In Harris County, Texas (Harris County, TX metro), 1–4 unit investment properties carry an average effective property tax rate of 2.08% and landlord hazard insurance averaging $920 per $100K of coverage. At a median 1–4 unit acquisition price of $345,000 and Form 1007 market rent of $2,750/mo, a 75% LTV DSCR loan models at 1.08x DSCR ($2,541/mo total PITIA).
Texas Annual Market Appraisal: County Appraisal District (CAD) revalues annually as of Jan 1; non-homestead circuit-breaker cap applies to qualifying properties under $5M, with May 15 protest deadline.
Gulf Coast Wind + Bayou Floodplain Verification
Standard county deed recording & nominal transfer fee ($50–$350 flat or ≤0.20% of consideration).
Underwrite post-acquisition tax bill using county millage calculator to prevent Year-2 escrow shortage.
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