3410 Morales St · San Antonio, TX 78207

$110,000

4 bd · 2.0 ba · 1,324 sqft · SingleFamily public records · 12 Days on market

Built 1925 7,405 sqft lot Est $152k · 28% under ↓ 24% since listing

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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 +27.6/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +9.7/10.0
• 1% rule +9.3/10.0
• Rent growth +4.4/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0

Listing remarks

Owner financing available on this 4 bedroom, 2 bath home located near the heart of San Antonio. Offering 1,324 square feet of living space on a generously sized lot, this property presents a great opportunity for a buyer seeking flexible financing and the chance to create a home of their own. Full of potential, this home is ideal for someone ready to bring their vision to life and add their personal touch. Conveniently located with quick access to major highways, shopping, dining, and downtown San Antonio. Seller financing terms available. Reach out for details or to schedule a showing.

Key facts

• 7,405 sq ft lot
• Built 1925
• Listed 12 days

Property features AI

Finance

• Financial info: Down payment resources not indicated
• HOA & community: Part of the 26TH/ZARZAMORA subdivision

Exterior

• Utilities: City water and sewer
• Home design: Pre-owned home; Located in the 26TH/ZARZAMORA subdivision; Approximate age: 101 years
• Construction: Composition roof
• Exterior features: Wood and siding exterior

Interior

• Kitchen: Kitchen approximately 10 x 12
• Bedrooms: Primary bedroom about 12 x 12; Bedroom 2 about 10 x 11; Bedroom 3 about 10 x 10; Bedroom 4 about 12 x 14
• Flooring: Vinyl flooring
• Bathrooms: One full bathroom; One half bathroom; Primary bath with tub/shower combination and single vanity (about 8 x 8)
• Heating & cooling: 3+ window air conditioning units; Other heating fuel (see remarks)
• Interior features: Ceiling fans throughout; Chandelier; Two living areas; Washer and dryer connections
• Laundry & utility: Washer and dryer hook-ups

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $329 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Cap rate 9.9% 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: 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.
• Zoned schools: Ogden El (math 4% / reading 9%, grade F, #4,313 of 4,322 statewide, top 100%, 384 students, 97% FRL, charter); Lanier H S (math 9% / reading 15%, grade F, #1,554 of 1,632 statewide, top 95%, 1,547 students, 97% FRL) — zoned schools average 97% FRL vs 80% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+7.7%/yr); 164 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 8,308 units permitted in Bexar County in 2024 (2,506 in 5+ unit buildings).
• At $1,576/mo this rent would consume 58% of the median local household income ($32k/yr) (locally 2789% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $12k of equity ($761 loan paydown + $11k appreciation (10.0% local appreciation)).
• Bexar County population projected at +50% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 7.7% rent growth), your $31k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$42k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price; built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 77% 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 $110,000

Questions for the listing agent

1. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.43% ✓
• Cap rate: 9.88%
• Cash-on-cash: 12.80%
• DSCR: 1.57
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $152,260
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3402 W Travis	0.41mi	3/2.0 (-1)	1,309 (-1%)	7mo	$149,999	$115	68
3718 W Martin St	0.30mi	3/2.0 (-1)	1,236 (-7%)	2mo	$90,000	$73	68
3714 Martin	0.32mi	3/1.0 (-1)	1,404 (+6%)	8mo	$89,900	$64	60
3523 W Martin	0.48mi	3/2.0 (-1)	1,232 (-7%)	8mo	$85,000	$69	54
1806 Delgado St	0.38mi	3/1.0 (-1)	1,224 (-8%)	9mo	$115,000	$94	53
2614 W Poplar	0.60mi	3/2.0 (-1)	1,377 (+4%)	10mo	$229,000	$166	52
2115 Leal	0.28mi	3/1.0 (-1)	1,472 (+11%)	11mo	$100,000	$68	50
1423 Delgado St	0.63mi	3/2.0 (-1)	1,404 (+6%)	7mo	$210,000	$150	50
3023 W Travis	0.70mi	3/2.0 (-1)	1,476 (+12%)	3mo	$199,900	$135	40
819 N Hamilton Ave	0.57mi	3/1.0 (-1)	1,144 (-14%)	2mo	$55,000	$48	40
3322 W Poplar St	0.58mi	3/2.0 (-1)	1,508 (+14%)	5mo	$230,000	$153	40
107 Blueridge	0.67mi	3/2.0 (-1)	1,143 (-14%)	9mo	$200,000	$175	33

