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$140,000

1603 Pena Street, Alice, TX, 78332

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,112 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$125.9 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

High Equity

About this property

Charming 2-bedroom, 1-bath home offering a functional layout and plenty of potential for the next owner. This home features comfortable living spaces with a welcoming living area and a practical floor plan that makes everyday living easy. The spacious lot provides room to expand, add outdoor features, or create your own private retreat. Whether you are looking for a primary residence, a starter home, or an investment opportunity, this property offers flexibility to fit your needs. With the ability to update and personalize, this home is a great option for someone looking to add value and make it their own. Conveniently located in Alice with access to local amenities, shopping, dining, and schools. A great opportunity to own a property with potential in an established area. Schedule your showing today and come see the possibilities this home has to offer.

Investor Tools

Property Icon
$143,000
Estimated Property Value
$0Estimated Mortgage Balance
$56,861Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$858 /month
Positive
Cash Flow Estimate:
$286 /month

Interested in this property?

isabel c. abrigo

first texas realty - alice

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$228/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,023
$76,037
2025
$3,240
$72,797
$76,037
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,023
$76,037

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending Inc
Fha
$93,279
Yes
First
Mar 16, 2022
Apr 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$86,139
$56,861
39%
60%
$560/mo

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: Alice

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1603 Pena Street | Property Details | No Agent List