Plan 1943 Plan · Richmond, TX 77406

$307,995

3 bd · 2.0 ba · 1,943 sqft · SingleFamily · 94 Days on market

Good condition Garage

---

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 +7.9/30.0
• ARV discount +7.5/15.0
• Schools +6.4/10.0
• Condition / age +4.0/5.0
• Livability +3.5/5.0
• 1% rule +2.4/10.0
• Rent growth +2.1/5.0
• DSCR +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks

* Den * Low-E windows * Tankless water heater * Gas range * Stainless steel appliances * Smart thermostat * Open floor plan * Granite kitchen countertops * Kitchen USB charging port * Extra storage space * 5-panel interior doors * ENERGY STAR® certified home * Close to family friendly parks * Commuter-friendly location * Near local schools * Playground * Pavilion * Splash pad

Key facts

• Open floor plan
• Low-e windows
• Smart thermostat

Tags

• LOW-E WINDOWS
• TANKLESS WATER HEATER
• GAS RANGE
• STAINLESS STEEL APPLIANCES
• SMART THERMOSTAT
• OPEN FLOOR PLAN

🏗️ New construction. The $307,995 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $341,949.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $308k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-372 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $288k (6.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $252k (18.2% below list).
• Recommended offer: $252k (18.2% below list) — sets the bar for 1% rule.
• Cap rate 5.0% vs local median 2.8% in Richmond — 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 70/100 on livability (#363 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B+; Watch: crime C-, amenities F, commute F.
• Lamar CISD (suburban): math 50% / reading 53% proficiency, ranked #116 of 826 in TX (top 14%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Joe Hubenak El (math 57% / reading 61%, grade B-, #455 of 4,322 statewide, top 11%, 1,214 students, 37% FRL); Briscoe J H (math 59% / reading 60%, grade B, #166 of 1,662 statewide, top 11%, 1,914 students, 38% FRL); Foster H S (math 64% / reading 74%, grade B, #141 of 1,632 statewide, top 9%, 2,388 students, 34% FRL).
• Market conditions: Rents soft (-1.6%/yr); 1487 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 93d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 12,093 units permitted in Fort Bend County in 2024 (815 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Fort Bend County population projected at +75% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 94 days — a 9% lower offer ($280k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $252,058 (18.2% below list)

Questions for the listing agent

1. 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?
2. It's been on market 94 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
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. 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: 0.74% ✗
• Cap rate: 4.99%
• Cash-on-cash: -4.66%
• DSCR: 0.79
• GRM: 11.3

CMA / ARV

• ARV (median comp): $341,949
• List price: $307,995
• Delta: -9.93%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
25127 Farmdale Ln	0.19mi	4/2.0 (+1)	1,904 (-2%)	11mo	$350,000	$184	73
25410 Western Sage Ln	0.10mi	3/2.0	2,158 (+11%)	5mo	$345,500	$160	73
25319 Western Sage Ln	0.08mi	3/2.0	1,652 (-15%)	11mo	$299,000	$181	62
10215 Hidden Lake Ln	0.31mi	3/2.5	2,116 (+9%)	21mo	$890,000	$421	51
11010 Heartland Grove Dr	0.75mi	4/2.0 (+1)	2,014 (+4%)	4mo	$275,000	$137	51
10911 Reston Point Dr	0.72mi	3/2.0	2,074 (+7%)	18mo	$355,000	$171	40
26003 Horizon Star Ln	0.73mi	3/2.0	1,721 (-11%)	19mo	$349,990	$203	31
10502 Skyward Estate Trl	0.67mi	4/2.0 (+1)	1,721 (-11%)	21mo	$349,990	$203	27
26007 Hawking Vista Rd	0.75mi	3/2.0	1,700 (-12%)	21mo	$340,000	$200	27
25910 Hawking Vista Rd	0.70mi	3/2.0	1,700 (-12%)	23mo	$389,408	$229	27
25930 Dawning Torch Trce	0.75mi	4/2.0 (+1)	1,721 (-11%)	19mo	$367,990	$214	25
10434 Skyward Estate Trl	0.66mi	4/3.0 (+1)	2,160 (+11%)	20mo	$389,990	$181	25

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -27.6%
• Equity multiple: 0.10×
• Total profit: $-86,444
• Equity at exit: $50,986

10-year hold

• IRR: -41.9%
• Equity multiple: -0.40×
• Total profit: $-134,164
• Equity at exit: $29,565

