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$174,749

1603 Alabama Street 5, Pasadena, TX, 77503

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,387 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$126.17 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Microwave, Electric Range
FlooringWood

Exterior

Lot Size1,350 sqft

Building Information

Year Built1974
Stories2
Garage Spaces1

Land Information

APN1042280000008
Lot Number8
SubdivisionBowling Green T/H
Land UseResidential
Legal DescriptionLT 8 BLK 5 BOWLING GREEN T/H
Census Tract342400
Assessed Land Value$35,100
Assessed Improvement Value$139,649
Assessment Year2025

About this property

Don't miss this opportunity! This beautiful renovated 3-bedroom, 2.5 bath townhome is ready for move in. Granite countertops, updated backsplash, travertine floors and engineered hardwood in the entire upstairs. The first floor has a 1/2 bath, kitchen, Den, Family room, and Utility room, with access to a covered patio. All bedrooms upstairs, Primary bedroom with its own bathroom with two generous sized additional bedrooms. Great location and easy access to the Beltway. Access to community pool, 2 private parking spaces.

Investor Tools

Property Icon
$174,749
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,050 /month
Positive
Cash Flow Estimate:
$350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$387/month
$280/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,776
$174,749
2025
$35,100
$139,649
$174,749
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,776
$174,749

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lima One Capital Llc
Commercial
$208,000
No
First
Feb 22, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$191,370
N/A
0%
110%
$1,248/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,528/mo
+$194/mo
11.8%

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
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: Pasadena

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1603 Alabama Street 5 | Property Details | No Agent List