CashFlowRE
Sign in Sign up
2808 Delta Rd Multi-family
F Composite 26.96
Why this score? — see what drove the F 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).

  • ARV discount +8.0/15.0
  • Condition / age +5.0/5.0
  • Appreciation +4.7/10.0
  • Livability +3.6/5.0
  • Schools +3.2/10.0
  • Rent growth +2.5/5.0
  • Cash flow +0.0/30.0
  • 1% rule +0.0/10.0
  • DSCR +0.0/10.0

$479,000

2808 Delta Rd · Weslaco, TX 78596
None bd · None ba · 3,726 sqft · MultiFamily · 162 Days on market
Built 2027 Excellent condition 8,915 sqft lot $129/sqft · at area comps Est $484k · at est.

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Multi-family units

County records classify this as Multi-Family (2-4 Unit).

Listing remarks

Start building your investment portfolio today with this new construction fourplex located in Weslaco’s newest gated community, Dominions Subdivision. Situated in a perfect location right of Highway 83, in between of N Midway Road and Milano Road with close proximity to an array of dining, shopping, and entertainment options. Consists of two separate buildings, each building will consist of 3bed/2bath and 2bed/2bath units, this Fourplex presents a compelling opportunity for a lucrative return on investment. Take the first step toward securing this amazing investment property!

Key facts

  • Gated community
  • New construction
  • 8,915 sq ft lot

Tags

NEW CONSTRUCTIONGATED COMMUNITYCLOSE PROXIMITY TO DININGCLOSE PROXIMITY TO SHOPPINGTWO SEPARATE BUILDINGS

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a multifamily listed at $479k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $-2k ($-28k/yr) — negative.
  • To cash-flow at today's rent, offer at most $143k (70.2% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $125k (73.9% below list).
  • Recommended offer: $125k (73.9% below list) — sets the bar for 1% rule.
  • Cap rate 0.5% vs local median 4.0% in Weslaco — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

  • Location reads 72/100 on livability (#277 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D+, crime F, amenities F.
  • Weslaco ISD (suburban): math 23% / reading 31% proficiency, ranked #705 of 826 in TX (top 85%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
  • Zoned schools: Sam Houston El (math 22% / reading 37%, grade F, #2,525 of 4,322 statewide, top 62%, 745 students, 87% FRL); Central Middle (math 33% / reading 40%, grade F, #786 of 1,662 statewide, top 48%, 974 students, 70% FRL); Weslaco H S (math 25% / reading 33%, grade F, #1,147 of 1,632 statewide, top 71%, 2,553 students, 73% FRL) — zoned schools average 77% FRL vs 59% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: 919 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 117d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% 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

  • In year one you build about $514 of equity ($3k loan paydown + $-3k appreciation (-0.6% local appreciation)).
  • 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 162 days — a 12% lower offer ($422k) is reasonable based on typical stale-listing flexibility.
  • 3 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.
Recommended offer $125,000 (73.9% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 162 days. Have you received any prior offers? Is the seller open to a 74% concession, seller financing, or rate buy-down credit?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  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. 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?
  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 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
0.26%
Cap rate
0.47%
Cash-on-cash
-20.78%
DSCR
0.08
GRM
31.9

CMA / ARV

ARV (median comp)
$484,241
List price
$479,000
Delta
-1.08%
Verdict
FAIR
Comps
17 within 1.0 mi
Show comp detail 11 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
2900 Delta Rd 0.00mi —/— 3,726 (0%) 4mo $479,000 $129 96
604 Dominion Dr 0.06mi —/— 3,802 (+2%) 4mo $479,000 $126 90
2909 Charlie Rd 0.06mi —/— 3,802 (+2%) 6mo $479,000 $126 89
412 Sparrow Rd 0.22mi —/— 4,080 (+10%) 2mo $489,000 $120 72
605 Sparrow Rd 0.14mi —/— 4,080 (+10%) 9mo $485,000 $119 70
513 Sparrow Rd 0.17mi —/— 4,080 (+10%) 8mo $485,000 $119 70
705 Sparrow Rd 0.21mi —/— 4,080 (+10%) 12mo $495,000 $121 64
2701 Woodpecker Rd 0.22mi —/— 4,080 (+10%) 13mo $535,000 $131 63
2705 Woodpecker Rd 0.24mi —/— 4,080 (+10%) 13mo $535,000 $131 62
801 Sparrow Rd 0.21mi —/— 4,080 (+10%) 18mo $510,000 $125 60
2609 Woodpecker Rd 0.23mi —/— 4,198 (+13%) 24mo $495,000 $118 48

