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447 Frio Ln Fourplex
D+ Composite 45.08
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 +14.6/30.0
  • ARV discount +8.5/15.0
  • Condition / age +5.0/5.0
  • DSCR +4.5/10.0
  • 1% rule +4.1/10.0
  • Livability +3.1/5.0
  • Schools +2.9/10.0
  • Rent growth +2.5/5.0
  • Appreciation +0.0/10.0

$484,900

447 Frio Ln · Alamo, TX 78516
None bd · None ba · 4,098 sqft · MultiFamily · 123 Days on market
Built 2026 Excellent condition 0.26 ac lot $118/sqft · at area comps Est $496k · at est. ↓ 6% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks

Discover this brand new 4-plex currently under construction in the heart of Alamo! Each unit features a spacious open floor plan including two bedrooms with a third room adaptable as a home office, library, or gym. Enjoy two full bathrooms in each unit. This property is versatile for various tenant needs. Conveniently located near Expressway 83, schools, and restaurants, this property offers an excellent investment opportunity. Don't miss the chance to own this gem!

Key facts

  • Open floor plan
  • Home office
  • 0.26 acre lot

Tags

OPEN FLOOR PLANHOME OFFICE

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4 × 2-bed/2-bath units multifamily listed at $485k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $116 ($1k/yr) — positive. Per door: $29/mo.
  • The deal already cash-flows at list — no discount required.
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $439k (9.5% below list).
  • Recommended offer: $427k (12.0% below list) — sets the bar for market timing.
  • Cap rate 6.6% vs local median 3.7% in Alamo — 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 62/100 on livability (#916 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute D+, crime F, amenities F.
  • Pharr-San Juan-Alamo ISD (suburban): math 18% / reading 30% proficiency, ranked #740 of 826 in TX (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Zoned schools: John Mckeever El (math 18% / reading 24%, grade F, #3,492 of 4,322 statewide, top 81%, 723 students, 88% FRL); Alamo Middle (math 10% / reading 22%, grade F, #1,543 of 1,662 statewide, top 94%, 698 students, 94% FRL); Psja Memorial Early College H S (math 20% / reading 31%, grade F, #1,246 of 1,632 statewide, top 77%, 1,860 students, 94% FRL) — zoned schools average 92% FRL vs 72% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: 421 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 73d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% 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 $3k of loan paydown is wiped out by about $15k 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 123 days — a 12% lower offer ($427k) is reasonable based on typical stale-listing flexibility.
  • 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 $426,712 (12.0% below list)

Questions for the listing agent

  1. It's been on market 123 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
  3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. 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?
  7. 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?
  8. 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?
  9. 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.
  10. 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.
  11. 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
0.91%
Cap rate
6.58%
Cash-on-cash
1.03%
DSCR
1.05
GRM
9.2

CMA / ARV

ARV (median comp)
$495,676
List price
$484,900
Delta
-2.17%
Verdict
FAIR
Comps
2 within 1.0 mi
Show comp detail 9 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
909 Glory St 0.25mi —/— 4,200 (+2%) 20mo $520,000 $124 68
428 Acacia St 0.98mi —/— 4,172 (+2%) 0mo $505,000 $121 62
425 E Acacia St 1.11mi —/— 4,128 (+1%) 4mo $465,000 $113 60
444 E Acacia St 1.07mi —/— 4,266 (+4%) 11mo $515,000 $121 49
440 E Acacia Ave E 0.98mi —/— 4,128 (+1%) 19mo $515,000 $125 48
1701 Angelina Dr 1.03mi —/— 4,322 (+6%) 10mo $510,000 $118 47
421 E Acacia St 0.98mi —/— 4,266 (+4%) 14mo $480,000 $113 46
437 E Acacia Ave E 0.98mi —/— 4,172 (+2%) 21mo $525,000 $126 44
420 Acacia St 0.98mi —/— 4,266 (+4%) 19mo $480,000 $113 42

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
-14.6%
Equity multiple
0.48×
Total profit
$-71,103
Equity at exit
$72,300
10-year hold
IRR
-5.9%
Equity multiple
0.62×
Total profit
$-52,110
Equity at exit
$41,925

Cash invested: $135,772 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
9 active · 1 under contract
Months of supply
54.0 mo (2%/mo absorbed)
Median asking
$525,000 ($125/sqft)
Median days on market
159 d
This list price
33% of active listings are priced below it
ARV vs active asking
-3.5% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 78516

