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16506 Ithaca Pheasant Dr
C- Composite 52.84
Why this score? — see what drove the C- 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 +14.4/30.0
  • 1% rule +5.3/10.0
  • Condition / age +4.8/5.0
  • DSCR +4.4/10.0
  • Rent growth +3.5/5.0
  • Livability +3.1/5.0
  • Schools +2.5/10.0
  • Appreciation +0.0/10.0

$184,741

16506 Ithaca Pheasant Dr · Cleveland, TX 77327
3 bd · 2.0 ba · 1,302 sqft · SingleFamily · 76 Days on market
Built 2026 Excellent condition $142/sqft · 24% below area Est $244k · 24% under $192/mo HOA · 10% of rent ↓ 25% since listing

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

Listing remarks MLS

This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

Key facts

  • Walk-in closet
  • Open floorplan
  • Secondary bedrooms

Tags

OPEN FLOORPLANOWNER'S SUITEEN-SUITE BATHROOMWALK-IN CLOSETSECONDARY BEDROOMS

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $185k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $36 ($433/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $185k).
  • Recommended offer: $174k (6.0% below list) — sets the bar for market timing.
  • Cap rate 6.5% vs local median 4.6% in Cleveland — 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 61/100 on livability (#1,013 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D-, amenities F, commute F.
  • Splendora ISD (rural): math 25% / reading 31% proficiency, ranked #648 of 826 in TX (top 78%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
  • Zoned schools: Piney Woods El (math 23% / reading 28%, grade F, #2,982 of 4,322 statewide, top 70%, 534 students, 55% FRL); Splendora J H (math 28% / reading 42%, grade F, #842 of 1,662 statewide, top 51%, 774 students, 62% FRL); Splendora H S (math 18% / reading 38%, grade F, #1,170 of 1,632 statewide, top 72%, 1,344 students, 59% FRL) — zoned schools at 59% FRL track the district average.
  • Market conditions: Rents rising fast (+4.0%/yr); 1577 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 13,259 units permitted in Montgomery County in 2024 (1,402 in 5+ unit buildings).
  • This rent runs 37% of the median local income ($62k/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 $6k 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.

Negotiation context

  • It's been on market 76 days — a 6% lower offer ($174k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts; this cycle's ask has dropped $55k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Recommended offer $173,656 (6.0% below list)

Questions for the listing agent

  1. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
  2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  6. Crime grade is D 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?
  7. 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.
  8. 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.
  9. 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
1.03%
Cap rate
6.53%
Cash-on-cash
0.84%
DSCR
1.04
GRM
8.1

CMA / ARV

ARV (median comp)
$243,521
List price
$184,741
Delta
-24.14%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
16246 Bergara Bend Dr 0.03mi 3/2.0 1,311 (+1%) 0mo $231,990 $177 97
16206 Bergara Bend Dr 0.03mi 3/2.0 1,311 (+1%) 1mo $231,990 $177 96
16218 Bergara Bend Dr 0.05mi 3/2.0 1,409 (+8%) 1mo $235,990 $167 83
16226 Bergara Bend Dr 0.05mi 3/2.0 1,418 (+9%) 1mo $243,990 $172 82
16229 Bergara Bend Dr 0.05mi 3/2.0 1,451 (+11%) 1mo $235,990 $163 78
21344 Pine Mill Dr 0.39mi 3/2.0 1,412 (+8%) 3mo $222,000 $157 65
20807 Olive Leaf St 0.38mi 3/2.0 1,444 (+11%) 4mo $225,000 $156 61
15332 Timber Preserve Ln 0.25mi 3/2.0 1,448 (+11%) 11mo $225,000 $155 60
21328 Pine Mill Dr 0.42mi 3/2.0 1,479 (+14%) 4mo $195,960 $132 54
15215 Mayflower St 0.63mi 3/2.0 1,415 (+9%) 12mo $252,990 $179 46
21510 Rolling Streams 0.74mi 3/2.0 1,206 (-7%) 10mo $229,990 $191 44
21514 Rolling Streams Dr 0.74mi 3/2.0 1,429 (+10%) 12mo $219,990 $154 40

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 · 4.0% rent growth · sell at horizon

5-year hold
IRR
-13.6%
Equity multiple
0.51×
Total profit
$-25,555
Equity at exit
$27,545
10-year hold
IRR
-2.9%
Equity multiple
0.80×
Total profit
$-10,590
Equity at exit
$15,973

Cash invested: $51,727 (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.

