Case Study – 1622 Alametos St.

This property sale was completed in August 2015. The market in San Antonio TX has changed greatly in the last year. The market is booming and prices are up across the board.

new front
$65,000 cash price, $15,000 rehab, resold for $99,900 owner finance, $1041 per month, 7 DOM, 12.9% ROI.

Still, we have CA investors coming into our fine city and buying affordable homes and making 12-13% ROI annually, with no property maintenance.

This property was purchased by a CA cash buyer in July 2015 at 1622 Alametos St. This house is in 78201, and is north of downtown. This region is seeing rapid growth and appreciation.

The investor bought cash, and we completed $10,000 in repairs in 3 weeks:

  • $65,000 cash price
  • $1500 carpet removal and adding wood vinyl in 3 bedrooms
  • $3500 HVAC
  • $750 for third bedroom conversion.
  • $750 for dumpster – clean out
  • $1500 two tone interior paint
  • $500 update five light fixtures
  • $1500 level front bedroom
  • $1500 closing costs

Total Investment: $76,500

Repairs were complete on July 31, 2015 and property was put on MLS. By Aug. 3, we had two full owner finance, price offers as follows:

  • $1041 per month
  • 30 year note
  • 10% interest rate
  • $5000 down payment
  • $99,900 final price
  • $216/mo. taxes/insurance

Investor’s total monthly income after taxes/insurance is $825.

Final ROI: 12.9%

Interested in earning 12-13% ROI with no property management expenses? Contact us now.

After Rehab Additional Pictures:

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Interested in Investing? Key Points –

  • $50-70k cash wholesale properties – mostly sold to California cash buyers
  • We qualify end owner finance buyers on job history and documented income per Dodd Frank rules.
  • All owner finance prices are FMV.
  • Typical terms – 30 year note, 10% int., $5000 down payment – varies depending on exact deal
  • Low foreclosure rate – resell to new buyer if needed
  • 10-13% ROI is typical return
  • 1-3 months to locate quality owner finance buyer
  • Tax/insurance payments are escrowed
  • 5-10k rehab, no long term property maintenance
  • We have completed over 1,000 of these deals
  • Contact us to learn more

SOLD OWNER FINANCE 144 E. Dullnig Court, San Antonio TX 78223

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More Pictures:

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Please contact us to make offer or ask questions.

SOLD – 201 Parker Ave., San Antonio TX 78210

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  • Address: 201 Parker Ave., San Antonio TX 78210
  • Year Built: 1920
  • 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.
  • Notes: Owner finance ROI will be ~10%.
  • Contact us for more information or to make offer.
  • Sold and Rental Comps: Sold Comps 201 Parker Ave Rental comps 201 Parker Ave

More Pictures:

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Please contact us to make offer or ask questions.

SOLD – 1740 Edison Dr . San Antonio, TX 78201

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    • Address: 1740 Edison Dr . San Antonio, TX 78201
    • Year Built: 1918
    • Description: Out of state investment property with 3 beds 2 bath, 1040 sqft, built: 1918, lot size: .14 acres yearly taxes: $2,000.00, estimated yearly insurance: $800.00, estimated repairs: 30-35K, includes new HVAC, interior monterrey finish, paint in/out, outdoor storage unit, appliances, trash, lawn maintenance. 20% below market value.
    • Max After Repair Value: $139,000-$145,000 with owner financing on this out of state investment property.
    • Cash Price: $80,000 firm.
    • Exit Strategy: Owner Finance with 25K repairs: 5-10k down or more, $1,295.00 monthly P/I, 30 year amortization, 10% interest. Excellent cash flow, below market value property.
    • Notes: We recommend that you owner finance this out of state investment property because you will have no maintenance expenses. ROI will be ~10%.
    • Contact us for more information or to make offer.
    • Sold and Rental Comps: Sold Comps 1740 Edison Dr Rental Comps 1740 Edison

More Pictures:

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Please contact us to make offer or ask questions.

SOLD – 2229 W Hermosa Dr. San Antonio, TX 78201

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    • Address: 2229 W Hermosa Dr.  San Antonio, TX 78201
    • Year Built: 1948
    • 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.
    • Cash Price: $69,000 firm.
    • Contact us for more information or to make offer.
    • Sold and Rental Comps: Sold Comps 1740 Edison Dr Rental Comps 1740 Edison

More Images:

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Please contact us to make offer or ask questions.

 

 

For Sale – 427 E Glenn Ave, San Antonio, TX 78204-2742

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      • Address: 427 E. Glenn Ave., San Antonio TX 78204
      • Year Built: 1910
      • 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.
      • Contact us for more information or to make offer.
      • Rental and Sold Comps: Rental Comps 427 E Glenn Ave, Sold Comps 427 E Glenn Ave

Please contact us to make offer or ask questions.