Great Cash Flow House for Cheap – Owner Finance or Rental

$36000 3 bd, 2 ba, 977 sqft

 SOLD!

WHATThree  bedroom Two bath home with a Two car garage on a good street in Sunrise subdivision.  There are rough areas of Sunrise, but this does not appear to be one of them … the neighbors have obvious pride of ownership and it’s on a cul-de-sac.  The foundation has been leveled with 19 piers buy Arredondo Group, LP and comes with a lifetime warranty.   Total square footage is 977 per CAD but house feels larger.   The home has central A/C that is relatively new (outside unit about 2 years old and inside unit about 8 years) , fenced back yard, and large lot.  The house needs new siding as well as paint inside and out.  The kitchen cabinets are in pretty good condition.  The bathrooms are good for a rental or owner financed deal.   Estimated repair costs are about $15,000 with $5,000 of that budgeted for siding; please do your own due-diligence.   Quick sale price of $36,000.    Gross profit will vary by exit strategy – rent or owner finance.

Buyer to verify all figures and measurements.

WHERE:  Located at XXXX Frontier Sun, San Antionio, 78244.

WHY:  Great cash flow deal.  Rents comps are strong ($875/mo) making this roughly a 14% ROI on an all cash deal.  This is a great opportunity but it will not last long.

CONTACT:Steve Carlson  210-363-4620 for more information or schedule a showing.

 

Net ROI

Monthly

Annual

Gross Rent  $         875                10,500
Taxes           (103)                  1,231
Insurance             (45)                     540
Expenses (15% of rent)           (131)                  1,575
Net Income  $         596  $              7,154
 
Cash Purchase Price  $    36,000
Settlement Costs          1,000
Repair Costs        15,000
Total Cost  $    52,000
Net ROI

13.8%

Property Details

Price:
$36000
Address:
XXXX Frontier Sun
City:
San Antonio
State:
TX
Zip Code:
78244
Year Built:
1984
Square Feet:
977
Bedrooms:
3
Bathrooms:
2
Const. Type:
Frame

Additional Features

2-Car Garage

Call (210) 363-4620 for more details

Property Location

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