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

Projected returns pro-forma

-0.58% appreciation · 3.0% rent growth · sell at horizon

5-year hold
IRR
-30.5%
Equity multiple
-0.30×
Total profit
$-174,931
Equity at exit
$125,258
10-year hold
IRR
-24.2%
Equity multiple
-1.19×
Total profit
$-294,207
Equity at exit
$139,930

Cash invested: $134,120 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
24 active · 2 under contract
Months of supply
48.0 mo (2%/mo absorbed)
Median asking
$499,000 ($114/sqft)
Median days on market
101 d
This list price
25% of active listings are priced below it
ARV vs active asking
+14.4% above current asking $/sqft

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

ZIP-level market 78596

Home prices YoY
-0.2%
Active inventory
919
Price-to-rent
31.9×

Monthly cashflow live

Estimated rent
$1,250 medium interval (Pro) →
Mortgage (P&I)
$2,512
Tax est. 1.5%
$599 /mo · $7,185/yr
Insurance
$200
HOA
$0
Vacancy / Maint / Mgmt
$262
Net cashflow
$-2,323

Break-even live

Break-even rent $4,190
Max offer price $142,893
Occupancy floor

Sensitivity live

Price -10% $-1,992 -5% $-2,157 +0% $-2,323 +5% $-2,488 +10% $-2,654
Rent -10% $-2,422 -5% $-2,372 +0% $-2,323 +5% $-2,273 +10% $-2,224
Rate -1.0pp $-2,082 -0.5pp $-2,201 base $-2,323 +0.5pp $-2,447 +1.0pp $-2,573

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
$119,750
Closing costs
$14,370
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
503 Sparrow Rd Unit 1 Weslaco, TX 2.0 2.0 1000 $1,300 $1.30 117d 1 0.07mi
503 Sparrow Rd Unit 1 Weslaco, TX 2.0 2.0 1000 $1,350 $1.35 6d 1 0.07mi
408 Sparrow Rd #4 Weslaco, TX 3.0 2.0 1185 $1,400 $1.18 110d 1 0.08mi
408 Sparrow Rd #4 Weslaco, TX 3.0 2.0 1185 $1,350 $1.14 6d 1 0.08mi
408 Sparrow Rd Unit 2 Weslaco, TX 1.0 1.0 855 $1,150 $1.35 62d 1 0.08mi
412 Sparrow Rd Unit 1 Weslaco, TX 2.0 2.0 1020 $1,250 $1.23 119d 1 0.08mi
2900 Charlie Rd Unit A Weslaco, TX 3.0 2.0 860 $1,250 $1.45 6d 1 0.11mi
2813 Bravo Rd Unit B Weslaco, TX 3.0 2.0 1000 $1,250 $1.25 6d 1 0.13mi
2613 Mockingbird Rd Unit D Weslaco, TX 2.0 2.0 973 $1,200 $1.23 139d 1 0.15mi
2608 Mockingbird Rd Unit 4 Weslaco, TX 3.0 2.0 1183 $1,380 $1.17 117d 1 0.17mi
