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10242 Shady Meadows San Antonio, TX 78245

3 Beds 3 Baths 2,149 sqft Built 2005

$199,999

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $93.07
  • 4 Days on Market
  • MLS # : 1513739
  • Updated Date : 03/13/2021 at 16:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,149 sqft
  • Baths : 2 full , 1 half
Listing Agent

Becker Properties, Llc

Listing Agent's Description

Huge corner lot with no neighbors behind you. Beautiful brick & hardy plank combo with covered front porch, freshly trimmed hedges, and numerous double pane windows for natural light. Two large living areas, spacious kitchen & dining combo, large half bath, and tons of natural daylight; Ideal for entertaining. The kitchen overlooks the one of the living areas and includes matching Whirlpool appliances, laminate countertops, ample cabinetry, a high-top breakfast bar, eat-in kitchen area, and generous counter space. All 3 bedrooms are located on the 2 level. The master bedroom has great space with huge walk-in closet and large on-suite. The on-suite is complimented with dual vanity, separate shower & garden tub recessed lighting, and a fogged out window above the tub for some great natural daylight. Both guest bedrooms offer comfortable living, well-sized closets & a full bath to share. Upstairs also Includes a sizeable loft, that could be used for a gameroom, office or, study room. The outdoor living of the home provides great space, a privacy fence, & backs up to a green space. In addition, this home is conveniently located minutes away from major highways, shopping, and entertainment with access to NISD schools. Low Taxes. BUYERS this home is USDA eligible. Ask your Realtor about the 0% Down USDA loan program.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (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
Michael Elementary School Primary Regular 828 52 3
Vale Middle School Middle Regular 1,349 78 5
Stevens High School High Regular 2,866 172 4

Michael Elementary School

  • Education Level: Primary
  • # of students: 828
  • # of teachers: 52
3
GreatSchools Rating

Vale Middle School

  • Education Level: Middle
  • # of students: 1,349
  • # of teachers: 78
5
GreatSchools Rating

Stevens High School

  • Education Level: High
  • # of students: 2,866
  • # of teachers: 172
4
GreatSchools Rating
 

$179,999$219,999$199,999

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 -$695
Property Tax -$446
Property Insurance -$151
HOA -$14
Property Management Fees -$99
CASH FLOW
-$65

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.

$199,999

PROJECTED PRICE

$1,340

PROJECTED RENT

0.67%

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$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $149,999
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$1,746

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
  • $0.62

    LIST RENT PER SQFT
  • $1,488

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,3503$1,3954$1,4955$1,750
$1,750
RENT COMPS ANALYSIS
  • 10242 Shady Meadows San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,149 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,149 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.62
    •  
  • 10238 Shady Meadows San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,149 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,149 Sqft ∙ Built 2005
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.63
    •  
  • 2531 Paddle Creek San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 2002
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.70
    •  
  • 9958 Sunset Pl San Antonio, TX 4
    • 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 2003
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.69
    •  
  • 3307 Barrel Pass San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2015
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.75
    •  
PROPERTY LISTING DETAILS
Ryan Gonzales
1.210.287.8917
Becker Properties, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1513739
Last Updated: 03/13/2021
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