3019 W Houston · San Antonio, TX 78207

$119,000

2 bd · 1.0 ba · 1,102 sqft · SingleFamily public records · 74 Days on market

Built 1940 6,011 sqft lot $108/sqft · 27% below area Est $162k · 27% under ↓ 11% 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 +20.4/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +6.5/10.0
• 1% rule +6.3/10.0
• Rent growth +4.4/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0

Listing remarks MLS

This property presents a great opportunity for both homeowners and investors alike. With move-in ready interiors, it's ideal for buyers seeking a home in an up-and-coming location just minutes from downtown. Investors will also appreciate the potential for upgrades, whether as a flip or rental. Schedule your showing today to see the possibilities firsthand.

Key facts

• 6,011 sq ft lot
• Built 1940
• Listed 74 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $119k.

Deal economics

• At list price, monthly cash flow is $155 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $119k).
• Recommended offer: $112k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.9% 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: 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 (+7.7%/yr); 165 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); lower-income renter base — watch delinquency; 8,308 units permitted in Bexar County in 2024 (2,506 in 5+ unit buildings).
• At $1,346/mo this rent would consume 50% 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 $13k of equity ($823 loan paydown + $12k 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 $33k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 74 days — a 6% lower offer ($112k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 76% 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 $111,860 (6.0% below list)

Questions for the listing agent

1. It's been on market 74 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 1940 — 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: 1.13% ✓
• Cap rate: 7.85%
• Cash-on-cash: 5.57%
• DSCR: 1.25
• GRM: 7.4

CMA / ARV

• ARV (median comp): $162,180
• List price: $119,000
• Delta: -26.62%
• 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
3003 W Travis	0.07mi	3/2.0 (+1)	1,110 (+1%)	9mo	$130,000	$117	79
3430 Commerce	0.42mi	2/1.0	1,164 (+6%)	8mo	$49,500	$43	64
819 N Hamilton Ave	0.50mi	3/1.0 (+1)	1,144 (+4%)	2mo	$55,000	$48	64
2811 W Travis	0.18mi	3/2.0 (+1)	1,215 (+10%)	8mo	$189,000	$156	59
3022 EL Paso	0.66mi	3/2.0 (+1)	1,100 (-0%)	2mo	$99,000	$90	58
2710 W Cesar E Chavez	0.40mi	3/2.0 (+1)	1,190 (+8%)	2mo	$120,000	$101	58
102 S Rosillo	0.24mi	3/2.0 (+1)	984 (-11%)	6mo	$75,000	$76	57
3523 W Martin	0.29mi	3/2.0 (+1)	1,232 (+12%)	8mo	$85,000	$69	51
3718 W Martin St	0.43mi	3/2.0 (+1)	1,236 (+12%)	2mo	$90,000	$73	49
2606 W Travis St	0.32mi	3/1.0 (+1)	1,266 (+15%)	11mo	$134,900	$107	46
3225 Buena Vis	0.37mi	3/2.0 (+1)	1,260 (+14%)	13mo	$220,000	$175	39
2027 Ruiz	0.65mi	2/1.0	952 (-14%)	11mo	$149,900	$157	38

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: 30.4%
• Equity multiple: 3.44×
• Total profit: $81,450
• Equity at exit: $107,205

10-year hold

• IRR: 28.0%
• Equity multiple: 8.46×
• Total profit: $248,714
• Equity at exit: $231,191

Cash invested: $33,320 (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: 165
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,346 high
• Mortgage (P&I): −$624
• Tax from tax record: −$235 /mo · $2,825/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$283
• Net cashflow: $155

Break-even live

Break-even rent $1,151

Max offer price $119,000

Occupancy floor 84%

Sensitivity live

Price	-10% $222	-5% $188	+0% $155	+5% $121	+10% $87
Rent	-10% $48	-5% $101	+0% $155	+5% $208	+10% $261
Rate	-1.0pp $215	-0.5pp $185	base $155	+0.5pp $124	+1.0pp $92

