3300 Pradera St · La Homa, TX 78575

$195,000

4 bd · 2.0 ba · 2,082 sqft · SingleFamily public records · 185 Days on market

Built 2007 0.50 ac lot $94/sqft · 24% below area Est $294k · 34% under ↓ 12% since listing

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Why this score? — see what drove the B 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 +27.0/30.0
• ARV discount +15.0/15.0
• DSCR +9.3/10.0
• 1% rule +7.6/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +2.3/10.0
• Schools +1.9/10.0

Listing remarks MLS

Excellent income-producing opportunity in Mission, Texas—now eligible for a USDA loan with zero down payment! Ideal for investors, first-time homebuyers, or owner-occupants, this versatile property is perfect for those seeking a spacious home with built-in rental income. The property features three rental units—two detached and one attached—each with its own private kitchen and bathroom, and each currently rented for $500 per month, providing immediate and consistent cash flow. Situated on a fully fenced half-acre lot, the property includes a 2-year-old roof, a new A/C unit and water heater, and a motorized entry gate for added security. With low property taxes, mature fruit trees, and room for future expansion, this property offers both comfort and long-term value.

Key facts

• 2 year old roof
• Three rental units
• Private kitchen

Tags

• THREE RENTAL UNITS
• PRIVATE KITCHEN
• PRIVATE BATHROOM
• FULLY FENCED LOT
• 2 YEAR OLD ROOF
• NEW A C UNIT

🏷️ Possibly a rental listed for sale. The $195,000 price doesn't fit this home's estimated sale value (~$293,557) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $546 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $195k).
• Recommended offer: $172k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.7% vs local median 5.5% in La Homa — 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 56/100 on livability (#1,308 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A-; Watch: schools F, crime F, amenities F.
• La Joya ISD (suburban): math 18% / reading 29% proficiency, ranked #759 of 826 in TX (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 75 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $1k of loan paydown is wiped out by about $6k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $55k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 185 days — a 12% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 4 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; major wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $171,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 185 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
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: 1.26% ✓
• Cap rate: 9.65%
• Cash-on-cash: 12.00%
• DSCR: 1.53
• GRM: 6.6

CMA / ARV

• ARV (median comp): $293,557
• List price: $195,000
• Delta: -33.57%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 1.6%
• Equity multiple: 1.06×
• Total profit: $3,243
• Equity at exit: $29,075

10-year hold

• IRR: 11.2%
• Equity multiple: 1.88×
• Total profit: $47,861
• Equity at exit: $16,860

Cash invested: $54,600 (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 78575

• Home prices YoY: -2.2%
• Active inventory: 75
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $2,450 medium
• Mortgage (P&I): −$1,023
• Tax from tax record: −$286 /mo · $3,427/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$514
• Net cashflow: $546

Break-even live

Break-even rent $1,759

Max offer price $195,000

Occupancy floor 73%

Sensitivity live

Price	-10% $656	-5% $601	+0% $546	+5% $491	+10% $436
Rent	-10% $353	-5% $449	+0% $546	+5% $643	+10% $740
Rate	-1.0pp $644	-0.5pp $596	base $546	+0.5pp $496	+1.0pp $444

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9433 N Minnesota Rd Palmview, TX	4.0	3.0	2284	$2,500	$1.09	45d	1	1.35mi
9433 N Minnesota Rd Palmview, TX	4.0	3.0	2284	$2,400	$1.05	14d	1	1.35mi

Listing history 28 events

1. 2026-06-18
   days on market $195,000 Active 185 DOM
2. 2026-06-17
   days on market $195,000 Active 184 DOM
3. 2026-06-16
   days on market $195,000 Active 183 DOM
4. 2026-06-15
   days on market $195,000 Active 182 DOM
5. 2026-06-14
   days on market $195,000 Active 180 DOM
6. 2026-06-13
   days on market $195,000 Active 179 DOM
7. 2026-06-10
   days on market $195,000 Active 177 DOM
8. 2026-06-09
   days on market $195,000 Active 176 DOM
9. 2026-06-08
   days on market $195,000 Active 175 DOM
10. 2026-06-07
    days on market $195,000 Active 174 DOM
11. 2026-06-05
    days on market $195,000 Active 171 DOM
12. 2026-06-03
    days on market $195,000 Active 170 DOM
13. 2026-06-02
    days on market $195,000 Active 169 DOM
14. 2026-06-01
    days on market $195,000 Active 168 DOM
15. 2026-05-31
    days on market $195,000 Active 167 DOM
16. 2026-05-31
    days on market $195,000 Active 166 DOM
17. 2026-05-18
    status Active 797-char remark

    Show marketing remark (797 chars)

    Excellent income-producing opportunity in Mission, Texas—now eligible for a USDA loan with zero down payment! Ideal for investors, first-time homebuyers, or owner-occupants, this versatile property is perfect for those seeking a spacious home with built-in rental income. The property features three rental units—two detached and one attached—each with its own private kitchen and bathroom, and each currently rented for $500 per month, providing immediate and consistent cash flow. Situated on a fully fenced half-acre lot, the property includes a 2-year-old roof, a new A/C unit and water heater, and a motorized entry gate for added security. With low property taxes, mature fruit trees, and room for future expansion, this property offers both comfort and long-term value.

