First single-family rental property

[Andrew Thomas Vedder]

Property: 2018 build 4 BR - 2 bath - 1300 sq ft - 4000 sq ft lot.

Location: Houston, Texas. South of the 610 loop.

Listing status: 36 days on market, marked down from 179k to 175k last week.

CMA: Best match was an identical build that is 4 houses down but it was constructed in 2020. Sold for 160k Dec 2022.

Rental comps: $1450

PITI estimate: -$1275.50 - 20% down 8.125 interest 2.125 points.

Estimated repair cost: -$4750

Pros: New build. New construction (see video 1) in the immediate area. Not in a flood zone.

Cons: 52 active rentals in the zip code (estimated 28,000 people). 32 rentals are at least 3 bedroom 2 bath. Odd layout- Small driveway, backyard is hard to access, washer/dryer hookups in corner of kitchen, some sort of PVC pipe sticking out of the ground near entrance.

What are your thoughts on this property?