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312 Devonshire Dr, San Antonio Investment Report: Flip & Rental Analysis · Frontflip
25
Values up 6%, Rent Climbs to $2,037
Updated 5 days ago • 3 new comps
Your Investment Paths
Turnkey Rental
This property shows promising rental potential, with estimated monthly income ranging from $1,551 to $1,901. These figures reflect a solid market performance, positioning the asset well for steady cash flow within this specific neighborhood. The estimated rental yield of approximately 5.49% highlights a reliable investment opportunity for your portfolio. This consistent income potential makes the unit an attractive candidate for investors seeking stable returns in the current market.
More about this home
Neighborhood Assessment
Terrell Heights is a desirable, established San Antonio neighborhood supported by strong schools, mature homes, and access to Alamo Heights amenities. Woodridge Elementary and Alamo Heights Junior High are both highly rated and within about 1 mile, while nearby projects—including a rebuilt high school campus, pedestrian improvements, new mixed-use retail, and a planned 300-unit apartment community—should reinforce convenience and long-term demand. However, market conditions are cooler, with homes taking longer to sell. The 1,203-square-foot, 2-bedroom home is priced around $313 per square foot, near the broader 78209 market but above recent nearby smaller-home indicators. Comparable properties range from roughly $325K to $381K for similar or larger homes, while the neighborhood estimate is about $379K. Severe heat and wind exposure, high taxes, and an unusually large reported HOA fee require careful verification. Rental potential appears limited at approximately $1.9K monthly, making this stronger as an owner-occupant or long-term appreciation play than a cash-flow investment.
Market Activity
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Rental Income
$21K
Yield
5.5%
Year 1 Estimates
Fix-and-Flip
Updating your home brings a fresh, modern appeal that resonates with buyers. While the price per square foot shifts from $249 to $256, an increase of roughly 3%, this creates a polished look that truly shines. These enhancements lift rent potential up to $2,115, offering a solid boost for investors. Whether you plan to sell or lease, these improvements help your property stand out, unlocking its full charm and long-term potential.
Value Add
$9K
Post Typical Renovation
Buy-Rehab-Rent
The property offers solid potential with an after-repair value between $289,000 and $320,000. Renovations align well with market standards, supporting a reliable price-per-square-foot uplift while positioning the home competitively within this established residential neighborhood. Rental performance remains consistent, yielding an estimated $2,037 monthly income. With an 8.0% yield, this asset serves as a stable income generator, balancing renovation costs against steady cash flow to ensure a practical long-term investment.
Rental Income
$24K
Yield
8.0%
Year 1 Estimates, Post Typical Renovation
Asking price
$377K
$95K over comp median
Comparative Market Analysis
$239K – $425K
~83 days to sell
Based on 8 comps