1235 Peter Pine St · Houston, TX 77336

$149,900

4 bd · 2.0 ba · 1,904 sqft · Other · 328 Days on market

Built 2024 Good condition 0.32 ac lot $79/sqft · 35% below area Est $229k · 35% under ↓ 20% since listing

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.9/10.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Appreciation +0.7/10.0

Listing remarks MLS

This spacious 4-bedroom, 2-bath manufactured home offers an incredible opportunity for comfortable living on a generous .32-acre lot. With a well-designed layout that provides both open gathering spaces and private retreats, this home is perfect for everyday living and entertaining. Nestled in a convenient location near the Grand Parkway (Highway 99) and I-69, you'll enjoy quick access to shopping, dining, and entertainment while still enjoying the privacy of a larger lot. The oversized yard provides plenty of room for outdoor activities, gardening, or future enhancements. Don’t miss your chance to own this affordable gem in a growing area! Schedule your private showing today!

Key facts

• Generous lot
• Oversized yard
• Private retreats

Tags

• GENEROUS LOT
• OPEN GATHERING SPACES
• PRIVATE RETREATS
• CONVENIENT LOCATION
• QUICK ACCESS TO SHOPPING
• OVERSIZED YARD

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath other listed at $150k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $839 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.0% 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.
• 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.
• Zoned schools: Huffman Middle (math 36% / reading 32%, grade F, #892 of 1,662 statewide, top 55%, 907 students, 42% FRL); Hargrave H S (math 31% / reading 46%, grade F, #866 of 1,632 statewide, top 54%, 1,125 students, 36% FRL) — zoned schools at 39% FRL track the district average.
• Market conditions: 587 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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 $42k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 328 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $50k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $131,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 328 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: 1.49% ✓
• Cap rate: 13.01%
• Cash-on-cash: 23.99%
• DSCR: 2.07
• GRM: 5.6

CMA / ARV

• ARV (median comp): $229,000
• List price: $149,900
• Delta: -34.54%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 17.2%
• Equity multiple: 1.69×
• Total profit: $29,124
• Equity at exit: $22,351

10-year hold

• IRR: 25.7%
• Equity multiple: 3.24×
• Total profit: $94,043
• Equity at exit: $12,961

Cash invested: $41,972 (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: 5.6×

Monthly cashflow live

• Estimated rent: $2,233 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$76 /mo · $912/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$469
• Net cashflow: $839

Break-even live

Break-even rent $1,170

Max offer price $149,900

Occupancy floor 57%

Sensitivity live

Price	-10% $924	-5% $882	+0% $839	+5% $797	+10% $754
Rent	-10% $663	-5% $751	+0% $839	+5% $927	+10% $1,016
Rate	-1.0pp $915	-0.5pp $877	base $839	+0.5pp $800	+1.0pp $761

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
934 Pertuso Ln Huffman, TX	3.0	2.0	1360	$1,800	$1.32	26d	1	1.12mi
31416 Pratola Serra Cir Huffman, TX	3.0	2.0	1461	$1,675	$1.15	3d	1	1.17mi

Listing history 25 events

1. 2026-06-21
   pricedays on market $149,900 Active 328 DOM
2. 2026-06-18
   days on market $164,900 Active 325 DOM
3. 2026-06-17
   days on market $164,900 Active 324 DOM
4. 2026-06-16
   days on market $164,900 Active 323 DOM
5. 2026-06-15
   days on market $164,900 Active 322 DOM
6. 2026-06-13
   days on market $164,900 Active 320 DOM
7. 2026-06-09
   days on market $164,900 Active 316 DOM
8. 2026-06-08
   days on market $164,900 Active 315 DOM
9. 2026-06-07
   days on market $164,900 Active 314 DOM
10. 2026-06-04
    days on market $164,900 Active 311 DOM
11. 2026-06-03
    days on market $164,900 Active 310 DOM
12. 2026-06-02
    days on market $164,900 Active 309 DOM
13. 2026-06-01
    days on market $164,900 Active 308 DOM
14. 2026-05-31
    days on market $164,900 Active 307 DOM
15. 2026-05-01
    price $164,900 691-char remark

    Show marketing remark (691 chars)

    This spacious 4-bedroom, 2-bath manufactured home offers an incredible opportunity for comfortable living on a generous .32-acre lot. With a well-designed layout that provides both open gathering spaces and private retreats, this home is perfect for everyday living and entertaining. Nestled in a convenient location near the Grand Parkway (Highway 99) and I-69, you'll enjoy quick access to shopping, dining, and entertainment while still enjoying the privacy of a larger lot. The oversized yard provides plenty of room for outdoor activities, gardening, or future enhancements. Don’t miss your chance to own this affordable gem in a growing area! Schedule your private showing today!

16. 2026-01-02
    price $169,900 691-char remark

    Show marketing remark (691 chars)

    This spacious 4-bedroom, 2-bath manufactured home offers an incredible opportunity for comfortable living on a generous .32-acre lot. With a well-designed layout that provides both open gathering spaces and private retreats, this home is perfect for everyday living and entertaining. Nestled in a convenient location near the Grand Parkway (Highway 99) and I-69, you'll enjoy quick access to shopping, dining, and entertainment while still enjoying the privacy of a larger lot. The oversized yard provides plenty of room for outdoor activities, gardening, or future enhancements. Don’t miss your chance to own this affordable gem in a growing area! Schedule your private showing today!

