226 Edge Ave

San Antonio, TX 78223
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3 bd, 2 ba | 1,612 sqft | Built in 1953

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List Price
$216,900

Initial Investment

$59,105

Purchase Price

$216,900

Down Payment

25%

Rent

$1,630

Total Return

$95,918

Annualized Return

20.3%

Cap Rate

4.5%

Gross Yield

9.0%

Cash Flow

-$2,762

Appreciation

8.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,320

HOA

None

Flood Risk

Not Required

Freshly renovated, this home has been transformed, boasting upgraded features including foundation work, a brand-new roof, carpets adorning all three bedrooms, a fresh coat of paint both inside and out, and fully unclogged main plumbing. Now, it's your turn to experience the ultimate in turnkey living! Don't miss out on this captivating opportunity to own a move-in-ready home situated on the lower southeast side of San Antonio, just moments away from the bustling I-37. Stroll to the diverse array of restaurants and shopping options lining Goliad Rd, revel in the convenience of nearby amenities, and immerse yourself in the charm of the tree-lined streets of the South To Pecan Valley in the Highland Hills neighborhood. This charming, unique one-story features an open floor plan with 3 bedrooms, 2 full bathrooms, a small flex room, and a kitchen designed for socializing around a generous eat-in island complete with a refrigerator included. Step outside onto the patio surrounded by mature trees, creating a private haven for entertaining and relaxing. Additionally, a storage shed is included for added convenience. Improve the property with a little bit more TLC. Whether you're an experienced renovator or someone looking to put their personal touch on a home, this listing provides the ideal canvas to craft your desired home. The secondary bathroom has been renovated. Foundation repairs were done about six years ago at the rear side, middle, and back corners of the home using weights from the previous owner. Property survey not available. No HOA fees. This home and area are great for renovations that will appreciate resale value. Perfect for investors looking to renovate and flip it even more, for rental, or Airbnb opportunities. A few blocks from McCreless Mall and Market and countless restaurants, shopping, and businesses. Minutes away from all downtown city attractions, Fort Sam Houston, Lackland AFB, San Antonio Missions, South Side Lions Park, and so much more. Easy access to major highways. Your ideal home in a vibrant community awaits!

See more in Analysis
Kevin Guerin
Guerin Property Services
TX Agent License #610683

Annual Financial Highlights

Expected Rent

$18,582

Expenses

-$4,452

Property Taxes

-$5,100

Loan Payments

-$11,792

Net Cash Flow

-$2,762

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Ana Martinez
Coldwell Banker D'Ann Harper
Certified Agent Brokerage:Kevin Guerin
Guerin Property Services
TX Brokerage License 9000203
SourceMLS #1761951
Last Updated: 03/27/2024 20:03
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.