307 S Hawaii St · Alton, TX 78573

$97,690

3 bd · 1.0 ba · 1,161 sqft · SingleFamily public records · 64 Days on market

Built 2015 6,499 sqft lot $84/sqft · 56% below area Est $182k · 46% under ↓ 8% 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 +20.7/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• 1% rule +6.6/10.0
• DSCR +6.6/10.0
• Rent growth +3.1/5.0
• Livability +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0

Listing remarks MLS

Reduced $10,000!!! Investor special in the heart of Alton! Located at 307 S. Hawaii St., this property is packed with potential and priced to sell. Whether you are looking for your next flip, a starter home project, or a great opportunity to create a cash-flowing rental, this is one you do not want to miss. With strong upside and plenty of possibilities, this property is perfect for investors ready to add value and maximize returns. Motivated seller is ready to make a deal—bring your offers before this opportunity is gone!

Key facts

• 6,499 sq ft lot
• Built 2015
• Listed 64 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $98k.

Deal economics

• At list price, monthly cash flow is $132 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $98k).
• Recommended offer: $92k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.9% vs local median 2.6% in Alton — 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 58/100 on livability (#1,230 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: schools F, crime F, amenities F.
• Mission CISD (urban): math 15% / reading 28% proficiency, ranked #775 of 826 in TX (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.5%/yr); 623 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); 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 ($676 loan paydown + $10k 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 + 2.5% rent growth), your $27k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($92k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price.
• Climate carrying-cost: severe wind risk, 98% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $91,828 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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. 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: 1.16% ✓
• Cap rate: 7.91%
• Cash-on-cash: 5.78%
• DSCR: 1.26
• GRM: 7.2

CMA / ARV

• ARV (median comp): $182,285
• List price: $97,690
• Delta: -46.41%
• 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
1003 W Garfield Ave	0.45mi	3/2.0	1,199 (+3%)	3mo	$175,000	$146	67
617 W Garfield Ave	0.38mi	3/2.0	1,272 (+10%)	1mo	$234,900	$185	61
310 Adams Ave	0.59mi	3/2.0	1,196 (+3%)	3mo	$225,000	$188	61
909 W Sycamore Ave	0.36mi	3/2.0	1,283 (+10%)	4mo	$212,000	$165	58
322 E Adams Ave	0.63mi	3/1.5	1,256 (+8%)	0mo	$129,016	$103	55
1021 W Dukakis Ave	0.29mi	3/2.0	1,259 (+8%)	20mo	$199,999	$159	52
1205 Combes Ave	0.58mi	3/2.0	1,187 (+2%)	16mo	$199,000	$168	52
127 Minnesota St	0.50mi	3/2.0	1,187 (+2%)	23mo	$199,000	$168	50
1105 W Eisenhower Ave	0.38mi	3/2.0	1,311 (+13%)	8mo	$197,500	$151	50
418 S Kentucky St	0.18mi	3/2.5	1,308 (+13%)	18mo	$189,900	$145	49
209 N Minnesota St	0.55mi	3/2.0	1,322 (+14%)	7mo	$219,000	$166	41
419 W Bella Vista Ln	0.71mi	3/2.0	1,043 (-10%)	22mo	$115,000	$110	27

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 · 2.45% rent growth · sell at horizon

5-year hold

• IRR: 28.3%
• Equity multiple: 3.23×
• Total profit: $61,041
• Equity at exit: $88,007

10-year hold

• IRR: 24.5%
• Equity multiple: 7.29×
• Total profit: $172,063
• Equity at exit: $189,790

Cash invested: $27,353 (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 78573

• Home prices YoY: 8.0%
• Rents YoY: 2.5%
• Active inventory: 623
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,132 high
• Mortgage (P&I): −$512
• Tax from tax record: −$209 /mo · $2,513/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$238
• Net cashflow: $132

