CashFlowRE
Sign in Sign up
837 Nevada St
B Composite 73.39
Why this score? — see what drove the B 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 +29.2/30.0
  • DSCR +10.0/10.0
  • 1% rule +8.2/10.0
  • ARV discount +7.5/15.0
  • Appreciation +5.7/10.0
  • Rent growth +5.0/5.0
  • Livability +4.0/5.0
  • Condition / age +2.5/5.0
  • Schools +1.4/10.0

$160,000

837 Nevada St · San Antonio, TX 78203
3 bd · 2.0 ba · 2,152 sqft · SingleFamily public records · 199 Days on market
Built 1960 7,980 sqft lot $74/sqft · 52% below area

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Location, Location, Location. Minutes from downtown, Alamo Dome, Riverwalk, AT & T Center. Multi Family/Residential Investment property. Home needs work. 4 bedrooms 2 full baths. Two car garage. Serious Investor looking to Rent, Buy/Hold, Fix/Flip or tear down build Duplex/4plex- Land value $179k- endless strategies and possibilities.

Key facts

  • 7,980 sq ft lot
  • Built 1960
  • Listed 199 days

Tags

ENDLESS POSSIBILITIES

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $160k.

Deal economics

  • At list price, monthly cash flow is $558 ($7k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $160k).
  • Recommended offer: $141k (12.0% below list) — sets the bar for market timing.
  • Cap rate 10.5% 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: Rents rising fast (+10.9%/yr); 99 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $2,106/mo this rent would consume 71% of the median local household income ($36k/yr) (locally 470% 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 $3k of equity ($1k loan paydown + $2k appreciation (1.3% local appreciation)).
  • Bexar County population projected at +50% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (1.3% appreciation + 8.0% rent growth), your $45k cash investment doubles in ~4 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 199 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
  • 8 sale attempts since 21y 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

  • Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $140,800 (12.0% below list)

Questions for the listing agent

  1. It's been on market 199 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  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
1.32%
Cap rate
10.48%
Cash-on-cash
14.94%
DSCR
1.66
GRM
6.3

CMA / ARV

ARV (median comp)
$335,553
List price
$160,000
Delta
-52.32%
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
1018 Wyoming 0.27mi 3/2.5 2,112 (-2%) 1mo $420,000 $199 82
1118 Wyoming St 0.20mi 3/3.0 2,040 (-5%) 12mo $269,900 $132 68
926 Martin Luther King Dr 0.21mi 3/2.5 1,982 (-8%) 10mo $290,000 $146 67
222 S Olive St #2102 0.26mi 3/3.5 2,073 (-4%) 12mo $740,000 $357 65
137 Alabama St 0.04mi 3/2.5 1,846 (-14%) 10mo $399,999 $217 64
222 S Olive St #2101 0.26mi 3/3.5 2,073 (-4%) 16mo $735,000 $355 63
211 Piedmont Ave 0.24mi 3/2.0 1,976 (-8%) 16mo $325,000 $164 62
222 S Olive St #1102 0.26mi 3/3.5 2,073 (-4%) 17mo $725,000 $350 61
1014 Montana 0.28mi 3/2.5 1,855 (-14%) 9mo $195,000 $105 55
156 Porter St 0.63mi 4/2.0 (+1) 2,194 (+2%) 16mo $150,000 $68 49
1520 Virginia Blvd 0.72mi 4/3.0 (+1) 2,280 (+6%) 3mo $400,000 $175 45
416 Denver Blvd 0.71mi 3/3.0 2,358 (+10%) 19mo $165,000 $70 31

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

Projected returns pro-forma

1.34% appreciation · 8.0% rent growth · sell at horizon

5-year hold
IRR
21.5%
Equity multiple
2.17×
Total profit
$52,330
Equity at exit
$57,433
10-year hold
IRR
27.1%
Equity multiple
4.92×
Total profit
$175,453
Equity at exit
$78,547

Cash invested: $44,800 (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.

ZIP-level market 78203

Home prices YoY
0.5%
Rents YoY
10.9%
Active inventory
99
Price-to-rent
6.3×

Monthly cashflow live

Estimated rent
$2,106 high interval (Pro) →
Mortgage (P&I)
$839
Tax est. 1.5%
$200 /mo · $2,400/yr
Insurance
$67
HOA
$0
Vacancy / Maint / Mgmt
$442
Net cashflow
$558

