6975 Chasewood Dr · Houston, TX 77489

$120,000

2 bd · 2.0 ba · 1,292 sqft · Townhouse public records · 6 Days on market

Built 1974 1,602 sqft lot $93/sqft · 19% above area Est $101k · 19% over $228/mo HOA · 14% 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).

• Cash flow +22.1/30.0
• 1% rule +8.8/10.0
• DSCR +7.1/10.0
• Appreciation +4.7/10.0
• Schools +4.5/10.0
• Livability +3.7/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

Ready to move in is this 2 bedroom with 2 full and 1 half townhome. Freshly painted and has all the needed appliances to make it easy for you to move in without additional cost. Appliances include stainless steel electric stove, microwave, dishwasher and refrigerator. You will also have a washer and electric dryer. Both bedrooms and 2 full baths are located upstairs with a half bath located on the first floor. There is a balcony in the front bedroom and updated shower in the back bedroom. The townhome has plenty of storage and parking at rear for two vehicles. Call today for a private viewing of the property.

Key facts

• Stylish wall sconces
• Cozy carpet flooring
• Ample cabinet space

Tags

• DURABLE TILE FLOORING
• CLASSIC FORMICA COUNTERTOPS
• AMPLE CABINET SPACE
• COZY CARPET FLOORING
• NEWLY ADDED ELECTRICAL OUTLETS
• STYLISH WALL SCONCES

Property features AI

Finance

• Other: Seller disclosure available
• HOA & community: HOA managed by Goodlife HOA Management LLC; Monthly association fee of $228; HOA covers common areas, insurance, and recreation facilities; Community pool

Exterior

• Utilities: Public water; Public sewer
• Home design: Residential property; 2-story home; Built in 1974; Slab foundation
• Construction: Brick and cement siding construction
• Exterior features: Composition roof; Lot approximately 1,602 square feet

Interior

• Kitchen: Kitchen
• Bedrooms: Bedroom (second floor) — 12x11; Primary bedroom (second floor) — 14x12
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central electric heating; Central air conditioning (electric)
• Interior features: Five total rooms; Living room (first floor) — 16x12; Dining room (first floor) — 8x8; Kitchen (first floor) — 6x8

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath townhouse listed at $120k.

Deal economics

• At list price, monthly cash flow is $193 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Cap rate 8.2% 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: crime F.
• Fort Bend ISD (suburban): math 44% / reading 53% proficiency, ranked #140 of 826 in TX (top 17%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Christa Mcauliffe Middle (math 9% / reading 20%, grade F, #1,583 of 1,662 statewide, top 96%, 835 students, 94% FRL); Willowridge H S (math 12% / reading 29%, grade F, #1,389 of 1,632 statewide, top 86%, 1,319 students, 87% FRL) — zoned schools average 91% FRL vs 35% district-wide (56 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 18% at this address vs 48% district-wide (-31 pts) — the specific schools serving this property underperform the Fort Bend ISD average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 188 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 12,093 units permitted in Fort Bend County in 2024 (815 in 5+ unit buildings).

Forward outlook

• In year one you build about $169 of equity ($830 loan paydown + $-661 appreciation (-0.6% local appreciation)).
• Fort Bend County population projected at +75% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $120,000

Questions for the listing agent

1. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 1.38% ✓
• Cap rate: 8.22%
• Cash-on-cash: 6.88%
• DSCR: 1.31
• GRM: 6.1

