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7043 Coneflower Crk
D Composite 40.75
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 +6.0/30.0
  • Schools +5.4/10.0
  • Condition / age +4.0/5.0
  • 1% rule +3.9/10.0
  • Livability +3.8/5.0
  • Rent growth +2.3/5.0
  • DSCR +0.4/10.0
  • Appreciation +0.0/10.0

$300,000

7043 Coneflower Crk · Katy, TX 77493
3 bd · 2.0 ba · 1,714 sqft · SingleFamily public records · 3 Days on market
Built 2020 Good condition 4,856 sqft lot 2-car garage $175/sqft · 27% below area Est $409k · 27% under $117/mo HOA · 4% of rent ↓ 10% since listing

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

Listing remarks

Located on a quiet cul-de-sac in the master-planned community of Elyson, 7043 Coneflower Creek offers modern design, thoughtful layout, and exceptional neighborhood amenities. Built in 2020 by Chesmar Homes, this 3-bedroom, 2-bath home features 1,714 square feet with an open-concept layout connecting the living room, kitchen, and dining area. The kitchen includes quartz countertops, white cabinetry, stainless appliances, a large island with seating, pantry, and herringbone tile backsplash. Wood-look tile flooring runs throughout the main living areas, adding durability and style. The primary suite offers a spacious bedroom, dual-sink vanity, and walk-in shower, plus a large walk-in closet.

Key facts

  • Quartz countertops
  • Quiet cul-de-sac
  • Stainless appliances

Tags

QUIET CUL-DE-SACMASTER-PLANNED COMMUNITYOPEN-CONCEPT LAYOUTQUARTZ COUNTERTOPSWHITE CABINETRYSTAINLESS APPLIANCES

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $300k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-571 ($-7k/yr) — negative.
  • To cash-flow at today's rent, offer at most $206k (31.5% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $266k (11.4% below list).
  • Recommended offer: $206k (31.5% below list) — sets the bar for cash-flow.
  • Cap rate 4.0% vs local median 3.3% in Katy — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

  • Location reads 76/100 on livability (#111 in TX, #3,613 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: crime C-, amenities D, commute F.
  • Katy ISD (suburban): math 61% / reading 63% proficiency, ranked #29 of 826 in TX (top 4%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
  • Zoned schools: Robert King El (math 41% / reading 44%, grade F, #1,313 of 4,322 statewide, top 31%, 981 students, 68% FRL); Katy J H (math 52% / reading 51%, grade C, #318 of 1,662 statewide, top 20%, 1,094 students, 53% FRL); Katy H S (math 62% / reading 74%, grade B, #150 of 1,632 statewide, top 10%, 3,330 students, 38% FRL) — zoned schools average 53% FRL vs 27% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents soft (-0.8%/yr); 3403 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 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 $2k of loan paydown is wiped out by about $9k 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

  • Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
  • 8 sale attempts since 5y 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: property tax is 3.4% of price.
  • Climate carrying-cost: 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 $205,530 (31.5% 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. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  6. 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?
  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
0.89%
Cap rate
4.01%
Cash-on-cash
-8.16%
DSCR
0.64
GRM
9.4

CMA / ARV

ARV (median comp)
$409,272
List price
$300,000
Delta
-26.70%
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
24019 Breezy Bank Trl 0.64mi 3/2.0 1,714 (0%) 0mo $327,440 $191 70
6822 Greenwood Valley Pl 0.31mi 3/2.0 1,818 (+6%) 7mo $362,000 $199 70
24003 Breezy Bank Trl 0.62mi 3/2.0 1,714 (0%) 5mo $353,915 $206 67
7635 Meadow Mouse Ln 0.69mi 3/2.0 1,714 (0%) 3mo $322,565 $188 65
7610 Meadow Mouse Ln 0.64mi 3/2.0 1,756 (+2%) 7mo $343,265 $195 60
24227 Tallgrass Meadow Trl 0.57mi 3/2.0 1,618 (-6%) 8mo $317,000 $196 58
6723 Barrington Creek Trce 0.63mi 3/2.0 1,781 (+4%) 8mo $329,999 $185 57
7655 Meadow Mouse Ln 0.70mi 3/2.5 1,817 (+6%) 4mo $343,265 $189 52
7611 Meadow Mouse Ln 0.66mi 4/2.5 (+1) 1,910 (+11%) 4mo $339,690 $178 39
7627 Meadow Mouse Ln 0.68mi 4/2.5 (+1) 1,910 (+11%) 4mo $328,940 $172 39
7638 Meadow Mouse Ln 0.67mi 4/2.5 (+1) 1,910 (+11%) 8mo $315,000 $165 36
7654 Meadow Mouse Ln 0.69mi 4/2.5 (+1) 1,910 (+11%) 8mo $315,000 $165 35

