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431 Frio Ln Fourplex
D+ Composite 48.02
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 +16.4/30.0
  • ARV discount +9.9/15.0
  • DSCR +5.1/10.0
  • Condition / age +5.0/5.0
  • 1% rule +4.5/10.0
  • Livability +3.1/5.0
  • Rent growth +2.5/5.0
  • Schools +1.6/10.0
  • Appreciation +0.0/10.0

$475,000

431 Frio Ln · Alamo, TX 78516
None bd · None ba · 4,052 sqft · MultiFamily · 41 Days on market
Built 2025 Excellent condition 0.26 ac lot Garage $117/sqft · 5% below area Est $501k · 5% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks

Fully Leased newly built fourplex. Exceptional investment opportunity in a desirable multi-family subdivision just minutes from Expressway 83,top schools, shopping, and dining. These newly built fourplexes offer modern design, strong tenant appeal, and immediate cash flow. Each unit features a bright open-concept layout with elegant wood-look tile flooring, a contemporary kitchen with custom cabinetry, quartz countertops, and a spacious island providing ample storage and workspace. Bedrooms are generously sized with large closets, and the primary suites include a luxurious frameless glass shower and walk-in closet.

Key facts

  • Custom cabinetry
  • Contemporary kitchen
  • Quartz countertops

Tags

MULTI-FAMILY SUBDIVISIONOPEN-CONCEPT LAYOUTWOOD-LOOK TILE FLOORINGCONTEMPORARY KITCHENCUSTOM CABINETRYQUARTZ COUNTERTOPS

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4 × 2-bed/2-bath units multifamily listed at $475k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $272 ($3k/yr) — positive. Per door: $68/mo.
  • The deal already cash-flows at list — no discount required.
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $450k (5.3% below list).
  • Recommended offer: $450k (5.3% below list) — sets the bar for 1% rule.
  • Cap rate 7.0% vs local median 3.7% in Alamo — 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 62/100 on livability (#916 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute D+, crime F, amenities F.
  • Donna ISD (suburban): math 11% / reading 18% proficiency, ranked #821 of 826 in TX (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
  • Zoned schools: Capt D Salinas Ii El (math 16% / reading 17%, grade F, #3,946 of 4,322 statewide, top 92%, 416 students, 96% FRL); Dora M Sauceda Middle (math 12% / reading 23%, grade F, #1,507 of 1,662 statewide, top 91%, 660 students, 100% FRL); Donna North H S (math 8% / reading 17%, grade F, #1,539 of 1,632 statewide, top 95%, 2,091 students, 100% FRL) — zoned schools average 98% FRL vs 48% district-wide (50 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: 469 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 63d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $3k of loan paydown is wiped out by about $14k 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 41 days — a 3% lower offer ($461k) 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: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $450,000 (5.3% below list)

Questions for the listing agent

  1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 5% concession, seller financing, or rate buy-down credit?
  2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
  3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. 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?
  6. 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?
  7. 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?
  8. 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.
  9. 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.
  10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
0.95%
Cap rate
6.98%
Cash-on-cash
2.46%
DSCR
1.11
GRM
8.8

CMA / ARV

ARV (median comp)
$501,380
List price
$475,000
Delta
-5.26%
Verdict
FAIR
Comps
3 within 1.0 mi
Show comp detail 5 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
1229 Country Club Dr 0.43mi —/— 3,998 (-1%) 16mo $490,000 $123 65
1200 Country Club Dr 0.43mi —/— 4,228 (+4%) 15mo $510,000 $121 61
1122 Country Club Dr 0.43mi —/— 4,228 (+4%) 16mo $510,000 $121 60
905 Deluxe St 1.10mi —/— 3,776 (-7%) 9mo $485,000 $128 46
844 Deluxe St 1.10mi —/— 3,746 (-8%) 16mo $490,000 $131 39

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
-12.4%
Equity multiple
0.55×
Total profit
$-59,554
Equity at exit
$70,824
10-year hold
IRR
-3.3%
Equity multiple
0.78×
Total profit
$-29,245
Equity at exit
$41,069

Cash invested: $133,000 (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.

