443 Bundy · San Antonio, TX 78220

$135,000

2 bd · 1.0 ba · 896 sqft · SingleFamily public records · 101 Days on market

Built 1963 5,488 sqft lot $151/sqft · 26% below area Est $183k · 26% under

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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).

• ARV discount +15.0/15.0
• Cash flow +11.9/30.0
• Appreciation +10.0/10.0
• Livability +4.0/5.0
• 1% rule +3.6/10.0
• DSCR +3.5/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0

Listing remarks MLS

Nice 3-bedroom 2 bath house with easy access to I-10. Stove and refrigerator included. Please verify schools if important. Pictures prior to tenant move-in.

Key facts

• 5,488 sq ft lot
• Built 1963
• Listed 101 days

🏷️ Possibly a rental listed for sale. The $135,000 price doesn't fit this home's estimated sale value (~$183,317) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $-35 ($-425/yr) — negative.
• To cash-flow at today's rent, offer at most $129k (4.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $116k (14.1% below list).
• Recommended offer: $116k (14.1% below list) — sets the bar for 1% rule.
• Cap rate 6.0% 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: 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 flat; 113 active listings in the ZIP; 37 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).
• This rent runs 33% of the median local income ($42k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $14k of equity ($933 loan paydown + $14k 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 + 0.5% rent growth), your $38k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, 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 101 days — a 9% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 16y ago; this cycle's ask is 29% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 6→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $115,938 (14.1% 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 101 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
3. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 0.86% ✗
• Cap rate: 5.98%
• Cash-on-cash: -1.12%
• DSCR: 0.95
• GRM: 9.7

CMA / ARV

• ARV (median comp): $183,317
• List price: $135,000
• Delta: -26.36%
• 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
647 Ferris Ave	0.20mi	2/1.0	880 (-2%)	10mo	$80,000	$91	80
103 Nellina	0.47mi	2/1.0	906 (+1%)	11mo	$85,000	$94	67
142 Dafoste Ave	0.31mi	3/1.0 (+1)	914 (+2%)	16mo	$124,000	$136	64
642 Ferris Ave	0.21mi	3/2.0 (+1)	960 (+7%)	7mo	$142,000	$148	64
419 Hub Ave	0.48mi	3/1.0 (+1)	918 (+2%)	6mo	$196,000	$214	63
655 Ferris Ave	0.21mi	3/1.0 (+1)	984 (+10%)	10mo	$85,000	$86	61
923 F St	0.54mi	3/1.0 (+1)	832 (-7%)	5mo	$135,000	$162	54
410 Dorie	0.30mi	3/1.0 (+1)	776 (-13%)	6mo	$105,000	$135	53
527 Morningview	0.41mi	3/1.0 (+1)	784 (-12%)	3mo	$119,000	$152	53
330 Hub	0.55mi	2/1.0	832 (-7%)	16mo	$140,000	$168	49
450 Sterling	0.42mi	3/1.0 (+1)	792 (-12%)	12mo	$100,000	$126	46
778 F St	0.75mi	2/1.0	960 (+7%)	16mo	$125,000	$130	40

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 · 0.53% rent growth · sell at horizon

5-year hold

• IRR: 22.7%
• Equity multiple: 2.81×
• Total profit: $68,487
• Equity at exit: $121,619

10-year hold

• IRR: 19.7%
• Equity multiple: 6.25×
• Total profit: $198,363
• Equity at exit: $262,275

Cash invested: $37,800 (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.

Methodology + full state rankings →

ZIP-level market 78220

• Home prices YoY: 9.1%
• Rents YoY: 0.5%
• Active inventory: 113
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,159 high
• Mortgage (P&I): −$708
• Tax from tax record: −$187 /mo · $2,245/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$243
• Net cashflow: $-35

