2027 N Kelly St N · Mission, TX 78572

$132,500

2 bd · 2.0 ba · 938 sqft · Manufactured public records · 38 Days on market

Built 1985 6,165 sqft lot $141/sqft · at area comps Est $188k · 29% under $29/mo HOA · 3% of rent ↓ 2% since listing

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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).

• ARV discount +15.0/15.0
• Cash flow +13.7/30.0
• DSCR +4.1/10.0
• Livability +3.8/5.0
• 1% rule +3.5/10.0
• Schools +3.4/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to easy living in this beautifully maintained 3 bedroom, 2 bath home located in a desirable 55+ community! This spacious mobile home features tile flooring throughout, 2 living areas and a dedicated dining space perfect for entertaining or everyday comfort. Lots of natural light and an open concept with move in ready vibe and so very clean! Enjoy your morning coffee or evening relaxation in the enclosed patio, while the low-maintenance rock yard makes upkeep a breeze. The property also includes a detached one-car garage with convenient alley access for added functionality and storage. Lots of room on the patio as well as the double living areas with easy access to front, side and ba

Key facts

• Alley access
• Storage options
• Double living areas

Tags

• ENCLOSED PATIO
• LOW-MAINTENANCE ROCK YARD
• DETACHED ONE-CAR GARAGE
• ALLEY ACCESS
• DOUBLE LIVING AREAS
• STORAGE OPTIONS

Property features AI

Finance

• Other: Golf cart available
• HOA & community: Community association: Valley View Estates; Association fee $350 annually; POA mandatory with $50 transfer fee; POA contact email available; Community features include sidewalks; Senior community

Exterior

• Parking: Total of 3.5 parking spaces; 1.5 garage spaces; 2 carport spaces; Detached garage that faces the rear; Has carport; Has garage
• Security: Smoke detector(s)
• Utilities: Public water; City sewer; Cable available; Electric service
• Home design: Not new construction; Living area reported by HidalgoCAD
• Construction: Siding exterior; Metal roof; Slab foundation; Built area reported as 1,378
• Exterior features: Mature trees; Rock yard; Covered patio; Deck / balcony / porch; Patio slab; Alley access; Sidewalks; Paved road

Interior

• Kitchen: Gas cooktop; Dishwasher; Electric water heater
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Solid-surface countertops; Ceiling fans; Walk-in closet(s); Mini blinds; Smoke detector(s)
• Laundry & utility: Laundry area; Washer and dryer present

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $132k.

Deal economics

• At list price, monthly cash flow is $9 ($108/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 $112k (15.3% below list).
• Recommended offer: $112k (15.3% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 3.5% in Mission — 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 75/100 on livability (#148 in TX, #4,155 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, employment D-.
• Sharyland ISD (urban): math 34% / reading 44% proficiency, ranked #406 of 826 in TX (top 49%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lloyd & Dolly Bentsen El (math 25% / reading 33%, grade F, #2,668 of 4,322 statewide, top 63%, 559 students, 83% FRL); B L Gray J H (math 50% / reading 55%, grade C+, #293 of 1,662 statewide, top 18%, 730 students, 67% FRL); Sharyland H S (math 36% / reading 58%, grade D-, #591 of 1,632 statewide, top 38%, 1,546 students, 57% FRL).
• Market conditions: Rents flat; 852 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 69% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $916 of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($129k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 96% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $112,269 (15.3% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 6.37%
• Cash-on-cash: 0.29%
• DSCR: 1.01
• GRM: 9.8

CMA / ARV

• ARV (median comp): $187,717
• List price: $132,500
• Delta: -29.42%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2029 Loker St	0.06mi	2/2.0	980 (+4%)	13mo	$70,000	$71	79
2026 Loker Ave	0.03mi	2/2.0	980 (+4%)	20mo	$80,000	$82	75

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 · 0.93% rent growth · sell at horizon

5-year hold

• IRR: -18.1%
• Equity multiple: 0.37×
• Total profit: $-23,195
• Equity at exit: $19,756

10-year hold

• IRR: -14.8%
• Equity multiple: 0.23×
• Total profit: $-28,504
• Equity at exit: $11,456

Cash invested: $37,100 (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 78572

