607 Gale St Unit 2 BLDG A · Laredo, TX 78041

$189,000

3 bd · 2.0 ba · 1,420 sqft · SingleFamily · 146 Days on market

Built 1995 Good condition 3,204 sqft lot $133/sqft · 19% below area Est $232k · 19% under

---

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 +15.0/15.0
• Cash flow +12.2/30.0
• Condition / age +3.8/5.0
• Livability +3.7/5.0
• DSCR +3.6/10.0
• 1% rule +3.5/10.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Perfectly situated in the heart of town, this stunning 3-bedroom condo offers the ideal blend of comfort, style, and convenience. Featuring spacious living areas, modern finishes, and abundant natural light, this home provides an exceptional layout for both relaxing and entertaining. Enjoy easy access to shopping, dining, schools, and major routes—all just steps from your door.

Key facts

• 3,204 sq ft lot
• Built 1995
• Listed 145 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $189k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-465 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $122k (35.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $161k (15.1% below list).
• Recommended offer: $122k (35.6% below list) — sets the bar for cash-flow.
• Cap rate 6.1% vs local median 4.2% in Laredo — 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 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: Amparo Gutierrez El (math 22% / reading 37%, grade F, #2,525 of 4,322 statewide, top 62%, 428 students, 82% FRL); Clark Middle (math 24% / reading 29%, grade F, #1,200 of 1,662 statewide, top 73%, 568 students, 88% FRL); John B Alexander H S (math 36% / reading 59%, grade D, #583 of 1,632 statewide, top 36%, 3,070 students, 60% FRL) — zoned schools at 76% FRL track the district average.
• Market conditions: 260 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,448 units permitted in Webb County in 2024 (245 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 $1k of loan paydown is wiped out by about $6k 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 146 days — a 12% lower offer ($166k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $11k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 80% 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 $121,777 (35.6% 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. It's been on market 146 days. Have you received any prior offers? Is the seller open to a 36% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 0.85% ✗
• Cap rate: 6.05%
• Cash-on-cash: -0.86%
• DSCR: 0.96
• GRM: 9.8

CMA / ARV

• ARV (median comp): $232,015
• List price: $189,000
• Delta: -18.54%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8218 Casa Verde Rd #3010	1.97mi	3/2.5	1,451 (+2%)	12mo	$270,000	$186	50
106 Kentucky	0.65mi	3/2.0	1,790 (+26%)	8mo	$226,000	$126	38
3802 San Eduardo Ave	1.86mi	4/2.0 (+1)	1,394 (-2%)	45mo	$269,000	$193	37
116 Illinois St	0.45mi	3/2.0	1,694 (+19%)	36mo	$245,000	$145	34
114 Northview Dr	1.16mi	3/2.0	1,539 (+8%)	53mo	$194,900	$127	31
304 E Walnut St	1.12mi	4/2.0 (+1)	1,578 (+11%)	54mo	$225,000	$143	21
108 E Del Mar Blvd	1.12mi	4/2.0 (+1)	1,640 (+16%)	54mo	$230,000	$140	15

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: -35.1%
• Equity multiple: -0.13×
• Total profit: $-59,928
• Equity at exit: $28,181

10-year hold

• IRR: -44.7%
• Equity multiple: -0.68×
• Total profit: $-89,120
• Equity at exit: $16,341

Cash invested: $52,920 (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 →

Active competition Active MLS

• For sale now: 30 active
• Median asking: $204,950 ($138/sqft)
• Median days on market: 48 d
• This list price: 43% of active listings are priced below it
• ARV vs active asking: +18.8% above current asking $/sqft

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

ZIP-level market 78041

• Active inventory: 260
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,605 high
• Mortgage (P&I): −$991
• Tax est. 1.5%: −$236 /mo · $2,835/yr
• Insurance: −$79
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $-465

