183 Cypress St · Houston, TX 77336

$47,800

3 bd · 2.0 ba · 1,216 sqft · Manufactured public records · 304 Days on market

Built 1996 6,298 sqft lot $39/sqft · 5% below area Est $48k · at est.

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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
• Livability +3.7/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.7/10.0

Listing remarks MLS

Renovated and elevated 3-bedroom, 2-bath home on a private lot near Lake Houston, priced for a quick cash sale. Interior updates include new kitchen cabinets with granite countertops, stainless-steel appliances, fresh interior paint, double vanity in the primary bath, and a 12K BTU mini-split system for efficient cooling. Two driveways provide ample parking for multiple vehicles, boats, or work trailers. Private well and septic mean no monthly water or sewer bills. Home has been re-leveled and raised approximately 8" for improved stability. Located on a quiet rural street with no HOA and no restrictions. A new well pump will be installed prior to closing or seller may provide credit. Property offers an affordable opportunity for investors, landlords, or buyers seeking privacy and land ownership near Lake Houston.

Key facts

• Extra parking
• Storage building
• Open living area

Tags

• PRIVATE PRIMARY SUITE
• OPEN LIVING AREA
• INTERIOR UTILITY NOOK
• EXTRA PARKING
• DECK
• STORAGE BUILDING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $48k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $48k).
• Recommended offer: $42k (12.0% below list) — sets the bar for market timing.
• Cap rate 36.3% 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.
• Huffman ISD (rural): math 32% / reading 35% proficiency, ranked #500 of 826 in TX (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 587 active listings in the ZIP; solid renter incomes; 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 $330 of loan paydown is wiped out by about $1k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 304 days — a 12% lower offer ($42k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 23y ago; this cycle's ask has dropped $12k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major flood risk; 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 $42,064 (12.0% below list)

Questions for the listing agent

1. It's been on market 304 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 3.94% ✓
• Cap rate: 36.34%
• Cash-on-cash: 107.31%
• DSCR: 5.77
• GRM: 2.1

CMA / ARV

• ARV (median comp): $47,800
• List price: $47,800
• Delta: —
• Verdict: FAIR
• Comps: 1 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
183 Cypress St	0.00mi	3/2.0	1,150 (-5%)	0mo	$47,800	$42	91

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.12×
• Total profit: $68,485
• Equity at exit: $7,127

10-year hold

• IRR: —
• Equity multiple: 12.79×
• Total profit: $157,808
• Equity at exit: $4,133

Cash invested: $13,384 (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 77336

• Home prices YoY: -1.8%
• Active inventory: 587
• Price-to-rent: 2.1×

Monthly cashflow live

• Estimated rent: $1,884 medium
• Mortgage (P&I): −$251
• Tax from tax record: −$21 /mo · $256/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$396
• Net cashflow: $1,197

Break-even live

Break-even rent $370

Max offer price $47,800

Occupancy floor 31%

Sensitivity live

Price	-10% $1,224	-5% $1,210	+0% $1,197	+5% $1,183	+10% $1,170
Rent	-10% $1,048	-5% $1,122	+0% $1,197	+5% $1,271	+10% $1,346
Rate	-1.0pp $1,221	-0.5pp $1,209	base $1,197	+0.5pp $1,184	+1.0pp $1,172

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: $11,950
• Closing costs: $1,434
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-08
   days on market $47,800 Pending 304 DOM
2. 2026-06-07
   days on market $47,800 Pending 303 DOM
3. 2026-06-04
   days on market $47,800 Pending 300 DOM
4. 2026-06-03
   days on market $47,800 Pending 299 DOM
5. 2026-06-02
   statusdays on market $47,800 Pending 298 DOM
6. 2026-06-01
   days on market $47,800 Active 297 DOM
7. 2026-05-31
   days on market $47,800 Active 296 DOM
8. 2026-05-06
   price $47,800 829-char remark

   Show marketing remark (829 chars)

   Renovated and elevated 3-bedroom, 2-bath home on a private lot near Lake Houston, priced for a quick cash sale. Interior updates include new kitchen cabinets with granite countertops, stainless-steel appliances, fresh interior paint, double vanity in the primary bath, and a 12K BTU mini-split system for efficient cooling. Two driveways provide ample parking for multiple vehicles, boats, or work trailers. Private well and septic mean no monthly water or sewer bills. Home has been re-leveled and raised approximately 8" for improved stability. Located on a quiet rural street with no HOA and no restrictions. A new well pump will be installed prior to closing or seller may provide credit. Property offers an affordable opportunity for investors, landlords, or buyers seeking privacy and land ownership near Lake Houston.

