9616 Long Point Rd #63 · Houston, TX
Flood risk 4/10 · Minor
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.22%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $1,222 – $2,270
Heat risk 9/10 · Severe
- Hot days now (above 109°F)
- 7 days/yr
- Hot days in 30 yrs
- 24 days/yr
Wind risk 9/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
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).
- ARV discount +15.0/15.0
- Cash flow +7.0/30.0
- 1% rule +5.9/10.0
- Schools +4.1/10.0
- Livability +3.7/5.0
- Rent growth +2.9/5.0
- Condition / age +2.5/5.0
- DSCR +1.2/10.0
- Appreciation +0.0/10.0
$119,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
INVESTMENT PROPERTY IN SPRING BRANCH!!! INVESTORS ONLY. Seller is requesting no showings until accepted contract. 1st floor condo in a gated community. Condo has been completely renovated. The complex has recent flat tar roofing in 2008. Seller is leasing for $730/mo. Seller's cash flow $4,000-$4,300/yr. The HOA has $100,000 in reserves growing monthly--meaning assessments for repairs/replacements are not expected. MacArthur Park is 100% occupied with a waiting list.
Key facts
- Renovated bathrooms
- Private patio
- First floor condo
Tags
Property features AI
Finance
- Other: Seller disclosure available
- Financial info: Lease not considered
- HOA & community: HOA managed by Rise Association Management Group; Monthly association fee of $409; HOA covers common areas, insurance, structure maintenance, sewer and water
Exterior
- Parking: No parking details provided
- Security: Controlled access
- Utilities: Public water; Public sewer
- Home design: Residential property; Two-story building; Built in 1965; Slab foundation
- Construction: Brick and wood siding exterior
- Exterior features: Deck; Patio; Asphalt road access
Interior
- Kitchen: Electric oven; Electric range
- Bedrooms: Two bedrooms on the first floor (each about 10 x 11)
- Flooring: Tile
- Bathrooms: Two full bathrooms
- Heating & cooling: Central heating (electric); Central air conditioning (electric)
- Interior features: Ceiling fans; Programmable thermostat
- Laundry & utility: No specific in-unit laundry or utility appliances listed
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.5-bath condo listed at $119k.
Deal economics
- At list price, monthly cash flow is $-175 ($-2k/yr) — negative.
- To cash-flow at today's rent, offer at most $88k (26.0% below list).
- Meets the 1% rule at list price ($1k rent vs $119k).
- Recommended offer: $88k (26.0% below list) — sets the bar for cash-flow.
- Cap rate 4.5% 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.
- Spring Branch ISD (urban): math 47% / reading 46% proficiency, ranked #215 of 826 in TX (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Zoned schools: Woodview El (math 21% / reading 27%, grade F, #3,221 of 4,322 statewide, top 75%, 525 students, 95% FRL); Spring Woods Middle (math 17% / reading 26%, grade F, #1,378 of 1,662 statewide, top 83%, 814 students, 92% FRL); Spring Woods H S (math 53% / reading 36%, grade F, #652 of 1,632 statewide, top 43%, 2,113 students, 82% FRL) — zoned schools average 90% FRL vs 54% district-wide (36 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Zoned-school proficiency averages 30% at this address vs 46% district-wide (-16 pts) — the specific schools serving this property underperform the Spring Branch ISD average; the district grade overstates school quality for this exact location.
- Market conditions: Rents rising (+1.4%/yr); 447 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $823 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.
Negotiation context
- It's been on market 37 days — a 3% lower offer ($115k) is reasonable based on typical stale-listing flexibility.
- 6 sale attempts since 13y 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
- Watch-outs: HOA is 32% of rent.
- Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 37 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
- Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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?
- 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.
- 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.
