484 Charles · Raymondville, TX 78580

$97,700

3 bd · 2.0 ba · 1,320 sqft · SingleFamily public records · 222 Days on market

Built 1950 9,375 sqft lot $74/sqft · 19% below area Est $151k · 35% under

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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
• Appreciation +9.0/10.0
• Cash flow +6.2/30.0
• 1% rule +4.2/10.0
• Livability +2.9/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +0.6/10.0

Listing remarks MLS

PRICE REDUCED AGAIN!!!Cute HUD Home located in Raymondville featuring 3 Bedrooms, 2 Baths with an open floor plan, nice sized kitchen and living area. Step outside to enjoy your morning coffee & evening star gazing from the spacious deck, surrounded by peaceful outdoor views. This property also includes a detached workshop with plenty of storage ideal for hobbies & projects, plus a nice carport with plenty of parking. This property is now under auction terms and can be found on servicelinkauction.com for event and bidding information. All auction properties are subject to a 5% buyer's premium (minimum $2,500) and subject to a reserve price as well as seller confirmation All Brokers must be NAID Certified. Seller has the right to (a) change the date, place, and terms of the sale; (b) remove the property from the market; and (c) sell the property prior to the sale. Please reach out to Listing Agent for details. Auction dates 5/11/2026-5/13/2026

Key facts

• Open floor plan
• Nice carport
• Plenty of storage

Tags

• OPEN FLOOR PLAN
• SPACIOUS DECK
• DETACHED WORKSHOP
• PLENTY OF STORAGE
• NICE CARPORT
• PLENTY OF PARKING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $98k.

Deal economics

• At list price, monthly cash flow is $-298 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $79k (19.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $90k (8.4% below list).
• Recommended offer: $79k (19.0% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 57/100 on livability (#1,266 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools D-, crime F, amenities F.
• Raymondville ISD (town): math 28% / reading 37% proficiency, ranked #610 of 826 in TX (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 58 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 36 units permitted in Willacy County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($675 loan paydown + $8k appreciation (8.0% local appreciation)).
• Willacy County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 5, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 222 days — a 12% lower offer ($86k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 14y ago; this cycle's ask has dropped $57k (37%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 4.1% of price; flood insurance adds $122/mo; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AO (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $79,164 (19.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 222 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
9. 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?
10. 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?
11. 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.
12. 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.
13. 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: 0.92% ✗
• Cap rate: 4.13%
• Cash-on-cash: -7.71%
• DSCR: 0.66
• GRM: 9.1

CMA / ARV

• ARV (median comp): $150,692
• List price: $97,700
• Delta: -35.17%
• Verdict: UNDERPRICED
• Comps: 15 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
211 E Harris Ave	0.37mi	3/2.0	1,238 (-6%)	7mo	$174,900	$141	66
376 E Harris Ave	0.26mi	3/2.0	1,392 (+6%)	15mo	$41,900	$30	66
228 E Wood Ave	0.24mi	3/2.0	1,440 (+9%)	10mo	$169,900	$118	65
295 E Main Ave	0.59mi	3/2.0	1,467 (+11%)	11mo	$95,000	$65	45
534 W Rodriguez Ave	0.70mi	3/2.0	1,456 (+10%)	8mo	$39,000	$27	43

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

Projected returns pro-forma

8.02% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 10.4%
• Equity multiple: 1.79×
• Total profit: $21,624
• Equity at exit: $74,385

10-year hold

• IRR: 11.5%
• Equity multiple: 3.83×
• Total profit: $77,290
• Equity at exit: $147,805

Cash invested: $27,356 (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 78580

• Home prices YoY: 5.7%
• Active inventory: 58
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $895 medium
• Mortgage (P&I): −$512
• Tax from tax record: −$330 /mo · $3,958/yr
• Insurance: −$41
• Flood insurance flood zone: −$122 /mo · $1,468/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$188
• Net cashflow: $-298

Break-even live

Break-even rent $1,272

Max offer price $79,164

Occupancy floor —

Sensitivity live

Price	-10% $-243	-5% $-270	+0% $-298	+5% $-326	+10% $-353
Rent	-10% $-369	-5% $-334	+0% $-298	+5% $-263	+10% $-227
Rate	-1.0pp $-249	-0.5pp $-273	base $-298	+0.5pp $-323	+1.0pp $-349

