604 N Victoria Rd #9 · Donna, TX 78537

$92,900

2 bd · 2.0 ba · 1,190 sqft · Manufactured · 862 Days on market

Manufactured home Built 2024 Good condition $78/sqft · 27% below area Est $127k · 27% under

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Why this score? — see what drove the C 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 +17.6/30.0
• ARV discount +15.0/15.0
• Appreciation +7.5/10.0
• DSCR +5.5/10.0
• 1% rule +4.7/10.0
• Condition / age +4.0/5.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Schools +1.7/10.0
• Manufactured-home adj. -4.9

Listing remarks MLS

Titanium Cypress- 3/2. Over 1200 Sq. ft. One of the most popular floor plans with young families and empty nesters alike. Great value for the money and it looks amazing. Upgraded stainless appliances, upgrade flooring, low-e windows for energy efficiency and an amazing look. Price includes, delivery and set-up, caliche pad, vapor barrier, Central A/C and Heat, (2) 4x4 decks and upgrade vinyl skirting, plus our award winning in house service! MSRP- $106,500 Sale Price $92,900!!

Key facts

• Central a/c and heat
• Upgrade flooring
• Built 2024

Tags

• UPGRADED STAINLESS APPLIANCES
• UPGRADE FLOORING
• CENTRAL A/C AND HEAT

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $93k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $72 ($868/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $90k (2.7% below list).
• Recommended offer: $82k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.2% vs local median 3.3% in Donna — 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 54/100 on livability (#1,411 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: crime F, amenities F, commute 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: T Price El (math 12% / reading 22%, grade F, #3,836 of 4,322 statewide, top 91%, 417 students, 97% FRL); W A Todd Middle (math 9% / reading 22%, grade F, #1,556 of 1,662 statewide, top 94%, 693 students, 92% FRL); Donna H S (math 16% / reading 21%, grade F, #1,436 of 1,632 statewide, top 88%, 2,095 students, 92% FRL) — zoned schools average 94% FRL vs 48% district-wide (45 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 507 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals lingering (median 63d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 59% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 7,378 units permitted in Hidalgo County in 2024 (641 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($642 loan paydown + $9k appreciation (10.0% local appreciation)).
• Hidalgo County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $26k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 862 days — a 12% lower offer ($82k) is reasonable based on typical stale-listing flexibility.

Recommended offer $81,752 (12.0% below list)

Questions for the listing agent

1. It's been on market 862 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: 0.97% ✗
• Cap rate: 7.23%
• Cash-on-cash: 3.34%
• DSCR: 1.15
• GRM: 8.6

CMA / ARV

• ARV (median comp): $127,202
• List price: $92,900
• Delta: -26.97%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3098 Briggs Rd #3	1.21mi	3/2.0 (+1)	1,193 (+0%)	1mo	$140,000	$117	59
3098 Briggs Rd #1	1.21mi	3/2.0 (+1)	1,193 (+0%)	4mo	$140,000	$117	56
612 S 21st St	1.29mi	2/2.5	1,128 (-5%)	4mo	$189,900	$168	51
512 S 24th St	1.18mi	3/2.0 (+1)	1,116 (-6%)	6mo	$115,000	$103	45
3098 Briggs Rd #4	1.21mi	3/2.0 (+1)	1,088 (-9%)	1mo	$140,000	$129	45
2020 W Adelita St	1.23mi	3/2.0 (+1)	1,092 (-8%)	5mo	$175,000	$160	42
2214 W Taft St	1.24mi	3/2.0 (+1)	1,299 (+9%)	4mo	$185,000	$142	41
212 S 26th St	0.88mi	2/1.0	1,416 (+19%)	3mo	$138,000	$97	34
3401 Kerps St	1.42mi	3/2.5 (+1)	1,446 (+22%)	0mo	$239,950	$166	33
1908 W Washington St	1.36mi	3/2.0 (+1)	1,484 (+25%)	4mo	$178,000	$120	31
2321 Cardinal Dr	1.41mi	3/2.0 (+1)	1,450 (+22%)	5mo	$244,900	$169	31
3417 Kerps St	1.18mi	3/2.5 (+1)	1,446 (+22%)	4mo	$259,000	$179	30

