106 Wichita Ct · San Antonio, TX 78225

$75,000

2 bd · 1.0 ba · 1,002 sqft · SingleFamily public records · 64 Days on market

Built 1947 7,318 sqft lot $75/sqft · 50% below area Est $150k · 50% under

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Why this score? — see what drove the A- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +6.9/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0

Listing remarks MLS

Unlock the potential in this property, perfect for investors or families ready to take on their first rehab project! Whether you're looking to renovate and hold or create a long-term rental, this home offers a great opportunity to build value. With Lackland Air Force Base nearby and its weekly graduations bringing consistent demand to the area, this could be a smart addition to your investment portfolio. Don't miss the chance to turn this canvas into something special!

Key facts

• 7,318 sq ft lot
• Built 1947
• Listed 64 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $361 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $70k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.1% vs local median 3.8% in San Antonio — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#31 in TX, #1,616 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools C-, crime F.
• San Antonio ISD (urban): math 12% / reading 22% proficiency, ranked #805 of 826 in TX (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 39 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 8,308 units permitted in Bexar County in 2024 (2,506 in 5+ unit buildings).
• This rent runs 33% of the median local income ($47k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $3k of equity ($519 loan paydown + $3k appreciation (3.8% local appreciation)).
• Bexar County population projected at +50% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.8% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 10, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 14y ago; this cycle's ask has dropped $10k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.5% of price; built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $70,500 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.70% ✓
• Cap rate: 12.06%
• Cash-on-cash: 20.61%
• DSCR: 1.92
• GRM: 4.9

CMA / ARV

• ARV (median comp): $149,668
• List price: $75,000
• Delta: -49.89%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
106 Wichita Ct	0.00mi	2/1.0	1,002 (0%)	0mo	$75,000	$75	100
855 Cavalier	0.34mi	2/1.0	1,035 (+3%)	6mo	$50,000	$48	74
203 Carranza St	0.14mi	3/2.0 (+1)	1,025 (+2%)	11mo	$159,900	$156	71
227 Southway Dr	0.48mi	2/1.0	960 (-4%)	2mo	$109,900	$114	69
139 Wichita Ct	0.09mi	3/2.0 (+1)	1,049 (+5%)	12mo	$140,000	$133	69
226 Burke	0.22mi	3/2.0 (+1)	1,056 (+5%)	4mo	$107,000	$101	68
1419 W Malone Ave	0.60mi	3/1.0 (+1)	995 (-1%)	5mo	$129,999	$131	61
143 Carranza St	0.14mi	3/2.0 (+1)	1,100 (+10%)	14mo	$184,000	$167	57
117 Ross	0.33mi	2/1.0	896 (-11%)	13mo	$115,000	$128	56
426 Royston	0.55mi	2/1.0	852 (-15%)	5mo	$124,975	$147	45
1114 Sims Ave	0.71mi	2/1.0	875 (-13%)	14mo	$150,000	$171	34
418 Linares St	0.65mi	3/1.0 (+1)	860 (-14%)	13mo	$110,000	$128	30

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.81% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 28.6%
• Equity multiple: 2.68×
• Total profit: $35,359
• Equity at exit: $37,185

10-year hold

• IRR: 28.4%
• Equity multiple: 5.28×
• Total profit: $89,934
• Equity at exit: $60,157

Cash invested: $21,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 78225

• Home prices YoY: 1.5%
• Active inventory: 39
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,273 high
• Mortgage (P&I): −$393
• Tax from tax record: −$220 /mo · $2,645/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$267
• Net cashflow: $361

Break-even live

Break-even rent $816

Max offer price $75,000

Occupancy floor 67%

Sensitivity live

Price	-10% $403	-5% $382	+0% $361	+5% $339	+10% $318
Rent	-10% $260	-5% $310	+0% $361	+5% $411	+10% $461
Rate	-1.0pp $398	-0.5pp $380	base $361	+0.5pp $341	+1.0pp $321

