Napali Plan · San Antonio, TX 78223

$303,999

5 bd · 3.0 ba · 2,552 sqft · SingleFamily · 169 Days on market

Good condition ↓ 2% since listing

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Why this score? — see what drove the F 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 +7.5/15.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• Cash flow +3.8/30.0
• Schools +3.1/10.0
• Rent growth +1.7/5.0
• 1% rule +0.1/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This new two-story home features a single-level owner's suite, offering a serene retreat with a full bathroom and walk-in closet. A secondary bedroom is located near the front of the home, while an open-concept floorplan encourages seamless indoor-outdoor living with access to an inviting covered porch. On the second level, a bonus room provides a versatile shared living area easily accessible from three additional secondary bedrooms.

Key facts

• Covered porch
• Full bathroom
• Walk-in closet

Tags

• SINGLE-LEVEL OWNER'S SUITE
• FULL BATHROOM
• WALK-IN CLOSET
• OPEN-CONCEPT FLOORPLAN
• COVERED PORCH
• BONUS ROOM

🏗️ New construction. The $303,999 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $523,876.

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath single-family listed at $304k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-2k ($-18k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $267k (12.1% below list).
• Recommended offer: $267k (12.1% below list) — sets the bar for 1% rule.
• Cap rate 2.8% vs local median 3.8% in San Antonio — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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: Oak Grove El (math 17% / reading 37%, grade F, #2,791 of 4,322 statewide, top 68%, 389 students, 88% FRL); Garner Middle (math 17% / reading 30%, grade F, #1,317 of 1,662 statewide, top 80%, 804 students, 83% FRL); Macarthur H S (math 31% / reading 51%, grade F, #774 of 1,632 statewide, top 49%, 2,055 students, 58% FRL) — zoned schools average 77% FRL vs 41% district-wide (35 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 30% at this address vs 44% district-wide (-13 pts) — the specific schools serving this property underperform the North East ISD average; the district grade overstates school quality for this exact location.
• Market conditions: Rents falling (-3.4%/yr); 397 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals lingering (median 52d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 8,308 units permitted in Bexar County in 2024 (2,506 in 5+ unit buildings).
• At $2,673/mo this rent would consume 62% of the median local household income ($52k/yr) (locally 18% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $16k 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 169 days — a 12% lower offer ($268k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price.

Recommended offer $267,304 (12.1% 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 169 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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?
8. 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.
9. 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.
10. 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: 0.51% ✗
• Cap rate: 2.84%
• Cash-on-cash: -12.34%
• DSCR: 0.45
• GRM: 16.3

CMA / ARV

• ARV (median comp): $523,876
• List price: $303,999
• Delta: -41.97%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
315 Royal Oaks	0.37mi	4/2.5 (-1)	2,412 (-6%)	5mo	$579,999	$240	63
647 Cave Ln	0.55mi	4/3.0 (-1)	2,412 (-6%)	3mo	$550,000	$228	58
8731 Oak Ledge	0.55mi	4/3.0 (-1)	2,618 (+3%)	11mo	$450,000	$172	56
1511 Haskin Dr	0.66mi	4/3.0 (-1)	2,772 (+9%)	4mo	$775,000	$280	47
2712 Nacogdoches Rd	0.69mi	6/2.0 (+1)	2,372 (-7%)	2mo	$319,999	$135	46
443 Laramie	0.49mi	4/3.0 (-1)	2,873 (+13%)	7mo	$750,000	$261	45
634 Wyndale St	0.39mi	4/2.0 (-1)	2,301 (-10%)	23mo	$639,000	$278	38
8731 Sagebrush	0.64mi	4/2.0 (-1)	2,179 (-15%)	23mo	$495,000	$227	18

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -42.4%
• Equity multiple: -0.29×
• Total profit: $-188,773
• Equity at exit: $78,112

10-year hold

• IRR: -93.6%
• Equity multiple: -1.17×
• Total profit: $-318,221
• Equity at exit: $45,295

