904 Eldorado St · San Antonio, TX 78225

$40,000

3 bd · 1.0 ba · 932 sqft · SingleFamily public records · 26 Days on market

Built 1948 6,272 sqft lot $43/sqft · 71% below area ↓ 42% since listing

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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

Get ready to design and restore this home as you wish. Have a blast putting your own spin on this once great 3/1. The home is down to the bare bones and ready for a great rehab. The area has some very nicely upgraded homes and this one is ready for its turn!

Key facts

• 6,272 sq ft lot
• Garage
• Built 1948

Property features AI

Exterior

• Parking: Detached parking
• Utilities: Sewer system
• Home design: Pre-owned home; Approximately 78 years old; Located in NOGALITOS HEIGHTS (Division W.-Nogalitos)
• Construction: Wood shingle/shake roof
• Exterior features: Wood exterior

Interior

• Kitchen: Kitchen about 10 x 15
• Bedrooms: Master bedroom about 12 x 12; Bedroom 2 about 10 x 10; Bedroom 3 about 10 x 10
• Flooring: Other flooring (see remarks)
• Bathrooms: 1 full bathroom
• Heating & cooling: Other heating (see remarks); Other air conditioning (see remarks)
• Interior features: 1 living area

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $363 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $39k (1.5% below list) — sets the bar for market timing.
• Cap rate 30.0% 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: Hillcrest El (math 8% / reading 12%, grade F, #4,259 of 4,322 statewide, top 99%, 354 students, 93% FRL).
• Market conditions: 39 active listings in the ZIP; 40 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 34% 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 $2k of equity ($277 loan paydown + $2k 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 $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($39k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 7y 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: flood insurance adds $427/mo; built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $39,400 (1.5% below list)

Questions for the listing agent

1. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 3.37% ✓
• Cap rate: 29.99%
• Cash-on-cash: 84.63%
• DSCR: 4.77
• GRM: 2.5

CMA / ARV

• ARV (median comp): $135,949
• List price: $40,000
• Delta: -67.34%
• 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
113 Chico Aly	0.24mi	4/1.0 (+1)	900 (-3%)	5mo	$130,000	$144	74
346 Thompson	0.55mi	3/1.0	936 (+0%)	1mo	$77,000	$82	73
531 Cottonwood	0.21mi	3/1.0	1,044 (+12%)	5mo	$233,000	$223	66
719 W Malone	0.16mi	2/1.0 (-1)	830 (-11%)	5mo	$112,000	$135	65
622 Gladstone	0.51mi	3/1.0	912 (-2%)	10mo	$89,900	$99	64
941 Ripford	0.29mi	2/1.0 (-1)	832 (-11%)	1mo	$160,000	$192	63
606 Cottonwood	0.23mi	2/1.5 (-1)	1,049 (+13%)	4mo	$85,000	$81	58
122 Hoover	0.46mi	2/1.0 (-1)	1,034 (+11%)	1mo	$170,000	$164	54
147 Walton	0.37mi	2/1.0 (-1)	800 (-14%)	4mo	$219,999	$275	51
231 Carroll	0.48mi	2/1.0 (-1)	852 (-9%)	10mo	$125,000	$147	50
611 Rochambeau	0.49mi	3/2.0	1,060 (+14%)	6mo	$119,500	$113	45
347 Carroll St	0.66mi	2/1.0 (-1)	792 (-15%)	8mo	$106,000	$134	33

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: 45.9%
• Equity multiple: 3.68×
• Total profit: $29,980
• Equity at exit: $19,832

10-year hold

• IRR: 45.1%
• Equity multiple: 7.48×
• Total profit: $72,611
• Equity at exit: $32,084

Cash invested: $11,200 (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: 2.5×

Monthly cashflow live

• Estimated rent: $1,350 high
• Mortgage (P&I): −$210
• Tax est. 1.5%: −$50 /mo · $600/yr
• Insurance: −$17
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$283
• Net cashflow: $363

Break-even live

Break-even rent $890

Max offer price $40,000

Occupancy floor 68%

Sensitivity live

Price	-10% $391	-5% $377	+0% $363	+5% $350	+10% $336
Rent	-10% $257	-5% $310	+0% $363	+5% $417	+10% $470
Rate	-1.0pp $384	-0.5pp $374	base $363	+0.5pp $353	+1.0pp $342