- 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
- 1.09% ✓
- Cap rate
- 4.53%
- Cash-on-cash
- -6.31%
- DSCR
- 0.72
- GRM
- 7.7
CMA / ARV
- ARV (median comp)
- $147,912
- List price
- $119,000
- Delta
- -19.55%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Projected returns pro-forma
-3.0% appreciation · 1.41% rent growth · sell at horizon
- IRR
- -29.7%
- Equity multiple
- 0.03×
- Total profit
- $-32,226
- Equity at exit
- $17,743
- IRR
- -43.6%
- Equity multiple
- -0.49×
- Total profit
- $-49,512
- Equity at exit
- $10,289
Cash invested: $33,320 (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
ZIP-level market 77055
- Rents YoY
- 1.4%
- Active inventory
- 447
- Price-to-rent
- 7.7×
Monthly cashflow live
- Estimated rent
- $1,295 high interval (Pro) →
- Mortgage (P&I)
- −$624
- Tax from tax record
- −$115 /mo · $1,385/yr
- Insurance
- −$50
- HOA
- −$409
- Vacancy / Maint / Mgmt
- −$272
- Net cashflow
- $-175
Break-even live
Sensitivity live
| Price | -10% $-108 | -5% $-141 | +0% $-175 | +5% $-209 | +10% $-242 |
|---|---|---|---|---|---|
| Rent | -10% $-277 | -5% $-226 | +0% $-175 | +5% $-124 | +10% $-73 |
| Rate | -1.0pp $-115 | -0.5pp $-145 | base $-175 | +0.5pp $-206 | +1.0pp $-237 |
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
- $29,750
- Closing costs
- $3,570
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 9550 Long Point Rd Houston, TX | 2.0–4.0 | 1.0–2.0 | 1130 | $775 | $0.69 | 3d | 10 | 0.23mi |
| 1620 Oak Tree Dr Unit 1148 Houston, TX | 1.0 | 1.0 | 704 | $968 | $1.38 | 1d | 1 | 0.35mi |
| 1620 Oak Tree Dr Unit 2148 Houston, TX | 2.0 | 2.0 | 960 | $1,129 | $1.18 | 1d | 1 | 0.35mi |
| 1620 Oak Tree Dr Unit 2162 Houston, TX | 2.0 | 2.0 | 960 | $1,145 | $1.19 | 7d | 1 | 0.35mi |
| 1620 Oak Tree Dr Unit 1677 Houston, TX | 2.0 | 2.0 | 960 | $1,169 | $1.22 | 12d | 1 | 0.35mi |
| 1620 Oak Tree Dr Houston, TX | 2.0 | 2.0 | 960 | $1,495 | $1.56 | 26d | 1 | 0.35mi |
| 1620 Oak Tree Dr Unit 1694 Houston, TX | 1.0 | 1.0 | 704 | $1,018 | $1.45 | 12d | 1 | 0.35mi |
| 1620 Oak Tree Dr Houston, TX | 1.0 | 1.0 | 704 | $1,169 | $1.66 | 45d | 1 | 0.35mi |
| 1620 Oak Tree Dr Unit 2187 Houston, TX | 2.0 | 2.0 | 960 | $1,170 | $1.22 | 1d | 1 | 0.35mi |
| 1620 Oak Tree Dr Unit 1162 Houston, TX | 1.0 | 1.0 | 704 | $979 | $1.39 | 7d | 1 | 0.35mi |
| 1620 Oak Tree Dr Unit 1641 Houston, TX | 1.0 | 1.0 | 704 | $1,065 | $1.51 | 17d | 1 | 0.35mi |
| 1620 Oak Tree Dr Unit 1671 Houston, TX | 1.0 | 1.0 | 704 | $968 | $1.38 | 14d | 1 | 0.35mi |
| 1620 Oak Tree Dr Houston, TX | 1.0–2.0 | 1.0–2.0 | 704 | $1,560 | $2.22 | 7d | 6 | 0.35mi |
| 1550 Blalock Rd Houston, TX | 1.0–2.0 | 1.0–1.5 | 965 | $1,414 | $1.47 | 4d | 47 | 0.41mi |
