322 Ocean Dr · Laredo, TX 78043

$174,900

3 bd · 2.0 ba · 1,056 sqft · SingleFamily public records · 84 Days on market

Built 2002 3,522 sqft lot $166/sqft · at area comps Est $183k · at est.

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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 +12.0/30.0
• ARV discount +9.5/15.0
• Livability +3.7/5.0
• 1% rule +3.6/10.0
• DSCR +3.5/10.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Owner Financing Available! Step into this inviting 3-bedroom, 2-bath home, perfectly located with quick and easy access to Highway 359. Enjoy the convenience of being just minutes from schools, dining spots, and community parks. Everything you need right at your fingertips. Designed with comfort and everyday living in mind, this home offers a warm, welcoming atmosphere that’s perfect for families or anyone looking for a place to truly feel at home. Don’t miss your chance and see what this home has to offer!

Key facts

• 3,522 sq ft lot
• Built 2002
• Listed 83 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $-43 ($-511/yr) — negative.
• To cash-flow at today's rent, offer at most $167k (4.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $150k (14.4% below list).
• Recommended offer: $150k (14.4% below list) — sets the bar for 1% rule.
• Cap rate 6.0% 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: 126 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,448 units permitted in Webb County in 2024 (245 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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.

Negotiation context

• It's been on market 84 days — a 6% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 22y ago; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $149,683 (14.4% 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 84 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
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. 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?
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: 0.86% ✗
• Cap rate: 6.00%
• Cash-on-cash: -1.04%
• DSCR: 0.95
• GRM: 9.7

CMA / ARV

• ARV (median comp): $183,214
• List price: $174,900
• Delta: -4.54%
• Verdict: FAIR
• Comps: 3 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
116 Coronado	0.26mi	2/2.0 (-1)	990 (-6%)	5mo	$119,000	$120	69

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -18.0%
• Equity multiple: 0.37×
• Total profit: $-31,020
• Equity at exit: $26,078

10-year hold

• IRR: -10.2%
• Equity multiple: 0.38×
• Total profit: $-30,369
• Equity at exit: $15,122

Cash invested: $48,972 (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 78043

• Home prices YoY: -18.9%
• Active inventory: 126
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,497 high
• Mortgage (P&I): −$917
• Tax from tax record: −$235 /mo · $2,820/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$314
• Net cashflow: $-43

Break-even live

Break-even rent $1,551

Max offer price $167,381

Occupancy floor 98%

Sensitivity live

Price	-10% $56	-5% $7	+0% $-43	+5% $-92	+10% $-142
Rent	-10% $-161	-5% $-102	+0% $-43	+5% $17	+10% $76
Rate	-1.0pp $46	-0.5pp $2	base $-43	+0.5pp $-88	+1.0pp $-134

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: $43,725
• Closing costs: $5,247
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
402 Prescott Loop Laredo, TX	3.0	2.0	1122	$1,550	$1.38	44d	1	0.53mi
1201 Gage Loop Unit G80 Laredo, TX	3.0	2.0	981	$1,475	$1.50	44d	1	0.66mi
1201 Gage Loop Unit B30 Laredo, TX	2.0	1.0	790	$1,175	$1.49	44d	1	0.66mi
1025 La Muralla St Laredo, TX	4.0	2.0	1500	$1,950	$1.30	44d	1	0.78mi
1021 Savannah Loop Laredo, TX	3.0	2.5	1096	$1,650	$1.51	45d	1	1.03mi
4248 Dorel Dr Unit 102C Laredo, TX	3.0	2.5	1450	$1,300	$0.90	44d	1	1.28mi
1020 Dicky Ln Unit 2 Laredo, TX	3.0	2.5	1265	$1,500	$1.19	44d	1	1.30mi
4246 Dorel Dr Unit 22 Laredo, TX	2.0	2.5	1184	$1,250	$1.06	44d	1	1.32mi
1426 Los Estribos Dr Laredo, TX	3.0	2.0	1492	$1,900	$1.27	44d	1	1.37mi
315 Dorel Dr Unit 101 Laredo, TX	2.0	1.0	805	$1,150	$1.43	44d	1	1.47mi

