1706 Norlinda St · Houston, TX 77093

$169,000

3 bd · 1.0 ba · 1,146 sqft · SingleFamily public records · 24 Days on market

Built 1964 3,889 sqft lot Est $197k · 14% under

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Why this score? — see what drove the D+ 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 +15.1/30.0
• ARV discount +13.9/15.0
• DSCR +4.6/10.0
• 1% rule +4.0/10.0
• Rent growth +3.8/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Key facts

• 3,889 sq ft lot
• Built 1964
• Listed 24 days

Property features AI

Finance

• Financial info: Lease considered

Exterior

• Utilities: Public water; Public sewer
• Home design: Residential property; Entry on main level
• Construction: Built in 1964; Cement and wood siding; Composition roof; Slab foundation
• Exterior features: Subdivision lot

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric and gas); Central air conditioning (electric)
• Interior features: 3 total rooms; 1 full bathroom

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $169k.

Deal economics

• At list price, monthly cash flow is $56 ($676/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $151k (10.4% below list).
• Recommended offer: $151k (10.4% below list) — sets the bar for 1% rule.
• Cap rate 6.7% 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.
• Aldine ISD (suburban): math 16% / reading 21% proficiency, ranked #790 of 826 in TX (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 79% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Worsham El (math 33% / reading 25%, grade F, #2,668 of 4,322 statewide, top 63%, 493 students, 95% FRL); Mead Middle (math 15% / reading 21%, grade F, #1,491 of 1,662 statewide, top 91%, 1,012 students, 93% FRL); Aldine H S (math 15% / reading 20%, grade F, #1,451 of 1,632 statewide, top 89%, 2,663 students, 94% FRL).
• Market conditions: Rents rising fast (+5.3%/yr); 148 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• This rent runs 39% of the median local income ($47k/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 $5k 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

• It's been on market 24 days — a 2% lower offer ($166k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $151,396 (10.4% below list)

Questions for the listing agent

1. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.90% ✗
• Cap rate: 6.69%
• Cash-on-cash: 1.43%
• DSCR: 1.06
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $197,112
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1902 July St	0.25mi	4/2.0 (+1)	1,120 (-2%)	10mo	$250,000	$223	68
1822 Kowis St	0.41mi	4/2.0 (+1)	1,112 (-3%)	4mo	$237,000	$213	64
1286 Hopper Rd	0.44mi	3/1.5	1,212 (+6%)	8mo	$80,000	$66	62
2211 Wardmont St	0.47mi	3/1.0	1,100 (-4%)	18mo	$205,000	$186	56
1930 Cromwell St	0.35mi	3/1.5	980 (-14%)	2mo	$215,000	$219	56
11746 Somerset Ln	0.70mi	3/2.0	1,126 (-2%)	7mo	$175,000	$155	54
1246 Mitchell Rd	0.62mi	4/2.5 (+1)	1,125 (-2%)	9mo	$219,950	$196	50
2307 Sunny Dr	0.58mi	4/1.0 (+1)	1,178 (+3%)	20mo	$99,990	$85	47
1227 Sunny Dr	0.60mi	4/1.5 (+1)	1,155 (+1%)	22mo	$198,500	$172	46
2326 Sunny Dr	0.63mi	3/1.0	1,296 (+13%)	6mo	$173,700	$134	44
1219 Castledale Dr	0.73mi	3/2.0	1,005 (-12%)	20mo	$160,000	$159	24

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 · 5.31% rent growth · sell at horizon

5-year hold

• IRR: -11.5%
• Equity multiple: 0.57×
• Total profit: $-20,192
• Equity at exit: $25,198

10-year hold

• IRR: 0.7%
• Equity multiple: 1.05×
• Total profit: $2,548
• Equity at exit: $14,612

Cash invested: $47,320 (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 77093

• Home prices YoY: -9.9%
• Rents YoY: 5.3%
• Active inventory: 148
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,514 medium
• Mortgage (P&I): −$886
• Tax from tax record: −$183 /mo · $2,196/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$318
• Net cashflow: $56

Break-even live

Break-even rent $1,443

Max offer price $169,000

Occupancy floor 91%

Sensitivity live

Price	-10% $152	-5% $104	+0% $56	+5% $9	+10% $-39
Rent	-10% $-63	-5% $-3	+0% $56	+5% $116	+10% $176
Rate	-1.0pp $141	-0.5pp $99	base $56	+0.5pp $13	+1.0pp $-32

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
810 Charles Rd Houston, TX	3.0	2.0	1320	$1,450	$1.10	1d	1	1.27mi
810 Charles Rd Houston, TX	3.0	2.0	1320	$1,450	$1.10	45d	1	1.27mi

Listing history 19 events

1. 2026-06-21
   pricedays on market $169,000 Active 24 DOM
2. 2026-06-18
   days on market $159,000 Active 21 DOM
3. 2026-06-17
   days on market $159,000 Active 20 DOM
4. 2026-06-16
   days on market $159,000 Active 19 DOM
5. 2026-06-15
   days on market $159,000 Active 18 DOM
6. 2026-06-13
   days on market $159,000 Active 16 DOM
7. 2026-06-13
   pricedays on market $159,000 Active 15 DOM
8. 2026-06-09
   days on market $189,000 Active 12 DOM
9. 2026-06-08
   days on market $189,000 Active 11 DOM
10. 2026-06-08
    price $189,000 Active 10 DOM
11. 2026-06-07
    days on market $219,000 Active 10 DOM
12. 2026-06-04
    days on market $219,000 Active 7 DOM
13. 2026-06-03
    days on market $219,000 Active 6 DOM
14. 2026-06-02
    days on market $219,000 Active 5 DOM
15. 2026-06-01
    days on market $219,000 Active 4 DOM
16. 2026-05-31
    days on market $219,000 Active 3 DOM
17. 2026-05-28
    listed $219,000 Active
18. 2018-12-14
    soldstatus
19. 1992-08-19
    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: $2,196 · $183/mo
• Projected year-2 tax: $3,093 · $258/mo
• Expected delta: +$896/yr (+$75/mo · 40.8%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 6 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,168
• − Mortgage interest: −$9,467
• − Property taxes: −$2,196
• − Insurance: −$845
• − Repairs & maintenance: −$1,453
• − Management: −$1,453
• − Depreciation: −$4,916
• Taxable loss: −$2,163
• Est. tax savings @ 24.0%: +$519
• After-tax cash flow: $1,195/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: Aldine ISD
• NCES district ID: 4807710
• Math proficiency: 16% ▼ -23.00%
• Reading proficiency: 21% ▼ -11.00%
• Median HH income: $37,081
• Composite: 15.42/100
• National rank: #9317
• State rank: #790 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): 46,407
• Household income: $46,766
• Rent vs Own: 43.8% rent · 56.2% own
• Severe rent burden: 1815.0

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 (82%)
• Race & ethnicity: Hispanic / Latino 82% Two or more races 24% Black 11% White 6% Native American 1%
• Hispanic origin (detail): Mexican 70%
• Foreign-born: 34% · Canada
• Languages at home: 30% English-only · Spanish 70%

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: ▼ -30.53%
• Current HPI: 277.4914
• Rent YoY: ▲ 5.31%
• 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

3 events — show timeline

• 2026-05-28 Listed $219,000 HARMLS
• 2018-12-14 Sold (Public Records) — Public Records
• 1992-08-19 Sold (Public Records) — Public Records

Property tax history

+8.4%/yr

Latest (2025): $2,196 · +1.0% YoY. Source: county tax records.