ZIP-level market 77327

Home prices YoY
-5.2%
Rents YoY
4.0%
Active inventory
1577
Price-to-rent
8.1×

Monthly cashflow live

Estimated rent
$1,905 medium interval (Pro) →
Mortgage (P&I)
$969
Tax est. 1.5%
$231 /mo · $2,771/yr
Insurance
$77
HOA
$192
Vacancy / Maint / Mgmt
$400
Net cashflow
$36

Break-even live

Break-even rent $1,859
Max offer price $184,741
Occupancy floor 93%

Sensitivity live

Price -10% $164 -5% $100 +0% $36 +5% $-28 +10% $-92
Rent -10% $-114 -5% $-39 +0% $36 +5% $111 +10% $187
Rate -1.0pp $129 -0.5pp $83 base $36 +0.5pp $-12 +1.0pp $-60

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
$46,185
Closing costs
$5,542
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 2 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
15019 Ashton Meadows Dr New Caney, TX 3.0 2.0 1501 $1,790 $1.19 25d 1 0.71mi
14255 Timber Fields Way New Caney, TX 3.0–4.0 2.0–2.5 1797 $1,622 $0.90 6d 57 1.19mi

HOA detail

Monthly dues
$192 · $2,304/yr

Listing history 33 events

  1. 2026-06-02
    days on market $184,741 Active 76 DOM
  2. 2026-06-01
    days on market $184,741 Active 75 DOM
  3. 2026-05-31
    days on market $184,741 Active 74 DOM
  4. 2026-05-12
    price $188,441 380-char remark
    Show marketing remark (380 chars)

    This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

  5. 2026-05-11
    price $188,441 509-char remark
    Show marketing remark (509 chars)

    NEW! Lennar Watermill Collection in Timbers Edge! The Beckman plan with Elevation "K3". This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner’s suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are three secondary bedrooms along the side of the home, which are comfortable spaces for household members and overnight guests.

  6. 2026-05-06
    price $191,991 380-char remark
    Show marketing remark (380 chars)

    This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

  7. 2026-05-05
    price $191,991 509-char remark
    Show marketing remark (509 chars)

    NEW! Lennar Watermill Collection in Timbers Edge! The Beckman plan with Elevation "K3". This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner’s suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are three secondary bedrooms along the side of the home, which are comfortable spaces for household members and overnight guests.

  8. 2026-05-01
    price $191,990 380-char remark
    Show marketing remark (380 chars)

    This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

  9. 2026-04-30
    price $191,990 509-char remark
    Show marketing remark (509 chars)

    NEW! Lennar Watermill Collection in Timbers Edge! The Beckman plan with Elevation "K3". This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner’s suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are three secondary bedrooms along the side of the home, which are comfortable spaces for household members and overnight guests.

  10. 2026-04-28
    price $198,790 380-char remark
    Show marketing remark (380 chars)

    This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

  11. 2026-04-27
    price $198,790 509-char remark
    Show marketing remark (509 chars)

    NEW! Lennar Watermill Collection in Timbers Edge! The Beckman plan with Elevation "K3". This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner’s suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are three secondary bedrooms along the side of the home, which are comfortable spaces for household members and overnight guests.

  12. 2026-04-25
    price $209,140 509-char remark
    Show marketing remark (509 chars)

    NEW! Lennar Watermill Collection in Timbers Edge! The Beckman plan with Elevation "K3". This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner’s suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are three secondary bedrooms along the side of the home, which are comfortable spaces for household members and overnight guests.

