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$283,000

204 Fm 1183, Alma, TX, 75119

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths650 Sq Ft
RanchRanch
Year BuiltBuilt in 1970

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size20 acres

Building Information

Year Built2010
Stories1

Land Information

APN03.0308.000.016.00.103
SubdivisionWm Dixon
Land UseResidential
Legal Description308 WM DIXON 20.00 ACRES
Census Tract061700
Assessed Land Value$2,450
Assessed Improvement Value$139,055
Assessment Year2025

About this property

SELLER MAY FINANCE with 30 percent down.. Great opportunity to own lightly restricted land, ready to keep cows, horses or other livestock. ZERO FLOODPLAN. Build your dream home. There is a house on the property that is in need of repair. No value has been given to the structures. Minutes from US 287 and I45. POND! FENCED. DRONE VIDEO AVAILABLE

Investor Tools

Property Icon
$283,000
Estimated Property Value
$172,000Estimated Mortgage Balance
$124,459Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,310 /month
Positive
Cash Flow Estimate:
$770 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$338/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,643
$141,505
2025
$2,450
$139,055
$539,055
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,643
$141,505

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citizens National Bank Of Texas
Conventional
$172,000
No
First
Mar 22, 2022
Apr 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$158,541
$124,459
43%
56%
$1,032/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,032/mo
+$940/mo
8.4%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Alma

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204 Fm 1183 | Property Details | No Agent List