CMA / ARV

• ARV (median comp): $100,560
• List price: $120,000
• Delta: 19.33%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7109 Chasewood Dr	0.05mi	2/2.5	1,292 (0%)	12mo	$137,000	$106	86
6975 Chasewood Dr	0.00mi	2/2.5	1,292 (0%)	19mo	$109,900	$85	82
7093 Chasewood Dr	0.07mi	2/1.5	1,156 (-10%)	3mo	$90,000	$78	75
7351 Chasewood Dr	0.15mi	2/2.5	1,292 (0%)	24mo	$132,000	$102	71
6947 Chasewood Dr	0.04mi	3/2.0 (+1)	1,460 (+13%)	4mo	$119,000	$82	69
6933 Chasewood Dr	0.06mi	2/2.0	1,164 (-10%)	16mo	$115,000	$99	67
7267 Chasewood Dr	0.18mi	3/2.0 (+1)	1,316 (+2%)	23mo	$138,000	$105	65
7331 Chasewood Dr	0.20mi	2/1.5	1,156 (-10%)	9mo	$83,000	$72	64
6827 Chasewood Dr	0.19mi	3/2.0 (+1)	1,136 (-12%)	12mo	$115,000	$101	56
14922 Trinity Meadow Dr	0.75mi	2/2.0	1,270 (-2%)	10mo	$200,000	$157	54
6825 Chasewood Dr	0.20mi	3/2.0 (+1)	1,460 (+13%)	17mo	$115,000	$79	50

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

Projected returns pro-forma

-0.55% appreciation · 0.34% rent growth · sell at horizon

5-year hold

• IRR: 1.1%
• Equity multiple: 1.05×
• Total profit: $1,581
• Equity at exit: $31,574

10-year hold

• IRR: 4.4%
• Equity multiple: 1.40×
• Total profit: $13,595
• Equity at exit: $35,433

Cash invested: $33,600 (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 77489

• Home prices YoY: -0.2%
• Rents YoY: 0.3%
• Active inventory: 188
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,651 high
• Mortgage (P&I): −$629
• Tax from tax record: −$204 /mo · $2,448/yr
• Insurance: −$50
• HOA: −$228
• Vacancy / Maint / Mgmt: −$347
• Net cashflow: $193

Break-even live

Break-even rent $1,407

Max offer price $120,000

Occupancy floor 83%

Sensitivity live

Price	-10% $261	-5% $227	+0% $193	+5% $159	+10% $125
Rent	-10% $62	-5% $127	+0% $193	+5% $258	+10% $323
Rate	-1.0pp $253	-0.5pp $223	base $193	+0.5pp $162	+1.0pp $130

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15703 Baybriar Dr Missouri City, TX	3.0	2.0	1252	$1,615	$1.29	21d	1	0.54mi
15823 Baybriar Dr Missouri City, TX	3.0	2.0	1335	$1,641	$1.23	6d	1	0.70mi
6610 Rowell Ct Missouri City, TX	3.0	2.0	1753	$1,996	$1.14	0d	1	0.71mi
6406 Summer Ridge Dr Missouri City, TX	3.0	2.0	1624	$1,958	$1.21	4d	1	0.96mi
13960 Hillcroft St Unit 13981 Houston, TX	1.0	1.0	1017	$1,340	$1.32	45d	1	1.04mi
13960 Hillcroft St Unit 1174 Houston, TX	1.0	1.0	1017	$1,350	$1.33	12d	1	1.04mi
13960 Hillcroft St Unit 425 Houston, TX	2.0	2.0	1332	$1,540	$1.16	9d	1	1.04mi
13960 Hillcroft St Unit 2174 Houston, TX	2.0	2.0	1332	$1,524	$1.14	0d	1	1.04mi
13960 Hillcroft St Unit 13975 Houston, TX	1.0	1.0	1017	$1,345	$1.32	15d	1	1.04mi
13960 Hillcroft St Unit 14017 Houston, TX	2.0	2.0	1332	$1,540	$1.16	17d	1	1.04mi
13960 Hillcroft St Unit 13975 Houston, TX	1.0	1.0	1017	$1,299	$1.28	0d	1	1.04mi
13960 Hillcroft St Unit 321 Houston, TX	1.0	1.0	1017	$1,310	$1.29	9d	1	1.04mi
13939 Hillcroft Ave Unit 13972 Houston, TX	3.0	2.0	1404	$2,164	$1.54	22d	1	1.23mi
13939 Hillcroft Ave Unit 13976 Houston, TX	2.0	2.0	1089	$1,703	$1.56	22d	1	1.23mi
13939 Hillcroft Ave Houston, TX	1.0–3.0	1.0–2.0	985	$1,778	$1.80	4d	22	1.23mi
16211 Corsair Rd Houston, TX	3.0	2.0	1139	$1,813	$1.59	25d	1	1.32mi
16310 Setter Ct Missouri City, TX	3.0	2.0	1672	$1,700	$1.02	45d	1	1.36mi
16432 Chimney Rock Rd Unit 3112 Houston, TX	3.0	2.0	1349	$1,473	$1.09	0d	1	1.47mi
16432 Chimney Rock Rd Unit 16465 Houston, TX	3.0	2.0	1349	$1,524	$1.13	45d	1	1.47mi
16432 Chimney Rock Rd Unit 2112 Houston, TX	2.0	2.0	1026	$1,276	$1.24	0d	1	1.47mi
16432 Chimney Rock Rd Unit 2174 Houston, TX	2.0	2.0	1026	$1,327	$1.29	11d	1	1.47mi
16432 Chimney Rock Rd Unit 16489 Houston, TX	2.0	2.0	1026	$1,317	$1.28	45d	1	1.47mi
16432 Chimney Rock Rd Unit 3174 Houston, TX	3.0	2.0	1349	$1,513	$1.12	11d	1	1.47mi
16432 Chimney Rock Rd Apt 424 Houston, TX	2.0	2.0	1026	$1,292	$1.26	6d	1	1.47mi
1215 New Tree Ln Missouri City, TX	3.0	2.0	1323	$1,725	$1.30	14d	1	1.48mi