Listing history 30 events

1. 2026-06-19
   days on market $174,900 Active 84 DOM
2. 2026-06-18
   days on market $174,900 Active 83 DOM
3. 2026-06-17
   days on market $174,900 Active 82 DOM
4. 2026-06-16
   days on market $174,900 Active 81 DOM
5. 2026-06-15
   days on market $174,900 Active 80 DOM
6. 2026-06-14
   days on market $174,900 Active 78 DOM
7. 2026-06-13
   days on market $174,900 Active 77 DOM
8. 2026-06-10
   pricedays on market $174,900 Active 75 DOM
9. 2026-06-09
   days on market $184,900 Active 74 DOM
10. 2026-06-08
    days on market $184,900 Active 73 DOM
11. 2026-06-07
    days on market $184,900 Active 72 DOM
12. 2026-06-03
    days on market $184,900 Active 68 DOM
13. 2026-06-02
    days on market $184,900 Active 67 DOM
14. 2026-06-01
    days on market $184,900 Active 66 DOM
15. 2026-05-31
    days on market $184,900 Active 65 DOM
16. 2026-05-30
    days on market $184,900 Active 64 DOM
17. 2026-03-27
    listed $184,900 Active 524-char remark

    Show marketing remark (524 chars)

    Owner Financing Available! Step into this inviting 3-bedroom, 2-bath home, perfectly located with quick and easy access to Highway 359. Enjoy the convenience of being just minutes from schools, dining spots, and community parks. Everything you need right at your fingertips. Designed with comfort and everyday living in mind, this home offers a warm, welcoming atmosphere that’s perfect for families or anyone looking for a place to truly feel at home. Don’t miss your chance and see what this home has to offer!

18. 2025-12-10
    price $179,800
19. 2025-10-16
    price $184,800
20. 2025-08-19
    listed $189,900 Active
21. 2025-07-17
    soldstatus
22. 2020-12-14
    soldstatus
23. 2020-12-11
    soldstatus
24. 2013-05-08
    soldstatus
25. 2005-04-07
    soldstatus
26. 2005-04-07
    soldstatus
27. 2005-04-04
    soldstatus
28. 2005-02-11
    listed $62,100
29. 2004-10-28
    listed $62,100
30. 2002-06-06
    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: $2,820 · $235/mo
• Projected year-2 tax: $3,201 · $267/mo
• Expected delta: +$381/yr (+$32/mo · 13.5%)

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥110°F today · 24 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $17,962
• − Mortgage interest: −$9,797
• − Property taxes: −$2,820
• − Insurance: −$874
• − Repairs & maintenance: −$1,437
• − Management: −$1,437
• − Depreciation: −$5,088
• Taxable loss: −$3,491
• Est. tax savings @ 24.0%: +$838
• After-tax cash flow: $327/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: 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
• City population: 67,333
• Population (ZIP): 44,044

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 (97%)
• Race & ethnicity: Hispanic / Latino 97% Two or more races 58% White 2%
• Hispanic origin (detail): Mexican 92%
• Foreign-born: 27% · Canada, Jamaica
• Languages at home: 12% English-only · Spanish 88%

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: ▼ -38.11%
• Current HPI: 163.8209
• 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

+197.7% since first listed

14 events — show timeline

• 2026-03-27 Listed $184,900 LAOR
• 2025-12-10 Price Changed $179,800 LAOR
• 2025-10-16 Price Changed $184,800 LAOR
• 2025-08-19 Listed $189,900 LAOR
• 2025-07-17 Sold (Public Records) — Public Records
• 2020-12-14 Sold (Public Records) — Public Records
• 2020-12-11 Sold (MLS) — LAOR
• 2013-05-08 Sold (Public Records) — Public Records
• 2005-04-07 Sold (MLS) — CBMLS
• 2005-04-07 Sold (MLS) — CBMLS
• 2005-04-04 Sold (Public Records) — Public Records
• 2005-02-11 Listed $62,100 CBMLS
• 2004-10-28 Listed $62,100 CBMLS
• 2002-06-06 Sold (Public Records) — Public Records

Property tax history

+4.6%/yr

Latest (2025): $2,820 · -1.2% YoY. Source: county tax records.