20111 White Dove Trl · Houston, TX 77532

$212,040

4 bd · 2.0 ba · 1,607 sqft · SingleFamily · 12 Days on market

Built 2026 Good condition Est $267k · 21% under $125/mo HOA · 5% 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 +21.5/30.0
• ARV discount +15.0/15.0
• DSCR +6.9/10.0
• 1% rule +6.4/10.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• Schools +3.5/10.0
• Rent growth +2.9/5.0
• Appreciation +0.0/10.0

Listing remarks

New Construction Lennar Houston Home - The Pinehollow Floor Plan - This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner’s suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are three secondary bedrooms along the side of the home, which are comfortable spaces for household members and overnight guests. The completion date, prices and features may vary and are subject to change. Please verify with Lennar directly. Photos are for illustrative purposes only.

Key facts

• Walk-in closet
• Open floorplan
• Secondary bedrooms

Tags

• OPEN FLOORPLAN
• OWNER'S SUITE
• EN-SUITE BATHROOM
• WALK-IN CLOSET
• SECONDARY BEDROOMS

Property features AI

Finance

• Financial info: List price $215,990

Exterior

• Parking: 2 total parking spaces; 2-car garage
• Home design: Single-family home; Model/Plan name: Pinehollow
• Exterior features: Address: 20111 White Dove Trl, Crosby, TX 77532

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Interior features: Spec new-construction home (Plan: Pinehollow); Living area about 1,607

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $212k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $319 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $212k).
• Cap rate 8.1% 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.
• Crosby ISD (rural): math 39% / reading 40% proficiency, ranked #369 of 826 in TX (top 45%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Crosby Middle (math 36% / reading 37%, grade F, #786 of 1,662 statewide, top 48%, 1,549 students, 60% FRL); Crosby H S (math 44% / reading 45%, grade F, #652 of 1,632 statewide, top 43%, 1,937 students, 54% FRL).
• Market conditions: Rents rising (+1.5%/yr); 1189 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• This rent runs 31% of the median local income ($92k/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 $1k of loan paydown is wiped out by about $6k 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 12 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $212,040

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.14% ✓
• Cap rate: 8.10%
• Cash-on-cash: 6.44%
• DSCR: 1.29
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $266,762
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
20066 White Dove Trl	0.05mi	4/2.0	1,607 (0%)	1mo	$199,990	$124	97
20035 White Dove Trl	0.11mi	4/2.0	1,607 (0%)	1mo	$265,990	$166	94
20023 White Dove Trl	0.13mi	4/2.0	1,607 (0%)	1mo	$268,990	$167	93
20015 White Dove Trl	0.15mi	4/2.0	1,607 (0%)	2mo	$265,990	$166	92
20158 Green Mallard St	0.07mi	4/2.5	1,535 (-4%)	1mo	$211,990	$138	86
20167 Green Mallard St	0.07mi	4/2.5	1,535 (-4%)	2mo	$211,990	$138	86
20031 White Dove Trl	0.12mi	3/2.0 (-1)	1,418 (-12%)	1mo	$254,990	$180	69
1714 Serenity Moon Dr	0.41mi	3/2.0 (-1)	1,539 (-4%)	1mo	$244,990	$159	68
20022 White Dove Trl	0.14mi	3/2.0 (-1)	1,409 (-12%)	2mo	$250,990	$178	67
20011 White Dove Trl	0.21mi	3/2.0 (-1)	1,409 (-12%)	1mo	$252,990	$180	64
1734 Green Warbler Ln	0.31mi	3/2.0 (-1)	1,451 (-10%)	2mo	$239,990	$165	63
1738 West Stroker Rd	0.35mi	3/2.0 (-1)	1,451 (-10%)	1mo	$224,990	$155	62

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 · 1.48% rent growth · sell at horizon

5-year hold

• IRR: -8.2%
• Equity multiple: 0.70×
• Total profit: $-17,600
• Equity at exit: $31,616

