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10231 Redfish Cavern San Antonio, TX 78245

3 Beds 2 Baths 1,605 sqft Built 2001

$164,900

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $102.74
  • 2 Days on Market
  • MLS # : 1501925
  • Updated Date : 01/03/2021 at 00:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,605 sqft
  • Baths : 1 full , 1 half
Listing Agent

Home Team Of America

Listing Agent's Description

3 bedrooms 1.5 bath with large yards for entertaining and kiddos and pets to run around. Near 1604 and Hwy 90. Minutes to Lackland AFB. Utility and pantry is good size. Living room and main bedroom is good size.

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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
Fisher Elementary School Primary Regular 866 58 6
Rayburn Middle School Middle Regular 978 73 4
John Jay High School High Regular 2,929 182 3

Fisher Elementary School

  • Education Level: Primary
  • # of students: 866
  • # of teachers: 58
6
GreatSchools Rating

Rayburn Middle School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 73
4
GreatSchools Rating

John Jay High School

  • Education Level: High
  • # of students: 2,929
  • # of teachers: 182
3
GreatSchools Rating
 

$148,410$181,390$164,900

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$608
Property Tax -$368
Property Insurance -$120
HOA -$13
Property Management Fees -$99
CASH FLOW
$132

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.

$164,900

PROJECTED PRICE

$1,340

PROJECTED RENT

0.81%

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$450k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,449

INVESTMENT

$49,449

Down Payment
$41,225
Rehab Estimate
$5,750
Closing Costs
$2,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$608

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,225
Loan Amount $123,675
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$14,852

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,344

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,2793$1,3004$1,3405$1,350
$1,350
RENT COMPS ANALYSIS
  • 10231 Redfish Cavern San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.83
    •  
  • 9814 Echo Plain Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1992
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.85
    •  
  • 9743 Frost Plain Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1996
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,279
    • $0.85
    •  
  • 10011 Sungate Park San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2004
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.81
    •  
  • 10110 Redfish Cavern San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2001
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.84
    •  
PROPERTY LISTING DETAILS
Corazon Hagerty
1.210.373.0838
Home Team Of America
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1501925
Last Updated: 01/03/2021
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