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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
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
-
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
1.210.884.4885
Key Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1509809
Last Updated: 02/13/2021