10-year hold

• IRR: -0.9%
• Equity multiple: 0.95×
• Total profit: $-3,231
• Equity at exit: $18,333

Cash invested: $59,371 (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 77532

• Home prices YoY: -28.6%
• Rents YoY: 1.5%
• Active inventory: 1189
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,416 medium
• Mortgage (P&I): −$1,112
• Tax est. 1.5%: −$265 /mo · $3,181/yr
• Insurance: −$88
• HOA: −$125
• Vacancy / Maint / Mgmt: −$507
• Net cashflow: $319

Break-even live

Break-even rent $2,013

Max offer price $212,040

Occupancy floor 82%

Sensitivity live

Price	-10% $465	-5% $392	+0% $319	+5% $245	+10% $172
Rent	-10% $128	-5% $223	+0% $319	+5% $414	+10% $509
Rate	-1.0pp $425	-0.5pp $372	base $319	+0.5pp $264	+1.0pp $208

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: $53,010
• Closing costs: $6,361
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20034 White Dove Dr Crosby, TX	3.0	2.0	1273	$1,850	$1.45	14d	1	0.14mi
20119 Iron Winds St Crosby, TX	3.0	2.0	1418	$1,875	$1.32	14d	1	0.23mi

HOA detail

• Monthly dues: $125 · $1,500/yr

Listing history 13 events

1. 2026-06-21
   pricedays on market $212,040 Active 12 DOM
2. 2026-06-18
   days on market $215,990 Active 9 DOM
3. 2026-06-17
   days on market $215,990 Active 8 DOM
4. 2026-06-16
   days on market $215,990 Active 7 DOM
5. 2026-06-15
   remarks 626-char remark
6. 2026-06-15
   days on market $215,990 Active 6 DOM
7. 2026-06-13
   days on market $215,990 Active 4 DOM
8. 2026-06-10
   remarks 587-char remark
9. 2026-06-10
   days on marketlisting id $215,990 Active 1 DOM
10. 2026-06-09
    days on market $215,990 Active 3 DOM
11. 2026-06-08
    days on market $215,990 Active 2 DOM
12. 2026-06-07
    remarks 403-char remark
13. 2026-06-07
    listed $215,990 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $28,996
• − Mortgage interest: −$11,878
• − Property taxes: −$3,181
• − Insurance: −$1,060
• − Repairs & maintenance: −$2,320
• − Management: −$2,320
• − HOA: −$1,500
• − Depreciation: −$6,168
• Taxable income: $570
• Est. tax owed @ 24.0%: −$137
• After-tax cash flow: $3,686/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.

Condition & rehab AI · 13 photos

Good 80/100 Cosmetic rehab

This single-level home features a spacious open floorplan with modern finishes and a good condition. It is ready for a new owner or tenant with minor maintenance required.

Value-add opportunities

• Resale Paint exterior — Enhances curb appeal
• Rental Clean windows — Improves natural light and air circulation

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior — Enhances curb appeal ↑
• Rental Clean windows — Improves natural light and air circulation ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Crosby ISD
• NCES district ID: 4815750
• Math proficiency: 39% ▼ -13.00%
• Reading proficiency: 40% ▼ -5.00%
• Median HH income: $61,079
• Composite: 35.14/100
• National rank: #5012
• State rank: #369 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): 33,780
• Household income: $92,201
• Rent vs Own: 13.9% rent · 86.1% own
• Severe rent burden: 382.0

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 0.60)
• Race & ethnicity: White 54% Hispanic / Latino 31% Two or more races 16% Black 9%
• Hispanic origin (detail): Mexican 24%
• Common ancestry: Lithuanian 4% Romanian 3% Italian 2%
• Foreign-born: 10% · Canada
• Languages at home: 78% English-only · Spanish 21%

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: ▼ -105.63%
• Current HPI: 264.0126
• Rent YoY: ▲ 1.48%
• 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