Cash invested: $95,746 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 23 active · 13 under contract
• Months of supply: 9.2 mo (11%/mo absorbed)
• Median asking: $313,995 ($179/sqft)
• Median days on market: 61 d
• This list price: 35% of active listings are priced below it
• ARV vs active asking: -1.4% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 77406

• Home prices YoY: -26.2%
• Rents YoY: -1.6%
• Active inventory: 1487
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $2,521 medium
• Mortgage (P&I): −$1,793
• Tax est. 1.5%: −$427 /mo · $5,129/yr
• Insurance: −$142
• HOA: −$0
• Vacancy / Maint / Mgmt: −$529
• Net cashflow: $-372

Break-even live

Break-even rent $2,991

Max offer price $288,138

Occupancy floor —

Sensitivity live

Price	-10% $-136	-5% $-254	+0% $-372	+5% $-490	+10% $-608
Rent	-10% $-571	-5% $-471	+0% $-372	+5% $-272	+10% $-173
Rate	-1.0pp $-200	-0.5pp $-285	base $-372	+0.5pp $-460	+1.0pp $-551

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: $85,487
• Closing costs: $10,258
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10503 Shinning Dawn Way Richmond, TX	4.0	3.5	2523	$3,399	$1.35	93d	1	0.81mi
25810 Palmdale Estate Dr Richmond, TX	4.0	2.0	2008	$2,350	$1.17	93d	1	0.89mi
26831 Chandrila Vista CT Richmond, TX	3.0	2.0	1740	$2,300	$1.32	12d	1	1.20mi
11602 Darby Chase Trl Richmond, TX	4.0	2.0	1910	$2,550	$1.34	93d	1	1.41mi

Property features AI

Finance

• Financial info: List price $315,995

Exterior

• Parking: 2 garage spaces (2 parking total)
• Home design: Single-family plan (Plan 1943)Located at 25403 Tanner Falls Dr, Richmond, TX 77406
• Exterior features: Living area approximately 1943 (listed)

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 bathrooms
• Interior features: Active new construction plan

Listing history 50 events

1. 2026-08-08
   days on market $307,995 Active 94 DOM
2. 2026-08-06
   days on market $307,995 Active 92 DOM
3. 2026-08-05
   days on market $307,995 Active 91 DOM
4. 2026-08-04
   days on market $307,995 Active 90 DOM
5. 2026-08-03
   days on market $307,995 Active 89 DOM
6. 2026-07-31
   days on market $307,995 Active 86 DOM
7. 2026-07-30
   days on market $307,995 Active 84 DOM
8. 2026-07-28
   days on market $307,995 Active 83 DOM
9. 2026-07-26
   days on market $307,995 Active 81 DOM
10. 2026-07-24
    days on market $307,995 Active 79 DOM
11. 2026-07-23
    days on market $307,995 Active 78 DOM
12. 2026-07-22
    days on market $307,995 Active 77 DOM
13. 2026-07-21
    days on market $307,995 Active 76 DOM
14. 2026-07-20
    days on market $307,995 Active 75 DOM
15. 2026-07-18
    days on market $307,995 Active 72 DOM
16. 2026-07-16
    days on market $307,995 Active 71 DOM
17. 2026-07-15
    days on market $307,995 Active 70 DOM
18. 2026-07-14
    days on market $307,995 Active 69 DOM
19. 2026-07-13
    days on market $307,995 Active 68 DOM
20. 2026-07-13
    days on market $307,995 Active 67 DOM
21. 2026-07-11
    days on market $307,995 Active 66 DOM
22. 2026-07-10
    days on market $307,995 Active 65 DOM
23. 2026-07-09
    days on market $307,995 Active 64 DOM
24. 2026-07-07
    days on market $307,995 Active 62 DOM
25. 2026-07-06
    days on market $307,995 Active 61 DOM
26. 2026-07-06
    days on market $307,995 Active 60 DOM
27. 2026-07-05
    days on market $307,995 Active 59 DOM
28. 2026-07-04
    price $307,995 Active 58 DOM
29. 2026-07-03
    days on market $317,995 Active 58 DOM
30. 2026-07-02
    days on market $317,995 Active 57 DOM
31. 2026-07-01
    days on market $317,995 Active 56 DOM
32. 2026-06-30
    days on market $317,995 Active 55 DOM
33. 2026-06-29
    days on market $317,995 Active 54 DOM
34. 2026-06-28
    days on market $317,995 Active 53 DOM
35. 2026-06-27
    days on market $317,995 Active 52 DOM
36. 2026-06-26
    days on market $317,995 Active 51 DOM
37. 2026-06-24
    days on market $317,995 Active 49 DOM
38. 2026-06-22
    days on market $317,995 Active 47 DOM
39. 2026-06-21
    days on market $317,995 Active 46 DOM
40. 2026-06-18
    days on market $317,995 Active 43 DOM
41. 2026-06-17
    days on market $317,995 Active 42 DOM
42. 2026-06-16
    days on market $317,995 Active 41 DOM
43. 2026-06-15
    days on market $317,995 Active 40 DOM
44. 2026-06-13
    days on market $317,995 Active 38 DOM
45. 2026-06-10
    days on market $317,995 Active 34 DOM
46. 2026-06-08
    days on market $317,995 Active 33 DOM
47. 2026-06-07
    days on market $317,995 Active 32 DOM
48. 2026-06-04
    days on market $317,995 Active 29 DOM
49. 2026-06-03
    days on market $317,995 Active 28 DOM
50. 2026-06-02
    days on market $317,995 Active 27 DOM