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: $10,000
• Closing costs: $1,200
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
520 Prado St Unit 1 San Antonio, TX	2.0	1.0	620	$799	$1.29	44d	1	0.28mi
416 Collingsworth Unit 2 San Antonio, TX	2.0	1.0	570	$1,100	$1.93	44d	1	0.30mi
815 Ripford St San Antonio, TX	2.0	1.0	728	$1,300	$1.79	5d	1	0.32mi
150 Hearne San Antonio, TX	2.0	1.0	1044	$1,400	$1.34	25d	1	0.45mi
350 Barrett Pl San Antonio, TX	2.0	1.0	616	$1,225	$1.99	5d	1	0.59mi
329 Taft Blvd San Antonio, TX	2.0	2.0	862	$2,200	$2.55	2d	1	0.62mi
834 Division Ave Unit 2 San Antonio, TX	2.0	1.0	936	$950	$1.01	5d	1	0.68mi
834 Division Ave San Antonio, TX	2.0	1.0	700	$1,050	$1.50	25d	1	0.68mi
131 Elsie Unit 301 San Antonio, TX	2.0	1.0	950	$795	$0.84	5d	1	0.69mi
114 Teresa San Antonio, TX	3.0	1.0	984	$1,450	$1.47	25d	1	0.74mi
161 Kaine St San Antonio, TX	3.0	1.0	1000	$1,450	$1.45	18d	1	0.74mi
450 Taft Blvd San Antonio, TX	3.0	1.0	883	$1,295	$1.47	44d	1	0.75mi
438 Pruitt Ave #1 San Antonio, TX	2.0	1.0	980	$1,245	$1.27	44d	1	0.78mi
107 Stanley Ct Apt 3 San Antonio, TX	2.0	1.0	575	$950	$1.65	21d	1	0.85mi
226 E Malone Ave San Antonio, TX	2.0	1.0	693	$1,100	$1.59	23d	1	0.92mi
626 Kirk Pl San Antonio, TX	2.0	1.0	912	$1,100	$1.21	21d	1	0.98mi
222 Glass Ave San Antonio, TX	2.0	2.0	1007	$2,400	$2.38	44d	1	1.03mi
2600 S Flores St San Antonio, TX	2.0	1.0	705	$900	$1.28	25d	3	1.04mi
131 Klein St #1 San Antonio, TX	2.0	1.0	653	$1,395	$2.14	45d	1	1.06mi
1222 Brighton Ave Unit B San Antonio, TX	3.0	1.0	725	$999	$1.38	18d	1	1.08mi
205 W Lambert St San Antonio, TX	2.0	1.0	550	$995	$1.81	18d	1	1.10mi
120 Bank St San Antonio, TX	3.0	2.0	1035	$1,495	$1.44	44d	1	1.11mi
120 Bank St San Antonio, TX	3.0	2.0	1035	$1,450	$1.40	21d	1	1.11mi
205 Mockert San Antonio, TX	2.0	1.0	864	$1,050	$1.22	25d	1	1.13mi
1901 S San Marcos Unit 710 San Antonio, TX	2.0	2.0	985	$1,147	$1.16	4d	1	1.17mi
125 Forrest Ave San Antonio, TX	2.0	1.0	616	$1,275	$2.07	17d	1	1.17mi
323 W Mitchell St San Antonio, TX	1.0–2.0	1.0–2.0	788	$1,257	$1.59	4d	1	1.21mi
142 Helena St San Antonio, TX	2.0	1.0	840	$1,350	$1.61	5d	1	1.24mi
611 Brunswick Blvd San Antonio, TX	3.0	2.0	1080	$1,700	$1.57	25d	1	1.28mi
611 Brunswick Blvd San Antonio, TX	3.0	2.0	1080	$1,700	$1.57	15d	1	1.28mi
108 Beatrice Ave Unit 102 San Antonio, TX	3.0	1.0	828	$1,345	$1.62	45d	1	1.30mi
271 E Lambert St San Antonio, TX	3.0	1.0	950	$1,250	$1.32	21d	1	1.31mi
319 Noria St San Antonio, TX	3.0	1.0	1002	$1,100	$1.10	25d	1	1.32mi
326 Stonewall St San Antonio, TX	3.0	1.0	1080	$1,200	$1.11	25d	1	1.34mi
110 Dowdy St San Antonio, TX	3.0	1.0	1120	$1,395	$1.25	25d	1	1.37mi
327 Gem Ln San Antonio, TX	2.0	1.0	786	$1,600	$2.04	12d	1	1.37mi
121 E Mitchell St San Antonio, TX	2.0	1.0	528	$850	$1.61	44d	1	1.38mi
1938 S Zarzamora St Unit 710 San Antonio, TX	2.0	2.0	955	$1,102	$1.15	4d	1	1.42mi
2003 S Zarzamora St San Antonio, TX	1.0–4.0	1.0–2.0	1028	$1,257	$1.22	25d	1	1.42mi
3103 Neptune St San Antonio, TX	3.0	2.0	1008	$1,350	$1.34	44d	1	1.47mi

