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$450,000

For Sale - Active
610 Novella, Adkins, TX 78101
6 Beds
0 Baths
2,430 Square Feet
0.00 Acres Lot
Built in 2023
For Sale - Active
Units n/a
Checked: 12 hours ago
Updated: Jun 07, 2025 at 03:25AM

Investment Summary


Monthly Cash Flow
-$1,709
Cap Rate
1.1%
Cash-on-Cash Return
-19.8%
Debt Coverage Ratio
0.20
Internal Rate of Return (5 years)
-15.1%

Property Description


0.00 Acres Lot
Built in 2023
For Sale - Active
Units n/a

***PRICE REDUCED*** MOTIVATED SELLER! Fantastic Duplex on Over Half an Acre - Incredible Investment or Multigenerational Opportunity! Don't miss this rare find: a spacious duplex situated on three expansive lots, totaling more than half an acre! Each unit offers 1,200 sq ft of comfortable living space, featuring 3 generously sized bedrooms and 2 well-appointed bathrooms. Both units are currently leased - one on a month-to-month basis, the other secured through February 2026 - making this a great income-producing property from day one. Whether you're looking for a multi-generational home, space for extended family, or a solid investment opportunity, this property checks all the boxes. With no HOA restrictions and plenty of room to expand, you'll have the freedom to build additional dwellings or other structures if desired. Major upgrades have already been taken care of, including a roof and HVAC system both under 5 years old. Located just 17 miles from the San Antonio Riverwalk, you'll enjoy convenient access to downtown while savoring the peace and quiet of this spacious, serene lot. This property truly has it all - space, flexibility, location, and potential. Come see it for yourself!

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 0.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Foundation: Slab
  • Roof Material: Composition

Land Information

  • Land Use: Residential Income
  • Land Use Subtype: Duplex

Lot Information

  • Parcel ID: 059770040250
  • Lot Size: 0 sqft

Property Information

  • Property Type: One Story
  • Style: One Story
  • Year Built: 2023

Tax Information

  • Annual Tax: $7,362

Utilities

  • Heating: Electric, Central
  • Cooling: Central Air

Location

  • County: Bexar

Listing Details


Listed by:
Lanette Francovich
Keller Williams City-View
(210) 990-9243

Source:
San Antonio Board of REALTORS
MLS#: 1859136
San Antonio Board of REALTORS

Investment Summary


Monthly Cash Flow
-$1,709
Cap Rate
1.1%
Cash-on-Cash Return
-19.8%
Debt Coverage Ratio
0.20
Internal Rate of Return (5 years)
-15.1%

Purchase Details

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Purchase price:
$450,000
Amount financed:
-$360,000
Down payment:
$90,000
Closing costs:
$13,500
Rehab costs:
$0
Initial cash invested:
$103,500
Square feet:
2,430
Cost per square foot:
$185
Monthly rent per square foot:
$0.62

Financing Details

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Loan amount:
$360,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,130
Property tax:
$614
Insurance:
$105
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,849

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,500 $18,000
Vacancy loss: (6%)
6% -$90 -$1,080
Operating income:
$1,410 $16,920

Operating Expenses


% Rent Monthly Yearly
Property taxes: (41%)
41%-$614-$7,362
Insurance: (7%)
7%-$105-$1,260
Property management: (8%)
8%-$120-$1,440
Repairs & maintenance: (5%)
5%-$75-$900
Capital expenditures: (5%)
5%-$75-$900
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (66%)
66%-$989-$11,862

Cash Flow


Monthly Yearly
Net operating income:
$421 $5,052
Mortgage payments:
-$2,130 -$25,560
Cash flow:
$1,709 $20,508