7230 England St · Houston, TX 77021

$245,000

3 bd · 1.5 ba · 1,842 sqft · SingleFamily public records · 118 Days on market

Built 1969 5,292 sqft lot $133/sqft · 17% below area Est $295k · 17% under

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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 +15.0/15.0
• Cash flow +13.5/30.0
• 1% rule +4.5/10.0
• DSCR +4.1/10.0
• Livability +3.7/5.0
• Rent growth +3.0/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious 4-bedroom, 2-bath home ideally located just minutes from the Houston Medical Center, offering the perfect blend of convenience and investment potential. This well-maintained property features a functional layout with generously sized bedrooms, comfortable living areas, and plenty of natural light ideal. Currently resident occupied and generating $2,400 per month in rental income, this home presents an excellent opportunity for investors seeking immediate cash flow. Its prime location near the Medical Center, major freeways, dining, and shopping helps ensure strong rental demand and long-term value. Whether you're looking to expand your investment portfolio or secure a future primary residence in a highly desirable area, this property checks all the boxes. Please do not disturb tenants. Showings by appointment only.

Key facts

• Strong rental demand
• Long term value
• Prime location

Tags

• GENERATING RENTAL INCOME
• STRONG RENTAL DEMAND
• LONG TERM VALUE
• PRIME LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $245k.

Deal economics

• At list price, monthly cash flow is $8 ($97/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 $234k (4.5% below list).
• Recommended offer: $223k (9.0% below list) — sets the bar for market timing.
• Cap rate 6.3% 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: schools D, 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.
• Market conditions: Rents rising (+2.2%/yr); 467 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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).
• At $2,339/mo this rent would consume 62% of the median local household income ($46k/yr) (locally 2532% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 118 days — a 9% lower offer ($223k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 16y ago; this cycle's ask has dropped $105k (30%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $222,950 (9.0% below list)

Questions for the listing agent

1. It's been on market 118 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 0.95% ✗
• Cap rate: 6.33%
• Cash-on-cash: 0.14%
• DSCR: 1.01
• GRM: 8.7

CMA / ARV

• ARV (median comp): $295,352
• List price: $245,000
• Delta: -17.05%
• 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
7117 England St Unit C	0.18mi	3/2.5	1,700 (-8%)	1mo	$340,000	$200	74
4107 Dreyfus St	0.12mi	3/3.5	1,984 (+8%)	2mo	$200,000	$101	72
4211 Faulkner St	0.25mi	3/2.5	1,610 (-13%)	3mo	$274,900	$171	61
3605 Mt Pleasant St	0.63mi	3/3.5	1,868 (+1%)	1mo	$349,900	$187	59
6906 England St	0.38mi	3/2.5	1,600 (-13%)	4mo	$309,900	$194	53
3733 Lydia St	0.50mi	3/3.5	2,018 (+10%)	2mo	$359,900	$178	51
6725 Saint Augustine St	0.52mi	3/3.5	2,050 (+11%)	1mo	$299,900	$146	48
4819 Lingonberry St	0.74mi	3/2.0	2,019 (+10%)	1mo	$155,000	$77	46
3617A Mt Pleasant St	0.63mi	3/3.5	2,012 (+9%)	2mo	$364,800	$181	46
4019 Ward St	0.52mi	3/3.5	2,050 (+11%)	4mo	$315,000	$154	46
3615A Mt Pleasant St	0.61mi	3/3.5	2,012 (+9%)	3mo	$364,900	$181	45
4611 Idaho St	0.58mi	4/2.0 (+1)	1,640 (-11%)	4mo	$257,000	$157	44

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 · 2.17% rent growth · sell at horizon

5-year hold

• IRR: -17.0%
• Equity multiple: 0.40×
• Total profit: $-40,996
• Equity at exit: $36,530

10-year hold

• IRR: -10.6%
• Equity multiple: 0.38×
• Total profit: $-42,343
• Equity at exit: $21,183

Cash invested: $68,600 (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 77021

