231 Prospect St

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Property Specs:

3 Beds / 1 Baths / 796 sqft

.072 Acres Lot Size 

Why you need this deal!

This below-market, 3 bed, 1 bath single-family home at 231 Prospect, San Antonio, TX 78211 offers solid structure with 1,000+ total sq ft of living space, ready for cosmetic upgrades or a full renovation. Situated in San Antonio’s 78211 zip code—where recent comps on Prospect Ave and nearby streets have sold between $149K–$170K and renovated homes are achieving $165K–$200K+—this property represents an ideal entry point for investors seeking appreciation. The rental market in this submarket remains strong, with average monthly rents ranging $1,300–$1,600 for similar homes, ensuring steady cash-flow potential. With low vacancy rates and rising property values in the area, this asset is well-positioned for a profitable fix-and-flip or long-term rental hold, with an estimated ARV of $175,000+.

Asking Price: $95,000.00

Resale Value(ARV): $165,000.00

Rent/Cash Flow: $1,300 - $1,800 / M

Est Flip & Fix Profit: $20 - 40k

VACANT - APPOINTMENT ACCESS 

COMPS:

• 143 Prospect Ave - Sold: 2/9/2025 for $167,447

• 3514 Gracie St - Sold: 11/24/2024 for $167,000

• 606 Fay Ave - Sold: 6/01/2025 for $152,000

• 3206 N Golden Ave - AS-IS Sold: 5/28/2025 for $120,000

Repairs: $20,000 - $40,000

(depending on your contractors and team)

• Exterior Work - Cosmetic Work

• Interior Work - Cosmetic Work, update kitchen, update bathrooms, flooring (optional)

Disclaimer: Please do all due diligence BEFORE submitting an offer. 

Resources:

• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.

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