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303 Gans St Duplex
A Composite 86.87
Why this score? — see what drove the A 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
  • ARV discount +15.0/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Appreciation +10.0/10.0
  • Livability +3.7/5.0
  • Schools +3.4/10.0
  • Rent growth +2.5/5.0
  • Condition / age +2.2/5.0

$210,000

303 Gans St · Houston, TX 77029
4 bd · 1.5 ba · 1,921 sqft · MultiFamily public records · 118 Days on market
Built 1998 Fair condition 5,000 sqft lot $109/sqft · 45% below area Est $385k · 45% under ↓ 20% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

303 Gans St A & B offers a fully updated duplex with two units, each featuring 3 bedrooms and 1 bathroom. The property underwent a comprehensive renovation in 2019, including updates to the plumbing, electrical system, HVAC, roof, windows, siding, and interior finishes, creating a low-maintenance opportunity for years to come. A buyer can choose to live in one unit and lease the other, accommodate extended family, or rent out both sides as a strong income-producing investment. One of the units is currently tenant-occupied, offering immediate rental income and built-in stability for an investor.

Key facts

  • 5,000 sq ft lot
  • Built 1998
  • Listed 117 days

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2 × 3-bed/1.0-bath units multifamily listed at $210k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $1k ($14k/yr) — positive. Per door: $586/mo.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($4k rent vs $210k).
  • Recommended offer: $191k (9.0% below list) — sets the bar for market timing.
  • Cap rate 13.0% vs local median 3.1% 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.
  • Galena Park ISD (suburban): math 32% / reading 33% proficiency, ranked #578 of 826 in TX (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Zoned schools: Macarthur El (math 40% / reading 33%, grade F, #1,883 of 4,322 statewide, top 44%, 614 students, 89% FRL); Galena Park Middle (math 28% / reading 31%, grade F, #1,077 of 1,662 statewide, top 66%, 943 students, 88% FRL); Galena Park H S (math 37% / reading 36%, grade F, #924 of 1,632 statewide, top 57%, 1,914 students, 87% FRL).
  • Market conditions: 181 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals lingering (median 55d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% of comp listings sitting > 30 days — soft ceiling on asking rent; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).

Forward outlook

  • In year one you build about $22k of equity ($1k loan paydown + $21k appreciation (10.0% local appreciation)).
  • Harris County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (10.0% appreciation + 3.0% rent growth), your $59k cash investment doubles in ~2 years — after that, you're playing with house money.
  • By year 2, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 118 days — a 9% lower offer ($191k) is reasonable based on typical stale-listing flexibility.
  • 3 sale attempts since 4y ago; this cycle's ask has dropped $40k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: property tax is 2.8% of price.
  • Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $191,100 (9.0% below list)

Questions for the listing agent

  1. It's been on market 118 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
  3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
  4. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  5. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
  6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  8. 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?
  9. 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?
  10. 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.
  11. 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.
  12. 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
1.71%
Cap rate
12.99%
Cash-on-cash
23.91%
DSCR
2.06
GRM
4.9

CMA / ARV

ARV (median comp)
$384,611
List price
$210,000
Delta
-45.40%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 5 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
408 Armstrong St Unit A B 0.12mi 3/2.0 (-1) 2,014 (+5%) 20mo $400,000 $199 63
408 Armstrong St Unit C D 0.12mi 3/2.0 (-1) 2,014 (+5%) 21mo $400,000 $199 62
9804 Pelsey St Unit A-B 0.74mi 3/2.0 (-1) 2,014 (+5%) 9mo $375,000 $186 43
9806 Pelsey St Unit A-B 0.74mi 3/2.0 (-1) 2,014 (+5%) 12mo $375,000 $186 41
201 Owens St 0.38mi 4/1.0 1,668 (-13%) 22mo $338,000 $203 40

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold
IRR
42.3%
Equity multiple
4.22×
Total profit
$189,186
Equity at exit
$189,185
10-year hold
IRR
36.5%
Equity multiple
9.48×
Total profit
$498,816
Equity at exit
$407,984

Cash invested: $58,800 (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.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
2 active
Months of supply
3.0 mo (33%/mo absorbed)
Median asking
$285,000 ($142/sqft)
Median days on market
369 d
This list price
lowest-priced of the active set
ARV vs active asking
+40.8% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 77029