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3038 W Salinas Unit 101 San Antonio, TX	3.0	2.5	1149	$1,550	$1.35	5d	1	0.14mi
234 Gould St Unit 102 San Antonio, TX	2.0	1.5	948	$1,195	$1.26	5d	1	0.18mi
2425 Monterey St San Antonio, TX	3.0	2.0	1416	$1,900	$1.34	0d	1	0.28mi
2619 W Houston St San Antonio, TX	3.0	1.0	776	$1,800	$2.32	45d	1	0.29mi
214 Aztec St San Antonio, TX	3.0	2.0	973	$1,275	$1.31	16d	1	0.39mi
1407 Leal St Unit 3 San Antonio, TX	1.0	1.0	1312	$800	$0.61	45d	1	0.47mi
2120 Monterey St Unit 102 San Antonio, TX	2.0	2.0	1220	$1,450	$1.19	12d	1	0.48mi
2120 Monterey St Unit 102 San Antonio, TX	2.0	2.0	1220	$1,490	$1.22	45d	1	0.48mi
1545 Ruiz St San Antonio, TX	2.0	2.0	1020	$935	$0.92	45d	1	0.55mi
3918 W Martin St San Antonio, TX	3.0	1.0	1200	$1,300	$1.08	25d	1	0.59mi
614 N Sabinas St San Antonio, TX	3.0	2.0	930	$1,249	$1.34	5d	1	0.65mi
2721 Colima St San Antonio, TX	2.0	1.0	700	$1,250	$1.79	16d	1	0.73mi
1230 Rivas St San Antonio, TX	3.0	2.5	1287	$1,999	$1.55	25d	1	0.75mi
509 S Trinity St San Antonio, TX	3.0	1.0	921	$1,300	$1.41	5d	1	0.75mi
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	0.77mi
2812 Vera Cruz San Antonio, TX	1.0	2.0	1060	$1,200	$1.13	5d	1	0.83mi
1820 W Houston St San Antonio, TX	3.0	2.0	1132	$2,300	$2.03	45d	1	0.83mi
1711 W Cesar E Chavez Blvd Unit 1 San Antonio, TX	3.0	1.0	800	$1,275	$1.59	45d	1	0.85mi
811 Rivas St San Antonio, TX	3.0	2.0	1276	$1,580	$1.24	25d	1	0.92mi
811 Rivas St San Antonio, TX	3.0	2.0	1276	$1,580	$1.24	0d	1	0.92mi
1823 San Carlos St San Antonio, TX	3.0	2.0	1090	$1,075	$0.99	0d	1	0.95mi
230 Micklejohn St San Antonio, TX	3.0	2.0	1368	$1,595	$1.17	25d	1	0.95mi
230 Micklejohn St San Antonio, TX	3.0	2.0	1368	$1,695	$1.24	45d	1	0.95mi
215 S Brazos St San Antonio, TX	3.0	1.0	900	$1,350	$1.50	5d	1	0.96mi
2311 Potosi St San Antonio, TX	3.0	1.0	864	$1,600	$1.85	45d	1	1.06mi
2503 Arbor Pl San Antonio, TX	2.0	1.0	750	$800	$1.07	45d	1	1.10mi
122 Collins Ct San Antonio, TX	2.0	1.0	927	$1,150	$1.24	23d	1	1.12mi
542 Rivas St Unit B San Antonio, TX	3.0	2.0	876	$985	$1.12	0d	1	1.13mi
1209 El Paso St San Antonio, TX	2.0	1.0	966	$975	$1.01	25d	1	1.14mi
717 N Colorado St San Antonio, TX	3.0	1.0	1100	$1,199	$1.09	45d	1	1.16mi
610 Ruiz St Unit 2 San Antonio, TX	1.0	1.0	1380	$650	$0.47	0d	1	1.17mi
1102 El Paso St San Antonio, TX	1.0–3.0	1.0–2.0	888	$1,116	$1.26	4d	1	1.22mi
703 N San Marcos San Antonio, TX	1.0	1.0	700	$716	$1.02	45d	1	1.26mi
2406 S Laredo St San Antonio, TX	3.0	1.0	944	$1,200	$1.27	16d	1	1.27mi
614 Chihuahua St San Antonio, TX	3.0	2.0	1082	$1,400	$1.29	45d	1	1.38mi
602 Chihuahua St San Antonio, TX	2.0	1.0	783	$1,150	$1.47	45d	1	1.40mi
711 N Frio St Unit 1203 San Antonio, TX	2.0	1.0	790	$966	$1.22	12d	1	1.42mi
711 N Frio St Unit 1302 San Antonio, TX	2.0	2.0	980	$1,400	$1.43	19d	1	1.42mi
711 N Frio St Unit 2303 San Antonio, TX	2.0	1.0	790	$966	$1.22	19d	1	1.42mi