9. 2026-04-13
   price $47,900 829-char remark

   Show marketing remark (829 chars)

   Renovated and elevated 3-bedroom, 2-bath home on a private lot near Lake Houston, priced for a quick cash sale. Interior updates include new kitchen cabinets with granite countertops, stainless-steel appliances, fresh interior paint, double vanity in the primary bath, and a 12K BTU mini-split system for efficient cooling. Two driveways provide ample parking for multiple vehicles, boats, or work trailers. Private well and septic mean no monthly water or sewer bills. Home has been re-leveled and raised approximately 8" for improved stability. Located on a quiet rural street with no HOA and no restrictions. A new well pump will be installed prior to closing or seller may provide credit. Property offers an affordable opportunity for investors, landlords, or buyers seeking privacy and land ownership near Lake Houston.

10. 2026-04-07
    status Active 829-char remark

    Show marketing remark (829 chars)

    Renovated and elevated 3-bedroom, 2-bath home on a private lot near Lake Houston, priced for a quick cash sale. Interior updates include new kitchen cabinets with granite countertops, stainless-steel appliances, fresh interior paint, double vanity in the primary bath, and a 12K BTU mini-split system for efficient cooling. Two driveways provide ample parking for multiple vehicles, boats, or work trailers. Private well and septic mean no monthly water or sewer bills. Home has been re-leveled and raised approximately 8" for improved stability. Located on a quiet rural street with no HOA and no restrictions. A new well pump will be installed prior to closing or seller may provide credit. Property offers an affordable opportunity for investors, landlords, or buyers seeking privacy and land ownership near Lake Houston.

11. 2026-03-20
    status Pending 829-char remark

    Show marketing remark (829 chars)

    Renovated and elevated 3-bedroom, 2-bath home on a private lot near Lake Houston, priced for a quick cash sale. Interior updates include new kitchen cabinets with granite countertops, stainless-steel appliances, fresh interior paint, double vanity in the primary bath, and a 12K BTU mini-split system for efficient cooling. Two driveways provide ample parking for multiple vehicles, boats, or work trailers. Private well and septic mean no monthly water or sewer bills. Home has been re-leveled and raised approximately 8" for improved stability. Located on a quiet rural street with no HOA and no restrictions. A new well pump will be installed prior to closing or seller may provide credit. Property offers an affordable opportunity for investors, landlords, or buyers seeking privacy and land ownership near Lake Houston.

12. 2026-03-06
    price $49,900 829-char remark

    Show marketing remark (829 chars)

    Renovated and elevated 3-bedroom, 2-bath home on a private lot near Lake Houston, priced for a quick cash sale. Interior updates include new kitchen cabinets with granite countertops, stainless-steel appliances, fresh interior paint, double vanity in the primary bath, and a 12K BTU mini-split system for efficient cooling. Two driveways provide ample parking for multiple vehicles, boats, or work trailers. Private well and septic mean no monthly water or sewer bills. Home has been re-leveled and raised approximately 8" for improved stability. Located on a quiet rural street with no HOA and no restrictions. A new well pump will be installed prior to closing or seller may provide credit. Property offers an affordable opportunity for investors, landlords, or buyers seeking privacy and land ownership near Lake Houston.

