1600 S Bridge Ave #206 · Weslaco, TX 78596

$75,000

2 bd · 1.0 ba · 991 sqft · Condo · 387 Days on market

Built 1966 Good condition $76/sqft · 34% below area Est $113k · 34% under $125/mo HOA · 15% of rent ↓ 21% since listing

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Why this score? — see what drove the C 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 +14.1/30.0
• 1% rule +6.0/10.0
• Appreciation +4.7/10.0
• DSCR +4.3/10.0
• Condition / age +4.0/5.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Schools +2.2/10.0

Listing remarks MLS

Welcome to your new home! This fully remodeled 2-bedroom, 1-bathroom condo spans 991 square feet and is the perfect place to call home. Move-in ready and featuring a spacious layout with a walk-in closet, this property is ideal for anyone seeking comfort and convenience. Plus, with owner financing available, now is the perfect time to make this charming condo yours. Don't miss the opportunity to live in style and comfort—schedule a viewing today!

Key facts

• $125 HOA
• 2 parking spots
• Built 1966

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $75k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $11 ($127/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($828 rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.5% vs local median 4.1% in Weslaco — 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 72/100 on livability (#277 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D+, crime F, amenities F.
• Weslaco ISD (suburban): math 23% / reading 31% proficiency, ranked #705 of 826 in TX (top 85%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 710 active listings in the ZIP; 21 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; 7,378 units permitted in Hidalgo County in 2024 (641 in 5+ unit buildings).

Forward outlook

• In year one you build about $81 of equity ($519 loan paydown + $-438 appreciation (-0.6% local appreciation)).
• 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 387 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $20k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $66,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 387 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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. 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.
9. 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.
10. 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: 1.10% ✓
• Cap rate: 6.46%
• Cash-on-cash: 0.60%
• DSCR: 1.03
• GRM: 7.6

CMA / ARV

• ARV (median comp): $113,361
• List price: $75,000
• Delta: -33.84%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Projected returns pro-forma

-0.58% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -3.7%
• Equity multiple: 0.83×
• Total profit: $-3,468
• Equity at exit: $19,612

10-year hold

• IRR: 2.8%
• Equity multiple: 1.28×
• Total profit: $5,808
• Equity at exit: $21,910

Cash invested: $21,000 (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 78596

• Home prices YoY: -0.2%
• Active inventory: 710
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $828 high
• Mortgage (P&I): −$393
• Tax est. 1.5%: −$94 /mo · $1,125/yr
• Insurance: −$31
• HOA: −$125
• Vacancy / Maint / Mgmt: −$174
• Net cashflow: $11

Break-even live

Break-even rent $814

Max offer price $75,000

Occupancy floor 94%

Sensitivity live

Price	-10% $62	-5% $36	+0% $11	+5% $-15	+10% $-41
Rent	-10% $-55	-5% $-22	+0% $11	+5% $43	+10% $76
Rate	-1.0pp $48	-0.5pp $30	base $11	+0.5pp $-9	+1.0pp $-29

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
604 Buena Vista Dr Weslaco, TX	2.0	2.0	783	$750	$0.96	44d	1	0.15mi
609 Buena Vista Dr Apt 1 Weslaco, TX	2.0	2.0	888	$750	$0.84	44d	1	0.19mi
1810 S Oregon Ave Unit 1810-9 Weslaco, TX	2.0	1.0	850	$795	$0.94	44d	1	0.20mi
1810 S Oregon Ave Unit 622-3 Weslaco, TX	2.0	1.0	850	$855	$1.01	44d	1	0.20mi
1810 S Oregon Ave Unit 1810-14 Weslaco, TX	2.0	1.0	850	$695	$0.82	44d	1	0.20mi
220 E 18th St Unit 2 Weslaco, TX	2.0	1.0	770	$770	$1.00	44d	1	0.40mi
1306 E 11th St Unit 11 Weslaco, TX	2.0	2.0	900	$875	$0.97	44d	1	0.52mi
103 Audrey Dr Weslaco, TX	2.0	1.0	865	$750	$0.87	45d	1	0.61mi
610 S Hospital Dr Unit A9 Weslaco, TX	1.0	1.0	600	$795	$1.32	44d	1	0.87mi
705 E 6th St Apt 4 Weslaco, TX	1.0	1.0	700	$695	$0.99	44d	1	0.91mi
705 E 6th St Unit 21 Weslaco, TX	1.0	1.0	700	$595	$0.85	44d	1	0.91mi
301 E 4th St Unit 5 Weslaco, TX	1.0	1.0	700	$670	$0.96	44d	1	1.11mi
1812 Redbud Ln Unit 1 Weslaco, TX	2.0	2.0	874	$1,025	$1.17	44d	1	1.22mi
1804 Stauffers St #3 Weslaco, TX	2.0	2.0	840	$1,000	$1.19	44d	1	1.27mi
2108 Redbud Ln Unit 4 Weslaco, TX	2.0	2.0	920	$1,050	$1.14	44d	1	1.28mi
1805 Stauffers St Unit 3 Weslaco, TX	3.0	2.0	1116	$1,150	$1.03	44d	1	1.30mi
1722 E Davenport St Unit 4 Weslaco, TX	2.0	2.0	938	$1,100	$1.17	44d	1	1.31mi
1817 Stauffer St Weslaco, TX	3.0	2.0	1116	$1,200	$1.08	44d	1	1.32mi
1804 Davenport St Unit 4 Weslaco, TX	2.0	2.0	938	$1,125	$1.20	45d	1	1.33mi
1917 Davenport St Unit 1 Weslaco, TX	2.0	2.0	938	$1,100	$1.17	44d	1	1.40mi
622 E Llano Grande St Weslaco, TX	3.0	2.0	1100	$1,500	$1.36	44d	1	1.43mi

