130 W Corral Ave #38 · Kingsville, TX 78363

$47,000

3 bd · 1.0 ba · 1,152 sqft · Manufactured public records · 44 Days on market

Built 2014 $41/sqft · 61% below area $455/mo HOA · 35% of rent ↓ 10% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +4.3/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Key facts

• Built 2014
• Listed 43 days

Property features AI

Finance

• HOA & community: Mandatory HOA; HOA fee $455 monthly; Association transfer fee $455

Exterior

• Utilities: City water; City sewer; Water and sewer system available
• Home design: Pre-owned property; Approximate age: 12 years
• Construction: Composition roof
• Exterior features: Siding exterior; Subdivision: Village Park; Park/playground in the neighborhood

Interior

• Kitchen: Self-cleaning oven; Refrigerator; Dishwasher
• Bedrooms: Master bedroom (12 x 14) with walk-in closet and ceiling fan — split bedroom plan; Bedroom 2 (10 x 10); Bedroom 3 (9 x 10)
• Flooring: Linoleum flooring
• Bathrooms: Two full bathrooms; Master bath with tub/shower combination (8 x 12)
• Heating & cooling: Central heating (electric); Central air conditioning (1 unit)
• Interior features: Living/dining room combination; One living area; Utility room inside; All window coverings remain
• Laundry & utility: Washer connection; Dryer connection

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $47k.

Deal economics

• At list price, monthly cash flow is $216 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $47k).
• Recommended offer: $46k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.8% vs local median 5.4% in Kingsville — 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 70/100 on livability (#364 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D+, employment D, amenities F.
• Kingsville ISD (town): math 13% / reading 22% proficiency, ranked #800 of 826 in TX (top 97%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+7.2%/yr); 216 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 24 units permitted in Kleberg County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $325 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Kleberg County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 7.2% rent growth), your $13k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($46k) is reasonable based on typical stale-listing flexibility.
• 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: HOA is 35% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $45,590 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 2.77% ✓
• Cap rate: 11.82%
• Cash-on-cash: 19.73%
• DSCR: 1.88
• GRM: 3.0

CMA / ARV

• ARV (median comp): $121,847
• List price: $47,000
• Delta: -61.43%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 7.18% rent growth · sell at horizon

5-year hold

• IRR: 20.7%
• Equity multiple: 1.93×
• Total profit: $12,193
• Equity at exit: $7,008

10-year hold

• IRR: 33.4%
• Equity multiple: 5.20×
• Total profit: $55,206
• Equity at exit: $4,064

Cash invested: $13,160 (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 78363

• Rents YoY: 7.2%
• Active inventory: 216
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,303 high
• Mortgage (P&I): −$246
• Tax from tax record: −$92 /mo · $1,105/yr
• Insurance: −$20
• HOA: −$455
• Vacancy / Maint / Mgmt: −$274
• Net cashflow: $216

Break-even live

Break-even rent $1,029

Max offer price $47,000

Occupancy floor 78%

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: $11,750
• Closing costs: $1,410
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
503 W Mesquite Ave Kingsville, TX	3.0	2.0	1400	$1,500	$1.07	13d	1	0.31mi
704 W Corral Ave Unit 503 Kingsville, TX	2.0	1.0	935	$995	$1.06	43d	1	0.42mi
704 W Corral Ave Unit 402 Kingsville, TX	2.0	1.0	935	$895	$0.96	43d	1	0.42mi
704 W Corral Ave Kingsville, TX	1.0–2.0	1.0	814	$995	$1.22	2d	7	0.43mi
704 W Corral Ave Kingsville, TX	2.0	1.0	935	$865	$0.93	43d	1	0.43mi
710 E C Ave Kingsville, TX	3.0	2.0	1248	$1,250	$1.00	13d	1	0.69mi