13. 2026-02-07
    price $54,900 829-char remark

    Show marketing remark (829 chars)

    Renovated and elevated 3-bedroom, 2-bath home on a private lot near Lake Houston, priced for a quick cash sale. Interior updates include new kitchen cabinets with granite countertops, stainless-steel appliances, fresh interior paint, double vanity in the primary bath, and a 12K BTU mini-split system for efficient cooling. Two driveways provide ample parking for multiple vehicles, boats, or work trailers. Private well and septic mean no monthly water or sewer bills. Home has been re-leveled and raised approximately 8" for improved stability. Located on a quiet rural street with no HOA and no restrictions. A new well pump will be installed prior to closing or seller may provide credit. Property offers an affordable opportunity for investors, landlords, or buyers seeking privacy and land ownership near Lake Houston.

14. 2026-01-21
    status Active 829-char remark

    Show marketing remark (829 chars)

    Renovated and elevated 3-bedroom, 2-bath home on a private lot near Lake Houston, priced for a quick cash sale. Interior updates include new kitchen cabinets with granite countertops, stainless-steel appliances, fresh interior paint, double vanity in the primary bath, and a 12K BTU mini-split system for efficient cooling. Two driveways provide ample parking for multiple vehicles, boats, or work trailers. Private well and septic mean no monthly water or sewer bills. Home has been re-leveled and raised approximately 8" for improved stability. Located on a quiet rural street with no HOA and no restrictions. A new well pump will be installed prior to closing or seller may provide credit. Property offers an affordable opportunity for investors, landlords, or buyers seeking privacy and land ownership near Lake Houston.

15. 2026-01-11
    historical 829-char remark

    Show marketing remark (829 chars)

    Renovated and elevated 3-bedroom, 2-bath home on a private lot near Lake Houston, priced for a quick cash sale. Interior updates include new kitchen cabinets with granite countertops, stainless-steel appliances, fresh interior paint, double vanity in the primary bath, and a 12K BTU mini-split system for efficient cooling. Two driveways provide ample parking for multiple vehicles, boats, or work trailers. Private well and septic mean no monthly water or sewer bills. Home has been re-leveled and raised approximately 8" for improved stability. Located on a quiet rural street with no HOA and no restrictions. A new well pump will be installed prior to closing or seller may provide credit. Property offers an affordable opportunity for investors, landlords, or buyers seeking privacy and land ownership near Lake Houston.

16. 2025-12-05
    price $57,900 829-char remark

    Show marketing remark (829 chars)

    Renovated and elevated 3-bedroom, 2-bath home on a private lot near Lake Houston, priced for a quick cash sale. Interior updates include new kitchen cabinets with granite countertops, stainless-steel appliances, fresh interior paint, double vanity in the primary bath, and a 12K BTU mini-split system for efficient cooling. Two driveways provide ample parking for multiple vehicles, boats, or work trailers. Private well and septic mean no monthly water or sewer bills. Home has been re-leveled and raised approximately 8" for improved stability. Located on a quiet rural street with no HOA and no restrictions. A new well pump will be installed prior to closing or seller may provide credit. Property offers an affordable opportunity for investors, landlords, or buyers seeking privacy and land ownership near Lake Houston.

17. 2025-11-07
    price $59,900 829-char remark

    Show marketing remark (829 chars)

    Renovated and elevated 3-bedroom, 2-bath home on a private lot near Lake Houston, priced for a quick cash sale. Interior updates include new kitchen cabinets with granite countertops, stainless-steel appliances, fresh interior paint, double vanity in the primary bath, and a 12K BTU mini-split system for efficient cooling. Two driveways provide ample parking for multiple vehicles, boats, or work trailers. Private well and septic mean no monthly water or sewer bills. Home has been re-leveled and raised approximately 8" for improved stability. Located on a quiet rural street with no HOA and no restrictions. A new well pump will be installed prior to closing or seller may provide credit. Property offers an affordable opportunity for investors, landlords, or buyers seeking privacy and land ownership near Lake Houston.

