2719 N Ohio Ave · Weslaco, TX 78599

$249,999

4 bd · 3.0 ba · 2,552 sqft · SingleFamily public records · 94 Days on market

Built 1984 7,706 sqft lot Est $360k · 31% under

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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 +25.6/30.0
• ARV discount +15.0/15.0
• DSCR +8.5/10.0
• 1% rule +7.4/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.3/10.0

Listing remarks MLS

* PRICE REDUCTION to $155,000 * Discover the potential in this spacious fixer-upper, perfectly suited for the FHA 203K renovation loan. This two story home offers 3 bedrooms, 3 bathrooms, with a large kitchen and easy access to the backyard. There is one bedroom located on the first floor. This home is located in an established neighborhood with large mature trees. Don't miss this opportunity to create your dream home.

Key facts

• Majestic oak trees
• Private oasis
• 7,706 sq ft lot

Tags

• OPEN-CONCEPT FLOOR PLAN
• PRIVATE OASIS
• MAJESTIC OAK TREES
• QUICK ACCESS TO TOP SCHOOLS
• QUICK ACCESS TO SHOPPING
• QUICK ACCESS TO EXPRESSWAYS

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $590 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Recommended offer: $227k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.1% 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: Rodolfo Rudy Silva Jr El (math 2% / reading 12%, grade F, #4,307 of 4,322 statewide, top 100%, 600 students, 85% FRL); Weslaco H S (math 25% / reading 33%, grade F, #1,147 of 1,632 statewide, top 71%, 2,553 students, 73% FRL) — zoned schools average 79% FRL vs 59% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 231 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 7,378 units permitted in Hidalgo County in 2024 (641 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• 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 94 days — a 9% lower offer ($227k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 3y ago; this cycle's ask has dropped $20k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: 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 $227,499 (9.0% below list)

Questions for the listing agent

1. It's been on market 94 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.24% ✓
• Cap rate: 9.13%
• Cash-on-cash: 10.11%
• DSCR: 1.45
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $359,832
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2719 N Ohio Ave	0.00mi	3/3.5 (-1)	2,552 (0%)	1mo	$249,999	$98	92
2405 Highland Dr	0.22mi	4/3.0	2,517 (-1%)	13mo	$329,000	$131	77
5413 Jay Ln	0.26mi	4/3.5	2,355 (-8%)	8mo	$465,000	$197	66
5377 Aaron Ln	0.26mi	4/3.5	2,257 (-12%)	9mo	$425,000	$188	59
717 N Park Place Dr	0.62mi	4/3.5	2,414 (-5%)	2mo	$389,900	$162	58
3501 Everglade Dr	0.67mi	4/2.5	2,397 (-6%)	3mo	$339,000	$141	54
1827 W Washington St W	0.69mi	4/2.5	2,436 (-4%)	13mo	$229,000	$94	47
416 Delma St	0.56mi	4/3.0	2,239 (-12%)	9mo	$274,000	$122	46
609 N Park Place Dr	0.63mi	4/2.5	2,250 (-12%)	20mo	$375,000	$167	32

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: -1.1%
• Equity multiple: 0.96×
• Total profit: $-2,809
• Equity at exit: $37,276

10-year hold

• IRR: 8.7%
• Equity multiple: 1.66×
• Total profit: $46,440
• Equity at exit: $21,615

Cash invested: $70,000 (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 78599

• Home prices YoY: -3.7%
• Active inventory: 231
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $3,089 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$435 /mo · $5,221/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$649
• Net cashflow: $590

Break-even live

Break-even rent $2,342

Max offer price $249,999

Occupancy floor 76%

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3208 N Westgate Dr Weslaco, TX	4.0	3.0	3347	$3,500	$1.05	14d	1	0.65mi
2002 W Roosevelt St Weslaco, TX	5.0	3.0	3161	$2,600	$0.82	23d	1	0.82mi

Listing history 34 events

1. 2026-04-25
   status Pending
2. 2026-04-24
   historical Option
3. 2026-02-25
   price $249,999
4. 2026-02-25
   price $259,900
5. 2026-01-19
   listed $269,900 Active
6. 2025-12-04
   price $273,900
7. 2025-11-04
   price $289,900
8. 2025-08-20
   listed $299,900 Active
9. 2025-02-21
   soldstatus
10. 2025-02-21
    soldstatus
11. 2025-02-11
    soldstatus Closed 423-char remark

    Show marketing remark (423 chars)

    * PRICE REDUCTION to $155,000 * Discover the potential in this spacious fixer-upper, perfectly suited for the FHA 203K renovation loan. This two story home offers 3 bedrooms, 3 bathrooms, with a large kitchen and easy access to the backyard. There is one bedroom located on the first floor. This home is located in an established neighborhood with large mature trees. Don't miss this opportunity to create your dream home.

