Kirby Area Flip or BRRRR

$92,500 • 3 Beds / 2 Baths • 1,643 SqFt
Offer Submission Deadline
  • Single Family House
  • 3
  • 2
  • 1984
  • 1643
  • 7392
  • Attached Garage

Description

https://www.youtube.com/embed/evE37dG09Gg?showinfo=0

This tenant-occupied 3 bed, 2 bath property in San Antonio is the ideal project for an investor looking for a high-margin flip or long-term rental. Built in 1984 and spanning 1,643 sqft, the property sits on a generous 7,392 sqft lot and is located in an established rental-friendly area.

While the HVAC system is in solid shape (2018), this home will need foundation repairs along with standard cosmetic updates including kitchen, bathrooms, flooring, and paint. The roof may also need some attention. With an ARV in the ~$200K range and market rents supporting up to ~$1,575/month, this deal pencils out for multiple exit strategies.

Showings by appointment only. Please contact us to schedule.

  • 3 Bedrooms / 2 Bathrooms
  • 1,643 sqft living area
  • Lot Size: 7,392 sqft
  • Year Built: 1984
  • Tenant Occupied
  • HVAC replaced in 2018
  • Foundation needs repair
  • Cosmetic rehab: kitchen, baths, paint, floors
  • Roof may need work
  • Market Rent Estimate: ~$1,575/month

Financials

  • Asking Price: $90,000
  • ARV: ~$200,000
  • Rental Potential: ~$1,575/month
  • Estimated Rehab: Cosmetic + Foundation

Terms

  • Property Sold As-Is
  • Buyer Pays All Closing Costs
  • Cash or Hard Money Only
  • Non-Refundable Earnest Money Deposit: $3,000
  • Close on or Before: TBD
  • Showings by Appointment Only

Estimated Spread

  • ARV $200,000
  • Price $90,000
  • Spread $110,000

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