13362 Emporia St · Houston, TX 77015

$99,000

2 bd · 1.0 ba · 1,088 sqft · SingleFamily public records · 2 Days on market

Built 1951 7,200 sqft lot Est $157k · 37% under

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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).

• Cash flow +19.4/30.0
• ARV discount +15.0/15.0
• 1% rule +7.6/10.0
• DSCR +6.1/10.0
• Livability +3.7/5.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity comes knocking!!! 13362 Emporia Street great fixer-upper for an investor! Vacant home ready to renovate & sell in thriving market! Just off of I-10 with lots of potential!! Fabulous ARV & Rental income! TLC needed! Property sits on a spacious lot on . 17 acres. BRING ALL OFFERS! Hurry to get your hands on this one!

Key facts

• 7,200 sq ft lot
• Built 1951
• Listed 2 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $99k.

Deal economics

• At list price, monthly cash flow is $111 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $99k).
• Cap rate 7.6% 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.
• Galena Park ISD (suburban): math 32% / reading 33% proficiency, ranked #578 of 826 in TX (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: North Shore Middle (math 35% / reading 35%, grade F, #842 of 1,662 statewide, top 51%, 1,260 students, 87% FRL); North Shore Senior High (math 35% / reading 40%, grade F, #888 of 1,632 statewide, top 55%, 4,569 students, 86% FRL).
• Market conditions: Rents soft (-0.8%/yr); 162 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 $684 of loan paydown is wiped out by about $3k 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 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 3.8% of price; built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; 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.

Recommended offer $99,000

Questions for the listing agent

1. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.26% ✓
• Cap rate: 7.64%
• Cash-on-cash: 4.82%
• DSCR: 1.21
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $156,672
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
13125 Joliet St	0.42mi	3/1.5 (+1)	1,064 (-2%)	3mo	$185,000	$174	67
13339 Emporia St	0.07mi	3/1.0 (+1)	950 (-13%)	10mo	$135,000	$142	62
821 Evanston St	0.33mi	3/1.0 (+1)	1,032 (-5%)	12mo	$148,000	$143	61
13229 Vicksburg St	0.29mi	3/2.0 (+1)	1,153 (+6%)	11mo	$149,000	$129	58
13137 Vicksburg St	0.36mi	3/2.0 (+1)	1,134 (+4%)	16mo	$198,000	$175	54
13327 Halifax St	0.48mi	3/1.0 (+1)	1,212 (+11%)	0mo	$175,000	$144	53
12913 Joliet St	0.61mi	3/1.0 (+1)	1,076 (-1%)	16mo	$189,000	$176	51
13725 Corpus Christi St	0.47mi	3/1.5 (+1)	1,200 (+10%)	8mo	$115,000	$96	47
13522 Boise St St	0.53mi	3/1.0 (+1)	1,220 (+12%)	4mo	$115,000	$94	46
13306 Force St	0.53mi	3/1.0 (+1)	1,176 (+8%)	13mo	$199,900	$170	46
706 Redondo Dr	0.63mi	3/1.0 (+1)	1,198 (+10%)	7mo	$167,900	$140	43
501 Evanston St	0.68mi	3/1.0 (+1)	1,206 (+11%)	15mo	$187,500	$155	33

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: -12.9%
• Equity multiple: 0.55×
• Total profit: $-12,462
• Equity at exit: $14,761

10-year hold

• IRR: -11.0%
• Equity multiple: 0.45×
• Total profit: $-15,255
• Equity at exit: $8,560

Cash invested: $27,720 (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 77015

• Home prices YoY: -10.8%
• Rents YoY: -0.8%
• Active inventory: 162
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,243 high
• Mortgage (P&I): −$519
• Tax from tax record: −$310 /mo · $3,718/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $111

