19003 Encanto Aly · San Antonio, TX 78264

$185,999

3 bd · 2.0 ba · 1,411 sqft · SingleFamily · 38 Days on market

Built 2026 Poor condition 4,791 sqft lot Est $216k · 14% under $35/mo HOA · 2% of rent ↓ 14% since listing

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Why this score? — see what drove the C 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 +16.3/30.0
• ARV discount +13.7/15.0
• Appreciation +7.0/10.0
• DSCR +5.0/10.0
• 1% rule +4.7/10.0
• Livability +4.0/5.0
• Schools +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0

Listing remarks

The Idlewood - This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining, along with access to an outdoor space. An owner's suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are two secondary bedrooms at the front of the home, ideal for household members and overnight guests. Estimated Completion June 2026. The completion date, prices and features may vary and are subject to change. Please verify with Lennar directly. Photos are for illustrative purposes only.

Key facts

• Walk-in closet
• Open floorplan
• Outdoor space

Tags

• OPEN FLOORPLAN
• OUTDOOR SPACE
• OWNER'S SUITE
• EN-SUITE BATHROOM
• WALK-IN CLOSET
• TWO SECONDARY BEDROOMS

Property features AI

Finance

• Financial info: Down payment resources available
• HOA & community: Mandatory HOA; HOA fee $425 annually; Association transfer fee $450

Exterior

• Parking: 2-car garage
• Utilities: Water service: SAWS; Sewer service: SAWS; Electricity: CPS; Garbage service: Frontier
• Home design: New construction by Lennar; Cement fiber exterior
• Construction: Slab foundation; Composition roof
• Exterior features: Privacy fence

Interior

• Kitchen: Stove/Range; Dishwasher
• Bedrooms: Primary bedroom on lower level (14 x 15); Bedroom 2 (11 x 12); Bedroom 3 (11 x 12); Primary bedroom has full bath
• Flooring: Carpeting; Vinyl flooring
• Bathrooms: 2 full bathrooms; Primary bathroom with tub/shower combination (8 x 6)
• Heating & cooling: Central heating; Electric heat; Natural gas heat; Central air conditioning
• Interior features: Open floor plan; Breakfast bar; Cable TV available; Utility room inside; 1 living area
• Laundry & utility: Washer connection; Dryer connection; Laundry on main level

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $186k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $102 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $180k (3.2% below list).
• Recommended offer: $180k (3.2% below list) — sets the bar for 1% rule.
• Cap rate 6.9% 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.
• Somerset ISD (rural): math 41% / reading 39% proficiency, ranked #417 of 826 in TX (top 50%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: S/Sgt Michael P Barrera Veterans El (math 42% / reading 37%, grade F, #1,545 of 4,322 statewide, top 38%, 583 students, 89% FRL); Somerset H S (math 12% / reading 25%, grade F, #1,436 of 1,632 statewide, top 88%, 1,148 students, 86% FRL) — zoned schools average 87% FRL vs 72% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 328 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 8,308 units permitted in Bexar County in 2024 (2,506 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($1k loan paydown + $7k appreciation (3.9% local appreciation)).
• Bexar County population projected at +50% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.9% appreciation + 3.0% rent growth), your $52k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($180k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $180,000 (3.2% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.97% ✗
• Cap rate: 6.95%
• Cash-on-cash: 2.34%
• DSCR: 1.10
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $215,883
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3723 Garcia Grv	0.03mi	3/2.0	1,411 (0%)	3mo	$215,999	$153	96
19012 Encanto Aly	0.05mi	3/2.0	1,402 (-1%)	1mo	$171,999	$123	96
3715 Garcia Grv	0.03mi	3/2.0	1,402 (-1%)	2mo	$193,999	$138	96
19008 Arco Aly	0.13mi	3/2.0	1,402 (-1%)	13mo	$204,310	$146	82
4015 Garcia Grv	0.18mi	3/2.0	1,402 (-1%)	14mo	$219,900	$157	79
19004 Arco Aly	0.13mi	3/2.0	1,459 (+3%)	13mo	$237,610	$163	77
3727 Garcia Grv	0.03mi	3/2.0	1,600 (+13%)	2mo	$208,999	$131	74
4007 Garcia Grv	0.16mi	3/2.0	1,459 (+3%)	16mo	$219,900	$151	74
19004 Encanto Aly	0.04mi	4/2.0 (+1)	1,575 (+12%)	1mo	$201,999	$128	73
19007 Arco Aly	0.16mi	3/2.0	1,248 (-12%)	11mo	$195,610	$157	64
3923 Garcia Grv	0.14mi	3/2.0	1,248 (-12%)	13mo	$206,845	$166	63
4011 Garcia Grv	0.17mi	3/2.0	1,248 (-12%)	15mo	$207,900	$167	60