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

Projected returns pro-forma

10.0% appreciation · 7.73% rent growth · sell at horizon

5-year hold

• IRR: 36.3%
• Equity multiple: 3.88×
• Total profit: $88,819
• Equity at exit: $99,097

10-year hold

• IRR: 33.2%
• Equity multiple: 9.59×
• Total profit: $264,601
• Equity at exit: $213,706

Cash invested: $30,800 (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 78207

• Home prices YoY: 15.2%
• Rents YoY: 7.7%
• Active inventory: 164
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,576 high
• Mortgage (P&I): −$577
• Tax from tax record: −$294 /mo · $3,526/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $329

Break-even live

Break-even rent $1,160

Max offer price $110,000

Occupancy floor 74%

Sensitivity live

Price	-10% $391	-5% $360	+0% $329	+5% $297	+10% $266
Rent	-10% $204	-5% $266	+0% $329	+5% $391	+10% $453
Rate	-1.0pp $384	-0.5pp $357	base $329	+0.5pp $300	+1.0pp $271

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3918 W Martin St San Antonio, TX	3.0	1.0	1200	$1,300	$1.08	25d	1	0.16mi
1230 Rivas St San Antonio, TX	3.0	2.5	1287	$1,999	$1.55	25d	1	0.75mi
3038 W Salinas Unit 101 San Antonio, TX	3.0	2.5	1149	$1,550	$1.35	6d	1	0.76mi
2811 Buena Vista St San Antonio, TX	4.0	2.0	1750	$2,350	$1.34	25d	1	0.76mi
1231 Rivas St Unit 102 San Antonio, TX	3.0	2.0	1120	$1,299	$1.16	45d	1	0.77mi
206 Roberts St Unit 201 San Antonio, TX	3.0	2.0	1100	$1,350	$1.23	25d	1	0.83mi
214 Aztec St San Antonio, TX	3.0	2.0	973	$1,275	$1.31	16d	1	0.99mi
2425 Monterey St San Antonio, TX	3.0	2.0	1416	$1,900	$1.34	0d	1	1.02mi
230 Micklejohn St San Antonio, TX	3.0	2.0	1368	$1,595	$1.17	25d	1	1.11mi
230 Micklejohn St San Antonio, TX	3.0	2.0	1368	$1,695	$1.24	45d	1	1.11mi
2148 Texas Ave San Antonio, TX	3.0	1.0	1131	$1,375	$1.22	25d	1	1.19mi
1823 San Carlos St San Antonio, TX	3.0	2.0	1090	$1,075	$0.99	0d	1	1.21mi
155 S Josephine Tobin Dr San Antonio, TX	3.0	2.5	1782	$1,900	$1.07	23d	1	1.21mi
614 N Sabinas St San Antonio, TX	3.0	2.0	930	$1,249	$1.34	6d	1	1.27mi
2246 W Houston St San Antonio, TX	4.0	3.0	1654	$2,100	$1.27	12d	1	1.28mi
709 S Chupaderas St San Antonio, TX	3.0	2.0	1518	$1,345	$0.89	25d	1	1.29mi
811 Rivas St San Antonio, TX	3.0	2.0	1276	$1,580	$1.24	0d	1	1.30mi
811 Rivas St San Antonio, TX	3.0	2.0	1276	$1,580	$1.24	25d	1	1.30mi
2313 Texas Ave San Antonio, TX	3.0	1.0	1309	$1,400	$1.07	45d	1	1.36mi
1615 N Navidad St Unit 101 San Antonio, TX	3.0	2.0	1804	$999	$0.55	6d	1	1.36mi
155 N Josephine Tobin Dr San Antonio, TX	4.0	3.0	1782	$1,900	$1.07	16d	1	1.39mi
2607 W Craig Pl San Antonio, TX	3.0	1.0	1312	$1,475	$1.12	25d	1	1.41mi
2331 Cincinnati Ave Unit 2345 03 San Antonio, TX	3.0	1.0	950	$1,300	$1.37	5d	1	1.41mi
2331 Cincinnati Ave San Antonio, TX	1.0–3.0	1.0	850	$1,300	$1.53	14d	3	1.42mi
2530 W Woodlawn Ave San Antonio, TX	3.0	2.0	1416	$2,195	$1.55	45d	1	1.48mi
2231 W Woodlawn Ave San Antonio, TX	3.0	2.0	1744	$1,900	$1.09	25d	1	1.48mi
509 S Trinity St San Antonio, TX	3.0	1.0	921	$1,300	$1.41	6d	1	1.49mi