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: $24,425
• Closing costs: $2,931
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
400 Farm to Market 3168 Unit 118 Raymondville, TX	3.0	2.0	960	$895	$0.93	22d	1	0.76mi

Listing history 31 events

1. 2026-06-21
   days on market $97,700 Active 222 DOM
2. 2026-06-18
   days on market $97,700 Active 220 DOM
3. 2026-06-17
   days on market $97,700 Active 219 DOM
4. 2026-06-16
   days on market $97,700 Active 218 DOM
5. 2026-06-15
   days on market $97,700 Active 217 DOM
6. 2026-06-15
   days on market $97,700 Active 216 DOM
7. 2026-06-13
   days on market $97,700 Active 215 DOM
8. 2026-06-12
   days on market $97,700 Active 214 DOM
9. 2026-06-09
   days on market $97,700 Active 211 DOM
10. 2026-06-08
    days on market $97,700 Active 210 DOM
11. 2026-06-08
    days on market $97,700 Active 209 DOM
12. 2026-06-05
    days on market $97,700 Active 207 DOM
13. 2026-06-03
    days on market $97,700 Active 205 DOM
14. 2026-06-02
    days on market $97,700 Active 204 DOM
15. 2026-06-01
    days on market $97,700 Active 203 DOM
16. 2026-05-31
    days on market $97,700 Active 202 DOM
17. 2026-05-09
    price $97,700 968-char remark

    Show marketing remark (968 chars)

    PRICE REDUCED AGAIN!!!Cute HUD Home located in Raymondville featuring 3 Bedrooms, 2 Baths with an open floor plan, nice sized kitchen and living area. Step outside to enjoy your morning coffee & evening star gazing from the spacious deck, surrounded by peaceful outdoor views. This property also includes a detached workshop with plenty of storage ideal for hobbies & projects, plus a nice carport with plenty of parking. This property is now under auction terms and can be found on servicelinkauction.com for event and bidding information. All auction properties are subject to a 5% buyer's premium (minimum $2,500) and subject to a reserve price as well as seller confirmation All Brokers must be NAID Certified. Seller has the right to (a) change the date, place, and terms of the sale; (b) remove the property from the market; and (c) sell the property prior to the sale. Please reach out to Listing Agent for details. Auction dates 5/11/2026-5/13/2026

18. 2026-05-09
    price $9,770,000 968-char remark

    Show marketing remark (968 chars)

    PRICE REDUCED AGAIN!!!Cute HUD Home located in Raymondville featuring 3 Bedrooms, 2 Baths with an open floor plan, nice sized kitchen and living area. Step outside to enjoy your morning coffee & evening star gazing from the spacious deck, surrounded by peaceful outdoor views. This property also includes a detached workshop with plenty of storage ideal for hobbies & projects, plus a nice carport with plenty of parking. This property is now under auction terms and can be found on servicelinkauction.com for event and bidding information. All auction properties are subject to a 5% buyer's premium (minimum $2,500) and subject to a reserve price as well as seller confirmation All Brokers must be NAID Certified. Seller has the right to (a) change the date, place, and terms of the sale; (b) remove the property from the market; and (c) sell the property prior to the sale. Please reach out to Listing Agent for details. Auction dates 5/11/2026-5/13/2026

19. 2026-01-28
    price $130,200

    Show marketing remark (968 chars)

    PRICE REDUCED AGAIN!!!Cute HUD Home located in Raymondville featuring 3 Bedrooms, 2 Baths with an open floor plan, nice sized kitchen and living area. Step outside to enjoy your morning coffee & evening star gazing from the spacious deck, surrounded by peaceful outdoor views. This property also includes a detached workshop with plenty of storage ideal for hobbies & projects, plus a nice carport with plenty of parking. This property is now under auction terms and can be found on servicelinkauction.com for event and bidding information. All auction properties are subject to a 5% buyer's premium (minimum $2,500) and subject to a reserve price as well as seller confirmation All Brokers must be NAID Certified. Seller has the right to (a) change the date, place, and terms of the sale; (b) remove the property from the market; and (c) sell the property prior to the sale. Please reach out to Listing Agent for details. Auction dates 5/11/2026-5/13/2026

