1914 W Barcelona Ave · Harlingen, TX 78550

$103,000

3 bd · 2.0 ba · 1,064 sqft · SingleFamily public records · 449 Days on market

Built 1961 7,000 sqft lot $97/sqft · 36% below area Est $162k · 36% under

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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 +26.7/30.0
• ARV discount +15.0/15.0
• DSCR +9.2/10.0
• 1% rule +6.8/10.0
• Livability +3.7/5.0
• Rent growth +3.4/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Starter 3 bedroom 2 bath home. Some upgrades include kitchen cabinets and wood flooring. Some additional TLC needed. Sits in a good size lot and it could be a great investment opportunity. Owner finance available.

Key facts

• Wood flooring
• Kitchen cabinets
• Good size lot

Tags

• KITCHEN CABINETS
• WOOD FLOORING
• GOOD SIZE LOT
• INVESTMENT OPPORTUNITY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $103k.

Deal economics

• At list price, monthly cash flow is $280 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $103k).
• Recommended offer: $91k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.5% vs local median 3.8% in Harlingen — 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 (#217 in TX) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, housing A+; Watch: crime C-, schools D+, commute F.
• Harlingen CISD (urban): math 25% / reading 35% proficiency, ranked #647 of 826 in TX (top 78%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.5%/yr); 465 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $712 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 + 3.5% rent growth), your $29k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 449 days — a 12% lower offer ($91k) is reasonable based on typical stale-listing flexibility.
• 5 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.
• Current owner paid $24k; list at $103k implies a 329% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $90,640 (12.0% below list)

Questions for the listing agent

1. It's been on market 449 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1961 — 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: 1.18% ✓
• Cap rate: 9.55%
• Cash-on-cash: 11.63%
• DSCR: 1.52
• GRM: 7.1

CMA / ARV

• ARV (median comp): $161,890
• List price: $103,000
• Delta: -36.38%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1713 Farley St	0.37mi	3/1.0	1,008 (-5%)	9mo	$140,000	$139	62
1622 W Vinson Ave NW	0.41mi	3/2.0	1,148 (+8%)	10mo	$175,900	$153	59

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 · 3.45% rent growth · sell at horizon

5-year hold

• IRR: 1.5%
• Equity multiple: 1.06×
• Total profit: $1,661
• Equity at exit: $15,358

10-year hold

• IRR: 11.5%
• Equity multiple: 1.92×
• Total profit: $26,644
• Equity at exit: $8,906

Cash invested: $28,840 (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 78550

• Rents YoY: 3.5%
• Active inventory: 465
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,212 high
• Mortgage (P&I): −$540
• Tax from tax record: −$95 /mo · $1,142/yr
• Insurance: −$43
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $280

Break-even live

Break-even rent $859

Max offer price $103,000

Occupancy floor 72%

Sensitivity live

Price	-10% $338	-5% $309	+0% $280	+5% $250	+10% $221
Rent	-10% $184	-5% $232	+0% $280	+5% $327	+10% $375
Rate	-1.0pp $331	-0.5pp $306	base $280	+0.5pp $253	+1.0pp $226

