1234 Valle Vista St · Alamo, TX 78589

$490,000

None bd · None ba · 3,988 sqft · MultiFamily · 321 Days on market

Built 2025 Excellent condition 9,600 sqft lot $123/sqft · at area comps Est $504k · at est. $50/mo HOA · 4% of rent

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Why this score? — see what drove the D+ 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 +17.9/30.0
• ARV discount +8.7/15.0
• DSCR +5.6/10.0
• Condition / age +5.0/5.0
• 1% rule +4.9/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks MLS

Incredible investment opportunity in Alamo, TX! This brand new incomplete construction fourplex is perfectly located just minutes from the expressway, offering convenience, modern design, and strong rental potential. The building features a total of four units: two 3-bedroom, 2-bathroom units and two 2-bedroom, 2-bathroom units — all thoughtfully designed for comfortable living. Each unit offers a bright open-concept layout with modern finishes, including granite countertops, custom cabinetry, stainless steel appliances, and wood-look tile flooring throughout. Decorative tray ceilings, stylish lighting, and spacious floor plans create a high-end living experience. Don’t miss this opportunity to own a newly built income-producing property in a growing area. Schedule a tour today! (Photos shown are for illustration purposes only. Units for sale may vary slightly in layout, fixtures, or finishes.)

Key facts

• Custom cabinetry
• Modern finishes
• Granite countertops

Tags

• BRIGHT OPEN-CONCEPT LAYOUT
• MODERN FINISHES
• GRANITE COUNTERTOPS
• CUSTOM CABINETRY
• STAINLESS STEEL APPLIANCES
• WOOD-LOOK TILE FLOORING

What this means for you Summary

Snapshot

• This is a 2×3bd/2ba + 2×2bd/2ba units multifamily listed at $490k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $413 ($5k/yr) — positive. Per door: $103/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $487k (0.6% below list).
• Recommended offer: $431k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.3% vs local median 3.7% in Alamo — 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 62/100 on livability (#916 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute D+, schools D, crime F.
• Pharr-San Juan-Alamo ISD (suburban): math 18% / reading 30% proficiency, ranked #740 of 826 in TX (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 362 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% 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 $3k of loan paydown is wiped out by about $15k 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.

Negotiation context

• It's been on market 321 days — a 12% lower offer ($431k) is reasonable based on typical stale-listing flexibility.

Recommended offer $431,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 321 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. 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.
11. 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.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.99% ✗
• Cap rate: 7.30%
• Cash-on-cash: 3.61%
• DSCR: 1.16
• GRM: 8.4

CMA / ARV

• ARV (median comp): $503,866
• List price: $490,000
• Delta: -2.75%
• Verdict: FAIR
• Comps: 8 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1225 Valle Vista St	0.26mi	—/—	4,200 (+5%)	18mo	$520,000	$124	64
1309 Valle Vista St	0.26mi	—/—	4,200 (+5%)	18mo	$520,000	$124	64
1305 Valle Vista St	0.26mi	—/—	4,200 (+5%)	18mo	$520,000	$124	64

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -10.6%
• Equity multiple: 0.61×
• Total profit: $-53,018
• Equity at exit: $73,061

10-year hold

• IRR: -1.3%
• Equity multiple: 0.91×
• Total profit: $-11,906
• Equity at exit: $42,366

Cash invested: $137,200 (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 78589

• Home prices YoY: -12.1%
• Active inventory: 362
• Price-to-rent: 33.5×

Monthly cashflow live

• Estimated rent: $4,872 high
• Mortgage (P&I): −$2,570
• Tax est. 1.5%: −$612 /mo · $7,350/yr
• Insurance: −$204
• HOA: −$50
• Vacancy / Maint / Mgmt: −$1,023
• Net cashflow: $413

Break-even live

Break-even rent $4,350

Max offer price $490,000

Occupancy floor 87%

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	2	$2,440
▸ 2× units	2	2	$2,432
Total (4 units)			$4,872