12. 2025-02-11
    soldstatus Sold

    Show marketing remark (423 chars)

    * PRICE REDUCTION to $155,000 * Discover the potential in this spacious fixer-upper, perfectly suited for the FHA 203K renovation loan. This two story home offers 3 bedrooms, 3 bathrooms, with a large kitchen and easy access to the backyard. There is one bedroom located on the first floor. This home is located in an established neighborhood with large mature trees. Don't miss this opportunity to create your dream home.

13. 2025-01-07
    soldstatus
14. 2024-12-27
    soldstatus
15. 2024-12-27
    soldstatus
16. 2024-10-18
    status Pending

    Show marketing remark (423 chars)

    * PRICE REDUCTION to $155,000 * Discover the potential in this spacious fixer-upper, perfectly suited for the FHA 203K renovation loan. This two story home offers 3 bedrooms, 3 bathrooms, with a large kitchen and easy access to the backyard. There is one bedroom located on the first floor. This home is located in an established neighborhood with large mature trees. Don't miss this opportunity to create your dream home.

17. 2024-10-18
    status Pending 423-char remark

    Show marketing remark (423 chars)

    * PRICE REDUCTION to $155,000 * Discover the potential in this spacious fixer-upper, perfectly suited for the FHA 203K renovation loan. This two story home offers 3 bedrooms, 3 bathrooms, with a large kitchen and easy access to the backyard. There is one bedroom located on the first floor. This home is located in an established neighborhood with large mature trees. Don't miss this opportunity to create your dream home.

18. 2024-10-10
    status Active 423-char remark

    Show marketing remark (423 chars)

    * PRICE REDUCTION to $155,000 * Discover the potential in this spacious fixer-upper, perfectly suited for the FHA 203K renovation loan. This two story home offers 3 bedrooms, 3 bathrooms, with a large kitchen and easy access to the backyard. There is one bedroom located on the first floor. This home is located in an established neighborhood with large mature trees. Don't miss this opportunity to create your dream home.

19. 2024-10-10
    status Active

    Show marketing remark (423 chars)

    * PRICE REDUCTION to $155,000 * Discover the potential in this spacious fixer-upper, perfectly suited for the FHA 203K renovation loan. This two story home offers 3 bedrooms, 3 bathrooms, with a large kitchen and easy access to the backyard. There is one bedroom located on the first floor. This home is located in an established neighborhood with large mature trees. Don't miss this opportunity to create your dream home.

20. 2024-10-08
    historical Option
21. 2024-09-25
    price $155,000 423-char remark

    Show marketing remark (423 chars)

    * PRICE REDUCTION to $155,000 * Discover the potential in this spacious fixer-upper, perfectly suited for the FHA 203K renovation loan. This two story home offers 3 bedrooms, 3 bathrooms, with a large kitchen and easy access to the backyard. There is one bedroom located on the first floor. This home is located in an established neighborhood with large mature trees. Don't miss this opportunity to create your dream home.

22. 2024-09-25
    price $155,000

    Show marketing remark (423 chars)

    * PRICE REDUCTION to $155,000 * Discover the potential in this spacious fixer-upper, perfectly suited for the FHA 203K renovation loan. This two story home offers 3 bedrooms, 3 bathrooms, with a large kitchen and easy access to the backyard. There is one bedroom located on the first floor. This home is located in an established neighborhood with large mature trees. Don't miss this opportunity to create your dream home.

23. 2024-08-30
    status Active 423-char remark

    Show marketing remark (423 chars)

    * PRICE REDUCTION to $155,000 * Discover the potential in this spacious fixer-upper, perfectly suited for the FHA 203K renovation loan. This two story home offers 3 bedrooms, 3 bathrooms, with a large kitchen and easy access to the backyard. There is one bedroom located on the first floor. This home is located in an established neighborhood with large mature trees. Don't miss this opportunity to create your dream home.

24. 2024-08-28
    status Active
25. 2024-06-13
    status Pending 423-char remark

    Show marketing remark (423 chars)

    * PRICE REDUCTION to $155,000 * Discover the potential in this spacious fixer-upper, perfectly suited for the FHA 203K renovation loan. This two story home offers 3 bedrooms, 3 bathrooms, with a large kitchen and easy access to the backyard. There is one bedroom located on the first floor. This home is located in an established neighborhood with large mature trees. Don't miss this opportunity to create your dream home.

26. 2024-06-13
    status Pending

    Show marketing remark (423 chars)

    * PRICE REDUCTION to $155,000 * Discover the potential in this spacious fixer-upper, perfectly suited for the FHA 203K renovation loan. This two story home offers 3 bedrooms, 3 bathrooms, with a large kitchen and easy access to the backyard. There is one bedroom located on the first floor. This home is located in an established neighborhood with large mature trees. Don't miss this opportunity to create your dream home.

