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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $104.05
- 3 Days on Market
- MLS # : 1500434
- Updated Date : 12/19/2020 at 20:47
CONSTRUCTION
- Beds : 3
- Floor Size : 1,778 sqft
- Baths : 2 full
Listing Agent
Jp & Associates, Realtors
Listing Agent's Description
Adorable charmer located in a lovely pocket of the north east side of San Antonio. Living room features vaulted ceilings with cedar look beams, bar area, & brick fireplace. Master bedroom is split from the other bedrooms and has a large bath with double sinks & a large step down shower. Secondary bedroom offers a built in desk, ample space as well as a huge walk in closet. Conveniently located close to IH35 with easy access to Ft. Sam, Randolph AFB & RBFCU headquarters. Lovely additions such as a front court yard, back Florida room, built ins & oversized side entry garage.
SEE MORE
- 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: Royal Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Royal Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$683 |
| Property Tax | -$419 | |
| Property Insurance | -$130 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$153
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.
$185,000
PROJECTED PRICE
$1,500
PROJECTED RENT
0.81%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.31% |
| Appreciation Year (1-5) | 5.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.54% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$54,775
LOAN DETAILS
$683
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $46,250 |
| Loan Amount | $138,750 |
6.42
YEARS SAVED
$15,628
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,494
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
10302 Royal Coach San Antonio, TX 4
- 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,500
- $0.84
-
34 Basin Elm San Antonio, TX 1
- 3 beds 3 baths ∙ 1,627 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,627 Sqft ∙ Built 2003
LEASED 01/03/20- Rent
- Rent Per SQFT
- $1,350
- $0.83
-
5806 Grandwood Dr San Antonio, TX 2
- 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1986
LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,375
- $0.85
-
6638 Barton Rock Rd San Antonio, TX 3
- 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1997
LEASED 08/12/20- Rent
- Rent Per SQFT
- $1,450
- $0.77
-
6130 Grand Pt San Antonio, TX 5
- 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1972
LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,650
- $0.91
PROPERTY LISTING DETAILS
1.210.232.3666
Jp & Associates, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1500434
Last Updated: 12/19/2020