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: $25,750
• Closing costs: $3,090
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2104 Multi National Harlingen, TX	2.0	2.0	830	$1,100	$1.33	44d	1	0.31mi
2204 Northridge Ave Unit 2 Harlingen, TX	2.0	2.0	955	$1,250	$1.31	44d	1	0.31mi
2204 Northridge Ave Unit 23 Harlingen, TX	2.0	2.0	955	$1,250	$1.31	22d	1	0.31mi
2211 Northridge Ave Unit C Harlingen, TX	2.0	2.0	877	$1,150	$1.31	44d	1	0.37mi
2205 Multi National Unit A Harlingen, TX	2.0	2.0	876	$1,100	$1.26	44d	1	0.38mi
2218 Multi National Unit B Harlingen, TX	2.0	2.0	877	$1,100	$1.25	14d	1	0.39mi
2005 Southridge Ave Unit A Harlingen, TX	2.0	2.0	848	$1,250	$1.47	44d	1	0.39mi
2219 Northridge Ave Harlingen, TX	2.0	2.0	830	$1,000	$1.20	14d	1	0.39mi
2209 Multi National Unit D Harlingen, TX	2.0	2.0	876	$1,100	$1.26	44d	1	0.39mi
18586 Primera Rd Harlingen, TX	2.0	2.0	1100	$1,095	$1.00	44d	1	0.48mi
821 W Matz Ave Unit B Harlingen, TX	3.0	2.0	1190	$1,300	$1.09	14d	1	0.95mi
2101 N G St Unit B Harlingen, TX	2.0	2.0	1004	$950	$0.95	22d	1	1.05mi
121 W Ebano Ct Harlingen, TX	2.0	2.0	1174	$1,200	$1.02	44d	1	1.20mi
226 W Darrell Wayne Shipp St Harlingen, TX	3.0	2.0	1400	$1,700	$1.21	44d	1	1.23mi
1917 New Combes Hwy Unit H Harlingen, TX	3.0	2.0	1098	$975	$0.89	22d	1	1.33mi
20558 Alta Vista Ct Unit C Harlingen, TX	2.0	2.0	970	$1,125	$1.16	44d	1	1.37mi
20550 Alta Vista Ct Unit C Harlingen, TX	2.0	2.0	970	$1,125	$1.16	44d	1	1.37mi
17931 Spruce St Harlingen, TX	3.0	2.0	1284	$1,850	$1.44	44d	1	1.44mi
22938 Monte Alto Ct Unit 22938-2 Harlingen, TX	2.0	2.0	1160	$1,100	$0.95	14d	1	1.47mi
22937 Monte Alto Ct Unit 2 Harlingen, TX	2.0	2.0	1160	$1,195	$1.03	14d	1	1.50mi

Listing history 25 events

1. 2026-06-18
   days on market $103,000 Active 449 DOM
2. 2026-06-17
   days on market $103,000 Active 448 DOM
3. 2026-06-16
   days on market $103,000 Active 447 DOM
4. 2026-06-15
   days on market $103,000 Active 446 DOM
5. 2026-06-14
   days on market $103,000 Active 444 DOM
6. 2026-06-10
   days on market $103,000 Active 441 DOM
7. 2026-06-09
   days on market $103,000 Active 440 DOM
8. 2026-06-09
   days on market $103,000 Active 439 DOM
9. 2026-06-07
   days on market $103,000 Active 438 DOM
10. 2026-06-03
    days on market $103,000 Active 434 DOM
11. 2026-06-02
    days on market $103,000 Active 433 DOM
12. 2026-06-01
    days on market $103,000 Active 432 DOM
13. 2026-05-31
    days on market $103,000 Active 431 DOM
14. 2026-05-30
    days on market $103,000 Active 430 DOM
15. 2026-04-06
    status Active 213-char remark

    Show marketing remark (213 chars)

    Starter 3 bedroom 2 bath home. Some upgrades include kitchen cabinets and wood flooring. Some additional TLC needed. Sits in a good size lot and it could be a great investment opportunity. Owner finance available.

16. 2026-04-01
    historical 213-char remark

    Show marketing remark (213 chars)

    Starter 3 bedroom 2 bath home. Some upgrades include kitchen cabinets and wood flooring. Some additional TLC needed. Sits in a good size lot and it could be a great investment opportunity. Owner finance available.

17. 2025-12-01
    status Active 213-char remark

    Show marketing remark (213 chars)

    Starter 3 bedroom 2 bath home. Some upgrades include kitchen cabinets and wood flooring. Some additional TLC needed. Sits in a good size lot and it could be a great investment opportunity. Owner finance available.