Home prices YoY
7.2%
Active inventory
181
Price-to-rent
9.7×

Monthly cashflow live

Estimated rent
$3,600 high interval (Pro) →
Mortgage (P&I)
$1,101
Tax from tax record
$484 /mo · $5,803/yr
Insurance
$88
HOA
$0
Vacancy / Maint / Mgmt
$756
Net cashflow
$1,172

2-unit breakdown (identical units grouped — click to expand)

UnitsBedsBathsEst. rent
Total (2 units) $3,600

Break-even live

Break-even rent $2,117
Max offer price $210,000
Occupancy floor 62%

Sensitivity live

Price -10% $1,291 -5% $1,231 +0% $1,172 +5% $1,112 +10% $1,053
Rent -10% $887 -5% $1,029 +0% $1,172 +5% $1,314 +10% $1,456
Rate -1.0pp $1,277 -0.5pp $1,225 base $1,172 +0.5pp $1,117 +1.0pp $1,062

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
$52,500
Closing costs
$6,300
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
303 Gans St Unit B Houston, TX 3.0 1.0 $1,250 54d 1 0.03mi
418 Clinton Park St Unit 1-4 Houston, TX 3.0 2.0 $1,800 3d 1 0.04mi
309 Gans St Unit B Houston, TX 3.0 2.0 $1,700 7d 1 0.04mi
422 Clinton Park St Unit 1-4 Houston, TX 3.0 2.0 $1,800 3d 1 0.05mi
306 Armstrong St Houston, TX 4.0 1.0 $1,500 93d 1 0.05mi
310 Connecticut St Unit A Houston, TX 3.0 2.0 $1,685 43d 1 0.06mi
110 Gans St Houston, TX 3.0 1.5 $1,450 93d 1 0.09mi
403 Armstrong St Houston, TX 3.0 2.0 909 $1,225 $1.35 2d 1 0.14mi
408 Armstrong St Unit B Houston, TX 3.0 2.0 $1,500 4d 1 0.14mi
335 Delaware St Houston, TX 2.0 1.0 784 $940 $1.20 62d 1 0.19mi
335 Delaware St Houston, TX 2.0 1.0 $940 70d 1 0.19mi
423 Armstrong St Houston, TX 3.0 2.0 1090 $1,365 $1.25 16d 1 0.19mi
705 Fidelity St Houston, TX 2.0 1.0 860 $890 $1.03 13d 1 0.20mi
205 Bolden St Unit A Houston, TX 3.0 2.0 $1,900 73d 1 0.21mi
205 Bolden St Unit A Houston, TX 3.0 2.0 1200 $2,500 $2.08 93d 1 0.21mi
422 New Hampshire St Unit A Houston, TX 3.0 2.0 $1,750 33d 1 0.26mi
422 New Hampshire St Unit B Houston, TX 3.0 2.0 $1,650 93d 1 0.26mi
229 De Haven St Unit B Houston, TX 3.0 2.0 980 $1,225 $1.25 2d 1 0.26mi
319 N Carolina St Unit A Houston, TX 3.0 2.0 $1,350 1d 1 0.31mi
253 N Carolina St Houston, TX 4.0 2.0 1560 $1,600 $1.03 57d 1 0.31mi
429 N Carolina St Houston, TX 3.0 2.0 $1,480 73d 1 0.35mi
339 Owens St Unit A Houston, TX 2.0 2.0 $1,345 51d 1 0.37mi
339 Owens St Unit A Houston, TX 2.0 2.0 $1,345 93d 1 0.37mi
339 Owens St Unit B Houston, TX 2.0 2.0 $1,345 18d 1 0.37mi
217 Owens St Houston, TX 3.0 1.0 $1,399 43d 1 0.38mi
217 Owens St Houston, TX 3.0 1.5 1589 $1,399 $0.88 17d 1 0.38mi
301 Cartersville St Unit B Houston, TX 3.0 2.0 $1,650 93d 1 0.40mi
328 Clearwater St Unit A Houston, TX 3.0 2.0 $1,690 93d 1 0.43mi
326 Clearwater St Houston, TX 3.0 2.0 $1,700 16d 1 0.43mi
1026 Clinton Park St Unit B Houston, TX 3.0 2.0 $1,600 51d 1 0.44mi
405 Clearwater St Unit A Houston, TX 3.0 2.0 $1,500 43d 1 0.47mi
405 Clearwater St Unit B Houston, TX 3.0 2.0 $1,600 93d 1 0.47mi
415 Clearwater St Unit A Houston, TX 3.0 2.0 $1,800 93d 1 0.47mi
142 Calloway St Unit A Houston, TX 3.0 2.0 $1,715 93d 1 0.48mi
407 Calloway St Houston, TX 3.0 2.0 $1,600 71d 1 0.51mi
1005 Defender St Houston, TX 3.0 2.0 $1,400 93d 1 0.53mi
320 Tennessee St Unit B Houston, TX 3.0 2.0 $2,100 4d 1 0.57mi
2222 8th St Galena Park, TX 3.0 2.0 $1,700 70d 1 0.57mi
2218 2nd St Galena Park, TX 3.0 2.0 $1,700 11d 1 0.58mi
2216 3rd St Galena Park, TX 3.0 2.0 1500 $1,400 $0.93 93d 1 0.59mi