HOA detail

• Monthly dues: $455 · $5,460/yr

Listing history 19 events

1. 2026-06-19
   days on market $47,000 Active 44 DOM
2. 2026-06-18
   days on market $47,000 Active 43 DOM
3. 2026-06-17
   days on market $47,000 Active 42 DOM
4. 2026-06-16
   days on market $47,000 Active 41 DOM
5. 2026-06-15
   days on market $47,000 Active 40 DOM
6. 2026-06-14
   days on market $47,000 Active 38 DOM
7. 2026-06-12
   days on market $47,000 Active 37 DOM
8. 2026-06-09
   days on market $47,000 Active 34 DOM
9. 2026-06-08
   days on market $47,000 Active 33 DOM
10. 2026-06-07
    days on market $47,000 Active 32 DOM
11. 2026-06-05
    days on market $47,000 Active 29 DOM
12. 2026-06-03
    days on market $47,000 Active 28 DOM
13. 2026-06-02
    days on market $47,000 Active 27 DOM
14. 2026-06-01
    days on market $47,000 Active 26 DOM
15. 2026-05-31
    days on market $47,000 Active 25 DOM
16. 2026-05-30
    days on market $47,000 Active 24 DOM
17. 2026-05-06
    listed $47,000 New
18. 2026-03-06
    historical
19. 2026-02-18
    listed $52,000 New

ⓘ 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: $1,105 · $92/mo
• Projected year-2 tax: $1,105 · $92/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 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥111°F today · 22 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: $15,637
• − Mortgage interest: −$2,633
• − Property taxes: −$1,105
• − Insurance: −$235
• − Repairs & maintenance: −$1,251
• − Management: −$1,251
• − HOA: −$5,460
• − Depreciation: −$1,367
• Taxable income: $2,336
• Est. tax owed @ 24.0%: −$561
• After-tax cash flow: $2,036/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: Kingsville ISD
• NCES district ID: 4825680
• Math proficiency: 13% ▼ -22.00%
• Reading proficiency: 22% ▼ -7.00%
• Median HH income: $36,308
• Composite: 14.5/100
• National rank: #9425
• State rank: #800 of 826 in TX

Livability — Kingsville

• Score: 70/100
• State rank: #364
• US rank: #7787

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: Kingsville, TX
• County: Kleberg County · 28,920 people
• City population: 28,920
• Metro: Kingsville, TX
• Population (ZIP): 28,920
• Household income: $60,574
• Rent vs Own: 49.3% rent · 50.7% own
• Severe rent burden: 1663.0

Population outlook (Kleberg County) Hauer SSP2

• Today (2025): 31,615 people
• By 2030: 32,054 · +1.4%
• By 2040: 33,008 · +4.4%
• By 2050: 34,536 · +9.2%
• By 2075: 40,931 · +29.5%
• By 2100: 46,001 · +45.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (72%)
• Race & ethnicity: Hispanic / Latino 72% Two or more races 36% White 20% Black 3% Asian 1% Native American 1%
• Hispanic origin (detail): Mexican 67%
• Common ancestry: Italian 2% Slovak 1% Portuguese 1%
• Foreign-born: 7% · Canada, China
• Languages at home: 65% English-only · Spanish 32% Other Indo-European 1%

Political lean MEDSL · Kleberg

• 2024 margin: R (+12.7) · D 43.3% · R 56.1%
• 2008→2024 swing: -20.0pp toward R · 2008: 7.2pp · 2024: -12.7pp
• All cycles: 2024: R+12.7 2020: R+1.7 2016: D+3.7 2012: D+7.8 2008: D+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -87.12%
• Current HPI: 147.6473
• Rent YoY: ▲ 7.18%
• Metro: Kingsville, 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

-9.6% since first listed

3 events — show timeline

• 2026-05-06 Listed $47,000 LERA
• 2026-03-06 Listing Removed — LERA
• 2026-02-18 Listed $52,000 LERA

Property tax history

+1.3%/yr

Latest (2025): $1,105 · +9.8% YoY. Source: county tax records.