HOA detail condo

• Monthly dues: $125 · $1,500/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-06-21
   days on market $75,000 Active 387 DOM
2. 2026-06-18
   days on market $75,000 Active 385 DOM
3. 2026-06-17
   days on market $75,000 Active 384 DOM
4. 2026-06-16
   days on market $75,000 Active 383 DOM
5. 2026-06-15
   days on market $75,000 Active 382 DOM
6. 2026-06-15
   days on market $75,000 Active 381 DOM
7. 2026-06-13
   days on market $75,000 Active 380 DOM
8. 2026-06-12
   days on market $75,000 Active 379 DOM
9. 2026-06-09
   days on market $75,000 Active 376 DOM
10. 2026-06-08
    days on market $75,000 Active 375 DOM
11. 2026-06-08
    days on market $75,000 Active 374 DOM
12. 2026-06-07
    days on market $75,000 Active 373 DOM
13. 2026-06-03
    days on market $75,000 Active 370 DOM
14. 2026-06-02
    days on market $75,000 Active 369 DOM
15. 2026-06-01
    days on market $75,000 Active 368 DOM
16. 2026-05-31
    days on market $75,000 Active 367 DOM
17. 2025-12-19
    status Active 456-char remark

    Show marketing remark (456 chars)

    Welcome to your new home! This fully remodeled 2-bedroom, 1-bathroom condo spans 991 square feet and is the perfect place to call home. Move-in ready and featuring a spacious layout with a walk-in closet, this property is ideal for anyone seeking comfort and convenience. Plus, with owner financing available, now is the perfect time to make this charming condo yours. Don't miss the opportunity to live in style and comfort—schedule a viewing today!

18. 2025-12-16
    status Pending 456-char remark

    Show marketing remark (456 chars)

    Welcome to your new home! This fully remodeled 2-bedroom, 1-bathroom condo spans 991 square feet and is the perfect place to call home. Move-in ready and featuring a spacious layout with a walk-in closet, this property is ideal for anyone seeking comfort and convenience. Plus, with owner financing available, now is the perfect time to make this charming condo yours. Don't miss the opportunity to live in style and comfort—schedule a viewing today!

19. 2025-11-21
    price $75,000 456-char remark

    Show marketing remark (456 chars)

    Welcome to your new home! This fully remodeled 2-bedroom, 1-bathroom condo spans 991 square feet and is the perfect place to call home. Move-in ready and featuring a spacious layout with a walk-in closet, this property is ideal for anyone seeking comfort and convenience. Plus, with owner financing available, now is the perfect time to make this charming condo yours. Don't miss the opportunity to live in style and comfort—schedule a viewing today!

20. 2025-09-22
    status Active 456-char remark

    Show marketing remark (456 chars)

    Welcome to your new home! This fully remodeled 2-bedroom, 1-bathroom condo spans 991 square feet and is the perfect place to call home. Move-in ready and featuring a spacious layout with a walk-in closet, this property is ideal for anyone seeking comfort and convenience. Plus, with owner financing available, now is the perfect time to make this charming condo yours. Don't miss the opportunity to live in style and comfort—schedule a viewing today!

21. 2025-05-03
    price $79,000 456-char remark

    Show marketing remark (456 chars)

    Welcome to your new home! This fully remodeled 2-bedroom, 1-bathroom condo spans 991 square feet and is the perfect place to call home. Move-in ready and featuring a spacious layout with a walk-in closet, this property is ideal for anyone seeking comfort and convenience. Plus, with owner financing available, now is the perfect time to make this charming condo yours. Don't miss the opportunity to live in style and comfort—schedule a viewing today!

22. 2025-04-24
    price $83,000 456-char remark

    Show marketing remark (456 chars)

    Welcome to your new home! This fully remodeled 2-bedroom, 1-bathroom condo spans 991 square feet and is the perfect place to call home. Move-in ready and featuring a spacious layout with a walk-in closet, this property is ideal for anyone seeking comfort and convenience. Plus, with owner financing available, now is the perfect time to make this charming condo yours. Don't miss the opportunity to live in style and comfort—schedule a viewing today!

