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$197,000

NAL Estimated Property Value

1103 Vela Street, Alice, TX, 78332

$203,308 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,872 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$106.78 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Off-Market ListHigh Equity

About this property

**Great News for the Buyer: Seller will credit the buyer $6000 to help with closing costs or to buy down the buyer's interest rate! Welcome to one of the smartest homes in Alice! Enjoy the convenience of modern living with smart features that let you control lighting, temperature, exterior holiday lighting colors, and security cameras—all from your phone or with Alexa voice commands. This well-maintained 3-bedroom, 2-bath home features tile flooring throughout (no carpet!), sleek quartz countertops, a spacious primary suite with a walk-in closet and private bath, plus two generously sized secondary bedrooms. The fully fenced yard includes an automatic gate, allowing easy access without leaving your vehicle—perfect for rainy days. The backyard is designed for entertaining, complete with a covered outdoor kitchen and lounge, a low-maintenance fire pit area, and a workshop/shed that conveys with the property. Bonus features include a Seller paid 1-year home warranty and a custom air-conditioned doghouse and dog run, which the seller is willing to include for fellow dog lovers! The current owners have cared for the home with attention to detail and will restore all walls to excellent condition upon removal of mounted items such as art, shelving, and soundproofing materials.

Investor Tools

Property Icon
$197,000
Estimated Property Value
$197,266Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$203,307
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,199 /month
Positive
Cash Flow Estimate:
$400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$159/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$921
$118,740
2025
$882
$117,858
$118,740
No

Tax History

Year
Tax Paid
Assessed Value
2025
$921
$118,740

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Va
$199,000
Yes
First
Oct 29, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$197,266
N/A
0%
100%
$1,194/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Alice

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1103 Vela Street | Property Details | No Agent List