2705 Woodpecker Rd Unit 2 Weslaco, TX 2.0 2.0 1020 $1,200 $1.18 119d 1 0.22mi
2609 Woodpecker Rd Unit 3 Weslaco, TX 3.0 2.0 1068 $1,250 $1.17 6d 1 0.25mi
2609 Woodpecker Rd Unit 1 Weslaco, TX 2.0 2.0 1020 $1,250 $1.23 119d 1 0.25mi
2605 Woodpecker Rd Unit 4 Weslaco, TX 3.0 2.0 1183 $1,300 $1.10 119d 1 0.25mi
2605 Woodpecker Rd Unit 1 Weslaco, TX 2.0 2.0 1068 $1,250 $1.17 0d 1 0.25mi
2605 Woodpecker Rd Unit 4 Weslaco, TX 3.0 2.0 1183 $1,350 $1.14 5d 1 0.25mi
2604 Woodpecker Rd Unit 2 Weslaco, TX 2.0 2.0 1068 $1,200 $1.12 110d 1 0.27mi
700 Oriole Rd #2 Weslaco, TX 2.0 2.0 1020 $1,250 $1.23 139d 1 0.27mi
2509 Woodpecker Rd Unit 4 Weslaco, TX 3.0 2.0 1209 $1,350 $1.12 6d 1 0.29mi
800 Oriole Rd Unit 3 Weslaco, TX 2.0 2.0 1020 $1,200 $1.18 6d 1 0.30mi
800 Oriole Rd Unit 4 Weslaco, TX 3.0 2.0 1185 $1,350 $1.14 6d 1 0.30mi
3707 U.S. 83 Business Unit 431 Donna, TX 3.0 2.0 960 $799 $0.83 119d 1 0.31mi
3707 U.S. 83 Business Unit 464 Donna, TX 3.0 2.0 960 $799 $0.83 62d 1 0.31mi
3707 U.S. 83 Business Unit 419 Donna, TX 3.0 2.0 960 $824 $0.86 6d 1 0.31mi
3707 U.S. 83 Business Unit 333 Donna, TX 3.0 2.0 960 $899 $0.94 139d 1 0.31mi
3707 U.S. 83 Business Unit 340 Donna, TX 3.0 2.0 960 $799 $0.83 6d 1 0.31mi
3707 U.S. 83 Business Unit 442 Donna, TX 3.0 2.0 960 $799 $0.83 139d 1 0.31mi
3086 Briggs Rd Unit B Midway South, TX 2.0 3.0 1050 $1,300 $1.24 119d 1 0.32mi
3208 Briggs Rd #3 Weslaco, TX 2.0 2.0 868 $1,200 $1.38 6d 1 0.32mi
3099 Briggs Rd Weslaco, TX 2.0 2.0 995 $1,200 $1.21 62d 1 0.35mi
3056 Stark Rd Unit 4 WESLACO, TX 3.0 2.0 1137 $1,300 $1.14 6d 1 0.39mi
602 N Victoria Rd Donna, TX 3.0 2.0 1033 $1,431 $1.39 62d 1 0.58mi
2101 W Business 83 Unit 83 Weslaco, TX 2.0 2.0 $925 139d 1 0.64mi
1430 Mile 6 1/2 W Unit 101 Weslaco, TX 1.0 1.0 $729 139d 1 0.65mi
1430 Mile 6 1/2 W Unit 6 1/2 Weslaco, TX 2.0 2.0 850 $877 $1.03 139d 1 0.65mi
2101 W Business 83 Unit 103 Weslaco, TX 3.0 2.0 $1,060 139d 1 0.69mi
2101 W Business 83 Unit 101 Weslaco, TX 1.0 1.0 $778 139d 1 0.69mi
3031 W Mile 7 N Weslaco, TX 3.0 2.0 $1,300 119d 1 0.78mi
222 S Westgate Dr Apt 6 Weslaco, TX 1.0 1.0 700 $680 $0.97 139d 1 0.88mi
222 S Westgate Dr Weslaco, TX 1.0 1.0 650 $670 $1.03 139d 1 0.88mi

