10725 Aqueduct Crk · San Antonio, TX 78214

$175,999

4 bd · 2.5 ba · 1,802 sqft · SingleFamily · 46 Days on market

Built 2026 Good condition 4,791 sqft lot Est $229k · 23% under $100/mo HOA · 6% of rent ↓ 7% since listing

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Why this score? — see what drove the D+ 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).

• ARV discount +15.0/15.0
• Cash flow +12.6/30.0
• 1% rule +4.3/10.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• DSCR +3.8/10.0
• Rent growth +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks

The Highgate - Upon entry of this spacious two-story home are the family room, dining room and a chef-ready kitchen arranged in a desirable open floorplan that promotes seamless transition between spaces. Down the hallway is the tranquil owner s suite with a convenient adjoining bathroom. Upstairs, a sprawling game room offers endless possibilities, while on the opposite end of the floor are three secondary bedrooms. Estimated Completion July 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

• 4,791 sq ft lot
• Community pool
• Built 2026

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $176k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-21 ($-256/yr) — negative.
• To cash-flow at today's rent, offer at most $173k (1.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $164k (6.9% below list).
• Recommended offer: $164k (6.9% below list) — sets the bar for 1% rule.
• Cap rate 6.1% 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.
• Southside ISD (rural): math 16% / reading 25% proficiency, ranked #771 of 826 in TX (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 76% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Julian C Gallardo El (math 13% / reading 22%, grade F, #3,805 of 4,322 statewide, top 89%, 544 students, 87% FRL); Southside H S (math 18% / reading 25%, grade F, #1,377 of 1,632 statewide, top 85%, 1,685 students, 85% FRL).
• Market conditions: 151 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 8,308 units permitted in Bexar County in 2024 (2,506 in 5+ unit buildings).
• This rent runs 44% of the median local income ($45k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Bexar County population projected at +50% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($171k) is reasonable based on typical stale-listing flexibility.

Recommended offer $163,919 (6.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.93% ✗
• Cap rate: 6.15%
• Cash-on-cash: -0.52%
• DSCR: 0.98
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $228,854
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10709 Aqueduct Crk	0.03mi	4/2.5	1,897 (+5%)	1mo	$230,499	$122	89
10717 Aqueduct Crk	0.01mi	4/2.5	1,692 (-6%)	1mo	$223,499	$132	88
10466 Pacaos Pl	0.06mi	4/2.5	1,897 (+5%)	1mo	$225,999	$119	88
10705 Aqueduct Crk	0.04mi	4/2.5	1,692 (-6%)	0mo	$215,499	$127	88
10454 Pacaos Pl	0.08mi	4/2.5	1,897 (+5%)	1mo	$257,499	$136	87
10462 Pacaos Pl	0.06mi	4/2.5	1,692 (-6%)	1mo	$211,999	$125	87
10442 Pacaos Pl	0.10mi	4/2.5	1,692 (-6%)	1mo	$217,999	$129	84
10410 Pacaos Pl	0.16mi	4/2.5	1,897 (+5%)	2mo	$228,999	$121	82
10327 Bustillos Cv	0.18mi	4/2.5	1,897 (+5%)	2mo	$223,999	$118	82
10644 Munoz Mnr	0.11mi	3/2.0 (-1)	1,896 (+5%)	1mo	$252,999	$133	78
10636 Ysasmendi Rdg	0.08mi	3/2.0 (-1)	1,634 (-9%)	1mo	$227,999	$140	73
10652 Munoz Mnr	0.10mi	4/3.0	2,024 (+12%)	1mo	$248,999	$123	72

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

Projected returns pro-forma

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

5-year hold

• IRR: -17.1%
• Equity multiple: 0.40×
• Total profit: $-29,792
• Equity at exit: $26,242

10-year hold

• IRR: -8.9%
• Equity multiple: 0.45×
• Total profit: $-27,341
• Equity at exit: $15,217

Cash invested: $49,280 (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 78214

• Home prices YoY: -4.6%
• Active inventory: 151
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,639 high
• Mortgage (P&I): −$923
• Tax est. 1.5%: −$220 /mo · $2,640/yr
• Insurance: −$73
• HOA: −$100
• Vacancy / Maint / Mgmt: −$344
• Net cashflow: $-21

