129 N County Road 1012 · Ricardo, TX 78363

$38,000

3 bd · 1.0 ba · 2,196 sqft · SingleFamily public records · 5 Days on market

Built 1980 5.00 ac lot ↓ 16% since listing

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Rent growth +4.3/5.0
• Schools +3.8/10.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Three homes on 5 acres in Kingsville, Texas This unique property features a 3-bedroom, 1-bathroom home and a 3-bedroom, 2-bathroom home, offering endless possibilities. Whether you re looking to build your dream home, renovate the existing residences, or create an investment opportunity, this spacious land provides the perfect canvas. Come see it for yourself and explore the potential Buyers and buyers agent to verify any and all info. All auction properties are subject to a 5% buyers premium pursuant to the Event Agreement and Auction Terms & Conditions minimums will apply . Buyers and buyers agent to verify any and all info.

Key facts

• 5 acres
• Spacious land
• Unique property

Tags

• 5 ACRES
• UNIQUE PROPERTY
• INVESTMENT OPPORTUNITY
• SPACIOUS LAND

Property features AI

Finance

• HOA & community: Short-term rentals allowed

Exterior

• Parking: 1-car garage
• Utilities: No sewer service available
• Home design: Single-story; Wood siding exterior; Shingle roof; Pillar/post/pier foundation
• Construction: Wood siding construction; Shingle roof; Built on pillar/post/pier foundation
• Exterior features: No notable exterior features listed; Interior lot

Interior

• Flooring: Unfinished
• Bathrooms: 1 full bathroom
• Interior features: Split bedrooms; Unfinished flooring

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $38k.

Deal economics

• At list price, monthly cash flow is $935 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $38k).

Location & tenants

• Location reads 59/100 on livability (#1,151 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: health & safety C-, schools D+, employment D+.
• Ricardo ISD (rural): math 37% / reading 50% proficiency, ranked #277 of 826 in TX (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+7.2%/yr); 216 active listings in the ZIP; 24 units permitted in Kleberg County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($61k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $263 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 $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 4y 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

• Watch-outs: property tax is 4.1% of price.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $38,000

Questions for the listing agent

1. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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. 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?
6. 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.
7. 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.
8. 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: 4.26% ✓
• Cap rate: 35.82%
• Cash-on-cash: 105.44%
• DSCR: 5.69
• GRM: 2.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: —
• Equity multiple: 6.69×
• Total profit: $60,559
• Equity at exit: $5,666

10-year hold

• IRR: —
• Equity multiple: 16.17×
• Total profit: $161,456
• Equity at exit: $3,286

Cash invested: $10,640 (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: 2.0×

Monthly cashflow live

• Estimated rent: $1,619 medium
• Mortgage (P&I): −$199
• Tax from tax record: −$129 /mo · $1,549/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$340
• Net cashflow: $935

Break-even live

Break-even rent $436

Max offer price $38,000

Occupancy floor 37%

Sensitivity live

Price	-10% $956	-5% $946	+0% $935	+5% $924	+10% $913
Rent	-10% $807	-5% $871	+0% $935	+5% $999	+10% $1,063
Rate	-1.0pp $954	-0.5pp $945	base $935	+0.5pp $925	+1.0pp $915

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: $9,500
• Closing costs: $1,140
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-03
   statusdays on market $38,000 Pending 5 DOM
2. 2026-06-02
   days on market $38,000 Active 4 DOM
3. 2026-06-01
   days on market $38,000 Active 3 DOM
4. 2026-05-31
   days on market $38,000 Active 2 DOM
5. 2026-05-27
   listed $38,000 Active
6. 2025-02-28
   status Pending
7. 2025-02-20
   listed $50,000 Active
8. 2024-01-11
   status Pending
9. 2024-01-04
   listed $55,000 Active
10. 2023-03-31
    status Pending
11. 2023-03-29
    status Active
12. 2023-03-26
    listed $40,000 Active
13. 2023-02-10
    status Pending
14. 2023-01-20
    status Active
15. 2023-01-14
    status Active
16. 2023-01-14
    price $40,000
17. 2022-12-08
    listed $45,000 Active
18. 2010-03-05
    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: $1,549 · $129/mo
• Projected year-2 tax: $1,549 · $129/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 3/10 Moderate FEMA zone X (unshaded) · 18% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 21 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: $19,430
• − Mortgage interest: −$2,129
• − Property taxes: −$1,549
• − Insurance: −$190
• − Repairs & maintenance: −$1,554
• − Management: −$1,554
• − Depreciation: −$1,105
• Taxable income: $11,348
• Est. tax owed @ 24.0%: −$2,723
• After-tax cash flow: $8,496/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: Ricardo ISD
• NCES district ID: 4836930
• Math proficiency: 37% ▼ -25.00%
• Reading proficiency: 50% ▼ -9.00%
• Median HH income: $57,642
• Composite: 38.08/100
• National rank: #4280
• State rank: #277 of 826 in TX

Livability — Ricardo

• Score: 59/100
• State rank: #1151
• US rank: #20217

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Kleberg County · 28,920 people
• 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

-15.6% since first listed

14 events — show timeline

• 2026-05-27 Listed $38,000 CBMLS
• 2025-02-28 Pending — CBMLS
• 2025-02-20 Listed $50,000 CBMLS
• 2024-01-11 Pending — CBMLS
• 2024-01-04 Listed $55,000 CBMLS
• 2023-03-31 Pending — CBMLS
• 2023-03-29 Relisted — CBMLS
• 2023-03-26 Listed $40,000 CBMLS
• 2023-02-10 Pending — CBMLS
• 2023-01-20 Relisted — CBMLS
• 2023-01-14 Relisted — CBMLS
• 2023-01-14 Price Changed $40,000 CBMLS
• 2022-12-08 Listed $45,000 CBMLS
• 2010-03-05 Sold (Public Records) — Public Records

Property tax history

+1.8%/yr

Latest (2025): $1,549 · +21.1% YoY. Source: county tax records.