27344 Minnesota Dr · Harlingen, TX 78552

$49,000

2 bd · 2.0 ba · 980 sqft · Manufactured · 200 Days on market

Manufactured home 55+ age-restricted Built 1974 Good condition 5,001 sqft lot $50/sqft · 27% below area Est $67k · 27% under $4/mo HOA ↓ 11% 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).

• Cash flow +22.5/30.0
• ARV discount +15.0/15.0
• 1% rule +7.5/10.0
• DSCR +7.5/10.0
• Condition / age +3.8/5.0
• Livability +3.7/5.0
• Schools +3.4/10.0
• Appreciation +2.5/10.0
• Rent growth +2.0/5.0
• Manufactured-home adj. -5.4

Listing remarks MLS

A welcoming home renovated and maintained 2 bedroom and 2 bathroom single wide mobile home. A spacious and open kitchen with renovated wood flooring, and with plenty of cabinetry. Living room with carpeted area. Exquisite color scheme throughout the home, and with a captivating cedar wood detailed ceiling in the second bedroom, and bathroom. Attached extended carport, and a vacant storage unit on property ready to be used! 55+ Community Park.

Key facts

• Vacant storage unit
• 5,001 sq ft lot
• Parking

Tags

• RENOVATED WOOD FLOORING
• ATTACHED EXTENDED CARPORT
• VACANT STORAGE UNIT

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $49k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $398 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($937 rent vs $49k).
• Recommended offer: $43k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.0% vs local median 3.9% in Harlingen — 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 (#217 in TX) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, housing A+; Watch: crime C-, commute F, employment F.
• La Feria ISD (suburban): math 27% / reading 35% proficiency, ranked #630 of 826 in TX (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Sam Houston El (math 27% / reading 32%, grade F, #2,525 of 4,322 statewide, top 62%, 440 students, 87% FRL); W B Green J H (math 24% / reading 35%, grade F, #1,077 of 1,662 statewide, top 66%, 454 students, 85% FRL); La Feria H S (math 32% / reading 52%, grade F, #730 of 1,632 statewide, top 47%, 909 students, 85% FRL) — zoned schools average 85% FRL vs 50% district-wide (36 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-1.9%/yr); 653 active listings in the ZIP; 2,326 units permitted in Cameron County in 2024 (503 in 5+ unit buildings).
• This rent is only 16% of the median local income ($70k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $339 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Cameron County population projected at +3% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $14k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 200 days — a 12% lower offer ($43k) is reasonable based on typical stale-listing flexibility.
• 3 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% 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 $43,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 200 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 1974 — 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. 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. 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 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: 1.91% ✓
• Cap rate: 16.03%
• Cash-on-cash: 34.77%
• DSCR: 2.55
• GRM: 4.4

CMA / ARV

• ARV (median comp): $67,100
• List price: $49,000
• Delta: -26.98%
• Verdict: UNDERPRICED
• Comps: 4 within 2.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
900 Tangerine Dr	1.39mi	2/2.0	920 (-6%)	15mo	$110,000	$120	42
14610 Oak St	1.46mi	3/1.5 (+1)	1,052 (+7%)	5mo	$56,999	$54	41
25919 Maple Dr	1.40mi	2/1.5	896 (-9%)	12mo	$75,000	$84	39
14938 Business 83	0.74mi	1/1.0 (-1)	976 (-0%)	32mo	$62,000	$64	36
26826 S Tamm Ln #57	1.01mi	2/1.0	784 (-20%)	2mo	$60,000	$77	34
909 Hamlin St	1.37mi	2/1.5	912 (-7%)	30mo	$60,000	$66	31
26826 S Tamm Ln #34	1.01mi	2/1.0	834 (-15%)	31mo	$75,000	$90	16

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 26.8%
• Equity multiple: 2.07×
• Total profit: $14,653
• Equity at exit: $7,306

10-year hold

• IRR: 32.5%
• Equity multiple: 3.54×
• Total profit: $34,821
• Equity at exit: $4,237

