812 W Levee St · Brownsville, TX 78520

$129,900

None bd · None ba · 1,302 sqft · SingleFamily public records · 131 Days on market

Built 1973 7,200 sqft lot $100/sqft · 58% above area Est $154k · 15% under ↓ 7% since listing

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Why this score? — see what drove the B 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 +27.1/30.0
• ARV discount +14.5/15.0
• DSCR +9.4/10.0
• 1% rule +7.1/10.0
• Rent growth +5.0/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great Investment opportunity, Older single family home converted into a duplex. Both units are 2/1, each have their separate water meter and electric meter. Perfect location close to Central Blvd. Both units are currently tenant occupied.

Key facts

• Tenant occupied
• Single family home
• Separate water meter

Tags

• SINGLE FAMILY HOME
• CONVERTED INTO A DUPLEX
• SEPARATE WATER METER
• SEPARATE ELECTRIC METER
• TENANT OCCUPIED

What this means for you Summary

Snapshot

• This is a single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $366 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.7% 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: amenities D, crime D-, employment F.
• 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.
• Zoned schools: Skinner El (math 17% / reading 27%, grade F, #3,333 of 4,322 statewide, top 80%, 333 students, 99% FRL); Pace Early College H S (math 32% / reading 33%, grade F, #1,029 of 1,632 statewide, top 64%, 1,788 students, 92% FRL).
• Market conditions: Rents rising fast (+11.4%/yr); 348 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,326 units permitted in Cameron County in 2024 (503 in 5+ unit buildings).
• This rent runs 38% of the median local income ($50k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $898 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 $36k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 131 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.

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 $114,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 131 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 1973 — 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. 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?
6. 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.
7. 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.
8. 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: 1.21% ✓
• Cap rate: 9.68%
• Cash-on-cash: 12.09%
• DSCR: 1.54
• GRM: 6.9

CMA / ARV

• ARV (median comp): $153,686
• List price: $129,900
• Delta: -15.48%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
854 W Fronton St	0.19mi	3/1.0	1,400 (+8%)	3mo	$69,900	$50	76
1555 W Saint Charles St	0.51mi	2/1.0	1,316 (+1%)	6mo	$64,900	$49	69

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: 7.1%
• Equity multiple: 1.29×
• Total profit: $10,618
• Equity at exit: $19,369

10-year hold

• IRR: 20.4%
• Equity multiple: 3.12×
• Total profit: $77,191
• Equity at exit: $11,231

Cash invested: $36,372 (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: 348
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,573 high
• Mortgage (P&I): −$681
• Tax from tax record: −$141 /mo · $1,694/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$330
• Net cashflow: $366

Break-even live

Break-even rent $1,109

Max offer price $129,900

Occupancy floor 72%

Sensitivity live

Price	-10% $440	-5% $403	+0% $366	+5% $330	+10% $293
Rent	-10% $242	-5% $304	+0% $366	+5% $429	+10% $491
Rate	-1.0pp $432	-0.5pp $400	base $366	+0.5pp $333	+1.0pp $299

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1234 W Levee St Brownsville, TX	2.0	1.0	1281	$1,500	$1.17	23d	1	0.32mi
600 Lakeside Blvd Brownsville, TX	1.0–2.0	1.0–2.0	763	$950	$1.25	16d	2	0.57mi
35 Cenizo Brownsville, TX	2.0	3.5	1404	$2,500	$1.78	46d	1	0.63mi
219 E 3rd St Brownsville, TX	2.0	1.0	900	$1,275	$1.42	46d	1	0.70mi
404 Boca Chica Blvd Brownsville, TX	2.0	2.0	1600	$1,450	$0.91	23d	1	0.83mi
401 Boca Chica Blvd Unit 505 Brownsville, TX	2.0	1.5	1152	$1,200	$1.04	46d	1	0.92mi
164 Robins Ln Brownsville, TX	2.0	2.0	1620	$2,200	$1.36	46d	1	0.96mi
34 W Hawthorne Ave Brownsville, TX	3.0	2.0	940	$1,400	$1.49	46d	1	1.03mi
234 Emerald Ln Lot 4 Brownsville, TX	3.0	2.0	1170	$1,850	$1.58	23d	1	1.08mi
913 E Jefferson St Unit D Brownsville, TX	2.0	2.0	1052	$1,400	$1.33	23d	1	1.15mi
1904 Central Blvd Brownsville, TX	1.0–3.0	1.0–2.0	1046	$888	$0.85	46d	9	1.16mi
835 E Taylor St Unit B Brownsville, TX	3.0	2.0	1150	$1,550	$1.35	46d	1	1.28mi
1405 Harvard Ave Brownsville, TX	3.0	2.0	1426	$1,700	$1.19	46d	1	1.34mi
801 Tropical Dr Unit 3 Brownsville, TX	2.0	1.5	1000	$1,500	$1.50	46d	1	1.41mi
1604 Yale Ave Brownsville, TX	3.0	1.0	1316	$1,800	$1.37	23d	1	1.45mi

