New toiletsNew underground plumbing pipesNew tile flooringNew furnaceNew hot water heaterNew carpetingEpoxied tubs and countertops
New Cash Price = $175k
PLEASE READ MY ZILLOW AD AND EMAIL ME YOUR OFFER: QUALITYVALUESAVINGS AT GMAIL
It's been on the market for a while because I reject low ball offers and I don't want to finance more than 3 years. I’m selling because I'm moving out of the area and prefer not to hire a property manager, but I will if I have to.
This is not a fix and flip as there is nothing to fix.
This is a solid, cash-flowing property well below market value.
Zillow Value (Dec 2024): $204,000 that means you'll have Built-In Equity From Day One
The rental income fluctuates between $1490 and $2140 per mo. depending up on occupancy. Specifically, Room 1 = $650, Room 2 = $665, Room 3 = $825. Totaling $2,155 per month.
Ive also start developing a tiny home in the backyard which has reinforced walls, floor, and roof. It also has plumbing and electric, insulation, wall panels, and air conditioner. Its nearly ready to rent which will add another $600 or $650 to the rental income bringing that number to $2790/mo.
Even with the tiny home there will still be an ample amount of land left for other developments.
Another important point about this property is that I've done a lot of upgrades over the last 4 years. Among these upgrades include:
New roof — $5,500
New furnace — $6,000
Professional tree removals — $3,175
New carpeting, new interior and exterior paint, and new tile flooring — approx. $5,000
Epoxied tubs and countertops — $2,500
New toilets
New hot water heater
New underground plumbing pipes
Other new upgrades
Total Renovations and Improvements Since 2022: Approximately $40,000
These upgrades make this property superior to similarly aged properties and hidden gem.
Many nearby homes may require repairs or deferred maintenance. With respect to this property, major systems, safety risks, and structural improvements have already been addressed, eliminating future surprises and emergency expenses.
Whether you intend to live in the home, rent it, or expand the property, you are getting a great deal as its in good condition, cash flowing, and coming with instant equity.
Here Are My Owner Financing Terms, But I’m Open To Hear Yours As Long As They Are Not Radically Different Than My Own
Offer #1 — 2-Year Owner Financing (10%)
Sale Price: $185,000
Down Payment: $30,000
Loan Amount: $155,000
Amortization: 30 Years
Interest Rate: 10%
Monthly P&I: $1,360
Taxes & Insurance: $300
Total Monthly Payment (PITI): $1,660
Balloon Payment (End of Year 2): $153,186
Instant Equity: $19,000 ($204,000 - $185,000)
Offer #2 — 2-Year Owner Financing (10%)
Sale Price: $187,000
Down Payment: $36,072
Loan Amount: $150,928
Amortization: 30 Years
Interest Rate: 10%
Monthly P&I: $1,324
Taxes & Insurance: $300
Total Monthly Payment (PITI): $1,624
Balloon Payment (End of Year 2): $149,162
Instant Equity: $17,000 ($204,000 - $187,000)
Offer #3 — 3-Year Owner Financing (9%)
Sale Price: $187,000
Down Payment: $36,072
Loan Amount: $150,928
Amortization: 30 Years
Interest Rate: 9%
Monthly P&I: $1,214
Taxes & Insurance: $300
Total Monthly Payment (PITI): $1,514
Balloon Payment (End of Year 3): $147,535
Instant Equity: $17,000 ($204,000 - $187,000)
Offer #4 — 4-Year Owner Financing (8%)
Sale Price: $192,000
Down Payment: $36,072
Loan Amount: $155,928
Amortization: 30 Years
Interest Rate: 8%
Monthly P&I: $1,144
Taxes & Insurance: $300
Total Monthly Payment (PITI): $1,444
Balloon Payment (End of Year 4): $150,032
Instant Equity: $12,000 ($204,000 - $192,000)
In Summary
You’re not just buying a home — you’re acquiring a cash-flowing, equity-positive investment asset with:
? Built-in equity
? Immediate rental income
? Expansion potential
? Major upgrades already completed
? Flexible financing options
I prefer Text Messages or Emails to Cold Calls.
What the owner loves about this home
Recently added 12×16 backyard shed built with reinforced construction. This is not a lightweight storage shed — it has a solid floor, stronger wall framing, a residential-grade roof, and ground anchors for stability. Built to handle long-term use and heavy loads. It is now wired, has plumbing, installation in the walls, wall panel, an air conditioner, vertical kitchen cabinet, kitchen sink, tankless water heater, and carpeting. Perfect for a workshop, studio, storage, enclosed garden, man cave, jacuzzi or future tiny home conversion. The tiny home can be purchased together with the house or separate from the house.
388 days
|
195
|
9
|
Listed by:
Property Owner(210) 608-8578
This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Heating
Forced air, Gas
Cooling
Central
Appliances
Included: Dryer, Microwave, Range / Oven, Refrigerator, Washer
Explore the cost of this home by adjusting the details. Changes won't be saved.
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.