You’re hitting all the right notes here! At $145,500, this 1,344 sqft property is priced well below the neighborhood median of $182,600. By tackling these specific cosmetic updates, you aren't just fixing a house—you're forcing appreciation to hit that $190,000 potential value.
LVP is a fantastic choice for this floor plan; it's durable for tenants and looks high-end for buyers. Removing the old wallpaper and adding Monterey texture is the "secret sauce" to making a 1968 home feel modern. It's the most cost-effective way to boost appraisal value.
| Project | Approx. Cost | Resale Impact |
| :--- | :--- | :--- |
| LVP Flooring | $5,500 - $7,000 | High |
| Kitchen Refresh | $4,000 - $6,000 | Very High |
| Texture/Wallpaper | $4,500 - $5,500 | High |
| Patio & Fence | $3,000 - $4,500 | Essential |
Keep your total budget around $20k–$25k to protect your margins. Interestingly, the tax assessment is already $165,570. Buying at $145,500 gives you a great argument to protest your taxes and keep your carrying costs low while you renovate.
Focus on the kitchen and the wall texture first; those are the "money makers" in the 78227 market. If you execute well, you're looking at a very healthy profit spread or a high-performing rental!
530 Scotty, San Antonio Investment Report: Flip & Rental Analysis · Frontflip