244 N County Road 1032 · Ricardo, TX 78363

$95,000

4 bd · 3.0 ba · 5,400 sqft · SingleFamily public records · 16 Days on market

Built 1970 2.00 ac lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +4.3/5.0
• Schools +3.8/10.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This approximately 5,000+ sq. ft. home is set on one acre just outside the city limits in Ricardo, TX, offering a peaceful country setting with convenient access to Highway 77. The generous layout provides multiple rooms and flexible interior spaces, creating an ideal backdrop for a variety of living arrangements and personal visions. Surrounded by open space, the property offers room to enjoy the outdoors and the quieter pace of country living while remaining within comfortable reach of nearby amenities. The home is being sold AS IS, providing a spacious canvas for a buyer looking to make the property their own. AI-generated image included to help illustrate potential possibilities.

Key facts

• Open space
• Spacious canvas
• Two acres

Tags

• TWO ACRES
• MATURE TREES
• OPEN SPACE
• FLEXIBLE LIVING SPACES
• INVESTMENT OPPORTUNITY
• SPACIOUS CANVAS

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $598 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Recommended offer: $94k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 59/100 on livability (#1,151 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: health & safety C-, schools D+, employment D+.
• Ricardo ISD (rural): math 37% / reading 50% proficiency, ranked #277 of 826 in TX (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+7.2%/yr); 216 active listings in the ZIP; 24 units permitted in Kleberg County in 2024 (0 in 5+ unit buildings).
• This rent runs 36% of the median local income ($61k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $657 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Kleberg County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 7.2% rent growth), your $27k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($94k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $30k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; severe wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $93,575 (1.5% below list)

Questions for the listing agent

1. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.92% ✓
• Cap rate: 15.43%
• Cash-on-cash: 32.62%
• DSCR: 2.45
• GRM: 4.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 7.18% rent growth · sell at horizon

5-year hold

• IRR: 26.3%
• Equity multiple: 2.16×
• Total profit: $30,810
• Equity at exit: $14,165

10-year hold

• IRR: 36.7%
• Equity multiple: 5.22×
• Total profit: $112,141
• Equity at exit: $8,214

Cash invested: $26,600 (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 78363

• Rents YoY: 7.2%
• Active inventory: 216
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $1,821 medium
• Mortgage (P&I): −$498
• Tax from tax record: −$178 /mo · $2,134/yr
• Insurance: −$40
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $598

Break-even live

Break-even rent $1,064

Max offer price $95,000

Occupancy floor 62%

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-19
   days on market $95,000 Active 16 DOM
2. 2026-06-18
   days on market $95,000 Active 15 DOM
3. 2026-06-17
   days on market $95,000 Active 14 DOM
4. 2026-06-16
   days on market $95,000 Active 13 DOM
5. 2026-06-15
   days on market $95,000 Active 12 DOM
6. 2026-06-14
   days on market $95,000 Active 10 DOM
7. 2026-06-12
   days on market $95,000 Active 9 DOM
8. 2026-06-09
   days on market $95,000 Active 6 DOM
9. 2026-06-08
   days on market $95,000 Active 5 DOM
10. 2026-06-07
    days on market $95,000 Active 4 DOM
11. 2026-06-05
    remarks 699-char remark
12. 2026-06-05
    pricedays on marketlisting id $95,000 Active 1 DOM
13. 2026-06-03
    days on market $125,000 Active 123 DOM
14. 2026-06-02
    days on market $125,000 Active 122 DOM
15. 2026-06-01
    days on market $125,000 Active 121 DOM
16. 2026-05-31
    days on market $125,000 Active 120 DOM
17. 2026-05-30
    days on market $125,000 Active 119 DOM
18. 2026-01-27
    listed $125,000 Active 692-char remark

    Show marketing remark (692 chars)

    This approximately 5,000+ sq. ft. home is set on one acre just outside the city limits in Ricardo, TX, offering a peaceful country setting with convenient access to Highway 77. The generous layout provides multiple rooms and flexible interior spaces, creating an ideal backdrop for a variety of living arrangements and personal visions. Surrounded by open space, the property offers room to enjoy the outdoors and the quieter pace of country living while remaining within comfortable reach of nearby amenities. The home is being sold AS IS, providing a spacious canvas for a buyer looking to make the property their own. AI-generated image included to help illustrate potential possibilities.

