24927 Lynn Ln · Houston, TX 77365

$110,000

3 bd · 1.0 ba · 1,200 sqft · SingleFamily public records · 14 Days on market

Built 1976 0.32 ac lot $92/sqft · 53% below area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Rent growth +2.9/5.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

INVESTMENT OPPORTUNITY! Property is being sold "AS IS WHERE IS". This home has great potential! 3 Bedroom, 1 bath on a 0.3 Acre Lot.

Key facts

• 0.32 acre lot
• Built 1976
• Listed 14 days

Property features AI

Exterior

• Parking: No parking
• Utilities: Has heating; Has cooling
• Home design: Residential property; One-story entry (first-floor living areas)
• Construction: Vinyl siding exterior; Block foundation; Metal roof; Built in 1976
• Exterior features: Cleared lot

Interior

• Kitchen: Kitchen on the first floor (14 x 13)
• Bedrooms: Primary bedroom on the first floor (15 x 10); Bedroom on the first floor (13 x 10); Bedroom on the first floor (10 x 10)
• Bathrooms: One full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Six total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $571 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Cap rate 12.5% 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.
• New Caney ISD (suburban): math 31% / reading 32% proficiency, ranked #570 of 826 in TX (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Woodridge Forest Middle (math 37% / reading 37%, grade F, #756 of 1,662 statewide, top 47%, 1,288 students, 64% FRL); West Fork H S (363 students, 66% FRL).
• Market conditions: Rents rising (+1.6%/yr); 941 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 13,259 units permitted in Montgomery County in 2024 (1,402 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Montgomery County population projected at +65% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 1.6% rent growth), your $31k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $110,000

Questions for the listing agent

1. Built in 1976 — 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. 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: 1.54% ✓
• Cap rate: 12.52%
• Cash-on-cash: 22.25%
• DSCR: 1.99
• GRM: 5.4

CMA / ARV

• ARV (median comp): $234,076
• List price: $110,000
• Delta: -53.01%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
24927 Lynn Ln	0.00mi	3/1.0	1,200 (0%)	0mo	$110,000	$92	100
23376 Ivy Rdg	0.39mi	3/2.0	1,300 (+8%)	8mo	$160,000	$123	57
23566 Flower Rdg	0.28mi	3/1.0	1,033 (-14%)	13mo	$199,900	$194	53
23718 E Webb Rd	0.55mi	3/1.0	1,080 (-10%)	7mo	$165,000	$153	52
24215 Parker	0.72mi	3/2.0	1,176 (-2%)	21mo	$176,900	$150	42
23410 Scenic Rdg	0.44mi	3/2.0	1,376 (+15%)	14mo	$245,000	$178	40
25045 Virginia Ln	0.43mi	3/2.0	1,368 (+14%)	23mo	$184,999	$135	33
5311 Village Springs Dr	0.65mi	3/2.0	1,362 (+14%)	23mo	$215,000	$158	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 · 1.65% rent growth · sell at horizon

5-year hold

• IRR: 13.5%
• Equity multiple: 1.53×
• Total profit: $16,304
• Equity at exit: $16,401

10-year hold

• IRR: 21.3%
• Equity multiple: 2.69×
• Total profit: $52,094
• Equity at exit: $9,511

Cash invested: $30,800 (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.

Methodology + full state rankings →

ZIP-level market 77365

• Home prices YoY: -33.0%
• Rents YoY: 1.6%
• Active inventory: 941
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,689 high
• Mortgage (P&I): −$577
• Tax from tax record: −$141 /mo · $1,687/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$355
• Net cashflow: $571