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
118 Carthage Ct San Antonio, TX	3.0	2.0	1368	$1,450	$1.06	18d	1	0.15mi
515 Humble Ave San Antonio, TX	1.0	1.0	700	$810	$1.16	44d	1	0.21mi
2114 Jupiter St San Antonio, TX	3.0	3.0	1233	$1,457	$1.18	22d	1	0.50mi
463 Linares St San Antonio, TX	3.0	1.0	1220	$1,400	$1.15	24d	1	0.59mi
3103 Neptune St San Antonio, TX	3.0	2.0	1008	$1,350	$1.34	44d	1	0.61mi
1130 Sims Ave San Antonio, TX	3.0	2.0	1206	$1,300	$1.08	24d	1	0.69mi
626 Kirk Pl San Antonio, TX	2.0	1.0	912	$1,100	$1.21	20d	1	1.03mi
150 Hearne San Antonio, TX	2.0	1.0	1044	$1,400	$1.34	24d	1	1.04mi
450 Taft Blvd San Antonio, TX	3.0	1.0	883	$1,295	$1.47	44d	1	1.12mi
1425 Quintana Rd Unit 1 San Antonio, TX	3.0	1.5	1200	$1,345	$1.12	44d	1	1.13mi
1222 Brighton Ave Unit B San Antonio, TX	3.0	1.0	725	$999	$1.38	18d	1	1.15mi
616 Sims Ave San Antonio, TX	3.0	1.0	1148	$875	$0.76	44d	1	1.17mi
329 Taft Blvd San Antonio, TX	2.0	2.0	862	$2,200	$2.55	2d	1	1.27mi
843 Brady Blvd San Antonio, TX	3.0	2.0	864	$1,650	$1.91	24d	1	1.28mi
620 Linden Ave Unit 2 San Antonio, TX	2.0	1.0	733	$1,200	$1.64	44d	1	1.34mi
834 Division Ave San Antonio, TX	2.0	1.0	700	$1,050	$1.50	24d	1	1.36mi
834 Division Ave Unit 2 San Antonio, TX	2.0	1.0	936	$950	$1.01	5d	1	1.36mi
1467 W Gerald Ave San Antonio, TX	3.0	2.5	1120	$1,300	$1.16	11d	1	1.45mi
542 Drake Ave San Antonio, TX	3.0	2.0	1368	$1,875	$1.37	44d	1	1.48mi

Listing history 9 events

1. 2026-05-19
   price $75,000 473-char remark

   Show marketing remark (473 chars)

   Unlock the potential in this property, perfect for investors or families ready to take on their first rehab project! Whether you're looking to renovate and hold or create a long-term rental, this home offers a great opportunity to build value. With Lackland Air Force Base nearby and its weekly graduations bringing consistent demand to the area, this could be a smart addition to your investment portfolio. Don't miss the chance to turn this canvas into something special!

2. 2026-04-07
   status Back on Market 473-char remark

   Show marketing remark (473 chars)

   Unlock the potential in this property, perfect for investors or families ready to take on their first rehab project! Whether you're looking to renovate and hold or create a long-term rental, this home offers a great opportunity to build value. With Lackland Air Force Base nearby and its weekly graduations bringing consistent demand to the area, this could be a smart addition to your investment portfolio. Don't miss the chance to turn this canvas into something special!

3. 2026-04-06
   historical Active Option 473-char remark

   Show marketing remark (473 chars)

   Unlock the potential in this property, perfect for investors or families ready to take on their first rehab project! Whether you're looking to renovate and hold or create a long-term rental, this home offers a great opportunity to build value. With Lackland Air Force Base nearby and its weekly graduations bringing consistent demand to the area, this could be a smart addition to your investment portfolio. Don't miss the chance to turn this canvas into something special!

4. 2026-03-26
   listed $85,000 New 473-char remark

   Show marketing remark (473 chars)

   Unlock the potential in this property, perfect for investors or families ready to take on their first rehab project! Whether you're looking to renovate and hold or create a long-term rental, this home offers a great opportunity to build value. With Lackland Air Force Base nearby and its weekly graduations bringing consistent demand to the area, this could be a smart addition to your investment portfolio. Don't miss the chance to turn this canvas into something special!

