3320 Burke Rd #55 · Pasadena, TX 77504

$70,000

2 bd · 1.0 ba · 812 sqft · Condo public records · 14 Days on market

Built 1969 $86/sqft · 22% below area Est $90k · 22% under $301/mo HOA · 28% of rent

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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 +12.8/30.0
• 1% rule +10.0/10.0
• DSCR +3.8/10.0
• Livability +3.3/5.0
• Rent growth +2.8/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Charming condo located in the Bayshore T/H Condo community in Pasadena. This unit offers a functional layout with comfortable living spaces, convenient access to major highways, shopping, dining, and everyday amenities—a great opportunity for homeowners or investors alike. Schedule your private tour today.

Key facts

• $301 HOA
• Parking
• Community pool

Tags

• BAYSHORE T H CONDO COMMUNITY

Property features AI

Finance

• HOA & community: Monthly association fee of $301 covering common areas, structure maintenance, and trash; Community pool

Exterior

• Parking: Carport (1 space)
• Utilities: Public water; Public sewer
• Home design: Residential single-story; Built in 1969; Slab foundation
• Construction: Brick construction
• Exterior features: Composition roof

Interior

• Kitchen: Electric oven; Disposal
• Bedrooms: Bedroom (First floor) — 10x10; Primary bedroom (First floor) — 12x11; Total of 2 rooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Electric fireplace (1)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $70k.

Deal economics

• At list price, monthly cash flow is $-6 ($-77/yr) — negative.
• To cash-flow at today's rent, offer at most $69k (1.6% below list).
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $69k (1.6% below list) — sets the bar for cash-flow.
• Cap rate 6.2% vs local median 3.5% in Pasadena — 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 66/100 on livability (#600 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D+, crime F, amenities F.
• Pasadena ISD (suburban): math 29% / reading 32% proficiency, ranked #612 of 826 in TX (top 74%) — 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: Marshall Kendrick Middle (math 24% / reading 26%, grade F, #1,258 of 1,662 statewide, top 77%, 682 students, 89% FRL) — zoned schools average 89% FRL vs 71% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.3%/yr); 80 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $484 of loan paydown is wiped out by about $2k 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

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price; HOA is 28% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $68,871 (1.6% 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. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.55% ✓
• Cap rate: 6.18%
• Cash-on-cash: -0.39%
• DSCR: 0.98
• GRM: 5.4

CMA / ARV

• ARV (median comp): $90,304
• List price: $70,000
• Delta: -16.95%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.28% rent growth · sell at horizon

5-year hold

• IRR: -20.0%
• Equity multiple: 0.32×
• Total profit: $-13,346
• Equity at exit: $10,437

10-year hold

• IRR: -20.6%
• Equity multiple: 0.06×
• Total profit: $-18,448
• Equity at exit: $6,052

Cash invested: $19,600 (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 77504

• Home prices YoY: -24.7%
• Rents YoY: 1.3%
• Active inventory: 80
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,085 high
• Mortgage (P&I): −$367
• Tax from tax record: −$166 /mo · $1,993/yr
• Insurance: −$29
• HOA: −$301
• Vacancy / Maint / Mgmt: −$228
• Net cashflow: $-6

Break-even live

Break-even rent $1,093

Max offer price $68,871

Occupancy floor 96%

Sensitivity live

Price	-10% $33	-5% $13	+0% $-6	+5% $-26	+10% $-46
Rent	-10% $-92	-5% $-49	+0% $-6	+5% $36	+10% $79
Rate	-1.0pp $29	-0.5pp $11	base $-6	+0.5pp $-25	+1.0pp $-43