  13. 2026-04-24
    price $209,140 380-char remark
    Show marketing remark (380 chars)

    This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

  14. 2026-04-17
    price $210,140 380-char remark
    Show marketing remark (380 chars)

    This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

  15. 2026-04-16
    price $210,140 509-char remark
    Show marketing remark (509 chars)

    NEW! Lennar Watermill Collection in Timbers Edge! The Beckman plan with Elevation "K3". This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner’s suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are three secondary bedrooms along the side of the home, which are comfortable spaces for household members and overnight guests.

  16. 2026-04-14
    price $213,590 380-char remark
    Show marketing remark (380 chars)

    This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

  17. 2026-04-13
    price $213,590 509-char remark
    Show marketing remark (509 chars)

    NEW! Lennar Watermill Collection in Timbers Edge! The Beckman plan with Elevation "K3". This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner’s suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are three secondary bedrooms along the side of the home, which are comfortable spaces for household members and overnight guests.

  18. 2026-04-10
    price $217,740 380-char remark
    Show marketing remark (380 chars)

    This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

  19. 2026-04-09
    price $217,740 509-char remark
    Show marketing remark (509 chars)

    NEW! Lennar Watermill Collection in Timbers Edge! The Beckman plan with Elevation "K3". This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner’s suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are three secondary bedrooms along the side of the home, which are comfortable spaces for household members and overnight guests.

  20. 2026-04-07
    price $221,290 509-char remark
    Show marketing remark (380 chars)

    This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

  21. 2026-04-07
    price $205,440 509-char remark
    Show marketing remark (380 chars)

    This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

  22. 2026-04-07
    price $221,290 380-char remark
    Show marketing remark (380 chars)

    This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

  23. 2026-04-03
    price $224,840 380-char remark
    Show marketing remark (380 chars)

    This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

  24. 2026-04-02
    price $224,840 509-char remark
    Show marketing remark (509 chars)

    NEW! Lennar Watermill Collection in Timbers Edge! The Beckman plan with Elevation "K3". This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner’s suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are three secondary bedrooms along the side of the home, which are comfortable spaces for household members and overnight guests.

  25. 2026-03-31
    price $228,540 509-char remark
    Show marketing remark (380 chars)

    This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

  26. 2026-03-31
    price $228,540 380-char remark
    Show marketing remark (380 chars)

    This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

  27. 2026-03-30
    price $232,240 380-char remark
    Show marketing remark (380 chars)

    This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

  28. 2026-03-27
    price $232,240 509-char remark
    Show marketing remark (509 chars)

    NEW! Lennar Watermill Collection in Timbers Edge! The Beckman plan with Elevation "K3". This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner’s suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are three secondary bedrooms along the side of the home, which are comfortable spaces for household members and overnight guests.

  29. 2026-03-22
    price $236,040 380-char remark
    Show marketing remark (380 chars)

    This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

  30. 2026-03-20
    price $236,040 509-char remark
    Show marketing remark (509 chars)

    NEW! Lennar Watermill Collection in Timbers Edge! The Beckman plan with Elevation "K3". This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner’s suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are three secondary bedrooms along the side of the home, which are comfortable spaces for household members and overnight guests.

  31. 2026-03-18
    listed $240,000 Active 509-char remark
    Show marketing remark (509 chars)

    NEW! Lennar Watermill Collection in Timbers Edge! The Beckman plan with Elevation "K3". This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner’s suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are three secondary bedrooms along the side of the home, which are comfortable spaces for household members and overnight guests.

  32. 2026-03-17
    price $240,000 380-char remark
    Show marketing remark (380 chars)

    This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

  33. 2026-03-16
    listed $250,990 Active 380-char remark
    Show marketing remark (380 chars)

    This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$22,858
− Mortgage interest
−$10,348
− Property taxes
−$2,771
− Insurance
−$924
− Repairs & maintenance
−$1,829
− Management
−$1,829
− HOA
−$2,304
− Depreciation
−$5,374
Taxable loss
−$2,521
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$605
After-tax cash flow
$1,038/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 · 1 photo

Excellent 95/100 None rehab

This single-family home is in excellent condition with no visible repairs or maintenance needed. It offers a spacious open floorplan and is ready for immediate move-in. Potential buyers and renters will appreciate the curb appeal and interior updates.

