Address: 2117 Tampico St., San Antonio, TX 78207
Description: More cash flow with fixer upper, close to parks and public schools. 2 beds, 1 bath, built: 1955, 520 sqft., room to add more bedrooms! Yearly taxes $300.00, estimated yearly insurance: $400.00, repairs:19K includes, plumbing, electrical, flooring, paint in/out, update kitchen/bath, 2nd bedroom finish out, ARV: 59.9-65K with owner finance,
Price: 24K cash firm.
Exit Strategies:
Owner Finance with 19K repairs: 5k down payment, $595.00-$650.00 monthly PI/TI 30 year amortization, 10% interest, Price: 59.9K-65K, can sell note after 1 year.
Rent with 19k in repairs: $650 monthly with section 8.