Listing history 19 events

1. 2026-06-19
   status $119,000 Pending 74 DOM
2. 2026-06-18
   days on market $119,000 Active 74 DOM
3. 2026-06-17
   days on market $119,000 Active 73 DOM
4. 2026-06-16
   days on market $119,000 Active 72 DOM
5. 2026-06-15
   days on market $119,000 Active 71 DOM
6. 2026-06-13
   statusdays on market $119,000 Active 69 DOM
7. 2026-06-09
   days on market $119,000 Price Change 65 DOM
8. 2026-06-08
   days on market $119,000 Price Change 64 DOM
9. 2026-06-07
   days on market $119,000 Price Change 63 DOM
10. 2026-06-04
    days on market $119,000 Price Change 60 DOM
11. 2026-06-03
    days on market $119,000 Price Change 59 DOM
12. 2026-06-02
    days on market $119,000 Price Change 58 DOM
13. 2026-06-01
    days on market $119,000 Price Change 57 DOM
14. 2026-06-01
    pricestatus $119,000 Price Change 56 DOM
15. 2026-05-31
    days on market $124,000 Active 56 DOM
16. 2026-05-07
    price $124,000 359-char remark

    Show marketing remark (359 chars)

    This property presents a great opportunity for both homeowners and investors alike. With move-in ready interiors, it's ideal for buyers seeking a home in an up-and-coming location just minutes from downtown. Investors will also appreciate the potential for upgrades, whether as a flip or rental. Schedule your showing today to see the possibilities firsthand.

17. 2026-04-27
    price $129,000 359-char remark

    Show marketing remark (359 chars)

    This property presents a great opportunity for both homeowners and investors alike. With move-in ready interiors, it's ideal for buyers seeking a home in an up-and-coming location just minutes from downtown. Investors will also appreciate the potential for upgrades, whether as a flip or rental. Schedule your showing today to see the possibilities firsthand.

18. 2026-04-06
    listed $139,000 New 359-char remark

    Show marketing remark (359 chars)

    This property presents a great opportunity for both homeowners and investors alike. With move-in ready interiors, it's ideal for buyers seeking a home in an up-and-coming location just minutes from downtown. Investors will also appreciate the potential for upgrades, whether as a flip or rental. Schedule your showing today to see the possibilities firsthand.

19. 2026-01-28
    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: $2,825 · $235/mo
• Projected year-2 tax: $2,825 · $235/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 76% 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: $16,158
• − Mortgage interest: −$6,666
• − Property taxes: −$2,825
• − Insurance: −$595
• − Repairs & maintenance: −$1,293
• − Management: −$1,293
• − Depreciation: −$3,462
• Taxable income: $25
• Est. tax owed @ 24.0%: −$6
• After-tax cash flow: $1,850/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

-10.8% since first listed

4 events — show timeline

• 2026-05-07 Price Changed $124,000 LERA
• 2026-04-27 Price Changed $129,000 LERA
• 2026-04-06 Listed $139,000 LERA
• 2026-01-28 Sold (Public Records) — Public Records

Property tax history

+5.2%/yr

Latest (2025): $2,825 · +10.0% YoY. Source: county tax records.