HOA detail

• Monthly dues: $228 · $2,736/yr
• Likely covers: electric

Listing history 18 events

1. 2026-06-21
   days on market $120,000 Active 6 DOM
2. 2026-06-18
   days on market $120,000 Active 3 DOM
3. 2026-06-17
   days on market $120,000 Active 2 DOM
4. 2026-06-15
   pricedays on marketlisting id $120,000 Active 1 DOM
5. 2026-06-09
   days on market $119,999 Active 69 DOM
6. 2026-06-07
   days on market $119,999 Active 67 DOM
7. 2026-06-04
   days on market $119,999 Active 64 DOM
8. 2026-06-03
   days on market $119,999 Active 63 DOM
9. 2026-06-02
   days on market $119,999 Active 62 DOM
10. 2026-06-01
    days on market $119,999 Active 61 DOM
11. 2026-05-31
    days on market $119,999 Active 60 DOM
12. 2026-04-10
    listed $1,400
13. 2026-04-01
    listed $119,999 Active 770-char remark
14. 2024-11-25
    soldstatus
15. 2024-11-22
    soldstatus Sold 616-char remark

    Show marketing remark (616 chars)

    Ready to move in is this 2 bedroom with 2 full and 1 half townhome. Freshly painted and has all the needed appliances to make it easy for you to move in without additional cost. Appliances include stainless steel electric stove, microwave, dishwasher and refrigerator. You will also have a washer and electric dryer. Both bedrooms and 2 full baths are located upstairs with a half bath located on the first floor. There is a balcony in the front bedroom and updated shower in the back bedroom. The townhome has plenty of storage and parking at rear for two vehicles. Call today for a private viewing of the property.

16. 2024-10-31
    status Pending 616-char remark

    Show marketing remark (616 chars)

    Ready to move in is this 2 bedroom with 2 full and 1 half townhome. Freshly painted and has all the needed appliances to make it easy for you to move in without additional cost. Appliances include stainless steel electric stove, microwave, dishwasher and refrigerator. You will also have a washer and electric dryer. Both bedrooms and 2 full baths are located upstairs with a half bath located on the first floor. There is a balcony in the front bedroom and updated shower in the back bedroom. The townhome has plenty of storage and parking at rear for two vehicles. Call today for a private viewing of the property.