Break-even live

Break-even rent $1,204

Max offer price $128,747

Occupancy floor 98%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3327 Martin Luther King Dr Unit a San Antonio, TX	3.0	2.0	876	$915	$1.04	1d	1	0.17mi
3318 Martin Luther King Dr San Antonio, TX	3.0	2.0	909	$975	$1.07	43d	1	0.20mi
458 Ferris Ave San Antonio, TX	3.0	2.0	909	$1,380	$1.52	1d	1	0.21mi
3259 Martin Luther King Dr San Antonio, TX	3.0	2.0	909	$1,149	$1.26	4d	1	0.23mi
547 Dorie St San Antonio, TX	3.0	2.0	909	$1,135	$1.25	21d	1	0.36mi
302 Dorie St San Antonio, TX	3.0	2.0	1028	$1,285	$1.25	21d	1	0.37mi
515 Lincolnshire Dr San Antonio, TX	2.0	1.0	681	$885	$1.30	4d	1	0.38mi
455 Lincolnshire Dr San Antonio, TX	2.0	1.0	768	$925	$1.20	20d	1	0.46mi
311 Ferris Ave San Antonio, TX	3.0	2.0	909	$1,245	$1.37	4d	1	0.50mi
380 Sterling St Unit 1 San Antonio, TX	2.0	1.0	642	$550	$0.86	23d	1	0.57mi
231 Noblewood Dr San Antonio, TX	1.0–4.0	1.0–2.0	1084	$1,168	$1.08	23d	1	0.59mi
239 Ferris Ave San Antonio, TX	3.0	2.0	909	$1,249	$1.37	43d	1	0.63mi
3030 Martin Luther King Dr San Antonio, TX	3.0	1.0	938	$1,295	$1.38	23d	1	0.67mi
1311 W Hein Rd Unit 4 San Antonio, TX	2.0	2.0	1000	$1,000	$1.00	43d	1	0.69mi
1311 W Hein Rd Unit 18 San Antonio, TX	2.0	1.5	900	$895	$0.99	43d	1	0.69mi
3815 E Commerce St San Antonio, TX	3.0	1.0–2.0	872	$1,163	$1.33	3d	60	0.77mi
3623 E Commerce St San Antonio, TX	1.0	1.0	616	$955	$1.55	43d	1	0.79mi
215 Edna Ave San Antonio, TX	2.0	1.0	968	$1,260	$1.30	43d	1	0.80mi
368 Readwell Dr San Antonio, TX	3.0	1.0	1067	$1,200	$1.12	43d	1	0.80mi
311 Spriggsdale Ave Unit 610 San Antonio, TX	1.0	1.0	745	$892	$1.20	2d	1	0.92mi
311 Spriggsdale Ave Unit 710 San Antonio, TX	2.0	2.0	890	$981	$1.10	2d	1	0.92mi
334 Tomrob Dr San Antonio, TX	3.0	1.0	1064	$1,300	$1.22	14d	1	0.95mi
302 Kenmar Dr San Antonio, TX	3.0	1.0	970	$1,375	$1.42	23d	1	0.96mi
4319 Algruth Dr San Antonio, TX	3.0	2.0	1021	$1,800	$1.76	23d	1	0.99mi
723 Sewanee St San Antonio, TX	3.0	2.0	1028	$1,264	$1.23	12d	1	1.12mi
4426 N Hein Rd Apt 2204 San Antonio, TX	2.0	1.0	723	$1,250	$1.73	43d	1	1.12mi
4438 N Hein Rd Unit 104 San Antonio, TX	2.0	1.0	632	$1,150	$1.82	43d	1	1.16mi
817 Cresthill Rd San Antonio, TX	3.0	1.0	950	$1,300	$1.37	43d	1	1.18mi
143 Ranger Unit 101 San Antonio, TX	3.0	2.0	876	$1,099	$1.25	1d	1	1.24mi
918 Hampton St Unit 1 San Antonio, TX	3.0	1.0	912	$975	$1.07	43d	1	1.27mi
902 Gembler Rd San Antonio, TX	1.0–3.0	1.0–2.0	966	$1,452	$1.50	1d	21	1.28mi
4606 Hollyspring Dr San Antonio, TX	3.0	2.0	1098	$1,400	$1.28	23d	1	1.37mi
535 Gembler Rd Unit 610 San Antonio, TX	1.0	1.0	774	$852	$1.10	2d	1	1.38mi
535 Gembler Rd Unit 710 San Antonio, TX	2.0	2.0	1031	$1,081	$1.05	2d	1	1.38mi
541 Gembler Rd San Antonio, TX	1.0	1.0	726	$1,100	$1.52	43d	1	1.40mi
915 Creekview San Antonio, TX	2.0	2.0	950	$1,230	$1.29	23d	1	1.47mi
3400 Roland Rd San Antonio, TX	1.0–2.0	1.0	769	$999	$1.30	21d	1	1.49mi

Listing history 36 events

1. 2026-06-18
   days on market $135,000 Active 101 DOM
2. 2026-06-17
   days on market $135,000 Active 100 DOM
3. 2026-06-16
   days on market $135,000 Active 99 DOM
4. 2026-06-15
   days on market $135,000 Active 98 DOM
5. 2026-06-13
   days on market $135,000 Active 96 DOM
6. 2026-06-09
   days on market $135,000 Active 92 DOM
7. 2026-06-08
   days on market $135,000 Active 91 DOM
8. 2026-06-07
   days on market $135,000 Active 90 DOM
9. 2026-06-04
   days on market $135,000 Active 87 DOM
10. 2026-06-03
    days on market $135,000 Active 86 DOM
11. 2026-06-02
    days on market $135,000 Active 85 DOM
12. 2026-06-01
    days on market $135,000 Active 84 DOM
13. 2026-05-31
    days on market $135,000 Active 83 DOM
14. 2026-04-04
    status Back on Market 158-char remark

    Show marketing remark (158 chars)

    Nice 3-bedroom 2 bath house with easy access to I-10. Stove and refrigerator included. Please verify schools if important. Pictures prior to tenant move-in.