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
-35.2%
Equity multiple
-0.10×
Total profit
$-92,377
Equity at exit
$44,731
10-year hold
IRR
-79.2%
Equity multiple
-0.85×
Total profit
$-155,740
Equity at exit
$25,939

Cash invested: $84,000 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
38 active · 18 under contract
Months of supply
14.2 mo (7%/mo absorbed)
Median asking
$349,990 ($190/sqft)
Median days on market
85 d
This list price
5% of active listings are priced below it
ARV vs active asking
+25.4% above current asking $/sqft

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

ZIP-level market 77493

Rents YoY
-0.8%
Active inventory
3403
Price-to-rent
9.4×

Monthly cashflow live

Estimated rent
$2,659 high interval (Pro) →
Mortgage (P&I)
$1,573
Tax from tax record
$856 /mo · $10,277/yr
Insurance
$125
HOA
$117
Vacancy / Maint / Mgmt
$558
Net cashflow
$-571

Break-even live

Break-even rent $3,382
Max offer price $205,530
Occupancy floor

Sensitivity live

Price -10% $-401 -5% $-486 +0% $-571 +5% $-656 +10% $-741
Rent -10% $-781 -5% $-676 +0% $-571 +5% $-466 +10% $-361
Rate -1.0pp $-420 -0.5pp $-495 base $-571 +0.5pp $-649 +1.0pp $-728

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
$75,000
Closing costs
$9,000
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 5 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
24114 Blooming Daisy Cir Katy, TX 4.0 3.0 1500 $3,300 $2.20 93d 1 0.80mi
7706 Cattail Shallows Ln Katy, TX 3.0 3.0 1979 $1,800 $0.91 19d 1 0.83mi
22700 Elyson Falls Dr Katy, TX 2.0–4.0 2.0–3.0 1658 $2,478 $1.49 7d 1 1.08mi
5938 First Blush Dr Katy, TX 3.0 2.0 1288 $2,500 $1.94 4d 1 1.30mi
6123 Severson Lake Ct Katy, TX 4.0 3.0 2168 $3,100 $1.43 37d 1 1.43mi

Property features AI

Finance

HOA & community
Association: Cohere LifeAnnual association feeAssociation amenities: clubhouse, fitness center, community pool, playground, dog park, park, trails, picnic area, meeting/banquet/party room, party room, basketball court, sport court, pickleball, tennis courts, trash service

Exterior

Parking
Attached 2-car garageDrivewayGarage with garage door opener
Security
Leased security systemSmoke detector(s)
Utilities
Public waterPublic sewer
Home design
Residential propertyFull ownershipSlab foundationComposition roofBuilt in 2020Located on a cul-de-sacSubdivision settingPond on lotSide yard
Construction
Brick constructionYear built 2020Slab foundationComposition roof
Exterior features
Covered patioDeckFully fenced backyardFenceSprinkler/irrigationPaved drivewayPorchPatioPrivate yardTennis court(s) (community)Association pool