Cash invested: $13,720 (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 →

Active competition Active MLS

• For sale now: 4 active · 2 under contract
• Median asking: $109,700 ($104/sqft)
• Median days on market: 135 d
• This list price: lowest-priced of the active set
• ARV vs active asking: -33.9% vs current asking $/sqft

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

ZIP-level market 78552

• Home prices YoY: -13.8%
• Rents YoY: -1.9%
• Active inventory: 653
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $937 medium
• Mortgage (P&I): −$257
• Tax est. 1.5%: −$61 /mo · $735/yr
• Insurance: −$20
• HOA: −$4
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$197
• Net cashflow: $398

Break-even live

Break-even rent $434

Max offer price $49,000

Occupancy floor 53%

Sensitivity live

Price	-10% $431	-5% $415	+0% $398	+5% $381	+10% $364
Rent	-10% $324	-5% $361	+0% $398	+5% $435	+10% $472
Rate	-1.0pp $422	-0.5pp $410	base $398	+0.5pp $385	+1.0pp $372

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: $12,250
• Closing costs: $1,470
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-08-08
   days on market $49,000 Active 200 DOM
2. 2026-08-07
   days on market $49,000 Active 199 DOM
3. 2026-08-06
   days on market $49,000 Active 198 DOM
4. 2026-08-05
   days on market $49,000 Active 197 DOM
5. 2026-08-04
   days on market $49,000 Active 196 DOM
6. 2026-08-03
   days on market $49,000 Active 195 DOM
7. 2026-07-31
   days on market $49,000 Active 192 DOM
8. 2026-07-30
   days on market $49,000 Active 191 DOM
9. 2026-07-29
   days on market $49,000 Active 190 DOM
10. 2026-07-27
    days on market $49,000 Active 188 DOM
11. 2026-07-25
    days on market $49,000 Active 186 DOM
12. 2026-07-24
    days on market $49,000 Active 185 DOM
13. 2026-07-23
    days on market $49,000 Active 184 DOM
14. 2026-07-22
    days on market $49,000 Active 183 DOM
15. 2026-07-21
    days on market $49,000 Active 182 DOM
16. 2026-07-18
    days on market $49,000 Active 179 DOM
17. 2026-07-16
    days on market $49,000 Active 177 DOM
18. 2026-07-16
    days on market $49,000 Active 176 DOM
19. 2026-07-14
    days on market $49,000 Active 175 DOM
20. 2026-07-13
    days on market $49,000 Active 174 DOM
21. 2026-07-12
    days on market $49,000 Active 173 DOM
22. 2026-07-11
    days on market $49,000 Active 172 DOM
23. 2026-07-10
    days on market $49,000 Active 171 DOM
24. 2026-07-09
    days on market $49,000 Active 170 DOM
25. 2026-07-08
    days on market $49,000 Active 169 DOM
26. 2026-07-07
    days on market $49,000 Active 168 DOM
27. 2026-07-06
    days on market $49,000 Active 167 DOM
28. 2026-07-05
    days on market $49,000 Active 166 DOM
29. 2026-07-04
    days on market $49,000 Active 165 DOM
30. 2026-07-03
    days on market $49,000 Active 164 DOM
31. 2026-07-02
    days on market $49,000 Active 163 DOM
32. 2026-07-01
    days on market $49,000 Active 162 DOM
33. 2026-06-30
    days on market $49,000 Active 161 DOM
34. 2026-06-29
    days on market $49,000 Active 160 DOM
35. 2026-06-28
    days on market $49,000 Active 159 DOM
36. 2026-06-28
    days on market $49,000 Active 158 DOM
37. 2026-06-27
    days on market $49,000 Active 157 DOM
38. 2026-06-25
    days on market $49,000 Active 155 DOM
39. 2026-06-23
    days on market $49,000 Active 153 DOM
40. 2026-06-21
    days on market $49,000 Active 152 DOM
41. 2026-06-18
    days on market $49,000 Active 149 DOM
42. 2026-06-17
    days on market $49,000 Active 148 DOM
43. 2026-06-16
    days on market $49,000 Active 147 DOM
44. 2026-06-15
    days on market $49,000 Active 146 DOM
45. 2026-06-14
    days on market $49,000 Active 144 DOM
46. 2026-06-13
    days on market $49,000 Active 143 DOM
47. 2026-06-10
    days on market $49,000 Active 141 DOM
48. 2026-06-09
    days on market $49,000 Active 140 DOM
49. 2026-06-08
    days on market $49,000 Active 139 DOM
50. 2026-06-07
    days on market $49,000 Active 138 DOM