| 1716 Crestdale Dr Houston, TX | 2.0 | 1.0 | 950 | $1,650 | $1.74 | 45d | 1 | 0.49mi |
| 1720 Crestdale Dr Houston, TX | 1.0–2.0 | 1.0–2.0 | 832 | $1,390 | $1.67 | 1d | 13 | 0.50mi |
| 1726 Crestdale Dr Houston, TX | 2.0 | 2.0 | 960 | $1,500 | $1.56 | 45d | 1 | 0.53mi |
| 9757 Pine Lake Dr Houston, TX | 1.0 | 1.0 | 718 | $1,029 | $1.43 | 45d | 1 | 0.56mi |
| 9763 Pine Lake Dr Houston, TX | 1.0 | 1.0 | 858 | $1,343 | $1.57 | 45d | 1 | 0.58mi |
| 1500 Witte Rd Houston, TX | 1.0–3.0 | 1.5–2.5 | 1085 | $1,319 | $1.22 | 0d | 12 | 0.61mi |
| 1217 Blalock Rd Houston, TX | 3.0 | 1.0–2.0 | 818 | $986 | $1.20 | 1d | 14 | 0.64mi |
| 9739 Neuens Rd Houston, TX | 1.0 | 1.0 | 680 | $910 | $1.34 | 45d | 1 | 0.66mi |
| 1359 Witte Rd Houston, TX | 1.0 | 1.0 | 702 | $975 | $1.39 | 45d | 1 | 0.69mi |
| 1111 Blalock Rd Unit 2047 Houston, TX | 2.0 | 2.0 | 1030 | $1,351 | $1.31 | 1d | 1 | 0.73mi |
| 1111 Blalock Rd Houston, TX | 2.0 | 2.0 | 1070 | $1,378 | $1.29 | 45d | 1 | 0.75mi |
| 1111 Blalock Rd Houston, TX | 1.0 | 1.0 | 733 | $1,034 | $1.41 | 14d | 1 | 0.75mi |
| 1111 Blalock Rd Unit 1168 Houston, TX | 2.0 | 2.0 | 1030 | $1,350 | $1.31 | 12d | 1 | 0.78mi |
| 1111 Blalock Rd Unit 2162 Houston, TX | 2.0 | 2.0 | 1030 | $1,326 | $1.29 | 7d | 1 | 0.78mi |
| 1111 Blalock Rd Unit 1132 Houston, TX | 1.0 | 1.0 | 733 | $1,080 | $1.47 | 16d | 1 | 0.78mi |
| 1111 Blalock Rd Unit 1132 Houston, TX | 1.0 | 1.0 | 733 | $1,084 | $1.48 | 12d | 1 | 0.78mi |
| 1111 Blalock Rd Unit 1112 Houston, TX | 1.0 | 1.0 | 733 | $1,034 | $1.41 | 1d | 1 | 0.78mi |
| 1111 Blalock Rd Unit 2148 Houston, TX | 2.0 | 2.0 | 1030 | $1,310 | $1.27 | 1d | 1 | 0.78mi |
| 1562 Gessner Rd Houston, TX | 1.0 | 1.0 | 635 | $950 | $1.50 | 45d | 1 | 0.88mi |
| 976 Bunker Hill Rd Houston, TX | 2.0 | 2.0 | 996 | $1,605 | $1.61 | 21d | 1 | 0.92mi |
| 976 Bunker Hill Rd Houston, TX | 1.0 | 1.0 | 791 | $1,335 | $1.69 | 24d | 1 | 0.92mi |
| 976 Bunker Hill Rd Houston, TX | 1.0 | 1.0 | 791 | $1,335 | $1.69 | 18d | 1 | 0.92mi |
| 976 Bunker Hill Rd Houston, TX | 2.0 | 2.0 | 996 | $1,605 | $1.61 | 20d | 1 | 0.92mi |
| 1776 Gessner Rd Houston, TX | 1.0–4.0 | 1.0–2.0 | 934 | $1,076 | $1.15 | 45d | 11 | 0.92mi |
| 9757 Katy Fwy Houston, TX | 1.0 | 1.0 | 978 | $2,031 | $2.08 | 45d | 1 | 0.95mi |
| 9757 Katy Fwy Unit 323 Houston, TX | 1.0 | 1.0 | 727 | $2,131 | $2.93 | 16d | 1 | 0.98mi |
HOA detail condo
- Monthly dues
- $409 · $4,908/yr
- Likely covers
- security
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 28 events
-
2026-06-21days on market $119,000 Active 37 DOM
-
2026-06-18days on market $119,000 Active 34 DOM
-
2026-06-17days on market $119,000 Active 33 DOM
-
2026-06-16days on market $119,000 Active 32 DOM
-
2026-06-15days on market $119,000 Active 31 DOM
-
