San Antonio Rental for Sale
Selling my rental property direct to investor. No agents, no commission. Just a clean deal between principals.
PROPERTY DETAILS:
— 8174 Bent Meadow Dr, Converse, TX 78109 (Meadow Brook subdivision)
— 4 bedrooms, 3 bathrooms (2 full + 1 half)
— 2,300 sq ft, two-story, built 1992
— 7,405 sq ft lot
— HOA: $17/month (Meadow Brook)
FINANCIALS:
— Asking: $209,000 ($91/sqft)
— Current rent: $1,850/month (tenant on month-to-month, willing to sign new lease with buyer)
— Gross annual rent: $22,200
— Gross yield: 10.6%
— Monthly HOA: $17
— Estimated annual taxes: ~$4,500
— Estimated annual insurance: ~$1,800
— NOI (before debt service): ~$15,700
— Cap rate: ~7.5%
RECENT RENOVATIONS:
— New laminate flooring throughout
— Fresh interior paint
— New kitchen countertops
— New appliances
— New ceiling fans
— Updated landscaping
— Solar panels installed (reduces tenant energy costs, attractive retention feature)
— Driveway recently repaired
WHY I'M SELLING:
Reallocating capital. Property cash flows but I want to simplify my portfolio. This is a straightforward deal — tenant is stable, paying on time, and happy to stay. You're buying income from day one with no vacancy, no turn costs, and no lease-up period.
DEAL STRUCTURE:
— FSBO, no agents involved
— Buyer pays their own closing costs
— Title company handles closing
— Can close in 30 days or less
— Cash or conventional financing welcome
— Seller will cooperate with buyer's inspections and appraisal
LOCATION:
— Converse, TX (northeast San Antonio metro)
— Minutes from Randolph Air Force Base (strong rental demand from military families)
— Easy access to I-35 and Loop 1604
— Growing area with new construction surrounding the subdivision
COMPARABLE SALES:
— 8334 Bent Meadow (same street): 3BR/2BA, 1,952 sqft — Sold $258,500 (Feb 2025)
— 707 Meadow Forge: 3BR/2BA, 1,436 sqft — Sold $230,000 (May 2025)
— 8126 Easy Meadow Dr: 3BR/2BA, 1,328 sqft — Sold $229,900 (Jan 2025)
— Meadowbrook median: $225,000 (Redfin)
Note: At $209k you're buying a 4BR/3BA at below the neighborhood median, with a performing tenant already in place. The same-street comp sold for $258k vacant.
CONTACT:
Serious inquiries only. I can provide rent payment history, recent renovation receipts, and property financials to qualified buyers. DM me here at BP.