Value-add opportunities

  • Both Painting exterior and interior — Enhances curb appeal and interior aesthetics
  • Both Landscaping improvements — Enhances curb appeal and adds value
  • Resale New flooring in bathrooms — Improves appearance and functionality
  • Resale New kitchen appliances — Enhances functionality and appeal

Renovation cost estimate screening

Value-add ROI direction

  • Both Painting exterior and interior — Enhances curb appeal and interior aesthetics
  • Both Landscaping improvements — Enhances curb appeal and adds value
  • Resale New flooring in bathrooms — Improves appearance and functionality
  • Resale New kitchen appliances — Enhances functionality and appeal

ⓘ 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
Splendora ISD
NCES district ID
4841070
Math proficiency
25% ▼ -8.00%
Reading proficiency
31% ▼ -1.00%
Median HH income
$54,166
Composite
24.92/100
National rank
#7572
State rank
#648 of 826 in TX

Livability — Cleveland

Score
61/100
State rank
#1013
US rank
#17943

Category grades

Amenities F Commute F Cost of living A+ Crime D- Employment D- Housing A+ Health & safety C User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

County
Liberty County · 82,189 people
City population
17,208
Metro
Houston-The Woodlands-Sugar Land, TX
Population (ZIP)
42,685
Household income
$62,219
Rent vs Own
14.4% rent · 85.6% own
Severe rent burden
437.0

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 0.57)
Race & ethnicity
Hispanic / Latino 54% White 36% Two or more races 18% Black 8% Native American 2%
Hispanic origin (detail)
Mexican 42%
Common ancestry
Lithuanian 2% Serbian 1% Slovak 0%
Foreign-born
22% · Canada
Languages at home
51% English-only · Spanish 48%

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
▼ -12.39%
Current HPI
224.9222
Rent YoY
▲ 4.00%
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

Price history

-24.9% since first listed
30 events — show timeline
  • 2026-05-12 Price Changed $188,441 Zillow
  • 2026-05-11 Price Changed $188,441 HARMLS
  • 2026-05-06 Price Changed $191,991 Zillow
  • 2026-05-05 Price Changed $191,991 HARMLS
  • 2026-05-01 Price Changed $191,990 Zillow
  • 2026-04-30 Price Changed $191,990 HARMLS
  • 2026-04-28 Price Changed $198,790 Zillow
  • 2026-04-27 Price Changed $198,790 HARMLS
  • 2026-04-25 Price Changed $209,140 HARMLS
  • 2026-04-24 Price Changed $209,140 Zillow
  • 2026-04-17 Price Changed $210,140 Zillow
  • 2026-04-16 Price Changed $210,140 HARMLS
  • 2026-04-14 Price Changed $213,590 Zillow
  • 2026-04-13 Price Changed $213,590 HARMLS
  • 2026-04-10 Price Changed $217,740 Zillow
  • 2026-04-09 Price Changed $217,740 HARMLS
  • 2026-04-07 Price Changed $221,290 HARMLS
  • 2026-04-07 Price Changed $205,440 HARMLS
  • 2026-04-07 Price Changed $221,290 Zillow
  • 2026-04-03 Price Changed $224,840 Zillow
  • 2026-04-02 Price Changed $224,840 HARMLS
  • 2026-03-31 Price Changed $228,540 HARMLS
  • 2026-03-31 Price Changed $228,540 Zillow
  • 2026-03-30 Price Changed $232,240 Zillow
  • 2026-03-27 Price Changed $232,240 HARMLS
  • 2026-03-22 Price Changed $236,040 Zillow
  • 2026-03-20 Price Changed $236,040 HARMLS
  • 2026-03-18 Listed $240,000 HARMLS
  • 2026-03-17 Price Changed $240,000 Zillow
  • 2026-03-16 Listed $250,990 Zillow

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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