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.7%
• Equity multiple: 3.12×
• Total profit: $55,218
• Equity at exit: $83,692

10-year hold

• IRR: 23.4%
• Equity multiple: 7.11×
• Total profit: $159,010
• Equity at exit: $180,484

Cash invested: $26,012 (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: 10 active
• Median asking: $93,900 ($78/sqft)
• Median days on market: 862 d
• This list price: 10% of active listings are priced below it
• ARV vs active asking: +37.5% above current asking $/sqft

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

ZIP-level market 78537

• Home prices YoY: 5.8%
• Active inventory: 507
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $904 high
• Mortgage (P&I): −$487
• Tax est. 1.5%: −$116 /mo · $1,394/yr
• Insurance: −$39
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$190
• Net cashflow: $72

Break-even live

Break-even rent $813

Max offer price $92,900

Occupancy floor 87%

Sensitivity live

Price	-10% $137	-5% $104	+0% $72	+5% $40	+10% $8
Rent	-10% $1	-5% $37	+0% $72	+5% $108	+10% $144
Rate	-1.0pp $119	-0.5pp $96	base $72	+0.5pp $48	+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: $23,225
• Closing costs: $2,787
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2607 E North Ave Donna, TX	1.0–3.0	1.0–2.0	950	$1,025	$1.08	0d	7	0.26mi
602 N Victoria Rd Donna, TX	3.0	2.0	1033	$1,431	$1.39	62d	1	0.50mi
2813 Bravo Rd Unit B Weslaco, TX	3.0	2.0	1000	$1,250	$1.25	6d	1	0.93mi
2900 Charlie Rd Unit A Weslaco, TX	3.0	2.0	860	$1,250	$1.45	6d	1	0.93mi
2705 Woodpecker Rd Unit 2 Weslaco, TX	2.0	2.0	1020	$1,200	$1.18	119d	1	0.94mi
1430 Mile 6 1/2 W Unit 6 1/2 Weslaco, TX	2.0	2.0	850	$877	$1.03	139d	1	0.95mi
3707 U.S. 83 Business Unit 333 Donna, TX	3.0	2.0	960	$899	$0.94	139d	1	0.96mi
3707 U.S. 83 Business Unit 431 Donna, TX	3.0	2.0	960	$799	$0.83	119d	1	0.96mi
3707 U.S. 83 Business Unit 419 Donna, TX	3.0	2.0	960	$824	$0.86	6d	1	0.96mi
3707 U.S. 83 Business Unit 340 Donna, TX	3.0	2.0	960	$799	$0.83	6d	1	0.96mi