20. 2026-01-28
    price $130,200 968-char remark

    Show marketing remark (968 chars)

    PRICE REDUCED AGAIN!!!Cute HUD Home located in Raymondville featuring 3 Bedrooms, 2 Baths with an open floor plan, nice sized kitchen and living area. Step outside to enjoy your morning coffee & evening star gazing from the spacious deck, surrounded by peaceful outdoor views. This property also includes a detached workshop with plenty of storage ideal for hobbies & projects, plus a nice carport with plenty of parking. This property is now under auction terms and can be found on servicelinkauction.com for event and bidding information. All auction properties are subject to a 5% buyer's premium (minimum $2,500) and subject to a reserve price as well as seller confirmation All Brokers must be NAID Certified. Seller has the right to (a) change the date, place, and terms of the sale; (b) remove the property from the market; and (c) sell the property prior to the sale. Please reach out to Listing Agent for details. Auction dates 5/11/2026-5/13/2026

21. 2025-12-27
    price $142,600

    Show marketing remark (968 chars)

    PRICE REDUCED AGAIN!!!Cute HUD Home located in Raymondville featuring 3 Bedrooms, 2 Baths with an open floor plan, nice sized kitchen and living area. Step outside to enjoy your morning coffee & evening star gazing from the spacious deck, surrounded by peaceful outdoor views. This property also includes a detached workshop with plenty of storage ideal for hobbies & projects, plus a nice carport with plenty of parking. This property is now under auction terms and can be found on servicelinkauction.com for event and bidding information. All auction properties are subject to a 5% buyer's premium (minimum $2,500) and subject to a reserve price as well as seller confirmation All Brokers must be NAID Certified. Seller has the right to (a) change the date, place, and terms of the sale; (b) remove the property from the market; and (c) sell the property prior to the sale. Please reach out to Listing Agent for details. Auction dates 5/11/2026-5/13/2026

22. 2025-12-27
    price $142,600 968-char remark

    Show marketing remark (968 chars)

    PRICE REDUCED AGAIN!!!Cute HUD Home located in Raymondville featuring 3 Bedrooms, 2 Baths with an open floor plan, nice sized kitchen and living area. Step outside to enjoy your morning coffee & evening star gazing from the spacious deck, surrounded by peaceful outdoor views. This property also includes a detached workshop with plenty of storage ideal for hobbies & projects, plus a nice carport with plenty of parking. This property is now under auction terms and can be found on servicelinkauction.com for event and bidding information. All auction properties are subject to a 5% buyer's premium (minimum $2,500) and subject to a reserve price as well as seller confirmation All Brokers must be NAID Certified. Seller has the right to (a) change the date, place, and terms of the sale; (b) remove the property from the market; and (c) sell the property prior to the sale. Please reach out to Listing Agent for details. Auction dates 5/11/2026-5/13/2026

23. 2025-11-10
    listed $155,000 Active 968-char remark

    Show marketing remark (968 chars)

    PRICE REDUCED AGAIN!!!Cute HUD Home located in Raymondville featuring 3 Bedrooms, 2 Baths with an open floor plan, nice sized kitchen and living area. Step outside to enjoy your morning coffee & evening star gazing from the spacious deck, surrounded by peaceful outdoor views. This property also includes a detached workshop with plenty of storage ideal for hobbies & projects, plus a nice carport with plenty of parking. This property is now under auction terms and can be found on servicelinkauction.com for event and bidding information. All auction properties are subject to a 5% buyer's premium (minimum $2,500) and subject to a reserve price as well as seller confirmation All Brokers must be NAID Certified. Seller has the right to (a) change the date, place, and terms of the sale; (b) remove the property from the market; and (c) sell the property prior to the sale. Please reach out to Listing Agent for details. Auction dates 5/11/2026-5/13/2026

24. 2025-11-10
    listed $155,000 Active

    Show marketing remark (968 chars)

