[SubTo] 5b/3ba -San Antonio, TX
May 19, 2024 10:07 pm
Alex Sanders Realty Investment Group
YES, WE ARE PART OF THE SUBTO COMMUNITY
We are investment group, focusing on Acquisition and Disposition of Assets in Texas. We provide off-market and on-market properties at 55%-70% off ARV.
🔥SUBTO READY FOR ASSIGNMENT
🔥ENTRY FEE: $60K + CC
🔥Great for PadSplit /AriBnB- Down town San Antonio, TX
Victorian Home in desirable Beacon Hill Subdivisions
🚀Address: 1015 W Woodlawn Ave, San Antonio, TX 78201
🚀Closing Date: June 14th, 2024
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Photos:
Asking Price:
-ARV: $764,000 (Zillow)
- Offer Price: $586,000
- Entry Fee: $60,000
- Includes Seller Proceeds and Assignment Fee
- Buyer to pay closing costs + $1000 TC fee
- Subto Mortgage Takeover: $514,000 Approximately
Monthly Mortgage Payment
Principal $906.74
Interest $1,498.77
Escrow (Taxes and Insurance) $594.69
Regular Monthly Payment $3,000.20 (PITI)
- Interest Rate 3.5%
- VA Loan - She does not pay taxes because she is a disabled veteran in Texas. - New buyer will be responsible to pay county Taxes monthly.
- Seller Carry-back: $16,000
- $100 flat fee payment, no interest, until note is paid off (November 1, 2037)
Information:
- Single family, 4 bed, 3.5 bath, 3602 sq ft
- Beautiful and unique Victorian Style house
- Large backyard with an inground pool that has slide and water features
- Has 1 “bonus rooms” on 3rd floor
- Has a large separate "Casita" in backyard that is roughly 1067 sq ft with it's own kitchen and full bath (perfect additional rental)
- Could have some mild foundation issues (have foundation quote)
- Newer metal roof on house
- Overall great shape, could just use finishing touches here and there
- Located very close to downtown San Antonio in the desirable Beacon Hill neighborhood
- NO HOA!!!!
- Exit strategies:
- AirDna projected Revenue: $85,900 annual / $7,158.33 monthly
- Could make a great wrap or midterm rental
- Rentometer predicts long term rental rates:
MEDIAN = $2,448;
75TH % = $3,491
Disclaimer: All information is based on observation and/or information from the
Seller. We do not warrant the accuracy of any information, and all specifications
must be verified through your own observation or inspection. Buyer pays all
closing costs. Cash or hard money only. $5,000 EMD due with 1 business day of signing any agreements.
REMARKS:
*Seller Disclosure available
*Pictures are recent and professionally taken
*There are no liens on the house
*No repairs needed - move in ready.
*Can be used for Rental - OK
*Pad Split - OK
*Do not disturb tenants or visit the house without first contacting me.
*READY TO ASSIGN: CALL/text ME IF INTERESTED TO
*PURCHASE THIS PROPERTY THROUGH WHOLESALE ASSIGNMENT
📌📌ALEX SANDERS 210-387-0187📌📌
📌*ENTRY: Purchase "Subject to" the existing mortgage, No seller financed equity.
📌*FOR SALES IS THE EQUITABLE INTEREST THROUGH ASSIGNMENT OF CONTRACT
📌*EQUITABLE SELLER IS A LICENSED AGENT IN TEXAS AND IS A PRINCIPLE IN THE TRANSACTION
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Call / Text me now to lock it up
Alex: 210-387-0187
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Register Here to Attend Event:
FACEBOOK LIVE: AlexSanders.Me
YOUTUBE: Houses Cash
INSTAGRAM: AlexSanders10X
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Seller is a Licensed Agent in Texas. For sale is the Equitable Interest through Assignment Pursuant to Texas Property Code Sec. 5.086. Assignor does not have Legal Title to the Property. Any attempt to contact property owner will result in legal action. Property sold "AS-IS" and must be purchased with cash or hard-money. Assignee must sign a binding agreement with Non-refundable earnest money prior to any marketing. Earnest money must be wired to Title Company within 1 day of Assigning agreement. Buyer must perform their own due diligence prior to signing assignment agreement. Pictures may not be accurate and only may only show current conditions of the subject property. Selling entity is not selling real property only offering to sell their equitable interest. Prospective buyers must verify all details of property. Alex Sanders Realty Investment Group, or Seller of interest makes no representation as to the condition, measurements or defects of the subject property. Do not contact owner / seller without our authorized consent. Any attempts to renegotiate or make contact with the property owner will result in legal action.
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