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10018 Prescott Dr San Antonio, TX 78245

3 Beds 3 Baths 1,812 sqft Built 1992

$195,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $107.62
  • 5 Days on Market
  • MLS # : 1494480
  • Updated Date : 11/11/2020 at 18:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,812 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redbird Realty Llc

Listing Agent's Description

Beautiful 3 bedroom 2.5 bath home with new SOLAR PANELS, new AC, new water softener. Kitchen has concrete counters and stained concrete flooring. This home has spacious bedrooms upstairs. The large backyard has a covered patio with plenty of space for entertaining with no neighbors behind. NO HOA. Close to Lackland AFB, easy access to 410 151 or 1604, nearby park and plenty of shopping. A MUST SEE HOME!

SEE MORE

MARKET HIGHLIGHTS

  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)
  • Five Fortune 500 companies are headquartered in San Antonio: Valero Energy; Tesoro; United Services Automobile Association (USAA); CST Brands; and iHeart Media (Formerly CC Media Holdings).
  • The metro employment growth is at 2.3 per cent and predicted to be at 2.2% in 2019 (USMayors.org, 2018)
  • San Antonio metro has 60.7 percent labor force participation rate (USMayors.org, 2018)
  • The metro contributes to 7.2 percent of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Heritage

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Cody Elementary School Primary Regular 766 55 3
Pease Middle School Middle Regular 1,139 73 4
Stevens High School High Regular 2,866 172 4

Cody Elementary School

  • Education Level: Primary
  • # of students: 766
  • # of teachers: 55
3
GreatSchools Rating

Pease Middle School

  • Education Level: Middle
  • # of students: 1,139
  • # of teachers: 73
4
GreatSchools Rating

Stevens High School

  • Education Level: High
  • # of students: 2,866
  • # of teachers: 172
4
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$719
Property Tax -$435
Property Insurance -$132
Property Management Fees -$99
CASH FLOW
-$85

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$195,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,534

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,300

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,409

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,3003$1,3754$1,4255$1,550
$1,550
RENT COMPS ANALYSIS
  • 10018 Prescott Dr San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.72
    •  
  • 10339 Prescott Dr San Antonio, TX 1
    • 4 beds 2 baths ∙ 1,743 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,743 Sqft ∙ Built 1983
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.73
    •  
  • 10343 Prescott Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 1983
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.75
    •  
  • 1223 Bay Horse Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1974
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.85
    •  
  • 1214 Temple Square San Antonio, TX 5
    • 4 beds 3 baths ∙ 1,990 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,990 Sqft ∙ Built 1973
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
PROPERTY LISTING DETAILS
Stephanie Garcia
1.210.788.4129
Redbird Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1494480
Last Updated: 11/11/2020
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