126 Dream St · Perezville, TX 78572

$81,000

3 bd · 2.0 ba · 1,004 sqft · Manufactured public records · 70 Days on market

Built 1982 5,502 sqft lot $81/sqft · 10% below area Est $90k · 10% under $38/mo HOA · 3% of rent ↓ 14% since listing

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Why this score? — see what drove the B 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 +12.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.2/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 2-bedroom, 1.5-bath manufactured home is nestled in a peaceful 55+ community with convenient access to the interstate and nearby amenities. Inside, the open layout connects the living, dining, and kitchen areas, creating a comfortable and functional space. The home features both laminate and carpet flooring, along with a bonus room or Texas room that can be used as a guest space, hobby room, or a quiet retreat. Outside, there are two covered carports, one on each side of the home, as well as a small garage that’s perfect for a compact vehicle or golf cart storage. The backyard is shaded by mature trees and includes a deck off the bonus room, a wonderful spot to enjoy a cup of coffee in the morning or relax in the evening. A storage shed provides extra space for tools or seasonal items. With its thoughtful layout, inviting outdoor space, and access to community amenities, this property offers a comfortable and low-maintenance lifestyle.

Key facts

• Covered carports
• Shaded backyard
• Bonus room

Tags

• OPEN LAYOUT
• BONUS ROOM
• COVERED CARPORTS
• SHADED BACKYARD
• DECK OFF BONUS ROOM
• STORAGE SHED

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $81k.

Deal economics

• At list price, monthly cash flow is $443 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $81k).
• Recommended offer: $76k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.9% vs local median 6.9% in Perezville — 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 64/100 on livability (#743 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: schools F, amenities F, commute F.
• La Joya ISD (suburban): math 18% / reading 29% proficiency, ranked #759 of 826 in TX (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents flat; 852 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% 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 $560 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 0.9% rent growth), your $23k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($76k) 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.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 94% chance of damaging wind over 30y; severe wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $76,140 (6.0% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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: 1.57% ✓
• Cap rate: 12.85%
• Cash-on-cash: 23.42%
• DSCR: 2.04
• GRM: 5.3

CMA / ARV

• ARV (median comp): $89,900
• List price: $81,000
• Delta: -9.90%
• Verdict: FAIR
• Comps: 13 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
125 Nap St	0.12mi	2/2.5 (-1)	960 (-4%)	7mo	$70,000	$73	74
114 Doze St	0.12mi	2/1.5 (-1)	1,084 (+8%)	3mo	$68,000	$63	71

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 · 0.93% rent growth · sell at horizon

5-year hold

• IRR: 14.1%
• Equity multiple: 1.55×
• Total profit: $12,488
• Equity at exit: $12,077

10-year hold

• IRR: 21.3%
• Equity multiple: 2.63×
• Total profit: $37,030
• Equity at exit: $7,003

Cash invested: $22,680 (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 78572

• Home prices YoY: -22.9%
• Rents YoY: 0.9%
• Active inventory: 852
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,274 high
• Mortgage (P&I): −$425
• Tax from tax record: −$67 /mo · $809/yr
• Insurance: −$34
• HOA: −$38
• Vacancy / Maint / Mgmt: −$268
• Net cashflow: $443

Break-even live

Break-even rent $714

Max offer price $81,000

Occupancy floor 60%

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: $20,250
• Closing costs: $2,430
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1908 Kennedy St Mission, TX	2.0	2.0	1062	$1,300	$1.22	23d	1	0.24mi
7220 W Interstate Highway 2 Fl STW 4 WITH PORCH) FRONT UNIT Mission, TX	2.0	2.0	1104	$1,150	$1.04	43d	1	0.50mi
7220 W Interstate Highway 2 Unit 12 Mission, TX	2.0	2.0	1104	$995	$0.90	21d	1	0.53mi
7220 W Interstate Highway 2 Unit 20 Mission, TX	2.0	2.0	1104	$995	$0.90	43d	1	0.53mi
3717 Clavel St Unit 8 Palmview, TX	2.0	1.0	1005	$800	$0.80	43d	1	0.76mi
3711 Chapa AVE Palmview, TX	3.0	2.0	1050	$1,300	$1.24	43d	1	0.85mi
3711 Chapa AVE Palmview, TX	2.0	2.0	995	$1,150	$1.16	14d	1	0.85mi
2503 Double Eagle Dr Mission, TX	2.0	2.0	840	$1,300	$1.55	43d	1	0.86mi
3706 Chapa AVE Palmview, TX	2.0	2.0	864	$1,100	$1.27	43d	1	0.86mi
1905 Tierra Linda Cir W Mission, TX	3.0	2.0	1344	$2,000	$1.49	14d	1	1.16mi

