530 Artemis Dr, San Antonio, TX 78218

This 3 bedroom / 2 bathroom property makes sense for any investor, even in today's changing real estate market. Amazing property with great potential for rental owners, retail sellers, and flippers!

The property is OCCUPIED by tenants. Contact the Dispo Manager for viewing options. Please do not disturb the tenants.

Deal Takeaways:

Needs paint and cosmetic work, great potential for investors to fix and flip

Fully remodeled in 2016

Occupied at closing. Tenant is month-to-month

Low time on the Market for potential flippers

Large Equity in the Deal

Financials:

ARV: $220,000

Purchase Price: $131,100

Estimated Profit Details (flipper):

$220,000 ARV

(*) 94% for sale commissions

(-) $131,100 purchase price

(-) $35,500 rehab budget

(-) $5,000 closing / holding cost

(=) $35,200 profit

Estimated Rental Profit Details:

$1,601 monthly market rent

(-) $350 monthly tax

(-) $120 monthly insurance

(-) $160 property management

(-) $160 allocation for repairs, vacancy, etc

(=) $811 net monthly cash flow

Property Details:

3 Beds / 2 Bath

1956 Year Build

1,432 Home Square Feet

7,789 Square Feet Lot Size