899 Avon St · San Benito, TX 78586

$89,000

3 bd · 1.5 ba · 1,326 sqft · SingleFamily public records · 73 Days on market

Built 1975 6,663 sqft lot $67/sqft · 33% below area Est $133k · 33% under ↓ 26% since listing

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Why this score? — see what drove the B 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
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Situated on a spacious corner lot, this home is full of potential and opportunity! The oversized yard offers plenty of space to expand, entertain, or create your dream outdoor retreat. A covered carport and additional storage room provide added convenience and functionality. Plus, all appliances are included—making this an excellent value for homeowners or investors alike. At a price like this, don't miss the chance to make it your own!

Key facts

• Oversized yard
• Covered carport
• Corner lot

Tags

• CORNER LOT
• OVERSIZED YARD
• COVERED CARPORT
• ADDITIONAL STORAGE ROOM
• ALL APPLIANCES INCLUDED

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $89k.

Deal economics

• At list price, monthly cash flow is $869 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $89k).
• Recommended offer: $84k (6.0% below list) — sets the bar for market timing.
• Cap rate 18.0% vs local median 3.7% in San Benito — 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 66/100 on livability (#621 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime C-, schools D-, amenities F.
• San Benito CISD (suburban): math 14% / reading 27% proficiency, ranked #782 of 826 in TX (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 441 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 2,326 units permitted in Cameron County in 2024 (503 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $615 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Cameron County population projected at +3% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 73 days — a 6% lower offer ($84k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $83,660 (6.0% below list)

Questions for the listing agent

1. It's been on market 73 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 2.11% ✓
• Cap rate: 18.01%
• Cash-on-cash: 41.86%
• DSCR: 2.86
• GRM: 4.0

CMA / ARV

• ARV (median comp): $133,002
• List price: $89,000
• Delta: -33.08%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
234 Chapman St	0.54mi	3/2.0	1,300 (-2%)	16mo	$152,900	$118	56
780 S Fannin St	0.37mi	3/1.0	1,182 (-11%)	9mo	$200,000	$169	55
170 Hidalgo St	0.54mi	2/1.0 (-1)	1,430 (+8%)	5mo	$65,000	$45	51
124 Hidalgo St	0.57mi	3/1.0	1,464 (+10%)	4mo	$110,000	$75	50
1321 Patricia St	0.54mi	3/2.0	1,412 (+6%)	20mo	$79,900	$57	46
1751 Combes St	0.52mi	3/1.0	1,482 (+12%)	13mo	$113,489	$77	43
621 Turner St	0.42mi	4/2.0 (+1)	1,200 (-10%)	18mo	$310,000	$258	43

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 38.5%
• Equity multiple: 2.64×
• Total profit: $40,976
• Equity at exit: $13,270

10-year hold

• IRR: 45.0%
• Equity multiple: 5.30×
• Total profit: $107,088
• Equity at exit: $7,695

Cash invested: $24,920 (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 78586

• Home prices YoY: -24.9%
• Active inventory: 441
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $1,876 medium
• Mortgage (P&I): −$467
• Tax from tax record: −$109 /mo · $1,303/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$394
• Net cashflow: $869

Break-even live

Break-even rent $775

Max offer price $89,000

Occupancy floor 49%

Sensitivity live

Price	-10% $920	-5% $895	+0% $869	+5% $844	+10% $819
Rent	-10% $721	-5% $795	+0% $869	+5% $943	+10% $1,018
Rate	-1.0pp $914	-0.5pp $892	base $869	+0.5pp $846	+1.0pp $823

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: $22,250
• Closing costs: $2,670
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
100 Woodford St Unit D San Benito, TX	3.0	2.5	1500	$1,550	$1.03	45d	1	0.58mi
105 Republic Cir San Benito, TX	3.0	2.0	1611	$2,300	$1.43	15d	1	0.70mi

Listing history 6 events

1. 2026-05-03
   status Pending 446-char remark

   Show marketing remark (446 chars)

   Situated on a spacious corner lot, this home is full of potential and opportunity! The oversized yard offers plenty of space to expand, entertain, or create your dream outdoor retreat. A covered carport and additional storage room provide added convenience and functionality. Plus, all appliances are included—making this an excellent value for homeowners or investors alike. At a price like this, don't miss the chance to make it your own!