5. 2014-07-14
   soldstatus
6. 2012-09-20
   soldstatus
7. 2012-09-19
   soldstatus 282-char remark

   Show marketing remark (282 chars)

   It Needs some TLC , but has a lot a potential for the first time buyer, Handy Man or Investor. 2 Bedrooms , 1 Full bath with potential to add-on , Concrete piers already in place. Close to all shopping malls, Restaurants, transportation and Down town. Huge yard with mature trees.

8. 2012-08-17
   historical 282-char remark

   Show marketing remark (282 chars)

   It Needs some TLC , but has a lot a potential for the first time buyer, Handy Man or Investor. 2 Bedrooms , 1 Full bath with potential to add-on , Concrete piers already in place. Close to all shopping malls, Restaurants, transportation and Down town. Huge yard with mature trees.

9. 2012-08-16
   listed $35,000 282-char remark

   Show marketing remark (282 chars)

   It Needs some TLC , but has a lot a potential for the first time buyer, Handy Man or Investor. 2 Bedrooms , 1 Full bath with potential to add-on , Concrete piers already in place. Close to all shopping malls, Restaurants, transportation and Down town. Huge yard with mature trees.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $2,645 · $220/mo
• Projected year-2 tax: $2,645 · $220/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,276
• − Mortgage interest: −$4,201
• − Property taxes: −$2,645
• − Insurance: −$375
• − Repairs & maintenance: −$1,222
• − Management: −$1,222
• − Depreciation: −$2,182
• Taxable income: $3,429
• Est. tax owed @ 24.0%: −$823
• After-tax cash flow: $3,505/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: San Antonio ISD
• NCES district ID: 4838730
• Math proficiency: 12% ▼ -21.00%
• Reading proficiency: 22% ▼ -7.00%
• Median HH income: $30,952
• Composite: 13.57/100
• National rank: #9512
• State rank: #805 of 826 in TX

Livability — San Antonio

• Score: 80/100
• State rank: #31
• US rank: #1616

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment C Housing A+ Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Antonio, TX
• County: Bexar County · 1,990,555 people
• City population: 1,806,925
• Metro: San Antonio-New Braunfels, TX
• Population (ZIP): 13,104
• Household income: $46,955
• Rent vs Own: 35.2% rent · 64.8% own
• Severe rent burden: 381.0

Population outlook (Bexar County) Hauer SSP2

• Today (2025): 2,336,851 people
• By 2030: 2,560,728 · +9.6%
• By 2040: 3,020,569 · +29.3%
• By 2050: 3,493,522 · +49.5%
• By 2075: 4,668,459 · +99.8%
• By 2100: 5,533,242 · +136.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (91%)
• Race & ethnicity: Hispanic / Latino 91% Two or more races 41% White 5% Black 4% Native American 3%
• Hispanic origin (detail): Mexican 85%
• Foreign-born: 13% · Canada
• Languages at home: 35% English-only · Spanish 65%

Political lean MEDSL · Bexar

• 2024 margin: Lean D (+9.8) · D 54.3% · R 44.6% · Other 1.1%
• 2008→2024 swing: +4.2pp toward D · 2008: 5.6pp · 2024: 9.8pp
• All cycles: 2024: D+9.8 2020: D+18.2 2016: D+13.5 2012: D+4.6 2008: D+5.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.81%
• Current HPI: 264.2018
• Rent YoY: —
• Metro: San Antonio-New Braunfels, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

+114.3% since first listed

9 events — show timeline

• 2026-05-19 Price Changed $75,000 LERA
• 2026-04-07 Relisted — LERA
• 2026-04-06 Contingent — LERA
• 2026-03-26 Listed $85,000 LERA
• 2014-07-14 Sold (Public Records) — Public Records
• 2012-09-20 Sold (Public Records) — Public Records
• 2012-09-19 Sold (MLS) — LERA
• 2012-08-17 Listing Removed — LERA
• 2012-08-16 Listed $35,000 LERA

Property tax history

+8.3%/yr

Latest (2025): $2,645 · -3.2% YoY. Source: county tax records.