• Home prices YoY: -23.6%
• Rents YoY: 2.2%
• Active inventory: 467
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $2,339 high
• Mortgage (P&I): −$1,285
• Tax from tax record: −$453 /mo · $5,434/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$491
• Net cashflow: $8

Break-even live

Break-even rent $2,329

Max offer price $245,000

Occupancy floor 95%

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: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7321 Conley St Unit A Houston, TX	3.0	2.5	1869	$2,025	$1.08	20d	1	0.07mi
7321 Conley St Unit B Houston, TX	3.0	2.0	1501	$2,025	$1.35	20d	1	0.07mi
3846 Seabrook St Houston, TX	3.0	3.5	1833	$2,300	$1.25	43d	1	0.30mi
3732 Seabrook St Houston, TX	3.0	2.5	1727	$2,350	$1.36	24d	1	0.44mi
6809 Conley St Houston, TX	3.0	4.0	1921	$2,600	$1.35	43d	1	0.46mi
3655 Seabrook St Unit 6 Houston, TX	2.0	1.0	1600	$1,000	$0.62	43d	1	0.49mi
4530 Mayflower St Houston, TX	3.0	2.0	1302	$1,800	$1.38	43d	1	0.56mi
3615 Dreyfus St Houston, TX	3.0	3.0	2011	$2,800	$1.39	43d	1	0.59mi
4705 Idaho St Houston, TX	3.0	2.5	1664	$2,500	$1.50	16d	1	0.66mi
6731 New York St Houston, TX	3.0	3.0	2211	$2,100	$0.95	43d	1	0.68mi
7806 Comal St Unit B Houston, TX	3.0	2.5	1800	$2,200	$1.22	43d	1	0.72mi
4609 Bricker St Unit ABC Houston, TX	3.0	2.5	1375	$3,500	$2.55	11d	1	0.81mi
4609 Bricker St Unit B Houston, TX	3.0	2.5	1300	$3,500	$2.69	12d	1	0.81mi
7507 Springhill St Houston, TX	3.0	3.5	2000	$4,500	$2.25	43d	1	0.82mi
4613 Bricker St Unit B Houston, TX	3.0	2.5	1600	$2,300	$1.44	43d	1	0.82mi
4601 White Rock St Unit A Houston, TX	3.0	2.5	1700	$2,500	$1.47	43d	1	0.89mi
7358 Guadalcanal Rd Houston, TX	3.0	3.0	1768	$2,195	$1.24	43d	1	0.89mi
8010 Livingston St Houston, TX	3.0	2.0	1400	$1,800	$1.29	43d	1	0.91mi
4942 Bataan Rd Unit 77033 Houston, TX	4.0	2.0	1350	$1,800	$1.33	43d	1	0.93mi
8107 Calhoun Rd Houston, TX	3.0	2.5	1304	$2,250	$1.73	24d	1	0.93mi
3402 Nathaniel Brown St Unit B Houston, TX	3.0	2.5	1885	$2,025	$1.07	43d	1	0.98mi
4117 Shelby Cir Unit 1230900P Houston, TX	4.0	2.0	1367	$5,355	$3.92	1d	1	0.98mi
3620 Du Bois St Unit 1302349P Houston, TX	3.0	2.5	1797	$2,945	$1.64	2d	1	0.99mi
6532 Weston St Unit A Houston, TX	3.0	3.0	1484	$2,200	$1.48	17d	1	1.00mi
6528 Weston St Unit A Houston, TX	3.0	3.0	1484	$2,200	$1.48	43d	1	1.02mi
3731 Alsace St Unit 1560804P Houston, TX	3.0	2.0	2002	$3,387	$1.69	2d	1	1.04mi
4835 Sunflower St Unit 1546466P Houston, TX	3.0	2.0	1883	$4,516	$2.40	14d	1	1.05mi
7710 Darnay Dr Houston, TX	3.0	3.0	1635	$2,095	$1.28	43d	1	1.05mi
4406 Sterling St Houston, TX	3.0	2.5	1840	$1,999	$1.09	16d	1	1.06mi
8328 Corinth St Unit B Houston, TX	3.0	2.5	1500	$2,800	$1.87	20d	1	1.09mi
7339 Krueger Rd Houston, TX	3.0	2.0	2440	$1,900	$0.78	43d	1	1.17mi
3311 Daphne St Unit 1255369P Houston, TX	3.0	3.5	1797	$6,544	$3.64	1d	1	1.21mi
3311 Daphne St Unit 3311 Houston, TX	3.0	3.5	1800	$7,500	$4.17	43d	1	1.22mi
6737 Peerless St Unit A Houston, TX	3.0	3.5	1732	$2,649	$1.53	16d	1	1.22mi
6735 Peerless St Unit CUNIT A Houston, TX	3.0	3.5	1732	$2,649	$1.53	16d	1	1.23mi
7373 Ardmore St Houston, TX	1.0–3.0	1.0–2.0	1095	$1,887	$1.72	4d	24	1.24mi
3088 Holly Hall St Unit 1 Houston, TX	2.0	2.5	1600	$1,750	$1.09	14d	1	1.26mi
5201 Kenilwood Dr Unit B Houston, TX	3.0	2.0	2442	$1,725	$0.71	13d	1	1.26mi
4514 Galesburg St Unit B Houston, TX	3.0	2.5	1680	$3,500	$2.08	24d	1	1.26mi
7379 Ardmore St Unit 1303 Houston, TX	3.0	2.0	1442	$1,967	$1.36	21d	1	1.26mi

