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10122 Caspian Path San Antonio, TX 78254

3 Beds 2 Baths 1,675 sqft Built 2004

$229,900

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $137.25
  • 4 Days on Market
  • MLS # : 1502736
  • Updated Date : 01/08/2021 at 17:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,675 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Legacy

Listing Agent's Description

Don't miss this charming and wonderfully cared for home! Enjoy an open concept floor plan with 3 bedrooms, 2 baths and a study. Hardwood floors flow through the main living area, along with crown molding and a wood burning fireplace for cozy winter nights. Escape to your split owners retreat with high ceilings, double vanity, soaking tub and separate shower. Outdoor deck and covered patio perfect for entertaining. Updates include HVAC 19', Roof 16' w/radiant barrier, Gutters 16', Garage door 16', Stove & Microwave 19'. Located across from excellent neighborhood amenities. Visit today!

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
Krueger Elementary School Primary Regular 1,071 64 9
Jefferson Middle School Middle Regular 1,451 79 7
O'connor High School High Regular 3,094 173 8

Krueger Elementary School

  • Education Level: Primary
  • # of students: 1,071
  • # of teachers: 64
9
GreatSchools Rating

Jefferson Middle School

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

O'connor High School

  • Education Level: High
  • # of students: 3,094
  • # of teachers: 173
8
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$799
Property Tax -$513
Property Insurance -$124
HOA -$25
Property Management Fees -$99
CASH FLOW
$41

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.

$229,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.70%

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$600k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$7,260

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,591

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5503$1,5754$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 10122 Caspian Path San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
  • 10011 Wildhorse Pkwy San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2003
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 10418 Stallion Bay San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2004
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.96
    •  
  • 9822 Dawn Trail San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2004
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.95
    •  
  • 10703 Arabian Sands San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2005
    property image
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
PROPERTY LISTING DETAILS
Kristen Schramme
1.210.482.3298
Keller Williams Legacy
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1502736
Last Updated: 01/08/2021
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