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10210 Rhyder Ridge San Antonio, TX 78254

3 Beds 2 Baths 1,866 sqft Built 2015

$265,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $142.02
  • 3 Days on Market
  • MLS # : 1506558
  • Updated Date : 01/29/2021 at 12:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,866 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

Make this extraordinary DR Horton home yours. Built in 2015, this hidden gem is nestled in a quiet setting within Wildhorse at Tausch Farms. A stunning home, it provides a brick exterior, open floor plan, sprinkler system, back yard for entertaining, three bedrooms, two full baths, study/office, an amazing covered patio, water softener, and a two-car attached garage. This home offers an inviting entry way that leads into a formal dining room. With a welcoming living area it is beautifully open with high ceilings as this space flows seamlessly into a large island kitchen with granite counters, ample custom cabinetry, an expansive island with casual bar seating, upgraded Frigidaire Gallery appliances, and gas stove. Perfect open area for family gatherings and entertaining. A private hallway leads you to two spacious secondary bedrooms, with full bathroom, and each with closets. Another private hallway leads you to the master suite which beautifully accommodates a large bathroom with tile shower, dual vanity, and a walk in closet. This residence is just amazing and a must see. Only thing missing is you! Welcome Home.

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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 Unknown NA
Jefferson Middle School Middle Regular 1,451 79 7
Harlan High School High Unknown 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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$920
Property Tax -$592
Property Insurance -$135
HOA -$37
Property Management Fees -$99
CASH FLOW
-$122

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.

$265,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.63%

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$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,541

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,661

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6493$1,6604$1,7255$1,795
$1,795
RENT COMPS ANALYSIS
  • 10210 Rhyder Ridge San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.89
    •  
  • 9310 Palomino Path San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2011
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.83
    •  
  • 10907 Flying Fury Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2011
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.88
    •  
  • 10418 Turnpike Turn San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2016
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.92
    •  
  • 8426 Shooter Cove San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2016
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.93
    •  
PROPERTY LISTING DETAILS
Paul Clarke
1.210.724.5320
Coldwell Banker D'ann Harper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1506558
Last Updated: 01/29/2021
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