Break-even live

Break-even rent $2,193

Max offer price $121,777

Occupancy floor —

Sensitivity live

Price	-10% $-334	-5% $-399	+0% $-465	+5% $-530	+10% $-595
Rent	-10% $-591	-5% $-528	+0% $-465	+5% $-401	+10% $-338
Rate	-1.0pp $-369	-0.5pp $-416	base $-465	+0.5pp $-514	+1.0pp $-563

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: $47,250
• Closing costs: $5,670
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
607 Gale St Apt 3 Laredo, TX	3.0	2.0	1420	$1,500	$1.06	10d	1	0.04mi
504 Gale St Apt B201 Laredo, TX	3.0	2.5	1561	$1,900	$1.22	10d	1	0.12mi
504 Gale St Apt B205 Laredo, TX	3.0	2.5	1561	$1,700	$1.09	51d	1	0.12mi
504 Gale St Apt D401 Laredo, TX	3.0	2.5	1561	$1,700	$1.09	48d	1	0.12mi
247 Northpoint Dr Laredo, TX	3.0	2.0	1208	$1,900	$1.57	10d	1	0.16mi
707 Saint James Dr #105 Laredo, TX	3.0	3.5	1510	$1,950	$1.29	184d	1	0.18mi
5816 Longoria Loop Laredo, TX	3.0	2.0	1007	$1,300	$1.29	184d	1	0.25mi
1703 Violeta Ct Laredo, TX	4.0	2.0	1670	$1,800	$1.08	10d	1	0.34mi
710 Alta Vista Dr Unit 119 Laredo, TX	2.0	2.0	927	$1,100	$1.19	44d	1	0.43mi
5707 Post Oak Dr Laredo, TX	3.0	2.0	1466	$1,600	$1.09	10d	1	0.51mi
5500 McPherson Rd #56 Laredo, TX	3.0	2.5	1481	$1,350	$0.91	51d	1	0.52mi
1423 Agave Laredo, TX	3.0	2.0	1064	$1,400	$1.32	43d	1	0.52mi
316 Oklahoma St Laredo, TX	3.0	2.0	1818	$1,900	$1.05	2d	1	0.55mi
105 Indiana St Laredo, TX	3.0	2.5	1843	$2,000	$1.09	184d	1	0.59mi
1504 Hibiscus Ln Laredo, TX	3.0	2.0	1391	$1,700	$1.22	26d	1	0.65mi
1507 Agave Laredo, TX	3.0	2.0	1000	$1,550	$1.55	51d	1	0.66mi
1300 E Hillside Rd #8 Laredo, TX	2.0	1.5	1056	$1,200	$1.14	50d	1	0.66mi
805 Northcreek Dr Unit 805 Laredo, TX	3.0	2.5	1397	$1,500	$1.07	5d	1	0.69mi
1315 Hillside Rd Apt 5 Laredo, TX	2.0	1.5	920	$1,000	$1.09	10d	1	0.73mi
1601 Jacaman Rd #29 Laredo, TX	2.0	2.0	1005	$1,285	$1.28	23d	1	0.76mi
1315 E Hillside Rd Laredo, TX	2.0	1.5	920	$1,020	$1.11	9d	1	0.80mi
201 Gumwood Ln Laredo, TX	4.0	2.0	1652	$1,850	$1.12	10d	1	0.80mi
1609 Suldana Ave Unit 323 Laredo, TX	3.0	2.5	1638	$1,800	$1.10	184d	1	0.81mi
1609 Suldana Ave #327 Laredo, TX	3.0	2.5	1638	$1,650	$1.01	51d	1	0.81mi
1601 B Jacaman Rd Laredo, TX	2.0	2.0	1015	$1,199	$1.18	2d	1	0.81mi
1601 Jacaman Rd Laredo, TX	2.0	2.0	1005	$1,199	$1.19	8d	1	0.84mi
1601 Jacaman Rd Laredo, TX	2.0	2.0	1005	$1,349	$1.34	184d	1	0.84mi
5410 Marcella Ave Unit 13 Laredo, TX	2.0	2.0	945	$1,200	$1.27	184d	1	0.91mi
5410 Marcella Ave Unit 8 Laredo, TX	2.0	2.0	945	$1,400	$1.48	51d	1	0.91mi
5410 Marcella Ave #9 Laredo, TX	2.0	2.0	945	$1,300	$1.38	184d	1	0.91mi
102 Belaire Dr Apt 3 Laredo, TX	3.0	2.0	1404	$1,650	$1.18	2d	1	0.95mi
100 W Aurora Dr Apt 440 Laredo, TX	2.0	1.0	979	$1,100	$1.12	10d	1	0.96mi
5310 Marcella Ave Unit Villa Dorada 52 Laredo, TX	2.0	1.0	900	$1,145	$1.27	23d	1	0.97mi
5310 Marcella Ave Unit Villa Dorada 50 Laredo, TX	2.0	1.0	900	$974	$1.08	21d	1	0.97mi
6718 Springfield Ave Laredo, TX	2.0	2.0–2.5	1086	$1,440	$1.33	1d	4	1.05mi
200 Martingale Unit 204 Laredo, TX	2.0	2.0	1052	$1,300	$1.24	20d	1	1.08mi
200 Martingale Unit 204 Laredo, TX	2.0	2.0	1052	$1,300	$1.24	10d	1	1.08mi
200 Martingale Unit 245C Laredo, TX	2.0	2.0	1052	$1,300	$1.24	10d	1	1.08mi
200 Martingale #139 Laredo, TX	3.0	3.0	1632	$1,550	$0.95	184d	1	1.09mi
200 Martingale Ln #120 Laredo, TX	2.0	2.5	1252	$1,350	$1.08	10d	1	1.10mi