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: $122,500
• Closing costs: $14,700
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
209 Rafael Dr Unit 2 San Juan, TX	3.0	2.0	4212	$1,250	$0.30	43d	1	1.24mi
209 Rafael Dr Unit 4 San Juan, TX	2.0	2.0	4212	$1,150	$0.27	43d	1	1.24mi
308 Rafael Dr Unit 4 San Juan, TX	3.0	2.0	4200	$1,250	$0.30	43d	1	1.33mi

HOA detail

• Monthly dues: $50 · $600/yr

Listing history 16 events

1. 2026-06-18
   days on market $490,000 Active 321 DOM
2. 2026-06-17
   days on market $490,000 Active 320 DOM
3. 2026-06-16
   days on market $490,000 Active 319 DOM
4. 2026-06-15
   days on market $490,000 Active 318 DOM
5. 2026-06-14
   days on market $490,000 Active 316 DOM
6. 2026-06-13
   days on market $490,000 Active 315 DOM
7. 2026-06-10
   days on market $490,000 Active 313 DOM
8. 2026-06-09
   days on market $490,000 Active 312 DOM
9. 2026-06-08
   days on market $490,000 Active 311 DOM
10. 2026-06-07
    days on market $490,000 Active 310 DOM
11. 2026-06-03
    days on market $490,000 Active 306 DOM
12. 2026-06-02
    days on market $490,000 Active 305 DOM
13. 2026-06-01
    days on market $490,000 Active 304 DOM
14. 2026-05-31
    days on market $490,000 Active 303 DOM
15. 2026-05-31
    days on market $490,000 Active 302 DOM
16. 2025-08-01
    listed $490,000 Active 919-char remark

    Show marketing remark (919 chars)

    Incredible investment opportunity in Alamo, TX! This brand new incomplete construction fourplex is perfectly located just minutes from the expressway, offering convenience, modern design, and strong rental potential. The building features a total of four units: two 3-bedroom, 2-bathroom units and two 2-bedroom, 2-bathroom units — all thoughtfully designed for comfortable living. Each unit offers a bright open-concept layout with modern finishes, including granite countertops, custom cabinetry, stainless steel appliances, and wood-look tile flooring throughout. Decorative tray ceilings, stylish lighting, and spacious floor plans create a high-end living experience. Don’t miss this opportunity to own a newly built income-producing property in a growing area. Schedule a tour today! (Photos shown are for illustration purposes only. Units for sale may vary slightly in layout, fixtures, or finishes.)

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $58,464
• − Mortgage interest: −$27,448
• − Property taxes: −$7,350
• − Insurance: −$2,450
• − Repairs & maintenance: −$4,677
• − Management: −$4,677
• − HOA: −$600
• − Depreciation: −$14,255
• Taxable loss: −$2,992
• Est. tax savings @ 24.0%: +$718
• After-tax cash flow: $5,669/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 · 3 photos

Excellent 100/100 None rehab

This brand new fourplex in Alamo, TX is move-in ready with modern design and high-end finishes, offering strong rental potential.

Schools (NCES district)

• District: Pharr-San Juan-Alamo ISD
• NCES district ID: 4834860
• Math proficiency: 18% ▼ -34.00%
• Reading proficiency: 30% ▼ -11.00%
• Median HH income: $33,757
• Composite: 19.63/100
• National rank: #8744
• State rank: #740 of 826 in TX

Livability — Alamo

• Score: 62/100
• State rank: #916
• US rank: #16356

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Alamo, TX
• City population: 34,370
• Population (ZIP): 39,958

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 (97%)
• Race & ethnicity: Hispanic / Latino 97% Two or more races 43% White 3%
• Hispanic origin (detail): Mexican 94%
• Foreign-born: 26% · Canada
• Languages at home: 18% English-only · Spanish 82%

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: ▼ -32.82%
• Current HPI: 239.3829
• 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

1 event — show timeline

• 2025-08-01 Listed $490,000 MCALLENMLS