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10230 Caspian Bend San Antonio, TX 78254

3 Beds 2 Baths 1,815 sqft Built 2008

$285,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $157.02
  • 2 Days on Market
  • MLS # : 1545138
  • Updated Date : 07/12/2021 at 20:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,815 sqft
  • Baths : 2 full
Listing Agent

Ih 10 Realty

Listing Agent's Description

Beautiful 3/2/2 in Wildhorse. Open floor plan, great for family entertaining. Open kitchen with built in desk/work area. Lots of windows for view of patio and back yard. Covered patio and deck for outdoor gatherings. Master bath has garden tub and large walk in closet space. New carpet and inside paint. Upgraded high efficiency water heater less than 2 years old. 9.1 KW Solar panels that will transfer upon closing. Average monthly electric bill averages $1.00 . The 25 year warranty will transfer to new owner. all appliances are less than 2 years old. This home is close to shopping, schools, and Sea World . Come visit and make it your own.

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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$990
Property Tax -$636
Property Insurance -$132
HOA -$25
Property Management Fees -$99
CASH FLOW
-$242

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.

$285,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.58%

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

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$194

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,638

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6253$1,6404$1,6505$1,675
$1,675
RENT COMPS ANALYSIS
  • 10230 Caspian Bend San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.90
    •  
  • 10602 Tiger Horse Cove San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 2005
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.88
    •  
  • 10030 Shetland Wind San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2006
    LEASED 06/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.97
    •  
  • 10603 Tiger Horse Cove San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,925 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,925 Sqft ∙ Built 2005
    LEASED 05/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 10714 Buckskin Way San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 2005
    LEASED 05/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.90
    •  
PROPERTY LISTING DETAILS
Rex Mccord
1.210.464.3723
Ih 10 Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1545138
Last Updated: 07/12/2021
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