15. 2026-03-31
    historical 158-char remark

    Show marketing remark (158 chars)

    Nice 3-bedroom 2 bath house with easy access to I-10. Stove and refrigerator included. Please verify schools if important. Pictures prior to tenant move-in.

16. 2026-03-25
    price $135,000 158-char remark

    Show marketing remark (158 chars)

    Nice 3-bedroom 2 bath house with easy access to I-10. Stove and refrigerator included. Please verify schools if important. Pictures prior to tenant move-in.

17. 2026-03-19
    price $125,000 158-char remark

    Show marketing remark (158 chars)

    Nice 3-bedroom 2 bath house with easy access to I-10. Stove and refrigerator included. Please verify schools if important. Pictures prior to tenant move-in.

18. 2026-03-05
    listed $105,000 New 158-char remark

    Show marketing remark (158 chars)

    Nice 3-bedroom 2 bath house with easy access to I-10. Stove and refrigerator included. Please verify schools if important. Pictures prior to tenant move-in.

19. 2025-11-14
    historical $995
20. 2025-11-13
    price $995
21. 2025-10-30
    listed $1,045
22. 2025-07-07
    historical $1,195
23. 2025-07-05
    listed $1,195
24. 2022-04-22
    soldstatus
25. 2022-04-22
    soldstatus
26. 2021-12-15
    soldstatus Sold 99-char remark

    Show marketing remark (99 chars)

    Cash offers only. Contact listing agent for showing times 9563791693. Property is currently vacant.

27. 2021-11-15
    soldstatus
28. 2021-11-03
    status Pending 99-char remark

    Show marketing remark (99 chars)

    Cash offers only. Contact listing agent for showing times 9563791693. Property is currently vacant.

29. 2021-10-11
    status Back on Market 99-char remark

    Show marketing remark (99 chars)

    Cash offers only. Contact listing agent for showing times 9563791693. Property is currently vacant.

30. 2021-08-08
    historical 99-char remark

    Show marketing remark (99 chars)

    Cash offers only. Contact listing agent for showing times 9563791693. Property is currently vacant.

31. 2021-06-08
    listed $94,900 New 99-char remark

    Show marketing remark (99 chars)

    Cash offers only. Contact listing agent for showing times 9563791693. Property is currently vacant.

32. 2021-05-04
    soldstatus
33. 2011-07-29
    historical
34. 2010-08-09
    listed $39,000
35. 2005-10-14
    soldstatus
36. 2005-10-14
    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: $2,245 · $187/mo
• Projected year-2 tax: $2,470 · $206/mo
• Expected delta: +$225/yr (+$19/mo · 10.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 6 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,913
• − Mortgage interest: −$7,562
• − Property taxes: −$2,245
• − Insurance: −$675
• − Repairs & maintenance: −$1,113
• − Management: −$1,113
• − Depreciation: −$3,927
• Taxable loss: −$2,723
• Est. tax savings @ 24.0%: +$654
• After-tax cash flow: $229/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): 19,423
• Household income: $41,710
• Rent vs Own: 47.3% rent · 52.7% own
• Severe rent burden: 705.0

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: Majority Hispanic (60%)
• Race & ethnicity: Hispanic / Latino 60% Black 30% Two or more races 22% White 8%
• Hispanic origin (detail): Mexican 47% Puerto Rican 1%
• Foreign-born: 11% · Canada
• Languages at home: 63% English-only · Spanish 36%

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: ▲ 23.86%
• Current HPI: 284.9844
• Rent YoY: ▲ 0.53%
• 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

+246.2% since first listed

23 events — show timeline

• 2026-04-04 Relisted — LERA
• 2026-03-31 Listing Removed — LERA
• 2026-03-25 Price Changed $135,000 LERA
• 2026-03-19 Price Changed $125,000 LERA
• 2026-03-05 Listed $105,000 LERA
• 2025-11-14 Rental Removed $995 APPFOLIO
• 2025-11-13 Price Changed $995 APPFOLIO
• 2025-10-30 Listed for Rent $1,045 APPFOLIO
• 2025-07-07 Rental Removed $1,195 APPFOLIO
• 2025-07-05 Listed for Rent $1,195 APPFOLIO
• 2022-04-22 Sold (Public Records) — Public Records
• 2022-04-22 Sold (Public Records) — Public Records
• 2021-12-15 Sold (MLS) — LERA
• 2021-11-15 Sold (Public Records) — Public Records
• 2021-11-03 Pending — LERA
• 2021-10-11 Relisted — LERA
• 2021-08-08 Listing Removed — LERA
• 2021-06-08 Listed $94,900 LERA
• 2021-05-04 Sold (Public Records) — Public Records
• 2011-07-29 Listing Removed — LERA
• 2010-08-09 Listed $39,000 LERA
• 2005-10-14 Sold (Public Records) — Public Records
• 2005-10-14 Sold (Public Records) — Public Records

Property tax history

+6.6%/yr

Latest (2025): $2,245 · -10.7% YoY. Source: county tax records.