🏑 Great Flip opportunity San Antonio | + $107K Spread | Nice areaπŸ«°πŸ»πŸ’°πŸ˜οΈ

Bexar County, San Antonio, TX, 78244
Sold
Listed at: May 12th, 2024
Price
$121,000
ARV
$228,000
Gross Margin
$107,000
Sq. Footage
1170
Type
Single-Family
Parking
Attached Garage
Year build
1972
Lot size
7884.00 sqft
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Address: 5410 Lake Grove Dr San Antonio, TX 78244

3-bedroom / 2 bath Single Family Home 

Property is Vacant! Contact the Dispo Manager for access. 

Deal Takeaways:

  • Great flip potential! 
  • 3/2 Rehab Project
  • Property in a really nice area

Financials:

ARV: $228,000

Purchase Price: $121,000

Estimated Profit Details (Flipper/MLS Sale):

ARV: $228,000

(*) 94% for sale commissions

(-) 121,000 purchase price

(-) $50,000 estimated rehab costs

(-) $5,000 esti. closing / holding cost

(=) $38,320 profit

Estimated Rental Profit Details:

Estimated Rental Income: $1,550.00

(-) $233.75 monthly tax

(-) $155.00 monthly insurance

(-) $155.00 property management (estimated recommendation)

(-) $155.00 recommended allocation for repairs, vacancy, etc (estimated recommendation)

(=) $851.25 a month

Property Details:

1,170 Home Square Feet

7,884 SQFT Lot Size

Closing on June 5th, 2024

Padua Partners Acquisitions assumes no liability for the accuracy of any estimates or information provided. End buyers must conduct own due diligence. The property is to be sold as-is. Proof of funds is required. Cash or hard money only. End buyer pays all closing costs and fees associated with this transaction. $5,000 Non-Refundable EMD needed to secure the contract.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Samuel Wooten

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Disposition manager