• Equity at exit: $47,314

Cash invested: $65,800 (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 77044

• Home prices YoY: -0.7%
• Rents YoY: 0.9%
• Active inventory: 337
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $2,093 medium
• Mortgage (P&I): −$1,232
• Tax from tax record: −$263 /mo · $3,161/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $59

Break-even live

Break-even rent $2,017

Max offer price $235,000

Occupancy floor 92%

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Listing history 40 events

1. 2026-06-18
   status $235,000 Pending 49 DOM
2. 2026-06-18
   days on market $235,000 Active 49 DOM
3. 2026-06-17
   days on market $235,000 Active 48 DOM
4. 2026-06-16
   days on market $235,000 Active 47 DOM
5. 2026-06-15
   days on market $235,000 Active 46 DOM
6. 2026-06-13
   days on market $235,000 Active 44 DOM
7. 2026-06-09
   days on market $235,000 Active 40 DOM
8. 2026-06-08
   days on market $235,000 Active 39 DOM
9. 2026-06-07
   days on market $235,000 Active 38 DOM
10. 2026-06-04
    days on market $235,000 Active 35 DOM
11. 2026-06-03
    days on market $235,000 Active 34 DOM
12. 2026-06-02
    days on market $235,000 Active 33 DOM
13. 2026-06-01
    days on market $235,000 Active 32 DOM
14. 2026-05-31
    days on market $235,000 Active 31 DOM
15. 2026-04-30
    listed $235,000 Active 619-char remark
16. 2026-02-25
    listed $2,000
17. 2025-05-01
    soldstatus
18. 2025-04-30
    soldstatus Sold 925-char remark

    Show marketing remark (925 chars)

    Discover comfort and convenience in this well-maintained home with 4-bedrooms, 2-baths, and perfectly nestled on a corner lot in the desirable Lincoln Park neighborhood. With no HOA fees and low property taxes, this property offers an incredible opportunity for homeowners seeking both value and space. Inside, you’ll find a bright, open-concept layout designed for modern living. The kitchen is the heart of the home—featuring a peninsula-style countertop with bar seating, plenty of prep space, and a seamless connection to the dining area. The primary suite is generously sized, offering a private retreat with a full ensuite bath that includes a soaking tub, separate shower, and ample storage. Enjoy year-round outdoor living on the covered, screened-in back porch. If you’re looking for a move-in ready home with space, and no HOA restrictions, this one checks all the boxes. Schedule your tour today!

19. 2025-04-14
    status Pending 925-char remark

    Show marketing remark (925 chars)

    Discover comfort and convenience in this well-maintained home with 4-bedrooms, 2-baths, and perfectly nestled on a corner lot in the desirable Lincoln Park neighborhood. With no HOA fees and low property taxes, this property offers an incredible opportunity for homeowners seeking both value and space. Inside, you’ll find a bright, open-concept layout designed for modern living. The kitchen is the heart of the home—featuring a peninsula-style countertop with bar seating, plenty of prep space, and a seamless connection to the dining area. The primary suite is generously sized, offering a private retreat with a full ensuite bath that includes a soaking tub, separate shower, and ample storage. Enjoy year-round outdoor living on the covered, screened-in back porch. If you’re looking for a move-in ready home with space, and no HOA restrictions, this one checks all the boxes. Schedule your tour today!

20. 2025-04-09
    status Option Pending 925-char remark

    Show marketing remark (925 chars)

    Discover comfort and convenience in this well-maintained home with 4-bedrooms, 2-baths, and perfectly nestled on a corner lot in the desirable Lincoln Park neighborhood. With no HOA fees and low property taxes, this property offers an incredible opportunity for homeowners seeking both value and space. Inside, you’ll find a bright, open-concept layout designed for modern living. The kitchen is the heart of the home—featuring a peninsula-style countertop with bar seating, plenty of prep space, and a seamless connection to the dining area. The primary suite is generously sized, offering a private retreat with a full ensuite bath that includes a soaking tub, separate shower, and ample storage. Enjoy year-round outdoor living on the covered, screened-in back porch. If you’re looking for a move-in ready home with space, and no HOA restrictions, this one checks all the boxes. Schedule your tour today!

