Whitetail Plan · Hockley, TX 77447

$276,990

4 bd · 2.5 ba · 2,066 sqft · SingleFamily · 493 Days on market

Excellent condition

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Why this score? — see what drove the F 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 +7.5/30.0
• ARV discount +7.5/15.0
• Condition / age +4.8/5.0
• Schools +2.8/10.0
• Livability +2.5/5.0
• 1% rule +2.2/10.0
• Rent growth +2.1/5.0
• DSCR +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

The first floor of this two-story home shares a spacious open layout between the kitchen, dining room and family room for easy entertaining. Upstairs are three secondary bedrooms, ideal for residents and overnight guests, surrounding a versatile loft that serves as an additional shared living space. An owner's suite sprawls across the rear of the second floor and enjoys an en-suite bathroom and a walk-in closet.

Key facts

• Walk-in closet
• Open layout
• En-suite bathroom

Tags

• OPEN LAYOUT
• VERSATILE LOFT
• EN-SUITE BATHROOM
• WALK-IN CLOSET

🏗️ New construction. The $276,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $313,092.

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $277k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-383 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $258k (7.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $225k (18.6% below list).
• Recommended offer: $225k (18.6% below list) — sets the bar for 1% rule.
• Cap rate 4.8% vs local median 4.0% in Hockley — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads: area grade F — affects rentability + tenant quality, not the cash-flow math above.
• Waller ISD (rural): math 30% / reading 35% proficiency, ranked #532 of 826 in TX (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: I T Holleman El (math 33% / reading 31%, grade F, #2,268 of 4,322 statewide, top 55%, 688 students, 70% FRL); Waller J H (math 21% / reading 28%, grade F, #1,279 of 1,662 statewide, top 78%, 899 students, 69% FRL); Waller H S (math 25% / reading 40%, grade F, #1,029 of 1,632 statewide, top 64%, 2,639 students, 62% FRL).
• Market conditions: Rents soft (-1.6%/yr); 2630 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 42d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 80% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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 493 days — a 12% lower offer ($244k) is reasonable based on typical stale-listing flexibility.

Recommended offer $225,389 (18.6% 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 493 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.72% ✗
• Cap rate: 4.82%
• Cash-on-cash: -5.24%
• DSCR: 0.77
• GRM: 11.6

CMA / ARV

• ARV (median comp): $313,092
• List price: $276,990
• Delta: -11.53%
• 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
29023 Tall Wildgrass Ct	0.52mi	4/2.0	2,066 (0%)	0mo	$240,991	$117	74
16318 Speckled Wren St	0.26mi	3/2.0 (-1)	1,974 (-4%)	0mo	$267,990	$136	73
28922 Bison Haven Dr	0.36mi	4/2.0	1,924 (-7%)	1mo	$246,990	$128	70
28931 Bison Haven Dr	0.39mi	4/2.0	1,924 (-7%)	0mo	$250,990	$130	68
17018 Clover Fern Ln	0.55mi	4/3.0	2,012 (-3%)	1mo	$323,900	$161	67
29010 Tall Wildgrass Ct	0.47mi	4/2.0	1,951 (-6%)	0mo	$289,990	$149	66
29026 Tall Wildgrass Ct	0.50mi	4/2.0	1,951 (-6%)	0mo	$254,990	$131	65
29010 Maggie View Ct	0.68mi	4/3.0	2,045 (-1%)	0mo	$317,600	$155	64
28655 Bluebell Hollow Dr	0.42mi	4/3.0	2,263 (+10%)	0mo	$334,990	$148	62
29103 Samuel Gardens Ct	0.73mi	4/2.5	1,986 (-4%)	1mo	$267,790	$135	58
29151 Samuel Gardens Ct	0.75mi	4/2.5	1,986 (-4%)	1mo	$299,940	$151	58
28675 Prairieland Sunset St	0.61mi	4/2.0	1,776 (-14%)	0mo	$263,990	$149	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: -28.6%
• Equity multiple: 0.07×
• Total profit: $-81,707
• Equity at exit: $46,683

10-year hold

• IRR: -45.5%
• Equity multiple: -0.46×
• Total profit: $-127,959
• Equity at exit: $27,070

Cash invested: $87,666 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 155 active · 151 under contract
• Months of supply: 7.3 mo (14%/mo absorbed)
• Median asking: $277,990 ($144/sqft)
• Median days on market: 83 d
• This list price: 48% of active listings are priced below it
• ARV vs active asking: +5.0% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 77447

• Home prices YoY: -31.1%
• Rents YoY: -1.6%
• Active inventory: 2630
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $2,254 high
• Mortgage (P&I): −$1,642
• Tax est. 1.5%: −$391 /mo · $4,696/yr
• Insurance: −$130
• HOA: −$0
• Vacancy / Maint / Mgmt: −$473
• Net cashflow: $-383

Break-even live

Break-even rent $2,739

Max offer price $257,652

Occupancy floor —

Sensitivity live

Price	-10% $-167	-5% $-275	+0% $-383	+5% $-491	+10% $-600
Rent	-10% $-561	-5% $-472	+0% $-383	+5% $-294	+10% $-205
Rate	-1.0pp $-225	-0.5pp $-304	base $-383	+0.5pp $-464	+1.0pp $-547

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: $78,273
• Closing costs: $9,393
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16722 Old Wagon Way Hockley, TX	4.0	2.0	1880	$1,790	$0.95	184d	1	0.23mi
16850 Spotted Oak Dr Hockley, TX	3.0	2.0	1474	$1,600	$1.09	41d	1	0.28mi
16850 Spotted Oak Dr Hockley, TX	3.0	2.0	1474	$1,600	$1.09	31d	1	0.28mi
16315 Mesquite Field Dr Hockley, TX	4.0	2.0	1500	$2,600	$1.73	10d	1	0.36mi
29023 Pearl Barley Way Unit 3656 Hockley, TX	4.0	2.5	2395	$2,300	$0.96	165d	1	0.37mi