18. 2025-12-01
    historical 213-char remark

    Show marketing remark (213 chars)

    Starter 3 bedroom 2 bath home. Some upgrades include kitchen cabinets and wood flooring. Some additional TLC needed. Sits in a good size lot and it could be a great investment opportunity. Owner finance available.

19. 2025-12-01
    listed $103,000 Active

    Show marketing remark (213 chars)

    Starter 3 bedroom 2 bath home. Some upgrades include kitchen cabinets and wood flooring. Some additional TLC needed. Sits in a good size lot and it could be a great investment opportunity. Owner finance available.

20. 2025-06-23
    price $103,000
21. 2025-06-22
    price $103,000 213-char remark

    Show marketing remark (213 chars)

    Starter 3 bedroom 2 bath home. Some upgrades include kitchen cabinets and wood flooring. Some additional TLC needed. Sits in a good size lot and it could be a great investment opportunity. Owner finance available.

22. 2025-04-21
    listed $110,000 Active
23. 2025-03-21
    listed $110,000 Active 213-char remark

    Show marketing remark (213 chars)

    Starter 3 bedroom 2 bath home. Some upgrades include kitchen cabinets and wood flooring. Some additional TLC needed. Sits in a good size lot and it could be a great investment opportunity. Owner finance available.

24. 2011-03-08
    soldstatus $24,000
25. 1997-08-19
    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: $1,142 · $95/mo
• Projected year-2 tax: $1,885 · $157/mo
• Expected delta: +$743/yr (+$62/mo · 65.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 69% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥110°F today · 24 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% 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: $14,548
• − Mortgage interest: −$5,770
• − Property taxes: −$1,142
• − Insurance: −$515
• − Repairs & maintenance: −$1,164
• − Management: −$1,164
• − Depreciation: −$2,996
• Taxable income: $1,797
• Est. tax owed @ 24.0%: −$431
• After-tax cash flow: $2,923/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: Harlingen CISD
• NCES district ID: 4822530
• Math proficiency: 25% ▼ -28.00%
• Reading proficiency: 35% ▼ -11.00%
• Median HH income: $37,182
• Composite: 24.94/100
• National rank: #7566
• State rank: #647 of 826 in TX

Livability — Harlingen

• Score: 73/100
• State rank: #217
• US rank: #5347

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Harlingen, TX
• County: Cameron County · 310,734 people
• City population: 95,667
• Metro: Brownsville-Harlingen, TX
• Population (ZIP): 53,335
• Household income: $49,007
• Rent vs Own: 49.5% rent · 50.5% own
• Severe rent burden: 2251.0

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 (83%)
• Race & ethnicity: Hispanic / Latino 83% Two or more races 29% White 14% Black 1%
• Hispanic origin (detail): Mexican 76%
• Common ancestry: Italian 1% Lithuanian 1%
• Foreign-born: 14% · Canada
• Languages at home: 51% English-only · Spanish 48%

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: ▼ -142.60%
• Current HPI: 167.7038
• Rent YoY: ▲ 3.45%
• Metro: Brownsville-Harlingen, TX
• 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

+329.2% since first listed

11 events — show timeline

• 2026-04-06 Relisted — RGVMLS
• 2026-04-01 Delisted — RGVMLS
• 2025-12-01 Relisted — RGVMLS
• 2025-12-01 Delisted — RGVMLS
• 2025-12-01 Listed $103,000 MCALLENMLS
• 2025-06-23 Price Changed $103,000 MCALLENMLS
• 2025-06-22 Price Changed $103,000 RGVMLS
• 2025-04-21 Listed $110,000 MCALLENMLS
• 2025-03-21 Listed $110,000 RGVMLS
• 2011-03-08 Sold (Public Records) $24,000 Public Records
• 1997-08-19 Sold (Public Records) — Public Records

Property tax history

+5.2%/yr

Latest (2025): $1,142 · +10.3% YoY. Source: county tax records.