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

Projected returns pro-forma

3.94% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 12.2%
• Equity multiple: 1.74×
• Total profit: $38,396
• Equity at exit: $93,708

10-year hold

• IRR: 13.7%
• Equity multiple: 3.24×
• Total profit: $116,471
• Equity at exit: $152,793

Cash invested: $52,080 (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 78264

• Home prices YoY: 1.3%
• Active inventory: 328
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,800 medium
• Mortgage (P&I): −$975
• Tax est. 1.5%: −$232 /mo · $2,790/yr
• Insurance: −$77
• HOA: −$35
• Vacancy / Maint / Mgmt: −$378
• Net cashflow: $102

Break-even live

Break-even rent $1,671

Max offer price $185,999

Occupancy floor 89%

Sensitivity live

Price	-10% $230	-5% $166	+0% $102	+5% $37	+10% $-27
Rent	-10% $-41	-5% $31	+0% $102	+5% $173	+10% $244
Rate	-1.0pp $195	-0.5pp $149	base $102	+0.5pp $53	+1.0pp $4

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: $46,500
• Closing costs: $5,580
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4206 April Breeze Unit 103 Von Ormy, TX	3.0	2.5	1832	$1,800	$0.98	21d	1	0.64mi

HOA detail

• Monthly dues: $35 · $420/yr

Listing history 5 events

1. 2026-05-21
   status Pending
2. 2026-05-13
   price $185,999
3. 2026-05-08
   price $190,999
4. 2026-04-30
   price $210,999
5. 2026-04-13
   listed $215,999 New

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 22 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,600
• − Mortgage interest: −$10,419
• − Property taxes: −$2,790
• − Insurance: −$930
• − Repairs & maintenance: −$1,728
• − Management: −$1,728
• − HOA: −$420
• − Depreciation: −$5,411
• Taxable loss: −$1,826
• Est. tax savings @ 24.0%: +$438
• After-tax cash flow: $1,657/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.

Condition & rehab AI · 3 photos

Poor 20/100 Extensive rehab

The home requires extensive repairs and maintenance, including roof, exterior siding, and landscaping. Immediate action is needed to improve its condition and increase its value.

Repairs flagged

• Major roof — The independent image shows visible damage and missing shingles.
• Major exterior siding — The independent image shows siding with peeling paint and visible wear.
• Major landscaping — The independent image shows a lot with sparse vegetation and no visible landscaping or curb appeal.
• Major interior walls and paint — No interior walls or paint are visible in the photos, indicating potential issues not captured in the photos.

Value-add opportunities

• Both roof repair — Repairing the roof would improve the home's appearance and functionality.
• Both exterior siding repair — Repairing the siding would improve the home's appearance and curb appeal.
• Both landscaping — Landscaping would improve the home's curb appeal and increase its resale value.
• Both interior painting — Painting the interior walls would improve the home's appearance and increase its rental value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · The independent image shows visible damage and missing shingles.	Major	$15,000–50,000
exterior siding · The independent image shows siding with peeling paint and visible wear.	Major	$15,000–50,000
landscaping · The independent image shows a lot with sparse vegetation and no visible landscaping or curb appeal.	Major	$15,000–50,000
interior walls and paint · No interior walls or paint are visible in the photos, indicating potential issues not captured in the photos.	Major	$15,000–50,000
Total estimated repair cost · 4 items		$60,000–200,000

Value-add ROI direction

• Both roof repair — Repairing the roof would improve the home's appearance and functionality. ↑
• Both exterior siding repair — Repairing the siding would improve the home's appearance and curb appeal. ↑
• Both landscaping — Landscaping would improve the home's curb appeal and increase its resale value. ↑
• Both interior painting — Painting the interior walls would improve the home's appearance and increase its rental value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Somerset ISD
• NCES district ID: 4840740
• Math proficiency: 41% ▬ 0.00%
• Reading proficiency: 39% ▲ 4.00%
• Median HH income: $44,712
• Composite: 34.01/100
• National rank: #5315
• State rank: #417 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

• City population: 1,806,925
• Population (ZIP): 11,702

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 (80%)
• Race & ethnicity: Hispanic / Latino 80% Two or more races 35% White 17% Black 2% Native American 1%
• Hispanic origin (detail): Mexican 73%
• Common ancestry: Lithuanian 1% Serbian 1% Greek 1%
• Foreign-born: 14% · Canada
• Languages at home: 48% English-only · Spanish 51% Tagalog/Filipino 0%

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: ▲ 3.94%
• Current HPI: 298.8446
• Rent YoY: —
• Metro: —
• 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

-13.9% since first listed

5 events — show timeline

• 2026-05-21 Pending — LERA
• 2026-05-13 Price Changed $185,999 LERA
• 2026-05-08 Price Changed $190,999 LERA
• 2026-04-30 Price Changed $210,999 LERA
• 2026-04-13 Listed $215,999 LERA