513 Graneros Ave · Laredo, TX 78046

$205,000

3 bd · 2.0 ba · 1,304 sqft · SingleFamily public records · 27 Days on market

Built 2021 Good condition 5,184 sqft lot $17/mo HOA · 1% of rent

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Why this score? — see what drove the D 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 +13.6/30.0
• ARV discount +7.5/15.0
• 1% rule +4.3/10.0
• DSCR +4.1/10.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• 5,184 sq ft lot
• Built 2021
• Listed 26 days

Property features AI

Finance

• Other: Located in the Las Fincas subdivision
• HOA & community: Homeowners association with $200 annual fee (about $16.67/month)

Exterior

• Parking: Concrete parking
• Security: Smoke detector(s)
• Utilities: Public water; Underground utilities
• Home design: Single family residence; 1 story
• Construction: Stucco construction; Slab foundation
• Exterior features: Wood fencing; Level lot

Interior

• Kitchen: Microwave; Electric water heater
• Flooring: Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Electric heating; Central air conditioning; Ceiling fan(s)
• Interior features: Walk-in closet(s)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $205k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $13 ($155/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $190k (7.3% below list).
• Recommended offer: $190k (7.3% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 4.1% in Laredo — 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 (#227 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, employment D+, amenities F.
• United ISD (urban): math 27% / reading 38% proficiency, ranked #568 of 826 in TX (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Judith Zaffirini El (math 22% / reading 37%, grade F, #2,525 of 4,322 statewide, top 62%, 636 students, 83% FRL); Antonio Gonzalez Middle (math 24% / reading 35%, grade F, #1,077 of 1,662 statewide, top 66%, 660 students, 88% FRL); United South H S (math 44% / reading 44%, grade F, #697 of 1,632 statewide, top 43%, 3,243 students, 85% FRL).
• Market conditions: 485 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,448 units permitted in Webb County in 2024 (245 in 5+ unit buildings).

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.
• Webb County population projected at +23% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($202k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $190,000 (7.3% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
4. 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.
5. 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.
6. 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: 0.93% ✗
• Cap rate: 6.37%
• Cash-on-cash: 0.27%
• DSCR: 1.01
• GRM: 9.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -15.8%
• Equity multiple: 0.44×
• Total profit: $-32,324
• Equity at exit: $30,566

10-year hold

• IRR: -7.4%
• Equity multiple: 0.53×
• Total profit: $-26,794
• Equity at exit: $17,725

Cash invested: $57,400 (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 78046

• Home prices YoY: -13.0%
• Active inventory: 485
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,900 medium
• Mortgage (P&I): −$1,075
• Tax from tax record: −$311 /mo · $3,728/yr
• Insurance: −$85
• HOA: −$17
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $13

Break-even live

Break-even rent $1,884

Max offer price $205,000

Occupancy floor 94%

Sensitivity live

Price	-10% $129	-5% $71	+0% $13	+5% $-45	+10% $-103
Rent	-10% $-137	-5% $-62	+0% $13	+5% $88	+10% $163
Rate	-1.0pp $116	-0.5pp $65	base $13	+0.5pp $-40	+1.0pp $-94

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: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1426 Los Estribos Dr Laredo, TX	3.0	2.0	1492	$1,900	$1.27	45d	1	0.47mi

