11207 W US Hwy 90 Unit A3 · Lake View, TX 78840

$1,000

None bd · None ba · 800 sqft · Condo · 235 Days on market

Built 1990 ↓ 9% since listing

---

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
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Livability +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This remodeled one bed one bath is move in ready and located at The Palms of Bayview. This unit features granite counter tops throughout and an open living area. Tenants will have access to close parking, onsite laundry facility and community pool. Unit is available immediately. $50 application fee, each person over the age of 18 must complete application. * Pets allowed upon approval screening.

Key facts

• Close parking
• Community pool
• Open living area

Tags

• GRANITE COUNTER TOPS
• OPEN LIVING AREA
• COMMUNITY POOL
• ONSITE LAUNDRY FACILITY
• CLOSE PARKING

🏷️ Possibly a rental listed for sale. The $1,000 price doesn't fit this home's estimated sale value and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a condo listed at $1k.

Deal economics

• At list price, monthly cash flow is $938 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $1k).
• Recommended offer: $880 (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 41/100 on livability (#1,586 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A; Watch: health & safety C-, schools F, amenities F.
• San Felipe-Del Rio CISD (town): math 25% / reading 32% proficiency, ranked #667 of 826 in TX (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+1.6%/yr); 549 active listings in the ZIP; 3 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; 85 units permitted in Val Verde County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $7 of loan paydown is wiped out by about $30 of value loss. Plan a longer hold.
• Val Verde County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 1.6% rent growth), your $280 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 235 days — a 12% lower offer ($880) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $100 (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $880 (12.0% below list)

Questions for the listing agent

1. It's been on market 235 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 119.58% ✓
• Cap rate: 1131.63%
• Cash-on-cash: 4019.05%
• DSCR: 179.83
• GRM: 0.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.55% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 207.66×
• Total profit: $57,864
• Equity at exit: $149

10-year hold

• IRR: —
• Equity multiple: 431.41×
• Total profit: $120,515
• Equity at exit: $86

Cash invested: $280 (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 78840

• Home prices YoY: -33.6%
• Rents YoY: 1.6%
• Active inventory: 549
• Price-to-rent: 0.1×

Monthly cashflow live

• Estimated rent: $1,196 medium
• Mortgage (P&I): −$5
• Tax est. 1.5%: −$1 /mo · $15/yr
• Insurance: −$0
• HOA: −$0
• Vacancy / Maint / Mgmt: −$251
• Net cashflow: $938

Break-even live

Break-even rent $9

Max offer price $1,000

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: $250
• Closing costs: $30
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
86 Mulberry St Del Rio, TX	2.0	2.0	986	$1,100	$1.12	44d	1	0.30mi
11372 W US Highway 90 #86 Del Rio, TX	2.0	2.0	897	$1,100	$1.23	44d	1	0.37mi
163 Striper Rd Del Rio, TX	3.0	2.0	988	$1,000	$1.01	44d	1	0.51mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-19
   days on market $1,000 Active 235 DOM
2. 2026-06-18
   days on market $1,000 Active 234 DOM
3. 2026-06-17
   days on market $1,000 Active 233 DOM
4. 2026-06-16
   days on market $1,000 Active 232 DOM
5. 2026-06-15
   days on market $1,000 Active 231 DOM
6. 2026-06-14
   days on market $1,000 Active 229 DOM
7. 2026-06-12
   days on market $1,000 Active 228 DOM
8. 2026-06-09
   days on market $1,000 Active 225 DOM
9. 2026-06-08
   days on market $1,000 Active 224 DOM
10. 2026-06-07
    days on market $1,000 Active 223 DOM
11. 2026-06-05
    days on market $1,000 Active 220 DOM
12. 2026-06-03
    days on market $1,000 Active 219 DOM
13. 2026-06-02
    days on market $1,000 Active 218 DOM
14. 2026-06-01
    days on market $1,000 Active 217 DOM
15. 2026-05-31
    days on market $1,000 Active 216 DOM
16. 2026-05-30
    days on market $1,000 Active 215 DOM
17. 2026-05-04
    price $1,000 398-char remark

    Show marketing remark (398 chars)

    This remodeled one bed one bath is move in ready and located at The Palms of Bayview. This unit features granite counter tops throughout and an open living area. Tenants will have access to close parking, onsite laundry facility and community pool. Unit is available immediately. $50 application fee, each person over the age of 18 must complete application. * Pets allowed upon approval screening.

18. 2026-02-13
    listed $1,100
19. 2025-10-27
    listed $1,100 Active 398-char remark

    Show marketing remark (398 chars)

    This remodeled one bed one bath is move in ready and located at The Palms of Bayview. This unit features granite counter tops throughout and an open living area. Tenants will have access to close parking, onsite laundry facility and community pool. Unit is available immediately. $50 application fee, each person over the age of 18 must complete application. * Pets allowed upon approval screening.

ⓘ 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: $14,350
• − Mortgage interest: −$56
• − Property taxes: −$15
• − Insurance: −$5
• − Repairs & maintenance: −$1,148
• − Management: −$1,148
• − Depreciation: −$29
• Taxable income: $11,949
• Est. tax owed @ 24.0%: −$2,868
• After-tax cash flow: $8,386/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: San Felipe-Del Rio CISD
• NCES district ID: 4838900
• Math proficiency: 25% ▼ -18.00%
• Reading proficiency: 32% ▼ -5.00%
• Median HH income: $40,582
• Composite: 24.04/100
• National rank: #7766
• State rank: #667 of 826 in TX

Livability — Lake View

• Score: 41/100
• State rank: #1586
• US rank: #27132

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Val Verde County · 47,256 people
• Metro: Del Rio, TX
• Population (ZIP): 47,256
• Household income: $66,084
• Rent vs Own: 31.1% rent · 68.9% own
• Severe rent burden: 1111.0

Population outlook (Val Verde County) Hauer SSP2

• Today (2025): 48,073 people
• By 2030: 47,468 · -1.3%
• By 2040: 45,930 · -4.5%
• By 2050: 43,904 · -8.7%
• By 2075: 38,126 · -20.7%
• By 2100: 26,217 · -45.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (82%)
• Race & ethnicity: Hispanic / Latino 82% Two or more races 24% White 15% Black 1%
• Hispanic origin (detail): Mexican 75%
• Common ancestry: Italian 1% Lithuanian 1% Slovak 1%
• Foreign-born: 19% · Canada
• Languages at home: 36% English-only · Spanish 63%

Political lean MEDSL · Val Verde

• 2024 margin: Strong R (+26.6) · D 36.2% · R 62.9%
• 2008→2024 swing: -36.2pp toward R · 2008: 9.6pp · 2024: -26.6pp
• All cycles: 2024: R+26.6 2020: R+9.9 2016: D+7.9 2012: D+5.4 2008: D+9.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -81.95%
• Current HPI: 161.762
• Rent YoY: ▲ 1.55%
• Metro: Del Rio, 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

-9.1% since first listed

3 events — show timeline

• 2026-05-04 Price Changed $1,000 DRBORMLS
• 2026-02-13 Listed for Rent $1,100 BUILDIUM
• 2025-10-27 Listed $1,100 DRBORMLS