323 Precious St, San Antonio, TX 78237

This 1970 built, 3 bed / 2 bath property in San Antonio, TX makes sense for any flipper or rental investor, even in today's changing real estate market. Recently renovated with new cabinetry, countertops, fixtures, and floors in the kitchen and bathrooms. Great condition and excellent location for the price.

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Flip Profit Details:

$200,000 ARV

(*) 94% for sale commissions

(-) $114,500 purchase price

(-) $20,000 rehab buget

(-) $5,000 closing / holding cost

(=) $48,000 profit

Rental Profit Details:

$1,450 monthly market rents

(-) $160 monthly tax

(-) $110 monthly insurance

(-) $145 property management

(-) $145 allocation for repairs, vacancy, etc

(=) $890 net monthly cash flow

Property Details:

3 Beds / 2 Bath

1970 Year Build

1,100 Home Square Feet

6,325 Lot Square Feet

January 30th, 2023 Closing

Vacant at Close

Pier & Beam Foundation Slightly Off Tolerance (1.5" in One Corner)

HVAC Unit Needs Installation (Condenser Conveys)

Location Details:

Lakeview Subdivision

Feeds Into Edgewood I.S.D Spring School District

Conveniently Located near St. Mary's University, Highway 90/151, Lackland AFB, and Downtown San Antonio

Large Front and Backyard

Recent Updates:

2020 - New Windows, Canned Lighting

2020 - New Kitchen Cabinetry, Countertops, and Floors

2020 - New Bathroom Tiling and Fixtures

2017 - Roof Replaced

Original hardwood preserved under plank

Electrical is functioning

Plumbing is functioning

No signs of termites