1222 Mason St San Antonio, TX 78208

This 1920 built, 2 bed / 1 bath SFH in San Antonio, TX makes sense for any rental investor, even in today's changing real estate market. Prime location in San Antonio, and great Flip/BRRRR opportunity!

Property is Vacant, contact Dispo Manager for Lockbox info.

Deal Takeaways:

Highly desired location in Government Hill

Minutes away from Downtown San Antonio, Fort Sam, and the Historic Pearl

Perfect opportunity for a lucrative Airbnb

Renovated comp (205 Sandmeyer ) sold for $292,000!

Land value alone is above $55,000 (315 Tilden St )!

Financials:

ARV: $230,000

Purchase Price: $74,000

Profit Details:

$230,000 ARV

(*) 94% for sale commissions

(-) $74,000 purchase price

(-) $50,000 rehab budget

(-) $5,000 closing / holding cost

(=) $87,200 profit

Rental Profit Details:

$1,800 monthly market rents

(-) $100 monthly tax

(-) $110 monthly insurance

(-) $180 property management

(-) $180 allocation for repairs, vacancy, etc

(=) $1,230 net monthly cash flow

Property Details:

2 Beds / 1 Bath

1920 Year Build

745 Home Square Feet

3,629 Lot Size

August 2nd, 2023 Closing

Vacant at close