1503 N 5th St · Alpine, TX 79830

$160,000

4 bd · 3.0 ba · 2,380 sqft · SingleFamily public records · 418 Days on market

Built 1940 9,583 sqft lot ↓ 30% since listing

---

Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.8/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.4/10.0
• Schools +4.0/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

AWESOME OPPORTUNITY!! This home is ideal for the handyman or investor. This 2 Story Home features a downstairs consisting of 1,747 sf, 3 bedrooms, 2 baths, family room w/ wood burning stove, formal dining area, original wood flooring; 674 sf unfished upstairs w/ 1 large bedroom & large bath, an office plus a huge attic space for storage. It is located close to the High School and within walking distance to the Kokernot Baseball Field and Park. So much potential. Call for a showing today!

Key facts

• Huge attic space
• Wood burning stove
• 9,583 sq ft lot

Tags

• WOOD BURNING STOVE
• ORIGINAL WOOD FLOORING
• HUGE ATTIC SPACE
• WALKING DISTANCE TO PARK

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $537 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $141k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 78/100 on livability (#73 in TX, #2,631 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities D+, commute F, employment F.
• Alpine ISD (town): math 43% / reading 53% proficiency, ranked #235 of 826 in TX (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 167 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 7 units permitted in Brewster County in 2024 (0 in 5+ unit buildings).
• This rent runs 36% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Brewster County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $45k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 418 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $69k (30%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 418 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.24% ✓
• Cap rate: 10.32%
• Cash-on-cash: 14.39%
• DSCR: 1.64
• GRM: 6.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 4.8%
• Equity multiple: 1.18×
• Total profit: $8,274
• Equity at exit: $23,857

10-year hold

• IRR: 14.2%
• Equity multiple: 2.14×
• Total profit: $51,197
• Equity at exit: $13,834

Cash invested: $44,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 79830

• Home prices YoY: -32.6%
• Active inventory: 167
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,983 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$124 /mo · $1,485/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$416
• Net cashflow: $537

Break-even live

Break-even rent $1,303

Max offer price $160,000

Occupancy floor 68%

Sensitivity live

Price	-10% $628	-5% $583	+0% $537	+5% $492	+10% $447
Rent	-10% $381	-5% $459	+0% $537	+5% $616	+10% $694
Rate	-1.0pp $618	-0.5pp $578	base $537	+0.5pp $496	+1.0pp $454

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
207 E Stockton St Alpine, TX	3.0	2.0	2552	$1,500	$0.59	15d	1	0.22mi
2401 Covey Ln Alpine, TX	4.0	2.5	2208	$1,800	$0.82	15d	1	1.34mi

Listing history 23 events

1. 2026-06-21
   days on market $160,000 Active 418 DOM
2. 2026-06-18
   days on market $160,000 Active 415 DOM
3. 2026-06-17
   days on market $160,000 Active 414 DOM
4. 2026-06-16
   days on market $160,000 Active 413 DOM
5. 2026-06-15
   days on market $160,000 Active 412 DOM
6. 2026-06-14
   days on market $160,000 Active 410 DOM
7. 2026-06-13
   days on market $160,000 Active 409 DOM
8. 2026-06-10
   days on market $160,000 Active 407 DOM
9. 2026-06-09
   days on market $160,000 Active 406 DOM
10. 2026-06-08
    days on market $160,000 Active 405 DOM
11. 2026-06-07
    days on market $160,000 Active 404 DOM
12. 2026-06-03
    days on market $160,000 Active 400 DOM
13. 2026-06-02
    days on market $160,000 Active 399 DOM
14. 2026-06-01
    days on market $160,000 Active 398 DOM
15. 2026-05-31
    days on market $160,000 Active 397 DOM
16. 2026-05-31
    days on market $160,000 Active 396 DOM
17. 2026-01-27
    price $160,000 498-char remark

    Show marketing remark (498 chars)

    AWESOME OPPORTUNITY!! This home is ideal for the handyman or investor. This 2 Story Home features a downstairs consisting of 1,747 sf, 3 bedrooms, 2 baths, family room w/ wood burning stove, formal dining area, original wood flooring; 674 sf unfished upstairs w/ 1 large bedroom & large bath, an office plus a huge attic space for storage. It is located close to the High School and within walking distance to the Kokernot Baseball Field and Park. So much potential. Call for a showing today!

18. 2026-01-09
    price $189,000 498-char remark

    Show marketing remark (498 chars)

    AWESOME OPPORTUNITY!! This home is ideal for the handyman or investor. This 2 Story Home features a downstairs consisting of 1,747 sf, 3 bedrooms, 2 baths, family room w/ wood burning stove, formal dining area, original wood flooring; 674 sf unfished upstairs w/ 1 large bedroom & large bath, an office plus a huge attic space for storage. It is located close to the High School and within walking distance to the Kokernot Baseball Field and Park. So much potential. Call for a showing today!