2026-06-13days on market $119,000 Active 29 DOM
-
2026-06-09days on market $119,000 Active 25 DOM
-
2026-06-08days on market $119,000 Active 24 DOM
-
2026-06-07days on market $119,000 Active 23 DOM
-
2026-06-04days on market $119,000 Active 20 DOM
-
2026-06-03days on market $119,000 Active 19 DOM
-
2026-06-02days on market $119,000 Active 18 DOM
-
2026-06-01days on market $119,000 Active 17 DOM
-
2026-05-31days on market $119,000 Active 16 DOM
-
2026-05-15$119,000 Active 994-char remark
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2014-02-07soldstatus Sold 471-char remark
Show marketing remark (471 chars)
INVESTMENT PROPERTY IN SPRING BRANCH!!! INVESTORS ONLY. Seller is requesting no showings until accepted contract. 1st floor condo in a gated community. Condo has been completely renovated. The complex has recent flat tar roofing in 2008. Seller is leasing for $730/mo. Seller's cash flow $4,000-$4,300/yr. The HOA has $100,000 in reserves growing monthly--meaning assessments for repairs/replacements are not expected. MacArthur Park is 100% occupied with a waiting list.
-
2014-02-07soldstatus
Show marketing remark (471 chars)
INVESTMENT PROPERTY IN SPRING BRANCH!!! INVESTORS ONLY. Seller is requesting no showings until accepted contract. 1st floor condo in a gated community. Condo has been completely renovated. The complex has recent flat tar roofing in 2008. Seller is leasing for $730/mo. Seller's cash flow $4,000-$4,300/yr. The HOA has $100,000 in reserves growing monthly--meaning assessments for repairs/replacements are not expected. MacArthur Park is 100% occupied with a waiting list.
-
2014-01-31status Pending 471-char remark
Show marketing remark (471 chars)
INVESTMENT PROPERTY IN SPRING BRANCH!!! INVESTORS ONLY. Seller is requesting no showings until accepted contract. 1st floor condo in a gated community. Condo has been completely renovated. The complex has recent flat tar roofing in 2008. Seller is leasing for $730/mo. Seller's cash flow $4,000-$4,300/yr. The HOA has $100,000 in reserves growing monthly--meaning assessments for repairs/replacements are not expected. MacArthur Park is 100% occupied with a waiting list.
-
2014-01-22status Option Pending 471-char remark
Show marketing remark (471 chars)
INVESTMENT PROPERTY IN SPRING BRANCH!!! INVESTORS ONLY. Seller is requesting no showings until accepted contract. 1st floor condo in a gated community. Condo has been completely renovated. The complex has recent flat tar roofing in 2008. Seller is leasing for $730/mo. Seller's cash flow $4,000-$4,300/yr. The HOA has $100,000 in reserves growing monthly--meaning assessments for repairs/replacements are not expected. MacArthur Park is 100% occupied with a waiting list.
