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10502 Castello Canyon Helotes, TX 78254

4 Beds 3 Baths 2,586 sqft Built 2017

$279,999

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $108.27
  • 5 Days on Market
  • MLS # : 1514566
  • Updated Date : 03/17/2021 at 06:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,586 sqft
  • Baths : 3 full
Listing Agent

Texas Real Estate Firm

Listing Agent's Description

This EXTREMELY well kept "JUST LIKE NEW" beautiful home awaits your family. This Centex Messilla model could be your new home! Open floor plan with an amazing kitchen complete with island, expansive countertops and enough cabinet space for everything! Reverse osmosis water system. Granite countertops and 42" cabinets. Oversized living area downstairs. Large LOFT upstairs for gamers/homeschool/media room or whatever you decide. Schools in walking distance, back covered patio with ceiling fan for entertaining. TWO living areas, spacious loft, home office w/french doors (first floor), private guest suite downstairs and more. ALL rooms have remote controlled ceiling fans, Moen faucets through out. Master on 2nd floor with trey ceiling walk-in shower and huge walk-in closet. Tons of storage. WATER SOFTENER & REFRIGERATOR CONVEY. This one won't last long!

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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
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
 

$251,999$307,999$279,999

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$973
Property Tax -$576
Property Insurance -$176
HOA -$17
Property Management Fees -$99
CASH FLOW
$89

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.

$279,999

PROJECTED PRICE

$1,930

PROJECTED RENT

0.69%

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$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $209,999
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$11,881

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,797

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7003$1,7254$1,7855$1,930
$1,930
RENT COMPS ANALYSIS
  • 10502 Castello Canyon Helotes, TX 5
    • 4 beds 3 baths ∙ 2,586 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,586 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.75
    •  
  • 11927 Nixon Pt San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2009
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.67
    •  
  • 10103 Reyes Heights Helotes, TX 2
    • 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 2016
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.65
    •  
  • 11837 Silver Chase San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,394 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,394 Sqft ∙ Built 2017
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.72
    •  
  • 10442 Castello Cyn San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2017
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.74
    •  
PROPERTY LISTING DETAILS
Deveda Rouche
1.912.306.7614
Texas Real Estate Firm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1514566
Last Updated: 03/17/2021
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