1005 Castle Heights Dr Unit N/A · Laredo, TX 78045

$1,300

2 bd · 1.0 ba · 945 sqft · SingleFamily · 12 Days on market

Built 1981 Good condition 945 sqft lot

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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).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Condition / age +3.8/5.0
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• Schools +2.8/10.0
• Appreciation +0.0/10.0

Listing remarks

Realtor owned. Prime location in north Laredo. Within walking distance to schools, supermarket, restaurants, shops and metro bus stops. Spacious two bedrooms upstairs. Living and kitchen/ dining area are downstairs. Back porch area is fenced. Unit does not have washer and dryer connection.

Key facts

• Built 1981
• Listed 11 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $1k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $952 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $1k).
• Cap rate 885.4% vs local median 4.1% 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: schools C-, crime C-, employment D+.
• 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.
• Market conditions: Rents rising fast (+4.7%/yr); 383 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,448 units permitted in Webb County in 2024 (245 in 5+ unit buildings).
• This rent is only 16% of the median local income ($91k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $9 of loan paydown is wiped out by about $39 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.
• At projected returns (-3.0% appreciation + 4.7% rent growth), your $364 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 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.

Recommended offer $1,300

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 93.60% ✓
• Cap rate: 885.36%
• Cash-on-cash: 3139.54%
• DSCR: 140.69
• GRM: 0.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.7% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 172.92×
• Total profit: $62,579
• Equity at exit: $194

10-year hold

• IRR: —
• Equity multiple: 390.18×
• Total profit: $141,661
• Equity at exit: $112

Cash invested: $364 (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 78045

• Home prices YoY: -34.5%
• Rents YoY: 4.7%
• Active inventory: 383
• Price-to-rent: 0.1×

Monthly cashflow live

• Estimated rent: $1,217 high
• Mortgage (P&I): −$7
• Tax est. 1.5%: −$2 /mo · $20/yr
• Insurance: −$1
• HOA: −$0
• Vacancy / Maint / Mgmt: −$256
• Net cashflow: $952

Break-even live

Break-even rent $11

Max offer price $1,300

Occupancy floor 17%

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: $325
• Closing costs: $39
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7605 Green Meadow Dr Laredo, TX	2.0	2.0	980	$1,225	$1.25	43d	2	0.55mi
7550 Country Club Dr Laredo, TX	1.0–3.0	1.0–2.0	826	$1,375	$1.66	43d	23	0.69mi
104 Belaire Dr Unit 9 Laredo, TX	2.0	2.0	735	$1,000	$1.36	43d	1	0.80mi
1601 Jacaman Rd Laredo, TX	2.0	2.0	1005	$1,349	$1.34	43d	1	0.82mi
1601 B Jacaman Rd Laredo, TX	1.0	1.0	750	$1,010	$1.35	43d	1	0.83mi
1205 International Blvd #11 Laredo, TX	2.0	2.0	943	$1,150	$1.22	43d	1	0.98mi
401 International Blvd Unit 11 Laredo, TX	1.0	1.5	1000	$1,200	$1.20	43d	1	1.08mi
1502 Calle del Norte Unit 47 Up Laredo, TX	2.0	1.0	850	$950	$1.12	43d	1	1.09mi
1616 Calle del Norte Laredo, TX	1.0–2.0	1.0	755	$950	$1.26	43d	1	1.10mi
1502 Calle del Norte Laredo, TX	1.0	1.0	660	$760	$1.15	43d	1	1.12mi
508 Gale St Apt 9 Laredo, TX	2.0	1.0	850	$975	$1.15	43d	1	1.21mi
508 Gale St Apt 21 Laredo, TX	2.0	1.0	850	$950	$1.12	43d	1	1.21mi
508 Gale St Laredo, TX	1.0	1.0	660	$760	$1.15	43d	1	1.22mi
7402 Springfield Ave Laredo, TX	1.0–2.0	1.0–2.0	887	$1,646	$1.86	43d	13	1.23mi
501 Shiloh Dr Unit 203 Laredo, TX	2.0	2.0	980	$1,150	$1.17	44d	1	1.28mi
511 Shiloh Dr Unit 16 Laredo, TX	1.0	1.0	532	$850	$1.60	43d	1	1.29mi
511 Shiloh Dr Unit 6 Laredo, TX	1.0	1.0	532	$860	$1.62	43d	1	1.29mi
511 Shiloh Dr Unit 11 Laredo, TX	1.0	1.0	532	$795	$1.49	43d	1	1.29mi
507 Shiloh Dr Unit 2 Laredo, TX	2.0	1.0	833	$1,000	$1.20	43d	1	1.29mi
413 Shiloh Dr #102 Laredo, TX	2.0	2.0	855	$1,250	$1.46	43d	1	1.32mi
7305 Wagner Ct Unit A Laredo, TX	2.0	1.0	818	$1,100	$1.34	43d	1	1.33mi
502 Shiloh Dr Unit 101E Laredo, TX	1.0	1.0	832	$1,850	$2.22	43d	1	1.35mi
5816 Longoria Loop Laredo, TX	3.0	2.0	1007	$1,300	$1.29	43d	1	1.35mi
502 Shiloh Dr Unit 301E Laredo, TX	1.0	1.0	845	$1,175	$1.39	43d	1	1.36mi
408 Shiloh Dr Unit 103 Laredo, TX	2.0	2.0	969	$1,200	$1.24	43d	1	1.40mi
7613 King Arthurs Ct Laredo, TX	1.0–3.0	1.5–2.5	1160	$1,875	$1.62	43d	1	1.46mi

