7880 Micron Dr Apt 3402, San Antonio, Texas, 78251

This 1985 built, 2 bed / 1.5 bath property in San Antonio, TX makes sense for any rental investor, for both short term and long term rental strategies. Already occupied and cash flowing! Greater than 1% rule turnkey cash flowing rental, in a prime location in San Antonio.

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Financials:

ARV: $120,000

Purchase Price: $79,000

Profit Details:

$120,000 ARV/Market Value

(*) 94% for sale commissions

(-) $79,000 purchase price

(-) $0 rehab budget (already occupied and cash flowing)

(-) $5,000 closing / holding cost

(=) $28,800 profit

Rental Profit Details:

$1100 monthly in place rent

(-) $190 monthly tax

(-) $68 monthly insurance

(-) $110 property management

(-) $55 allocation for repairs, vacancy, etc (no exterior/roof repairs)

(-) $269 month HOA fee (covers roof and exterior repairs)

(=) $408 net monthly cash flow

Property Details:

2 Beds / 1.5 Bath

1985 Year Build

859 Home Square Feet

April 14th, 2023 Closing

Occupied and cash flowing at Close

Roof and exterior covered by HOA

No repairs needed, already occupied and cash flowing

Beautiful brick exterior

Wood plank deck in backyard

Location Details:

Conveniently located by Alamo Ranch shopping center 1604 and 410. Near Medical Center and Lackland Airforce base, and much more.

Quiet, Family-Friendly condo

Region: San Antonio, Subdivision: Estonia: Feeding into Evers Elementary, Jordan Middle School, and Warren High School

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

Recent Updates:

2020 - New HVAC