• Real Estate Deal of the Day – April 28, 2020

    Real Estate Deal of the Day April 28, 2020

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    Update: This property just sold since the recording was made.

    MLS Deal Property

    931 McNeel Road, San Antonio, Texas 78228

    List Price: $149,000
    Bed/Bath/Pool/Stories: 3/2.0/0/1

    MLS Deal Finder Estimated Value:                            $223,974
    MLS Deal Finder Estimated Discount:                      $74,974
    MLS Deal Finder Estimated Discount%:                   33.47%

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    Real Estate Deal of the Day April 28, 2020

    [Video Transcription]

    This is Real Estate IQ’s Deal of the Day. And today we found a fantastic deal for you in the Austin and San Antonio market.

    Hi, everyone! Today is the San Antonio Deal of the Day. Our subject property is at 931 McNeel Road, San Antonio, Texas, 78228.

    Looking at the details of our property, its list price is $149,000, with an estimated price of $223,974, list price per square foot is at $77.36, and estimated price per square foot is $116.29.

    Our subject property has three bedrooms, two baths, and it is one-story, built in 1959, with a total square feet of 1926. You can also check the MLS information: MLS number, listing agent's phone number, and public remarks.

    Let's go and check the photos of our subject property. Based on the photos, it has a modern architectural design, white wooden kitchen cabinets, need some few tweaks, and repainting on the walls.

    So for the photos of our selected best sold comps, it is actually similar to our subject property, needs some few minor changes, and good interior design.

    So let's check the details of our sold comps. For the first comp, it's located at 115 Sunnycrest Drive, with $136.34 price per square foot, 0.39 miles from our subject property, and 26 recency days. For our second and last comp, it's located at 4230 Vantage View Drive, $120.71 price per square foot, 0.29 miles, and 44 recency days.

    Going back to our investment summary, asking or offer price is at $149,000, with an estimated price of $223,974. It gives us an IQ discount of $74,974, that's 33.47% IQ discount percentage. For the rental index of 1, there are 5 leased properties, which means, our property is good for renting. And for the monthly lease, it gives you $1,489. So we can say that our property is good for buy and hold and have it for lease or fix and flip strategy. That gives us a rental index score of one, which means this property is actually good for renting and for the monthly lease.

    So that's it for our San Antonio Deal of the Day. Take care and happy Deal Finding!

    Okay, I wanna bring your attention to our webinars. What happens is, if you're into real estate deal finding analysis or marketing, or how to grow your business in general. We have a lot of webinars that we have created for you. And you can watch those live by simply following the link below, and register for one of the topics that may interest you. Please enjoy them.

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