17. 2025-10-24
    price $181,900 691-char remark

    Show marketing remark (691 chars)

    This spacious 4-bedroom, 2-bath manufactured home offers an incredible opportunity for comfortable living on a generous .32-acre lot. With a well-designed layout that provides both open gathering spaces and private retreats, this home is perfect for everyday living and entertaining. Nestled in a convenient location near the Grand Parkway (Highway 99) and I-69, you'll enjoy quick access to shopping, dining, and entertainment while still enjoying the privacy of a larger lot. The oversized yard provides plenty of room for outdoor activities, gardening, or future enhancements. Don’t miss your chance to own this affordable gem in a growing area! Schedule your private showing today!

18. 2025-10-06
    price $184,900 691-char remark

    Show marketing remark (691 chars)

    This spacious 4-bedroom, 2-bath manufactured home offers an incredible opportunity for comfortable living on a generous .32-acre lot. With a well-designed layout that provides both open gathering spaces and private retreats, this home is perfect for everyday living and entertaining. Nestled in a convenient location near the Grand Parkway (Highway 99) and I-69, you'll enjoy quick access to shopping, dining, and entertainment while still enjoying the privacy of a larger lot. The oversized yard provides plenty of room for outdoor activities, gardening, or future enhancements. Don’t miss your chance to own this affordable gem in a growing area! Schedule your private showing today!

19. 2025-09-22
    price $186,900 691-char remark

    Show marketing remark (691 chars)

    This spacious 4-bedroom, 2-bath manufactured home offers an incredible opportunity for comfortable living on a generous .32-acre lot. With a well-designed layout that provides both open gathering spaces and private retreats, this home is perfect for everyday living and entertaining. Nestled in a convenient location near the Grand Parkway (Highway 99) and I-69, you'll enjoy quick access to shopping, dining, and entertainment while still enjoying the privacy of a larger lot. The oversized yard provides plenty of room for outdoor activities, gardening, or future enhancements. Don’t miss your chance to own this affordable gem in a growing area! Schedule your private showing today!

20. 2025-09-02
    price $189,900 691-char remark

    Show marketing remark (691 chars)

    This spacious 4-bedroom, 2-bath manufactured home offers an incredible opportunity for comfortable living on a generous .32-acre lot. With a well-designed layout that provides both open gathering spaces and private retreats, this home is perfect for everyday living and entertaining. Nestled in a convenient location near the Grand Parkway (Highway 99) and I-69, you'll enjoy quick access to shopping, dining, and entertainment while still enjoying the privacy of a larger lot. The oversized yard provides plenty of room for outdoor activities, gardening, or future enhancements. Don’t miss your chance to own this affordable gem in a growing area! Schedule your private showing today!

21. 2025-07-28
    listed $199,900 Active 691-char remark

    Show marketing remark (691 chars)

    This spacious 4-bedroom, 2-bath manufactured home offers an incredible opportunity for comfortable living on a generous .32-acre lot. With a well-designed layout that provides both open gathering spaces and private retreats, this home is perfect for everyday living and entertaining. Nestled in a convenient location near the Grand Parkway (Highway 99) and I-69, you'll enjoy quick access to shopping, dining, and entertainment while still enjoying the privacy of a larger lot. The oversized yard provides plenty of room for outdoor activities, gardening, or future enhancements. Don’t miss your chance to own this affordable gem in a growing area! Schedule your private showing today!

22. 2025-06-11
    price $194,900
23. 2025-05-27
    price $199,900
24. 2025-05-04
    listed $204,900 Active
25. 2025-01-30
    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: $912 · $76/mo
• Projected year-2 tax: $2,743 · $229/mo
• Expected delta: +$1,831/yr (+$153/mo · 200.8%)

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

Taxation est. · year 1

• Rental income: $26,791
• − Mortgage interest: −$8,397
• − Property taxes: −$912
• − Insurance: −$750
• − Repairs & maintenance: −$2,143
• − Management: −$2,143
• − Depreciation: −$4,361
• Taxable income: $8,086
• Est. tax owed @ 24.0%: −$1,941
• After-tax cash flow: $8,130/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 · 12 photos

Good 80/100 None rehab

This spacious 4-bedroom, 2-bath manufactured home is in excellent condition with minimal maintenance required. It offers a great opportunity for comfortable living on a generous lot, with potential for further value increases through landscaping and smart home features.

Value-add opportunities

• Both Landscaping and curb appeal improvements — Enhances curb appeal and can attract more buyers or renters.
• Both Add a small patio or deck — Can increase living space and appeal to buyers or renters.
• Both Install smart home features — Can increase home's value and attract tech-savvy buyers or renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping and curb appeal improvements — Enhances curb appeal and can attract more buyers or renters. ↑
• Both Add a small patio or deck — Can increase living space and appeal to buyers or renters. ↑
• Both Install smart home features — Can increase home's value and attract tech-savvy buyers or renters. ↑

ⓘ 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: 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

-19.5% since first listed

11 events — show timeline

• 2026-05-01 Price Changed $164,900 HARMLS
• 2026-01-02 Price Changed $169,900 HARMLS
• 2025-10-24 Price Changed $181,900 HARMLS
• 2025-10-06 Price Changed $184,900 HARMLS
• 2025-09-22 Price Changed $186,900 HARMLS
• 2025-09-02 Price Changed $189,900 HARMLS
• 2025-07-28 Listed $199,900 HARMLS
• 2025-06-11 Price Changed $194,900 NTREIS
• 2025-05-27 Price Changed $199,900 NTREIS
• 2025-05-04 Listed $204,900 NTREIS
• 2025-01-30 Sold (Public Records) — Public Records

Property tax history

+4.4%/yr

Latest (2025): $912 · +4.4% YoY. Source: county tax records.