327 Glamis Ave San Antonio, TX 78223

This 1948 built, 2 bed / 1 bath + 1 bed / 1 bath apartment in San Antonio, TX makes sense for any rental investor, even in today's changing real estate market. Prime location in San Antonio, a low cost rental for great rental income!

Property is Vacant, contact Dispo Manager for lockbox info.

Deal Takeaways:

Fully functional apartment in the backyard with its own kitchen, remodeled bathroom, and bedroom.

Perfect opportunity for an Airbnb or a high cash flow rental

Walking distance to H-E-B Plus, Cinemark, and Walgreens!

Financials:

ARV: $210,000

Purchase Price: $134,000

Profit Details:

$210,000 ARV

(*) 94% for sale commissions

(-) $134,000 purchase price

(-) $15,000 rehab budget

(-) $5,000 closing / holding cost

(=) $43,400 profit

Rental Profit Details:

$1,800 monthly market rents

(-) $297 monthly tax

(-) $110 monthly insurance

(-) $180 property management

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

(=) $1,033 net monthly cash flow

Property Details:

2 Beds / 1 Bath (main) + 1 Bed / 1 Bath (apartment)

Addition studio apartment separate in the backyard

1948 Year Build

1210 Home Square Feet (874 front house + 336 back house)

7,501 Lot Size

August 10th, 2023 Closing

Vacant at close