255 E Rampart #206 · San Antonio, TX 78216

$74,500

1 bd · 1.0 ba · 702 sqft · Condo · 47 Days on market

Built 1965 Good condition $106/sqft · 27% below area Est $102k · 27% under $210/mo HOA · 23% of rent

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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 +14.2/30.0
• 1% rule +7.5/10.0
• DSCR +4.3/10.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• Schools +3.8/10.0
• Rent growth +1.6/5.0
• Appreciation +0.0/10.0

Listing remarks

Affordable and easy living all in one! This 1-bedroom, 1-bath condo is a great option whether you're ready to own your own place or looking for a solid rental investment. It's been freshly painted with new flooring throughout, and it's in pristine, move-in ready condition-no projects needed. You'll love having a washer and dryer right inside the unit, plus a simple, low-maintenance lifestyle. The location is hard to beat, too-just minutes from North Star Mall and San Antonio International Airport, so getting around, shopping, or traveling is super convenient. Clean, updated, and priced right-this one just makes sense.

Key facts

• Washer and dryer
• New flooring
• Freshly painted

Tags

• WASHER AND DRYER
• FRESHLY PAINTED
• NEW FLOORING
• MOVE IN READY
• LOW MAINTENANCE LIFESTYLE
• MINUTES FROM NORTH STAR MALL

Property features AI

Finance

• HOA & community: Parkwood North community; Mandatory HOA; On-site management; HOA fee $210 monthly; Association transfer fee $175; HOA fee includes condo management

Exterior

• Parking: Detached parking
• Home design: Condo/attached unit; Single level (1 level); Pre-owned
• Construction: Approximately 61 years old
• Exterior features: Brick exterior

Interior

• Kitchen: Self-cleaning oven; Stove/Range; Refrigerator; Dishwasher; Breakfast bar
• Bedrooms: Master bedroom with walk-in closet and full bath (15 x 12)
• Flooring: Vinyl flooring
• Bathrooms: One full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Living/Dining room combination; Breakfast bar; Utility area inside; Ground level / no steps; Some window coverings remain; Self-cleaning oven; Stove/Range; Refrigerator; Dishwasher
• Laundry & utility: Washer connection; Dryer connection; Utility area inside

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $74k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $12 ($147/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($933 rent vs $74k).
• Recommended offer: $72k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.5% 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: crime F.
• North East ISD (urban): math 38% / reading 49% proficiency, ranked #276 of 826 in TX (top 33%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Ridgeview El (math 38% / reading 37%, grade F, #1,744 of 4,322 statewide, top 41%, 541 students, 89% FRL); Nimitz Middle (math 20% / reading 28%, grade F, #1,301 of 1,662 statewide, top 79%, 1,071 students, 73% FRL); Legacy of Educational Excellence H S (math 24% / reading 44%, grade F, #1,002 of 1,632 statewide, top 62%, 2,390 students, 65% FRL) — zoned schools average 76% FRL vs 41% district-wide (34 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents falling (-3.8%/yr); 116 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 8,308 units permitted in Bexar County in 2024 (2,506 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $515 of loan paydown is wiped out by about $2k 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 47 days — a 3% lower offer ($72k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 20y ago; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 23% of rent.
• Climate carrying-cost: moderate flood risk; 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 $72,265 (3.0% below list)

Questions for the listing agent

1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.25% ✓
• Cap rate: 6.49%
• Cash-on-cash: 0.71%
• DSCR: 1.03
• GRM: 6.7

CMA / ARV

• ARV (median comp): $101,782
• List price: $74,500
• Delta: -26.80%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -19.8%
• Equity multiple: 0.33×
• Total profit: $-13,881
• Equity at exit: $11,108

10-year hold

• IRR: -26.0%
• Equity multiple: -0.01×
• Total profit: $-21,067
• Equity at exit: $6,441

Cash invested: $20,860 (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 78216

• Home prices YoY: -15.0%
• Rents YoY: -3.8%
• Active inventory: 116
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $933 high
• Mortgage (P&I): −$391
• Tax est. 1.5%: −$93 /mo · $1,118/yr
• Insurance: −$31
• HOA: −$210
• Vacancy / Maint / Mgmt: −$196
• Net cashflow: $12

