12427 Sasha Dr · Santa Rosa, TX 78593

$89,900

3 bd · 1.0 ba · 1,056 sqft · SingleFamily public records · 60 Days on market

Built 1965 0.95 ac lot $85/sqft · 29% below area Est $127k · 29% under

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Why this score? — see what drove the A- 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +7.9/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

RARE CORNER LOT OPPORTUNITY! Looking for space and quiet? Don't miss this massive 0.95-acre corner lot in Santa Rosa! This property is a prime investing opportunity and the ultimate "blank canvas" for anyone looking to escape the city noise and own nearly a full acre of land in a peaceful rural setting. Situated on a spacious corner with easy access via Sasha Dr, the investor potential here is massive. Whether you are looking to rehab the existing structure or clear the lot for a brand-new custom build, this property offers the size and flexibility you've been searching for. Sold AS IS. Seller will make no repairs and provides no warranties on the structure or any existing utilities. CASH PREFERRED, but all serious offers will be considered. Rare opportunity for investing in a nearly 1-acre corner lot in Cameron County—bring your best offer today!

Key facts

• Existing structure
• Custom build
• Corner lot

Tags

• CORNER LOT
• 0.95-ACRE LOT
• PEACEFUL RURAL SETTING
• INVESTING OPPORTUNITY
• EXISTING STRUCTURE
• CUSTOM BUILD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $391 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $87k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#774 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools F, amenities F, commute 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.
• Market conditions: 50 active listings in the ZIP; 2,326 units permitted in Cameron County in 2024 (503 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($622 loan paydown + $5k appreciation (5.8% local appreciation)).
• Cameron County population projected at +3% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (5.8% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($87k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $152/mo.
• Climate carrying-cost: in FEMA flood zone AH (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $87,203 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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: 1.65% ✓
• Cap rate: 13.54%
• Cash-on-cash: 25.87%
• DSCR: 2.15
• GRM: 5.1

CMA / ARV

• ARV (median comp): $126,749
• List price: $89,900
• Delta: -29.07%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12055 Coco Rd	0.61mi	2/2.0 (-1)	1,140 (+8%)	22mo	$165,000	$145	31

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

5.83% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 30.7%
• Equity multiple: 2.99×
• Total profit: $50,029
• Equity at exit: $55,536

10-year hold

• IRR: 28.7%
• Equity multiple: 6.09×
• Total profit: $128,172
• Equity at exit: $99,878

Cash invested: $25,172 (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 78593

• Home prices YoY: 2.9%
• Active inventory: 50
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,482 medium
• Mortgage (P&I): −$471
• Tax from tax record: −$119 /mo · $1,432/yr
• Insurance: −$37
• Flood insurance flood zone: −$152 /mo · $1,824/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$311
• Net cashflow: $391

Break-even live

Break-even rent $988

Max offer price $89,900

Occupancy floor 69%

Sensitivity live

Price	-10% $441	-5% $416	+0% $391	+5% $365	+10% $340
Rent	-10% $273	-5% $332	+0% $391	+5% $449	+10% $508
Rate	-1.0pp $436	-0.5pp $413	base $391	+0.5pp $367	+1.0pp $344

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-21
   days on market $89,900 Active 60 DOM
2. 2026-06-18
   days on market $89,900 Active 57 DOM
3. 2026-06-17
   days on market $89,900 Active 56 DOM
4. 2026-06-16
   days on market $89,900 Active 55 DOM
5. 2026-06-15
   days on market $89,900 Active 54 DOM
6. 2026-06-14
   days on market $89,900 Active 52 DOM
7. 2026-06-13
   days on market $89,900 Active 51 DOM
8. 2026-06-10
   days on market $89,900 Active 49 DOM
9. 2026-06-09
   days on market $89,900 Active 48 DOM
10. 2026-06-08
    days on market $89,900 Active 47 DOM
11. 2026-06-07
    days on market $89,900 Active 46 DOM
12. 2026-06-03
    days on market $89,900 Active 42 DOM
13. 2026-06-02
    days on market $89,900 Active 41 DOM
14. 2026-06-01
    days on market $89,900 Active 40 DOM
15. 2026-05-31
    days on market $89,900 Active 39 DOM
16. 2026-05-30
    days on market $89,900 Active 38 DOM
17. 2026-04-21
    listed $95,000 Active 881-char remark

    Show marketing remark (881 chars)

    RARE CORNER LOT OPPORTUNITY! Looking for space and quiet? Don't miss this massive 0.95-acre corner lot in Santa Rosa! This property is a prime investing opportunity and the ultimate "blank canvas" for anyone looking to escape the city noise and own nearly a full acre of land in a peaceful rural setting. Situated on a spacious corner with easy access via Sasha Dr, the investor potential here is massive. Whether you are looking to rehab the existing structure or clear the lot for a brand-new custom build, this property offers the size and flexibility you've been searching for. Sold AS IS. Seller will make no repairs and provides no warranties on the structure or any existing utilities. CASH PREFERRED, but all serious offers will be considered. Rare opportunity for investing in a nearly 1-acre corner lot in Cameron County—bring your best offer today!

ⓘ 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: $1,432 · $119/mo
• Projected year-2 tax: $1,645 · $137/mo
• Expected delta: +$213/yr (+$18/mo · 14.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone AH · 24% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 25 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 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: $17,785
• − Mortgage interest: −$5,036
• − Property taxes: −$1,432
• − Insurance: −$2,274
• − Repairs & maintenance: −$1,423
• − Management: −$1,423
• − Depreciation: −$2,615
• Taxable income: $3,582
• Est. tax owed @ 24.0%: −$860
• After-tax cash flow: $3,827/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: 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

Livability — Santa Rosa

• Score: 64/100
• State rank: #774
• US rank: #14097

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 5,030

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%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (97%)
• Race & ethnicity: Hispanic / Latino 97% Two or more races 39% Native American 4% White 3%
• Hispanic origin (detail): Mexican 95%
• Foreign-born: 12% · Canada
• Languages at home: 45% English-only · Spanish 55%

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: ▲ 5.83%
• Current HPI: 210.4254
• 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

1 event — show timeline

• 2026-04-21 Listed $95,000 MCALLENMLS

Property tax history

+10.3%/yr

Latest (2025): $1,432 · +24.7% YoY. Source: county tax records.