Description: Super hot south side cottage, bike ride from downtown by historical SA river which leads into the famous river walk with detached 2 car garage, close to mission trails/ gorgeous parks, 2 beds 1 bath, 914 sqft., built: Lot size: .12 acres, Subdivision: Riverside Park.
Cash Investor Price: $52,000
Exit Strategies: Owner finance: 5k down, $795.00 monthly PI/TI, 30 year amortization, no pre-payment fee, Price: $79.9K, repairs: 5K; paint, clean, etc.
Description: Under market value property sale in hot north of downtown neighborhood, 2 beds 1 bath, 769 sqft, built: 1948, lot size: .14 acres yearly taxes: $1,200.00, estimated yearly insurance: $800.00, estimated repairs on this distressed sale.
Rehab Option#1: Buy and rent with 15k in rehab, includes interior paint, flooring, roof leak, and appliances.
Max ARV: $114k to $119k.
Rehab Option #2: Buy and owner finance with 22k in rehab, ARV is $114k-$119k
Rehab Option #3: Buy and do 10k in rehab, and owner finance $99k, $995 per month, 5k down, 10 percent interest.
Description: Perfect investment opportunity $$$, home is ¼ mile from the beautiful San Antonio River, which leads to the historical downtown river walk; amazing running/bicycle trails, scenic waterfalls, and kayaking, 3 beds, 1 bath, 940 sq. ft.
Price: $55,000 cash.
Exit Strategies: Owner finance: 3-5k down, $895-$950 monthly PI/TI, Price: 89.9K, 30 year amortization, 10% interest, repairs $20k, Rent: $850-$895 as is, repairs $20k.
Alternative Exit Strategy: Purchase at $55,000 cash, rehab $25,000, maximum ARV is $99,000. Profit of $15,000-$20,000.