708 N Illinois Ave · Weslaco, TX 78596

$119,000

3 bd · 1.0 ba · 1,000 sqft · SingleFamily public records · 28 Days on market

Built 2022 Good condition 3,000 sqft lot $119/sqft · 20% below area Est $150k · 20% under ↓ 15% since listing

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Why this score? — see what drove the C 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 +16.8/30.0
• ARV discount +15.0/15.0
• 1% rule +5.3/10.0
• DSCR +5.2/10.0
• Appreciation +4.7/10.0
• Condition / age +4.0/5.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Schools +2.2/10.0

Listing remarks

Welcome to this beautifully maintained home in Weslaco, Texas. Built in 2022, this three-bedroom, two-bath residence offers a modern, move-in-ready feel with laminate flooring throughout and a bright, open layout. The kitchen features granite countertops, white cabinetry, subway tile backsplash, and stainless steel appliances, creating a clean and contemporary space ideal for everyday living and entertaining. The open living and dining areas are complemented by tray ceilings, recessed lighting, and ceiling fans, adding both style and comfort. Outside, the home features attractive curb appeal with a paved driveway and low-maintenance exterior. Built just a few years ago and carefully cared f

Key facts

• Paved driveway
• Granite countertops
• White cabinetry

Tags

• GRANITE COUNTERTOPS
• WHITE CABINETRY
• SUBWAY TILE BACKSPLASH
• STAINLESS STEEL APPLIANCES
• PAVED DRIVEWAY
• LOW-MAINTENANCE EXTERIOR

Property features AI

Finance

• HOA & community: No homeowners association

Exterior

• Parking: No garage or carport
• Security: Smoke detector(s)
• Utilities: City sewer
• Home design: Single-family property; Crawl space foundation; Shingle roof
• Construction: Siding exterior
• Exterior features: Wood fencing; Patio slab; Paved road access

Interior

• Kitchen: Microwave; Electric smooth-top stove/range
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Laminate countertops; Ceiling fan(s); Mini blinds; Smoke detector(s)
• Laundry & utility: Dedicated laundry room; Washer/dryer connections; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $119k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-76 ($-908/yr) — negative.
• To cash-flow at today's rent, offer at most $106k (11.2% below list).
• Meets the 1% rule at list price ($1k rent vs $119k).
• Recommended offer: $106k (11.2% below list) — sets the bar for cash-flow.
• Cap rate 7.1% vs local median 4.1% in Weslaco — 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 72/100 on livability (#277 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D+, crime F, amenities F.
• Weslaco ISD (suburban): math 23% / reading 31% proficiency, ranked #705 of 826 in TX (top 85%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Sam Houston El (math 22% / reading 37%, grade F, #2,525 of 4,322 statewide, top 62%, 745 students, 87% FRL); Armando Cuellar Middle (math 22% / reading 31%, grade F, #1,200 of 1,662 statewide, top 73%, 626 students, 88% FRL); Weslaco East H S (math 24% / reading 26%, grade F, #1,250 of 1,632 statewide, top 77%, 2,004 students, 86% FRL) — zoned schools average 87% FRL vs 59% district-wide (28 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 711 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 95% of comp listings sitting > 30 days — soft ceiling on asking rent; 7,378 units permitted in Hidalgo County in 2024 (641 in 5+ unit buildings).

Forward outlook

• In year one you build about $128 of equity ($823 loan paydown + $-695 appreciation (-0.6% local appreciation)).
• Hidalgo County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($117k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 3y ago 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: flood insurance adds $152/mo.
• Climate carrying-cost: in FEMA flood zone AH (mandatory federal flood insurance); severe wind risk, 99% 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 $105,632 (11.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. 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.
6. 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.
7. 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: 1.03% ✓
• Cap rate: 7.06%
• Cash-on-cash: 2.75%
• DSCR: 1.12
• GRM: 8.1

CMA / ARV

• ARV (median comp): $149,594
• List price: $119,000
• Delta: -20.45%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
710 N Illinois Ave	0.00mi	3/2.0	1,000 (0%)	11mo	$159,000	$159	87
511 E Huisache St	0.19mi	3/2.0	1,000 (0%)	2mo	$155,000	$155	85
504 N Cantu St	0.23mi	2/1.0 (-1)	987 (-1%)	2mo	$49,000	$50	80
814 N Martinez Ave	0.28mi	3/2.0	1,074 (+7%)	8mo	$159,900	$149	64
725 E Los Torritos St	0.38mi	3/1.0	1,080 (+8%)	6mo	$166,000	$154	64
835 N Martinez Ave	0.28mi	3/2.0	1,074 (+7%)	10mo	$160,000	$149	62
103 Grace Ave	0.56mi	2/1.0 (-1)	1,068 (+7%)	8mo	$60,000	$56	51
106 S Iowa Ave	0.45mi	3/2.0	1,091 (+9%)	14mo	$169,900	$156	48
603 Witmer St	0.62mi	3/1.0	1,094 (+9%)	10mo	$109,000	$100	47
611 San Benito St	0.57mi	3/1.0	1,148 (+15%)	3mo	$84,900	$74	46
409 Hidalgo St	0.58mi	2/2.0 (-1)	900 (-10%)	2mo	$157,000	$174	46
601 W Huisache St	0.38mi	3/2.0	1,140 (+14%)	12mo	$158,000	$139	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.58% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -7.6%
• Equity multiple: 0.66×
• Total profit: $-11,375
• Equity at exit: $31,118

