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1018 Sundance Fall San Antonio, TX 78245

3 Beds 2 Baths 1,606 sqft Built 2009

$204,900

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $127.58
  • 3 Days on Market
  • MLS # : 1501077
  • Updated Date : 12/26/2020 at 00:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,606 sqft
  • Baths : 2 full
Listing Agent

All City Real Estate, Ltd. Co.

Listing Agent's Description

Welcome to this lovely, well kept 3 bedroom/2 bath home located in the popular neighborhood of Sundance! Tons of natural light, open floor plan, no carpet in living areas. Both bathrooms have updated cabinet color and primary bath features a double vanity and a separate shower/tub. Neighborhood amenities include a club house, sports court, pool, and clubhouse. Quick and easy commute to shopping, restaurants, LAFB/Medina Annex, NSA-TX, and more!

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
Lieck Elementary School Primary Regular 697 42 6
Bernal Middle School Middle Regular 618 38 NA
Brennan High School High Regular 2,455 137 7

Lieck Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 42
6
GreatSchools Rating

Bernal Middle School

  • Education Level: Middle
  • # of students: 618
  • # of teachers: 38
NA
GreatSchools Rating

Brennan High School

  • Education Level: High
  • # of students: 2,455
  • # of teachers: 137
7
GreatSchools Rating
 

$184,410$225,390$204,900

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$756
Property Tax -$457
Property Insurance -$120
HOA -$67
Property Management Fees -$99
CASH FLOW
-$99

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.

$204,900

PROJECTED PRICE

$1,400

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
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$60,049

INVESTMENT

$60,049

Down Payment
$51,225
Rehab Estimate
$5,750
Closing Costs
$3,074

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,225
Loan Amount $153,675
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,484

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,409

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4003$1,4254$1,4505$1,550
$1,550
RENT COMPS ANALYSIS
  • 1018 Sundance Fall San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.87
    •  
  • 1315 Sundance Fall San Antonio, TX 1
    • 4 beds 2 baths ∙ 1,639 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,639 Sqft ∙ Built 2008
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.85
    •  
  • 13423 N Solar Crest San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 2008
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.87
    •  
  • 1011 Sundance Fall San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2010
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 13018 Bunkhouse San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2018
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.89
    •  
PROPERTY LISTING DETAILS
Sara Terry
1.210.381.9199
All City Real Estate, Ltd. Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1501077
Last Updated: 12/26/2020
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