Interior

Kitchen
DishwasherGas cooktopGas ovenMicrowaveGarbage disposalRefrigeratorENERGY STAR qualified appliances
Bedrooms
Primary bedroom (first level) — 15 x 13Bedroom (first level) — 11 x 13
Flooring
CarpetTile
Bathrooms
2 full bathrooms
Heating & cooling
Central heating (gas)Central air (electric)Has heatingHas cooling
Interior features
Breakfast barHigh ceilingsKitchen islandKitchen/family room comboPantryQuartz countersSeparate showerTub/showerWindow treatmentsCeiling fan(s)Kitchen/dining comboLow emissivity windowsWindow coverings
Laundry & utility
WasherDryerWasher hookupElectric dryer hookupGas dryer hookupUtility room (first level) — 8 x 6

Listing history 50 events

  1. 2026-08-08
    days on market $300,000 Active 3 DOM
  2. 2026-08-05
    days on marketlisting id $300,000 Active 1 DOM
  3. 2026-08-05
    days on market $300,000 Active 29 DOM
  4. 2026-08-04
    days on market $300,000 Active 28 DOM
  5. 2026-08-03
    days on market $300,000 Active 27 DOM
  6. 2026-07-31
    days on market $300,000 Active 24 DOM
  7. 2026-07-30
    days on market $300,000 Active 23 DOM
  8. 2026-07-30
    days on market $300,000 Active 22 DOM
  9. 2026-07-28
    days on market $300,000 Active 21 DOM
  10. 2026-07-26
    days on market $300,000 Active 19 DOM
  11. 2026-07-24
    days on market $300,000 Active 17 DOM
  12. 2026-07-23
    days on market $300,000 Active 16 DOM
  13. 2026-07-22
    days on market $300,000 Active 15 DOM
  14. 2026-07-21
    days on market $300,000 Active 14 DOM
  15. 2026-07-20
    days on market $300,000 Active 13 DOM
  16. 2026-07-18
    days on market $300,000 Active 11 DOM
  17. 2026-07-18
    days on market $300,000 Active 10 DOM
  18. 2026-07-16
    days on market $300,000 Active 9 DOM
  19. 2026-07-15
    days on market $300,000 Active 8 DOM
  20. 2026-07-14
    days on market $300,000 Active 7 DOM
  21. 2026-07-13
    days on market $300,000 Active 6 DOM
  22. 2026-07-13
    days on market $300,000 Active 5 DOM
  23. 2026-07-11
    days on market $300,000 Active 4 DOM
  24. 2026-07-10
    days on market $300,000 Active 3 DOM
  25. 2026-07-09
    days on market $300,000 Active 2 DOM
  26. 2026-07-07
    pricedays on marketlisting id $300,000 Active 1 DOM
  27. 2026-07-07
    days on market $315,000 Active 41 DOM
  28. 2026-07-06
    days on market $315,000 Active 40 DOM
  29. 2026-07-06
    days on market $315,000 Active 39 DOM
  30. 2026-07-05
    days on market $315,000 Active 38 DOM
  31. 2026-07-03
    days on market $315,000 Active 37 DOM
  32. 2026-07-02
    days on market $315,000 Active 36 DOM
  33. 2026-07-01
    days on market $315,000 Active 35 DOM
  34. 2026-06-30
    days on market $315,000 Active 34 DOM
  35. 2026-06-29
    days on market $315,000 Active 33 DOM
  36. 2026-06-28
    days on market $315,000 Active 32 DOM
  37. 2026-06-27
    days on market $315,000 Active 31 DOM
  38. 2026-06-26
    days on market $315,000 Active 30 DOM
  39. 2026-06-24
    days on market $315,000 Active 28 DOM
  40. 2026-06-22
    days on market $315,000 Active 26 DOM
  41. 2026-06-21
    days on market $315,000 Active 25 DOM
  42. 2026-06-18
    days on market $315,000 Active 22 DOM
  43. 2026-06-17
    days on market $315,000 Active 21 DOM
  44. 2026-06-16
    days on market $315,000 Active 20 DOM
  45. 2026-06-15
    days on market $315,000 Active 19 DOM
  46. 2026-06-13
    days on market $315,000 Active 17 DOM
  47. 2026-06-09
    days on market $315,000 Active 13 DOM
  48. 2026-06-08
    days on market $315,000 Active 12 DOM
  49. 2026-06-07
    days on market $315,000 Active 11 DOM
  50. 2026-06-04
    days on market $315,000 Active 8 DOM