2. 2026-04-19
   price $89,000 446-char remark

   Show marketing remark (446 chars)

   Situated on a spacious corner lot, this home is full of potential and opportunity! The oversized yard offers plenty of space to expand, entertain, or create your dream outdoor retreat. A covered carport and additional storage room provide added convenience and functionality. Plus, all appliances are included—making this an excellent value for homeowners or investors alike. At a price like this, don't miss the chance to make it your own!

3. 2026-03-24
   price $99,000 446-char remark

   Show marketing remark (446 chars)

   Situated on a spacious corner lot, this home is full of potential and opportunity! The oversized yard offers plenty of space to expand, entertain, or create your dream outdoor retreat. A covered carport and additional storage room provide added convenience and functionality. Plus, all appliances are included—making this an excellent value for homeowners or investors alike. At a price like this, don't miss the chance to make it your own!

4. 2026-03-06
   price $109,900 446-char remark

   Show marketing remark (446 chars)

   Situated on a spacious corner lot, this home is full of potential and opportunity! The oversized yard offers plenty of space to expand, entertain, or create your dream outdoor retreat. A covered carport and additional storage room provide added convenience and functionality. Plus, all appliances are included—making this an excellent value for homeowners or investors alike. At a price like this, don't miss the chance to make it your own!

5. 2026-02-19
   listed $119,900 Active 446-char remark

   Show marketing remark (446 chars)

   Situated on a spacious corner lot, this home is full of potential and opportunity! The oversized yard offers plenty of space to expand, entertain, or create your dream outdoor retreat. A covered carport and additional storage room provide added convenience and functionality. Plus, all appliances are included—making this an excellent value for homeowners or investors alike. At a price like this, don't miss the chance to make it your own!

6. 2017-11-27
   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: $1,303 · $109/mo
• Projected year-2 tax: $1,629 · $136/mo
• Expected delta: +$326/yr (+$27/mo · 25.0%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥110°F today · 26 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,507
• − Mortgage interest: −$4,985
• − Property taxes: −$1,303
• − Insurance: −$445
• − Repairs & maintenance: −$1,801
• − Management: −$1,801
• − Depreciation: −$2,589
• Taxable income: $9,584
• Est. tax owed @ 24.0%: −$2,300
• After-tax cash flow: $8,132/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: San Benito CISD
• NCES district ID: 4838790
• Math proficiency: 14% ▼ -31.00%
• Reading proficiency: 27% ▼ -10.00%
• Median HH income: $29,403
• Composite: 16.31/100
• National rank: #9212
• State rank: #782 of 826 in TX

Livability — San Benito

• Score: 66/100
• State rank: #621
• US rank: #11846

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Benito, TX
• Population (ZIP): 49,103

Population outlook (Cameron County) Hauer SSP2

• Today (2025): 441,603 people
• By 2030: 448,113 · +1.5%
• By 2040: 456,385 · +3.3%
• By 2050: 456,294 · +3.3%
• By 2075: 423,851 · -4.0%
• By 2100: 342,787 · -22.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (93%)
• Race & ethnicity: Hispanic / Latino 93% Two or more races 42% White 6%
• Hispanic origin (detail): Mexican 90%
• Foreign-born: 23% · Canada
• Languages at home: 29% English-only · Spanish 70%

Political lean MEDSL · Cameron

• 2024 margin: Lean R (+5.8) · D 46.7% · R 52.5%
• 2008→2024 swing: -34.6pp toward R · 2008: 28.8pp · 2024: -5.8pp
• All cycles: 2024: R+5.8 2020: D+13.2 2016: D+32.5 2012: D+32.4 2008: D+28.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -62.37%
• Current HPI: 188.147
• 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

-25.8% since first listed

6 events — show timeline

• 2026-05-03 Pending — RGVMLS
• 2026-04-19 Price Changed $89,000 RGVMLS
• 2026-03-24 Price Changed $99,000 RGVMLS
• 2026-03-06 Price Changed $109,900 RGVMLS
• 2026-02-19 Listed $119,900 RGVMLS
• 2017-11-27 Sold (Public Records) — Public Records

Property tax history

+4.1%/yr

Latest (2025): $1,303 · +10.6% YoY. Source: county tax records.