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$198,000

7203 Spring Drops, San Antonio, TX, 78249

Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,544 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$128.24 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesDishwasher, Dryer, Refrigerator, Range, Cooktop, Washer
FlooringCeramic Tile

Exterior

Exterior FeaturesBalcony
Lot Size6,405 sqft

Building Information

Year Built1979
Stories1
Roof Type109
Garage Spaces2

Land Information

APN16105-016-0290
Lot Number29
SubdivisionOxbow
Land UseResidential
Legal DescriptionNCB 16105 BLK 16 LOT 29
Census Tract181809
Assessed Land Value$63,640
Assessed Improvement Value$200,760
Assessment Year2025

About this property

Great house for under $200,000, just reduced to $198,000. Very nice, roomy home with 3 bedrooms, 2 baths, a 2 car garage, plus 2 living areas and 2 dining areas. Room for everyone! The family room has a large corner fireplace to enjoy those cool evenings. Tons of potential. Roof was replaced 5 years ago and HVAC is only 2 years old. Exterior and main living areas have been painted. Conveniently located near 1604 and IH 10. Close to Rohde Park, Leon Creek Greenway N. Park Trail and shopping.

Investor Tools

Property Icon
$264,400
Estimated Property Value
$0Estimated Mortgage Balance
$86,233Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,586 /month
Positive
Cash Flow Estimate:
$529 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$180/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$839
$264,400
2025
$63,640
$200,760
$264,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$839
$264,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Simmons Bank
Credit Line (Revolving) / Heloc
$180,000
No
First
Oct 9, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$178,167
$86,233
32%
67%
$1,080/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,020/mo
$1,080/mo
+$940/mo
9.2%

Learn About the Market: Opportunity in San Antonio

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Explore

San Antonio

San Antonio balances deep Texas history with steady modern growth. Home to the Alamo and the River Walk, the city carries cultural gravity — but its economic foundation is anchored in military installations, healthcare networks, cybersecurity, and tourism.

Compared to many peer metros, San Antonio maintains a lower cost of living and more affordable housing, attracting both military families and long-term residents seeking stability. It’s a market defined less by flash and more by durability — steady expansion with strong community roots.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$255,200

Unemployment Rate

Unemployment Rate

3.80%

Price Trend

Price Trend

~3–5% YoY growth

New Permits

New Permits

~3,200 units

City: San Antonio

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7203 Spring Drops | Property Details | No Agent List