19. 2025-12-02
    status Active 498-char remark

    Show marketing remark (498 chars)

    AWESOME OPPORTUNITY!! This home is ideal for the handyman or investor. This 2 Story Home features a downstairs consisting of 1,747 sf, 3 bedrooms, 2 baths, family room w/ wood burning stove, formal dining area, original wood flooring; 674 sf unfished upstairs w/ 1 large bedroom & large bath, an office plus a huge attic space for storage. It is located close to the High School and within walking distance to the Kokernot Baseball Field and Park. So much potential. Call for a showing today!

20. 2025-12-01
    historical 498-char remark

    Show marketing remark (498 chars)

    AWESOME OPPORTUNITY!! This home is ideal for the handyman or investor. This 2 Story Home features a downstairs consisting of 1,747 sf, 3 bedrooms, 2 baths, family room w/ wood burning stove, formal dining area, original wood flooring; 674 sf unfished upstairs w/ 1 large bedroom & large bath, an office plus a huge attic space for storage. It is located close to the High School and within walking distance to the Kokernot Baseball Field and Park. So much potential. Call for a showing today!

21. 2025-08-18
    price $199,000 498-char remark

    Show marketing remark (498 chars)

    AWESOME OPPORTUNITY!! This home is ideal for the handyman or investor. This 2 Story Home features a downstairs consisting of 1,747 sf, 3 bedrooms, 2 baths, family room w/ wood burning stove, formal dining area, original wood flooring; 674 sf unfished upstairs w/ 1 large bedroom & large bath, an office plus a huge attic space for storage. It is located close to the High School and within walking distance to the Kokernot Baseball Field and Park. So much potential. Call for a showing today!

22. 2025-04-29
    listed $229,000 Active 498-char remark

    Show marketing remark (498 chars)

    AWESOME OPPORTUNITY!! This home is ideal for the handyman or investor. This 2 Story Home features a downstairs consisting of 1,747 sf, 3 bedrooms, 2 baths, family room w/ wood burning stove, formal dining area, original wood flooring; 674 sf unfished upstairs w/ 1 large bedroom & large bath, an office plus a huge attic space for storage. It is located close to the High School and within walking distance to the Kokernot Baseball Field and Park. So much potential. Call for a showing today!

23. 1987-08-03
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $1,485 · $124/mo
• Projected year-2 tax: $2,928 · $244/mo
• Expected delta: +$1,443/yr (+$120/mo · 97.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate 10% chance over 30 yrs
• 🔥 Wildfire 9/10 Extreme
• 🌡 Heat 4/10 Moderate 4 d/yr ≥95°F today · 11 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,798
• − Mortgage interest: −$8,962
• − Property taxes: −$1,485
• − Insurance: −$800
• − Repairs & maintenance: −$1,904
• − Management: −$1,904
• − Depreciation: −$4,655
• Taxable income: $4,089
• Est. tax owed @ 24.0%: −$981
• After-tax cash flow: $5,466/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Alpine ISD
• NCES district ID: 4807950
• Math proficiency: 43% ▼ -4.00%
• Reading proficiency: 53% ▲ 2.00%
• Median HH income: $39,184
• Composite: 40.06/100
• National rank: #3814
• State rank: #235 of 826 in TX

Livability — Alpine

• Score: 78/100
• State rank: #73
• US rank: #2631

Category grades

Amenities D+ Commute F Cost of living A+ Crime A+ Employment F Housing A+ Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Alpine, TX
• County: Brewster County · 7,853 people
• City population: 7,853
• Metro: nan
• Population (ZIP): 7,853
• Household income: $66,546
• Rent vs Own: 32.6% rent · 67.4% own
• Severe rent burden: 229.0

Population outlook (Brewster County) Hauer SSP2

• Today (2025): 8,850 people
• By 2030: 8,577 · -3.1%
• By 2040: 7,903 · -10.7%
• By 2050: 7,338 · -17.1%
• By 2075: 5,950 · -32.8%
• By 2100: 4,678 · -47.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (52%)
• Race & ethnicity: White 52% Hispanic / Latino 46% Two or more races 15% Asian 1%
• Hispanic origin (detail): Mexican 37%
• Common ancestry: Serbian 5% Slovak 3% Romanian 2%
• Foreign-born: 9% · Canada
• Languages at home: 69% English-only · Spanish 29% Tagalog/Filipino 1%

Political lean MEDSL · Brewster

• 2024 margin: R (+12.6) · D 43.0% · R 55.6% · Other 1.4%
• 2008→2024 swing: -15.5pp toward R · 2008: 3.0pp · 2024: -12.6pp
• All cycles: 2024: R+12.6 2020: R+4.2 2016: R+4.8 2012: R+5.4 2008: D+3.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -86.21%
• Current HPI: 178.4899
• Rent YoY: —
• Metro: nan
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-30.1% since first listed

7 events — show timeline

• 2026-01-27 Price Changed $160,000 ODMLS
• 2026-01-09 Price Changed $189,000 ODMLS
• 2025-12-02 Relisted — ODMLS
• 2025-12-01 Delisted — ODMLS
• 2025-08-18 Price Changed $199,000 ODMLS
• 2025-04-29 Listed $229,000 ODMLS
• 1987-08-03 Sold (Public Records) — Public Records

Property tax history

-2.6%/yr

Latest (2025): $1,485 · +10.8% YoY. Source: county tax records.