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10524 Ancient Anchor San Antonio, TX 78245

5 Beds 3 Baths 2,350 sqft Built 2007

$250,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $106.38
  • 2 Days on Market
  • MLS # : 1512766
  • Updated Date : 03/06/2021 at 19:27
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,350 sqft
  • Baths : 2 full , 1 half
Listing Agent

Opendoor Brokerage Llc

Listing Agent's Description

This San Antonio two-story cul-de-sac home offers a patio, and a two-car garage.

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*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

* 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
Fisher Elementary School Primary Regular 866 58 6
Rayburn Middle School Middle Regular 978 73 4
John Jay High School High Regular 2,929 182 3

Fisher Elementary School

  • Education Level: Primary
  • # of students: 866
  • # of teachers: 58
6
GreatSchools Rating

Rayburn Middle School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 73
4
GreatSchools Rating

John Jay High School

  • Education Level: High
  • # of students: 2,929
  • # of teachers: 182
3
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$868
Property Tax -$558
Property Insurance -$163
HOA -$30
Property Management Fees -$99
CASH FLOW
-$128

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.

$250,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.64%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,117

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,663

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5903$1,6504$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 10524 Ancient Anchor San Antonio, TX 2
    • 5 beds 3 baths ∙ 2,350 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,350 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.68
    •  
  • 9946 Balboa Island San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,238 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,238 Sqft ∙ Built 2014
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.67
    •  
  • 10235 Villa Del Lago San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2014
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.71
    •  
  • 3523 York Crest San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2013
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.70
    •  
  • 3307 Barrel Pass San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2015
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.75
    •  
PROPERTY LISTING DETAILS
Feras Rachid
1.214.378.3667
Opendoor Brokerage Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1512766
Last Updated: 03/06/2021
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