219 Fargo Ave, San Antonio, TX 78220

This 1953 built, 2 bed / 1 bath Single Family Home in San Antonio, TX makes sense for any rental investor, even in today's changing real estate market. Prime location in San Antonio!

CURRENTLY TENANT OCCUPIED, PLEASE REACH OUT TO SCHEDULE WALKTHROUGH. Will be vacant at close.

CLICK HERE FOR VIRTUAL WALKTHRU

Financials:

ARV: $155,000

Purchase Price: $89,000

Profit Details:

$155,000 ARV

(*) 94% for sale commissions

(-) $89,000 purchase price

(-) $20,000 rehab budget

(-) $5,000 closing / holding cost

(=) $31,700 profit

Rental Profit Details:

$1,300 monthly market rents

(-) $248 monthly tax

(-) $110 monthly insurance

(-) $130 property management

(-) $130 allocation for repairs, vacancy, etc

(=) $682 net monthly cash flow

Property Details:

2 Beds / 1 Bath

1953 Year Build

828 Home Square Feet

6,050 Lot Size

July 17th, 2023 Closing

Vacant at Close

Roof 2007

No apparent foundation, plumbing, or electrical issues

No HVAC, window AC units in good condition

Recent Updates:

Water Heater: 2021

Location Details: 

Great investment potential w/ walking distance to St. Phillips College, Carver Library, Coca Cola Company & AT&T Center. Easy access to I-10. Don't miss out on this amazing investment opportunity!