Listing history 50 events

1. 2026-11-08
   days on market $276,990 Active 493 DOM
2. 2026-11-07
   days on market $276,990 Active 492 DOM
3. 2026-11-06
   days on market $276,990 Active 491 DOM
4. 2026-11-05
   days on market $276,990 Active 490 DOM
5. 2026-11-04
   days on market $276,990 Active 489 DOM
6. 2026-11-02
   days on market $276,990 Active 487 DOM
7. 2026-11-01
   days on market $276,990 Active 486 DOM
8. 2026-10-31
   days on market $276,990 Active 485 DOM
9. 2026-10-30
   days on market $276,990 Active 484 DOM
10. 2026-10-29
    days on market $276,990 Active 483 DOM
11. 2026-10-28
    days on market $276,990 Active 482 DOM
12. 2026-10-27
    days on market $276,990 Active 481 DOM
13. 2026-10-26
    days on market $276,990 Active 480 DOM
14. 2026-10-26
    days on market $276,990 Active 479 DOM
15. 2026-10-24
    days on market $276,990 Active 478 DOM
16. 2026-10-23
    days on market $276,990 Active 477 DOM
17. 2026-10-22
    days on market $276,990 Active 476 DOM
18. 2026-10-21
    days on market $276,990 Active 475 DOM
19. 2026-10-20
    days on market $276,990 Active 474 DOM
20. 2026-10-19
    days on market $276,990 Active 473 DOM
21. 2026-10-18
    days on market $276,990 Active 472 DOM
22. 2026-10-17
    days on market $276,990 Active 471 DOM
23. 2026-10-16
    days on market $276,990 Active 470 DOM
24. 2026-10-15
    days on market $276,990 Active 469 DOM
25. 2026-10-14
    days on market $276,990 Active 468 DOM
26. 2026-10-13
    days on market $276,990 Active 467 DOM
27. 2026-10-12
    days on market $276,990 Active 466 DOM
28. 2026-10-11
    days on market $276,990 Active 465 DOM
29. 2026-10-10
    days on market $276,990 Active 464 DOM
30. 2026-10-09
    days on market $276,990 Active 463 DOM
31. 2026-10-08
    days on market $276,990 Active 462 DOM
32. 2026-10-07
    days on market $276,990 Active 461 DOM
33. 2026-10-06
    days on market $276,990 Active 460 DOM
34. 2026-10-05
    days on market $276,990 Active 459 DOM
35. 2026-10-04
    days on market $276,990 Active 458 DOM
36. 2026-10-04
    days on market $276,990 Active 457 DOM
37. 2026-10-02
    days on market $276,990 Active 456 DOM
38. 2026-10-01
    days on market $276,990 Active 455 DOM
39. 2026-09-30
    days on market $276,990 Active 454 DOM
40. 2026-09-29
    days on market $276,990 Active 453 DOM
41. 2026-09-28
    days on market $276,990 Active 452 DOM
42. 2026-09-27
    days on market $276,990 Active 451 DOM
43. 2026-09-26
    days on market $276,990 Active 450 DOM
44. 2026-09-25
    days on market $276,990 Active 449 DOM
45. 2026-09-24
    days on market $276,990 Active 448 DOM
46. 2026-09-23
    days on market $276,990 Active 447 DOM
47. 2026-09-22
    days on market $276,990 Active 446 DOM
48. 2026-09-21
    days on market $276,990 Active 445 DOM
49. 2026-09-20
    days on market $276,990 Active 444 DOM
50. 2026-09-19
    days on market $276,990 Active 443 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $27,047
• − Mortgage interest: −$17,538
• − Property taxes: −$4,696
• − Insurance: −$1,565
• − Repairs & maintenance: −$2,164
• − Management: −$2,164
• − Depreciation: −$9,108
• Taxable loss: −$10,189
• Est. tax savings @ 24.0%: +$2,445
• After-tax cash flow: $-2,152/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.

Condition & rehab AI · 1 photo

Excellent 95/100 None rehab

This single-family home is in excellent condition with no visible repairs or maintenance needed. It offers a spacious layout and is move-in ready, making it an attractive option for both resale and rental markets.

Value-add opportunities

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both New flooring in bathrooms and kitchen — Improves functionality and aesthetics ↑
• Both New windows and doors — Enhances energy efficiency and curb appeal ↑

F Composite school gradezoned avg 28/100

Zoned Schools

Elementary I T Holleman El F TX #2,268/4,322 Nat'l #24,950/41,679 Middle Waller J H F TX #1,279/1,662 Nat'l #10,474/14,009

Schools (NCES district)

• District: Waller ISD
• NCES district ID: 4844430
• Math proficiency: 30% ▼ -23.00%
• Reading proficiency: 35% ▼ -11.00%
• Median HH income: $58,911
• Composite: 29.12/100
• National rank: #6593
• State rank: #532 of 826 in TX

Livability — Hockley

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Harris County · 5,571,493 people
• City population: 25,231
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 25,231
• Household income: $116,925
• Rent vs Own: 14.0% rent · 86.0% own
• Severe rent burden: 1% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 44% Hispanic / Latino 41% Two or more races 16% Black 9% Asian 1%
• Hispanic origin (detail): Mexican 27%
• Languages at home: 69% English-only · Spanish 28% Other Indo-European 1% Vietnamese 1%

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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: ▼ -112.73%
• Current HPI: 249.6969
• Rent YoY: ▼ -1.58%
• Metro: Houston-The Woodlands-Sugar Land, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

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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

1 event — show timeline

• 2025-07-03 Listed $298,990 Zillow