Listing history 33 events

1. 2026-06-18
   days on market $245,000 Active 118 DOM
2. 2026-06-17
   days on market $245,000 Active 117 DOM
3. 2026-06-16
   days on market $245,000 Active 116 DOM
4. 2026-06-15
   days on market $245,000 Active 115 DOM
5. 2026-06-13
   days on market $245,000 Active 113 DOM
6. 2026-06-10
   days on market $245,000 Active 109 DOM
7. 2026-06-08
   days on market $245,000 Active 108 DOM
8. 2026-06-07
   days on market $245,000 Active 107 DOM
9. 2026-06-04
   days on market $245,000 Active 104 DOM
10. 2026-06-01
    days on market $245,000 Active 101 DOM
11. 2026-05-31
    days on market $245,000 Active 100 DOM
12. 2026-02-27
    price $245,000 841-char remark

    Show marketing remark (841 chars)

    Spacious 4-bedroom, 2-bath home ideally located just minutes from the Houston Medical Center, offering the perfect blend of convenience and investment potential. This well-maintained property features a functional layout with generously sized bedrooms, comfortable living areas, and plenty of natural light ideal. Currently resident occupied and generating $2,400 per month in rental income, this home presents an excellent opportunity for investors seeking immediate cash flow. Its prime location near the Medical Center, major freeways, dining, and shopping helps ensure strong rental demand and long-term value. Whether you're looking to expand your investment portfolio or secure a future primary residence in a highly desirable area, this property checks all the boxes. Please do not disturb tenants. Showings by appointment only.

13. 2026-02-20
    price $250,000 841-char remark

    Show marketing remark (841 chars)

    Spacious 4-bedroom, 2-bath home ideally located just minutes from the Houston Medical Center, offering the perfect blend of convenience and investment potential. This well-maintained property features a functional layout with generously sized bedrooms, comfortable living areas, and plenty of natural light ideal. Currently resident occupied and generating $2,400 per month in rental income, this home presents an excellent opportunity for investors seeking immediate cash flow. Its prime location near the Medical Center, major freeways, dining, and shopping helps ensure strong rental demand and long-term value. Whether you're looking to expand your investment portfolio or secure a future primary residence in a highly desirable area, this property checks all the boxes. Please do not disturb tenants. Showings by appointment only.