Property features AI

Exterior

Utilities
Electricity availableWater available
Home design
Residential income propertyBuilt in 1998
Construction
Cement sidingComposition roofBuilt in 1998
Exterior features
Near public transitOther lot features

Interior

Kitchen
Quartz counters (kitchen)
Bedrooms
Unit with 3 bedrooms
Flooring
Carpet
Bathrooms
1 full bathroom
Heating & cooling
Central heating (electric)Central air (electric)
Interior features
Quartz counters
Laundry & utility
Washer hookupDryer hookup

Listing history 50 events

  1. 2026-08-08
    days on market $210,000 Active 118 DOM
  2. 2026-08-06
    days on market $210,000 Active 116 DOM
  3. 2026-08-05
    days on market $210,000 Active 115 DOM
  4. 2026-08-04
    days on market $210,000 Active 114 DOM
  5. 2026-08-03
    days on market $210,000 Active 113 DOM
  6. 2026-07-31
    days on market $210,000 Active 110 DOM
  7. 2026-07-30
    days on market $210,000 Active 108 DOM
  8. 2026-07-28
    days on market $210,000 Active 107 DOM
  9. 2026-07-26
    days on market $210,000 Active 105 DOM
  10. 2026-07-24
    days on market $210,000 Active 103 DOM
  11. 2026-07-23
    days on market $210,000 Active 102 DOM
  12. 2026-07-22
    price $210,000 Active 101 DOM
  13. 2026-07-22
    days on market $215,000 Active 101 DOM
  14. 2026-07-21
    days on market $215,000 Active 100 DOM
  15. 2026-07-20
    days on market $215,000 Active 99 DOM
  16. 2026-07-18
    days on market $215,000 Active 97 DOM
  17. 2026-07-18
    days on market $215,000 Active 96 DOM
  18. 2026-07-16
    days on market $215,000 Active 95 DOM
  19. 2026-07-15
    days on market $215,000 Active 94 DOM
  20. 2026-07-14
    days on market $215,000 Active 93 DOM
  21. 2026-07-13
    days on market $215,000 Active 92 DOM
  22. 2026-07-13
    days on market $215,000 Active 91 DOM
  23. 2026-07-11
    days on market $215,000 Active 90 DOM
  24. 2026-07-10
    days on market $215,000 Active 89 DOM
  25. 2026-07-09
    days on market $215,000 Active 88 DOM
  26. 2026-07-07
    days on market $215,000 Active 86 DOM
  27. 2026-07-06
    days on market $215,000 Active 85 DOM
  28. 2026-07-06
    days on market $215,000 Active 84 DOM
  29. 2026-07-05
    days on market $215,000 Active 83 DOM
  30. 2026-07-03
    days on market $215,000 Active 82 DOM
  31. 2026-07-02
    days on market $215,000 Active 81 DOM
  32. 2026-07-01
    days on market $215,000 Active 80 DOM
  33. 2026-06-30
    days on market $215,000 Active 79 DOM
  34. 2026-06-29
    days on market $215,000 Active 78 DOM
  35. 2026-06-28
    days on market $215,000 Active 77 DOM
  36. 2026-06-27
    days on market $215,000 Active 76 DOM
  37. 2026-06-26
    days on market $215,000 Active 75 DOM
  38. 2026-06-24
    statusdays on market $215,000 Active 73 DOM
  39. 2026-06-22
    days on market $215,000 Pending 71 DOM
  40. 2026-06-21
    days on market $215,000 Pending 70 DOM
  41. 2026-06-18
    days on market $215,000 Pending 67 DOM
  42. 2026-06-17
    days on market $215,000 Pending 66 DOM
  43. 2026-06-16
    days on market $215,000 Pending 65 DOM
  44. 2026-06-15
    status $215,000 Pending 64 DOM
  45. 2026-06-15
    days on market $215,000 Active 64 DOM
  46. 2026-06-13
    days on market $215,000 Active 62 DOM
  47. 2026-06-13
    days on market $215,000 Active 61 DOM
  48. 2026-06-09
    days on market $215,000 Active 58 DOM
  49. 2026-06-08
    days on market $215,000 Active 57 DOM
  50. 2026-06-08
    price $215,000 Active 56 DOM