Listing history 32 events

1. 2026-06-21
   days on market $40,000 Active 26 DOM
2. 2026-06-18
   days on market $40,000 Active 23 DOM
3. 2026-06-17
   days on market $40,000 Active 22 DOM
4. 2026-06-16
   days on market $40,000 Active 21 DOM
5. 2026-06-15
   days on market $40,000 Active 20 DOM
6. 2026-06-13
   days on market $40,000 Active 18 DOM
7. 2026-06-09
   days on market $40,000 Active 14 DOM
8. 2026-06-08
   days on market $40,000 Active 13 DOM
9. 2026-06-07
   statusdays on market $40,000 Active 12 DOM
10. 2026-06-04
    days on market $40,000 New 9 DOM
11. 2026-06-03
    days on market $40,000 New 8 DOM
12. 2026-06-02
    days on market $40,000 New 7 DOM
13. 2026-06-01
    days on market $40,000 New 6 DOM
14. 2026-05-31
    days on market $40,000 New 5 DOM
15. 2026-05-18
    status Pending 261-char remark

    Show marketing remark (261 chars)

    Get ready to design and restore this home as you wish. Have a blast putting your own spin on this once great 3/1. The home is down to the bare bones and ready for a great rehab. The area has some very nicely upgraded homes and this one is ready for its turn!

16. 2026-05-07
    price $44,400 261-char remark

    Show marketing remark (261 chars)

    Get ready to design and restore this home as you wish. Have a blast putting your own spin on this once great 3/1. The home is down to the bare bones and ready for a great rehab. The area has some very nicely upgraded homes and this one is ready for its turn!

17. 2026-05-01
    price $54,250 261-char remark

    Show marketing remark (261 chars)

    Get ready to design and restore this home as you wish. Have a blast putting your own spin on this once great 3/1. The home is down to the bare bones and ready for a great rehab. The area has some very nicely upgraded homes and this one is ready for its turn!

18. 2026-04-15
    price $54,750 261-char remark

    Show marketing remark (261 chars)

    Get ready to design and restore this home as you wish. Have a blast putting your own spin on this once great 3/1. The home is down to the bare bones and ready for a great rehab. The area has some very nicely upgraded homes and this one is ready for its turn!

19. 2026-03-09
    price $54,900 261-char remark

    Show marketing remark (261 chars)

    Get ready to design and restore this home as you wish. Have a blast putting your own spin on this once great 3/1. The home is down to the bare bones and ready for a great rehab. The area has some very nicely upgraded homes and this one is ready for its turn!

20. 2026-01-28
    listed $55,000 New 261-char remark

    Show marketing remark (261 chars)

    Get ready to design and restore this home as you wish. Have a blast putting your own spin on this once great 3/1. The home is down to the bare bones and ready for a great rehab. The area has some very nicely upgraded homes and this one is ready for its turn!

21. 2022-02-07
    historical
22. 2021-12-05
    price $80,500
23. 2021-10-06
    price $81,500
24. 2021-09-25
    price $81,900
25. 2021-09-06
    price $83,900
26. 2021-08-17
    listed $85,000 New
27. 2019-07-10
    soldstatus Sold
28. 2019-07-08
    status Pending
29. 2019-06-27
    historical Active Option
30. 2019-06-19
    listed $69,000 New
31. 2019-05-15
    soldstatus
32. 2009-02-13
    soldstatus

ⓘ 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 AE · 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 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: $16,198
• − Mortgage interest: −$2,241
• − Property taxes: −$600
• − Insurance: −$5,318
• − Repairs & maintenance: −$1,296
• − Management: −$1,296
• − Depreciation: −$1,164
• Taxable income: $4,283
• Est. tax owed @ 24.0%: −$1,028
• After-tax cash flow: $3,332/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

-42.0% since first listed

21 events — show timeline

• 2026-05-26 Listed $40,000 LERA
• 2026-05-22 Sold (MLS) — LERA
• 2026-05-22 Sold (Public Records) — Public Records
• 2026-05-18 Pending — LERA
• 2026-05-07 Price Changed $44,400 LERA
• 2026-05-01 Price Changed $54,250 LERA
• 2026-04-15 Price Changed $54,750 LERA
• 2026-03-09 Price Changed $54,900 LERA
• 2026-01-28 Listed $55,000 LERA
• 2022-02-07 Listing Removed — LERA
• 2021-12-05 Price Changed $80,500 LERA
• 2021-10-06 Price Changed $81,500 LERA
• 2021-09-25 Price Changed $81,900 LERA
• 2021-09-06 Price Changed $83,900 LERA
• 2021-08-17 Listed $85,000 LERA
• 2019-07-10 Sold (MLS) — LERA
• 2019-07-08 Pending — LERA
• 2019-06-27 Contingent — LERA
• 2019-06-19 Listed $69,000 LERA
• 2019-05-15 Sold (Public Records) — Public Records
• 2009-02-13 Sold (Public Records) — Public Records

Property tax history

+7.3%/yr

Latest (2025): $2,518 · -3.8% YoY. Source: county tax records.