HOA detail

• Monthly dues: $38 · $456/yr

Listing history 20 events

1. 2026-06-18
   days on market $81,000 Active 70 DOM
2. 2026-06-17
   days on market $81,000 Active 69 DOM
3. 2026-06-16
   days on market $81,000 Active 68 DOM
4. 2026-06-15
   days on market $81,000 Active 67 DOM
5. 2026-06-14
   days on market $81,000 Active 65 DOM
6. 2026-06-13
   days on market $81,000 Active 64 DOM
7. 2026-06-10
   days on market $81,000 Active 62 DOM
8. 2026-06-09
   days on market $81,000 Active 61 DOM
9. 2026-06-08
   days on market $81,000 Active 60 DOM
10. 2026-06-07
    days on market $81,000 Active 59 DOM
11. 2026-06-05
    days on market $81,000 Active 56 DOM
12. 2026-06-03
    days on market $81,000 Active 55 DOM
13. 2026-06-02
    days on market $81,000 Active 54 DOM
14. 2026-06-01
    days on market $81,000 Active 53 DOM
15. 2026-05-31
    days on market $81,000 Active 52 DOM
16. 2026-05-31
    days on market $81,000 Active 51 DOM
17. 2026-04-05
    listed $81,000 Active 960-char remark

    Show marketing remark (960 chars)

    This 2-bedroom, 1.5-bath manufactured home is nestled in a peaceful 55+ community with convenient access to the interstate and nearby amenities. Inside, the open layout connects the living, dining, and kitchen areas, creating a comfortable and functional space. The home features both laminate and carpet flooring, along with a bonus room or Texas room that can be used as a guest space, hobby room, or a quiet retreat. Outside, there are two covered carports, one on each side of the home, as well as a small garage that’s perfect for a compact vehicle or golf cart storage. The backyard is shaded by mature trees and includes a deck off the bonus room, a wonderful spot to enjoy a cup of coffee in the morning or relax in the evening. A storage shed provides extra space for tools or seasonal items. With its thoughtful layout, inviting outdoor space, and access to community amenities, this property offers a comfortable and low-maintenance lifestyle.

18. 2025-09-11
    listed $94,500 Active
19. 2005-02-09
    soldstatus
20. 2001-12-11
    soldstatus

ⓘ 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: $809 · $67/mo
• Projected year-2 tax: $1,482 · $124/mo
• Expected delta: +$673/yr (+$56/mo · 83.1%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X · 58% chance over 30 yrs
• 🔥 Wildfire 8/10 Severe
• 🌡 Heat 9/10 Extreme 7 d/yr ≥112°F today · 23 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 94% 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: $15,291
• − Mortgage interest: −$4,537
• − Property taxes: −$809
• − Insurance: −$405
• − Repairs & maintenance: −$1,223
• − Management: −$1,223
• − HOA: −$456
• − Depreciation: −$2,356
• Taxable income: $4,280
• Est. tax owed @ 24.0%: −$1,027
• After-tax cash flow: $4,285/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 Joya ISD
• NCES district ID: 4826130
• Math proficiency: 18% ▼ -35.00%
• Reading proficiency: 29% ▼ -10.00%
• Median HH income: $27,845
• Composite: 18.65/100
• National rank: #8891
• State rank: #759 of 826 in TX

Livability — Perezville

• Score: 64/100
• State rank: #743
• US rank: #13748

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Perezville, TX
• County: Hidalgo County · 623,128 people
• City population: 78,024
• Metro: McAllen-Edinburg-Mission, TX
• Population (ZIP): 78,024
• Household income: $54,298
• Rent vs Own: 29.0% rent · 71.0% own
• Severe rent burden: 1714.0

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 (85%)
• Race & ethnicity: Hispanic / Latino 85% Two or more races 47% White 12% Asian 2%
• Hispanic origin (detail): Mexican 80%
• Common ancestry: Slovak 1% Portuguese 0%
• Foreign-born: 28% · Canada, South Korea
• Languages at home: 22% 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: —

Market trends

• HPI YoY: ▼ -62.35%
• Current HPI: 209.3573
• Rent YoY: ▲ 0.93%
• Metro: McAllen-Edinburg-Mission, 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

-14.3% since first listed

4 events — show timeline

• 2026-04-05 Listed $81,000 MCALLENMLS
• 2025-09-11 Listed $94,500 MCALLENMLS
• 2005-02-09 Sold (Public Records) — Public Records
• 2001-12-11 Sold (Public Records) — Public Records

Property tax history

+1.1%/yr

Latest (2025): $809 · +7.1% YoY. Source: county tax records.