Break-even live

Break-even rent $918

Max offer price $74,500

Occupancy floor 94%

Sensitivity live

Price	-10% $64	-5% $38	+0% $12	+5% $-13	+10% $-39
Rent	-10% $-61	-5% $-25	+0% $12	+5% $49	+10% $86
Rate	-1.0pp $50	-0.5pp $31	base $12	+0.5pp $-7	+1.0pp $-27

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: $18,625
• Closing costs: $2,235
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
123 E Rampart Dr San Antonio, TX	1.0	1.0	739	$960	$1.30	12d	2	0.03mi
8506 Wakefield Dr San Antonio, TX	1.0–3.0	1.0–2.0	1341	$649	$0.48	17d	11	0.12mi
8506 Wakefield Dr San Antonio, TX	1.0	1.0	600	$499	$0.83	45d	1	0.12mi
102 W Rampart Dr San Antonio, TX	1.0	1.0	737	$895	$1.21	3d	4	0.15mi
8607 Jones Maltsberger Rd San Antonio, TX	1.0–2.0	1.0–2.0	822	$745	$0.91	0d	6	0.56mi
7039 San Pedro Ave San Antonio, TX	1.0	1.0	834	$1,510	$1.81	25d	2	0.59mi
7039 San Pedro Ave #704 San Antonio, TX	1.0	1.0	720	$1,325	$1.84	5d	1	0.60mi
7918 Jones Maltsberger Rd Unit 610 San Antonio, TX	1.0	1.0	640	$899	$1.40	0d	1	0.78mi
9206 Jones Maltsberger Rd San Antonio, TX	1.0–2.0	1.0–2.0	954	$1,414	$1.48	0d	35	0.93mi
6701 Blanco Rd San Antonio, TX	2.0	1.0–2.0	803	$1,387	$1.73	25d	1	0.94mi
222 Audrey Alene Dr Unit 2 San Antonio, TX	1.0	2.0	415	$1,100	$2.65	45d	1	1.03mi
6641 San Pedro Ave San Antonio, TX	1.0	1.0	500	$799	$1.60	23d	1	1.05mi
390 Treeline Park San Antonio, TX	1.0	1.0	712	$1,145	$1.61	45d	1	1.17mi
10363 Sahara St San Antonio, TX	1.0–2.0	1.0	748	$925	$1.24	23d	5	1.24mi
215 Jackson Keller Rd Unit 216 San Antonio, TX	1.0	1.0	635	$990	$1.56	45d	1	1.26mi
10334 Oasis Dr Apt 1503 San Antonio, TX	1.0	1.0	686	$800	$1.17	9d	1	1.27mi
7600 Blanco Rd San Antonio, TX	2.0	1.0–2.0	879	$1,049	$1.19	45d	17	1.29mi
7600 Blanco Rd San Antonio, TX	—	1.0	490	$749	$1.53	45d	1	1.29mi
327 W Sunset Rd San Antonio, TX	1.0–2.0	1.0–2.0	847	$1,173	$1.38	0d	2	1.32mi
384 Treeline Park San Antonio, TX	1.0–3.0	1.0–2.0	956	$1,122	$1.17	0d	7	1.34mi
231 Herweck Dr Unit 102 Castle Hills, TX	2.0	1.0	750	$1,076	$1.43	45d	1	1.34mi
8446 Country Village St San Antonio, TX	1.0–3.0	1.0	800	$899	$1.12	25d	45	1.37mi
8222 Gault Ln Unit 610 San Antonio, TX	1.0	1.0	681	$897	$1.32	0d	1	1.38mi
340 Treeline Park San Antonio, TX	1.0–3.0	1.0–2.0	1001	$1,220	$1.22	0d	30	1.40mi
8446 Country Village St Unit 610 San Antonio, TX	1.0	1.0	650	$978	$1.50	0d	1	1.42mi

HOA detail condo

• Monthly dues: $210 · $2,520/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 25 events