Listing history 21 events

1. 2026-06-22
   days on market $129,900 Active 131 DOM
2. 2026-06-18
   days on market $129,900 Active 128 DOM
3. 2026-06-17
   days on market $129,900 Active 127 DOM
4. 2026-06-16
   pricedays on market $129,900 Active 126 DOM
5. 2026-06-15
   days on market $139,900 Active 125 DOM
6. 2026-06-14
   days on market $139,900 Active 123 DOM
7. 2026-06-13
   days on market $139,900 Active 122 DOM
8. 2026-06-10
   days on market $139,900 Active 120 DOM
9. 2026-06-09
   days on market $139,900 Active 119 DOM
10. 2026-06-08
    days on market $139,900 Active 118 DOM
11. 2026-06-07
    days on market $139,900 Active 117 DOM
12. 2026-06-05
    days on market $139,900 Active 114 DOM
13. 2026-06-03
    days on market $139,900 Active 113 DOM
14. 2026-06-02
    days on market $139,900 Active 112 DOM
15. 2026-06-01
    days on market $139,900 Active 111 DOM
16. 2026-05-31
    days on market $139,900 Active 110 DOM
17. 2026-05-30
    days on market $139,900 Active 109 DOM
18. 2026-04-17
    price $139,900 238-char remark

    Show marketing remark (238 chars)

    Great Investment opportunity, Older single family home converted into a duplex. Both units are 2/1, each have their separate water meter and electric meter. Perfect location close to Central Blvd. Both units are currently tenant occupied.

19. 2026-03-18
    price $145,000 238-char remark

    Show marketing remark (238 chars)

    Great Investment opportunity, Older single family home converted into a duplex. Both units are 2/1, each have their separate water meter and electric meter. Perfect location close to Central Blvd. Both units are currently tenant occupied.

20. 2026-02-11
    listed $149,900 Active 238-char remark

    Show marketing remark (238 chars)

    Great Investment opportunity, Older single family home converted into a duplex. Both units are 2/1, each have their separate water meter and electric meter. Perfect location close to Central Blvd. Both units are currently tenant occupied.

21. 2026-01-30
    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: $1,694 · $141/mo
• Projected year-2 tax: $2,377 · $198/mo
• Expected delta: +$684/yr (+$57/mo · 40.4%)

ⓘ 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 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: $18,880
• − Mortgage interest: −$7,276
• − Property taxes: −$1,694
• − Insurance: −$650
• − Repairs & maintenance: −$1,510
• − Management: −$1,510
• − Depreciation: −$3,779
• Taxable income: $2,461
• Est. tax owed @ 24.0%: −$591
• After-tax cash flow: $3,807/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

-6.7% since first listed

4 events — show timeline

• 2026-04-17 Price Changed $139,900 RGVMLS
• 2026-03-18 Price Changed $145,000 RGVMLS
• 2026-02-11 Listed $149,900 RGVMLS
• 2026-01-30 Sold (Public Records) — Public Records

Property tax history

+8.4%/yr

Latest (2025): $1,694 · -9.0% YoY. Source: county tax records.