Listing history 9 events

1. 2026-06-16
   days on market $1,300 Active 12 DOM
2. 2026-06-15
   days on market $1,300 Active 11 DOM
3. 2026-06-14
   days on market $1,300 Active 9 DOM
4. 2026-06-13
   days on market $1,300 Active 8 DOM
5. 2026-06-10
   days on market $1,300 Active 6 DOM
6. 2026-06-09
   days on market $1,300 Active 5 DOM
7. 2026-06-08
   days on market $1,300 Active 4 DOM
8. 2026-06-07
   pricedays on marketlisting id $1,300 Active 3 DOM
9. 2026-05-14
   listed $139,800 Active 290-char remark

ⓘ 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: $14,602
• − Mortgage interest: −$73
• − Property taxes: −$20
• − Insurance: −$6
• − Repairs & maintenance: −$1,168
• − Management: −$1,168
• − Depreciation: −$38
• Taxable income: $12,129
• Est. tax owed @ 24.0%: −$2,911
• After-tax cash flow: $8,517/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 · 14 photos

Good 75/100 Cosmetic rehab

This property is in good condition with modern updates and a prime location. It is ready for immediate occupancy and can be further enhanced with minor exterior painting and HVAC upgrades.

Value-add opportunities

• Both Painting the exterior brick — Enhances curb appeal and can increase both resale and rental value
• Both Upgrading the HVAC system — Improves comfort and energy efficiency, attracting more buyers
• Both Adding a washer and dryer connection — Solves a major inconvenience and increases the property's functionality

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior brick — Enhances curb appeal and can increase both resale and rental value ↑
• Both Upgrading the HVAC system — Improves comfort and energy efficiency, attracting more buyers ↑
• Both Adding a washer and dryer connection — Solves a major inconvenience and increases the property's functionality ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

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 County · 67,333 people
• City population: 67,333
• Metro: Laredo, TX
• Population (ZIP): 67,333
• Household income: $90,608
• Rent vs Own: 21.1% rent · 78.9% own
• Severe rent burden: 1042.0

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 50% White 5%
• Hispanic origin (detail): Mexican 87%
• Foreign-born: 26% · Canada
• Languages at home: 16% English-only · Spanish 82%

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: ▼ -88.24%
• Current HPI: 167.3597
• Rent YoY: ▲ 4.70%
• Metro: Laredo, 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

-99.1% since first listed

2 events — show timeline

• 2026-06-17 Listed for Rent $1,300 LAOR
• 2026-05-14 Listed $139,800 LAOR