Home prices YoY
-6.5%
Active inventory
421
Price-to-rent
36.8×

Monthly cashflow live

Estimated rent
$4,389 high interval (Pro) →
Mortgage (P&I)
$2,543
Tax est. 1.5%
$606 /mo · $7,274/yr
Insurance
$202
HOA
$0
Vacancy / Maint / Mgmt
$922
Net cashflow
$116

4-unit breakdown (identical units grouped — click to expand)

UnitsBedsBathsEst. rent
Total (4 units) $4,389

Break-even live

Break-even rent $4,242
Max offer price $484,900
Occupancy floor 92%

Sensitivity live

Price -10% $451 -5% $284 +0% $116 +5% $-51 +10% $-219
Rent -10% $-230 -5% $-57 +0% $116 +5% $290 +10% $463
Rate -1.0pp $360 -0.5pp $240 base $116 +0.5pp $-9 +1.0pp $-137

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
$121,225
Closing costs
$14,547
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
837 S 13th St Alamo, TX 2.0 1.5 1104 $1,000 $0.91 15d 1 0.34mi
913 S 13th St Unit 1 Alamo, TX 2.0 2.0 1008 $1,050 $1.04 93d 1 0.39mi
1513 W Crockett St Unit 16 Alamo, TX 2.0 1.0 598 $745 $1.25 93d 1 0.49mi
1513 W Crockett St Unit 2C Alamo, TX 1.0 1.0 $550 93d 1 0.49mi
1141 W Acacia Ave Unit 8 Alamo, TX 2.0 1.0 600 $700 $1.17 93d 1 0.63mi
312 E Crockett Ave Alamo, TX 2.0 1.0 700 $699 $1.00 93d 1 0.96mi
404 N Cesar Chavez Rd Alamo, TX 2.0–3.0 2.0 990 $895 $0.90 15d 4 0.98mi
1600 Angelina Dr Unit 4 San Juan, TX 2.0 2.0 4322 $1,150 $0.27 93d 1 1.00mi
1600 Angelina Dr Unit 1 San Juan, TX 3.0 2.0 4322 $1,200 $0.28 72d 1 1.00mi
1602 Angelina Dr Unit 1 San Juan, TX 3.0 2.0 4322 $1,200 $0.28 63d 1 1.00mi
1702 Angelina Dr Unit 4 San Juan, TX 3.0 2.0 1037 $1,300 $1.25 68d 1 1.03mi
445 E Acacia Ave Unit 1 Alamo, TX 3.0 2.0 4266 $1,100 $0.26 72d 1 1.03mi
1603 Angelina Dr Unit 3 San Juan, TX 2.0 2.0 1080 $1,100 $1.02 15d 1 1.04mi
1603 Angelina Dr Unit 4 San Juan, TX 2.0 3.0 1080 $1,250 $1.16 15d 1 1.04mi
444 E Acacia Ave Unit 3 Alamo, TX 3.0 2.0 1107 $1,300 $1.17 72d 1 1.05mi
437 E Acacia Ave Unit 1 Alamo, TX 3.0 2.0 1043 $1,195 $1.15 16d 1 1.05mi
1607 Angelina Dr Unit 4 San Juan, TX 3.0 2.0 4322 $1,350 $0.31 63d 1 1.05mi
1104 Sundown Cir San Juan, TX 3.0 2.0 1605 $1,700 $1.06 15d 1 1.06mi
433 E Acacia Ave Unit 4 Alamo, TX 2.0 2.0 $1,100 72d 1 1.06mi
1806 Angelina Dr Unit 2 San Juan, TX 3.0 2.0 1142 $1,100 $0.96 15d 1 1.07mi
436 E Acacia Ave Alamo, TX 2.0 2.0 1130 $1,100 $0.97 16d 1 1.07mi
913 E 13th St #1 San Juan, TX 2.0 2.0 1008 $1,050 $1.04 93d 1 1.09mi
428 E Acacia Ave Unit 4 Alamo, TX 3.0 2.0 1040 $1,300 $1.25 72d 1 1.09mi
421 E Acacia Ave Unit 2 Alamo, TX 2.0 2.0 1100 $1,200 $1.09 16d 1 1.09mi
1805 Angelina Dr Unit 2 San Juan, TX 3.0 2.0 4148 $1,150 $0.28 72d 1 1.09mi
1119 S Tower Rd Unit 102 Alamo, TX 2.0 1.0 $800 15d 1 1.10mi
1119 S Tower Rd Unit 102 Alamo, TX 2.0 1.0 $800 93d 1 1.10mi
1119 S Tower Rd Unit 101 Alamo, TX 1.0 1.0 $705 15d 1 1.10mi
1119 S Tower Rd Alamo, TX 1.0 1.0 $705 93d 1 1.10mi
413 E Acacia Ave Unit 2 Alamo, TX 2.0 2.0 4266 $1,025 $0.24 72d 1 1.12mi
1104 E Business 83 San Juan, TX 3.0 2.0 1645 $1,500 $0.91 15d 1 1.16mi
1108 Cooper Ln Apt 9 San Juan, TX 2.0 2.0 972 $1,050 $1.08 15d 1 1.25mi
1108 Cooper Ln Unit 3 San Juan, TX 1.0 1.0 708 $875 $1.24 93d 1 1.25mi
1203 W Jasmine Ave Alamo, TX 3.0 2.0 1588 $1,500 $0.94 70d 1 1.26mi
405 Rafael Dr Apt 2 San Juan, TX 3.0 2.0 1200 $1,250 $1.04 93d 1 1.27mi
1106 Cooper Ln Unit 3 San Juan, TX 2.0 2.0 1000 $1,125 $1.12 93d 1 1.27mi
313 Rafael Dr Unit 4 San Juan, TX 3.0 2.0 $1,300 93d 1 1.29mi
650 N 7th St Unit 102 Alamo, TX 2.0 1.0 $890 15d 1 1.29mi
650 N 7th St Unit 101 Alamo, TX 1.0 1.0 $860 93d 1 1.29mi
650 N 7th St Unit 102 Alamo, TX 2.0 1.0 $890 93d 1 1.29mi

