Investors! Hondo, TX, is located 45 west of San Antonio and is experiencing rapid growth as home prices soar in the metro area. Demand rising for affordable rents near San Antonio! Easy drive to the city for workers.
Contact 210 865 0742 today if interested, or email jmpickett@gmail.com
This 800 square foot, two-bedroom, one-bath under market value property can be rented for $1000 per month with 20k in rehab, or flipped for $110,000 with 40-50k in rehab with added 3rd bedroom.
Note – Renter is ready to rent this property once it’s rehabbed.
Address: 2005 Ave D, Hondo, TX 78661
Price: $57,000 cash
Lot size: .21 acre
Recommendations: Owner finance or rent: $40,000 in repairs, including foundation and plumbing, finish interior – rent for $1000 per month. Flip: $50,000 in rehab, including adding a third bedroom, foundation and plumbing, finish out interior. Rent for $1100 to $1200 per month.
ARV: $115,000 to $120,000
Comps: 281 22nd St – 2/1 800 square feet: sold for $85,000; 2802 Ave H, 2/1 960 sq. ft. : sold for $109,000