-
2013-10-01status Active 471-char remark
Show marketing remark (471 chars)
INVESTMENT PROPERTY IN SPRING BRANCH!!! INVESTORS ONLY. Seller is requesting no showings until accepted contract. 1st floor condo in a gated community. Condo has been completely renovated. The complex has recent flat tar roofing in 2008. Seller is leasing for $730/mo. Seller's cash flow $4,000-$4,300/yr. The HOA has $100,000 in reserves growing monthly--meaning assessments for repairs/replacements are not expected. MacArthur Park is 100% occupied with a waiting list.
-
2013-10-01historical 471-char remark
Show marketing remark (471 chars)
INVESTMENT PROPERTY IN SPRING BRANCH!!! INVESTORS ONLY. Seller is requesting no showings until accepted contract. 1st floor condo in a gated community. Condo has been completely renovated. The complex has recent flat tar roofing in 2008. Seller is leasing for $730/mo. Seller's cash flow $4,000-$4,300/yr. The HOA has $100,000 in reserves growing monthly--meaning assessments for repairs/replacements are not expected. MacArthur Park is 100% occupied with a waiting list.
-
2013-09-10status Active 471-char remark
Show marketing remark (471 chars)
INVESTMENT PROPERTY IN SPRING BRANCH!!! INVESTORS ONLY. Seller is requesting no showings until accepted contract. 1st floor condo in a gated community. Condo has been completely renovated. The complex has recent flat tar roofing in 2008. Seller is leasing for $730/mo. Seller's cash flow $4,000-$4,300/yr. The HOA has $100,000 in reserves growing monthly--meaning assessments for repairs/replacements are not expected. MacArthur Park is 100% occupied with a waiting list.
-
2013-07-30status Pending 471-char remark
Show marketing remark (471 chars)
INVESTMENT PROPERTY IN SPRING BRANCH!!! INVESTORS ONLY. Seller is requesting no showings until accepted contract. 1st floor condo in a gated community. Condo has been completely renovated. The complex has recent flat tar roofing in 2008. Seller is leasing for $730/mo. Seller's cash flow $4,000-$4,300/yr. The HOA has $100,000 in reserves growing monthly--meaning assessments for repairs/replacements are not expected. MacArthur Park is 100% occupied with a waiting list.
-
2013-06-11status Active 471-char remark
Show marketing remark (471 chars)
INVESTMENT PROPERTY IN SPRING BRANCH!!! INVESTORS ONLY. Seller is requesting no showings until accepted contract. 1st floor condo in a gated community. Condo has been completely renovated. The complex has recent flat tar roofing in 2008. Seller is leasing for $730/mo. Seller's cash flow $4,000-$4,300/yr. The HOA has $100,000 in reserves growing monthly--meaning assessments for repairs/replacements are not expected. MacArthur Park is 100% occupied with a waiting list.
-
2013-06-11historical 471-char remark
Show marketing remark (471 chars)
INVESTMENT PROPERTY IN SPRING BRANCH!!! INVESTORS ONLY. Seller is requesting no showings until accepted contract. 1st floor condo in a gated community. Condo has been completely renovated. The complex has recent flat tar roofing in 2008. Seller is leasing for $730/mo. Seller's cash flow $4,000-$4,300/yr. The HOA has $100,000 in reserves growing monthly--meaning assessments for repairs/replacements are not expected. MacArthur Park is 100% occupied with a waiting list.
-
2013-06-07status Active 471-char remark
Show marketing remark (471 chars)
INVESTMENT PROPERTY IN SPRING BRANCH!!! INVESTORS ONLY. Seller is requesting no showings until accepted contract. 1st floor condo in a gated community. Condo has been completely renovated. The complex has recent flat tar roofing in 2008. Seller is leasing for $730/mo. Seller's cash flow $4,000-$4,300/yr. The HOA has $100,000 in reserves growing monthly--meaning assessments for repairs/replacements are not expected. MacArthur Park is 100% occupied with a waiting list.
