805 N Anaqua St · La Feria, TX 78559

$155,000

3 bd · 2.0 ba · 1,248 sqft · SingleFamily public records · 16 Days on market

Built 2015 1,248 sqft lot $124/sqft · 23% below area Est $201k · 23% under

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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).

• ARV discount +15.0/15.0
• Cash flow +9.6/30.0
• Livability +3.2/5.0
• DSCR +2.7/10.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• 1% rule +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well maintained double wide mobile home in the highly sought after over 55 community of Palmera Heights in which you own the land as well. Call Heather at 361-246-6120 to schedule your showing today.

Key facts

• Ample storage space
• Quartz countertops
• Expansive kitchen

Tags

• EXPANSIVE KITCHEN
• QUARTZ COUNTERTOPS
• PRIVATE PATIO
• TWO POWER GATES
• AMPLE STORAGE SPACE
• 30 AMP ELECTRICAL OUTLETS

Property features AI

Finance

• Other: Directions available for property access
• HOA & community: Homeowners association with annual fees

Exterior

• Parking: Attached garage
• Utilities: Public water; Public sewer; Electric service
• Home design: Manufactured home; Residential property; Single-story
• Construction: Vinyl siding; Composition roof
• Exterior features: Composition roof; Located in the Palmera Heights subdivision; Lot approximately 0.1391 acres; Located within a senior community

Interior

• Kitchen: Appliances included (washer, dryer, electric water heater)
• Bedrooms: Single-story layout
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air; Ceiling fan(s)
• Interior features: Electric water heater; Washer and Dryer included; Ceiling fans; Central air
• Laundry & utility: Washer and dryer on-site

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $-105 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $137k (11.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $106k (31.6% below list).
• Recommended offer: $106k (31.6% below list) — sets the bar for 1% rule.
• Cap rate 5.5% vs local median 4.4% in La Feria — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 65/100 on livability (#667 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D+, amenities F, commute F.
• La Feria ISD (suburban): math 27% / reading 35% proficiency, ranked #630 of 826 in TX (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Sam Houston El (math 27% / reading 32%, grade F, #2,525 of 4,322 statewide, top 62%, 440 students, 87% FRL); W B Green J H (math 24% / reading 35%, grade F, #1,077 of 1,662 statewide, top 66%, 454 students, 85% FRL); La Feria H S (math 32% / reading 52%, grade F, #730 of 1,632 statewide, top 47%, 909 students, 85% FRL) — zoned schools average 85% FRL vs 50% district-wide (36 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 260 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 47% 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 $1k of loan paydown is wiped out by about $5k 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 16 days — a 2% lower offer ($153k) is reasonable based on typical stale-listing flexibility.
• 2 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

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $105,990 (31.6% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is D 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?
4. 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?
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: 0.68% ✗
• Cap rate: 5.48%
• Cash-on-cash: -2.89%
• DSCR: 0.87
• GRM: 12.2

CMA / ARV

• ARV (median comp): $200,669
• List price: $155,000
• Delta: -20.52%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1401 W Drift St	0.57mi	3/2.0	1,150 (-8%)	14mo	$209,000	$182	49
315 N Drift St N	0.74mi	3/2.0	1,112 (-11%)	4mo	$212,700	$191	44
205 S Drift St	0.71mi	3/2.0	1,165 (-7%)	14mo	$209,000	$179	44
217 S Drift St	0.74mi	3/2.0	1,150 (-8%)	11mo	$209,900	$183	43
314 N Drift St N	0.55mi	3/2.0	1,160 (-7%)	23mo	$204,000	$176	43
307 Drift St	0.57mi	3/2.0	1,150 (-8%)	23mo	$204,000	$177	41
317 S Drift St	0.75mi	3/2.0	1,150 (-8%)	16mo	$209,000	$182	38

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -21.2%
• Equity multiple: 0.27×
• Total profit: $-31,848
• Equity at exit: $23,111

10-year hold

• IRR: -14.8%
• Equity multiple: 0.16×
• Total profit: $-36,575
• Equity at exit: $13,402

Cash invested: $43,400 (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 78559

• Home prices YoY: -6.1%
• Active inventory: 260
• Price-to-rent: 12.2×

Monthly cashflow live

• Estimated rent: $1,060 high
• Mortgage (P&I): −$813
• Tax from tax record: −$65 /mo · $775/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$223
• Net cashflow: $-105

Break-even live

Break-even rent $1,192

Max offer price $136,507

Occupancy floor —

Sensitivity live

Price	-10% $-17	-5% $-61	+0% $-105	+5% $-149	+10% $-192
Rent	-10% $-188	-5% $-147	+0% $-105	+5% $-63	+10% $-21
Rate	-1.0pp $-27	-0.5pp $-65	base $-105	+0.5pp $-145	+1.0pp $-186