Property features AI

Finance

Other
Lot approximately 0.2047 acres (dimensions about 115 x 54.45)Living area source: blueprintsOutbuilding: none
HOA & community
No HOACommunity features include curbs, gated access, and sidewalksCommunity contains 2 units

Exterior

Parking
8 total parking spaces8 covered spaces8-car carportAttached parking
Security
Gated community
Utilities
City sewerMultiple water meters (5)
Home design
Single-family propertyEntry from street
Construction
Stucco and wood siding exteriorShingle roofSlab foundationBuilt area approximately 3,726 total square feet
Exterior features
BBQ pit/grillCovered patioPatio slabPatioPrivacy fencingCurb and guttersSidewalksSprinkler systemPaved road access

Interior

Kitchen
DishwasherMicrowaveRefrigeratorStove/RangeElectric water heater
Flooring
Hardwood
Heating & cooling
Central heatingCentral air conditioningSmoke detectors
Interior features
Ceiling fansWalk-in closets
Laundry & utility
Laundry area with washer/dryer connections

Listing history 50 events

  1. 2026-09-24
    days on market $479,000 Active 162 DOM
  2. 2026-09-23
    days on market $479,000 Active 161 DOM
  3. 2026-09-21
    days on market $479,000 Active 159 DOM
  4. 2026-09-20
    days on market $479,000 Active 158 DOM
  5. 2026-09-19
    days on market $479,000 Active 157 DOM
  6. 2026-09-19
    days on market $479,000 Active 156 DOM
  7. 2026-09-17
    days on market $479,000 Active 155 DOM
  8. 2026-09-17
    days on market $479,000 Active 154 DOM
  9. 2026-09-16
    days on market $479,000 Active 153 DOM
  10. 2026-09-14
    days on market $479,000 Active 152 DOM
  11. 2026-09-13
    days on market $479,000 Active 151 DOM
  12. 2026-09-12
    days on market $479,000 Active 150 DOM
  13. 2026-09-11
    days on market $479,000 Active 149 DOM
  14. 2026-09-05
    days on market $479,000 Active 143 DOM
  15. 2026-09-04
    days on market $479,000 Active 142 DOM
  16. 2026-09-03
    days on market $479,000 Active 141 DOM
  17. 2026-09-02
    days on market $479,000 Active 140 DOM
  18. 2026-08-29
    days on market $479,000 Active 136 DOM
  19. 2026-08-28
    days on market $479,000 Active 135 DOM
  20. 2026-08-27
    days on market $479,000 Active 134 DOM
  21. 2026-08-25
    days on market $479,000 Active 132 DOM
  22. 2026-08-24
    days on market $479,000 Active 131 DOM
  23. 2026-08-23
    days on market $479,000 Active 130 DOM
  24. 2026-08-22
    days on market $479,000 Active 129 DOM
  25. 2026-08-21
    days on market $479,000 Active 128 DOM
  26. 2026-08-20
    days on market $479,000 Active 127 DOM
  27. 2026-08-19
    days on market $479,000 Active 126 DOM
  28. 2026-08-18
    days on market $479,000 Active 125 DOM
  29. 2026-08-17
    days on market $479,000 Active 124 DOM
  30. 2026-08-16
    days on market $479,000 Active 123 DOM
  31. 2026-08-15
    days on market $479,000 Active 122 DOM
  32. 2026-08-13
    days on market $479,000 Active 120 DOM
  33. 2026-08-12
    days on market $479,000 Active 119 DOM
  34. 2026-08-11
    days on market $479,000 Active 118 DOM
  35. 2026-08-10
    days on market $479,000 Active 117 DOM
  36. 2026-08-09
    days on market $479,000 Active 116 DOM
  37. 2026-08-08
    days on market $479,000 Active 115 DOM
  38. 2026-08-07
    days on market $479,000 Active 114 DOM
  39. 2026-08-06
    days on market $479,000 Active 113 DOM
  40. 2026-08-05
    days on market $479,000 Active 112 DOM
  41. 2026-08-04
    days on market $479,000 Active 111 DOM
  42. 2026-08-03
    days on market $479,000 Active 110 DOM
  43. 2026-07-31
    days on market $479,000 Active 107 DOM
  44. 2026-07-30
    days on market $479,000 Active 106 DOM
  45. 2026-07-29
    days on market $479,000 Active 105 DOM
  46. 2026-07-27
    days on market $479,000 Active 103 DOM
  47. 2026-07-26
    days on market $479,000 Active 102 DOM
  48. 2026-07-24
    days on market $479,000 Active 100 DOM
  49. 2026-07-23
    days on market $479,000 Active 99 DOM
  50. 2026-07-22
    days on market $479,000 Active 98 DOM

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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$15,000
− Mortgage interest
−$26,831
− Property taxes
−$7,185
− Insurance
−$2,395
− Repairs & maintenance
−$1,200
− Management
−$1,200
− Depreciation
−$13,935
Taxable loss
−$37,746
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$9,059
After-tax cash flow
$-18,814/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 · 8 photos

Excellent 100/100 None rehab

This new construction fourplex in Dominions Subdivision is move-in ready with no visible signs of wear or damage. It offers a compelling opportunity for a lucrative return on investment.

F Composite school gradezoned avg 32/100

Zoned Schools

Elementary Sam Houston El F TX #2,525/4,322 Nat'l #26,716/41,679 Middle Central Middle F TX #786/1,662 Nat'l #7,065/14,009 High Weslaco H S F TX #1,147/1,632 Nat'l #11,621/17,239

Schools (NCES district)

District
Weslaco ISD
NCES district ID
4844960
Math proficiency
23% ▼ -29.00%
Reading proficiency
31% ▼ -9.00%
Median HH income
$32,867
Composite
22.05/100
National rank
#8196
State rank
#705 of 826 in TX
B Composite livability gradescore 72/100

Livability — Weslaco

Score
72/100
State rank
#277
US rank
#6469

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Weslaco, TX
County
Hidalgo · 955,232 people
Metro
McAllen-Edinburg-Mission, TX
Population (ZIP)
38,942
Household income
$53,797
Rent vs Own
35.5% rent · 64.5% own
Severe rent burden
11% of renters

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 (86%)
Race & ethnicity
Hispanic / Latino 86% Two or more races 38% White 13%
Hispanic origin (detail)
Mexican 82%
Common ancestry
Slovak 1%
Foreign-born
17% · Canada
Languages at home
27% English-only · Spanish 72%

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

Price history

+7.6% since first listed
5 events — show timeline
  • 2026-04-15 Listed $479,000 MCALLENMLS
  • 2025-11-17 Price Changed $479,000 MCALLENMLS
  • 2025-04-14 Listed $480,000 MCALLENMLS
  • 2024-04-02 Price Changed $480,000 MCALLENMLS
  • 2024-03-29 Listed $445,000 MCALLENMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…