221 S Parker Rd · La Feria, TX 78559

$174,900

3 bd · 2.0 ba · 1,524 sqft · SingleFamily public records · 12 Days on market

Built 1970 0.27 ac lot $115/sqft · 12% below area Est $198k · 12% 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 +12.7/15.0
• Cash flow +12.1/30.0
• 1% rule +4.0/10.0
• DSCR +3.6/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice home located in a well-established neighborhood in La Feria. This property features three spacious bedrooms and two full bathrooms. The garage is equipped with a mini-split system and includes a well-appointed workshop area. The property also has its own well, making it easy to maintain the beautifully landscaped yard. USDA HOME LOAN APPROVED.

Key facts

• Own well
• Mini split system
• 0.27 acre lot

Tags

• MINI SPLIT SYSTEM
• WELL APPOINTED WORKSHOP
• BEAUTIFULLY LANDSCAPED YARD
• OWN WELL

Property features AI

Finance

• Other: Building area: 1,524 square feet
• HOA & community: No homeowners association; Community features: Other

Exterior

• Parking: Attached garage (1 car); Covered parking (3 spaces total); Carport (2 spaces); Garage faces side
• Utilities: City sewer; Electric service
• Home design: Single-family property; Living area reported from local tax source
• Construction: Brick construction; Composition shingle roof; Shingle roof; Crawl space foundation with pillar/post/pier
• Exterior features: Paved road access; Corner lot (100 x 120)

Interior

• Kitchen: Refrigerator; Stove/Range; Electric water heater (in garage)
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Ceiling fan(s); Fireplace; Countertops (other); Double-pane windows; Mini blinds
• Laundry & utility: Laundry area with washer/dryer connections

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $-40 ($-477/yr) — negative.
• To cash-flow at today's rent, offer at most $168k (4.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $158k (9.9% below list).
• Recommended offer: $158k (9.9% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 4.4% in La Feria — 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 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: David G Sanchez El (math 22% / reading 32%, grade F, #2,791 of 4,322 statewide, top 68%, 337 students, 90% 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 86% FRL vs 50% district-wide (37 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 260 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 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

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 9y 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; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $157,662 (9.9% 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. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.90% ✗
• Cap rate: 6.02%
• Cash-on-cash: -0.97%
• DSCR: 0.96
• GRM: 9.2

CMA / ARV

• ARV (median comp): $197,879
• List price: $174,900
• Delta: -11.61%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
221 S Parker Rd	0.00mi	3/2.0	1,524 (0%)	0mo	$174,900	$115	100
405 S Magnolia Hts	0.21mi	3/2.0	1,450 (-5%)	2mo	$179,900	$124	80
426 N Parker Rd	0.29mi	3/2.0	1,473 (-3%)	10mo	$224,500	$152	72
700 Kiester Ln	0.33mi	3/2.0	1,715 (+12%)	1mo	$239,625	$140	63
838 Beanka Ave	0.37mi	3/2.0	1,590 (+4%)	16mo	$274,900	$173	62
702 Milania Dr	0.54mi	3/2.0	1,531 (+0%)	17mo	$274,900	$180	60
842 Kaylee Dr	0.68mi	3/2.0	1,524 (0%)	11mo	$274,999	$180	59
414 N Parker Rd	0.26mi	4/2.0 (+1)	1,435 (-6%)	19mo	$235,000	$164	57
442 Parker Rd	0.26mi	4/2.0 (+1)	1,400 (-8%)	15mo	$238,000	$170	57
100 Brooks Cir N	0.68mi	3/2.5	1,600 (+5%)	7mo	$275,000	$172	52
—	0.58mi	4/1.0 (+1)	1,691 (+11%)	12mo	$289,900	$171	35
481 Santiago St	0.73mi	3/2.0	1,710 (+12%)	15mo	$275,000	$161	33

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: -17.9%
• Equity multiple: 0.37×
• Total profit: $-30,803
• Equity at exit: $26,078

10-year hold

• IRR: -9.9%
• Equity multiple: 0.39×
• Total profit: $-29,797
• Equity at exit: $15,122