14. 2026-02-20
    listed $350,000 Active 841-char remark

    Show marketing remark (841 chars)

    Spacious 4-bedroom, 2-bath home ideally located just minutes from the Houston Medical Center, offering the perfect blend of convenience and investment potential. This well-maintained property features a functional layout with generously sized bedrooms, comfortable living areas, and plenty of natural light ideal. Currently resident occupied and generating $2,400 per month in rental income, this home presents an excellent opportunity for investors seeking immediate cash flow. Its prime location near the Medical Center, major freeways, dining, and shopping helps ensure strong rental demand and long-term value. Whether you're looking to expand your investment portfolio or secure a future primary residence in a highly desirable area, this property checks all the boxes. Please do not disturb tenants. Showings by appointment only.

15. 2023-05-22
    soldstatus
16. 2022-05-19
    historical
17. 2022-03-24
    price $260,000
18. 2022-02-17
    price $283,000
19. 2022-02-13
    price $285,000
20. 2022-02-02
    listed $290,000 Active
21. 2020-09-16
    soldstatus
22. 2020-03-05
    soldstatus
23. 2015-11-16
    soldstatus
24. 2010-06-17
    soldstatus
25. 2010-05-29
    historical
26. 2010-05-14
    listed $46,000
27. 2010-05-14
    historical
28. 2010-05-13
    listed $46,000
29. 2009-03-05
    soldstatus
30. 2009-02-25
    soldstatus
31. 2008-08-14
    soldstatus
32. 2007-11-09
    soldstatus
33. 1993-10-28
    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: $5,434 · $453/mo
• Projected year-2 tax: $5,434 · $453/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 4/10 Moderate FEMA zone X (unshaded) · 21% 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,068
• − Mortgage interest: −$13,724
• − Property taxes: −$5,434
• − Insurance: −$1,225
• − Repairs & maintenance: −$2,245
• − Management: −$2,245
• − Depreciation: −$7,127
• Taxable loss: −$3,933
• Est. tax savings @ 24.0%: +$944
• After-tax cash flow: $1,041/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): 26,153
• Household income: $45,574
• Rent vs Own: 58.2% rent · 41.8% own
• Severe rent burden: 2532.0

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 0.55)
• Race & ethnicity: Black 62% Hispanic / Latino 22% Two or more races 12% White 10% Asian 2%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Italian 1% Romanian 1% Lithuanian 1%
• Foreign-born: 11% · Canada
• Languages at home: 77% English-only · Spanish 19% 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: ▼ -71.22%
• Current HPI: 230.2869
• Rent YoY: ▲ 2.17%
• 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

+432.6% since first listed

22 events — show timeline

• 2026-02-27 Price Changed $245,000 HARMLS
• 2026-02-20 Price Changed $250,000 HARMLS
• 2026-02-20 Listed $350,000 HARMLS
• 2023-05-22 Sold (Public Records) — Public Records
• 2022-05-19 Listing Removed — HARMLS
• 2022-03-24 Price Changed $260,000 HARMLS
• 2022-02-17 Price Changed $283,000 HARMLS
• 2022-02-13 Price Changed $285,000 HARMLS
• 2022-02-02 Listed $290,000 HARMLS
• 2020-09-16 Sold (Public Records) — Public Records
• 2020-03-05 Sold (Public Records) — Public Records
• 2015-11-16 Sold (Public Records) — Public Records
• 2010-06-17 Sold (MLS) — HARMLS
• 2010-05-29 Listing Removed — HARMLS
• 2010-05-14 Listing Removed — HARMLS
• 2010-05-14 Listed $46,000 HARMLS
• 2010-05-13 Listed $46,000 HARMLS
• 2009-03-05 Sold (Public Records) — Public Records
• 2009-02-25 Sold (Public Records) — Public Records
• 2008-08-14 Sold (Public Records) — Public Records
• 2007-11-09 Sold (Public Records) — Public Records
• 1993-10-28 Sold (Public Records) — Public Records

Property tax history

+9.5%/yr

Latest (2025): $5,434 · -7.0% YoY. Source: county tax records.