21. 2025-03-20
    listed $205,000 Active 925-char remark

    Show marketing remark (925 chars)

    Discover comfort and convenience in this well-maintained home with 4-bedrooms, 2-baths, and perfectly nestled on a corner lot in the desirable Lincoln Park neighborhood. With no HOA fees and low property taxes, this property offers an incredible opportunity for homeowners seeking both value and space. Inside, you’ll find a bright, open-concept layout designed for modern living. The kitchen is the heart of the home—featuring a peninsula-style countertop with bar seating, plenty of prep space, and a seamless connection to the dining area. The primary suite is generously sized, offering a private retreat with a full ensuite bath that includes a soaking tub, separate shower, and ample storage. Enjoy year-round outdoor living on the covered, screened-in back porch. If you’re looking for a move-in ready home with space, and no HOA restrictions, this one checks all the boxes. Schedule your tour today!

22. 2025-01-31
    historical
23. 2025-01-10
    price $205,000
24. 2024-11-11
    price $210,000
25. 2024-09-18
    price $215,000
26. 2024-08-23
    listed $225,000 Active
27. 2022-08-05
    soldstatus
28. 2022-08-03
    soldstatus Sold
29. 2022-06-22
    status Pending
30. 2022-06-12
    price $210,000
31. 2022-06-03
    price $220,000
32. 2022-04-20
    price $235,000
33. 2022-04-20
    status Active
34. 2022-03-13
    status Pending
35. 2022-03-04
    status Option Pending
36. 2022-03-04
    status Pending
37. 2022-02-25
    status Option Pending
38. 2022-02-10
    listed $250,000 Active
39. 2009-09-28
    soldstatus
40. 1996-06-25
    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: $3,161 · $263/mo
• Projected year-2 tax: $4,300 · $358/mo
• Expected delta: +$1,139/yr (+$95/mo · 36.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥110°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: $25,111
• − Mortgage interest: −$13,164
• − Property taxes: −$3,161
• − Insurance: −$1,175
• − Repairs & maintenance: −$2,009
• − Management: −$2,009
• − Depreciation: −$6,836
• Taxable loss: −$3,243
• Est. tax savings @ 24.0%: +$778
• After-tax cash flow: $1,491/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: Sheldon ISD
• NCES district ID: 4839990
• Math proficiency: 19% ▼ -18.00%
• Reading proficiency: 25% ▼ -10.00%
• Median HH income: $49,443
• Composite: 19.5/100
• National rank: #8772
• State rank: #746 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

• County: Harris County · 4,702,590 people
• City population: 3,226,434
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 58,347
• Household income: $95,000
• Rent vs Own: 24.1% rent · 75.9% own
• Severe rent burden: 1332.0

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 0.66)
• Race & ethnicity: Hispanic / Latino 44% Black 32% White 19% Two or more races 18% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 36%
• Common ancestry: Lithuanian 1% Romanian 1% Iranian 1%
• Foreign-born: 18% · Canada
• Languages at home: 61% English-only · Spanish 35% French/Haitian/Cajun 1% Other Indo-European 1%

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: ▼ -1.59%
• Current HPI: 215.5736
• Rent YoY: ▲ 0.92%
• 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

-6.0% since first listed

26 events — show timeline

• 2026-04-30 Listed $235,000 HARMLS
• 2026-02-25 Listed for Rent $2,000 HARMLS
• 2025-05-01 Sold (Public Records) — Public Records
• 2025-04-30 Sold (MLS) — HARMLS
• 2025-04-14 Pending — HARMLS
• 2025-04-09 Pending — HARMLS
• 2025-03-20 Listed $205,000 HARMLS
• 2025-01-31 Listing Removed — HARMLS
• 2025-01-10 Price Changed $205,000 HARMLS
• 2024-11-11 Price Changed $210,000 HARMLS
• 2024-09-18 Price Changed $215,000 HARMLS
• 2024-08-23 Listed $225,000 HARMLS
• 2022-08-05 Sold (Public Records) — Public Records
• 2022-08-03 Sold (MLS) — HARMLS
• 2022-06-22 Pending — HARMLS
• 2022-06-12 Price Changed $210,000 HARMLS
• 2022-06-03 Price Changed $220,000 HARMLS
• 2022-04-20 Price Changed $235,000 HARMLS
• 2022-04-20 Relisted — HARMLS
• 2022-03-13 Pending — HARMLS
• 2022-03-04 Pending — HARMLS
• 2022-03-04 Pending — HARMLS
• 2022-02-25 Pending — HARMLS
• 2022-02-10 Listed $250,000 HARMLS
• 2009-09-28 Sold (Public Records) — Public Records
• 1996-06-25 Sold (Public Records) — Public Records

Property tax history

+22.5%/yr

Latest (2025): $3,161 · -1.6% YoY. Source: county tax records.