515 E Kearney St · Laredo, TX 78040

$55,000

2 bd · 2.5 ba · 1,140 sqft · SingleFamily public records · 4 Days on market

Built 1957 4,895 sqft lot $48/sqft · 35% below area Est $85k · 35% under ↓ 37% since listing

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Why this score? — see what drove the A- 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +7.5/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0

Listing remarks

This property stands out as an ideal project for investors eager to capitalize on a home with great bones. The combination of a desirable location, flexible interior features, and the potential for significant returns makes this a must-see for those ready to take on a rewarding renovation.

Key facts

• 4,895 sq ft lot
• Built 1957
• Listed 3 days

Property features AI

Exterior

• Utilities: Public water
• Home design: Single-family residence; One story; Frame construction with wood siding
• Construction: Built with frame and wood siding
• Exterior features: Front porch; Chain link fencing; Level lot

Interior

• Flooring: Vinyl flooring; Wood flooring
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: No central heating
• Interior features: Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.5-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $328 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($963 rent vs $55k).
• Cap rate 13.5% vs local median 4.1% in Laredo — 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 73/100 on livability (#227 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, employment D+, amenities F.
• Laredo ISD (urban): math 21% / reading 29% proficiency, ranked #739 of 826 in TX (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 82% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Don Jose Gallego (math 12% / reading 22%, grade F, #3,836 of 4,322 statewide, top 91%, 607 students, 98% FRL); Memorial Middle (math 19% / reading 26%, grade F, #1,341 of 1,662 statewide, top 82%, 668 students, 98% FRL); Nixon H S (math 26% / reading 34%, grade F, #1,096 of 1,632 statewide, top 68%, 2,218 students, 96% FRL).
• Market conditions: 68 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,448 units permitted in Webb County in 2024 (245 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($380 loan paydown + $3k appreciation (4.9% local appreciation)).
• Webb County population projected at +23% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (4.9% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 10, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 2.7% of price; built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% 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 $55,000

Questions for the listing agent

1. Built in 1957 — 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. 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.
5. 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.
6. 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: 1.75% ✓
• Cap rate: 13.45%
• Cash-on-cash: 25.57%
• DSCR: 2.14
• GRM: 4.8

CMA / ARV

• ARV (median comp): $85,000
• List price: $55,000
• Delta: -17.65%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

4.93% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 35.1%
• Equity multiple: 3.17×
• Total profit: $33,397
• Equity at exit: $30,928

10-year hold

• IRR: 33.5%
• Equity multiple: 6.40×
• Total profit: $83,099
• Equity at exit: $53,181

Cash invested: $15,400 (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 78040

• Home prices YoY: 3.9%
• Active inventory: 68
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $963 high
• Mortgage (P&I): −$288
• Tax from tax record: −$122 /mo · $1,459/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$202
• Net cashflow: $328

Break-even live

Break-even rent $548

Max offer price $55,000

Occupancy floor 61%

Sensitivity live

Price	-10% $359	-5% $344	+0% $328	+5% $313	+10% $297
Rent	-10% $252	-5% $290	+0% $328	+5% $366	+10% $404
Rate	-1.0pp $356	-0.5pp $342	base $328	+0.5pp $314	+1.0pp $299

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2605 Springfield Ave Unit 4 Laredo, TX	2.0	1.0	728	$850	$1.17	45d	1	0.11mi
3509 Springfield Ave Laredo, TX	3.0	2.0	1394	$1,250	$0.90	45d	1	0.50mi
1402 Corpus Christi St Unit F Laredo, TX	1.0	1.0	700	$800	$1.14	45d	1	1.01mi
1502 E San Pedro St Laredo, TX	2.0	1.0	793	$900	$1.13	45d	1	1.01mi
1502 E San Pedro St Unit 11 Laredo, TX	2.0	1.0	793	$900	$1.13	45d	1	1.01mi
419 W Eistetter St Unit 7 Laredo, TX	2.0	1.0	756	$980	$1.30	45d	1	1.09mi
4505 Springfield Ave Laredo, TX	1.0–3.0	1.0–2.0	740	$875	$1.18	45d	3	1.09mi
2320 E Stewart St Laredo, TX	2.0	1.0	888	$1,000	$1.13	45d	2	1.14mi
1319 Stone Ave Laredo, TX	2.0	1.0	918	$1,250	$1.36	45d	1	1.35mi
2704 E Kearney St Unit 2 Laredo, TX	2.0	1.0	750	$750	$1.00	45d	1	1.37mi
2016 Rosario St Laredo, TX	3.0	1.0	1293	$1,350	$1.04	45d	1	1.45mi
3315 N Arkansas Ave Unit 3 Laredo, TX	2.0	1.0	815	$1,125	$1.38	45d	1	1.48mi

Listing history 7 events

1. 2026-06-16
   days on market $55,000 Active 4 DOM
2. 2026-06-15
   days on market $55,000 Active 3 DOM
3. 2026-06-12
   pricedays on marketlisting id $55,000 Active 1 DOM
4. 2026-05-31
   days on market $70,000 Active 206 DOM
5. 2026-04-03
   price $70,000 290-char remark
6. 2026-01-27
   price $80,000 290-char remark
7. 2025-11-06
   listed $87,000 Active 290-char remark

ⓘ 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: $1,459 · $122/mo
• Projected year-2 tax: $1,459 · $122/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 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥110°F today · 23 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,561
• − Mortgage interest: −$3,081
• − Property taxes: −$1,459
• − Insurance: −$275
• − Repairs & maintenance: −$925
• − Management: −$925
• − Depreciation: −$1,600
• Taxable income: $3,296
• Est. tax owed @ 24.0%: −$791
• After-tax cash flow: $3,147/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: Laredo ISD
• NCES district ID: 4826790
• Math proficiency: 21% ▼ -34.00%
• Reading proficiency: 29% ▼ -13.00%
• Median HH income: $25,655
• Composite: 19.7/100
• National rank: #8724
• State rank: #739 of 826 in TX

Livability — Laredo

• Score: 73/100
• State rank: #227
• US rank: #5399

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Laredo, TX
• City population: 67,333
• Population (ZIP): 36,115

Population outlook (Webb County) Hauer SSP2

• Today (2025): 301,387 people
• By 2030: 316,307 · +5.0%
• By 2040: 345,636 · +14.7%
• By 2050: 370,647 · +23.0%
• By 2075: 413,907 · +37.3%
• By 2100: 416,458 · +38.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (97%)
• Race & ethnicity: Hispanic / Latino 97% Two or more races 56% White 3%
• Hispanic origin (detail): Mexican 95%
• Foreign-born: 32% · Canada
• Languages at home: 7% English-only · Spanish 93%

Political lean MEDSL · Webb

• 2024 margin: Toss-up / Even · D 48.5% · R 50.7%
• 2008→2024 swing: -45.6pp toward R · 2008: 43.4pp · 2024: -2.2pp
• All cycles: 2024: R+2.2 2020: D+23.3 2016: D+51.6 2012: D+54.0 2008: D+43.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.93%
• Current HPI: 133.0457
• Rent YoY: —
• Metro: —
• 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

-36.8% since first listed

4 events — show timeline

• 2026-06-12 Listed $55,000 LAOR
• 2026-04-03 Price Changed $70,000 LAOR
• 2026-01-27 Price Changed $80,000 LAOR
• 2025-11-06 Listed $87,000 LAOR

Property tax history

+2.7%/yr

Latest (2025): $1,459 · -2.8% YoY. Source: county tax records.