3707 U.S. 83 Business Unit 442 Donna, TX	3.0	2.0	960	$799	$0.83	139d	1	0.96mi
3707 U.S. 83 Business Unit 464 Donna, TX	3.0	2.0	960	$799	$0.83	62d	1	0.96mi
2609 Woodpecker Rd Unit 3 Weslaco, TX	3.0	2.0	1068	$1,250	$1.17	6d	1	0.99mi
2609 Woodpecker Rd Unit 1 Weslaco, TX	2.0	2.0	1020	$1,250	$1.23	119d	1	0.99mi
2604 Woodpecker Rd Unit 2 Weslaco, TX	2.0	2.0	1068	$1,200	$1.12	110d	1	1.00mi
2605 Woodpecker Rd Unit 1 Weslaco, TX	2.0	2.0	1068	$1,250	$1.17	0d	1	1.01mi
2605 Woodpecker Rd Unit 4 Weslaco, TX	3.0	2.0	1183	$1,300	$1.10	119d	1	1.01mi
2605 Woodpecker Rd Unit 4 Weslaco, TX	3.0	2.0	1183	$1,350	$1.14	5d	1	1.01mi
503 Sparrow Rd Unit 1 Weslaco, TX	2.0	2.0	1000	$1,300	$1.30	116d	1	1.03mi
503 Sparrow Rd Unit 1 Weslaco, TX	2.0	2.0	1000	$1,350	$1.35	6d	1	1.03mi
2509 Woodpecker Rd Unit 4 Weslaco, TX	3.0	2.0	1209	$1,350	$1.12	6d	1	1.05mi
2608 Mockingbird Rd Unit 4 Weslaco, TX	3.0	2.0	1183	$1,380	$1.17	116d	1	1.06mi
2613 Mockingbird Rd Unit D Weslaco, TX	2.0	2.0	973	$1,200	$1.23	139d	1	1.06mi
412 Sparrow Rd Unit 1 Weslaco, TX	2.0	2.0	1020	$1,250	$1.23	119d	1	1.07mi
800 Oriole Rd Unit 4 Weslaco, TX	3.0	2.0	1185	$1,350	$1.14	6d	1	1.07mi
800 Oriole Rd Unit 3 Weslaco, TX	2.0	2.0	1020	$1,200	$1.18	6d	1	1.07mi
408 Sparrow Rd Unit 2 Weslaco, TX	1.0	1.0	855	$1,150	$1.35	62d	1	1.08mi
408 Sparrow Rd #4 Weslaco, TX	3.0	2.0	1185	$1,400	$1.18	110d	1	1.08mi
408 Sparrow Rd #4 Weslaco, TX	3.0	2.0	1185	$1,350	$1.14	6d	1	1.08mi
700 Oriole Rd #2 Weslaco, TX	2.0	2.0	1020	$1,250	$1.23	139d	1	1.10mi
2013 Canyon Dr Unit 4 Weslaco, TX	3.0	2.0	1111	$1,200	$1.08	119d	1	1.21mi
2103 Taft St Unit 4 Weslaco, TX	3.0	2.0	1111	$1,095	$0.99	139d	1	1.21mi
3099 Briggs Rd Weslaco, TX	2.0	2.0	995	$1,200	$1.21	62d	1	1.25mi
3208 Briggs Rd #3 Weslaco, TX	2.0	2.0	868	$1,200	$1.38	6d	1	1.25mi
3086 Briggs Rd Unit B Midway South, TX	2.0	3.0	1050	$1,300	$1.24	119d	1	1.25mi
3056 Stark Rd Unit 4 WESLACO, TX	3.0	2.0	1137	$1,300	$1.14	6d	1	1.30mi
1721 Harrison St Weslaco, TX	2.0	2.0	1005	$1,025	$1.02	139d	1	1.32mi

