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10583 Pablo Way San Antonio, TX 78109

4 Beds 3 Baths 2,626 sqft Built 2019

$300,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $114.24
  • 2 Days on Market
  • MLS # : 1509809
  • Updated Date : 02/13/2021 at 19:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,626 sqft
  • Baths : 2 full , 1 half
Listing Agent

Key Realty

Listing Agent's Description

New community of Paloma. This beautiful home was built in 2019 with 4 bedrooms -MASTER DOWNSTAIRS- 3 bedroom upstairs, 2.5 bathrooms and 2 car garage. Floor plan has an X-Large game room upstairs with an open floor plan in the center of the home leading to the living area, large kitchen and dining. The home has plenty of space to relax as well as entertain. The front room can be used as an office, or more space to spend with guests. This home has granite countertops, vinyl flooring in the entry, living room, kitchen, laundry and dinning areas, his and hers vanity in the masterbath, large garden tub, spacious backyard, New water softener that was put in Oct 2019. Refrigerator conveys with home along with vivant home security system. Conveniently located by Randolph AFB, SAMMC, and Lackland. THIS BEAUTY WILL NOT LAST LONG!!

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: East San Antonio

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: East San Antonio

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
John Glenn Elementary School Primary Regular 615 37 4
Heritage Middle School Middle Regular 1,150 64 2
East Central High School High Regular 2,943 146 3

John Glenn Elementary School

  • Education Level: Primary
  • # of students: 615
  • # of teachers: 37
4
GreatSchools Rating

Heritage Middle School

  • Education Level: Middle
  • # of students: 1,150
  • # of teachers: 64
2
GreatSchools Rating

East Central High School

  • Education Level: High
  • # of students: 2,943
  • # of teachers: 146
3
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,042
Property Tax -$670
Property Insurance -$179
HOA -$14
Property Management Fees -$99
CASH FLOW
-$103

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.

$300,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.2%
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$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,090

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,088

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9003$1,9004$2,1955$2,350
$2,350
RENT COMPS ANALYSIS
  • 10583 Pablo Way San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.72
    •  
  • 6219 Campfire Cove Converse, TX 1
    • 5 beds 3 baths ∙ 2,426 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,426 Sqft ∙ Built 2017
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
  • 10419 Barbeque Bay San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2018
    LEASED 11/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
  • 6908 Hallie Heights Schertz, TX 4
    • 4 beds 3 baths ∙ 2,808 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,808 Sqft ∙ Built 2012
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.78
    •  
  • 10309 Ivy Jade Schertz, TX 5
    • 4 beds 3 baths ∙ 2,801 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,801 Sqft ∙ Built 2014
    LEASED 08/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.84
    •  
PROPERTY LISTING DETAILS
Michelle Macom
1.210.884.4885
Key Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1509809
Last Updated: 02/13/2021
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