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10243 Castello Cyn San Antonio, TX 78254

4 Beds 3 Baths 2,052 sqft Built 2016

INVESTimate

$237,000

List Price

$1,680

$1,512 - $1,848

Rent Est.

$246,243  ( +3.90%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $115.50
  • 6 Days on Market
  • MLS # : 1478663
  • Updated Date : 08/25/2020 at 16:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,052 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

OPEN HOUSE, SATURDAY AUG 29, 1-4 PM! Tons of upgrades in this two-story, four bedroom 2016 Centex home with spacious open-concept AND upstairs game room/loft. Huge laundry room, beautiful kitchen with granite and island. One of the secondary bedrooms is downstairs, perfect for guests, an office space, or home gym. Great family-friendly neighborhood with park, playground, and excellent NISD schools.

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
Kallison Elementary School Primary Regular NA
Folks Middle School Middle Regular 700 45 NA
Harlan High School High Regular NA

Kallison Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Folks Middle School

  • Education Level: Middle
  • # of students: 700
  • # of teachers: 45
NA
GreatSchools Rating

Harlan High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$213,300$260,700$237,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$874
Property Tax -$529
Property Insurance -$145
HOA -$17
Property Management Fees -$99
CASH FLOW
$15

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.

$237,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.90%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,555

INVESTMENT

$68,555

Down Payment
$59,250
Rehab Estimate
$5,750
Closing Costs
$3,555

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,250
Loan Amount $177,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$7,518

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,688

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6803$1,6954$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 10243 Castello Cyn San Antonio, 2
    • 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.82
    •  
  • 12011 Agnew Ridge San Antonio, 1
    • 3 beds 3 baths ∙ 1,955 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,955 Sqft ∙ Built 2011
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.76
    •  
  • 10215 Castello Cyn San Antonio, 3
    • 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 2016
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
  • 12034 Silver Light San Antonio, 4
    • 4 beds 3 baths ∙ 2,029 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,029 Sqft ∙ Built 2019
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 9715 Bricewood Post San Antonio, 5
    • 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 2018
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.84
    •  
PROPERTY LISTING DETAILS
Holly Stein
1.972.741.8633
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478663
Last Updated: 08/25/2020
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