18. 2026-05-08
    historical Option 797-char remark

    Show marketing remark (797 chars)

    Excellent income-producing opportunity in Mission, Texas—now eligible for a USDA loan with zero down payment! Ideal for investors, first-time homebuyers, or owner-occupants, this versatile property is perfect for those seeking a spacious home with built-in rental income. The property features three rental units—two detached and one attached—each with its own private kitchen and bathroom, and each currently rented for $500 per month, providing immediate and consistent cash flow. Situated on a fully fenced half-acre lot, the property includes a 2-year-old roof, a new A/C unit and water heater, and a motorized entry gate for added security. With low property taxes, mature fruit trees, and room for future expansion, this property offers both comfort and long-term value.

19. 2025-12-15
    listed $199,000 Active 797-char remark

    Show marketing remark (797 chars)

    Excellent income-producing opportunity in Mission, Texas—now eligible for a USDA loan with zero down payment! Ideal for investors, first-time homebuyers, or owner-occupants, this versatile property is perfect for those seeking a spacious home with built-in rental income. The property features three rental units—two detached and one attached—each with its own private kitchen and bathroom, and each currently rented for $500 per month, providing immediate and consistent cash flow. Situated on a fully fenced half-acre lot, the property includes a 2-year-old roof, a new A/C unit and water heater, and a motorized entry gate for added security. With low property taxes, mature fruit trees, and room for future expansion, this property offers both comfort and long-term value.

20. 2025-11-20
    price $199,000
21. 2025-09-23
    status Active
22. 2025-09-13
    status Pending
23. 2025-09-08
    historical Option
24. 2025-07-17
    price $210,000
25. 2025-06-16
    price $215,000
26. 2025-06-04
    listed $225,000 Active
27. 2019-08-05
    soldstatus
28. 1998-05-18
    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: $3,427 · $286/mo
• Projected year-2 tax: $3,568 · $297/mo
• Expected delta: +$141/yr (+$12/mo · 4.1%)

ⓘ 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 · 20% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 9/10 Extreme 7 d/yr ≥112°F today · 22 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: $29,400
• − Mortgage interest: −$10,923
• − Property taxes: −$3,427
• − Insurance: −$975
• − Repairs & maintenance: −$2,352
• − Management: −$2,352
• − Depreciation: −$5,673
• Taxable income: $3,698
• Est. tax owed @ 24.0%: −$888
• After-tax cash flow: $5,665/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 Joya ISD
• NCES district ID: 4826130
• Math proficiency: 18% ▼ -35.00%
• Reading proficiency: 29% ▼ -10.00%
• Median HH income: $27,845
• Composite: 18.65/100
• National rank: #8891
• State rank: #759 of 826 in TX

Livability — La Homa

• Score: 56/100
• State rank: #1308
• US rank: #22643

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 62,456
• Population (ZIP): 4,728

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 (78%)
• Race & ethnicity: Hispanic / Latino 78% Two or more races 36% White 19% Asian 3%
• Hispanic origin (detail): Mexican 75%
• Common ancestry: Lithuanian 2% Slovak 1% Italian 1%
• Foreign-born: 28% · Canada, China, Dominican Republic
• Languages at home: 27% English-only · Spanish 70% Chinese 1% Other Indo-European 1%

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: —

Market trends

• HPI YoY: ▼ -5.34%
• Current HPI: 240.4582
• 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

-11.6% since first listed

12 events — show timeline

• 2026-05-18 Relisted — MCALLENMLS
• 2026-05-08 Contingent — MCALLENMLS
• 2025-12-15 Listed $199,000 MCALLENMLS
• 2025-11-20 Price Changed $199,000 MCALLENMLS
• 2025-09-23 Relisted — MCALLENMLS
• 2025-09-13 Pending — MCALLENMLS
• 2025-09-08 Contingent — MCALLENMLS
• 2025-07-17 Price Changed $210,000 MCALLENMLS
• 2025-06-16 Price Changed $215,000 MCALLENMLS
• 2025-06-04 Listed $225,000 MCALLENMLS
• 2019-08-05 Sold (Public Records) — Public Records
• 1998-05-18 Sold (Public Records) — Public Records

Property tax history

+6.2%/yr

Latest (2025): $3,427 · +7.1% YoY. Source: county tax records.