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10502 Marengo Ln 
San Antonio, TX
78254
5 Beds 4 Baths 2,467 sqft
Built 2003
INVESTimate
$260,000
List Price
$74,650
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PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $105.39
- 2 Days on Market
- MLS # : 1479294
- Updated Date : 08/26/2020 at 02:50
CONSTRUCTION
- Beds : 5
- Floor Size : 2,467 sqft
- Baths : 3 full , 1 half
Listing Agent
Bhhs Don Johnson, Realtors
Listing Agent's Description
Beautiful well-kept home, 5 Bedrooms (Master downstairs), 3.5 Bathrooms. Game room & 4 bedrooms upstairs. Great amenities, 2 neighborhood swimming pools, dog park, 2 playgrounds, walking/jogging trail, greenbelt, walking distance to elementary school & amenities center. Large rooms, extra closets, laundry room comes with front-loading washer & dryer. Kitchen comes with stove, refrigerator, microwave, dishwasher, Custom Birch Cabinets Painted, Custom Island with Storage Drawers, Custom Base Cabinets with Spice Rack Pull-out, Utensil Storage Pull-out, Hidden Trash Pull-out, and Custom Granite Countertops. Covered front porch, nice shade trees, great backyard, covered outdoor back patio. Long list of upgrades is available.
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: West San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$580 | |
| Property Insurance | -$169 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$83
|
||
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.
$260,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.41% |
| Appreciation Year (1-5) | 3.90% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.02% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$74,650
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
1.58
YEARS SAVED
$3,190
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,801
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
10502 Marengo Ln San Antonio, 3
- 5 beds 4 baths ∙ 2,467 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,467 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,750
- $0.71
-
10807 Canter Spur San Antonio, 1
- 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 2012
LEASED 01/08/20- Rent
- Rent Per SQFT
- $1,700
- $0.71
-
9611 Country Shadow San Antonio, 2
- 5 beds 4 baths ∙ 2,439 Sqft ∙ Built 2004 5 beds 4 baths ∙ 2,439 Sqft ∙ Built 2004
LEASED 03/06/20- Rent
- Rent Per SQFT
- $1,750
- $0.72
-
9820 Cactus Valley San Antonio, 4
- 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2005
LEASED 03/22/20- Rent
- Rent Per SQFT
- $1,850
- $0.73
-
8923 Dusty Run Ln San Antonio, 5
- 4 beds 4 baths ∙ 2,597 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,597 Sqft ∙ Built 2014
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,975
- $0.76
PROPERTY LISTING DETAILS
1.210.350.8635
Bhhs Don Johnson, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1479294
Last Updated: 08/26/2020
