87 Lampshire · Palmview, TX 78572

$37,990

3 bd · 1.0 ba · 560 sqft · Manufactured public records · 9 Days on market

Manufactured home 55+ age-restricted Built 1984 Fair condition 5,035 sqft lot $68/sqft · 24% below area Est $50k · 24% under $27/mo HOA · 3% of rent ↓ 24% 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
• Livability +2.9/5.0
• Rent growth +2.7/5.0
• Schools +2.7/10.0
• Appreciation +2.5/10.0
• Condition / age +2.2/5.0
• Manufactured-home adj. -5.2

Listing remarks

Welcome to 87 Lampshire in Palmview, TX, located in a peaceful 55+ community! This 1-bedroom, 1-bath mobile home offers a great opportunity for buyers looking to customize and add their personal touch. The home features a functional layout with comfortable living space and is perfect for those seeking a low-maintenance lifestyle. With a little TLC and updates, this property has great potential to shine. Enjoy the quiet surroundings and community atmosphere while being conveniently located near shopping, dining, and easy access to Expressway 83. Ideal for retirees or anyone looking for an affordable home in a welcoming community.

Key facts

• 5,035 sq ft lot
• Parking
• Pool

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $38k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $428 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($941 rent vs $38k).
• Cap rate 19.8% vs local median 4.1% in Palmview — 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 57/100 on livability (#1,267 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: crime D, 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.
• Zoned schools: Leo J Leo El (math 27% / reading 32%, grade F, #2,525 of 4,322 statewide, top 62%, 372 students, 92% FRL); Memorial Middle (math 24% / reading 30%, grade F, #1,177 of 1,662 statewide, top 72%, 700 students, 84% FRL); La Joya H S (math 16% / reading 32%, grade F, #1,333 of 1,632 statewide, top 82%, 2,775 students, 92% FRL) — zoned schools average 90% FRL vs 54% district-wide (36 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 981 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $262 of loan paydown is wiped out by about $1k 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 $11k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 2y ago 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, 93% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $37,990

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is D 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: 2.48% ✓
• Cap rate: 19.81%
• Cash-on-cash: 48.27%
• DSCR: 3.15
• GRM: 3.4

CMA / ARV

• ARV (median comp): $50,036
• List price: $37,990
• Delta: -22.36%
• Verdict: UNDERPRICED
• Comps: 17 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
87 Lampshire	0.00mi	1/1.0 (-2)	560 (0%)	2mo	$37,990	$68	88
2310 Bobolink Cir E #273	0.15mi	1/1.0 (-2)	616 (+10%)	17mo	$78,500	$127	52
2509 Bobolink Cir W #242	0.23mi	1/2.0 (-2)	604 (+8%)	14mo	$79,900	$132	50
2428 Starling Cir W	0.24mi	1/1.5 (-2)	645 (+15%)	15mo	$129,900	$201	39
2511 Starling Cir W	0.28mi	1/1.0 (-2)	640 (+14%)	17mo	$86,500	$135	39
2815 Tierra Dorada Blvd	0.85mi	2/1.0 (-1)	676 (+21%)	3mo	$115,000	$170	32
2110 Tanager Ln	1.67mi	1/1.0 (-2)	720 (+29%)	7mo	$239,900	$333	24
2203 Kingfisher Ln	1.70mi	1/1.0 (-2)	480 (-14%)	10mo	$142,000	$296	23
809 S Dillion Dr S	1.97mi	2/1.0 (-1)	728 (+30%)	18mo	$126,000	$173	20
2106 Tanager Ln	1.66mi	1/1.0 (-2)	720 (+29%)	15mo	$224,900	$312	17
1716 Oasis Dr	2.09mi	2/2.0 (-1)	651 (+16%)	18mo	$87,000	$134	16
3707 Pelican Way	1.71mi	1/1.0 (-2)	480 (-14%)	19mo	$147,990	$308	15

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: 43.3%
• Equity multiple: 2.81×
• Total profit: $19,221
• Equity at exit: $5,664

10-year hold

• IRR: 48.3%
• Equity multiple: 5.18×
• Total profit: $44,458
• Equity at exit: $3,285