Break-even live

Break-even rent $1,666

Max offer price $172,913

Occupancy floor 96%

Sensitivity live

Price	-10% $100	-5% $39	+0% $-21	+5% $-82	+10% $-143
Rent	-10% $-151	-5% $-86	+0% $-21	+5% $43	+10% $108
Rate	-1.0pp $67	-0.5pp $23	base $-21	+0.5pp $-67	+1.0pp $-113

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: $44,000
• Closing costs: $5,280
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10628 Aqueduct Crk San Antonio, TX	4.0	2.0	1500	$1,700	$1.13	44d	1	0.12mi
1622 Saenz San Antonio, TX	3.0	2.0	1298	$1,475	$1.14	22d	1	0.83mi
1119 Jordan Xing San Antonio, TX	3.0	2.0	1276	$1,795	$1.41	44d	1	1.10mi
12910 Clubhouse Blvd San Antonio, TX	1.0–3.0	1.0–2.0	920	$1,384	$1.50	2d	27	1.22mi
1015 Catalonia Pass San Antonio, TX	3.0	2.0	1280	$1,600	$1.25	5d	1	1.36mi
1011 Catalonia Pass San Antonio, TX	3.0	2.5	1470	$1,700	$1.16	24d	1	1.36mi
10431 Lateleaf Oak San Antonio, TX	4.0	2.5	2021	$2,000	$0.99	44d	1	1.38mi
10306 Buescher Ln San Antonio, TX	3.0	2.5	1571	$1,550	$0.99	15d	1	1.39mi
10208 Lateleaf Oak San Antonio, TX	3.0	2.5	1596	$1,595	$1.00	44d	1	1.44mi
10216 Lateleaf Oak San Antonio, TX	3.0	2.5	1417	$1,495	$1.06	18d	1	1.44mi

HOA detail

• Monthly dues: $100 · $1,200/yr

Listing history 8 events

1. 2026-04-26
   status Pending
2. 2026-04-21
   price $175,999
3. 2026-04-15
   price $177,999
4. 2026-04-09
   price $179,999
5. 2026-04-03
   price $181,999
6. 2026-03-25
   price $188,999
7. 2026-03-18
   price $187,999
8. 2026-03-11
   listed $188,999 New

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

Taxation est. · year 1

• Rental income: $19,670
• − Mortgage interest: −$9,859
• − Property taxes: −$2,640
• − Insurance: −$880
• − Repairs & maintenance: −$1,574
• − Management: −$1,574
• − HOA: −$1,200
• − Depreciation: −$5,120
• Taxable loss: −$3,176
• Est. tax savings @ 24.0%: +$762
• After-tax cash flow: $506/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 · 13 photos

Good 80/100 Cosmetic rehab

This two-story home features a spacious open floor plan with modern finishes and a well-maintained exterior. It is in good condition with minimal repairs needed, making it a solid investment opportunity.

Value-add opportunities

• Resale Paint exterior siding — Enhances curb appeal and property value.
• Resale Replace window seals — Improves energy efficiency and reduces maintenance costs.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior siding — Enhances curb appeal and property value. ↑
• Resale Replace window seals — Improves energy efficiency and reduces maintenance costs. ↑

ⓘ 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: Southside ISD
• NCES district ID: 4840920
• Math proficiency: 16% ▼ -15.00%
• Reading proficiency: 25% ▼ -2.00%
• Median HH income: $43,526
• Composite: 17.68/100
• National rank: #9027
• State rank: #771 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

• County: Bexar County · 1,990,555 people
• City population: 1,806,925
• Metro: San Antonio-New Braunfels, TX
• Population (ZIP): 22,118
• Household income: $44,902
• Rent vs Own: 43.5% rent · 56.5% own
• Severe rent burden: 842.0

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 (87%)
• Race & ethnicity: Hispanic / Latino 87% Two or more races 24% White 11%
• Hispanic origin (detail): Mexican 71%
• Common ancestry: Lithuanian 1% Romanian 1%
• Foreign-born: 13% · Canada
• Languages at home: 46% English-only · Spanish 54%

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: ▼ -12.02%
• Current HPI: 247.2716
• 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

-6.9% since first listed

8 events — show timeline

• 2026-04-26 Pending — LERA
• 2026-04-21 Price Changed $175,999 LERA
• 2026-04-15 Price Changed $177,999 LERA
• 2026-04-09 Price Changed $179,999 LERA
• 2026-04-03 Price Changed $181,999 LERA
• 2026-03-25 Price Changed $188,999 LERA
• 2026-03-18 Price Changed $187,999 LERA
• 2026-03-11 Listed $188,999 LERA