1. 2026-06-21
   days on market $74,500 Active 47 DOM
2. 2026-06-18
   days on market $74,500 Active 44 DOM
3. 2026-06-17
   days on market $74,500 Active 43 DOM
4. 2026-06-16
   statusdays on market $74,500 Active 42 DOM
5. 2026-06-13
   days on market $74,500 Price Change 39 DOM
6. 2026-06-13
   days on market $74,500 Price Change 38 DOM
7. 2026-06-09
   days on market $74,500 Price Change 35 DOM
8. 2026-06-08
   days on market $74,500 Price Change 34 DOM
9. 2026-06-07
   pricestatusdays on market $74,500 Price Change 33 DOM
10. 2026-06-04
    days on market $79,500 Active 30 DOM
11. 2026-06-03
    days on market $79,500 Active 29 DOM
12. 2026-06-02
    days on market $79,500 Active 28 DOM
13. 2026-06-01
    days on market $79,500 Active 27 DOM
14. 2026-05-31
    days on market $79,500 Active 26 DOM
15. 2026-05-05
    listed $79,500 New 628-char remark
16. 2026-02-12
    historical $750
17. 2026-01-08
    price $750
18. 2025-12-07
    price $795
19. 2025-09-21
    listed $825
20. 2014-10-09
    historical
21. 2014-07-29
    listed $54,900 New
22. 2013-07-18
    historical
23. 2013-02-08
    listed $54,900 Active
24. 2007-02-22
    historical
25. 2006-07-17
    listed $68,900

ⓘ 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 5/10 Major FEMA zone X (unshaded) · 67% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,197
• − Mortgage interest: −$4,173
• − Property taxes: −$1,118
• − Insurance: −$372
• − Repairs & maintenance: −$896
• − Management: −$896
• − HOA: −$2,520
• − Depreciation: −$2,167
• Taxable loss: −$945
• Est. tax savings @ 24.0%: +$227
• After-tax cash flow: $374/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 · 12 photos

Good 80/100 None rehab

This move-in ready 1-bedroom, 1-bath condo is in excellent condition with fresh paint and new flooring throughout. It offers a low-maintenance lifestyle and is conveniently located near North Star Mall and San Antonio International Airport.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics.
• Both Reorganizing the living room furniture — Improved layout can make the space more functional and visually appealing.
• Both Adding a small rug to the kitchen — A rug can add warmth and style to the kitchen while improving functionality.
• Both Installing a smart thermostat — A smart thermostat can improve energy efficiency and comfort, making the home more attractive to buyers and renters.
• Both Adding a small outdoor patio furniture set — An outdoor patio can enhance the home's curb appeal and provide a relaxing space for residents to enjoy the outdoors.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Reorganizing the living room furniture — Improved layout can make the space more functional and visually appealing. ↑
• Both Adding a small rug to the kitchen — A rug can add warmth and style to the kitchen while improving functionality. ↑
• Both Installing a smart thermostat — A smart thermostat can improve energy efficiency and comfort, making the home more attractive to buyers and renters. ↑
• Both Adding a small outdoor patio furniture set — An outdoor patio can enhance the home's curb appeal and provide a relaxing space for residents to enjoy the outdoors. ↑

ⓘ 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: North East ISD
• NCES district ID: 4832940
• Math proficiency: 38% ▼ -14.00%
• Reading proficiency: 49% ▼ -4.00%
• Median HH income: $57,715
• Composite: 38.1/100
• National rank: #4276
• State rank: #276 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): 41,180
• Household income: $59,110
• Rent vs Own: 64.8% rent · 35.2% own
• Severe rent burden: 2909.0

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 (59%)
• Race & ethnicity: Hispanic / Latino 59% Two or more races 35% White 33% Black 4%
• Hispanic origin (detail): Mexican 48% Puerto Rican 3%
• Common ancestry: Slovak 1% Lithuanian 1% Italian 1%
• Foreign-born: 13% · Canada, Jamaica
• Languages at home: 67% English-only · Spanish 31%

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: ▼ -44.28%
• Current HPI: 250.1968
• Rent YoY: ▼ -3.79%
• 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

+8.1% since first listed

12 events — show timeline

• 2026-06-05 Price Changed $74,500 LERA
• 2026-05-05 Listed $79,500 LERA
• 2026-02-12 Rental Removed $750 SABOR
• 2026-01-08 Price Changed $750 SABOR
• 2025-12-07 Price Changed $795 SABOR
• 2025-09-21 Listed for Rent $825 SABOR
• 2014-10-09 Listing Removed — LERA
• 2014-07-29 Listed $54,900 LERA
• 2013-07-18 Listing Removed — LERA
• 2013-02-08 Listed $54,900 LERA
• 2007-02-22 Listing Removed — LERA
• 2006-07-17 Listed $68,900 LERA