HOA detail

• Monthly dues: $17 · $204/yr

Listing history 18 events

1. 2026-06-21
   days on market $205,000 Active 27 DOM
2. 2026-06-19
   days on market $205,000 Active 25 DOM
3. 2026-06-18
   days on market $205,000 Active 24 DOM
4. 2026-06-17
   days on market $205,000 Active 23 DOM
5. 2026-06-16
   days on market $205,000 Active 22 DOM
6. 2026-06-15
   days on market $205,000 Active 21 DOM
7. 2026-06-14
   days on market $205,000 Active 19 DOM
8. 2026-06-13
   days on market $205,000 Active 18 DOM
9. 2026-06-10
   days on market $205,000 Active 16 DOM
10. 2026-06-09
    days on market $205,000 Active 15 DOM
11. 2026-06-08
    days on market $205,000 Active 14 DOM
12. 2026-06-07
    days on market $205,000 Active 13 DOM
13. 2026-06-03
    days on market $205,000 Active 9 DOM
14. 2026-06-02
    days on market $205,000 Active 8 DOM
15. 2026-06-01
    days on market $205,000 Active 7 DOM
16. 2026-05-31
    days on market $205,000 Active 6 DOM
17. 2026-05-30
    days on market $205,000 Active 5 DOM
18. 2026-05-25
    listed $205,000 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: $3,728 · $311/mo
• Projected year-2 tax: $3,752 · $313/mo
• Expected delta: +$24/yr (+$2/mo · 0.6%)

ⓘ 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 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥110°F today · 23 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $22,800
• − Mortgage interest: −$11,483
• − Property taxes: −$3,728
• − Insurance: −$1,025
• − Repairs & maintenance: −$1,824
• − Management: −$1,824
• − HOA: −$204
• − Depreciation: −$5,964
• Taxable loss: −$3,251
• Est. tax savings @ 24.0%: +$780
• After-tax cash flow: $935/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 single-family home is in good condition with a good condition score of 80. It has a cosmetic rehab level and requires minor maintenance and updates to enhance its resale and rental value.

Value-add opportunities

• Resale Paint exterior walls — Fresh paint can enhance curb appeal and property value.
• Resale Trim and paint interior trim — Fresh trim and paint can make the interior look more updated and inviting.
• Rental Clean and maintain HVAC system — A well-maintained HVAC system ensures comfort and can attract renters.
• Both Landscaping and curb appeal — A well-maintained yard and curb appeal can attract both buyers and renters, increasing property value.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior walls — Fresh paint can enhance curb appeal and property value. ↑
• Resale Trim and paint interior trim — Fresh trim and paint can make the interior look more updated and inviting. ↑
• Rental Clean and maintain HVAC system — A well-maintained HVAC system ensures comfort and can attract renters. ↑
• Both Landscaping and curb appeal — A well-maintained yard and curb appeal can attract both buyers and renters, increasing property value. ↑

ⓘ 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: United ISD
• NCES district ID: 4843650
• Math proficiency: 27% ▼ -36.00%
• Reading proficiency: 38% ▼ -11.00%
• Median HH income: $47,780
• Composite: 28.02/100
• National rank: #6848
• State rank: #568 of 826 in TX

Livability — Laredo

• Score: 73/100
• State rank: #227
• US rank: #5399

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: Laredo, TX
• City population: 67,333
• Population (ZIP): 71,965

Population outlook (Webb County) Hauer SSP2

• Today (2025): 301,387 people
• By 2030: 316,307 · +5.0%
• By 2040: 345,636 · +14.7%
• By 2050: 370,647 · +23.0%
• By 2075: 413,907 · +37.3%
• By 2100: 416,458 · +38.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (97%)
• Race & ethnicity: Hispanic / Latino 97% Two or more races 53% White 2%
• Hispanic origin (detail): Mexican 92%
• Foreign-born: 22% · Canada
• Languages at home: 9% English-only · Spanish 91%

Political lean MEDSL · Webb

• 2024 margin: Toss-up / Even · D 48.5% · R 50.7%
• 2008→2024 swing: -45.6pp toward R · 2008: 43.4pp · 2024: -2.2pp
• All cycles: 2024: R+2.2 2020: D+23.3 2016: D+51.6 2012: D+54.0 2008: D+43.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -29.36%
• Current HPI: 196.8153
• 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

1 event — show timeline

• 2026-05-25 Listed $205,000 LAOR

Property tax history

-4.0%/yr

Latest (2025): $3,728 · -2.3% YoY. Source: county tax records.