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3520 Burke Rd Pasadena, TX	1.0	1.0	724	$1,185	$1.64	25d	1	0.36mi
3602 Burke Rd Unit 3623 Pasadena, TX	1.0	1.0	672	$820	$1.22	14d	1	0.42mi
3602 Burke Rd Unit 3653 Pasadena, TX	1.0	1.0	672	$815	$1.21	45d	1	0.42mi
3602 Burke Rd Unit 3623 Pasadena, TX	1.0	1.0	736	$799	$1.09	0d	1	0.42mi
3602 Burke Rd Unit 3659 Pasadena, TX	2.0	2.0	1090	$1,184	$1.09	0d	1	0.42mi
3200 Federal Rd Pasadena, TX	1.0–3.0	1.0–2.0	900	$1,134	$1.26	3d	7	0.43mi
3602 Burke Rd Pasadena, TX	1.0–2.0	1.0	881	$1,375	$1.56	6d	1	0.43mi
3602 Burke Rd Pasadena, TX	1.0	1.0	736	$799	$1.09	14d	1	0.43mi
3907 Ecuador Dr Pasadena, TX	2.0	1.0	1090	$1,100	$1.01	45d	1	0.48mi
3002 Strawberry Rd Pasadena, TX	2.0	1.0	910	$982	$1.08	0d	9	0.48mi
3650 Burke Rd Pasadena, TX	1.0	1.0	650	$1,025	$1.58	3d	4	0.49mi
3101 Spencer Hwy Unit 3143 Pasadena, TX	1.0	1.0	550	$889	$1.62	11d	1	0.51mi
3107 Spencer Hwy Pasadena, TX	1.0	1.0	697	$905	$1.30	45d	1	0.52mi
4100 Vista Rd Pasadena, TX	1.0–3.0	1.0–2.0	868	$1,337	$1.54	0d	10	0.53mi
4100 Vista Rd Pasadena, TX	1.0–3.0	1.0–2.0	868	$1,302	$1.50	3d	15	0.53mi
4106 Vista Rd Pasadena, TX	1.0	1.0	651	$975	$1.50	45d	1	0.53mi
3101 Spencer Hwy Unit 3122 Pasadena, TX	1.0	1.0	697	$934	$1.34	11d	1	0.54mi
3101 Spencer Hwy Unit 3158 Pasadena, TX	2.0	2.0	1050	$1,229	$1.17	11d	1	0.54mi
3101 Spencer Hwy Unit 1162 Pasadena, TX	1.0	1.0	697	$895	$1.28	6d	1	0.54mi
3101 Spencer Hwy Unit 1165 Pasadena, TX	1.0	1.0	697	$884	$1.27	0d	1	0.54mi
3101 Spencer Hwy Unit 165 Pasadena, TX	1.0	1.0	550	$859	$1.56	0d	1	0.54mi
3101 Spencer Hwy Unit 3152 Pasadena, TX	1.0	1.0	697	$925	$1.33	45d	1	0.54mi
3101 Spencer Hwy Unit 2165 Pasadena, TX	2.0	2.0	1050	$1,189	$1.13	0d	1	0.54mi
3101 Spencer Hwy Unit 3122 Pasadena, TX	1.0	1.0	697	$930	$1.33	14d	1	0.54mi
3656 Burke Rd Pasadena, TX	1.0	1.0	660	$985	$1.49	45d	1	0.54mi
3101 Spencer Hwy Unit 421 Pasadena, TX	2.0	2.0	1050	$1,205	$1.15	6d	1	0.56mi
3101 Spencer Hwy Unit 2047 Pasadena, TX	2.0	2.0	1050	$1,230	$1.17	0d	1	0.62mi
3101 Spencer Hwy Pasadena, TX	1.0	1.0	697	$884	$1.27	14d	1	0.62mi
3508 Tulip St Pasadena, TX	3.0	2.0	1100	$1,650	$1.50	45d	1	0.81mi
2730 Lafferty Rd Pasadena, TX	1.0–3.0	1.0–2.0	966	$1,228	$1.27	16d	10	0.84mi
2730 Lafferty Rd Pasadena, TX	1.0–3.0	1.0–2.0	966	$1,228	$1.27	45d	19	0.84mi
4201 Fairmont Pkwy Pasadena, TX	1.0–3.0	1.0–2.0	867	$1,305	$1.50	0d	59	0.84mi
1110 Parkside Dr Pasadena, TX	2.0	2.0	1120	$1,167	$1.04	45d	1	0.86mi
3402 Preston Ave Pasadena, TX	1.0–2.0	1.0	680	$1,328	$1.95	0d	13	0.98mi
4025 Burke Rd Unit 4099 Pasadena, TX	1.0	1.0	602	$779	$1.29	14d	1	0.99mi
4025 Burke Rd Unit 4082 Pasadena, TX	2.0	2.0	800	$1,106	$1.38	0d	1	0.99mi
4025 Burke Rd Unit 4076 Pasadena, TX	1.0	1.0	602	$733	$1.22	14d	1	0.99mi
4025 Burke Rd Unit 4058 Pasadena, TX	3.0	2.0	1104	$1,613	$1.46	0d	1	0.99mi
4025 Burke Rd Unit 4099 Pasadena, TX	1.0	1.0	602	$733	$1.22	0d	1	0.99mi
201 Vista Rd Pasadena, TX	1.0–2.0	1.0–1.5	787	$1,050	$1.33	4d	1	1.05mi

