106 Salamanca Ave · Laredo, TX 78046

$175,000

3 bd · 1.0 ba · 576 sqft · SingleFamily public records · 20 Days on market

Built 2009 5,060 sqft lot ↓ 5% since listing

---

Why this score? — see what drove the F 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 +7.5/15.0
• Cash flow +6.3/30.0
• Livability +3.7/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.6/10.0
• DSCR +0.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Custom built property with endless possibilities. .. perfect for car enthusiast! Fits multiple vehicles of many kinds! Plenty of storage and cozy living area! High ceilings in garage, remote controlled gate, remote garage doors and very private with high block fence surrounding entire property. Living area- all tile flooring, kitchen in great condition and spacious bedroom!

Key facts

• Completely fenced
• 5,060 sq ft lot
• 2 garage spots

Tags

• LARGE GARAGE WORKSPACE
• COMPLETELY FENCED

Property features AI

Exterior

• Parking: Attached 2-car garage; Concrete driveway/parking
• Utilities: Public water
• Home design: Single-family residence; Single story
• Construction: Wood siding; Slab foundation
• Exterior features: Patio; Level lot

Interior

• Kitchen: Refrigerator
• Flooring: Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air; Ceiling fan(s)
• Interior features: Walk-in closet(s)
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $-309 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $120k (31.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $116k (33.6% below list).
• Recommended offer: $116k (33.6% below list) — sets the bar for 1% rule.

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: Prada El (math 19% / reading 27%, grade F, #3,277 of 4,322 statewide, top 77%, 741 students, 94% FRL); Lamar Bruni Vergara Middle (math 18% / reading 29%, grade F, #1,317 of 1,662 statewide, top 80%, 721 students, 93% FRL); Lyndon B Johnson (math 25% / reading 36%, grade F, #1,085 of 1,632 statewide, top 67%, 3,252 students, 91% FRL) — zoned schools average 93% FRL vs 72% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 485 active listings in the ZIP; 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 $5k 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 20 days — a 2% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 wind risk, 77% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $116,180 (33.6% 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. 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: 0.66% ✗
• Cap rate: 4.18%
• Cash-on-cash: -7.56%
• DSCR: 0.66
• GRM: 12.6

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: -29.5%
• Equity multiple: 0.02×
• Total profit: $-47,992
• Equity at exit: $26,093

10-year hold

• IRR: -30.1%
• Equity multiple: -0.37×
• Total profit: $-66,996
• Equity at exit: $15,131

Cash invested: $49,000 (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 78046

• Home prices YoY: -13.0%
• Active inventory: 485
• Price-to-rent: 12.6×

Monthly cashflow live

• Estimated rent: $1,162 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$236 /mo · $2,831/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$244
• Net cashflow: $-309

Break-even live

Break-even rent $1,553

Max offer price $120,462

Occupancy floor —

Sensitivity live

Price	-10% $-210	-5% $-259	+0% $-309	+5% $-358	+10% $-408
Rent	-10% $-401	-5% $-355	+0% $-309	+5% $-263	+10% $-217
Rate	-1.0pp $-221	-0.5pp $-264	base $-309	+0.5pp $-354	+1.0pp $-400

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-22
   days on market $175,000 Active 20 DOM
2. 2026-06-21
   days on market $175,000 Active 19 DOM
3. 2026-06-19
   days on market $175,000 Active 17 DOM
4. 2026-06-18
   days on market $175,000 Active 16 DOM
5. 2026-06-17
   days on market $175,000 Active 15 DOM
6. 2026-06-16
   days on market $175,000 Active 14 DOM
7. 2026-06-15
   days on market $175,000 Active 13 DOM
8. 2026-06-14
   days on market $175,000 Active 11 DOM
9. 2026-06-13
   days on market $175,000 Active 10 DOM
10. 2026-06-10
    days on market $175,000 Active 8 DOM
11. 2026-06-09
    days on market $175,000 Active 7 DOM
12. 2026-06-08
    days on market $175,000 Active 6 DOM
13. 2026-06-07
    days on market $175,000 Active 5 DOM
14. 2026-06-03
    remarks 174-char remark
15. 2026-06-03
    listed $175,000 Active 1 DOM

ⓘ 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: $2,831 · $236/mo
• Projected year-2 tax: $3,202 · $267/mo
• Expected delta: +$372/yr (+$31/mo · 13.1%)

ⓘ 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 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 77% 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: $13,942
• − Mortgage interest: −$9,803
• − Property taxes: −$2,831
• − Insurance: −$875
• − Repairs & maintenance: −$1,115
• − Management: −$1,115
• − Depreciation: −$5,091
• Taxable loss: −$6,889
• Est. tax savings @ 24.0%: +$1,653
• After-tax cash flow: $-2,051/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: 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

-5.4% since first listed

6 events — show timeline

• 2026-06-02 Listed $175,000 LAOR
• 2025-10-10 Listed $185,000 LAOR
• 2018-08-13 Sold (Public Records) — Public Records
• 2018-08-09 Sold (MLS) — LAOR
• 2008-09-10 Sold (Public Records) — Public Records
• 2000-06-06 Sold (Public Records) — Public Records

Property tax history

+3.6%/yr

Latest (2025): $2,831 · -6.0% YoY. Source: county tax records.