ⓘ 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 FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 24 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: $11,244
• − Mortgage interest: −$2,745
• − Property taxes: −$735
• − Insurance: −$245
• − Repairs & maintenance: −$899
• − Management: −$899
• − HOA: −$48
• − Depreciation: −$1,425
• Taxable income: $4,246
• Est. tax owed @ 24.0%: −$1,019
• After-tax cash flow: $3,752/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 75/100 Cosmetic rehab Est. rehab $4,900–$14,700 screening

A well-maintained and renovated 2-bedroom, 2-bathroom single-wide mobile home with good curb appeal and potential for further value enhancement.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Resale Replace carpet with hardwood flooring — Improves aesthetic and value ↑
• Both Install smart home features — Enhances comfort and marketability ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 34/100

Zoned Schools

Elementary Sam Houston El F TX #2,525/4,322 Nat'l #26,716/41,679 Middle W B Green J H F TX #1,077/1,662 Nat'l #9,020/14,009 High La Feria H S F TX #730/1,632 Nat'l #7,572/17,239

Schools (NCES district)

• District: La Feria ISD
• NCES district ID: 4826040
• Math proficiency: 27% ▼ -25.00%
• Reading proficiency: 35% ▼ -4.00%
• Median HH income: $33,306
• Composite: 25.41/100
• National rank: #7460
• State rank: #630 of 826 in TX

B Composite livability gradescore 73/100

Livability — Harlingen

• Score: 73/100
• State rank: #217
• US rank: #5347

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Cameron County · 441,603 people
• City population: 95,667
• Metro: Brownsville-Harlingen, TX
• Population (ZIP): 42,332
• Household income: $69,811
• Rent vs Own: 24.7% rent · 75.3% own
• Severe rent burden: 4% of renters

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Population outlook (Cameron County) Hauer SSP2

• Today (2025): 441,603 people
• By 2030: 448,113 · +1.5%
• By 2040: 456,385 · +3.3%
• By 2050: 456,294 · +3.3%
• By 2075: 423,851 · -4.0%
• By 2100: 342,787 · -22.4%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (80%)
• Race & ethnicity: Hispanic / Latino 80% Two or more races 31% White 16% Asian 2%
• Hispanic origin (detail): Mexican 75%
• Common ancestry: Lithuanian 1% Romanian 1% Slovak 1%
• Foreign-born: 15% · Canada
• Languages at home: 49% English-only · Spanish 49% Vietnamese 1%

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Political lean MEDSL · Cameron

• 2024 margin: Lean R (+5.8) · D 46.7% · R 52.5%
• 2008→2024 swing: -34.6pp toward R · 2008: 28.8pp · 2024: -5.8pp
• All cycles: 2024: R+5.8 2020: D+13.2 2016: D+32.5 2012: D+32.4 2008: D+28.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -31.61%
• Current HPI: 197.1906
• Rent YoY: ▼ -1.87%
• Metro: Brownsville-Harlingen, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

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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

-10.9% since first listed

4 events — show timeline

• 2026-04-07 Relisted — MCALLENMLS
• 2026-04-02 Pending — MCALLENMLS
• 2026-01-14 Listed $49,000 MCALLENMLS
• 2025-01-17 Listed $55,000 MCALLENMLS