Break-even live

Break-even rent $965

Max offer price $97,690

Occupancy floor 83%

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: $24,422
• Closing costs: $2,931
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
312 W Campeche Ave Unit 1 Alton, TX	2.0	2.0	1000	$1,065	$1.06	23d	1	0.38mi
308 W Campeche Ave Unit 1 Alton, TX	2.0	2.0	916	$1,000	$1.09	44d	1	0.38mi
312 W Campeche Ave Unit 4 Alton, TX	3.0	2.0	1000	$1,165	$1.17	23d	1	0.38mi
308 W Campeche Ave Unit 2 Alton, TX	3.0	2.0	1184	$1,165	$0.98	44d	1	0.44mi
307 W Campeche Ave Unit 4 Alton, TX	3.0	2.0	1148	$1,300	$1.13	23d	1	0.47mi
307 W Campeche Ave Unit 3 Alton, TX	2.0	2.0	980	$1,100	$1.12	23d	1	0.47mi
116 W Campeche Ave Unit 3 Alton, TX	2.0	2.0	900	$1,100	$1.22	44d	1	0.50mi
116 W Campeche Ave Unit 4 Alton, TX	3.0	2.0	1175	$1,200	$1.02	44d	1	0.50mi
120 W Diamond Ave Unit 3 Alton, TX	2.0	2.0	958	$1,100	$1.15	23d	1	0.54mi
310 E Adams Ave Alton, TX	3.0	2.0	1196	$1,400	$1.17	44d	1	0.57mi
809 S Michigan St Unit 4 Alton, TX	2.0	1.5	1000	$875	$0.88	44d	1	0.58mi
909 W Kohala Ave Unit 1 Alton, TX	3.0	2.0	1100	$1,050	$0.95	14d	1	0.59mi
1309 W Garfield Ave Unit 3 Alton, TX	2.0	2.0	957	$900	$0.94	23d	1	0.60mi
1327 W Garfield Ave Unit 3 Alton, TX	2.0	2.0	995	$925	$0.93	23d	1	0.63mi
1327 W Garfield Ave Unit 2 Alton, TX	2.0	2.0	900	$1,000	$1.11	14d	1	0.63mi
904 W Mahala Ave Unit 3 Alton, TX	2.0	2.0	900	$925	$1.03	23d	1	0.64mi
908 W Kohala Ave Unit 1 Alton, TX	2.0	2.0	900	$950	$1.06	14d	1	0.65mi
713 N Maryland St Unit 4 Alton, TX	3.0	2.0	1000	$1,100	$1.10	23d	1	0.65mi
1302 W Harrison Ave Unit 1 Alton, TX	2.0	2.0	1050	$890	$0.85	44d	1	0.66mi
810 S Missouri St Apt 2 Alton, TX	2.0	2.0	990	$925	$0.93	21d	1	0.66mi
1310 W Harrison Ave Unit 2 Alton, TX	3.0	2.0	1050	$1,325	$1.26	44d	1	0.67mi
1310 W Harrison Ave Unit 3 Alton, TX	3.0	2.0	1050	$1,325	$1.26	23d	1	0.67mi
818 S Missouri St Unit 2 Alton, TX	2.0	2.0	869	$960	$1.10	44d	1	0.68mi
825 S Mississippi St Unit C Alton, TX	2.0	2.0	912	$800	$0.88	19d	1	0.68mi
805 N Maryland St Unit 3 Mission, TX	2.0	2.0	893	$1,115	$1.25	21d	1	0.69mi
908 Kentucky St Unit 3 Alton, TX	2.0	2.0	928	$1,075	$1.16	23d	1	0.70mi
1005 W La Pointe Ave Unit 3 Alton, TX	3.0	2.0	1100	$1,175	$1.07	44d	1	0.72mi
1005 W La Pointe Ave Unit 3 Alton, TX	3.0	2.0	1100	$1,175	$1.07	23d	1	0.72mi
912 Kentucky St #3 Alton, TX	2.0	2.0	950	$1,100	$1.16	14d	1	0.72mi
1421 W Harrison Ave Alton, TX	3.0	2.0	1008	$750	$0.74	19d	1	0.73mi
1421 W Harrison Ave Alton, TX	3.0	2.0	1008	$925	$0.92	44d	1	0.73mi
805 W Sunset Valley St Unit 3 Alton, TX	2.0	2.0	928	$1,050	$1.13	23d	1	0.73mi
1412 W Harrison Ave Unit 3 Alton, TX	3.0	2.5	1200	$975	$0.81	21d	1	0.73mi
1421 W Harrison Ave Unit 6 Alton, TX	3.0	2.0	1008	$750	$0.74	23d	1	0.73mi
1000 Kentucky St Unit 1 Alton, TX	2.0	2.0	928	$1,075	$1.16	44d	1	0.74mi
913 W Sunset Valley St Mission, TX	3.0	2.0	1040	$1,300	$1.25	44d	1	0.75mi
1001 W Sunset Valley St Alton, TX	3.0	2.0	1050	$1,200	$1.14	44d	1	0.75mi
1001 W Sunset Valley St Unit 4 Alton, TX	3.0	2.0	1092	$1,100	$1.01	44d	1	0.77mi
1001 W Sunset Valley St Unit 4 Alton, TX	3.0	2.0	1092	$1,100	$1.01	23d	1	0.77mi
1428 W Harrison Ave Unit 3 Alton, TX	2.0	2.0	1000	$975	$0.97	23d	1	0.77mi

