10758 Red Flagstone Dr · Deerwood, TX 77306

$224,900

4 bd · 2.5 ba · 1,789 sqft · Land · 307 Days on market

Built 2025 5,000 sqft lot $126/sqft · at area comps Est $232k · at est. $25/mo HOA · 1% of rent ↓ 17% since listing

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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).

• Cash flow +17.1/30.0
• ARV discount +8.8/15.0
• DSCR +5.3/10.0
• 1% rule +3.5/10.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that’s perfect for hosting, as well as a convenient powder room. Whether you’re having guests over for a gathering or just kicking back and relaxing, it’s an ideal floor plan for comfortable everyday living. When you’re ready to rest, you’ll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

Key facts

• 5,000 sq ft lot
• 2 garage spots
• Built 2025

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath land listed at $225k.

Deal economics

• At list price, monthly cash flow is $156 ($2k/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 $191k (15.1% below list).
• Recommended offer: $191k (15.1% below list) — sets the bar for 1% rule.
• Cap rate 7.1% vs local median 5.4% in Deerwood — 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: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Splendora ISD (rural): math 25% / reading 31% proficiency, ranked #648 of 826 in TX (top 78%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Piney Woods El (math 23% / reading 28%, grade F, #2,982 of 4,322 statewide, top 70%, 534 students, 55% FRL); Splendora J H (math 28% / reading 42%, grade F, #842 of 1,662 statewide, top 51%, 774 students, 62% FRL); Splendora H S (math 18% / reading 38%, grade F, #1,170 of 1,632 statewide, top 72%, 1,344 students, 59% FRL) — zoned schools at 59% FRL track the district average.
• Market conditions: 416 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 13,259 units permitted in Montgomery County in 2024 (1,402 in 5+ unit buildings).
• This rent runs 30% of the median local income ($76k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.
• Montgomery County population projected at +65% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 307 days — a 12% lower offer ($198k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts; this cycle's ask has dropped $44k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $191,019 (15.1% below list)

Questions for the listing agent

1. It's been on market 307 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 0.85% ✗
• Cap rate: 7.13%
• Cash-on-cash: 2.97%
• DSCR: 1.13
• GRM: 9.8

CMA / ARV

• ARV (median comp): $231,667
• List price: $224,900
• Delta: -2.92%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -11.7%
• Equity multiple: 0.58×
• Total profit: $-26,605
• Equity at exit: $33,533

10-year hold

• IRR: -2.5%
• Equity multiple: 0.83×
• Total profit: $-10,761
• Equity at exit: $19,445

Cash invested: $62,972 (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 77306

• Home prices YoY: -4.1%
• Active inventory: 416
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,910 medium
• Mortgage (P&I): −$1,179
• Tax from tax record: −$55 /mo · $660/yr
• Insurance: −$94
• HOA: −$25
• Vacancy / Maint / Mgmt: −$401
• Net cashflow: $156

Break-even live

Break-even rent $1,713

Max offer price $224,900

Occupancy floor 87%

Sensitivity live

Price	-10% $283	-5% $220	+0% $156	+5% $92	+10% $29
Rent	-10% $5	-5% $81	+0% $156	+5% $231	+10% $307
Rate	-1.0pp $269	-0.5pp $213	base $156	+0.5pp $98	+1.0pp $38

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: $56,225
• Closing costs: $6,747
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10050 Cerritos Dr Conroe, TX	4.0	2.0	1400	$1,499	$1.07	26d	1	0.78mi
15743 Del Norte Dr Conroe, TX	4.0	3.0	1811	$1,895	$1.05	45d	1	0.91mi
15581 Briar Forest Dr Conroe, TX	4.0	2.0	1400	$1,545	$1.10	0d	1	0.91mi

HOA detail

• Monthly dues: $25 · $300/yr

Listing history 48 events

1. 2026-06-21
   days on market $224,900 Active 307 DOM
2. 2026-06-18
   days on market $224,900 Active 304 DOM
3. 2026-06-17
   days on market $224,900 Active 303 DOM
4. 2026-06-16
   days on market $224,900 Active 302 DOM
5. 2026-06-15
   days on market $224,900 Active 301 DOM
6. 2026-06-13
   days on market $224,900 Active 299 DOM
7. 2026-06-13
   days on market $224,900 Active 298 DOM
8. 2026-06-09
   days on market $224,900 Active 295 DOM
9. 2026-06-08
   days on market $224,900 Active 294 DOM
10. 2026-06-07
    days on market $224,900 Active 293 DOM
11. 2026-06-04
    days on market $224,900 Active 290 DOM
12. 2026-06-03
    days on market $224,900 Active 289 DOM
13. 2026-06-02
    days on market $224,900 Active 288 DOM
14. 2026-06-01
    days on market $224,900 Active 287 DOM
15. 2026-05-31
    days on market $224,900 Active 286 DOM
16. 2026-05-05
    price $224,900 583-char remark

