12227 Dower Heights Von · San Antonio, TX 78073

$183,999

3 bd · 2.0 ba · 1,260 sqft · SingleFamily · 29 Days on market

Built 2026 Excellent condition Est $189k · at est.

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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).

• Cash flow +14.8/30.0
• ARV discount +8.7/15.0
• Appreciation +6.3/10.0
• Condition / age +4.8/5.0
• DSCR +4.5/10.0
• 1% rule +4.1/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Schools +2.2/10.0

Listing remarks

This new home is conveniently laid out on a single floor for maximum comfort and convenience. At its heart stands an open-concept layout connecting a spacious family room, a multi-functional kitchen and lovely dining area. The owner's suite is situated in a private corner and comes complete with an adjoining bathroom, while the two secondary bedrooms are located near the foyer.

Key facts

• Adjoining bathroom
• Private corner
• Owner's suite

Tags

• OPEN-CONCEPT LAYOUT
• MULTI-FUNCTIONAL KITCHEN
• OWNER'S SUITE
• ADJOINING BATHROOM
• PRIVATE CORNER

Property features AI

Finance

• Other: Address: 12227 Dower Heights Von, Von Ormy, TX 78073; Listing status: Active
• Financial info: List price $184,999

Exterior

• Home design: Single-family home; Beckman plan
• Construction: New construction (2026 listing)
• Exterior features: Living area approximately 1260

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 bathrooms
• Interior features: Spec new construction (Beckman plan)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $184k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $52 ($624/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $168k (8.9% below list).
• Recommended offer: $168k (8.9% below list) — sets the bar for 1% rule.
• Cap rate 6.6% 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.
• Southwest ISD (rural): math 21% / reading 31% proficiency, ranked #701 of 826 in TX (top 85%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 325 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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

• In year one you build about $6k of equity ($1k loan paydown + $5k appreciation (2.6% local appreciation)).
• Bexar County population projected at +50% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (2.6% appreciation + 3.0% rent growth), your $52k cash investment doubles in ~7 years — after that, you're playing with house money.
• By year 6, 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 29 days — a 2% lower offer ($181k) is reasonable based on typical stale-listing flexibility.

Recommended offer $167,537 (8.9% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 0.91% ✗
• Cap rate: 6.63%
• Cash-on-cash: 1.21%
• DSCR: 1.05
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $189,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4635 Legacy Trl	0.36mi	3/2.0	1,260 (0%)	3mo	$188,999	$150	81
12926 Bone Dry Ln	0.35mi	3/2.0	1,245 (-1%)	2mo	$182,931	$147	80
4623 Legacy Trl	0.39mi	3/2.0	1,260 (0%)	2mo	$180,999	$144	80
4702 Legacy Trl	0.33mi	3/2.0	1,260 (0%)	5mo	$191,999	$152	80
4611 Legacy Trl	0.42mi	3/2.0	1,260 (0%)	0mo	$174,999	$139	80
4614 Legacy Trl	0.41mi	3/2.0	1,260 (0%)	2mo	$179,999	$143	80
4630 Legacy Trl	0.37mi	3/2.0	1,260 (0%)	5mo	$204,999	$163	79
12914 Bone Dry Ln	0.34mi	3/2.0	1,245 (-1%)	6mo	$193,727	$156	77
4603 Legacy Pt	0.42mi	3/2.0	1,260 (0%)	4mo	$208,999	$166	76
12931 Bone Dry Ln	0.43mi	3/2.0	1,242 (-1%)	6mo	$216,009	$174	72
12930 Bone Dry Ln	0.35mi	3/2.5	1,389 (+10%)	5mo	$197,125	$142	60
12907 Jeopardy Ave	0.43mi	2/2.5 (-1)	1,389 (+10%)	4mo	$203,898	$147	52

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

Projected returns pro-forma

2.6% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 7.5%
• Equity multiple: 1.42×
• Total profit: $21,645
• Equity at exit: $78,632

10-year hold

• IRR: 10.4%
• Equity multiple: 2.50×
• Total profit: $77,351
• Equity at exit: $118,084

Cash invested: $51,520 (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 78073

