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10039 Raven Field Dr San Antonio, TX 78245

3 Beds 2 Baths 1,344 sqft Built 1985

$182,500

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $135.79
  • 2 Days on Market
  • MLS # : 1501106
  • Updated Date : 12/26/2020 at 19:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,344 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

ATTENTION BUYERS!! Solid, Move-In-Ready Home. Located West of SA, This Opportunity Has Easy Access To Major Highways (90,1604,151 & 410). Minutes Away From Lackland AFB. This Area Has Major Upside In Terms Of Growth & Potential. Owner's Have Taken Great Pride In Adding Their Own Personal Touch & Craftsmanship. Please Come See For Yourself Today, As This Property Won't Last Long. Thanks For Showing!!!

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: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Michael Elementary School Primary Regular 828 52 3
Vale Middle School Middle Regular 1,349 78 5
Stevens High School High Regular 2,866 172 4

Michael Elementary School

  • Education Level: Primary
  • # of students: 828
  • # of teachers: 52
3
GreatSchools Rating

Vale Middle School

  • Education Level: Middle
  • # of students: 1,349
  • # of teachers: 78
5
GreatSchools Rating

Stevens High School

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

$164,250$200,750$182,500

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$673
Property Tax -$407
Property Insurance -$105
Property Management Fees -$99
CASH FLOW
-$84

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$182,500

PROJECTED PRICE

$1,200

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,113

INVESTMENT

$54,113

Down Payment
$45,625
Rehab Estimate
$5,750
Closing Costs
$2,738

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$673

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $45,625
Loan Amount $136,875
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$1,750

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,203

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,125
1$1,1252$1,2003$1,2004$1,2495$1,325
$1,325
RENT COMPS ANALYSIS
  • 10039 Raven Field Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.89
    •  
  • 2879 Cherry Field Dr San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,288 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,288 Sqft ∙ Built 1985
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.87
    •  
  • 3007 Gypsy Pt San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 2004
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.88
    •  
  • 2855 Cherry Field Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1985
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.90
    •  
  • 10211 Hawaiian Field San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1988
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.93
    •  
PROPERTY LISTING DETAILS
Frank Uriegas
1.210.896.8974
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1501106
Last Updated: 12/26/2020
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