BEXAR COUNTY, ELMENDORF, TX 78112

Elmendorf, TX — 3 bed / 2 bath SFR (1,344 sq ft). ARV $115,000 with a current ask of $110,000 (about 4% below ARV), making this primarily a cash-flow play rather than a flip spread deal. Flip numbers are tight: ARV $115,000 against a $110,000 buy. The flip analysis projects an estimated flip profit of -$5,746 for a -5% ROI, so this does not pencil as a traditional value-add flip at the current price. Rental case is the story here: estimated rent $1,450/mo producing about $330/mo in monthly cash flow. That supports a 10% cap rate and ~18% cash-on-cash return (GRM 6.3), based on 20% down, 7% rate, 30-year loan, 20% expenses, 8% vacancy, and $0/mo HOA. Condition is noted as turnkey with only light touch-ups budgeted ($0–$1,000). This is positioned as a place-and-collect rental where the returns come from in-place cash flow rather than a heavy rehab lift to ARV. Looking for a cash buyer or investor financing with a quick close.