List Price: $60,000
Bedrooms: 2 (3 if you use the converted garage as a bedroom)
Square Feet: 1,093
Year Built: 1953
Lot Size: 8,470
(The estimates below should be independantly verified prior to making an offer.)
Rental estimates for similar homes in area: $700-$950/month.
Estimated repairs to be rental ready: $8,000 (paint/wood repair/install HVAC)
Estimated annual return on investment: 7.5% on $68,000 at $950/month minus taxes and insurance.
If you asked me whether or not Texas real estate is a good investment the simple answer is yes. With interest rates at their lowest since I’ve been selling real estate, there is no better time to buy. As a Texas real estate broker, I have sold all types of regular real estate, affordable homes, and foreclosures. From county owned tax sales, to bank owned, VA owned, Fannie Mae and Freddie Mac owned, but HUD homes tend to be the easiest and best government owned homes to buy. Please look over the website for any other HUD Homes that may be in your area, because currently Texas HUD homes average between 400-700 homes on the market every day. Some are ideal investor homes needing only minor repairs before renting, so if you’re looking for cheap HUD Homes, you’ve found the guy to help you.
In this post we have a Texas HUD Home at 210 Ryan Dr., San Antonio, TX, 78223. HUD will pay 3% of your closing costs. Well this 2 bedroom 1 bath home surprised me when I walked in. As you can see from the outside, the exterior needs some work, but the interior is almost in move in condition. You may want to do a little flooring work in the kitchen and the bathroom, but other than that it’s all it really needs. You will want to have the HVAC looked at too, because I didn’t see the compressor outside, so it may need that. It’s only listed for $60,000 and HUD will pay 3% of your closing costs. There have been some tremendous savings on HUD Homes lately so if you are looking for a home to live in or some houses to pick up as an investor, now is the time to buy. All HUD Homes are time sensitive so you need to call me as soon as possible to discuss your buying options. Did you know that on some HUD Homes, HUD will loan you money to do repairs? Take a look at the video and see what you think, or search my webpage for other Texas HUD homes in your area. It’s as easy as entering a Zip code in the “Search Site” space on the website. FHA Case# 495-701209.
(if the home does not appear on the link, it may be under contract)
** Depending on when you see this video this home (or others on this website) may be Sold, Active, or Pending. To find out the current status please contact me via phone or email. I would love to earn your business.
Jonathan de la Garza – Texas Broker
** Lot size, tax value or county appraisal figures, and all data are acquired from each county appraisal district website and should be verified by you for accuracy.