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10114 Rhyder Ridge San Antonio, TX 78254

4 Beds 3 Baths 2,502 sqft Built 2018

INVESTimate

$269,900

List Price

$1,840

$1,656 - $2,024

Rent Est.

$280,426  ( +3.90%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $107.87
  • 6 Days on Market
  • MLS # : 1478584
  • Updated Date : 08/21/2020 at 20:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,502 sqft
  • Baths : 2 full , 1 half
Listing Agent

Gsar, Llc

Listing Agent's Description

Almost NEW home located in the Wildhorse at Tausch Farms community! 5 bedrooms 2.5 bath open floor plan, featuring: granite counter tops, tile floorings, irrigation system, beautiful large size lot, located within minutes away from Sea World, the Alamo Ranch shopping center, La Cantera, and UTSA! Master bedroom is located on the first floor and a nice she game room/ loft area upstairs with 4 additional bedrooms. Come tour this beautiful home as it will go fast!

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*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $86k235k

* 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
Field Elementary School Primary Regular NA
Jefferson Middle School Middle Regular 1,451 79 7
Harlan High School High Regular NA

Field Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Jefferson Middle School

  • Education Level: Middle
  • # of students: 1,451
  • # of teachers: 79
7
GreatSchools Rating

Harlan High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$996
Property Tax -$603
Property Insurance -$171
HOA -$37
Property Management Fees -$99
CASH FLOW
-$65

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.

$269,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.90%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$4,096

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,839

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7953$1,8404$1,8505$1,975
$1,975
RENT COMPS ANALYSIS
  • 10114 Rhyder Ridge San Antonio, 3
    • 4 beds 3 baths ∙ 2,502 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,502 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.74
    •  
  • 10410 Boland Bend San Antonio, 1
    • 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 2014
    property image
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.72
    •  
  • 8802 Creager Canyon San Antonio, 2
    • 4 beds 3 baths ∙ 2,597 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,597 Sqft ∙ Built 2014
    property image
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.69
    •  
  • 8923 Hubbard Hill San Antonio, 4
    • 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 2014
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.77
    •  
  • 8923 Dusty Run Ln San Antonio, 5
    • 4 beds 4 baths ∙ 2,597 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,597 Sqft ∙ Built 2014
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.76
    •  
PROPERTY LISTING DETAILS
Monique Cardenas
1.210.254.8336
Gsar, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478584
Last Updated: 08/21/2020
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