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$65,000

203 E 2nd St, Weslaco, TX, 78596

$84,500 ARVInfo
On MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,459 Sq Ft
price_per_sqft$44.55 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

BankruptcyMust-SellDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Water Heater
FlooringLaminate, Tile

Exterior

Exterior FeaturesOther
Lot Size5,188 sqft

Building Information

Year Built1953
Stories2
Roof Type105

Land Information

APNW2300-00-00C-0010-00
Lot Number11
SubdivisionWeslaco Original Townsite - Swl
Land UseResidential
Legal DescriptionWESLACO ORIGINAL TOWNSITE BLK C LTS E38' OF 10-11 EXC N3.5'-LOT 11
Census Tract022600
Assessed Land Value$40,199
Assessed Improvement Value$77,051
Assessment Year2025

About this property

HUGE REDUCTION! This Nice & Cozy ready for your personal touch. This 3 bedroom 1 bath 2 story home features downstairs primary bedroom with adjacent bathroom. Vision and renovation will make this a wonderful home. It is situated near downtown area. All showings through Showings.com This is a Fannie Mae HomePath Property. First Time Buyers, complete the HomePath Ready Buyer homeownership course on Homepath.com. Attach certificate to offer up to 3% closing costs assistance. Check HomePath.com for more details. Restrictions apply. Seller has directed that all offers on this listing be made online via homepath.com. Please go to homepath to make an offer. Please call to confirm property is still available. You will find "Tips for presenting an Offer" posted in Documents. Please schedule all showings through Showings.com.

Investor Tools

$1,514Estimated Mortgage Balance
$198,486Estimated Equity
99% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$84,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month

Interested in this property?

Francisco Rivas

RE/MAX Platinum

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$272/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,261
$107,110
2025
$40,199
$77,051
$117,250
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,261
$107,110

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mercedes National Bank
Unknown
$3,300
No
First
Jan 6, 2006
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,514
$198,486
99%
1%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,260/mo
N/A
+$1,260/mo
7.6%

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: Weslaco

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203 E 2nd St | Property Details | No Agent List