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10610 Fairlong Trail San Antonio, TX 78254

3 Beds 2 Baths 1,624 sqft Built 2004

$255,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $157.02
  • 4 Days on Market
  • MLS # : 1509509
  • Updated Date : 02/13/2021 at 18:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,624 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

Beautifully cared for & completely updated 1 story in Wildhorse! This home is a true gem & has been extremely well-maintained! The roof, HVAC, water heater and appliances are all newly replaced within the last 1-2 years! The seller has done an amazing job of upgrading this lovely 3 bed, 2 bath home and it will not disappoint! Immediately upon entry from the oversized front porch, you will be greeted by a huge, open floor plan, miles of luxury vinyl plank flooring throughout, updated baseboards, and updated light fixtures & hardware as well. The kitchen will amaze with it's gorgeous custom cabinets, butcher block counters, quartz island/breakfast bar & updated appliances. There is an oversized utility & pantry room just off the kitchen with stylish, updated tile & ample storage space. The large dining room will accommodate a multitude of guests and looks out onto the covered patio & huge deck area which is just perfect for entertaining & relaxing. You will also appreciate the abundance of trees that have been planted for added privacy in the back. The bedrooms are very nicely sized and the master bedroom boasts an enormous, walk-in closet and lovely ensuite bath with double vanity, separate shower and garden tub. The guest bath was also very impressively updated with modern & stylish finishes, including new fixtures, lighting & vanity. Wonderful neighborhood amenities, including pool, park & playground! Fantastic location with easy access to 1604 and plenty of shopping & restaurants!

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: 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
Krueger Elementary School Primary Regular 1,071 64 9
Jefferson Middle School Middle Regular 1,451 79 7
O'connor High School High Regular 3,094 173 8

Krueger Elementary School

  • Education Level: Primary
  • # of students: 1,071
  • # of teachers: 64
9
GreatSchools Rating

Jefferson Middle School

  • Education Level: Middle
  • # of students: 1,451
  • # of teachers: 79
7
GreatSchools Rating

O'connor High School

  • Education Level: High
  • # of students: 3,094
  • # of teachers: 173
8
GreatSchools Rating
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$886
Property Tax -$569
Property Insurance -$121
HOA -$25
Property Management Fees -$99
CASH FLOW
-$150

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.

$255,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.61%

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

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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$907

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,543

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5503$1,5504$1,5755$1,600
$1,600
RENT COMPS ANALYSIS
  • 10610 Fairlong Trail San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
  • 10011 Wildhorse Pkwy San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2003
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 10418 Stallion Bay San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2004
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.96
    •  
  • 9822 Dawn Trail San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2004
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.95
    •  
  • 10703 Arabian Sands San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2005
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
PROPERTY LISTING DETAILS
Susan Brand
1.210.483.6343
Coldwell Banker D'ann Harper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1509509
Last Updated: 02/13/2021
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