10118 Shetland Gate, San Antonio TX 78254

This 2006 built, 4 bed / 2.5 bath property in San Antonio, TX makes sense for any flipper or rental investor, even in today's changing real estate market. Prime location in San Antonio!

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Financials:

ARV: $350,000

Purchase Price: $244,000

Profit Details:

$350,000 ARV

(*) 94% for sale commissions

(-) $244,000 purchase price

(-) $15,000 rehab buget

(-) $5,000 closing / holding cost

(=) $65,000 profit

Rental Profit Details:

$1,950 monthly market rents

(-) $531 monthly tax

(-) $140 monthly insurance

(-) $195 property management

(-) $195 allocation for repairs, vacancy, etc

(=) $889 net monthly cash flow

Property Details:

4 Beds / 2.5 Bath

2006 Year Build

2,127 Home Square Feet

10,507 Lot Size

March 15th, 2023 Closing

Vacant at Close

Slab Foundation

Brick Exterior

Double pane windows

Recently upgraded appliances

No apparent issues with foundation, roof, electrical, or plumbing

Big corner lot with massive backyard

Needs cosmetic work only

Location Details:

The home is minutes from 1604 and 151, with easy access to premier dining, entertainment and shopping areas.

Quiet, Family-Friendly Neighborhood

Northside District, feeding into the excellent schools, Krueger, Jefferson Jr High, and O'connor High.

Just a few miles from SeaWorld and Fiesta Texas and the UT San Antonio campus.

Recent Updates:

2018 - New HVAC

2019 - New water heater

Recently painted interior