Listing history 16 events

1. 2026-05-19
   listed $110,000 New
2. 2026-02-12
   historical
3. 2026-02-11
   status Back on Market
4. 2026-01-31
   historical
5. 2025-12-24
   price $124,900
6. 2025-10-28
   listed $129,900 New
7. 2024-03-10
   historical
8. 2024-03-02
   price $145,000
9. 2024-02-06
   price $155,000
10. 2023-12-29
    listed $175,000 New
11. 2023-08-30
    soldstatus Sold
12. 2023-08-21
    status Pending
13. 2023-08-15
    historical Active Option
14. 2023-07-28
    listed $144,900 New
15. 2023-06-16
    soldstatus
16. 2017-07-03
    soldstatus

ⓘ 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: $3,526 · $294/mo
• Projected year-2 tax: $3,526 · $294/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 ≥109°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 77% 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: $18,914
• − Mortgage interest: −$6,162
• − Property taxes: −$3,526
• − Insurance: −$550
• − Repairs & maintenance: −$1,513
• − Management: −$1,513
• − Depreciation: −$3,200
• Taxable income: $2,450
• Est. tax owed @ 24.0%: −$588
• After-tax cash flow: $3,356/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): 55,474
• Household income: $32,472
• Rent vs Own: 59.7% rent · 40.3% own
• Severe rent burden: 2789.0

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 (88%)
• Race & ethnicity: Hispanic / Latino 88% Two or more races 41% White 6% Black 5% Native American 2%
• Hispanic origin (detail): Mexican 79%
• Foreign-born: 19% · Canada
• Languages at home: 39% English-only · Spanish 60%

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: ▲ 34.92%
• Current HPI: 264.7559
• Rent YoY: ▲ 7.73%
• 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

-24.1% since first listed

16 events — show timeline

• 2026-05-19 Listed $110,000 LERA
• 2026-02-12 Listing Removed — LERA
• 2026-02-11 Relisted — LERA
• 2026-01-31 Listing Removed — LERA
• 2025-12-24 Price Changed $124,900 LERA
• 2025-10-28 Listed $129,900 LERA
• 2024-03-10 Listing Removed — LERA
• 2024-03-02 Price Changed $145,000 LERA
• 2024-02-06 Price Changed $155,000 LERA
• 2023-12-29 Listed $175,000 LERA
• 2023-08-30 Sold (MLS) — LERA
• 2023-08-21 Pending — LERA
• 2023-08-15 Contingent — LERA
• 2023-07-28 Listed $144,900 LERA
• 2023-06-16 Sold (Public Records) — Public Records
• 2017-07-03 Sold (Public Records) — Public Records

Property tax history

+7.7%/yr

Latest (2025): $3,526 · +0.0% YoY. Source: county tax records.