17. 2024-10-28
    status Option Pending 616-char remark

    Show marketing remark (616 chars)

    Ready to move in is this 2 bedroom with 2 full and 1 half townhome. Freshly painted and has all the needed appliances to make it easy for you to move in without additional cost. Appliances include stainless steel electric stove, microwave, dishwasher and refrigerator. You will also have a washer and electric dryer. Both bedrooms and 2 full baths are located upstairs with a half bath located on the first floor. There is a balcony in the front bedroom and updated shower in the back bedroom. The townhome has plenty of storage and parking at rear for two vehicles. Call today for a private viewing of the property.

18. 2024-10-11
    listed $109,900 Active 616-char remark

    Show marketing remark (616 chars)

    Ready to move in is this 2 bedroom with 2 full and 1 half townhome. Freshly painted and has all the needed appliances to make it easy for you to move in without additional cost. Appliances include stainless steel electric stove, microwave, dishwasher and refrigerator. You will also have a washer and electric dryer. Both bedrooms and 2 full baths are located upstairs with a half bath located on the first floor. There is a balcony in the front bedroom and updated shower in the back bedroom. The townhome has plenty of storage and parking at rear for two vehicles. Call today for a private viewing of the property.

ⓘ 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: $2,448 · $204/mo
• Projected year-2 tax: $2,448 · $204/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥110°F today · 23 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: $19,807
• − Mortgage interest: −$6,722
• − Property taxes: −$2,448
• − Insurance: −$600
• − Repairs & maintenance: −$1,585
• − Management: −$1,585
• − HOA: −$2,736
• − Depreciation: −$3,491
• Taxable income: $641
• Est. tax owed @ 24.0%: −$154
• After-tax cash flow: $2,158/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: Fort Bend ISD
• NCES district ID: 4819650
• Math proficiency: 44% ▼ -15.00%
• Reading proficiency: 53% ▼ -4.00%
• Median HH income: $82,360
• Composite: 44.61/100
• National rank: #2779
• State rank: #140 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: Fort Bend County · 836,777 people
• City population: 3,226,434
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 39,292
• Household income: $74,689
• Rent vs Own: 22.9% rent · 77.1% own
• Severe rent burden: 1121.0

Population outlook (Fort Bend County) Hauer SSP2

• Today (2025): 1,004,526 people
• By 2030: 1,153,104 · +14.8%
• By 2040: 1,453,718 · +44.7%
• By 2050: 1,753,781 · +74.6%
• By 2075: 2,455,772 · +144.5%
• By 2100: 2,930,528 · +191.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (60%)
• Race & ethnicity: Black 60% Hispanic / Latino 29% Two or more races 13% White 4% Asian 3%
• Hispanic origin (detail): Mexican 17%
• Foreign-born: 16% · Canada, Vietnam
• Languages at home: 73% English-only · Spanish 22% Vietnamese 1% Other Asian/Pacific 1%

Political lean MEDSL · Fort Bend

• 2024 margin: Toss-up / Even · D 49.5% · R 47.9% · Other 2.6%
• 2008→2024 swing: +4.0pp toward D · 2008: -2.4pp · 2024: 1.6pp
• All cycles: 2024: D+1.6 2020: D+10.6 2016: D+6.6 2012: R+6.8 2008: R+2.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.55%
• Current HPI: 288.1306
• Rent YoY: ▲ 0.34%
• 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

+9.2% since first listed

10 events — show timeline

• 2026-06-15 Listed $120,000 HARMLS
• 2026-06-09 Listing Removed — HARMLS
• 2026-05-21 Rental Removed $1,400 HARMLS
• 2026-04-10 Listed for Rent $1,400 HARMLS
• 2026-04-01 Listed $119,999 HARMLS
• 2024-11-25 Sold (Public Records) — Public Records
• 2024-11-22 Sold (MLS) — HARMLS
• 2024-10-31 Pending — HARMLS
• 2024-10-28 Pending — HARMLS
• 2024-10-11 Listed $109,900 HARMLS

Property tax history

+6.8%/yr

Latest (2025): $2,448 · +22.2% YoY. Source: county tax records.