255 W Glenview Dr, San Antonio, TX 78228

This 3 bedroom / 2 bathroom property makes sense for any investor, even in today's changing real estate market. A perfect location for urban convenience in NW San Antonio. An easy turn-key BRRRR opportunity!

The property is tenant-occupied until March 2024, but tenant is willing to relocate if the buyer would rather close vacant. Contact Dispo Manager for viewing options. DO NOT DISTURB THE TENANT.

Deal Takeaways:

Beautiful Mid-Century Modern Home

Single story with large corner lot of 0.33 Acres

Easy BRRRR > $310k ARV

Buy cash and immediately refinance with equity

Property is rented until March 2024 at $1,595/mo

$17k of renovations completed in January 2023

Metal roof; foundation and HVAC in working order

Plumbing, electrical, and windows recently updated

Minutes from HWY 410 and I10, the medical center, Wonderland Mall, and a variety of great shopping and dining

Financials:

ARV: $310,000

Purchase Price: $168,000

Profit Details:

$310,000 ARV

(*) 94% for sale commissions

(-) $168,000 purchase price

(-) $20,000 rehab budget

(-) $5,000 closing / holding cost

(=) $98,400 profit

Rental Profit Details:

$1,595 current monthly rent

(-) $620 monthly tax

(-) $159 monthly insurance

(-) $159 property management

(-) $159 allocation for repairs, vacancy, etc

(=) $498 net monthly cash flow

Property Details:

1959 Year Build

1,952 Home Square Feet

14,374 Square Feet Lot Size