411 Remolino, San Antonio, TX 78237

This 1956 built, 3 bed / 1 bath property in San Antonio, TX makes sense for any rental investor, even in today's changing real estate market. Prime location in San Antonio!

CURRENTLY OCCUPIED, WALKTHROUGHS REQUIRE NOTICE AND SCHEDULING!

Location Details:

Situated in an ideal location near Lackland Airforce Base, Sea World, and multiple major highways in San Antonio.

Financials:

ARV: $165,000

Purchase Price: $82,000

Profit Details:

$165,000 ARV

(*) 94% for sale commissions

(-) $82,000 purchase price

(-) $30,000 rehab budget

(-) $5,000 closing / holding cost

(=) $38,100 profit

Rental Profit Details:

$1,250 monthly market rents

(-) $155 monthly tax

(-) $97 monthly insurance

(-) $125 property management

(-) $125 allocation for repairs, vacancy, etc

(=) $748 net monthly cash flow

Property Details:

3 Beds / 1 Bath

1956 Year Build

947 Home Square Feet

5,898 Lot Size

July 31st, 2023 Closing

Vacant at Close

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

Roof 20 years old