• Home prices YoY: -22.9%
• Rents YoY: 0.9%
• Active inventory: 852
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,123 high
• Mortgage (P&I): −$695
• Tax from tax record: −$99 /mo · $1,187/yr
• Insurance: −$55
• HOA: −$29
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $9

Break-even live

Break-even rent $1,111

Max offer price $132,500

Occupancy floor 94%

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: $33,125
• Closing costs: $3,975
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2113 Amy St Mission, TX	2.0	2.0	784	$875	$1.12	23d	1	0.08mi
716 Ragland Rd #3 Mission, TX	1.0	1.0	651	$925	$1.42	43d	1	0.15mi
720 Ragland Rd #8 Mission, TX	3.0	2.0	1053	$1,300	$1.23	23d	1	0.16mi
720 Ragland Rd #6 Mission, TX	1.0	1.0	651	$925	$1.42	43d	1	0.16mi
800 Ragland Rd Unit 5 Mission, TX	1.0	1.0	651	$925	$1.42	43d	1	0.21mi
800 Ragland Rd Unit 9 Mission, TX	2.0	2.0	913	$1,150	$1.26	43d	1	0.21mi
800 Ragland Rd Unit 10 Mission, TX	3.0	2.0	1053	$1,325	$1.26	43d	1	0.21mi
806 Ragland Rd Unit 1 Mission, TX	1.0	1.0	651	$925	$1.42	43d	1	0.21mi
2008 Selena St Unit 3 Mission, TX	3.0	2.0	1092	$1,450	$1.33	43d	1	0.33mi
606 San Antonio Ave Unit 4 Mission, TX	2.0	2.0	900	$895	$0.99	21d	1	0.36mi
606 San Antonio Ave Unit 606-4 Mission, TX	2.0	1.0	900	$850	$0.94	43d	1	0.36mi
606 San Antonio Ave Unit 1 Mission, TX	2.0	2.0	900	$850	$0.94	23d	1	0.37mi
600 San Antonio Ave Unit 7 Mission, TX	2.0	2.0	900	$880	$0.98	43d	1	0.37mi
2105 Selena St Mission, TX	3.0	2.0	1100	$1,500	$1.36	14d	1	0.37mi
2002 E 1st St Mission, TX	3.0	2.0	1017	$1,300	$1.28	43d	1	0.40mi
2112 Cassandra St Unit 2 Mission, TX	3.0	2.0	1050	$1,395	$1.33	43d	1	0.40mi
513 San Antonio Ave Apt 8 Mission, TX	1.0	1.5	971	$975	$1.00	43d	1	0.41mi
104 Sunflower St Unit 5 Mission, TX	3.0	2.0	950	$1,550	$1.63	14d	1	0.41mi
2210 E 1st St Unit 34 Mission, TX	1.0	1.0	700	$850	$1.21	23d	1	0.43mi
2510 E U.S. Business 83 Unit 8 Mission, TX	2.0	1.5	940	$800	$0.85	14d	1	0.78mi
804 N Taylor Rd Mission, TX	2.0	2.0	1020	$850	$0.83	43d	1	0.79mi
804 N Taylor Rd Unit 34 Mission, TX	2.0	2.0	1020	$850	$0.83	43d	1	0.79mi
400 S 49th St Unit 2 McAllen, TX	2.0	2.5	1080	$950	$0.88	43d	1	1.00mi
400 S 49th St Unit 4 McAllen, TX	3.0	2.5	1080	$1,100	$1.02	43d	1	1.00mi
401 S 49th St Unit 3 McAllen, TX	2.0	2.5	1100	$1,100	$1.00	43d	1	1.03mi
103 Yosemite Dr Unit 2 Mission, TX	3.0	2.0	1116	$1,375	$1.23	43d	1	1.05mi
1901 N Glasscock Rd Unit 17-A Mission, TX	3.0	2.0	924	$950	$1.03	43d	1	1.10mi
1901 N Glasscock Rd Lot 61 Mission, TX	3.0	2.0	960	$526	$0.55	19d	1	1.10mi
1901 N Glasscock Rd Unit 150 Mission, TX	2.0	2.0	800	$850	$1.06	43d	1	1.11mi
810 S Taylor Rd Mission, TX	2.0	2.0	957	$1,100	$1.15	43d	1	1.19mi
816 Travis St Mission, TX	1.0–2.0	1.0–2.0	952	$1,215	$1.28	43d	12	1.21mi
106 S Bryan Rd Unit 13 Mission, TX	2.0	1.0	720	$725	$1.01	43d	1	1.27mi
900 Travis St Mission, TX	1.0–2.0	1.0–2.0	1053	$1,250	$1.19	14d	1	1.29mi
4900 Tyler Ave McAllen, TX	2.0–3.0	2.5	1244	$1,520	$1.22	14d	1	1.41mi
4801 Tyler Ave Unit 2 McAllen, TX	2.0	2.5	1077	$1,750	$1.62	43d	1	1.50mi
4905 Tyler Ave Unit 4 McAllen, TX	2.0	2.5	1077	$1,750	$1.62	43d	1	1.50mi