Active competition Active MLS

For sale now
10 active
Median asking
$499,500 ($118/sqft)
Median days on market
167 d
This list price
lowest-priced of the active set
ARV vs active asking
+4.8% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 78516

Home prices YoY
-6.5%
Active inventory
469
Price-to-rent
35.2×

Monthly cashflow live

Estimated rent
$4,500 high interval (Pro) →
Mortgage (P&I)
$2,491
Tax est. 1.5%
$594 /mo · $7,125/yr
Insurance
$198
HOA
$0
Vacancy / Maint / Mgmt
$945
Net cashflow
$272

4-unit breakdown (identical units grouped — click to expand)

UnitsBedsBathsEst. rent
Total (4 units) $4,500

Break-even live

Break-even rent $4,155
Max offer price $475,000
Occupancy floor 89%

Sensitivity live

Price -10% $601 -5% $437 +0% $272 +5% $108 +10% $-56
Rent -10% $-83 -5% $95 +0% $272 +5% $450 +10% $628
Rate -1.0pp $512 -0.5pp $393 base $272 +0.5pp $149 +1.0pp $24

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
$118,750
Closing costs
$14,250
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
427 Frio LN Alamo, TX 2.0 2.0 908 $1,200 $1.32 62d 1 0.01mi
1020 Palm Dr Unit 1020-1 Alamo, TX 3.0 2.0 1078 $1,225 $1.14 62d 1 0.01mi
1020 Palm Dr Unit 1 Alamo, TX 3.0 2.0 1078 $1,225 $1.14 6d 1 0.01mi
431 Frio Ln Apt 1 Alamo, TX 2.0 2.0 908 $1,125 $1.24 6d 1 0.02mi
444 Frio Ln Alamo, TX 2.0 2.0 908 $1,125 $1.24 6d 1 0.04mi
427 Frio Ln Apt 1 Alamo, TX 2.0 2.0 908 $1,125 $1.24 116d 1 0.04mi
440 Frio Ln Alamo, TX 2.0 2.0 908 $1,125 $1.24 6d 1 0.04mi
439 Frio Ln Alamo, TX 2.0 2.0 908 $1,125 $1.24 6d 1 0.04mi
444 Frio Ln Apt 3 Alamo, TX 2.0 2.0 908 $1,125 $1.24 119d 1 0.04mi
440 Frio Ln Apt 1 Alamo, TX 2.0 2.0 908 $1,275 $1.40 139d 1 0.04mi
440 Frio Ln Apt 3 Alamo, TX 2.0 2.0 908 $1,200 $1.32 119d 1 0.04mi
444 Frio Ln Alamo, TX 2.0 2.0 908 $1,125 $1.24 62d 1 0.04mi
448 Frio Ln Apt 3 Alamo, TX 2.0 2.0 908 $1,200 $1.32 119d 1 0.04mi
427 Frio Ln Apt 4 Alamo, TX 3.0 2.0 1118 $1,275 $1.14 140d 1 0.04mi
448 Frio Ln Alamo, TX 2.0 2.0 908 $1,125 $1.24 62d 1 0.04mi
448 Frio Ln Apt 3 Alamo, TX 2.0 2.0 908 $1,200 $1.32 139d 1 0.04mi
440 Frio Ln Apt 3 Alamo, TX 2.0 2.0 908 $1,200 $1.32 139d 1 0.04mi
439 Frio Ln Unit 1 Alamo, TX 2.0 2.0 908 $1,125 $1.24 119d 1 0.04mi
440 Frio Ln Apt 1 Alamo, TX 2.0 2.0 908 $1,200 $1.32 6d 1 0.04mi
435 Medina Ln Unit 1 Alamo, TX 2.0 2.0 908 $1,125 $1.24 119d 1 0.05mi
435 Medina Ln Unit 1 Alamo, TX 2.0 2.0 908 $1,200 $1.32 139d 1 0.05mi
443 Medina Ln Alamo, TX 2.0 2.0 908 $1,125 $1.24 6d 1 0.05mi
443 Medina Ln Unit 3 Alamo, TX 2.0 2.0 908 $1,125 $1.24 119d 1 0.05mi
1032 Palm Dr Unit 4 Alamo, TX 3.0 2.0 1078 $1,225 $1.14 6d 1 0.07mi
1032 Palm Dr Unit 1032-3 Alamo, TX 3.0 2.0 1078 $1,225 $1.14 62d 1 0.07mi
1028 Palm Dr Apt 1 Alamo, TX 3.0 2.0 1078 $1,225 $1.14 6d 1 0.08mi
1036 Palm Dr Unit 1 Alamo, TX 3.0 2.0 1078 $1,225 $1.14 119d 1 0.26mi
1020 Palm Dr Unit 3 Alamo, TX 3.0 2.0 1078 $1,225 $1.14 119d 1 0.26mi
1032 Palm Dr Apt 3 Alamo, TX 3.0 2.0 1078 $1,225 $1.14 119d 1 0.26mi
1233 Country Club Dr #1 Alamo, TX 2.0 2.0 1099 $1,050 $0.96 5d 1 0.42mi
1122 Country Club Dr Unit 4 Alamo, TX 3.0 2.0 1060 $1,150 $1.08 5d 1 0.42mi
1233 Country Club Dr Unit 4 Alamo, TX 2.0 2.0 1099 $1,050 $0.96 139d 1 0.42mi
1301 Country Club Dr Unit 3 Alamo, TX 2.0 2.0 864 $1,100 $1.27 5d 1 0.42mi
823 N Tower Rd Unit D21 Alamo, TX 1.0 1.0 925 $730 $0.79 3d 1 0.53mi
650 N 7th St Alamo, TX 1.0 1.0 700 $700 $1.00 5d 1 0.88mi
909 Deluxe St Unit 4 Alamo, TX 2.0 2.0 906 $1,000 $1.10 61d 1 0.96mi
740 N Alamo Rd Unit 31 Alamo, TX 2.0 2.0 956 $1,150 $1.20 61d 1 1.07mi
740 N Alamo Rd Unit 2 Alamo, TX 2.0 2.0 956 $1,075 $1.12 139d 1 1.08mi
740 N Alamo Rd Unit 2 Alamo, TX 2.0 2.0 956 $1,075 $1.12 119d 1 1.08mi
740 N Alamo Rd Unit 1 Alamo, TX 2.0 2.0 956 $1,200 $1.26 139d 1 1.08mi