10-year hold

• IRR: -1.0%
• Equity multiple: 0.90×
• Total profit: $-3,423
• Equity at exit: $34,763

Cash invested: $33,320 (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 78596

• Home prices YoY: -0.2%
• Active inventory: 711
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,227 high
• Mortgage (P&I): −$624
• Tax from tax record: −$219 /mo · $2,630/yr
• Insurance: −$50
• Flood insurance flood zone: −$152 /mo · $1,824/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $-76

Break-even live

Break-even rent $1,323

Max offer price $105,632

Occupancy floor —

Sensitivity live

Price	-10% $-8	-5% $-42	+0% $-76	+5% $-109	+10% $-143
Rent	-10% $-173	-5% $-124	+0% $-76	+5% $-27	+10% $21
Rate	-1.0pp $-16	-0.5pp $-45	base $-76	+0.5pp $-107	+1.0pp $-138

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
309 E Mesquite St Weslaco, TX	3.0	2.0	1100	$1,400	$1.27	45d	1	0.09mi
3814 Bella Costa Dr Unit 3 Weslaco, TX	2.0	2.0	987	$1,025	$1.04	45d	1	0.34mi
3707 Las Vistas Ln Apt 1 Weslaco, TX	2.0	2.0	987	$1,025	$1.04	45d	1	0.34mi
622 E Llano Grande St Weslaco, TX	3.0	2.0	1100	$1,500	$1.36	45d	1	0.45mi
1601 S Airport Dr Unit 261 Weslaco, TX	2.0	2.0	912	$1,500	$1.64	45d	1	0.85mi
1601 S Airport Dr Unit 283 Weslaco, TX	3.0	2.0	1033	$1,600	$1.55	45d	1	0.85mi
607 E Washington St Weslaco, TX	3.0	2.0	1000	$900	$0.90	45d	1	1.05mi
617 E Washington St Unit 4 Weslaco, TX	3.0	2.0	1000	$900	$0.90	45d	1	1.05mi
1723 Davenport St Unit 2 Weslaco, TX	3.0	2.0	1140	$1,175	$1.03	45d	1	1.12mi
815 E Sugarcane Dr Unit E4 Weslaco, TX	2.0	1.5	1124	$1,200	$1.07	45d	1	1.14mi
1804 Davenport St Unit 4 Weslaco, TX	2.0	2.0	938	$1,125	$1.20	46d	1	1.15mi
1805 Stauffers St Unit 3 Weslaco, TX	3.0	2.0	1116	$1,150	$1.03	45d	1	1.17mi
1722 E Davenport St Unit 4 Weslaco, TX	2.0	2.0	938	$1,100	$1.17	45d	1	1.19mi
1804 Stauffers St #3 Weslaco, TX	2.0	2.0	840	$1,000	$1.19	45d	1	1.19mi
1909 Davenport St Unit 3 Weslaco, TX	3.0	2.0	1140	$1,175	$1.03	45d	1	1.20mi
1817 Stauffer St Weslaco, TX	3.0	2.0	1116	$1,200	$1.08	45d	1	1.20mi
1917 Davenport St Unit 1 Weslaco, TX	2.0	2.0	938	$1,100	$1.17	45d	1	1.22mi
1812 Redbud Ln Unit 1 Weslaco, TX	2.0	2.0	874	$1,025	$1.17	45d	1	1.25mi
2108 Redbud Ln Unit 4 Weslaco, TX	2.0	2.0	920	$1,050	$1.14	45d	1	1.33mi
1721 Harrison St Weslaco, TX	2.0	2.0	1005	$1,025	$1.02	45d	1	1.36mi
2013 Canyon Dr Unit 4 Weslaco, TX	3.0	2.0	1111	$1,200	$1.08	25d	1	1.45mi