Listing history 43 events

1. 2026-07-14
   days on market $189,000 Active 146 DOM
2. 2026-07-13
   days on market $189,000 Active 145 DOM
3. 2026-07-12
   days on market $189,000 Active 144 DOM
4. 2026-07-11
   days on market $189,000 Active 143 DOM
5. 2026-07-10
   days on market $189,000 Active 142 DOM
6. 2026-07-09
   days on market $189,000 Active 141 DOM
7. 2026-07-08
   days on market $189,000 Active 140 DOM
8. 2026-07-07
   days on market $189,000 Active 139 DOM
9. 2026-07-06
   days on market $189,000 Active 138 DOM
10. 2026-07-05
    days on market $189,000 Active 137 DOM
11. 2026-07-04
    days on market $189,000 Active 136 DOM
12. 2026-07-03
    days on market $189,000 Active 135 DOM
13. 2026-07-02
    days on market $189,000 Active 134 DOM
14. 2026-07-01
    days on market $189,000 Active 133 DOM
15. 2026-06-30
    days on market $189,000 Active 132 DOM
16. 2026-06-29
    days on market $189,000 Active 131 DOM
17. 2026-06-28
    days on market $189,000 Active 130 DOM
18. 2026-06-28
    days on market $189,000 Active 129 DOM
19. 2026-06-27
    days on market $189,000 Active 128 DOM
20. 2026-06-26
    days on market $189,000 Active 127 DOM
21. 2026-06-22
    days on market $189,000 Active 124 DOM
22. 2026-06-21
    days on market $189,000 Active 123 DOM
23. 2026-06-19
    days on market $189,000 Active 121 DOM
24. 2026-06-18
    days on market $189,000 Active 120 DOM
25. 2026-06-17
    days on market $189,000 Active 119 DOM
26. 2026-06-16
    days on market $189,000 Active 118 DOM
27. 2026-06-15
    days on market $189,000 Active 117 DOM
28. 2026-06-14
    days on market $189,000 Active 115 DOM
29. 2026-06-13
    days on market $189,000 Active 114 DOM
30. 2026-06-10
    days on market $189,000 Active 112 DOM
31. 2026-06-09
    days on market $189,000 Active 111 DOM
32. 2026-06-08
    days on market $189,000 Active 110 DOM
33. 2026-06-07
    days on market $189,000 Active 109 DOM
34. 2026-06-03
    days on market $189,000 Active 105 DOM
35. 2026-06-02
    days on market $189,000 Active 104 DOM
36. 2026-06-01
    days on market $189,000 Active 103 DOM
37. 2026-05-31
    days on market $189,000 Active 102 DOM
38. 2026-05-30
    days on market $189,000 Active 101 DOM
39. 2026-05-06
    price $189,000 386-char remark

