909 E 1st St St E · Alice, TX 78332

$30,000

3 bd · 1.0 ba · 990 sqft · SingleFamily public records · 136 Days on market

Built 1982 7,500 sqft lot $30/sqft · 69% below area

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investment property located one block from downtown. Needs numerous repairs, and there was a previous kitchen fire. Use caution when showing.

Key facts

• 7,500 sq ft lot
• Garage
• Built 1982

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $565 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $30k).
• Recommended offer: $26k (12.0% below list) — sets the bar for market timing.
• Cap rate 28.9% vs local median 4.1% in Alice — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 67/100 on livability (#558 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: employment D, schools D-, crime F.
• Alice ISD (town): math 12% / reading 23% proficiency, ranked #799 of 826 in TX (top 97%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 220 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 6 units permitted in Jim Wells County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $207 of loan paydown is wiped out by about $900 of value loss. Plan a longer hold.
• Jim Wells County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 136 days — a 12% lower offer ($26k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $25k (45%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $26,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 136 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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.
8. 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.
9. 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: 3.40% ✓
• Cap rate: 28.88%
• Cash-on-cash: 80.65%
• DSCR: 4.59
• GRM: 2.5

CMA / ARV

• ARV (median comp): $97,478
• List price: $30,000
• Delta: -69.22%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1004 E 3rd St	0.12mi	2/1.0 (-1)	848 (-14%)	8mo	$39,000	$46	59
909 Loma St	0.45mi	3/2.0	984 (-1%)	19mo	$140,000	$142	58
209 Prospect St	0.63mi	3/1.0	952 (-4%)	13mo	$29,900	$31	54
201 E 6th St	0.60mi	2/1.0 (-1)	905 (-9%)	2mo	$42,900	$47	51
849 N Adams St	0.66mi	3/1.0	912 (-8%)	7mo	$65,000	$71	50
727 Glendale St	0.56mi	2/1.0 (-1)	1,012 (+2%)	19mo	$113,000	$112	50
1023 Anderson Dr	0.60mi	3/1.0	925 (-7%)	18mo	$119,900	$130	46
745 Gibson	0.53mi	2/1.0 (-1)	912 (-8%)	16mo	$169,000	$185	44
1010 Gibson Dr	0.50mi	3/1.5	1,114 (+12%)	14mo	$199,900	$179	42
200 W 4th St	0.74mi	3/2.0	1,128 (+14%)	2mo	$220,000	$195	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 80.9%
• Equity multiple: 4.71×
• Total profit: $31,132
• Equity at exit: $4,473

10-year hold

• IRR: 84.3%
• Equity multiple: 9.76×
• Total profit: $73,555
• Equity at exit: $2,594

Cash invested: $8,400 (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 78332

• Active inventory: 220
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $1,019 high
• Mortgage (P&I): −$157
• Tax from tax record: −$70 /mo · $843/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$214
• Net cashflow: $565

Break-even live

Break-even rent $304

Max offer price $30,000

Occupancy floor 40%

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: $7,500
• Closing costs: $900
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
516 E 6th St Unit B Alice, TX	2.0	1.0	920	$1,200	$1.30	23d	1	0.43mi
110 S Stadium Rd Alice, TX	1.0–2.0	1.0–2.0	753	$775	$1.03	12d	7	0.66mi
901 Sunset Dr Alice, TX	2.0	1.0	895	$1,100	$1.23	23d	1	1.10mi
901 Sunset Dr Alice, TX	2.0	1.0	959	$975	$1.02	21d	1	1.10mi
901 Sunset Dr Alice, TX	2.0	1.0	959	$975	$1.02	3d	1	1.10mi
901 Sunset Dr Unit DRIVE-76 Alice, TX	2.0	1.0	959	$950	$0.99	23d	1	1.10mi
901 Sunset Dr Unit DRIVE-77 Alice, TX	2.0	1.0	959	$975	$1.02	23d	1	1.11mi

