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10402 Marengo Ln San Antonio, TX 78254

3 Beds 3 Baths 1,372 sqft Built 2003

$209,950

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $153.02
  • 2 Days on Market
  • MLS # : 1514066
  • Updated Date : 03/13/2021 at 16:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,372 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Heritage

Listing Agent's Description

Cute as a button 2 story gem in highly renowned Wildhorse subdivision. Lovely wood laminate flooring adorns first floor. Owners retreat boasts custom oversized walk-in shower! Huge backyard has lovely crepe myrtles and storage building. Other impressive upgrades include custom window treatments, ceiling fans galore. Appliances and HVAC system replaced last year. Huge corner lot!!!

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*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
Krueger Elementary School Primary Regular 1,071 64 9
Jefferson Middle School Middle Regular 1,451 79 7
O'connor High School High Regular 3,094 173 8

Krueger Elementary School

  • Education Level: Primary
  • # of students: 1,071
  • # of teachers: 64
9
GreatSchools Rating

Jefferson Middle School

  • Education Level: Middle
  • # of students: 1,451
  • # of teachers: 79
7
GreatSchools Rating

O'connor High School

  • Education Level: High
  • # of students: 3,094
  • # of teachers: 173
8
GreatSchools Rating
 

$188,955$230,945$209,950

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$729
Property Tax -$469
Property Insurance -$106
HOA -$25
Property Management Fees -$99
CASH FLOW
-$138

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.

$209,950

PROJECTED PRICE

$1,290

PROJECTED RENT

0.61%

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

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$61,387

INVESTMENT

$61,387

Down Payment
$52,488
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,488
Loan Amount $157,463
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$572

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,286

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,225
1$1,2252$1,2903$1,3004$1,3505$1,500
$1,500
RENT COMPS ANALYSIS
  • 10402 Marengo Ln San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,372 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,372 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.94
    •  
  • 10718 Shaenview San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 2004
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.94
    •  
  • 10423 Stallion Bay San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 2003
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.94
    •  
  • 10619 Shaenpath San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2004
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.91
    •  
  • 9623 Mustang Farm San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 2004
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
PROPERTY LISTING DETAILS
Pat King
1.210.771.3833
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1514066
Last Updated: 03/13/2021
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