• Home prices YoY: 0.9%
• Active inventory: 325
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,675 high
• Mortgage (P&I): −$965
• Tax est. 1.5%: −$230 /mo · $2,760/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$352
• Net cashflow: $52

Break-even live

Break-even rent $1,610

Max offer price $183,999

Occupancy floor 92%

Sensitivity live

Price	-10% $179	-5% $116	+0% $52	+5% $-12	+10% $-75
Rent	-10% $-80	-5% $-14	+0% $52	+5% $118	+10% $184
Rate	-1.0pp $145	-0.5pp $99	base $52	+0.5pp $4	+1.0pp $-44

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: $46,000
• Closing costs: $5,520
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4839 Legacy Pt Von Ormy, TX	4.0	2.0	1668	$1,795	$1.08	22d	1	0.13mi
13139 Watson Rd Von Ormy, TX	1.0–4.0	1.0–2.0	1017	$1,617	$1.59	3d	1	0.40mi
4606 Legacy Trl Von Ormy, TX	4.0	2.0	1668	$1,695	$1.02	5d	1	0.43mi
12955 Fischer Rd Von Ormy, TX	1.0–4.0	1.0–2.0	1056	$1,357	$1.28	24d	1	0.50mi
11835 Adoring Way Von Ormy, TX	4.0	2.0	1600	$1,800	$1.12	44d	1	1.00mi
11815 Adoring Way Von Ormy, TX	4.0	2.0	1600	$1,750	$1.09	44d	1	1.03mi
6002 Sliding Way Von Ormy, TX	3.0	2.0	1402	$1,425	$1.02	24d	1	1.06mi

Listing history 13 events

1. 2026-06-18
   days on market $183,999 Active 29 DOM
2. 2026-06-17
   days on market $183,999 Active 28 DOM
3. 2026-06-16
   days on market $183,999 Active 27 DOM
4. 2026-06-15
   pricedays on market $183,999 Active 26 DOM
5. 2026-06-13
   days on market $182,999 Active 24 DOM
6. 2026-06-09
   days on market $182,999 Active 20 DOM
7. 2026-06-08
   days on market $182,999 Active 19 DOM
8. 2026-06-07
   days on market $182,999 Active 18 DOM
9. 2026-06-04
   days on market $182,999 Active 15 DOM
10. 2026-06-03
    days on market $182,999 Active 14 DOM
11. 2026-06-02
    days on market $182,999 Active 13 DOM
12. 2026-06-01
    days on market $182,999 Active 12 DOM
13. 2026-05-31
    days on market $182,999 Active 11 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: $20,104
• − Mortgage interest: −$10,307
• − Property taxes: −$2,760
• − Insurance: −$920
• − Repairs & maintenance: −$1,608
• − Management: −$1,608
• − Depreciation: −$5,353
• Taxable loss: −$2,452
• Est. tax savings @ 24.0%: +$588
• After-tax cash flow: $1,212/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

Excellent 95/100 None rehab

This single-family home is in excellent condition with a modern and well-maintained interior and exterior. It is move-in ready and would benefit from some exterior painting and landscaping to further enhance its curb appeal and value.

Value-add opportunities

• Both Painting the exterior siding — Enhances curb appeal and value
• Both Landscaping improvements — Enhances curb appeal and value
• Both New flooring in the kitchen and bathrooms — Modernizes the space and adds value

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior siding — Enhances curb appeal and value ↑
• Both Landscaping improvements — Enhances curb appeal and value ↑
• Both New flooring in the kitchen and bathrooms — Modernizes the space and adds value ↑

ⓘ 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: Southwest ISD
• NCES district ID: 4840950
• Math proficiency: 21% ▼ -21.00%
• Reading proficiency: 31% ▼ -5.00%
• Median HH income: $43,362
• Composite: 22.22/100
• National rank: #8153
• State rank: #701 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
• City population: 1,806,925
• Population (ZIP): 9,510

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 (81%)
• Race & ethnicity: Hispanic / Latino 81% Two or more races 33% White 16%
• Hispanic origin (detail): Mexican 75%
• Foreign-born: 12% · Canada
• Languages at home: 51% English-only · Spanish 48% German/W. Germanic 1%

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: ▲ 2.60%
• Current HPI: 289.1266
• Rent YoY: —
• Metro: —
• 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