Property features AI

Finance

HOA & community
No homeowners associationCommunity includes sidewalksCommunity of 4 units

Exterior

Parking
Covered parking for 8 vehiclesCarport (8 spaces)Detached garage faces front (no attached garage)
Utilities
Public waterCity sewerSingle separate water meter
Home design
Stucco constructionShingle roofSlab foundation
Construction
Stucco exteriorShingle roofSlab foundationBuilding area approximately 4,052
Exterior features
Sprinkler systemProfessional landscapingSidewalksPatio slabPaved road accessPrivacy wood fencing

Interior

Kitchen
MicrowaveStove/RangeRefrigeratorElectric water heater
Flooring
Tile
Heating & cooling
Central heating (electric)Central air conditioning (electric)
Interior features
Ceiling fansDecorative / high ceilingsWalk-in closetsEnergy-efficient double-pane windowsSmoke detectors
Laundry & utility
Washer and dryer includedLaundry closetWater heater in laundry area

Listing history 50 events

  1. 2026-09-23
    days on market $475,000 Active 41 DOM
  2. 2026-09-22
    days on market $475,000 Active 40 DOM
  3. 2026-09-21
    days on market $475,000 Active 39 DOM
  4. 2026-09-20
    days on market $475,000 Active 38 DOM
  5. 2026-09-19
    days on market $475,000 Active 37 DOM
  6. 2026-09-18
    days on market $475,000 Active 36 DOM
  7. 2026-09-17
    days on market $475,000 Active 35 DOM
  8. 2026-09-16
    days on market $475,000 Active 34 DOM
  9. 2026-09-15
    days on market $475,000 Active 33 DOM
  10. 2026-09-14
    days on market $475,000 Active 32 DOM
  11. 2026-09-13
    days on market $475,000 Active 31 DOM
  12. 2026-09-12
    days on market $475,000 Active 30 DOM
  13. 2026-09-11
    days on market $475,000 Active 29 DOM
  14. 2026-09-05
    days on market $475,000 Active 23 DOM
  15. 2026-09-04
    days on market $475,000 Active 22 DOM
  16. 2026-09-03
    days on market $475,000 Active 21 DOM
  17. 2026-08-31
    days on market $475,000 Active 18 DOM
  18. 2026-08-30
    days on market $475,000 Active 17 DOM
  19. 2026-08-29
    days on market $475,000 Active 16 DOM
  20. 2026-08-28
    days on market $475,000 Active 15 DOM
  21. 2026-08-27
    days on market $475,000 Active 14 DOM
  22. 2026-08-25
    days on market $475,000 Active 12 DOM
  23. 2026-08-24
    days on market $475,000 Active 11 DOM
  24. 2026-08-23
    days on market $475,000 Active 10 DOM
  25. 2026-08-22
    days on market $475,000 Active 9 DOM
  26. 2026-08-21
    days on market $475,000 Active 8 DOM
  27. 2026-08-20
    days on market $475,000 Active 7 DOM
  28. 2026-08-19
    days on market $475,000 Active 6 DOM
  29. 2026-08-18
    days on market $475,000 Active 5 DOM
  30. 2026-08-17
    days on market $475,000 Active 4 DOM
  31. 2026-08-16
    days on market $475,000 Active 3 DOM
  32. 2026-08-15
    days on market $475,000 Active 2 DOM
  33. 2026-08-15
    days on marketlisting id $475,000 Active 1 DOM
  34. 2026-06-30
    days on market $475,000 Active 218 DOM
  35. 2026-06-29
    days on market $475,000 Active 217 DOM
  36. 2026-06-28
    days on market $475,000 Active 216 DOM
  37. 2026-06-28
    days on market $475,000 Active 215 DOM