Break-even live

Break-even rent $1,102

Max offer price $99,000

Occupancy floor 86%

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13025 Joliet St Unit A Houston, TX	1.0	1.0	842	$925	$1.10	24d	1	0.50mi
13025 Joliet St Unit B Houston, TX	3.0	1.0	1000	$2,098	$2.10	10d	1	0.50mi
13433 Topeka St Unit 1510879P Houston, TX	2.0	2.0	1420	$1,767	$1.24	2d	1	0.56mi
13925 Alderson St Houston, TX	2.0	1.0	700	$1,273	$1.82	3d	1	0.84mi
13925 Alderson St Houston, TX	1.0	1.0	730	$824	$1.13	15d	1	0.84mi
353 Audrey Ln Unit 383 Houston, TX	2.0	2.5	1224	$1,400	$1.14	43d	1	0.94mi
353 Audrey Ln Unit 365 1/2 Houston, TX	2.0	1.0	800	$1,375	$1.72	43d	1	0.94mi
695 Normandy St Houston, TX	1.0–2.0	1.0–2.0	788	$1,200	$1.52	12d	30	0.95mi
13161 Woodforest Blvd Houston, TX	2.0	2.0	965	$1,058	$1.10	43d	1	0.96mi
799 Normandy St Houston, TX	1.0–2.0	1.0–2.0	843	$1,387	$1.65	2d	13	0.97mi
555 Normandy St Houston, TX	1.0–2.0	1.0–2.0	745	$1,385	$1.86	2d	23	1.01mi
561 Normandy St Houston, TX	2.0	2.0	940	$1,200	$1.28	22d	1	1.02mi
561 Normandy St Houston, TX	2.0	2.0	940	$1,200	$1.28	43d	1	1.02mi
12905 Woodforest Blvd Houston, TX	2.0	1.0	886	$1,098	$1.24	20d	2	1.08mi
12955 Woodforest Blvd Unit 305 Houston, TX	1.0	1.0	728	$975	$1.34	24d	1	1.09mi
536 Normandy St Houston, TX	2.0	2.0	860	$1,144	$1.33	43d	1	1.10mi
12800 Woodforest Blvd Unit 12857 Houston, TX	2.0	2.0	850	$1,126	$1.32	2d	1	1.10mi
12800 Woodforest Blvd Unit 12833 Houston, TX	3.0	2.0	1200	$1,366	$1.14	2d	1	1.10mi
794 Normandy St Houston, TX	1.0–2.0	1.0–2.0	742	$1,255	$1.69	2d	27	1.14mi
316 White Cedar St Houston, TX	3.0	2.0	1158	$1,496	$1.29	43d	1	1.15mi
316 White Cedar St Houston, TX	1.0	1.0	712	$1,035	$1.45	19d	1	1.15mi
316 White Cedar St Houston, TX	3.0	2.0	1158	$1,496	$1.29	19d	1	1.15mi
316 White Cedar St Houston, TX	1.0	1.0	712	$1,035	$1.45	22d	1	1.15mi
316 White Cedar St Houston, TX	2.0	2.0	1028	$1,306	$1.27	24d	1	1.15mi
12516 Orleans St Houston, TX	2.0	2.0	995	$1,275	$1.28	24d	1	1.16mi
250 Uvalde Rd Houston, TX	1.0–3.0	1.0–2.0	909	$1,039	$1.14	2d	26	1.16mi
456 Normandy St Houston, TX	1.0	1.0	734	$1,099	$1.50	43d	1	1.22mi
13464 Castilian Dr #2 Houston, TX	3.0	1.5	1440	$1,195	$0.83	12d	1	1.38mi
14448 Bonham St Unit 1 Houston, TX	1.0	1.0	750	$825	$1.10	2d	1	1.38mi

Listing history 6 events

1. 2025-06-24
   status Pending
2. 2023-07-12
   status Pending
3. 2023-07-10
   listed $99,000 Active
4. 2008-08-15
   soldstatus
5. 2002-10-01
   soldstatus
6. 1988-01-02
   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: $3,718 · $310/mo
• Projected year-2 tax: $3,718 · $310/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 5/10 Major FEMA zone X (shaded) · 26% 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,910
• − Mortgage interest: −$5,546
• − Property taxes: −$3,718
• − Insurance: −$495
• − Repairs & maintenance: −$1,193
• − Management: −$1,193
• − Depreciation: −$2,880
• Taxable loss: −$114
• Est. tax savings @ 24.0%: +$27
• After-tax cash flow: $1,363/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: Galena Park ISD
• NCES district ID: 4820250
• Math proficiency: 32% ▼ -20.00%
• Reading proficiency: 33% ▼ -7.00%
• Median HH income: $43,158
• Composite: 27.62/100
• National rank: #6927
• State rank: #578 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

• 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): 58,415
• Household income: $57,753
• Rent vs Own: 46.8% rent · 53.2% own
• Severe rent burden: 1816.0

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: Predominantly Hispanic (77%)
• Race & ethnicity: Hispanic / Latino 77% Two or more races 54% Black 14% White 6% Asian 1% Native American 1%
• Hispanic origin (detail): Mexican 60% Cuban 2%
• Foreign-born: 33% · Canada, Vietnam
• Languages at home: 31% English-only · Spanish 68% Vietnamese 1%

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: ▼ -36.47%
• Current HPI: 300.1821
• Rent YoY: ▼ -0.83%
• 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

6 events — show timeline

• 2025-06-24 Pending — HARMLS
• 2023-07-12 Pending — HARMLS
• 2023-07-10 Listed $99,000 HARMLS
• 2008-08-15 Sold (Public Records) — Public Records
• 2002-10-01 Sold (Public Records) — Public Records
• 1988-01-02 Sold (Public Records) — Public Records

Property tax history

+7.9%/yr

Latest (2025): $3,718 · +14.3% YoY. Source: county tax records.