Cash invested: $10,637 (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: 1 active
• Median asking: $225,000 ($375/sqft)
• Median days on market: 86 d
• This list price: lowest-priced of the active set
• ARV vs active asking: -76.2% vs current asking $/sqft

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

ZIP-level market 78572

• Home prices YoY: -22.9%
• Rents YoY: 0.9%
• Active inventory: 981
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $941 medium
• Mortgage (P&I): −$199
• Tax from tax record: −$73 /mo · $880/yr
• Insurance: −$16
• HOA: −$27
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$198
• Net cashflow: $428

Break-even live

Break-even rent $399

Max offer price $37,990

Occupancy floor 50%

Sensitivity live

Price	-10% $449	-5% $439	+0% $428	+5% $417	+10% $406
Rent	-10% $354	-5% $391	+0% $428	+5% $465	+10% $502
Rate	-1.0pp $447	-0.5pp $438	base $428	+0.5pp $418	+1.0pp $408

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: $9,498
• Closing costs: $1,140
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4321 Royal Palm Dr Mission, TX	2.0	1.0	572	$800	$1.40	72d	1	0.52mi
2508 U.S. 83 Business Unit 16 Mission, TX	2.0	1.0	650	$730	$1.12	72d	1	1.31mi

Property features AI

Finance

• Other: Property on owned lotGreen energy efficient: other
• Financial info: Tax year 2025 (amounts not included per instructions)
• HOA & community: Association: Lamplight Mobile HomeAnnual association fee $325POA mandatory with $175 transfer feeSenior community

Exterior

• Parking: Total 1 parking spaceCovered carport (1 covered space, has carport; no garage)
• Security: Details not provided
• Utilities: Sewer: MUDPaved road access
• Home design: Mobile home lot (Lamplight Mobile Home)New construction: no
• Construction: Metal roofSiding, including vinyl and wood sidingBuilt on crawl space with pillar/post/pier foundationStorage structure on property
• Exterior features: WorkshopCovered patio, patio slab, screened patioCommunity pool

Interior

• Kitchen: Water heater (other type)No conveying kitchen appliances
• Bedrooms: Details not provided
• Flooring: Laminate and other
• Bathrooms: 1 full bathroom
• Heating & cooling: Details not provided
• Interior features: Laminate and other flooringLaminate countertopsMini blinds and some windows without coveringsLiving area: 1
• Laundry & utility: Laundry area with washer/dryer connections

Listing history 21 events

1. 2026-06-10
   days on market $37,990 Active 9 DOM
2. 2026-06-09
   days on market $37,990 Active 8 DOM
3. 2026-06-08
   days on market $37,990 Active 7 DOM
4. 2026-06-07
   days on market $37,990 Active 6 DOM
5. 2026-06-05
   days on market $37,990 Active 3 DOM
6. 2026-06-03
   days on market $37,990 Active 2 DOM
7. 2026-06-02
   pricedays on marketlisting id $37,990 Active 1 DOM
8. 2026-06-01
   days on market $38,850 Active 26 DOM
9. 2026-05-31
   days on market $38,850 Active 25 DOM
10. 2026-05-31
    days on market $38,850 Active 24 DOM
11. 2026-05-15
    price $39,850 636-char remark
12. 2026-05-09
    price $39,900 636-char remark
13. 2026-05-06
    listed $44,000 Active 636-char remark
14. 2026-04-20
    price $45,000
15. 2026-04-10
    listed $49,900 Active
16. 2026-04-07
    listed $75,000 Active
17. 2024-08-01
    listed $50,000 Active
18. 2009-09-24
    soldstatus
19. 2007-11-15
    soldstatus
20. 2007-11-15
    soldstatus
21. 2007-11-15
    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: $880 · $73/mo
• Projected year-2 tax: $880 · $73/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 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥112°F today · 22 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 93% 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: $11,290
• − Mortgage interest: −$2,128
• − Property taxes: −$880
• − Insurance: −$190
• − Repairs & maintenance: −$903
• − Management: −$903
• − HOA: −$324
• − Depreciation: −$1,105
• Taxable income: $4,856
• Est. tax owed @ 24.0%: −$1,166
• After-tax cash flow: $3,969/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 · 9 photos

Fair 45/100 Cosmetic rehab Est. rehab $2,800–$8,400 screening

This 1-bedroom mobile home in Palmview, TX, requires cosmetic updates to its exterior and interior, particularly in the bathroom and exterior siding. With some paint and fixture replacements, it has great potential for increased value.