  38. 2026-06-27
    days on market $475,000 Active 214 DOM
  39. 2026-06-25
    days on market $475,000 Active 212 DOM
  40. 2026-06-23
    days on market $475,000 Active 210 DOM
  41. 2026-06-21
    days on market $475,000 Active 209 DOM
  42. 2026-06-18
    days on market $475,000 Active 206 DOM
  43. 2026-06-17
    days on market $475,000 Active 205 DOM
  44. 2026-06-16
    days on market $475,000 Active 204 DOM
  45. 2026-06-15
    days on market $475,000 Active 203 DOM
  46. 2026-06-14
    days on market $475,000 Active 201 DOM
  47. 2026-06-13
    days on market $475,000 Active 200 DOM
  48. 2026-06-10
    days on market $475,000 Active 198 DOM
  49. 2026-06-09
    days on market $475,000 Active 197 DOM
  50. 2026-06-08
    days on market $475,000 Active 196 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

  • 🌊 Flood 1/10 Low 0% chance over 30 yrs
  • 🔥 Wildfire 4/10 Moderate
  • 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 24 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$54,000
− Mortgage interest
−$26,607
− Property taxes
−$7,125
− Insurance
−$2,375
− Repairs & maintenance
−$4,320
− Management
−$4,320
− Depreciation
−$13,818
Taxable loss
−$4,566
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,096
After-tax cash flow
$4,364/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 · 1 photo

Excellent 100/100 None rehab

This newly built fourplex is in excellent condition with modern design and high-end finishes, making it an ideal investment opportunity.

Value-add opportunities

  • Both Landscaping improvements — Enhances curb appeal and adds value for both resale and rental.
  • Both Interior paint touch-ups — Maintains a fresh and inviting appearance for potential buyers or renters.
F Composite school gradezoned avg 16/100

Zoned Schools

Elementary Capt D Salinas Ii El F TX #3,946/4,322 Nat'l #35,887/41,679 Middle Dora M Sauceda Middle F TX #1,507/1,662 Nat'l #12,181/14,009 High Donna North H S F TX #1,539/1,632 Nat'l #15,707/17,239

Schools (NCES district)

District
Donna ISD
NCES district ID
4817390
Math proficiency
11% ▼ -30.00%
Reading proficiency
18% ▼ -13.00%
Median HH income
$27,330
Composite
11.16/100
National rank
#9728
State rank
#821 of 826 in TX
C Composite livability gradescore 62/100

Livability — Alamo

Score
62/100
State rank
#916
US rank
#16356

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Alamo, TX
County
Hidalgo County · 955,232 people
City population
34,370
Metro
McAllen-Edinburg-Mission, TX
Population (ZIP)
34,370
Household income
$53,229
Rent vs Own
24.5% rent · 75.5% own
Severe rent burden
7% of renters

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 (89%)
Race & ethnicity
Hispanic / Latino 89% Two or more races 40% White 10% Black 1%
Hispanic origin (detail)
Mexican 86%
Foreign-born
29% · Canada
Languages at home
24% English-only · Spanish 76%

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

Price history

+0.0% since first listed
2 events — show timeline
  • 2026-08-10 Listed $475,000 MCALLENMLS
  • 2025-11-24 Listed $475,000 MCALLENMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…