| Detail | Information |
|---|---|
| Address | 2803 Fairhope St, Houston, TX 77025 Zillow | MLS |
| Neighborhood | Knollwood Village |
| Style | Traditional / Ranch • 1-story • 2-car attached garage |
| Tax Appraisal | $381,455.00 (HCAD) |
| Recent Sale | SOLD Feb 9, 2026 • $502,085.00 (per HAR.com) |
| Previous Sale | March 25, 2020 • $335,000.00 |
| MLS# | 44585260 |
| Recent Upgrades | HVAC (2024), PVC drain plumbing, PEX water lines, new electrical panel, double-wide driveway |
| Schools | Longfellow Elementary • Pershing Middle (B) • Bellaire High (A) |
| Links | HAR.com • Zillow |
For a standard 12-month unfurnished lease in good condition. Midpoint: $2,400.00/mo. Based on 12 specific rental comps within 1 mile, Zillow Rent Zestimates, and HAR market data.
| Address | Beds/Baths | Sqft | Rent/Mo | $/Sqft | Notes |
|---|---|---|---|---|---|
| 3831 Linklea Dr Zillow | MLS |
3/2 | 1,700 | $2,950.00 | $1.74 | BEST COMP Renovated 2018/19, gas cooktop, granite, stainless. 0.5 mi |
| 2815 Fairhope St Map |
3/2 | 1,971 | $3,600.00 | $1.83 | Same block • Furnished • Adjust to ~$2,600.00 unfurnished |
| 3315 S Braeswood Blvd Zillow | MLS |
3/2 | 1,904 | $2,400.00 | $1.26 | CLOSE MATCH 1-story, 1952, renovated kitchen, granite, 2 garages. 0.6 mi |
| 3103 Fairhope St Map | MLS |
3/2 | 1,400 | $2,200.00 | $1.57 | Same street • Hardwood, granite, guest quarters. 0.3 mi |
| 9115 Kapri Ln Map |
3/2 | 1,900 | $2,750.00 | $1.45 | Single family, 1958 built. 0.7 mi |
| 9206 Bassoon Dr Map |
3/2 | 2,020 | $2,400.00 | $1.19 | New tile, granite, stainless. 1954 built. 0.8 mi |
| 3730 Elizabeth Ct Map | MLS |
3/2.5 | 2,145 | $2,350.00 | $1.10 | Gated patio home, wood floors, granite. 0.7 mi |
| 3023 Fairhope St Zillow | MLS |
3/2 | 1,952 | $2,918.00 | $1.49 | Zillow Rent Zestimate • Same street |
| 9026 Bassoon Dr Map |
3/2 | 1,218 | $1,850.00 | $1.52 | FLOOR COMP Smaller, basic condition. 0.9 mi |
| 9821 Woodwind Dr Map | MLS |
3/— | 1,360 | $1,895.00 | $1.39 | Basic condition, smaller. 0.9 mi |
| Knollwood 3-BR Avg | — | — | $2,208.00 | — | Apartments.com area average (range $1,398.00–$2,989.00) |
| Houston SFH Avg (Jan 2026) | — | — | $2,214.00 | — | HAR rental report • Down 3.3% YoY • DOM: 43–50 days |
| Method | Estimate |
|---|---|
| Adjusted comp average (12 comps, normalized for size/condition) | $2,443.00 |
| Area median $/sqft (1,615 × $1.39/sqft) | $2,245.00 |
| Area average $/sqft (1,615 × $1.41/sqft) | $2,277.00 |
| Fairhope St premium $/sqft (1,615 × $1.49/sqft) | $2,406.00 |
| 2815 Fairhope unfurnished discount ($3,600.00 − $800.00 furn. − $200.00 size) | $2,600.00 |
| Convergence estimate | $2,200.00 – $2,600.00/mo • Target: $2,400.00 |
| Strategy | Price | Timeline | Trade-off |
|---|---|---|---|
| AGGRESSIVE | $2,200.00/mo | 1–2 weeks | Below adjusted comp average, fast lease in softening market |
| MARKET | $2,400.00/mo | 3–5 weeks | Aligned with comp average ($2,443.00), quality tenants |
| PREMIUM | $2,600.00/mo | 5–8 weeks | Justified by new mechanicals (HVAC, plumbing, electrical), may take 50+ days |
| FURNISHED | $3,200.00–$3,600.00/mo | Variable | Short-term/corporate, higher management overhead (2815 Fairhope at $3,600.00) |
| Metric | Amount |
|---|---|
| Annual Gross Rent | $28,800.00 |
| Est. Annual Expenses (tax ~$8K, insurance, maintenance) | ~$10,000.00–$12,000.00 |
| Net Operating Income | ~$16,800.00–$18,800.00 |
| Cap Rate (on $502K purchase) | 3.3%–3.7% |
| Gross Rent Multiplier | 17.4 FAIR |
| Gross Yield | 5.74% |
| Address | Beds/Baths | Sqft | Price | $/Sqft | Status |
|---|---|---|---|---|---|
| 2803 Fairhope (Subject) Zillow | MLS |
3/2 | 1,615 | $502,085.00 | $311.00 | SOLD Feb 2026 |
| 3115 Deal St Zillow | MLS |
3/2 | 1,588 | $475,600.00 | $299.00 | BEST COMP Sold Jun 2025 |
| 3106 Linkwood Dr Map | MLS |
3/3 | 1,711 | — | — | RECENTLY SOLD |
| 77025 Median (Dec 2025) | — | — | $379,500.00 | $222.00 | AREA MEDIAN |
| Knollwood/Woodside Avg | — | ~2,341 | $548,822.00 | $270.00 | ACTIVE AVG |
| Method | Value |
|---|---|
| Actual Purchase (Feb 2026) | $502,085.00 ($311.00/sf) |
| Best comp (3115 Deal: $299.00/sf × 1,615sf) | $482,885.00 |
| Area median (77025: $222.00/sf × 1,615sf) | $358,530.00 |
| HCAD Tax Appraisal | $381,455.00 |
| Market Position | Paid $311.00/sf vs $299.00/sf best comp — slight premium (4%) justified by recent upgrades |
| Standard 12-mo Unfurnished | $2,400.00/mo (recommended listing price, aligned with 12-comp average) |
| Security Deposit | $2,400.00 (1 month) — Texas: no statutory limit |
| Pet Policy | $300.00–$500.00 non-refundable + $25.00–$50.00/mo pet rent (market standard) |
| Target Tenant | TMC professionals (2 mi), Rice faculty, young families (Bellaire HS = A) |
| Market Timing | COMPETITIVE Easing market (-3.3% YoY), DOM 43–50 days, 33+ houses in 77025 |
| Subject Advantages | New HVAC (2024), PEX plumbing, new electrical panel, corner lot (9,586 sf), 2-car garage |