Break-even live

Break-even rent $1,400
Max offer price $160,000
Occupancy floor 69%

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
$40,000
Closing costs
$4,800
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
114 Gravel St San Antonio, TX 4.0 3.5 1936 $2,095 $1.08 4d 1 0.16mi
507 S Palmetto San Antonio, TX 3.0 2.5 2720 $1,230 $0.45 3d 1 0.21mi
802 Montana St Unit 2 San Antonio, TX 3.0 1.0 1440 $1,500 $1.04 10d 1 0.23mi
218 S Olive St #2101 San Antonio, TX 3.0 3.5 1800 $3,199 $1.78 43d 1 0.23mi
222 S Olive St #1102 San Antonio, TX 3.0 3.5 2073 $2,500 $1.21 43d 1 0.25mi
222 S Olive St San Antonio, TX 3.0 3.5 2073 $2,500 $1.21 43d 1 0.25mi
326 Cactus St San Antonio, TX 3.0 2.5 2059 $2,500 $1.21 23d 1 0.27mi
707 S Olive St Unit B San Antonio, TX 3.0 2.0 2054 $1,500 $0.73 44d 1 0.29mi
104 Shenandoah San Antonio, TX 3.0 2.5 1580 $1,925 $1.22 17d 1 0.36mi
204 S Hackberry St Unit 204-A S Hackberry San Antonio, TX 4.0 2.0 2658 $1,550 $0.58 44d 1 0.37mi
1138 Iowa St San Antonio, TX 3.0 2.0 1505 $1,650 $1.10 23d 1 0.38mi
610 Virginia Blvd Unit 2 San Antonio, TX 3.0 1.0 1722 $1,150 $0.67 4d 1 0.39mi
704 Cuney Way San Antonio, TX 4.0 2.0 1528 $2,600 $1.70 23d 1 0.47mi
1021 S Hackberry St Unit 201 San Antonio, TX 3.0 3.5 1747 $2,950 $1.69 43d 1 0.53mi
1618 Dakota St Unit 102 San Antonio, TX 3.0 2.5 1768 $1,925 $1.09 16d 1 0.58mi
827 Florida St Unit 101 San Antonio, TX 3.0 2.5 1426 $1,950 $1.37 43d 1 0.67mi
631 Potomac San Antonio, TX 3.0 2.5 1844 $1,797 $0.97 23d 1 0.68mi
343 Porter St #101 San Antonio, TX 3.0 2.5 1600 $2,100 $1.31 4d 1 0.69mi
1210 S New Braunfels Ave San Antonio, TX 3.0 2.5 2790 $1,500 $0.54 43d 1 0.70mi
212 Cooper St Unit A San Antonio, TX 3.0 3.0 1750 $1,625 $0.93 43d 1 0.71mi
212 Cooper St Unit A San Antonio, TX 3.0 3.0 1750 $1,550 $0.89 23d 1 0.71mi
531 Essex St Unit 202 San Antonio, TX 3.0 2.5 1514 $2,000 $1.32 23d 1 0.75mi
627 Essex St San Antonio, TX 3.0 2.5 1402 $1,850 $1.32 23d 1 0.77mi
1111 Gibbs San Antonio, TX 3.0 2.0 1476 $1,595 $1.08 23d 1 0.79mi
147 Vine St San Antonio, TX 3.0 3.0 1438 $1,700 $1.18 23d 1 0.81mi
215 Center St #307 San Antonio, TX 2.0 2.0 1424 $2,350 $1.65 19d 1 0.82mi
215 Center St #307 San Antonio, TX 2.0 2.0 1424 $2,350 $1.65 23d 1 0.82mi
612 Leigh St San Antonio, TX 4.0 3.0 2357 $4,000 $1.70 43d 1 0.83mi
423 N Mesquite St San Antonio, TX 3.0 2.5 1925 $1,750 $0.91 12d 1 0.84mi
115 Saint Charles San Antonio, TX 3.0 2.0 1680 $2,050 $1.22 10d 1 0.86mi
1723 E Crockett St San Antonio, TX 3.0 3.0 1819 $1,800 $0.99 23d 1 0.89mi
1727 E Crockett St San Antonio, TX 3.0 3.0 1819 $1,725 $0.95 19d 1 0.89mi
2306 E Houston St Unit 1328945P San Antonio, TX 3.0–4.0 2.0 4095 $2,417 $0.59 4d 2 0.92mi
1010 Burnet St San Antonio, TX 3.0 2.5 1886 $1,995 $1.06 4d 1 0.95mi
2332 E Houston St San Antonio, TX 3.0 2.0 1652 $1,550 $0.94 23d 1 0.96mi
817 Potomac San Antonio, TX 3.0 2.5 1508 $1,795 $1.19 23d 1 0.96mi
515 Nolan St San Antonio, TX 4.0 2.0 1928 $3,500 $1.82 43d 1 0.97mi
318 Ferguson Ave Unit 1 San Antonio, TX 3.0 2.0 1450 $1,550 $1.07 4d 1 0.97mi
311 Refugio St #101 San Antonio, TX 3.0 2.5 1556 $3,200 $2.06 17d 1 0.99mi
119 W Drexel Ave San Antonio, TX 4.0 2.0 1592 $1,400 $0.88 43d 1 1.01mi