HOA detail

• Monthly dues: $29 · $348/yr

Listing history 18 events

1. 2026-06-18
   days on market $132,500 Active 38 DOM
2. 2026-06-17
   days on market $132,500 Active 37 DOM
3. 2026-06-16
   days on market $132,500 Active 36 DOM
4. 2026-06-15
   days on market $132,500 Active 35 DOM
5. 2026-06-14
   days on market $132,500 Active 33 DOM
6. 2026-06-10
   days on market $132,500 Active 30 DOM
7. 2026-06-09
   days on market $132,500 Active 29 DOM
8. 2026-06-08
   days on market $132,500 Active 28 DOM
9. 2026-06-07
   pricedays on market $132,500 Active 27 DOM
10. 2026-06-03
    days on market $135,000 Active 23 DOM
11. 2026-06-02
    days on market $135,000 Active 22 DOM
12. 2026-06-01
    days on market $135,000 Active 21 DOM
13. 2026-05-31
    days on market $135,000 Active 20 DOM
14. 2026-05-31
    days on market $135,000 Active 19 DOM
15. 2026-05-11
    listed $135,000 Active 995-char remark
16. 2025-07-23
    soldstatus
17. 2018-03-02
    soldstatus
18. 1997-01-09
    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: $1,187 · $99/mo
• Projected year-2 tax: $2,425 · $202/mo
• Expected delta: +$1,238/yr (+$103/mo · 104.4%)

ⓘ 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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 22 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 96% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,472
• − Mortgage interest: −$7,422
• − Property taxes: −$1,187
• − Insurance: −$662
• − Repairs & maintenance: −$1,078
• − Management: −$1,078
• − HOA: −$348
• − Depreciation: −$3,855
• Taxable loss: −$2,157
• Est. tax savings @ 24.0%: +$518
• After-tax cash flow: $626/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: Sharyland ISD
• NCES district ID: 4839930
• Math proficiency: 34% ▼ -35.00%
• Reading proficiency: 44% ▼ -15.00%
• Median HH income: $57,792
• Composite: 34.38/100
• National rank: #5214
• State rank: #406 of 826 in TX

Livability — Mission

• Score: 75/100
• State rank: #148
• US rank: #4155

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mission, TX
• County: Hidalgo County · 623,128 people
• City population: 78,024
• Metro: McAllen-Edinburg-Mission, TX
• Population (ZIP): 78,024
• Household income: $54,298
• Rent vs Own: 29.0% rent · 71.0% own
• Severe rent burden: 1714.0

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 (85%)
• Race & ethnicity: Hispanic / Latino 85% Two or more races 47% White 12% Asian 2%
• Hispanic origin (detail): Mexican 80%
• Common ancestry: Slovak 1% Portuguese 0%
• Foreign-born: 28% · Canada, South Korea
• Languages at home: 22% English-only · Spanish 76%

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: ▼ -62.35%
• Current HPI: 209.3573
• Rent YoY: ▲ 0.93%
• 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

-1.9% since first listed

5 events — show timeline

• 2026-06-06 Price Changed $132,500 MCALLENMLS
• 2026-05-11 Listed $135,000 MCALLENMLS
• 2025-07-23 Sold (Public Records) — Public Records
• 2018-03-02 Sold (Public Records) — Public Records
• 1997-01-09 Sold (Public Records) — Public Records

Property tax history

+3.7%/yr

Latest (2025): $1,187 · +10.0% YoY. Source: county tax records.