106 Overview Dr · Zapata, TX 78076

$70,000

1 bd · 2.0 ba · 660 sqft · SingleFamily public records · 1000 Days on market

Built 1978 0.25 ac lot ↓ 39% 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 +25.9/30.0
• DSCR +8.7/10.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• Appreciation +6.3/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0

Listing remarks MLS

The 660 SQFT home has a comfortable living area, kitchen and eating area. The primary and only bedroom has an ensuite bathroom with an abundant counter space and a shower along with a walk in closet. Laundry area can be used as a flex space for extra entertaining, gym or an office. The metal roof and hardy exterior make home maintenance a breeze. All of the furniture can come with the home! Schedule your tour today!

Key facts

• 0.25 acre lot
• 4 parking spots
• Built 1978

What this means for you Summary

Snapshot

• This is a 1-bed/2.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $172 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($800 rent vs $70k).
• Recommended offer: $62k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#903 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D, schools F, amenities F.
• Zapata County ISD (town): math 21% / reading 24% proficiency, ranked #767 of 826 in TX (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 92 active listings in the ZIP.

Forward outlook

• In year one you build about $2k of equity ($484 loan paydown + $2k appreciation (2.6% local appreciation)).
• Zapata County population projected to shrink 3% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (2.6% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 1000 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $45k (39%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 65% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $61,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 1000 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
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: 1.14% ✓
• Cap rate: 9.24%
• Cash-on-cash: 10.52%
• DSCR: 1.47
• GRM: 7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.61% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 16.4%
• Equity multiple: 1.92×
• Total profit: $17,936
• Equity at exit: $29,943

10-year hold

• IRR: 18.3%
• Equity multiple: 3.57×
• Total profit: $50,337
• Equity at exit: $44,988

Cash invested: $19,600 (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 78076

• Home prices YoY: 2.3%
• Active inventory: 92
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $800 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$64 /mo · $768/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$168
• Net cashflow: $172

Break-even live

Break-even rent $583

Max offer price $70,000

Occupancy floor 74%

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $70,000 Active 1000 DOM
2. 2026-06-17
   days on market $70,000 Active 999 DOM
3. 2026-06-16
   days on market $70,000 Active 998 DOM
4. 2026-06-15
   days on market $70,000 Active 997 DOM
5. 2026-06-15
   days on market $70,000 Active 996 DOM
6. 2026-06-13
   days on market $70,000 Active 995 DOM
7. 2026-06-12
   days on market $70,000 Active 994 DOM
8. 2026-06-09
   days on market $70,000 Active 991 DOM
9. 2026-06-08
   days on market $70,000 Active 990 DOM
10. 2026-06-08
    days on market $70,000 Active 989 DOM
11. 2026-06-07
    days on market $70,000 Active 988 DOM
12. 2026-06-03
    days on market $70,000 Active 985 DOM
13. 2026-06-02
    days on market $70,000 Active 984 DOM
14. 2026-06-01
    days on market $70,000 Active 983 DOM
15. 2026-05-31
    days on market $70,000 Active 982 DOM
16. 2026-05-04
    price $70,000 419-char remark

    Show marketing remark (419 chars)

    The 660 SQFT home has a comfortable living area, kitchen and eating area. The primary and only bedroom has an ensuite bathroom with an abundant counter space and a shower along with a walk in closet. Laundry area can be used as a flex space for extra entertaining, gym or an office. The metal roof and hardy exterior make home maintenance a breeze. All of the furniture can come with the home! Schedule your tour today!

17. 2025-08-28
    price $99,000 419-char remark

    Show marketing remark (419 chars)

    The 660 SQFT home has a comfortable living area, kitchen and eating area. The primary and only bedroom has an ensuite bathroom with an abundant counter space and a shower along with a walk in closet. Laundry area can be used as a flex space for extra entertaining, gym or an office. The metal roof and hardy exterior make home maintenance a breeze. All of the furniture can come with the home! Schedule your tour today!

18. 2023-09-22
    listed $115,000 Active 419-char remark

    Show marketing remark (419 chars)

    The 660 SQFT home has a comfortable living area, kitchen and eating area. The primary and only bedroom has an ensuite bathroom with an abundant counter space and a shower along with a walk in closet. Laundry area can be used as a flex space for extra entertaining, gym or an office. The metal roof and hardy exterior make home maintenance a breeze. All of the furniture can come with the home! Schedule your tour today!

19. 2023-02-11
    listed Active
20. 2019-12-16
    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: $768 · $64/mo
• Projected year-2 tax: $1,281 · $107/mo
• Expected delta: +$513/yr (+$43/mo · 66.7%)

ⓘ 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 7/10 Severe
• 🌡 Heat 9/10 Extreme 7 d/yr ≥112°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 65% 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: $9,602
• − Mortgage interest: −$3,921
• − Property taxes: −$768
• − Insurance: −$350
• − Repairs & maintenance: −$768
• − Management: −$768
• − Depreciation: −$2,036
• Taxable income: $990
• Est. tax owed @ 24.0%: −$238
• After-tax cash flow: $1,825/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: Zapata County ISD
• NCES district ID: 4846710
• Math proficiency: 21% ▼ -23.00%
• Reading proficiency: 24% ▼ -11.00%
• Median HH income: $30,189
• Composite: 18.09/100
• National rank: #8974
• State rank: #767 of 826 in TX

Livability — Zapata

• Score: 62/100
• State rank: #903
• US rank: #16191

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: Zapata, TX
• Population (ZIP): 13,085

Population outlook (Zapata County) Hauer SSP2

• Today (2025): 14,795 people
• By 2030: 14,837 · +0.3%
• By 2040: 14,759 · -0.2%
• By 2050: 14,316 · -3.2%
• By 2075: 11,647 · -21.3%
• By 2100: 7,265 · -50.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (94%)
• Race & ethnicity: Hispanic / Latino 94% Two or more races 52% White 5%
• Hispanic origin (detail): Mexican 89%
• Foreign-born: 23% · Canada, Vietnam
• Languages at home: 16% English-only · Spanish 84% Vietnamese 1%

Political lean MEDSL · Zapata

• 2024 margin: Strong R (+22.4) · D 38.5% · R 61.0%
• 2008→2024 swing: -58.0pp toward R · 2008: 35.6pp · 2024: -22.4pp
• All cycles: 2024: R+22.4 2020: R+5.3 2016: D+32.8 2012: D+43.2 2008: D+35.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.61%
• Current HPI: 117.0315
• 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

-39.1% since first listed

5 events — show timeline

• 2026-05-04 Price Changed $70,000 Unlock MLS
• 2025-08-28 Price Changed $99,000 Unlock MLS
• 2023-09-22 Listed $115,000 Unlock MLS
• 2023-02-11 Listed — Unlock MLS
• 2019-12-16 Sold (Public Records) — Public Records

Property tax history

+2.2%/yr

Latest (2025): $768 · -2.2% YoY. Source: county tax records.