Cash invested: $146,685 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 10 active · 4 under contract
• Months of supply: 6.7 mo (15%/mo absorbed)
• Median asking: $384,000 ($154/sqft)
• Median days on market: 84 d
• This list price: 10% of active listings are priced below it
• ARV vs active asking: +33.2% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 78223

• Home prices YoY: -16.4%
• Rents YoY: -3.4%
• Active inventory: 397
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,673 high
• Mortgage (P&I): −$2,747
• Tax est. 1.5%: −$655 /mo · $7,858/yr
• Insurance: −$218
• HOA: −$0
• Vacancy / Maint / Mgmt: −$561
• Net cashflow: $-1,509

Break-even live

Break-even rent $4,583

Max offer price $305,567

Occupancy floor —

Sensitivity live

Price	-10% $-1,147	-5% $-1,328	+0% $-1,509	+5% $-1,690	+10% $-1,871
Rent	-10% $-1,720	-5% $-1,614	+0% $-1,509	+5% $-1,403	+10% $-1,298
Rate	-1.0pp $-1,245	-0.5pp $-1,375	base $-1,509	+0.5pp $-1,644	+1.0pp $-1,783

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: $130,969
• Closing costs: $15,716
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
427 Laramie Dr San Antonio, TX	4.0	3.0	1916	$3,500	$1.83	65d	1	0.49mi
427 Laramie Dr San Antonio, TX	4.0	3.0	1916	$3,500	$1.83	67d	1	0.49mi
219 Laramie Dr San Antonio, TX	4.0	3.0	2316	$2,900	$1.25	9d	1	0.60mi
334 Shropshire Dr San Antonio, TX	4.0	2.0	1890	$2,275	$1.20	9d	1	0.92mi
3206 Albin Dr San Antonio, TX	4.0	2.5	2445	$3,500	$1.43	46d	1	1.23mi
8227 Campobello Dr San Antonio, TX	5.0	2.0	2180	$2,100	$0.96	52d	1	1.27mi
4035 Barrington St San Antonio, TX	4.0	4.5	2078	$2,000	$0.96	53d	1	1.36mi
10503 Merritime Ct San Antonio, TX	4.0	2.0	2032	$2,200	$1.08	22d	1	1.36mi
2904 Knight Robin Dr San Antonio, TX	5.0	3.5	2780	$2,250	$0.81	57d	1	1.46mi

