414 W Linda Ave · Harlingen, TX 78550

$185,000

4 bd · 3.0 ba · 2,625 sqft · SingleFamily public records · 297 Days on market

Built 1957 0.51 ac lot $70/sqft · 28% below area Est $258k · 28% under

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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 +17.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.7/10.0
• DSCR +5.3/10.0
• 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

please make appointments 24hr in advance

Key facts

• 0.51 acre lot
• 2 garage spots
• Built 1957

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $124 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Recommended offer: $163k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.1% 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-, commute F, employment 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.
• Zoned schools: Long El (math 29% / reading 31%, grade F, #2,500 of 4,322 statewide, top 58%, 548 students, 84% FRL); Memorial Middle (math 23% / reading 33%, grade F, #1,143 of 1,662 statewide, top 69%, 751 students, 89% FRL); Harlingen H S (math 32% / reading 22%, grade F, #1,204 of 1,632 statewide, top 75%, 1,942 students, 82% FRL).
• Market conditions: Rents rising (+3.5%/yr); 468 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 2,326 units permitted in Cameron County in 2024 (503 in 5+ unit buildings).
• At $1,980/mo this rent would consume 48% of the median local household income ($49k/yr) (locally 2251% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 297 days — a 12% lower offer ($163k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.5% of price; built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $162,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 297 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 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.07% ✓
• Cap rate: 7.10%
• Cash-on-cash: 2.87%
• DSCR: 1.13
• GRM: 7.8

CMA / ARV

• ARV (median comp): $257,615
• List price: $185,000
• Delta: -28.19%
• Verdict: UNDERPRICED
• Comps: 14 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.45% rent growth · sell at horizon

5-year hold

• IRR: -11.1%
• Equity multiple: 0.59×
• Total profit: $-21,062
• Equity at exit: $27,584

10-year hold

• IRR: -1.1%
• Equity multiple: 0.92×
• Total profit: $-3,933
• Equity at exit: $15,995

Cash invested: $51,800 (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: 468
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,980 high
• Mortgage (P&I): −$970
• Tax from tax record: −$393 /mo · $4,715/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$416
• Net cashflow: $124

Break-even live

Break-even rent $1,823

Max offer price $185,000

Occupancy floor 89%

Sensitivity live

Price	-10% $229	-5% $176	+0% $124	+5% $71	+10% $19
Rent	-10% $-33	-5% $46	+0% $124	+5% $202	+10% $280
Rate	-1.0pp $217	-0.5pp $171	base $124	+0.5pp $76	+1.0pp $27

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
421 Jennifer Ct Harlingen, TX	3.0	2.0	2027	$1,975	$0.97	22d	1	0.59mi
918 E Leggett Rd Harlingen, TX	3.0	2.0	1756	$1,700	$0.97	22d	1	0.87mi
22886 Briggs Coleman Rd Harlingen, TX	3.0	3.0	2854	$2,700	$0.95	15d	1	0.93mi
2706 Jeff St Harlingen, TX	4.0	2.0	2007	$2,100	$1.05	22d	1	0.93mi
2605 E Mark Cir Harlingen, TX	4.0	3.0	2437	$2,400	$0.98	46d	1	1.04mi
914 E Carrol St Harlingen, TX	3.0	2.5	1914	$1,700	$0.89	22d	1	1.16mi
1309 Summerfield Ln Harlingen, TX	3.0	2.0	2127	$2,100	$0.99	45d	1	1.19mi
1622 Gabriels Lndg Harlingen, TX	4.0	2.0	2200	$2,000	$0.91	45d	1	1.32mi
1626 Christians Cir Harlingen, TX	3.0	2.0	1827	$2,200	$1.20	15d	1	1.34mi

Listing history 17 events

1. 2026-06-22
   days on market $185,000 Active 297 DOM
2. 2026-06-18
   days on market $185,000 Active 294 DOM
3. 2026-06-17
   days on market $185,000 Active 293 DOM
4. 2026-06-16
   days on market $185,000 Active 292 DOM
5. 2026-06-15
   days on market $185,000 Active 291 DOM
6. 2026-06-14
   days on market $185,000 Active 289 DOM
7. 2026-06-10
   days on market $185,000 Active 286 DOM
8. 2026-06-09
   days on market $185,000 Active 285 DOM
9. 2026-06-08
   days on market $185,000 Active 284 DOM
10. 2026-06-07
    days on market $185,000 Active 283 DOM
11. 2026-06-03
    days on market $185,000 Active 279 DOM
12. 2026-06-02
    days on market $185,000 Active 278 DOM
13. 2026-06-01
    days on market $185,000 Active 277 DOM
14. 2026-05-31
    days on market $185,000 Active 276 DOM
15. 2026-05-30
    days on market $185,000 Active 275 DOM
16. 2025-08-27
    listed $185,000 Active 40-char remark

    Show marketing remark (40 chars)

    please make appointments 24hr in advance

17. 2023-04-25
    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: $4,715 · $393/mo
• Projected year-2 tax: $4,715 · $393/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 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥110°F today · 24 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: $23,756
• − Mortgage interest: −$10,363
• − Property taxes: −$4,715
• − Insurance: −$925
• − Repairs & maintenance: −$1,901
• − Management: −$1,901
• − Depreciation: −$5,382
• Taxable loss: −$1,429
• Est. tax savings @ 24.0%: +$343
• After-tax cash flow: $1,829/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

2 events — show timeline

• 2025-08-27 Listed $185,000 RGVMLS
• 2023-04-25 Sold (Public Records) — Public Records

Property tax history

+7.0%/yr

Latest (2025): $4,715 · +0.2% YoY. Source: county tax records.