    Show marketing remark (583 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that’s perfect for hosting, as well as a convenient powder room. Whether you’re having guests over for a gathering or just kicking back and relaxing, it’s an ideal floor plan for comfortable everyday living. When you’re ready to rest, you’ll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

17. 2026-05-02
    price $224,900 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

18. 2026-04-02
    price $249,900 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

19. 2026-04-01
    status Active 583-char remark

    Show marketing remark (583 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that’s perfect for hosting, as well as a convenient powder room. Whether you’re having guests over for a gathering or just kicking back and relaxing, it’s an ideal floor plan for comfortable everyday living. When you’re ready to rest, you’ll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

20. 2026-04-01
    price $249,900 583-char remark

    Show marketing remark (583 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that’s perfect for hosting, as well as a convenient powder room. Whether you’re having guests over for a gathering or just kicking back and relaxing, it’s an ideal floor plan for comfortable everyday living. When you’re ready to rest, you’ll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

21. 2026-03-27
    price $262,900 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

22. 2026-03-24
    status Active 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

23. 2026-03-24
    price $270,585 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

24. 2026-02-23
    status Pending 583-char remark

    Show marketing remark (583 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that’s perfect for hosting, as well as a convenient powder room. Whether you’re having guests over for a gathering or just kicking back and relaxing, it’s an ideal floor plan for comfortable everyday living. When you’re ready to rest, you’ll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

25. 2026-02-16
    historical 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

26. 2025-12-31
    price $234,900 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

27. 2025-12-30
    price $234,900 583-char remark

    Show marketing remark (583 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that’s perfect for hosting, as well as a convenient powder room. Whether you’re having guests over for a gathering or just kicking back and relaxing, it’s an ideal floor plan for comfortable everyday living. When you’re ready to rest, you’ll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

28. 2025-11-29
    price $239,900 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

29. 2025-11-19
    price $270,585 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

30. 2025-10-25
    price $239,900 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

31. 2025-10-24
    price $239,170 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

32. 2025-10-02
    price $239,900 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

33. 2025-10-01
    price $239,900 583-char remark

    Show marketing remark (583 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that’s perfect for hosting, as well as a convenient powder room. Whether you’re having guests over for a gathering or just kicking back and relaxing, it’s an ideal floor plan for comfortable everyday living. When you’re ready to rest, you’ll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

34. 2025-09-05
    price $244,900 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

35. 2025-09-04
    price $244,900 583-char remark

    Show marketing remark (583 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that’s perfect for hosting, as well as a convenient powder room. Whether you’re having guests over for a gathering or just kicking back and relaxing, it’s an ideal floor plan for comfortable everyday living. When you’re ready to rest, you’ll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

36. 2025-07-25
    price $249,900 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

37. 2025-07-24
    price $249,900 583-char remark

    Show marketing remark (583 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that’s perfect for hosting, as well as a convenient powder room. Whether you’re having guests over for a gathering or just kicking back and relaxing, it’s an ideal floor plan for comfortable everyday living. When you’re ready to rest, you’ll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

38. 2025-07-22
    status Active 583-char remark

    Show marketing remark (583 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that’s perfect for hosting, as well as a convenient powder room. Whether you’re having guests over for a gathering or just kicking back and relaxing, it’s an ideal floor plan for comfortable everyday living. When you’re ready to rest, you’ll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

39. 2025-07-12
    price $259,900 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

40. 2025-07-12
    status Active 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

41. 2025-07-01
    status Pending 583-char remark

    Show marketing remark (583 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that’s perfect for hosting, as well as a convenient powder room. Whether you’re having guests over for a gathering or just kicking back and relaxing, it’s an ideal floor plan for comfortable everyday living. When you’re ready to rest, you’ll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

42. 2025-06-30
    historical 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

43. 2025-06-25
    price $233,900 583-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

44. 2025-06-25
    price $234,900 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

45. 2025-06-20
    listed $268,900 Active 583-char remark

    Show marketing remark (583 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that’s perfect for hosting, as well as a convenient powder room. Whether you’re having guests over for a gathering or just kicking back and relaxing, it’s an ideal floor plan for comfortable everyday living. When you’re ready to rest, you’ll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

46. 2025-06-17
    price $268,900 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

47. 2025-06-12
    price $269,415 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

48. 2025-05-10
    listed $269,900 Active 553-char remark

    Show marketing remark (553 chars)

    Introducing the Falcon. This multi-story floor plan boasts an open-concept layout on the main floor, with a cozy great room/dining room/kitchen setup that's perfect for hosting, as well as a convenient powder room. Whether you're having guests over for a gathering or just kicking back and relaxing, it's an ideal floor plan for comfortable everyday living. When you're ready to rest, you'll find the serene primary suite upstairs, featuring a spacious walk-in closet and a luxurious private bath. Three additional bedrooms offer roomy, relaxing spaces.