Listing history 24 events

1. 2026-06-18
   days on market $30,000 Active 136 DOM
2. 2026-06-17
   days on market $30,000 Active 135 DOM
3. 2026-06-16
   days on market $30,000 Active 134 DOM
4. 2026-06-15
   days on market $30,000 Active 133 DOM
5. 2026-06-13
   days on market $30,000 Active 131 DOM
6. 2026-06-12
   days on market $30,000 Active 130 DOM
7. 2026-06-09
   days on market $30,000 Active 127 DOM
8. 2026-06-08
   days on market $30,000 Active 126 DOM
9. 2026-06-08
   days on market $30,000 Active 125 DOM
10. 2026-06-07
    pricedays on market $30,000 Active 124 DOM
11. 2026-06-03
    days on market $37,000 Active 121 DOM
12. 2026-06-02
    days on market $37,000 Active 120 DOM
13. 2026-06-01
    days on market $37,000 Active 119 DOM
14. 2026-05-31
    days on market $37,000 Active 118 DOM
15. 2026-03-11
    price $37,000 141-char remark

    Show marketing remark (141 chars)

    Investment property located one block from downtown. Needs numerous repairs, and there was a previous kitchen fire. Use caution when showing.

16. 2026-02-06
    price $40,000 141-char remark

    Show marketing remark (141 chars)

    Investment property located one block from downtown. Needs numerous repairs, and there was a previous kitchen fire. Use caution when showing.

17. 2025-06-20
    soldstatus
18. 2025-01-31
    listed $55,000 Active 141-char remark

    Show marketing remark (141 chars)

    Investment property located one block from downtown. Needs numerous repairs, and there was a previous kitchen fire. Use caution when showing.

19. 2024-11-30
    historical
20. 2024-10-31
    price $14,900
21. 2024-10-25
    price $19,900
22. 2024-10-21
    price $24,900
23. 2024-10-17
    listed $27,000 Active
24. 2014-04-28
    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: $843 · $70/mo
• Projected year-2 tax: $843 · $70/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X · 24% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥113°F today · 21 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,222
• − Mortgage interest: −$1,680
• − Property taxes: −$843
• − Insurance: −$150
• − Repairs & maintenance: −$978
• − Management: −$978
• − Depreciation: −$873
• Taxable income: $6,721
• Est. tax owed @ 24.0%: −$1,613
• After-tax cash flow: $5,162/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: Alice ISD
• NCES district ID: 4807800
• Math proficiency: 12% ▼ -18.00%
• Reading proficiency: 23% ▼ -7.00%
• Median HH income: $37,747
• Composite: 14.63/100
• National rank: #9407
• State rank: #799 of 826 in TX

Livability — Alice

• Score: 67/100
• State rank: #558
• US rank: #10742

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Alice, TX
• Population (ZIP): 27,281

Population outlook (Jim Wells County) Hauer SSP2

• Today (2025): 43,325 people
• By 2030: 44,156 · +1.9%
• By 2040: 45,790 · +5.7%
• By 2050: 47,455 · +9.5%
• By 2075: 51,800 · +19.6%
• By 2100: 52,006 · +20.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (84%)
• Race & ethnicity: Hispanic / Latino 84% White 14% Two or more races 14%
• Hispanic origin (detail): Mexican 76%
• Foreign-born: 4% · Canada
• Languages at home: 50% English-only · Spanish 49%

Political lean MEDSL · Jim Wells

• 2024 margin: R (+15.5) · D 42.0% · R 57.5%
• 2008→2024 swing: -31.6pp toward R · 2008: 16.1pp · 2024: -15.5pp
• All cycles: 2024: R+15.5 2020: R+9.8 2016: D+10.3 2012: D+17.0 2008: D+16.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -123.86%
• Current HPI: 77.6253
• Rent YoY: —
• Metro: —
• 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

+37.0% since first listed

10 events — show timeline

• 2026-03-11 Price Changed $37,000 CBMLS
• 2026-02-06 Price Changed $40,000 CBMLS
• 2025-06-20 Sold (Public Records) — Public Records
• 2025-01-31 Listed $55,000 CBMLS
• 2024-11-30 Listing Removed — NTREIS
• 2024-10-31 Price Changed $14,900 NTREIS
• 2024-10-25 Price Changed $19,900 NTREIS
• 2024-10-21 Price Changed $24,900 NTREIS
• 2024-10-17 Listed $27,000 NTREIS
• 2014-04-28 Sold (Public Records) — Public Records

Property tax history

-2.1%/yr

Latest (2025): $843 · +1.0% YoY. Source: county tax records.