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4 Bed Fixer in NE San Antonio Near I-35 and Methodist Hospital

14611 Ridge Meadow Dr, San Antonio
ROI
19.48% IRR
Strategy
Long Term Rental
4 bed fixer in NE San Antonio near I-35 and Methodist Hospital. True 1% Rule rental including rehab costs, strong cashflow and 270-290k ARV. Potential BRRR or flip. 4 bed, 2 bath 1,759 sq ft built in 1975 with a 2 car garage on a slab foundation. Priced $120- 150k below ARV, in need of full rehab. Roof is 15 yrs old, termites treated but repair work still needed, potential foundation issues, full cosmetics.

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4 Bed Fixer in NE San Antonio Near I-35 and Methodist Hospital

Listed 08/04/2023

14611 Ridge Meadow Dr, San Antonio

Purchase Price:$150,000

Cash Outlay:$90,500

Cashflow:$307/mo

Cap Rate:6.24%

IRR:19.48%

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