Listing history 22 events

1. 2026-06-12
   statusdays on market $119,000 Pending 28 DOM
2. 2026-06-09
   days on market $119,000 Option 26 DOM
3. 2026-06-08
   days on market $119,000 Option 25 DOM
4. 2026-06-08
   days on market $119,000 Option 24 DOM
5. 2026-06-07
   days on market $119,000 Option 23 DOM
6. 2026-06-03
   days on market $119,000 Option 20 DOM
7. 2026-06-02
   days on market $119,000 Option 19 DOM
8. 2026-06-02
   status $119,000 Option 18 DOM
9. 2026-06-01
   days on market $119,000 Active 18 DOM
10. 2026-05-31
    days on market $119,000 Active 17 DOM
11. 2026-05-14
    listed $119,000 Active 925-char remark
12. 2026-04-08
    price $129,000
13. 2026-03-27
    price $139,000
14. 2026-01-06
    listed $145,000 Active
15. 2025-03-20
    price $145,000
16. 2024-12-09
    listed $160,000 Active
17. 2024-11-09
    historical $1,250
18. 2024-10-27
    listed $1,250
19. 2024-08-07
    historical $1,250
20. 2024-07-24
    listed $1,250
21. 2024-06-25
    listed $170,000 Active
22. 2023-05-31
    listed $140,000 Active

ⓘ 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: $2,630 · $219/mo
• Projected year-2 tax: $2,630 · $219/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 7/10 Severe FEMA zone AH · 76% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 23 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 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: $14,721
• − Mortgage interest: −$6,666
• − Property taxes: −$2,630
• − Insurance: −$2,420
• − Repairs & maintenance: −$1,178
• − Management: −$1,178
• − Depreciation: −$3,462
• Taxable loss: −$2,811
• Est. tax savings @ 24.0%: +$675
• After-tax cash flow: $-233/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This move-in-ready home in Weslaco, Texas, offers a modern, open layout with laminate flooring and a bright, contemporary kitchen. It's in good condition with fresh paint and attractive curb appeal.

Value-add opportunities

• Both Paint exterior — Fresh paint enhances curb appeal and value
• Both Replace blinds — New blinds improve aesthetics and privacy
• Both Install smart home devices — Enhances convenience and marketability

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Fresh paint enhances curb appeal and value ↑
• Both Replace blinds — New blinds improve aesthetics and privacy ↑
• Both Install smart home devices — Enhances convenience and marketability ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Weslaco ISD
• NCES district ID: 4844960
• Math proficiency: 23% ▼ -29.00%
• Reading proficiency: 31% ▼ -9.00%
• Median HH income: $32,867
• Composite: 22.05/100
• National rank: #8196
• State rank: #705 of 826 in TX

Livability — Weslaco

• Score: 72/100
• State rank: #277
• US rank: #6469

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Weslaco, TX
• Population (ZIP): 38,942

Population outlook (Hidalgo County) Hauer SSP2

• Today (2025): 955,232 people
• By 2030: 1,009,774 · +5.7%
• By 2040: 1,120,332 · +17.3%
• By 2050: 1,225,036 · +28.2%
• By 2075: 1,439,189 · +50.7%
• By 2100: 1,533,429 · +60.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (86%)
• Race & ethnicity: Hispanic / Latino 86% Two or more races 38% White 13%
• Hispanic origin (detail): Mexican 82%
• Common ancestry: Slovak 1%
• Foreign-born: 17% · Canada
• Languages at home: 27% English-only · Spanish 72%

Political lean MEDSL · Hidalgo

• 2024 margin: Toss-up / Even · D 48.1% · R 51.0%
• 2008→2024 swing: -41.6pp toward R · 2008: 38.7pp · 2024: -2.9pp
• All cycles: 2024: R+2.9 2020: D+17.1 2016: D+40.5 2012: D+41.8 2008: D+38.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.58%
• Current HPI: 261.5117
• 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

-15.0% since first listed

14 events — show timeline

• 2026-06-12 Pending — MCALLENMLS
• 2026-06-01 Contingent — MCALLENMLS
• 2026-05-14 Listed $119,000 MCALLENMLS
• 2026-04-08 Price Changed $129,000 MCALLENMLS
• 2026-03-27 Price Changed $139,000 MCALLENMLS
• 2026-01-06 Listed $145,000 MCALLENMLS
• 2025-03-20 Price Changed $145,000 MCALLENMLS
• 2024-12-09 Listed $160,000 MCALLENMLS
• 2024-11-09 Rental Removed $1,250 RENTEC
• 2024-10-27 Listed for Rent $1,250 RENTEC
• 2024-08-07 Rental Removed $1,250 RENTEC
• 2024-07-24 Listed for Rent $1,250 RENTEC
• 2024-06-25 Listed $170,000 MCALLENMLS
• 2023-05-31 Listed $140,000 MCALLENMLS

Property tax history

+56.7%/yr

Latest (2025): $2,630 · +9.8% YoY. Source: county tax records.