All Forum Posts by: Mike Deltz

1/1 Efficiency
Lease 4/1/2016‐3/28/2017 @$550/monthly ($400 Deposit) (All Bills Paid)

1/1 Duplex ($650/monthly)
Lease 6/1/2016‐5/31/2017 @$650/monthly

1/1 Duplex
Lease 4/1/2016‐3/28/2017 @$650/monthly ($400 Deposit) (All Bills Paid)

2/1 Duplex ($700)
Lease 6/1/2016‐5/31/2017 @$700/monthly

2/1 Duplex
Lease‐5/1/2016‐4/31/2017@$700/monthly ($400 Deposit) (All Bills Paid)

3/1 Duplex
Lease‐12/1/2015‐12/31/2016@$750/monthly ($350 Deposit) (Water Paid)

3/1 Duplex
Lease‐4/15/2016‐10/31/2016@$750/monthly ($400 Deposit) (Water Paid)

3/1 Single Family House Lease‐5/1/2016‐4/30/2017@$850/monthly ($600 Deposit)

2/1 Single Family House
Leased through Housing month to month but does want to stay. $800/monthly

Water and Electric are calculated around $8014.00 per year Taxes total roughly $4904.00 per year
Insurance is roughly $4309 per year
Management and Maintenance $15000

Gross Revenue ‐ $76800.00 per year
Gross Revenue‐Operating expense=$44573.00 (Net Income)
This is a true 15% Cap Rate
You should be able to recoup your investment in 6 years and cash flow $5K per month after that. Purchase Price: $299,900.00 

Contact me at 210-404-8050 to schedule a showing.

This one is probably not for the novice investor.

ARV $149,900
Rehab $70k
Price $44,900

Estimated Gross Profit $35k

I must be present to show this property.  Seller also asks that waiver be signed before showing. 

For more information and to schedule a time to see, give me a call at 210-404-8050.

this one is sold.

1123 sqft (house only)

Built 1954

ARV $117,000 (per appraisal)
Rehab $33k
Sales Price $59,900

The property is originally a 2/1/1 but they converted the garage so now its a 3/1
It also has a detached efficiency apartment in the back with kitchen and full bath.

Normal rental comps range between 900-1050 but remember it has the detached efficiency apartment so you should be able to fetch 1200-1500/mo for the house and apartment combined.

Call Mike at 210-404-8050 for more information.

3/1 currently but you are going to add a 2nd bath in the master bedroom.  Also, there is a 1/1 casita in the back that could probably rent for $400 or so.  Most likely, you'd turn it back into a garage.

ARV $185k

Rehab Estimate $42-45k

Your price $105k

Estimated Gross Profit  $35-38k

Call me at 210-404-8050 for more information including a contractor's bid for this property.  

LREA 665899

3/1

1216 sq ft.

ARV $102 k
Investor's Cost $ 57.5 k
Rehab Estimate $ 22 k

Est. Gross Profit $23,400

Four of the comps are recent rehabs, and all sold quickly. Call me at 210-404-8050 for more information or schedule a time to see it.

Looking to close by the end of the month.

Great High End Flip opportunity.  Just needs updates which will run around $65k.

ARV $800k

Estimated Rehab $65

Sales Price $525k

Estimated Gross Profit  $210K

Hard money financing is available if needed.

Contact me directly at 210-404-8050 for pictures, address, and details.

TX LREA 665899

NMLS 1444142

Great neighborhood just north of Wurzbach off of Wetmore.  You can go flip or rental on this one.

ARV is $139.9k

Estimated Rehab only $18k     (Foundation is good, I will provide report that was completed today)

Purchase Price is $91.9k

DOM for comps are all under 30 days.  

Rental comps run between $1100-1200 per month.

Won't last long!  

Call me at 210-404-8050 for more information.

Great Flip opportunity in King William HD. The house has been completely gutted and is ready for the right investor to do their thing.

After Rehab Value $424.9 k

Investor's Cost $259.9 k

Estimated Rehab $75K  (I can provide a contractor's bid upon request)

Estimated Gross Profit $90K

Mike Deltz 210-404-8050

TX LREA 665899

Great Flip in great area. This is one for an experienced investor

This one is available immediately. Let me know if you want to go see it.

Corner lot with wrap-around porch in LA Heights north of Beacon Hill.

$45k cash purchase.

3/1 that you'll make a 3/2. Needs $65k-75k of work. We sold a house in this area for $140k one year ago. Comps in the area range from $129k to $159k. You'll probably list this at $149k and sell it at $140k.

Call Mike at show contact info

TX LREA 665899