Deferred maintenance Est. $50,000–$150,000 screening

• Major Roof (roof) — The roof appears to be a metal panel, which is not a common material for residential roofs and may not be structurally sound.
• Major Windows (windows) — The windows have metal bars, which may indicate they are not original and may need replacement.
• Major Electrical (electrical) — The house appears to be a manufactured home, which may have outdated electrical systems that need updating.
• Major Plumbing (plumbing) — The house appears to be a manufactured home, which may have outdated plumbing systems that need updating.
• Major Exterior (exterior) — The exterior walls appear to be made of metal panels, which may not be structurally sound and may need replacement.

Repairs flagged

• Minor Bathroom fixtures — Simple replacement of dated fixtures
• Moderate Exterior siding — Weathered siding may need repainting or replacement

Value-add opportunities

• Both Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Replace dated bathroom fixtures — Modern fixtures improve functionality and appeal ↑
• Both Paint exterior siding — Fresh paint improves curb appeal and extends siding lifespan ↑

ⓘ 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 27/100

Zoned Schools

Elementary Leo J Leo El F TX #2,525/4,322 Nat'l #26,716/41,679 Middle Memorial Middle F TX #1,177/1,662 Nat'l #9,793/14,009 High La Joya H S F TX #1,333/1,632 Nat'l #13,437/17,239

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

D Composite livability gradescore 57/100

Livability — Palmview

• Score: 57/100
• State rank: #1267
• US rank: #22043

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palmview, TX
• County: Hidalgo County · 955,232 people
• 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: 8% of renters

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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%

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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%

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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

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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

Property features AI

Finance

• Other: Property on owned lotGreen energy efficient: other
• Financial info: Tax year 2025 (amounts not included per instructions)
• HOA & community: Association: Lamplight Mobile HomeAnnual association fee $325POA mandatory with $175 transfer feeSenior community

Exterior

• Parking: Total 1 parking spaceCovered carport (1 covered space, has carport; no garage)
• Security: Details not provided
• Utilities: Sewer: MUDPaved road access
• Home design: Mobile home lot (Lamplight Mobile Home)New construction: no
• Construction: Metal roofSiding, including vinyl and wood sidingBuilt on crawl space with pillar/post/pier foundationStorage structure on property
• Exterior features: WorkshopCovered patio, patio slab, screened patioCommunity pool

Interior

• Kitchen: Water heater (other type)No conveying kitchen appliances
• Bedrooms: Details not provided
• Flooring: Laminate and other
• Bathrooms: 1 full bathroom
• Heating & cooling: Details not provided
• Interior features: Laminate and other flooringLaminate countertopsMini blinds and some windows without coveringsLiving area: 1
• Laundry & utility: Laundry area with washer/dryer connections

Price history

-24.0% since first listed

14 events — show timeline

• 2026-06-10 Sold (MLS) — MCALLENMLS
• 2026-06-01 Listed $37,990 MCALLENMLS
• 2026-05-24 Price Changed $38,850 MCALLENMLS
• 2026-05-15 Price Changed $39,850 MCALLENMLS
• 2026-05-09 Price Changed $39,900 MCALLENMLS
• 2026-05-06 Listed $44,000 MCALLENMLS
• 2026-04-20 Price Changed $45,000 MCALLENMLS
• 2026-04-10 Listed $49,900 MCALLENMLS
• 2026-04-07 Listed $75,000 MCALLENMLS
• 2024-08-01 Listed $50,000 MCALLENMLS
• 2009-09-24 Sold (Public Records) — Public Records
• 2007-11-15 Sold (Public Records) — Public Records
• 2007-11-15 Sold (Public Records) — Public Records
• 2007-11-15 Sold (Public Records) — Public Records

Property tax history

+7.3%/yr

Latest (2025): $880 · +8.6% YoY. Source: county tax records.