18. 2025-09-03
    price $74,900 829-char remark

    Show marketing remark (829 chars)

    Renovated and elevated 3-bedroom, 2-bath home on a private lot near Lake Houston, priced for a quick cash sale. Interior updates include new kitchen cabinets with granite countertops, stainless-steel appliances, fresh interior paint, double vanity in the primary bath, and a 12K BTU mini-split system for efficient cooling. Two driveways provide ample parking for multiple vehicles, boats, or work trailers. Private well and septic mean no monthly water or sewer bills. Home has been re-leveled and raised approximately 8" for improved stability. Located on a quiet rural street with no HOA and no restrictions. A new well pump will be installed prior to closing or seller may provide credit. Property offers an affordable opportunity for investors, landlords, or buyers seeking privacy and land ownership near Lake Houston.

19. 2025-07-11
    listed $59,900 Active 829-char remark

    Show marketing remark (829 chars)

    Renovated and elevated 3-bedroom, 2-bath home on a private lot near Lake Houston, priced for a quick cash sale. Interior updates include new kitchen cabinets with granite countertops, stainless-steel appliances, fresh interior paint, double vanity in the primary bath, and a 12K BTU mini-split system for efficient cooling. Two driveways provide ample parking for multiple vehicles, boats, or work trailers. Private well and septic mean no monthly water or sewer bills. Home has been re-leveled and raised approximately 8" for improved stability. Located on a quiet rural street with no HOA and no restrictions. A new well pump will be installed prior to closing or seller may provide credit. Property offers an affordable opportunity for investors, landlords, or buyers seeking privacy and land ownership near Lake Houston.

20. 2004-07-05
    historical
21. 2004-01-05
    listed $37,500
22. 2003-12-20
    historical
23. 2003-06-20
    listed $37,900

ⓘ 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: $256 · $21/mo
• Projected year-2 tax: $875 · $73/mo
• Expected delta: +$619/yr (+$52/mo · 241.5%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 73% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥111°F today · 24 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,614
• − Mortgage interest: −$2,678
• − Property taxes: −$256
• − Insurance: −$239
• − Repairs & maintenance: −$1,809
• − Management: −$1,809
• − Depreciation: −$1,391
• Taxable income: $14,432
• Est. tax owed @ 24.0%: −$3,464
• After-tax cash flow: $10,898/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: Huffman ISD
• NCES district ID: 4823820
• Math proficiency: 32% ▼ -9.00%
• Reading proficiency: 35% ▼ -9.00%
• Median HH income: $65,848
• Composite: 30.61/100
• National rank: #6195
• State rank: #500 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

• County: Harris County · 4,702,590 people
• City population: 3,226,434
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 14,342
• Household income: $96,404
• Rent vs Own: 21.8% rent · 78.2% own
• Severe rent burden: 377.0

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: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 23% Two or more races 9% Black 5% Native American 4%
• Hispanic origin (detail): Mexican 20%
• Common ancestry: Lithuanian 4% Slovak 2% Romanian 2%
• Foreign-born: 9% · Canada
• Languages at home: 79% English-only · Spanish 18% Other Indo-European 2%

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: ▼ -8.59%
• Current HPI: 472.03
• 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

+26.1% since first listed

16 events — show timeline

• 2026-05-06 Price Changed $47,800 HARMLS
• 2026-04-13 Price Changed $47,900 HARMLS
• 2026-04-07 Relisted — HARMLS
• 2026-03-20 Pending — HARMLS
• 2026-03-06 Price Changed $49,900 HARMLS
• 2026-02-07 Price Changed $54,900 HARMLS
• 2026-01-21 Relisted — HARMLS
• 2026-01-11 Listing Removed — HARMLS
• 2025-12-05 Price Changed $57,900 HARMLS
• 2025-11-07 Price Changed $59,900 HARMLS
• 2025-09-03 Price Changed $74,900 HARMLS
• 2025-07-11 Listed $59,900 HARMLS
• 2004-07-05 Listing Removed — HARMLS
• 2004-01-05 Listed $37,500 HARMLS
• 2003-12-20 Listing Removed — HARMLS
• 2003-06-20 Listed $37,900 HARMLS

Property tax history

-0.3%/yr

Latest (2025): $256 · -3.9% YoY. Source: county tax records.