126 Ebony Ave · Rio Hondo, TX 78583

$145,000

4 bd · 1.0 ba · 1,852 sqft · SingleFamily public records · 11 Days on market

Built 1963 7,500 sqft lot Est $219k · 34% under

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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 +18.1/30.0
• ARV discount +15.0/15.0
• Appreciation +8.3/10.0
• DSCR +5.7/10.0
• 1% rule +4.9/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0

Listing remarks

Welcome to 126 Ebony Avenue in Rio Hondo! This 4-bedroom, 1-bath home offers a spacious fenced backyard, detached garage with alley access and automatic roll-up door, plus a large covered carport with room for two vehicles or a boat. The detached garage also includes plumbing and potential for a workshop or extra storage. Conveniently located across from walking trails and close to Mary's Cafe, shopping, and dining. A great opportunity in a desirable location!

Key facts

• Alley access
• Fenced backyard
• Detached garage

Tags

• FENCED BACKYARD
• DETACHED GARAGE
• ALLEY ACCESS
• AUTOMATIC ROLL-UP DOOR
• LARGE COVERED CARPORT
• POTENTIAL FOR WORKSHOP

Property features AI

Finance

• HOA & community: No association

Exterior

• Parking: Detached garage; 1 garage space; Has carport; 1 carport space; 2 total covered parking spaces; 2 total parking spaces
• Utilities: Public water
• Home design: Wood siding construction
• Construction: Pillar/post/pier foundation; Shingle roof
• Exterior features: Chain link fencing; Paved road access

Interior

• Kitchen: Gas water heater; No conveying appliances
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Entrance foyer; Laminate countertops; Partial window coverings
• Laundry & utility: Laundry area with washer/dryer connection

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $128 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $144k (1.0% below list).
• Recommended offer: $144k (1.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 71/100 on livability (#305 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, amenities F, commute F.
• Rio Hondo ISD (town): math 15% / reading 28% proficiency, ranked #769 of 826 in TX (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Rio Hondo El (math 12% / reading 17%, grade F, #4,048 of 4,322 statewide, top 95%, 624 students, 86% FRL); Rio Hondo H S (math 22% / reading 42%, grade F, #1,044 of 1,632 statewide, top 66%, 507 students, 83% FRL) — zoned schools average 85% FRL vs 23% district-wide (62 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 98 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 $11k of equity ($1k loan paydown + $10k appreciation (6.6% local appreciation)).
• Cameron County population projected at +3% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (6.6% appreciation + 3.0% rent growth), your $41k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $143,517 (1.0% below list)

Questions for the listing agent

1. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.99% ✗
• Cap rate: 7.35%
• Cash-on-cash: 3.78%
• DSCR: 1.17
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $218,536
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
310 N Arroyo Blvd	0.48mi	4/2.5	2,000 (+8%)	2mo	$235,000	$118	56

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

Projected returns pro-forma

6.58% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 19.8%
• Equity multiple: 2.36×
• Total profit: $55,045
• Equity at exit: $96,489

10-year hold

• IRR: 18.9%
• Equity multiple: 4.80×
• Total profit: $154,437
• Equity at exit: $179,780

Cash invested: $40,600 (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 78583

• Home prices YoY: 3.4%
• Active inventory: 98
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,435 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$185 /mo · $2,222/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$301
• Net cashflow: $128

Break-even live

Break-even rent $1,273

Max offer price $145,000

Occupancy floor 86%

Sensitivity live

Price	-10% $210	-5% $169	+0% $128	+5% $87	+10% $46
Rent	-10% $14	-5% $71	+0% $128	+5% $184	+10% $241
Rate	-1.0pp $201	-0.5pp $165	base $128	+0.5pp $90	+1.0pp $52

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-06-18
   days on market $145,000 Active 11 DOM
2. 2026-06-17
   days on market $145,000 Active 10 DOM
3. 2026-06-16
   days on market $145,000 Active 9 DOM
4. 2026-06-15
   days on market $145,000 Active 8 DOM
5. 2026-06-14
   days on market $145,000 Active 6 DOM
6. 2026-06-13
   days on market $145,000 Active 5 DOM
7. 2026-06-10
   days on market $145,000 Active 3 DOM
8. 2026-06-09
   days on market $145,000 Active 2 DOM
9. 2026-06-09
   remarks 464-char remark
10. 2026-06-09
    listed $145,000 Active 1 DOM

ⓘ 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: $2,222 · $185/mo
• Projected year-2 tax: $2,654 · $221/mo
• Expected delta: +$432/yr (+$36/mo · 19.4%)

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥110°F today · 26 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: $17,222
• − Mortgage interest: −$8,122
• − Property taxes: −$2,222
• − Insurance: −$725
• − Repairs & maintenance: −$1,378
• − Management: −$1,378
• − Depreciation: −$4,218
• Taxable loss: −$821
• Est. tax savings @ 24.0%: +$197
• After-tax cash flow: $1,731/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: Rio Hondo ISD
• NCES district ID: 4837170
• Math proficiency: 15% ▼ -24.00%
• Reading proficiency: 28% ▼ -10.00%
• Median HH income: $36,099
• Composite: 17.78/100
• National rank: #9014
• State rank: #769 of 826 in TX

Livability — Rio Hondo

• Score: 71/100
• State rank: #305
• US rank: #6894

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rio Hondo, TX
• Population (ZIP): 5,472

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 (84%)
• Race & ethnicity: Hispanic / Latino 84% Two or more races 48% White 15%
• Hispanic origin (detail): Mexican 81%
• Common ancestry: Slovak 1% Portuguese 1% Iranian 1%
• Foreign-born: 17% · Canada
• Languages at home: 37% English-only · Spanish 63%

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: ▲ 6.58%
• Current HPI: 199.084
• 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

2 events — show timeline

• 2026-06-05 Listed $145,000 MCALLENMLS
• 2026-05-01 Sold (Public Records) — Public Records

Property tax history

+4.2%/yr

Latest (2025): $2,222 · +9.6% YoY. Source: county tax records.