Break-even live

Break-even rent $966

Max offer price $110,000

Occupancy floor 61%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2315 Shadbury Ct Kingwood, TX	3.0	2.0	1487	$1,725	$1.16	43d	1	0.79mi
4250 Woodridge Pkwy Porter, TX	1.0–2.0	1.0–2.0	891	$2,030	$2.28	24d	1	0.96mi
2921 Sycamore Springs Dr Unit 2162 Kingwood, TX	2.0	2.0	887	$1,265	$1.43	4d	1	1.03mi
2921 Sycamore Springs Dr Unit 2112 Kingwood, TX	2.0	2.0	887	$1,257	$1.42	3d	1	1.03mi
2921 Sycamore Springs Dr Unit 2978 Kingwood, TX	2.0	2.0	887	$1,289	$1.45	10d	1	1.03mi
2921 Sycamore Springs Dr Unit 2954 Kingwood, TX	3.0	2.0	1245	$1,624	$1.30	10d	1	1.03mi
2921 Sycamore Springs Dr Unit 3112 Kingwood, TX	3.0	2.0	1245	$1,592	$1.28	3d	1	1.03mi
2927 Sycamore Springs Dr Kingwood, TX	3.0	2.0	1245	$1,548	$1.24	43d	1	1.07mi
2911 Sycamore Springs Dr Kingwood, TX	1.0–2.0	1.0–2.0	752	$1,412	$1.88	5d	1	1.12mi
24551 Cunningham Dr Porter, TX	2.0	1.0	904	$1,075	$1.19	43d	1	1.22mi
3122 Birch Creek Dr Kingwood, TX	3.0	2.0	1446	$1,624	$1.12	24d	1	1.24mi
22189 E Martin Dr Porter, TX	3.0	1.5	1015	$1,475	$1.45	43d	1	1.43mi
22189 E Martin Dr Porter, TX	3.0	2.0	1015	$1,475	$1.45	12d	1	1.43mi

Listing history 2 events

1. 2026-05-06
   listed $110,000 Active 142-char remark
2. 2022-04-25
   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: $1,687 · $141/mo
• Projected year-2 tax: $2,013 · $168/mo
• Expected delta: +$326/yr (+$27/mo · 19.3%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 73% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 6 d/yr ≥111°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,267
• − Mortgage interest: −$6,162
• − Property taxes: −$1,687
• − Insurance: −$550
• − Repairs & maintenance: −$1,621
• − Management: −$1,621
• − Depreciation: −$3,200
• Taxable income: $5,425
• Est. tax owed @ 24.0%: −$1,302
• After-tax cash flow: $5,549/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: New Caney ISD
• NCES district ID: 4832400
• Math proficiency: 31% ▼ -16.00%
• Reading proficiency: 32% ▼ -6.00%
• Median HH income: $55,380
• Composite: 27.97/100
• National rank: #6857
• State rank: #570 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: Montgomery County · 663,713 people
• City population: 3,226,434
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 46,418
• Household income: $95,702
• Rent vs Own: 22.9% rent · 77.1% own
• Severe rent burden: 1016.0

Population outlook (Montgomery County) Hauer SSP2

• Today (2025): 713,896 people
• By 2030: 805,263 · +12.8%
• By 2040: 992,708 · +39.1%
• By 2050: 1,179,590 · +65.2%
• By 2075: 1,628,084 · +128.1%
• By 2100: 1,937,880 · +171.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: Hispanic / Latino 46% White 44% Two or more races 15% Black 5% Asian 3%
• Hispanic origin (detail): Mexican 39% Puerto Rican 1%
• Common ancestry: Lithuanian 4% Slovak 2% Romanian 2%
• Foreign-born: 18% · Canada
• Languages at home: 59% English-only · Spanish 36% Other Indo-European 2% Russian/Polish/Slavic 1%

Political lean MEDSL · Montgomery

• 2024 margin: Solid R (+45.5) · D 26.8% · R 72.3%
• 2008→2024 swing: +7.2pp toward D · 2008: -52.7pp · 2024: -45.5pp
• All cycles: 2024: R+45.5 2020: R+43.8 2016: R+51.4 2012: R+60.7 2008: R+52.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -111.46%
• Current HPI: 225.9903
• Rent YoY: ▲ 1.65%
• 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

4 events — show timeline

• 2026-06-04 Sold (MLS) — HARMLS
• 2026-05-20 Pending — HARMLS
• 2026-05-06 Listed $110,000 HARMLS
• 2022-04-25 Sold (Public Records) — Public Records

Property tax history

+8.9%/yr

Latest (2025): $1,687 · -7.9% YoY. Source: county tax records.