SOLD!
WHAT: Three 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% |