ⓘ 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: $660 · $55/mo
• Projected year-2 tax: $4,116 · $343/mo
• Expected delta: +$3,456/yr (+$288/mo · 523.8%)

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

Taxation est. · year 1

• Rental income: $22,922
• − Mortgage interest: −$12,598
• − Property taxes: −$660
• − Insurance: −$1,124
• − Repairs & maintenance: −$1,834
• − Management: −$1,834
• − HOA: −$300
• − Depreciation: −$6,543
• Taxable loss: −$1,970
• Est. tax savings @ 24.0%: +$473
• After-tax cash flow: $2,344/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: Splendora ISD
• NCES district ID: 4841070
• Math proficiency: 25% ▼ -8.00%
• Reading proficiency: 31% ▼ -1.00%
• Median HH income: $54,166
• Composite: 24.92/100
• National rank: #7572
• State rank: #648 of 826 in TX

Livability — Deerwood

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

Census & demographics

• County: Montgomery County · 663,713 people
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 18,086
• Household income: $76,257
• Rent vs Own: 18.1% rent · 81.9% own
• Severe rent burden: 231.0

Population outlook (Montgomery County) Hauer SSP2

• Today (2025): 713,896 people
• By 2030: 805,263 · +12.8%
• By 2040: 992,708 · +39.1%
• By 2050: 1,179,590 · +65.2%
• By 2075: 1,628,084 · +128.1%
• By 2100: 1,937,880 · +171.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (55%)
• Race & ethnicity: Hispanic / Latino 55% White 41% Two or more races 11% Black 2%
• Hispanic origin (detail): Mexican 51%
• Common ancestry: Iranian 1% Slovak 1% Lithuanian 1%
• Foreign-born: 21% · Canada
• Languages at home: 53% English-only · Spanish 45% German/W. Germanic 1%

Political lean MEDSL · Montgomery

• 2024 margin: Solid R (+45.5) · D 26.8% · R 72.3%
• 2008→2024 swing: +7.2pp toward D · 2008: -52.7pp · 2024: -45.5pp
• All cycles: 2024: R+45.5 2020: R+43.8 2016: R+51.4 2012: R+60.7 2008: R+52.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -13.02%
• Current HPI: 306.3801
• 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

-16.7% since first listed

33 events — show timeline

• 2026-05-05 Price Changed $224,900 HARMLS
• 2026-05-02 Price Changed $224,900 Zillow
• 2026-04-02 Price Changed $249,900 Zillow
• 2026-04-01 Relisted — HARMLS
• 2026-04-01 Price Changed $249,900 HARMLS
• 2026-03-27 Price Changed $262,900 Zillow
• 2026-03-24 Price Changed $270,585 Zillow
• 2026-03-24 Relisted — Zillow
• 2026-02-23 Pending — HARMLS
• 2026-02-16 Delisted — Zillow
• 2025-12-31 Price Changed $234,900 Zillow
• 2025-12-30 Price Changed $234,900 HARMLS
• 2025-11-29 Price Changed $239,900 Zillow
• 2025-11-19 Price Changed $270,585 Zillow
• 2025-10-25 Price Changed $239,900 Zillow
• 2025-10-24 Price Changed $239,170 Zillow
• 2025-10-02 Price Changed $239,900 Zillow
• 2025-10-01 Price Changed $239,900 HARMLS
• 2025-09-05 Price Changed $244,900 Zillow
• 2025-09-04 Price Changed $244,900 HARMLS
• 2025-07-25 Price Changed $249,900 Zillow
• 2025-07-24 Price Changed $249,900 HARMLS
• 2025-07-22 Relisted — HARMLS
• 2025-07-12 Relisted — Zillow
• 2025-07-12 Price Changed $259,900 Zillow
• 2025-07-01 Pending — HARMLS
• 2025-06-30 Delisted — Zillow
• 2025-06-25 Price Changed $233,900 HARMLS
• 2025-06-25 Price Changed $234,900 Zillow
• 2025-06-20 Listed $268,900 HARMLS
• 2025-06-17 Price Changed $268,900 Zillow
• 2025-06-12 Price Changed $269,415 Zillow
• 2025-05-10 Listed $269,900 Zillow