ⓘ 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
$10,277 · $856/mo
Projected year-2 tax
$10,277 · $856/mo
Expected delta
$0/yr ($0/mo · 0.0%)

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

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 3/10 Moderate
  • 🌡 Heat 9/10 Extreme 7 d/yr ≥110°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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$31,905
− Mortgage interest
−$16,805
− Property taxes
−$10,277
− Insurance
−$1,500
− Repairs & maintenance
−$2,552
− Management
−$2,552
− HOA
−$1,404
− Depreciation
−$8,727
Taxable loss
−$11,912
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$2,859
After-tax cash flow
$-3,995/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 $8,570–$25,710 screening

This 2020-built single-family home in Elyson is in excellent condition with modern design and thoughtful layout. It offers a good return on investment with minor updates to enhance curb appeal and modernize the kitchen.

Value-add opportunities

  • Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics
  • Both Landscaping improvements — Enhances curb appeal and adds value
  • Resale Replace herringbone tile backsplash with modern material — Modernizes kitchen and adds value
  • Both Install smart home features — Improves convenience and adds value

ⓘ 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.

D Composite school gradezoned avg 54/100

Zoned Schools

Elementary Robert King El F TX #1,313/4,322 Nat'l #17,692/41,679 Middle Katy J H C TX #318/1,662 Nat'l #3,192/14,009 High Katy H S B TX #150/1,632 Nat'l #2,439/17,239

Schools (NCES district)

District
Katy ISD
NCES district ID
4825170
Math proficiency
61% ▼ -7.00%
Reading proficiency
63% ▼ -3.00%
Median HH income
$90,312
Composite
56.59/100
National rank
#1146
State rank
#29 of 826 in TX
B Composite livability gradescore 76/100

Livability — Katy

Score
76/100
State rank
#111
US rank
#3613

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

County
Harris County · 5,571,493 people
City population
413,575
Metro
Houston-The Woodlands-Sugar Land, TX
Population (ZIP)
71,484
Household income
$118,464
Rent vs Own
20.4% rent · 79.6% own
Severe rent burden
21% of renters

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
Highly diverse neighborhood (Simpson 0.73)
Race & ethnicity
White 36% Hispanic / Latino 33% Two or more races 16% Black 15% Asian 12%
Hispanic origin (detail)
Mexican 20%
Common ancestry
Lithuanian 2% Slovak 1% Italian 1%
Foreign-born
21% · Canada, Vietnam, Jamaica
Languages at home
64% English-only · Spanish 22% Vietnamese 5% French/Haitian/Cajun 4%

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

Price history

-10.4% since first listed
21 events — show timeline
  • 2026-07-07 Listing Removed HARMLS
  • 2026-07-07 Listed $300,000 HARMLS
  • 2026-05-27 Listing Removed HARMLS
  • 2026-05-27 Listed $315,000 HARMLS
  • 2026-04-30 Listing Removed HARMLS
  • 2026-04-30 Listed $325,000 HARMLS
  • 2026-04-07 Listing Removed HARMLS
  • 2026-04-07 Listed $325,000 HARMLS
  • 2026-03-13 Listed $325,000 HARMLS
  • 2026-03-08 Listing Removed HARMLS
  • 2026-02-26 Price Changed $324,900 HARMLS
  • 2026-02-24 Rental Removed $2,400 HARMLS
  • 2026-02-04 Listed $340,860 HARMLS
  • 2026-01-28 Price Changed $2,400 HARMLS
  • 2026-01-20 Price Changed $2,450 HARMLS
  • 2026-01-10 Listed for Rent $2,550 HARMLS
  • 2022-01-21 Sold (Public Records) Public Records
  • 2022-01-17 Sold (MLS) HARMLS
  • 2021-12-29 Pending HARMLS
  • 2021-12-20 Pending HARMLS
  • 2021-12-11 Listed $334,990 HARMLS

Property tax history

+26.7%/yr

Latest (2025): $10,277 · -10.1% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…