Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10342 Old Farm Rd San Antonio, TX 78245

3 Beds 2 Baths 1,426 sqft Built 1978

$220,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $154.28
  • 7 Days on Market
  • MLS # : 1544013
  • Updated Date : 07/13/2021 at 18:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,426 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Heritage

Listing Agent's Description

Beautiful 3 bedroom, 2 bath home in Heritage Farms neighborhood! Spacious living area with fireplace and large windows overlooking huge back yard with large patio space - great for entertaining! Spacious master suite includes double vanity and walk in closet. Incredibly maintained with true pride of ownership. Easy access to highways, shopping and entertainment. This beautiful home is a must see!

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
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$764
Property Tax -$491
Property Insurance -$109
Property Management Fees -$99
CASH FLOW
-$104

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.

$220,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.62%

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$700k

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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,151

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,358

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3603$1,4254$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 10342 Old Farm Rd San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.95
    •  
  • 1226 Bay Horse Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1975
    property image
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $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 06/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.98
    •  
  • 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
Tadd Chapman
1.210.920.0447
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1544013
Last Updated: 07/13/2021
BESbswy