902 E Monroe St · Brownsville, TX 78520

$145,000

None bd · None ba · 1,970 sqft · SingleFamily public records · 71 Days on market

Built 1950 6,000 sqft lot $74/sqft · 73% above area Est $117k · 24% over

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• Rent growth +5.0/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located historic downtown Brownsville, this unique investment property offers incredible income potential with three separate rentable units on one lot. The property features two homes, each with its own water and electric meter. The front home has been converted into a duplex. One side offers a cozy efficiency layout with an open kitchen, living/sleeping area, bathroom, and closet. The second unit in the front home boasts a spacious living room, separate bedroom, full kitchen, bathroom, as well as a dedicated storage room and laundry area. The rear home serves as the third unit and features two bedrooms, a comfortable living room, full kitchen, bathroom, and its own laundry space. Two of the three units are currently tenant-occupied, providing immediate income for the next owner. With its prime location, separate utilities, and versatile layout, this property offers plenty of upside for investors or those looking to expand their rental portfolio.

Key facts

• 6,000 sq ft lot
• Built 1950
• Listed 71 days

What this means for you Summary

Snapshot

• This is a single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $488 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $136k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.9% vs local median 5.0% in Brownsville — 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 79/100 on livability (#62 in TX, #2,311 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools C-, amenities D, crime D-.
• Brownsville ISD (urban): math 20% / reading 34% proficiency, ranked #710 of 826 in TX (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 83% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+11.4%/yr); 346 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 2,326 units permitted in Cameron County in 2024 (503 in 5+ unit buildings).
• At $1,957/mo this rent would consume 47% of the median local household income ($50k/yr) (locally 1800% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Cameron County population projected at +3% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $41k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 71 days — a 6% lower offer ($136k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $136,300 (6.0% below list)

Questions for the listing agent

1. It's been on market 71 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.35% ✓
• Cap rate: 10.88%
• Cash-on-cash: 16.40%
• DSCR: 1.73
• GRM: 6.2

CMA / ARV

• ARV (median comp): $116,693
• List price: $145,000
• Delta: 24.26%
• Verdict: OVERPRICED
• Comps: 3 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
410 E Saint Francis St	0.56mi	3/1.0	1,702 (-14%)	9mo	$79,900	$47	44

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 10.6%
• Equity multiple: 1.44×
• Total profit: $18,007
• Equity at exit: $21,620

10-year hold

• IRR: 23.5%
• Equity multiple: 3.54×
• Total profit: $103,047
• Equity at exit: $12,537

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 78520

• Home prices YoY: -19.8%
• Rents YoY: 11.4%
• Active inventory: 346
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,957 high
• Mortgage (P&I): −$760
• Tax from tax record: −$170 /mo · $2,042/yr
• Insurance: −$60
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$411
• Net cashflow: $488

Break-even live

Break-even rent $1,339

Max offer price $145,000

Occupancy floor 70%

Sensitivity live

Price	-10% $570	-5% $529	+0% $488	+5% $447	+10% $406
Rent	-10% $334	-5% $411	+0% $488	+5% $566	+10% $643
Rate	-1.0pp $561	-0.5pp $525	base $488	+0.5pp $451	+1.0pp $412

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: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1500 E Madison St Unit 1512 Brownsville, TX	2.0	2.0	1700	$2,200	$1.29	14d	1	0.40mi
1500 E Madison St Unit 1506 Brownsville, TX	3.0	3.0	2313	$2,450	$1.06	14d	1	0.40mi
30 W Monroe St Brownsville, TX	3.0	2.0	2191	$1,500	$0.68	21d	1	0.63mi
2024 E 19th St Brownsville, TX	3.0	1.0	1259	$2,000	$1.59	21d	1	1.00mi
35 Cenizo Brownsville, TX	2.0	3.5	1404	$2,500	$1.78	44d	1	1.00mi
164 Robins Ln Brownsville, TX	2.0	2.0	1620	$2,200	$1.36	44d	1	1.18mi
1234 W Levee St Brownsville, TX	2.0	1.0	1281	$1,500	$1.17	21d	1	1.44mi

Listing history 8 events

1. 2026-06-13
   statusdays on market $145,000 Pending 71 DOM
2. 2026-06-03
   days on market $145,000 Active 70 DOM
3. 2026-06-02
   days on market $145,000 Active 69 DOM
4. 2026-06-01
   days on market $145,000 Active 68 DOM
5. 2026-05-31
   days on market $145,000 Active 67 DOM
6. 2026-05-30
   days on market $145,000 Active 66 DOM
7. 2026-03-20
   listed $145,000 Active 961-char remark

   Show marketing remark (961 chars)

   Located historic downtown Brownsville, this unique investment property offers incredible income potential with three separate rentable units on one lot. The property features two homes, each with its own water and electric meter. The front home has been converted into a duplex. One side offers a cozy efficiency layout with an open kitchen, living/sleeping area, bathroom, and closet. The second unit in the front home boasts a spacious living room, separate bedroom, full kitchen, bathroom, as well as a dedicated storage room and laundry area. The rear home serves as the third unit and features two bedrooms, a comfortable living room, full kitchen, bathroom, and its own laundry space. Two of the three units are currently tenant-occupied, providing immediate income for the next owner. With its prime location, separate utilities, and versatile layout, this property offers plenty of upside for investors or those looking to expand their rental portfolio.

8. 2009-04-14
   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: $2,042 · $170/mo
• Projected year-2 tax: $2,654 · $221/mo
• Expected delta: +$612/yr (+$51/mo · 30.0%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 77% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 26 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,479
• − Mortgage interest: −$8,122
• − Property taxes: −$2,042
• − Insurance: −$1,522
• − Repairs & maintenance: −$1,878
• − Management: −$1,878
• − Depreciation: −$4,218
• Taxable income: $3,818
• Est. tax owed @ 24.0%: −$916
• After-tax cash flow: $4,943/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: Brownsville ISD
• NCES district ID: 4811680
• Math proficiency: 20% ▼ -36.00%
• Reading proficiency: 34% ▼ -13.00%
• Median HH income: $30,490
• Composite: 21.8/100
• National rank: #8249
• State rank: #710 of 826 in TX

Livability — Brownsville

• Score: 79/100
• State rank: #62
• US rank: #2311

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Brownsville, TX
• County: Cameron County · 310,734 people
• City population: 212,132
• Metro: Brownsville-Harlingen, TX
• Population (ZIP): 64,740
• Household income: $50,116
• Rent vs Own: 39.8% rent · 60.2% own
• Severe rent burden: 1800.0

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 (93%)
• Race & ethnicity: Hispanic / Latino 93% Two or more races 44% White 6%
• Hispanic origin (detail): Mexican 88%
• Foreign-born: 26% · Canada
• Languages at home: 18% English-only · Spanish 82%

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: ▼ -52.91%
• Current HPI: 214.4335
• Rent YoY: ▲ 11.41%
• Metro: Brownsville-Harlingen, 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

2 events — show timeline

• 2026-03-20 Listed $145,000 RGVMLS
• 2009-04-14 Sold (Public Records) — Public Records

Property tax history

+1.5%/yr

Latest (2025): $2,042 · -13.2% YoY. Source: county tax records.