Listing history 50 events

1. 2026-09-23
   days on market $92,900 Active 862 DOM
2. 2026-09-22
   days on market $92,900 Active 861 DOM
3. 2026-09-21
   days on market $92,900 Active 860 DOM
4. 2026-09-20
   days on market $92,900 Active 859 DOM
5. 2026-09-19
   days on market $92,900 Active 858 DOM
6. 2026-09-18
   days on market $92,900 Active 857 DOM
7. 2026-09-17
   days on market $92,900 Active 856 DOM
8. 2026-09-16
   days on market $92,900 Active 855 DOM
9. 2026-09-15
   days on market $92,900 Active 854 DOM
10. 2026-09-14
    days on market $92,900 Active 853 DOM
11. 2026-09-13
    days on market $92,900 Active 852 DOM
12. 2026-09-12
    days on market $92,900 Active 851 DOM
13. 2026-09-11
    days on market $92,900 Active 850 DOM
14. 2026-09-05
    days on market $92,900 Active 844 DOM
15. 2026-09-04
    days on market $92,900 Active 843 DOM
16. 2026-09-03
    days on market $92,900 Active 842 DOM
17. 2026-08-31
    days on market $92,900 Active 839 DOM
18. 2026-08-30
    days on market $92,900 Active 838 DOM
19. 2026-08-29
    days on market $92,900 Active 837 DOM
20. 2026-08-28
    days on market $92,900 Active 836 DOM
21. 2026-08-27
    days on market $92,900 Active 835 DOM
22. 2026-08-25
    days on market $92,900 Active 833 DOM
23. 2026-08-24
    days on market $92,900 Active 832 DOM
24. 2026-08-23
    days on market $92,900 Active 831 DOM
25. 2026-08-22
    days on market $92,900 Active 830 DOM
26. 2026-08-21
    days on market $92,900 Active 829 DOM
27. 2026-08-20
    days on market $92,900 Active 828 DOM
28. 2026-08-19
    days on market $92,900 Active 827 DOM
29. 2026-08-18
    days on market $92,900 Active 826 DOM
30. 2026-08-17
    days on market $92,900 Active 825 DOM
31. 2026-08-16
    days on market $92,900 Active 824 DOM
32. 2026-08-15
    days on market $92,900 Active 823 DOM
33. 2026-08-15
    days on market $92,900 Active 822 DOM
34. 2026-08-13
    days on market $92,900 Active 821 DOM
35. 2026-08-12
    days on market $92,900 Active 820 DOM
36. 2026-08-11
    days on market $92,900 Active 819 DOM
37. 2026-08-10
    days on market $92,900 Active 818 DOM
38. 2026-08-09
    days on market $92,900 Active 817 DOM
39. 2026-08-08
    days on market $92,900 Active 816 DOM
40. 2026-08-07
    days on market $92,900 Active 815 DOM
41. 2026-08-06
    days on market $92,900 Active 814 DOM
42. 2026-08-05
    days on market $92,900 Active 813 DOM
43. 2026-08-04
    days on market $92,900 Active 812 DOM
44. 2026-08-03
    days on market $92,900 Active 811 DOM
45. 2026-07-31
    days on market $92,900 Active 808 DOM
46. 2026-07-30
    days on market $92,900 Active 807 DOM
47. 2026-07-29
    days on market $92,900 Active 806 DOM
48. 2026-07-27
    days on market $92,900 Active 804 DOM
49. 2026-07-25
    days on market $92,900 Active 802 DOM
50. 2026-07-23
    days on market $92,900 Active 800 DOM

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

Taxation est. · year 1

• Rental income: $10,851
• − Mortgage interest: −$5,204
• − Property taxes: −$1,394
• − Insurance: −$464
• − Repairs & maintenance: −$868
• − Management: −$868
• − Depreciation: −$2,703
• Taxable loss: −$649
• Est. tax savings @ 24.0%: +$156
• After-tax cash flow: $1,024/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 80/100 None rehab

This manufactured home is in good condition with a modern kitchen and well-maintained exterior. It is move-in ready and has the potential for minor improvements to further enhance its value.

Value-add opportunities

• Resale Painting the exterior siding — Fresh paint can enhance curb appeal and property value ↑
• Rental Landscaping improvements — Well-maintained landscaping can attract tenants and increase rental value ↑

F Composite school gradezoned avg 17/100

Zoned Schools

Elementary T Price El F TX #3,836/4,322 Nat'l #35,191/41,679 Middle W A Todd Middle F TX #1,556/1,662 Nat'l #12,557/14,009 High Donna H S F TX #1,436/1,632 Nat'l #14,713/17,239

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

D Composite livability gradescore 54/100

Livability — Donna

• Score: 54/100
• State rank: #1411
• US rank: #24172

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

• County: Hidalgo · 955,232 people
• City population: 51,346
• Metro: McAllen-Edinburg-Mission, TX
• Population (ZIP): 51,346
• Household income: $36,331
• Rent vs Own: 26.7% rent · 73.3% own
• Severe rent burden: 9% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (95%)
• Race & ethnicity: Hispanic / Latino 95% Two or more races 49% White 4%
• Hispanic origin (detail): Mexican 91%
• Foreign-born: 27% · Canada
• Languages at home: 15% English-only · Spanish 84%

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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: ▲ 13.30%
• Current HPI: 243.3933
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

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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

1 event — show timeline

• 2024-05-14 Listed $92,900 Zillow