6205 Jensen Dr · Houston, TX 77026

$135,000

3 bd · 2.0 ba · 2,273 sqft · SingleFamily public records · 52 Days on market

Built 1940 10,001 sqft lot $59/sqft · 54% below area ↓ 56% since listing

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Why this score? — see what drove the B+ 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +6.9/10.0
• Livability +3.7/5.0
• Rent growth +3.3/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0

Listing remarks

Great opportunity to Rehab this great property in this up and coming community, right on the main drag. Hurry! Hurry!! Hurry!!!

Key facts

• 0.23 acre lot
• Built 1940
• Listed 52 days

Property features AI

Finance

• Other: Seller disclosure available

Exterior

• Utilities: Public water; Public sewer
• Home design: Residential property; Built in 1940; Single entry levels noted (rooms on first and second levels)
• Construction: Brick and wood siding exterior; Composition roof; Slab foundation
• Exterior features: Cleared lot

Interior

• Kitchen: Kitchen on the first level (approx. 6 x 8)
• Bedrooms: Primary bedroom on the second level (approx. 11 x 10); Two additional bedrooms on the second level (each approx. 10 x 10)
• Bathrooms: 2 full bathrooms
• Interior features: Total of 4 rooms; Cleared lot (visible from interior/exterior context)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $626 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $131k (3.0% below list) — sets the bar for market timing.

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.
• 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.
• Zoned schools: Key Middle (math 10% / reading 20%, grade F, #1,569 of 1,662 statewide, top 95%, 615 students, 100% FRL); Northside H S (math 15% / reading 26%, grade F, #1,389 of 1,632 statewide, top 86%, 1,168 students, 94% FRL) — zoned schools average 97% FRL vs 71% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 18% at this address vs 31% district-wide (-13 pts) — the specific schools serving this property underperform the Houston ISD average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+3.1%/yr); 445 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($933 loan paydown + $5k appreciation (3.9% local appreciation)).
• Harris County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.9% appreciation + 3.1% rent growth), your $38k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 6, 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 52 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $95k (41%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• 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 $130,950 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.56% ✓
• Cap rate: 11.86%
• Cash-on-cash: 19.89%
• DSCR: 1.88
• GRM: 5.3

CMA / ARV

• ARV (median comp): $291,279
• List price: $135,000
• Delta: -53.65%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2001 Lynnfield St	0.49mi	3/2.0	2,200 (-3%)	13mo	$90,000	$41	61
6804 Schuller Rd	0.38mi	3/2.0	1,968 (-13%)	11mo	$235,000	$119	50
5405 Gold St	0.58mi	4/3.0 (+1)	2,490 (+10%)	5mo	$169,500	$68	44

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

Projected returns pro-forma

3.89% appreciation · 3.08% rent growth · sell at horizon

5-year hold

• IRR: 28.1%
• Equity multiple: 2.66×
• Total profit: $62,915
• Equity at exit: $67,602

10-year hold

• IRR: 27.9%
• Equity multiple: 5.25×
• Total profit: $160,727
• Equity at exit: $109,901

Cash invested: $37,800 (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 77026

• Home prices YoY: 1.5%
• Rents YoY: 3.1%
• Active inventory: 445
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $2,106 high
• Mortgage (P&I): −$708
• Tax from tax record: −$273 /mo · $3,281/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$442
• Net cashflow: $626

Break-even live

Break-even rent $1,313

Max offer price $135,000

Occupancy floor 65%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5124 Gold St Unit B Houston, TX	3.0	2.5	1650	$1,895	$1.15	44d	1	0.64mi
4030 Reid St Houston, TX	3.0	2.0	1680	$2,000	$1.19	44d	1	0.75mi
1416 Fairbanks St Houston, TX	4.0	3.5	1888	$1,899	$1.01	8d	1	0.78mi
1524 Evelyn St Houston, TX	3.0	2.5	1804	$2,800	$1.55	44d	1	1.10mi
8322 Curry Rd Houston, TX	3.0	2.5	1599	$2,500	$1.56	44d	1	1.38mi
8326 Curry Rd Unit 1228882P Houston, TX	3.0	2.0	1614	$2,878	$1.78	8d	1	1.39mi
3208 Bostic St Unit 1254540P Houston, TX	3.0	2.0	1603	$3,691	$2.30	2d	1	1.42mi
1039 Hillstar St Houston, TX	3.0	2.5	1780	$2,750	$1.54	12d	1	1.47mi