Property features AI

Finance

Other
Outbuilding: none
HOA & community
No homeowners associationCommunity includes sidewalksCommunity size: 4 units

Exterior

Parking
No garageNo covered parkingNo carportNo assigned parking spaces
Security
Smoke detector(s)
Utilities
Public waterCity sewerSingle water meter
Home design
Property type details not specifiedLiving area source: blueprintsEntry level not specifiedFacing direction not specified
Construction
Stucco exteriorComposition shingle roofSlab foundationBuilt area reported as 4,098 square feet
Exterior features
Professional landscapingSidewalksAutomatic sprinkler systemPaved road access

Interior

Kitchen
MicrowaveStove/RangeRefrigeratorDishwasher (not listed but not present in appliances; only include listed items)
Flooring
Tile
Heating & cooling
Electric heatingElectric cooling (central or system not specified)
Interior features
Split bedroom layoutWalk-in closetsDouble pane (energy efficient) windows
Laundry & utility
WasherDryerElectric water heaterLaundry closet

Listing history 50 events

  1. 2026-08-08
    days on market $484,900 Active 123 DOM
  2. 2026-08-07
    days on market $484,900 Active 122 DOM
  3. 2026-08-06
    days on market $484,900 Active 121 DOM
  4. 2026-08-05
    days on market $484,900 Active 120 DOM
  5. 2026-08-04
    days on market $484,900 Active 119 DOM
  6. 2026-08-03
    days on market $484,900 Active 118 DOM
  7. 2026-07-31
    days on market $484,900 Active 115 DOM
  8. 2026-07-29
    pricedays on market $484,900 Active 113 DOM
  9. 2026-07-27
    days on market $495,000 Active 111 DOM
  10. 2026-07-25
    days on market $495,000 Active 109 DOM
  11. 2026-07-23
    days on market $495,000 Active 107 DOM
  12. 2026-07-22
    days on market $495,000 Active 106 DOM
  13. 2026-07-21
    days on market $495,000 Active 105 DOM
  14. 2026-07-18
    days on market $495,000 Active 102 DOM
  15. 2026-07-16
    days on market $495,000 Active 100 DOM
  16. 2026-07-16
    days on market $495,000 Active 99 DOM
  17. 2026-07-14
    days on market $495,000 Active 98 DOM
  18. 2026-07-14
    days on market $495,000 Active 97 DOM
  19. 2026-07-12
    days on market $495,000 Active 96 DOM
  20. 2026-07-11
    days on market $495,000 Active 95 DOM
  21. 2026-07-10
    days on market $495,000 Active 94 DOM
  22. 2026-07-09
    days on market $495,000 Active 93 DOM
  23. 2026-07-07
    days on market $495,000 Active 91 DOM
  24. 2026-07-06
    days on market $495,000 Active 90 DOM
  25. 2026-07-05
    days on market $495,000 Active 89 DOM
  26. 2026-07-04
    days on market $495,000 Active 88 DOM
  27. 2026-07-03
    days on market $495,000 Active 87 DOM
  28. 2026-07-02
    days on market $495,000 Active 86 DOM
  29. 2026-07-01
    days on market $495,000 Active 85 DOM
  30. 2026-06-30
    days on market $495,000 Active 84 DOM
  31. 2026-06-29
    days on market $495,000 Active 83 DOM
  32. 2026-06-28
    days on market $495,000 Active 82 DOM
  33. 2026-06-28
    days on market $495,000 Active 81 DOM
  34. 2026-06-27
    days on market $495,000 Active 80 DOM
  35. 2026-06-25
    days on market $495,000 Active 78 DOM
  36. 2026-06-23
    days on market $495,000 Active 76 DOM