HOA detail condo

• Monthly dues: $301 · $3,612/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 11 events

1. 2026-06-13
   days on market $70,000 Pending 14 DOM
2. 2026-06-09
   days on market $70,000 Pending 11 DOM
3. 2026-06-08
   statusdays on market $70,000 Pending 10 DOM
4. 2026-06-07
   days on market $70,000 Active 9 DOM
5. 2026-06-04
   days on market $70,000 Active 6 DOM
6. 2026-06-03
   days on market $70,000 Active 5 DOM
7. 2026-06-02
   days on market $70,000 Active 4 DOM
8. 2026-06-01
   days on market $70,000 Active 3 DOM
9. 2026-05-31
   days on market $70,000 Active 2 DOM
10. 2026-05-03
    historical $75,000 313-char remark
11. 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: $1,993 · $166/mo
• Projected year-2 tax: $1,993 · $166/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) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 25 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: $13,016
• − Mortgage interest: −$3,921
• − Property taxes: −$1,993
• − Insurance: −$350
• − Repairs & maintenance: −$1,041
• − Management: −$1,041
• − HOA: −$3,612
• − Depreciation: −$2,036
• Taxable loss: −$978
• Est. tax savings @ 24.0%: +$235
• After-tax cash flow: $158/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: Pasadena ISD
• NCES district ID: 4834320
• Math proficiency: 29% ▼ -17.00%
• Reading proficiency: 32% ▼ -9.00%
• Median HH income: $45,163
• Composite: 26.15/100
• National rank: #7275
• State rank: #612 of 826 in TX

Livability — Pasadena

• Score: 66/100
• State rank: #600
• US rank: #11438

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment D+ Housing A+ Health & safety B- User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pasadena, TX
• County: Harris County · 4,702,590 people
• City population: 109,190
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 25,779
• Household income: $51,478
• Rent vs Own: 58.0% rent · 42.0% own
• Severe rent burden: 1191.0

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: Predominantly Hispanic (66%)
• Race & ethnicity: Hispanic / Latino 66% Two or more races 25% White 25% Black 6% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 46% Cuban 2%
• Common ancestry: Italian 1% Iranian 1% Lithuanian 1%
• Foreign-born: 22% · Canada, Jamaica
• Languages at home: 51% English-only · Spanish 47% Other Indo-European 1% Other Asian/Pacific 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: ▼ -86.91%
• Current HPI: 264.4782
• Rent YoY: ▲ 1.28%
• 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

+0.0% since first listed

7 events — show timeline

• 2026-06-13 Pending — HARMLS
• 2026-06-08 Pending — HARMLS
• 2026-05-29 Listed $70,000 HARMLS
• 2026-05-21 Listing Removed — HARMLS
• 2026-05-19 Price Changed $70,000 HARMLS
• 2026-05-03 Coming Soon — HARMLS
• 1988-01-02 Sold (Public Records) — Public Records

Property tax history

+6.0%/yr

Latest (2025): $1,993 · -3.7% YoY. Source: county tax records.