Cash invested: $48,972 (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: 9.2×

Monthly cashflow live

• Estimated rent: $1,577 medium
• Mortgage (P&I): −$917
• Tax from tax record: −$295 /mo · $3,543/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $-40

Break-even live

Break-even rent $1,627

Max offer price $167,874

Occupancy floor 98%

Sensitivity live

Price	-10% $59	-5% $10	+0% $-40	+5% $-89	+10% $-139
Rent	-10% $-164	-5% $-102	+0% $-40	+5% $23	+10% $85
Rate	-1.0pp $48	-0.5pp $5	base $-40	+0.5pp $-85	+1.0pp $-131

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: $43,725
• Closing costs: $5,247
• Reserves months: —
• Total cash needed: —

Rent comps 4 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	16d	1	0.99mi
113 Hope Dr La Feria, TX	4.0	2.0	1738	$2,050	$1.18	16d	1	1.11mi
208 Faith Dr La Feria, TX	3.0	2.0	1355	$1,925	$1.42	16d	1	1.19mi
213 W Fleetwood Ave La Feria, TX	3.0	2.0	1580	$1,549	$0.98	46d	1	1.25mi

Listing history 11 events

1. 2026-05-17
   historical Option 350-char remark
2. 2026-05-15
   listed $174,900 Active

   Show marketing remark (350 chars)

   Nice home located in a well-established neighborhood in La Feria. This property features three spacious bedrooms and two full bathrooms. The garage is equipped with a mini-split system and includes a well-appointed workshop area. The property also has its own well, making it easy to maintain the beautifully landscaped yard. USDA HOME LOAN APPROVED.

3. 2026-05-15
   listed $174,900 Active 350-char remark

   Show marketing remark (350 chars)

   Nice home located in a well-established neighborhood in La Feria. This property features three spacious bedrooms and two full bathrooms. The garage is equipped with a mini-split system and includes a well-appointed workshop area. The property also has its own well, making it easy to maintain the beautifully landscaped yard. USDA HOME LOAN APPROVED.

4. 2019-10-16
   soldstatus
5. 2019-10-15
   soldstatus

   Show marketing remark (35 chars)

   Excellent Starter home in La Feria!

6. 2019-08-06
   listed $109,000

   Show marketing remark (35 chars)

   Excellent Starter home in La Feria!

7. 2017-08-15
   soldstatus
8. 2017-08-15
   soldstatus
9. 2017-07-11
   listed $82,500
10. 2005-08-31
    soldstatus
11. 2000-03-23
    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: $3,543 · $295/mo
• Projected year-2 tax: $3,543 · $295/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 6/10 Major FEMA zone X (unshaded) · 71% 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: $18,919
• − Mortgage interest: −$9,797
• − Property taxes: −$3,543
• − Insurance: −$874
• − Repairs & maintenance: −$1,514
• − Management: −$1,514
• − Depreciation: −$5,088
• Taxable loss: −$3,410
• Est. tax savings @ 24.0%: +$818
• After-tax cash flow: $341/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

+112.0% since first listed

13 events — show timeline

• 2026-05-28 Pending — MCALLENMLS
• 2026-05-27 Pending — RGVMLS
• 2026-05-17 Contingent — MCALLENMLS
• 2026-05-15 Listed $174,900 RGVMLS
• 2026-05-15 Listed $174,900 MCALLENMLS
• 2019-10-16 Sold (Public Records) — Public Records
• 2019-10-15 Sold (MLS) — MCALLENMLS
• 2019-08-06 Listed $109,000 MCALLENMLS
• 2017-08-15 Sold (Public Records) — Public Records
• 2017-08-15 Sold (MLS) — RGVMLS
• 2017-07-11 Listed $82,500 RGVMLS
• 2005-08-31 Sold (Public Records) — Public Records
• 2000-03-23 Sold (Public Records) — Public Records

Property tax history

+7.3%/yr

Latest (2025): $3,543 · -1.9% YoY. Source: county tax records.