    Show marketing remark (386 chars)

    Perfectly situated in the heart of town, this stunning 3-bedroom condo offers the ideal blend of comfort, style, and convenience. Featuring spacious living areas, modern finishes, and abundant natural light, this home provides an exceptional layout for both relaxing and entertaining. Enjoy easy access to shopping, dining, schools, and major routes—all just steps from your door.

40. 2026-04-07
    price $197,000 386-char remark

    Show marketing remark (386 chars)

    Perfectly situated in the heart of town, this stunning 3-bedroom condo offers the ideal blend of comfort, style, and convenience. Featuring spacious living areas, modern finishes, and abundant natural light, this home provides an exceptional layout for both relaxing and entertaining. Enjoy easy access to shopping, dining, schools, and major routes—all just steps from your door.

41. 2026-02-18
    listed $200,000 Active 386-char remark

    Show marketing remark (386 chars)

    Perfectly situated in the heart of town, this stunning 3-bedroom condo offers the ideal blend of comfort, style, and convenience. Featuring spacious living areas, modern finishes, and abundant natural light, this home provides an exceptional layout for both relaxing and entertaining. Enjoy easy access to shopping, dining, schools, and major routes—all just steps from your door.

42. 2023-03-31
    soldstatus Closed
43. 2023-02-23
    listed $175,000 Active

ⓘ 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 6/10 Major FEMA zone AE · 72% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥110°F today · 23 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,263
• − Mortgage interest: −$10,587
• − Property taxes: −$2,835
• − Insurance: −$6,064
• − Repairs & maintenance: −$1,541
• − Management: −$1,541
• − Depreciation: −$5,498
• Taxable loss: −$8,803
• Est. tax savings @ 24.0%: +$2,113
• After-tax cash flow: $-3,462/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 · 12 photos

Good 75/100 None rehab

This well-maintained, move-in-ready 3-bedroom condo is in excellent condition with modern finishes and ample natural light. It offers a great location and is ready for new owners to move in.

Value-add opportunities

• Both Paint exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Replace light fixtures with modern ones — Modern lighting fixtures improve the home's curb appeal and interior ambiance ↑
• Both Install new flooring in bathrooms — New flooring in bathrooms can significantly improve the home's resale and rental value ↑

F Composite school gradezoned avg 34/100

Zoned Schools

Elementary Amparo Gutierrez El F TX #2,525/4,322 Nat'l #26,716/41,679 Middle Clark Middle F TX #1,200/1,662 Nat'l #9,979/14,009 High John B Alexander H S D TX #583/1,632 Nat'l #6,282/17,239

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

B Composite livability gradescore 73/100

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
• County: Webb · 301,387 people
• City population: 67,333
• Metro: Laredo, TX
• Population (ZIP): 47,089
• Household income: $61,007
• Rent vs Own: 45.7% rent · 54.3% own
• Severe rent burden: 11% of renters

---

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 (93%)
• Race & ethnicity: Hispanic / Latino 93% Two or more races 52% White 5% Asian 1%
• Hispanic origin (detail): Mexican 87%
• Languages at home: 14% English-only · Spanish 85%

---

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: ▼ -188.15%
• Current HPI: 162.152
• 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

+8.0% since first listed

5 events — show timeline

• 2026-05-06 Price Changed $189,000 LAOR
• 2026-04-07 Price Changed $197,000 LAOR
• 2026-02-18 Listed $200,000 LAOR
• 2023-03-31 Sold (MLS) — LAOR
• 2023-02-23 Listed $175,000 LAOR