-
2013-06-06historical 471-char remark
Show marketing remark (471 chars)
INVESTMENT PROPERTY IN SPRING BRANCH!!! INVESTORS ONLY. Seller is requesting no showings until accepted contract. 1st floor condo in a gated community. Condo has been completely renovated. The complex has recent flat tar roofing in 2008. Seller is leasing for $730/mo. Seller's cash flow $4,000-$4,300/yr. The HOA has $100,000 in reserves growing monthly--meaning assessments for repairs/replacements are not expected. MacArthur Park is 100% occupied with a waiting list.
-
2013-02-13$39,750 Active 471-char remark
Show marketing remark (471 chars)
INVESTMENT PROPERTY IN SPRING BRANCH!!! INVESTORS ONLY. Seller is requesting no showings until accepted contract. 1st floor condo in a gated community. Condo has been completely renovated. The complex has recent flat tar roofing in 2008. Seller is leasing for $730/mo. Seller's cash flow $4,000-$4,300/yr. The HOA has $100,000 in reserves growing monthly--meaning assessments for repairs/replacements are not expected. MacArthur Park is 100% occupied with a waiting list.
ⓘ 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
- $1,385 · $115/mo
- Projected year-2 tax
- $2,178 · $181/mo
- Expected delta
- +$793/yr (+$66/mo · 57.2%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 9/10 Extreme 7 d/yr ≥109°F today · 24 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 · 3 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
- $15,538
- − Mortgage interest
- −$6,666
- − Property taxes
- −$1,385
- − Insurance
- −$595
- − Repairs & maintenance
- −$1,243
- − Management
- −$1,243
- − HOA
- −$4,908
- − Depreciation
- −$3,462
- Taxable loss
- −$3,964
- Est. tax savings @ 24.0%
- +$951
- After-tax cash flow
- $-1,150/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
- Spring Branch ISD
- NCES district ID
- 4841100
- Math proficiency
- 47% ▼ -4.00%
- Reading proficiency
- 46% ▼ -1.00%
- Median HH income
- $60,311
- Composite
- 40.88/100
- National rank
- #3624
- State rank
- #215 of 826 in TX
Livability — Houston
- Score
- 74/100
- State rank
- #184
- US rank
- #4771
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Houston, TX
- County
- Harris County · 4,702,590 people
- City population
- 3,226,434
- Metro
- Houston-The Woodlands-Sugar Land, TX
- Population (ZIP)
- 45,435
- Household income
- $74,369
- Rent vs Own
- Severe rent burden
- 2571.0
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 0.61)
- Race & ethnicity
- Hispanic / Latino 53% White 33% Two or more races 18% Asian 6% Black 5% Native American 2%
- Hispanic origin (detail)
- Mexican 32%
- Common ancestry
- Lithuanian 2% Italian 1% Serbian 1%
- Foreign-born
- 34% · Canada, China, Vietnam
- Languages at home
- 46% English-only · Spanish 45% Chinese 2% Arabic 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
- ▼ -488.83%
- Current HPI
- 251.807
- Rent YoY
- ▲ 1.41%
- 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 |
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| Technology | 5 | $198B |
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| Engineering / Construction | 4 | $72B |
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| Energy Services | 3 | $60B |
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| Utilities | 3 | $41B |
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| Healthcare | 2 | $330B |
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Price history
+199.4% since first listed14 events — show timeline
- 2026-05-15 Listed $119,000 HARMLS
- 2014-02-07 Sold (Public Records) — Public Records
- 2014-02-07 Sold (MLS) — HARMLS
- 2014-01-31 Pending — HARMLS
- 2014-01-22 Pending — HARMLS
- 2013-10-01 Relisted — HARMLS
- 2013-10-01 Listing Removed — HARMLS
- 2013-09-10 Relisted — HARMLS
- 2013-07-30 Pending — HARMLS
- 2013-06-11 Relisted — HARMLS
- 2013-06-11 Listing Removed — HARMLS
- 2013-06-07 Relisted — HARMLS
- 2013-06-06 Listing Removed — HARMLS
- 2013-02-13 Listed $39,750 HARMLS
Property tax history
+3.9%/yrLatest (2025): $1,385 · -11.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…