ⓘ 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
$5,803 · $484/mo
Projected year-2 tax
$5,803 · $484/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 1/10 Low
  • 🌡 Heat 9/10 Extreme 6 d/yr ≥109°F today · 18 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$43,200
− Mortgage interest
−$11,763
− Property taxes
−$5,803
− Insurance
−$1,050
− Repairs & maintenance
−$3,456
− Management
−$3,456
− Depreciation
−$6,109
Taxable income
$11,563
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$2,775
After-tax cash flow
$11,285/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 · 2 photos

Fair 45/100 Cosmetic rehab Est. rehab $9,605–$28,815 screening

This fully updated duplex is in good condition with minimal maintenance required. A fresh coat of paint and cleaning of gutters would significantly enhance its curb appeal and property value.

Value-add opportunities

  • Both Paint exterior — Enhances curb appeal and property value
  • Both Replace gutters — Prevents water damage and improves property value

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 34/100

Zoned Schools

Elementary Macarthur El F TX #1,883/4,322 Nat'l #22,441/41,679 Middle Galena Park Middle F TX #1,077/1,662 Nat'l #9,020/14,009 High Galena Park H S F TX #924/1,632 Nat'l #9,347/17,239

Schools (NCES district)

District
Galena Park ISD
NCES district ID
4820250
Math proficiency
32% ▼ -20.00%
Reading proficiency
33% ▼ -7.00%
Median HH income
$43,158
Composite
27.62/100
National rank
#6927
State rank
#578 of 826 in TX
B Composite livability gradescore 74/100

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
Harris County · 5,571,493 people
City population
3,226,434
Metro
Houston-The Woodlands-Sugar Land, TX
Population (ZIP)
16,154
Household income
$48,279
Rent vs Own
34.4% rent · 65.6% own
Severe rent burden
21% of renters

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 (72%)
Race & ethnicity
Hispanic / Latino 72% Two or more races 32% Black 22% White 5%
Hispanic origin (detail)
Mexican 66%
Foreign-born
31% · Canada
Languages at home
39% English-only · Spanish 61%

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

Price history

-20.4% since first listed
12 events — show timeline
  • 2026-06-23 Relisted HARMLS
  • 2026-06-15 Pending HARMLS
  • 2026-06-07 Price Changed $215,000 HARMLS
  • 2026-05-22 Price Changed $225,000 HARMLS
  • 2026-05-07 Price Changed $235,000 HARMLS
  • 2026-04-13 Listed $250,000 HARMLS
  • 2022-03-31 Listing Removed HARMLS
  • 2022-02-16 Listed $270,000 HARMLS
  • 2019-01-22 Sold (Public Records) Public Records
  • 2018-10-11 Sold (Public Records) Public Records
  • 2003-11-18 Sold (Public Records) Public Records
  • 2001-01-02 Sold (Public Records) Public Records

Property tax history

+5.8%/yr

Latest (2025): $5,803 · +4.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…