$1,500
3005 Old Alice Rd Apt 500b, BROWNSVILLE, TX, 78521
On Market
Just Added
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
AppliancesCooktop
Exterior
Building Information
Year Built1974
Stories1
Roof Type114
Land Information
APN04-2300-0500-0020-00
SubdivisionLa Plaza Condominiums Brownsville
Land UseResidential
Legal DescriptionLA PLAZA CONDOMINIUMS BLDG 500 APT B
Census Tract013002
Assessed Land Value$3,112
Assessed Improvement Value$110,073
Assessment Year2025
About this property
Beautiful upstairs condominium located in a prime location of the city of Brownsville, walking distance from Sunrise Mall, shopping centers, restaurants, and convenience stores. Includes complete kitchen appliances stove, refrigerator, dishwasher, and microwave. Remodeled Interior, new air conditioner, freshly painted all throughout, porcelain floor, vanity mirrors, walk in closets. Building next to pool. Water, trash, sewer are included in the rent, but internet, cable, electricity are not.
Investor Tools
$53,280Estimated Mortgage Balance
$74,720Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$768 /month
Positive
Cash Flow Estimate:
$256 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$249/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,346
$113,185
2025
$3,112
$110,073
$113,185
No
Tax History
Year
Tax Paid
Assessed Value
2025
$2,346
$113,185
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Yolanda Elizondo
Seller Carryback / Seller Financing / Seller Take-Back
$55,000
No
First
Nov 25, 2024
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$53,280
$74,720
58%
42%
$330/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$893/mo
$330/mo
+$563/mo
8.4%