Listing history 17 events

1. 2026-06-18
   days on market $97,690 Active 64 DOM
2. 2026-06-17
   days on market $97,690 Active 63 DOM
3. 2026-06-16
   pricedays on market $97,690 Active 62 DOM
4. 2026-06-15
   days on market $101,760 Active 61 DOM
5. 2026-06-14
   days on market $101,760 Active 59 DOM
6. 2026-06-10
   pricedays on market $101,760 Active 56 DOM
7. 2026-06-09
   days on market $106,000 Active 55 DOM
8. 2026-06-08
   days on market $106,000 Active 54 DOM
9. 2026-06-07
   days on market $106,000 Active 53 DOM
10. 2026-06-03
    days on market $106,000 Active 49 DOM
11. 2026-06-03
    price $106,000 Active 48 DOM
12. 2026-06-02
    days on market $110,000 Active 48 DOM
13. 2026-06-01
    days on market $110,000 Active 47 DOM
14. 2026-05-31
    days on market $110,000 Active 46 DOM
15. 2026-05-31
    days on market $110,000 Active 45 DOM
16. 2026-05-07
    price $110,000 534-char remark

    Show marketing remark (534 chars)

    Reduced $10,000!!! Investor special in the heart of Alton! Located at 307 S. Hawaii St., this property is packed with potential and priced to sell. Whether you are looking for your next flip, a starter home project, or a great opportunity to create a cash-flowing rental, this is one you do not want to miss. With strong upside and plenty of possibilities, this property is perfect for investors ready to add value and maximize returns. Motivated seller is ready to make a deal—bring your offers before this opportunity is gone!

17. 2026-04-15
    listed $120,000 Active 534-char remark

    Show marketing remark (534 chars)

    Reduced $10,000!!! Investor special in the heart of Alton! Located at 307 S. Hawaii St., this property is packed with potential and priced to sell. Whether you are looking for your next flip, a starter home project, or a great opportunity to create a cash-flowing rental, this is one you do not want to miss. With strong upside and plenty of possibilities, this property is perfect for investors ready to add value and maximize returns. Motivated seller is ready to make a deal—bring your offers before this opportunity is gone!

ⓘ 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: $2,513 · $209/mo
• Projected year-2 tax: $2,513 · $209/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 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥112°F today · 21 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 98% 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: $13,582
• − Mortgage interest: −$5,472
• − Property taxes: −$2,513
• − Insurance: −$488
• − Repairs & maintenance: −$1,087
• − Management: −$1,087
• − Depreciation: −$2,842
• Taxable income: $93
• Est. tax owed @ 24.0%: −$22
• After-tax cash flow: $1,558/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: Mission CISD
• NCES district ID: 4831040
• Math proficiency: 15% ▼ -35.00%
• Reading proficiency: 28% ▼ -15.00%
• Median HH income: $32,855
• Composite: 17.47/100
• National rank: #9061
• State rank: #775 of 826 in TX

Livability — Alton

• Score: 58/100
• State rank: #1230
• US rank: #21479

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

• Census place: Alton, TX
• County: Hidalgo County · 623,128 people
• City population: 44,809
• Metro: McAllen-Edinburg-Mission, TX
• Population (ZIP): 44,809
• Household income: $55,000
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 855.0

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 (96%)
• Race & ethnicity: Hispanic / Latino 96% Two or more races 63% White 3%
• Hispanic origin (detail): Mexican 94%
• Foreign-born: 28% · Canada
• Languages at home: 12% English-only · Spanish 88%

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: ▲ 17.95%
• Current HPI: 242.0711
• Rent YoY: ▲ 2.45%
• Metro: McAllen-Edinburg-Mission, TX
• 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

-8.3% since first listed

2 events — show timeline

• 2026-05-07 Price Changed $110,000 MCALLENMLS
• 2026-04-15 Listed $120,000 MCALLENMLS

Property tax history

+16.2%/yr

Latest (2025): $2,513 · +20.3% YoY. Source: county tax records.