19. 2026-01-20
    listed $45,000 Active 494-char remark

    Show marketing remark (494 chars)

    Looking for space, flexibility, and freedom? This 1.002-acre unrestricted lot in Ricardo is ready for its next buyer. With no restrictions, you have the ability to build, place, or create exactly what fits your plans. Whether you're dreaming of a homestead, weekend retreat, or long term investment, this property offers the opportunity to turn possibilities into reality in a peaceful rural setting. (Buyer to verify lot dimensions, utilities, and intended use. Survey not currently on file. )

20. 2025-12-19
    soldstatus
21. 2025-12-17
    soldstatus Closed
22. 2025-12-02
    status Pending
23. 2025-11-24
    listed $29,900 Active

ⓘ 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: $2,134 · $178/mo
• Projected year-2 tax: $2,134 · $178/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone A · 99% chance over 30 yrs
• 🔥 Wildfire 8/10 Severe
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 21 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: $21,854
• − Mortgage interest: −$5,321
• − Property taxes: −$2,134
• − Insurance: −$1,978
• − Repairs & maintenance: −$1,748
• − Management: −$1,748
• − Depreciation: −$2,764
• Taxable income: $6,161
• Est. tax owed @ 24.0%: −$1,479
• After-tax cash flow: $5,696/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: Ricardo ISD
• NCES district ID: 4836930
• Math proficiency: 37% ▼ -25.00%
• Reading proficiency: 50% ▼ -9.00%
• Median HH income: $57,642
• Composite: 38.08/100
• National rank: #4280
• State rank: #277 of 826 in TX

Livability — Ricardo

• Score: 59/100
• State rank: #1151
• US rank: #20217

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ricardo, TX
• County: Kleberg County · 28,920 people
• Metro: Kingsville, TX
• Population (ZIP): 28,920
• Household income: $60,574
• Rent vs Own: 49.3% rent · 50.7% own
• Severe rent burden: 1663.0

Population outlook (Kleberg County) Hauer SSP2

• Today (2025): 31,615 people
• By 2030: 32,054 · +1.4%
• By 2040: 33,008 · +4.4%
• By 2050: 34,536 · +9.2%
• By 2075: 40,931 · +29.5%
• By 2100: 46,001 · +45.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (72%)
• Race & ethnicity: Hispanic / Latino 72% Two or more races 36% White 20% Black 3% Asian 1% Native American 1%
• Hispanic origin (detail): Mexican 67%
• Common ancestry: Italian 2% Slovak 1% Portuguese 1%
• Foreign-born: 7% · Canada, China
• Languages at home: 65% English-only · Spanish 32% Other Indo-European 1%

Political lean MEDSL · Kleberg

• 2024 margin: R (+12.7) · D 43.3% · R 56.1%
• 2008→2024 swing: -20.0pp toward R · 2008: 7.2pp · 2024: -12.7pp
• All cycles: 2024: R+12.7 2020: R+1.7 2016: D+3.7 2012: D+7.8 2008: D+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -87.12%
• Current HPI: 147.6473
• Rent YoY: ▲ 7.18%
• Metro: Kingsville, 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

+318.1% since first listed

6 events — show timeline

• 2026-01-27 Listed $125,000 CBMLS
• 2026-01-20 Listed $45,000 CBMLS
• 2025-12-19 Sold (Public Records) — Public Records
• 2025-12-17 Sold (MLS) — CBMLS
• 2025-12-02 Pending — CBMLS
• 2025-11-24 Listed $29,900 CBMLS

Property tax history

+3.3%/yr

Latest (2025): $2,134 · +10.0% YoY. Source: county tax records.