23. 2025-04-11
    price $85,000 456-char remark

    Show marketing remark (456 chars)

    Welcome to your new home! This fully remodeled 2-bedroom, 1-bathroom condo spans 991 square feet and is the perfect place to call home. Move-in ready and featuring a spacious layout with a walk-in closet, this property is ideal for anyone seeking comfort and convenience. Plus, with owner financing available, now is the perfect time to make this charming condo yours. Don't miss the opportunity to live in style and comfort—schedule a viewing today!

24. 2025-03-06
    price $89,000 456-char remark

    Show marketing remark (456 chars)

    Welcome to your new home! This fully remodeled 2-bedroom, 1-bathroom condo spans 991 square feet and is the perfect place to call home. Move-in ready and featuring a spacious layout with a walk-in closet, this property is ideal for anyone seeking comfort and convenience. Plus, with owner financing available, now is the perfect time to make this charming condo yours. Don't miss the opportunity to live in style and comfort—schedule a viewing today!

25. 2025-02-21
    price $94,000 456-char remark

    Show marketing remark (456 chars)

    Welcome to your new home! This fully remodeled 2-bedroom, 1-bathroom condo spans 991 square feet and is the perfect place to call home. Move-in ready and featuring a spacious layout with a walk-in closet, this property is ideal for anyone seeking comfort and convenience. Plus, with owner financing available, now is the perfect time to make this charming condo yours. Don't miss the opportunity to live in style and comfort—schedule a viewing today!

26. 2025-02-10
    listed $95,000 Active 456-char remark

    Show marketing remark (456 chars)

    Welcome to your new home! This fully remodeled 2-bedroom, 1-bathroom condo spans 991 square feet and is the perfect place to call home. Move-in ready and featuring a spacious layout with a walk-in closet, this property is ideal for anyone seeking comfort and convenience. Plus, with owner financing available, now is the perfect time to make this charming condo yours. Don't miss the opportunity to live in style and comfort—schedule a viewing today!

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

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥110°F today · 22 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: $9,932
• − Mortgage interest: −$4,201
• − Property taxes: −$1,125
• − Insurance: −$375
• − Repairs & maintenance: −$795
• − Management: −$795
• − HOA: −$1,500
• − Depreciation: −$2,182
• Taxable loss: −$1,040
• Est. tax savings @ 24.0%: +$250
• After-tax cash flow: $376/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

Good 80/100 Cosmetic rehab

This fully remodeled 2-bedroom, 1-bathroom condo is move-in ready and features a spacious layout with a walk-in closet. The home has a good condition score and is ideal for anyone seeking comfort and convenience.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics
• Both Updating the flooring in the kitchen and bathrooms — New flooring can improve the overall look and feel of the home
• Both Upgrading the appliances in the kitchen — Modern appliances can attract more buyers and renters
• Both Adding a smart home system — Smart home features can increase the home's value and appeal to tech-savvy buyers

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics ↑
• Both Updating the flooring in the kitchen and bathrooms — New flooring can improve the overall look and feel of the home ↑
• Both Upgrading the appliances in the kitchen — Modern appliances can attract more buyers and renters ↑
• Both Adding a smart home system — Smart home features can increase the home's value and appeal to tech-savvy buyers ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Weslaco ISD
• NCES district ID: 4844960
• Math proficiency: 23% ▼ -29.00%
• Reading proficiency: 31% ▼ -9.00%
• Median HH income: $32,867
• Composite: 22.05/100
• National rank: #8196
• State rank: #705 of 826 in TX

Livability — Weslaco

• Score: 72/100
• State rank: #277
• US rank: #6469

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Weslaco, TX
• Population (ZIP): 38,942

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 (86%)
• Race & ethnicity: Hispanic / Latino 86% Two or more races 38% White 13%
• Hispanic origin (detail): Mexican 82%
• Common ancestry: Slovak 1%
• Foreign-born: 17% · Canada
• Languages at home: 27% English-only · Spanish 72%

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: ▼ -0.58%
• Current HPI: 261.5117
• 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

-21.1% since first listed

10 events — show timeline

• 2025-12-19 Relisted — MCALLENMLS
• 2025-12-16 Pending — MCALLENMLS
• 2025-11-21 Price Changed $75,000 MCALLENMLS
• 2025-09-22 Relisted — MCALLENMLS
• 2025-05-03 Price Changed $79,000 MCALLENMLS
• 2025-04-24 Price Changed $83,000 MCALLENMLS
• 2025-04-11 Price Changed $85,000 MCALLENMLS
• 2025-03-06 Price Changed $89,000 MCALLENMLS
• 2025-02-21 Price Changed $94,000 MCALLENMLS
• 2025-02-10 Listed $95,000 MCALLENMLS