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 71% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,247
• − Mortgage interest: −$19,154
• − Property taxes: −$5,129
• − Insurance: −$1,710
• − Repairs & maintenance: −$2,420
• − Management: −$2,420
• − Depreciation: −$9,948
• Taxable loss: −$10,534
• Est. tax savings @ 24.0%: +$2,528
• After-tax cash flow: $-1,934/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

Good 80/100 Cosmetic rehab Est. rehab $9,715–$29,145 screening

This home is in good condition with recent updates and a smart home setup, making it a strong candidate for both resale and rental.

Value-add opportunities

• Both Smart home integration — Enhances both resale and rental appeal ↑
• Both Landscaping improvements — Enhances curb appeal and property value ↑
• Both Smart home security system — Enhances safety and appeal ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

C Composite school gradezoned avg 64/100

Zoned Schools

Elementary Joe Hubenak El B- TX #455/4,322 Nat'l #8,048/41,679 High Foster H S B TX #141/1,632 Nat'l #2,354/17,239

Schools (NCES district)

• District: Lamar CISD
• NCES district ID: 4826580
• Math proficiency: 50% ▼ -12.00%
• Reading proficiency: 53% ▼ -4.00%
• Median HH income: $75,213
• Composite: 46.43/100
• National rank: #2452
• State rank: #116 of 826 in TX

B Composite livability gradescore 70/100

Livability — Richmond

• Score: 70/100
• State rank: #363
• US rank: #7780

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Fort Bend County · 1,004,526 people
• City population: 158,237
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 69,918
• Household income: $141,869
• Rent vs Own: 14.4% rent · 85.6% own
• Severe rent burden: 4% of renters

---

Population outlook (Fort Bend County) Hauer SSP2

• Today (2025): 1,004,526 people
• By 2030: 1,153,104 · +14.8%
• By 2040: 1,453,718 · +44.7%
• By 2050: 1,753,781 · +74.6%
• By 2075: 2,455,772 · +144.5%
• By 2100: 2,930,528 · +191.7%

---

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: White 43% Hispanic / Latino 26% Two or more races 15% Black 14% Asian 12%
• Hispanic origin (detail): Mexican 18% Puerto Rican 1%
• Common ancestry: Lithuanian 2% Romanian 1% Iranian 1%
• Foreign-born: 17% · Canada, Vietnam, China
• Languages at home: 73% English-only · Spanish 14% Other Indo-European 3% Vietnamese 2%

---

Political lean MEDSL · Fort Bend

• 2024 margin: Toss-up / Even · D 49.5% · R 47.9% · Other 2.6%
• 2008→2024 swing: +4.0pp toward D · 2008: -2.4pp · 2024: 1.6pp
• All cycles: 2024: D+1.6 2020: D+10.6 2016: D+6.6 2012: R+6.8 2008: R+2.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -79.18%
• Current HPI: 222.9525
• Rent YoY: ▼ -1.61%
• 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

Property features AI

Finance

• Financial info: List price $315,995

Exterior

• Parking: 2 garage spaces (2 parking total)
• Home design: Single-family plan (Plan 1943)Located at 25403 Tanner Falls Dr, Richmond, TX 77406
• Exterior features: Living area approximately 1943 (listed)

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 bathrooms
• Interior features: Active new construction plan