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10307 Old Farm Rd San Antonio, TX 78245

3 Beds 2 Baths 1,426 sqft Built 1979

$155,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $108.70
  • 2 Days on Market
  • MLS # : 1492816
  • Updated Date : 11/02/2020 at 22:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,426 sqft
  • Baths : 2 full
Listing Agent

Hendricks Property Management

Listing Agent's Description

Desirable single story home just blocks away from Heritage Duck Pond and playground in established Heritage subdivision! This home features brand new carpet, high ceilings in living room and HUGE bonus room with built in bar top! Storage shed in backyard for additional storage and dog kennel! Easy access to 1604 / 410 / Sea World / Lackland AFB and Shopping! Set up your showing today before this one is gone!

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: Heritage

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Cody Elementary School Primary Regular 766 55 3
Pease Middle School Middle Regular 1,139 73 4
Stevens High School High Regular 2,866 172 4

Cody Elementary School

  • Education Level: Primary
  • # of students: 766
  • # of teachers: 55
3
GreatSchools Rating

Pease Middle School

  • Education Level: Middle
  • # of students: 1,139
  • # of teachers: 73
4
GreatSchools Rating

Stevens High School

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

$139,500$170,500$155,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$572
Property Tax -$346
Property Insurance -$109
Property Management Fees -$99
CASH FLOW
$224

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.

$155,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.87%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$46,825

INVESTMENT

$46,825

Down Payment
$38,750
Rehab Estimate
$5,750
Closing Costs
$2,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$572

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $38,750
Loan Amount $116,250
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$23,177

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,348

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,235
1$1,2352$1,3503$1,4254$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 10307 Old Farm Rd San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.95
    •  
  • 1303 Tideland St San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1977
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,235
    • $0.91
    •  
  • 9614 Gold Dust Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1974
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.93
    •  
  • 10443 Pine Glade San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1994
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.95
    •  
  • 10434 Louisburg Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1981
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.99
    •  
PROPERTY LISTING DETAILS
Kyle Hendricks
1.210.344.3463
Hendricks Property Management
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492816
Last Updated: 11/02/2020
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