Listing history 36 events

  1. 2026-06-18
    days on market $160,000 Active 199 DOM
  2. 2026-06-17
    days on market $160,000 Active 198 DOM
  3. 2026-06-16
    days on market $160,000 Active 197 DOM
  4. 2026-06-15
    days on market $160,000 Active 196 DOM
  5. 2026-06-13
    days on market $160,000 Active 194 DOM
  6. 2026-06-09
    days on market $160,000 Active 190 DOM
  7. 2026-06-08
    days on market $160,000 Active 189 DOM
  8. 2026-06-07
    days on market $160,000 Active 188 DOM
  9. 2026-06-04
    days on market $160,000 Active 185 DOM
  10. 2026-06-03
    days on market $160,000 Active 184 DOM
  11. 2026-06-02
    days on market $160,000 Active 183 DOM
  12. 2026-06-01
    days on market $160,000 Active 182 DOM
  13. 2026-05-31
    days on market $160,000 Active 181 DOM
  14. 2025-12-31
    historical
  15. 2025-12-01
    listed $160,000 Active 340-char remark
    Show marketing remark (340 chars)

    Location, Location, Location. Minutes from downtown, Alamo Dome, Riverwalk, AT & T Center. Multi Family/Residential Investment property. Home needs work. 4 bedrooms 2 full baths. Two car garage. Serious Investor looking to Rent, Buy/Hold, Fix/Flip or tear down build Duplex/4plex- Land value $179k- endless strategies and possibilities.

  16. 2025-10-23
    price $160,000
  17. 2025-10-06
    status Back on Market
  18. 2025-10-02
    historical
  19. 2025-09-11
    price $165,000
  20. 2025-04-16
    price $169,000
  21. 2025-02-10
    status Back on Market
  22. 2025-02-04
    historical Active Option
  23. 2025-01-24
    status Back on Market
  24. 2025-01-19
    historical Active Option
  25. 2024-12-13
    status Back on Market
  26. 2024-11-22
    historical
  27. 2024-09-22
    listed $179,000 New
  28. 2024-09-04
    soldstatus
  29. 2007-08-02
    soldstatus
  30. 2006-11-06
    soldstatus
  31. 2006-10-31
    soldstatus
  32. 2006-10-18
    listed $28,900
  33. 2005-10-11
    soldstatus
  34. 2005-06-15
    soldstatus
  35. 2005-06-03
    soldstatus
  36. 2005-01-06
    listed $65,000

ⓘ 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 1/10 Low
  • 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 20 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$25,271
− Mortgage interest
−$8,962
− Property taxes
−$2,400
− Insurance
−$800
− Repairs & maintenance
−$2,022
− Management
−$2,022
− Depreciation
−$4,655
Taxable income
$4,410
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,058
After-tax cash flow
$5,637/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)
5,200
Household income
$35,536
Rent vs Own
54.9% rent · 45.1% own
Severe rent burden
470.0

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 (84%)
Race & ethnicity
Hispanic / Latino 84% Two or more races 37% Black 8% White 7% Native American 1%
Hispanic origin (detail)
Mexican 67% Puerto Rican 3%
Common ancestry
Portuguese 2% Lithuanian 2%
Foreign-born
18% · Canada
Languages at home
53% English-only · Spanish 46%

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
▲ 1.34%
Current HPI
257.4183
Rent YoY
▲ 10.86%
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

Price history

+146.2% since first listed
23 events — show timeline
  • 2025-12-31 Listing Removed LERA
  • 2025-12-01 Listed $160,000 ForSaleByOwner.com
  • 2025-10-23 Price Changed $160,000 LERA
  • 2025-10-06 Relisted LERA
  • 2025-10-02 Listing Removed LERA
  • 2025-09-11 Price Changed $165,000 LERA
  • 2025-04-16 Price Changed $169,000 LERA
  • 2025-02-10 Relisted LERA
  • 2025-02-04 Contingent LERA
  • 2025-01-24 Relisted LERA
  • 2025-01-19 Contingent LERA
  • 2024-12-13 Relisted LERA
  • 2024-11-22 Listing Removed LERA
  • 2024-09-22 Listed $179,000 LERA
  • 2024-09-04 Sold (Public Records) Public Records
  • 2007-08-02 Sold (Public Records) Public Records
  • 2006-11-06 Sold (Public Records) Public Records
  • 2006-10-31 Sold (MLS) LERA
  • 2006-10-18 Listed $28,900 LERA
  • 2005-10-11 Sold (Public Records) Public Records
  • 2005-06-15 Sold (MLS) LERA
  • 2005-06-03 Sold (Public Records) Public Records
  • 2005-01-06 Listed $65,000 LERA

Property tax history

+11.5%/yr

Latest (2025): $9,736 · +0.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…