Listing history 25 events

1. 2026-06-18
   days on market $135,000 Active 52 DOM
2. 2026-06-17
   days on market $135,000 Active 51 DOM
3. 2026-06-16
   days on market $135,000 Active 50 DOM
4. 2026-06-15
   days on market $135,000 Active 49 DOM
5. 2026-06-13
   days on market $135,000 Active 47 DOM
6. 2026-06-10
   days on market $135,000 Active 43 DOM
7. 2026-06-08
   pricedays on market $135,000 Active 42 DOM
8. 2026-06-07
   days on market $215,000 Active 41 DOM
9. 2026-06-04
   days on market $215,000 Active 38 DOM
10. 2026-06-01
    days on market $215,000 Active 35 DOM
11. 2026-05-31
    days on market $215,000 Active 34 DOM
12. 2026-05-14
    price $215,000 127-char remark
13. 2026-04-27
    listed $230,000 Active 127-char remark
14. 2025-03-31
    historical
15. 2025-01-20
    price $150,000
16. 2025-01-16
    price $157,000
17. 2024-12-31
    price $190,000
18. 2024-11-21
    status Active
19. 2024-11-04
    status Pending
20. 2024-10-17
    status Option Pending
21. 2024-06-10
    price $215,000
22. 2024-05-13
    price $230,000
23. 2024-04-24
    price $260,000
24. 2024-04-10
    listed $310,000 Active
25. 1988-01-02
    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: $3,281 · $273/mo
• Projected year-2 tax: $3,281 · $273/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) · 20% 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 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,277
• − Mortgage interest: −$7,562
• − Property taxes: −$3,281
• − Insurance: −$675
• − Repairs & maintenance: −$2,022
• − Management: −$2,022
• − Depreciation: −$3,927
• Taxable income: $5,788
• Est. tax owed @ 24.0%: −$1,389
• After-tax cash flow: $6,129/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): 21,981
• Household income: $39,211
• Rent vs Own: 56.3% rent · 43.7% own
• Severe rent burden: 1531.0

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 0.56)
• Race & ethnicity: Black 49% Hispanic / Latino 44% Two or more races 18% White 5% Native American 1%
• Hispanic origin (detail): Mexican 34%
• Common ancestry: Lithuanian 1%
• Foreign-born: 15% · Canada
• Languages at home: 61% English-only · Spanish 39%

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: ▲ 3.89%
• Current HPI: 267.5995
• Rent YoY: ▲ 3.08%
• 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

-56.5% since first listed

15 events — show timeline

• 2026-06-08 Price Changed $135,000 HARMLS
• 2026-05-14 Price Changed $215,000 HARMLS
• 2026-04-27 Listed $230,000 HARMLS
• 2025-03-31 Listing Removed — HARMLS
• 2025-01-20 Price Changed $150,000 HARMLS
• 2025-01-16 Price Changed $157,000 HARMLS
• 2024-12-31 Price Changed $190,000 HARMLS
• 2024-11-21 Relisted — HARMLS
• 2024-11-04 Pending — HARMLS
• 2024-10-17 Pending — HARMLS
• 2024-06-10 Price Changed $215,000 HARMLS
• 2024-05-13 Price Changed $230,000 HARMLS
• 2024-04-24 Price Changed $260,000 HARMLS
• 2024-04-10 Listed $310,000 HARMLS
• 1988-01-02 Sold (Public Records) — Public Records

Property tax history

+10.5%/yr

Latest (2025): $3,281 · -5.5% YoY. Source: county tax records.