  37. 2026-06-22
    days on market $495,000 Active 75 DOM
  38. 2026-06-18
    days on market $495,000 Active 72 DOM
  39. 2026-06-17
    days on market $495,000 Active 71 DOM
  40. 2026-06-16
    days on market $495,000 Active 70 DOM
  41. 2026-06-15
    days on market $495,000 Active 69 DOM
  42. 2026-06-14
    pricedays on market $495,000 Active 67 DOM
  43. 2026-06-13
    days on market $505,000 Active 66 DOM
  44. 2026-06-10
    days on market $505,000 Active 64 DOM
  45. 2026-06-09
    days on market $505,000 Active 63 DOM
  46. 2026-06-08
    days on market $505,000 Active 62 DOM
  47. 2026-06-07
    days on market $505,000 Active 61 DOM
  48. 2026-06-03
    days on market $505,000 Active 57 DOM
  49. 2026-06-02
    days on market $505,000 Active 56 DOM
  50. 2026-06-01
    days on market $505,000 Active 55 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$52,668
− Mortgage interest
−$27,162
− Property taxes
−$7,274
− Insurance
−$2,424
− Repairs & maintenance
−$4,213
− Management
−$4,213
− Depreciation
−$14,106
Taxable loss
−$6,725
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,614
After-tax cash flow
$3,009/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 · 12 photos

Excellent 100/100 None rehab

This brand new 4-plex is move-in ready with modern finishes and a prime location. Ideal for investors looking to capitalize on the growing demand in the area.

Value-add opportunities

  • Both Landscaping improvements — Enhances curb appeal and adds value
  • Both Painting exterior and interior — Fresh paint can improve curb appeal and interior aesthetics
  • Both Add smart home features — Enhances convenience and adds value for potential buyers
F Composite school gradezoned avg 29/100

Zoned Schools

Elementary John Mckeever El F TX #3,492/4,322 Nat'l #33,016/41,679 Middle Alamo Middle F TX #1,543/1,662 Nat'l #12,486/14,009 High Psja Thomas Jefferson T-Stem Early College H S D TX #509/1,632 Nat'l #5,677/17,239

Schools (NCES district)

District
Pharr-San Juan-Alamo ISD
NCES district ID
4834860
Math proficiency
18% ▼ -34.00%
Reading proficiency
30% ▼ -11.00%
Median HH income
$33,757
Composite
19.63/100
National rank
#8744
State rank
#740 of 826 in TX
C Composite livability gradescore 62/100

Livability — Alamo

Score
62/100
State rank
#916
US rank
#16356

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Alamo, TX
County
Hidalgo County · 955,232 people
City population
34,370
Metro
McAllen-Edinburg-Mission, TX
Population (ZIP)
34,370
Household income
$53,229
Rent vs Own
24.5% rent · 75.5% own
Severe rent burden
7% of renters

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 (89%)
Race & ethnicity
Hispanic / Latino 89% Two or more races 40% White 10% Black 1%
Hispanic origin (detail)
Mexican 86%
Foreign-born
29% · Canada
Languages at home
24% 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

Price history

-5.7% since first listed
4 events — show timeline
  • 2026-06-13 Price Changed $495,000 MCALLENMLS
  • 2026-04-07 Listed $505,000 MCALLENMLS
  • 2026-02-19 Price Changed $505,000 MCALLENMLS
  • 2026-01-02 Listed $525,000 MCALLENMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…