27. 2024-06-07
    price $165,000 423-char remark

    Show marketing remark (423 chars)

    * PRICE REDUCTION to $155,000 * Discover the potential in this spacious fixer-upper, perfectly suited for the FHA 203K renovation loan. This two story home offers 3 bedrooms, 3 bathrooms, with a large kitchen and easy access to the backyard. There is one bedroom located on the first floor. This home is located in an established neighborhood with large mature trees. Don't miss this opportunity to create your dream home.

28. 2024-06-07
    price $165,000

    Show marketing remark (423 chars)

    * PRICE REDUCTION to $155,000 * Discover the potential in this spacious fixer-upper, perfectly suited for the FHA 203K renovation loan. This two story home offers 3 bedrooms, 3 bathrooms, with a large kitchen and easy access to the backyard. There is one bedroom located on the first floor. This home is located in an established neighborhood with large mature trees. Don't miss this opportunity to create your dream home.

29. 2024-05-29
    listed $189,500 Active 423-char remark

    Show marketing remark (423 chars)

    * PRICE REDUCTION to $155,000 * Discover the potential in this spacious fixer-upper, perfectly suited for the FHA 203K renovation loan. This two story home offers 3 bedrooms, 3 bathrooms, with a large kitchen and easy access to the backyard. There is one bedroom located on the first floor. This home is located in an established neighborhood with large mature trees. Don't miss this opportunity to create your dream home.

30. 2024-05-22
    listed $189,500 Active
31. 2023-10-25
    price $199,500
32. 2023-10-24
    price $199,500
33. 2023-10-03
    price $224,500
34. 2023-07-20
    listed $249,900 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: $5,221 · $435/mo
• Projected year-2 tax: $5,221 · $435/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 · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 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: $37,068
• − Mortgage interest: −$14,004
• − Property taxes: −$5,221
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,965
• − Management: −$2,965
• − Depreciation: −$7,273
• Taxable income: $3,390
• Est. tax owed @ 24.0%: −$814
• After-tax cash flow: $6,267/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: 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): 35,400

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 (96%)
• Race & ethnicity: Hispanic / Latino 96% Two or more races 42% White 2%
• Hispanic origin (detail): Mexican 90%
• Foreign-born: 20% · Canada
• Languages at home: 19% English-only · Spanish 80%

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: ▼ -9.47%
• Current HPI: 243.5537
• 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

+0.0% since first listed

34 events — show timeline

• 2026-04-25 Pending — MCALLENMLS
• 2026-04-24 Contingent — MCALLENMLS
• 2026-02-25 Price Changed $249,999 MCALLENMLS
• 2026-02-25 Price Changed $259,900 MCALLENMLS
• 2026-01-19 Listed $269,900 MCALLENMLS
• 2025-12-04 Price Changed $273,900 MCALLENMLS
• 2025-11-04 Price Changed $289,900 MCALLENMLS
• 2025-08-20 Listed $299,900 MCALLENMLS
• 2025-02-21 Sold (Public Records) — Public Records
• 2025-02-21 Sold (Public Records) — Public Records
• 2025-02-11 Sold (MLS) — MCALLENMLS
• 2025-02-11 Sold (MLS) — RGVMLS
• 2025-01-07 Sold (Public Records) — Public Records
• 2024-12-27 Sold (Public Records) — Public Records
• 2024-12-27 Sold (Public Records) — Public Records
• 2024-10-18 Pending — MCALLENMLS
• 2024-10-18 Pending — RGVMLS
• 2024-10-10 Relisted — RGVMLS
• 2024-10-10 Relisted — MCALLENMLS
• 2024-10-08 Contingent — MCALLENMLS
• 2024-09-25 Price Changed $155,000 RGVMLS
• 2024-09-25 Price Changed $155,000 MCALLENMLS
• 2024-08-30 Relisted — RGVMLS
• 2024-08-28 Relisted — MCALLENMLS
• 2024-06-13 Pending — RGVMLS
• 2024-06-13 Pending — MCALLENMLS
• 2024-06-07 Price Changed $165,000 RGVMLS
• 2024-06-07 Price Changed $165,000 MCALLENMLS
• 2024-05-29 Listed $189,500 RGVMLS
• 2024-05-22 Listed $189,500 MCALLENMLS
• 2023-10-25 Price Changed $199,500 RGVMLS
• 2023-10-24 Price Changed $199,500 MCALLENMLS
• 2023-10-03 Price Changed $224,500 MCALLENMLS
• 2023-07-20 Listed $249,900 MCALLENMLS

Property tax history

+5.6%/yr

Latest (2025): $5,221 · +5.6% YoY. Source: county tax records.