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
910 S Palmera Dr La Feria, TX	2.0	2.0	1480	$950	$0.64	15d	1	0.16mi
508 6th St Unit A La Feria, TX	2.0	2.0	926	$1,000	$1.08	23d	1	0.44mi
405 Lion's Villa Ave Unit 15 La Feria, TX	2.0	1.5	992	$999	$1.01	15d	1	0.52mi
300 Cub Cir Unit 2 La Feria, TX	2.0	1.5	966	$1,050	$1.09	45d	1	0.68mi
200 Cub Cir La Feria, TX	2.0	1.5	966	$1,024	$1.06	15d	1	0.72mi
2328 S Valley Cir Unit A La Feria, TX	2.0	2.0	954	$1,100	$1.15	45d	1	0.93mi
2114 E Valley Cir Unit B La Feria, TX	2.0	2.0	954	$1,100	$1.15	15d	1	0.95mi
2432 S Valley Cir Unit B La Feria, TX	3.0	2.0	1149	$1,275	$1.11	45d	1	0.97mi
2332 S Valley Cir Unit A La Feria, TX	2.0	2.0	954	$1,000	$1.05	15d	1	0.98mi
2225 S Valley Cir Unit B La Feria, TX	3.0	2.0	980	$1,225	$1.25	45d	1	1.00mi
2429 Summit Rd Unit B La Feria, TX	2.0	2.0	965	$1,150	$1.19	23d	1	1.04mi
2228 N Valley Cir Unit A La Feria, TX	3.0	2.0	980	$1,225	$1.25	15d	1	1.04mi
2226 N Valley Cir Unit B La Feria, TX	3.0	2.0	980	$1,225	$1.25	45d	1	1.04mi
2326 N Valley Cir Unit B La Feria, TX	3.0	2.0	980	$1,225	$1.25	45d	1	1.05mi
2526 N Valley Cir Unit A La Feria, TX	2.0	2.0	786	$1,125	$1.43	45d	1	1.09mi

Listing history 25 events

1. 2026-06-21
   days on market $155,000 Active 16 DOM
2. 2026-06-18
   days on market $155,000 Active 13 DOM
3. 2026-06-17
   days on market $155,000 Active 12 DOM
4. 2026-06-16
   days on market $155,000 Active 11 DOM
5. 2026-06-15
   days on market $155,000 Active 10 DOM
6. 2026-06-14
   days on market $155,000 Active 8 DOM
7. 2026-06-13
   days on market $155,000 Active 7 DOM
8. 2026-06-10
   days on market $155,000 Active 5 DOM
9. 2026-06-09
   days on market $155,000 Active 4 DOM
10. 2026-06-08
    days on market $155,000 Active 3 DOM
11. 2026-06-07
    pricedays on marketlisting id $155,000 Active 2 DOM
12. 2026-06-03
    days on market $159,500 Active 239 DOM
13. 2026-06-02
    days on market $159,500 Active 238 DOM
14. 2026-06-01
    days on market $159,500 Active 237 DOM
15. 2026-05-31
    days on market $159,500 Active 236 DOM
16. 2026-05-30
    days on market $159,500 Active 235 DOM
17. 2026-03-26
    status Active 856-char remark
18. 2026-03-17
    status Pending 856-char remark
19. 2026-03-17
    status Active 856-char remark
20. 2026-02-23
    status Pending 856-char remark
21. 2025-10-18
    price $167,500 856-char remark
22. 2025-08-23
    listed $177,500 Active 856-char remark
23. 2023-10-30
    soldstatus Closed 199-char remark

    Show marketing remark (199 chars)

    Well maintained double wide mobile home in the highly sought after over 55 community of Palmera Heights in which you own the land as well. Call Heather at 361-246-6120 to schedule your showing today.

24. 2023-09-08
    status Pending 199-char remark

    Show marketing remark (199 chars)

    Well maintained double wide mobile home in the highly sought after over 55 community of Palmera Heights in which you own the land as well. Call Heather at 361-246-6120 to schedule your showing today.

25. 2023-07-06
    listed $125,000 Active 199-char remark

    Show marketing remark (199 chars)

    Well maintained double wide mobile home in the highly sought after over 55 community of Palmera Heights in which you own the land as well. Call Heather at 361-246-6120 to schedule your showing today.

ⓘ 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: $775 · $65/mo
• Projected year-2 tax: $2,836 · $236/mo
• Expected delta: +$2,061/yr (+$172/mo · 266.0%)

ⓘ 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) · 73% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 20 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: $12,719
• − Mortgage interest: −$8,682
• − Property taxes: −$775
• − Insurance: −$775
• − Repairs & maintenance: −$1,018
• − Management: −$1,018
• − Depreciation: −$4,509
• Taxable loss: −$4,058
• Est. tax savings @ 24.0%: +$974
• After-tax cash flow: $-282/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: La Feria ISD
• NCES district ID: 4826040
• Math proficiency: 27% ▼ -25.00%
• Reading proficiency: 35% ▼ -4.00%
• Median HH income: $33,306
• Composite: 25.41/100
• National rank: #7460
• State rank: #630 of 826 in TX

Livability — La Feria

• Score: 65/100
• State rank: #667
• US rank: #12330

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: La Feria, TX
• Population (ZIP): 12,752

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 (91%)
• Race & ethnicity: Hispanic / Latino 91% Two or more races 35% White 8%
• Hispanic origin (detail): Mexican 87%
• Common ancestry: Slovak 1% Lithuanian 1%
• Foreign-born: 17% · Canada
• Languages at home: 40% English-only · Spanish 60%

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: ▼ -12.21%
• Current HPI: 187.8512
• 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

+24.0% since first listed

6 events — show timeline

• 2026-06-05 Listed $155,000 RGVMLS
• 2026-05-21 Price Changed $159,500 RGVMLS
• 2025-10-18 Price Changed $167,500 RGVMLS
• 2023-10-30 Sold (MLS) — RGVMLS
• 2023-09-08 Pending — RGVMLS
• 2023-07-06 Listed $125,000 RGVMLS

Property tax history

-5.0%/yr

Latest (2025): $775 · +3.1% YoY. Source: county tax records.