    PRICE REDUCED AGAIN!!!Cute HUD Home located in Raymondville featuring 3 Bedrooms, 2 Baths with an open floor plan, nice sized kitchen and living area. Step outside to enjoy your morning coffee & evening star gazing from the spacious deck, surrounded by peaceful outdoor views. This property also includes a detached workshop with plenty of storage ideal for hobbies & projects, plus a nice carport with plenty of parking. This property is now under auction terms and can be found on servicelinkauction.com for event and bidding information. All auction properties are subject to a 5% buyer's premium (minimum $2,500) and subject to a reserve price as well as seller confirmation All Brokers must be NAID Certified. Seller has the right to (a) change the date, place, and terms of the sale; (b) remove the property from the market; and (c) sell the property prior to the sale. Please reach out to Listing Agent for details. Auction dates 5/11/2026-5/13/2026

25. 2025-10-22
    soldstatus
26. 2021-11-29
    soldstatus
27. 2021-11-24
    soldstatus
28. 2021-07-21
    listed $165,000
29. 2012-04-26
    soldstatus
30. 2012-04-26
    soldstatus
31. 2012-03-22
    listed $65,000

ⓘ 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: $3,958 · $330/mo
• Projected year-2 tax: $3,958 · $330/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 6/10 Major FEMA zone AO · 66% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥112°F today · 23 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: $10,740
• − Mortgage interest: −$5,473
• − Property taxes: −$3,958
• − Insurance: −$1,956
• − Repairs & maintenance: −$859
• − Management: −$859
• − Depreciation: −$2,842
• Taxable loss: −$5,208
• Est. tax savings @ 24.0%: +$1,250
• After-tax cash flow: $-2,328/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: Raymondville ISD
• NCES district ID: 4836540
• Math proficiency: 28% ▼ -17.00%
• Reading proficiency: 37% ▼ -2.00%
• Median HH income: $28,177
• Composite: 26.16/100
• National rank: #7272
• State rank: #610 of 826 in TX

Livability — Raymondville

• Score: 57/100
• State rank: #1266
• US rank: #22040

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Raymondville, TX
• Population (ZIP): 13,568

Population outlook (Willacy County) Hauer SSP2

• Today (2025): 21,429 people
• By 2030: 21,075 · -1.7%
• By 2040: 20,318 · -5.2%
• By 2050: 19,489 · -9.1%
• By 2075: 16,758 · -21.8%
• By 2100: 12,735 · -40.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (86%)
• Race & ethnicity: Hispanic / Latino 86% Two or more races 34% White 11% Black 2%
• Hispanic origin (detail): Mexican 83%
• Common ancestry: European 1%
• Foreign-born: 13% · Canada
• Languages at home: 42% English-only · Spanish 58%

Political lean MEDSL · Willacy

• 2024 margin: Toss-up / Even · D 48.0% · R 51.3%
• 2008→2024 swing: -43.1pp toward R · 2008: 39.8pp · 2024: -3.3pp
• All cycles: 2024: R+3.3 2020: D+12.0 2016: D+36.9 2012: D+43.1 2008: D+39.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.02%
• Current HPI: 149.6264
• 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

+50.3% since first listed

15 events — show timeline

• 2026-05-09 Price Changed $97,700 RGVMLS
• 2026-05-09 Price Changed $9,770,000 RGVMLS
• 2026-01-28 Price Changed $130,200 MCALLENMLS
• 2026-01-28 Price Changed $130,200 RGVMLS
• 2025-12-27 Price Changed $142,600 MCALLENMLS
• 2025-12-27 Price Changed $142,600 RGVMLS
• 2025-11-10 Listed $155,000 MCALLENMLS
• 2025-11-10 Listed $155,000 RGVMLS
• 2025-10-22 Sold (Public Records) — Public Records
• 2021-11-29 Sold (Public Records) — Public Records
• 2021-11-24 Sold (MLS) — RGVMLS
• 2021-07-21 Listed $165,000 RGVMLS
• 2012-04-26 Sold (Public Records) — Public Records
• 2012-04-26 Sold (MLS) — MCALLENMLS
• 2012-03-22 Listed $65,000 MCALLENMLS

Property tax history

+11.4%/yr

Latest (2025): $3,958 · +7.2% YoY. Source: county tax records.