3BR Home in San Marcos , TX

About This Property

Overview This beautiful 1,300 sq. ft. home is a turnkey rental opportunity that is completely ready for your investment portfolio. You can skip the bank underwriting and take over the existing VA mortgage balance of Contact for details with a straightforward down payment fee of Contact for details. This structure brings your total purchase price to a highly competitive Contact for details. The absolute best part of this deal is the locked-in 2.75% interest rate and an incredibly low monthly payment of just $984.70. Average neighborhood rents sit around Contact for details a month, allowing you to pocket roughly $900 in positive net every single month from day one. The asset completely outperforms any property you could buy with traditional commercial or investment financing in today's high-rate market. The home was built in 2013 and is in excellent shape, featuring fresh interior paint and a great backyard setup with a pergola and a covered patio. It is located in the highly desirable Blanco Vista community, where tenants love having walking-distance access to the local elementary school and a premium community pool center. Property Highlights Configuration: The home features a comfortable, family-friendly layout with 3 bedrooms and 2.5 bathrooms. Footprint: You get 1,300 sq. ft. of clean interior living space situated on a low-maintenance 3,310 sq. ft. lot. Status: The property will be delivered completely vacant at closing, so you can place a high-paying tenant right away. Condition Value-Add Scope Interior Cosmetics: The property is move-in ready with fresh interior paint and a complete stainless steel appliance package already in place. Windows Exterior: The foundation and framing are completely solid with no known issues, and the exterior features a beautiful mix of brick veneer and durable HardiPlank siding. Outdoor Space: An enclosed porch, covered patio, and custom backyard pergola give the home great curb appeal and pull in a premium rental rate. Mechanicals: All major high-ticket systems are modern and fully functional, including the central AC, central gas heating, and gas water heater connected to city utilities. Underlying Financing: The premium, low-interest VA loan has a current principal balance of Contact for details, a 2.75% rate, and a maturity date around August 2049. Monthly Payment Breakdown: The exact monthly payment is $984.70, which includes $796.42 for principal and interest alongside $188.28 for escrowed taxes and insurance. The HOA dues are a very low $33 a month with a standard $150 transfer fee. Property Condition Roof: Good (Composition Shingle) HVAC: Good (Central Air / Gas Heating) Plumbing: Functional (Public Water / Natural Gas Connected) Electrical: Good (Modern Breaker System) Foundation: Good (Slab / No known problems) Year Built: 2013 Rental Comps 118 Preston Trl, San Marcos, TX 78666 Contact for details/mo: 3/2.5 bed/bath | 14 Days on Market 154 Preston Trl, San Marcos, TX 78666 Contact for details/mo: 3/2.5 bed/bath | 19 Days on Market 138 Preston Trl, San Marcos, TX 78666 Contact for details/mo: 3/3 bed/bath | 8 Days on Market Next Steps Reach out to us directly if you need any extra details or have questions about the deal. Schedule your property walkthrough or request the seller's video tours. Submit your offer directly on this page using the Contact for details down payment fee structure. Put down a Contact for details Earnest Money Deposit (EMD) to lock the contract Down Payment: Contact for details Sign the assignment agreement, which features a standard 0-day inspection and due diligence period. Expect a fast, smooth closing within 2 weeks through our preferred investor title company. DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.

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