Listing history 50 events

1. 2026-08-08
   days on market $303,999 Active 169 DOM
2. 2026-08-06
   days on market $303,999 Active 167 DOM
3. 2026-08-05
   days on market $303,999 Active 166 DOM
4. 2026-08-04
   days on market $303,999 Active 165 DOM
5. 2026-08-03
   days on market $303,999 Active 164 DOM
6. 2026-07-31
   days on market $303,999 Active 161 DOM
7. 2026-07-30
   days on market $303,999 Active 159 DOM
8. 2026-07-28
   days on market $303,999 Active 158 DOM
9. 2026-07-26
   pricedays on market $303,999 Active 156 DOM
10. 2026-07-24
    days on market $302,999 Active 154 DOM
11. 2026-07-23
    days on market $302,999 Active 153 DOM
12. 2026-07-22
    price $302,999 Active 152 DOM
13. 2026-07-22
    days on market $302,499 Active 152 DOM
14. 2026-07-21
    days on market $302,499 Active 151 DOM
15. 2026-07-20
    pricedays on market $302,499 Active 150 DOM
16. 2026-07-18
    days on market $301,999 Active 148 DOM
17. 2026-07-18
    pricedays on market $301,999 Active 147 DOM
18. 2026-07-16
    days on market $301,499 Active 146 DOM
19. 2026-07-15
    days on market $301,499 Active 145 DOM
20. 2026-07-14
    days on market $301,499 Active 144 DOM
21. 2026-07-13
    days on market $301,499 Active 143 DOM
22. 2026-07-13
    pricedays on market $301,499 Active 142 DOM
23. 2026-07-11
    days on market $300,999 Active 141 DOM
24. 2026-07-10
    days on market $300,999 Active 140 DOM
25. 2026-07-09
    days on market $300,999 Active 139 DOM
26. 2026-07-07
    days on market $300,999 Active 137 DOM
27. 2026-07-06
    days on market $300,999 Active 136 DOM
28. 2026-07-05
    days on market $300,999 Active 135 DOM
29. 2026-07-03
    days on market $300,999 Active 133 DOM
30. 2026-07-02
    days on market $300,999 Active 132 DOM
31. 2026-07-01
    days on market $300,999 Active 131 DOM
32. 2026-06-30
    days on market $300,999 Active 130 DOM
33. 2026-06-29
    days on market $300,999 Active 129 DOM
34. 2026-06-28
    days on market $300,999 Active 128 DOM
35. 2026-06-27
    days on market $300,999 Active 127 DOM
36. 2026-06-26
    days on market $300,999 Active 126 DOM
37. 2026-06-24
    days on market $300,999 Active 124 DOM
38. 2026-06-22
    days on market $300,999 Active 122 DOM
39. 2026-06-21
    pricedays on market $300,999 Active 121 DOM
40. 2026-06-18
    price $300,499 Active 118 DOM
41. 2026-06-18
    days on market $299,999 Active 118 DOM
42. 2026-06-17
    days on market $299,999 Active 117 DOM
43. 2026-06-16
    days on market $299,999 Active 116 DOM
44. 2026-06-13
    pricedays on market $299,999 Active 113 DOM
45. 2026-06-13
    pricedays on market $299,499 Active 112 DOM
46. 2026-06-10
    price $298,499 Active 109 DOM
47. 2026-06-09
    days on market $297,999 Active 109 DOM
48. 2026-06-08
    days on market $297,999 Active 108 DOM
49. 2026-06-08
    price $297,999 Active 107 DOM
50. 2026-06-07
    days on market $297,499 Active 107 DOM

ⓘ 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: $32,076
• − Mortgage interest: −$29,345
• − Property taxes: −$7,858
• − Insurance: −$2,619
• − Repairs & maintenance: −$2,566
• − Management: −$2,566
• − Depreciation: −$15,240
• Taxable loss: −$28,119
• Est. tax savings @ 24.0%: +$6,748
• After-tax cash flow: $-11,356/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 new two-story home is in excellent condition with a modern design and well-maintained features. It is move-in ready and has the potential for further value increases through minor exterior and landscaping improvements.

Value-add opportunities

• Both Painting the exterior brick — Enhances curb appeal and can increase both resale and rental value ↑
• Both Landscaping improvements — Enhances curb appeal and can increase both resale and rental value ↑

F Composite school gradezoned avg 30/100

Zoned Schools

Elementary Oak Grove El F TX #2,791/4,322 Nat'l #28,475/41,679 Middle Garner Middle F TX #1,317/1,662 Nat'l #10,902/14,009 High Macarthur H S F TX #774/1,632 Nat'l #7,961/17,239

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

A Composite livability gradescore 80/100

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 · 2,336,851 people
• City population: 1,806,925
• Metro: San Antonio-New Braunfels, TX
• Population (ZIP): 58,983
• Household income: $52,088
• Rent vs Own: 42.4% rent · 57.6% own
• Severe rent burden: 18% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (76%)
• Race & ethnicity: Hispanic / Latino 76% Two or more races 28% White 16% Black 5% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 67%
• Common ancestry: Lithuanian 2% Romanian 1% Slovak 1%
• Foreign-born: 10% · Canada, Vietnam
• Languages at home: 63% English-only · Spanish 36%

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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: ▼ -52.06%
• Current HPI: 265.2235
• Rent YoY: ▼ -3.36%
• Metro: San Antonio-New Braunfels, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

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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

-2.3% since first listed

3 events — show timeline

• 2026-05-12 Price Changed $296,999 Zillow
• 2026-05-05 Price Changed $299,999 Zillow
• 2026-02-20 Listed $303,999 Zillow