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10218 Barron Field San Antonio, TX 78245

3 Beds 3 Baths 1,478 sqft Built 1985

$157,500

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $106.56
  • 2 Days on Market
  • MLS # : 1493929
  • Updated Date : 11/08/2020 at 05:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,478 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Beautiful gently owned 3 bedroom 2 1/2 bath home with a ton of recent updates that include new light fixtures, new granite counter tops , new floor and a fresh coat of exterior paint. This must-see two story home offers a spacious open floor plan, natural wood look flooring ,an amazing back yard, and is located on a cul-de-sac in a nice quiet subdivision. Conveniently located near 410, 1604 and Hwy 90. Move-in ready and eligible for zero down USDA financing . This Home is A must see !!

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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*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
Kriewald Rd Elementary School Primary Regular 585 35 6
Francis R. Scobee Middle School Middle Regular 968 59 4
Southwest High School High Regular 3,545 195 3

Kriewald Rd Elementary School

  • Education Level: Primary
  • # of students: 585
  • # of teachers: 35
6
GreatSchools Rating

Francis R. Scobee Middle School

  • Education Level: Middle
  • # of students: 968
  • # of teachers: 59
4
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$141,750$173,250$157,500

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$581
Property Tax -$352
Property Insurance -$112
Property Management Fees -$99
CASH FLOW
$186

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.

$157,500

PROJECTED PRICE

$1,330

PROJECTED RENT

0.84%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$47,488

INVESTMENT

$47,488

Down Payment
$39,375
Rehab Estimate
$5,750
Closing Costs
$2,363

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$581

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $39,375
Loan Amount $118,125
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$20,275

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,323

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2003$1,2494$1,3255$1,330
$1,330
RENT COMPS ANALYSIS
  • 10218 Barron Field San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,478 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,478 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.90
    •  
  • 10134 Sungate Park San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 2003
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $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
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.88
    •  
  • 2855 Cherry Field Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1985
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.90
    •  
  • 10211 Hawaiian Field San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1988
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.93
    •  
PROPERTY LISTING DETAILS
Jorge Lizalde
1.210.264.1125
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1493929
Last Updated: 11/08/2020
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