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10614 Axis Xing San Antonio, TX 78245

3 Beds 2 Baths 1,508 sqft Built 2007

$220,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $145.89
  • 3 Days on Market
  • MLS # : 1506850
  • Updated Date : 01/29/2021 at 16:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,508 sqft
  • Baths : 2 full
Listing Agent

A&g Property Services

Listing Agent's Description

Beautiful, Open Floor Plan with large spacious Kitchen that boast self-cleaning oven, Stainless steel appliances. Master bedroom has full bath, ceiling fan, and large walk-in closet. Master bath features a garden tub, separate shower, and double vanity. Crowned Molding, Rounded corners, Art niches and Energy certification round out this lovely home.

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: Trophy Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $86k262k

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

Neighborhood: Trophy Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451611

* 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
Forester Elementary School Primary Regular 1,001 62 8
Vale Middle School Middle Regular 1,349 78 5
Stevens High School High Regular 2,866 172 4

Forester Elementary School

  • Education Level: Primary
  • # of students: 1,001
  • # of teachers: 62
8
GreatSchools Rating

Vale Middle School

  • Education Level: Middle
  • # of students: 1,349
  • # of teachers: 78
5
GreatSchools Rating

Stevens High School

  • Education Level: High
  • # of students: 2,866
  • # of teachers: 172
4
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$764
Property Tax -$491
Property Insurance -$114
HOA -$42
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.

$220,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 0.3%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$482

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,372

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,3602$1,3953$1,3954$1,3995$1,550
$1,550
RENT COMPS ANALYSIS
  • 10614 Axis Xing San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.90
    •  
  • 10310 Royal Estate San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2010
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.96
    •  
  • 9602 Rainbow Creek San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 2007
    property image
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.88
    •  
  • 839 Antler Post San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 2005
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.89
    •  
  • 1318 Hawk Ct San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 2017
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
PROPERTY LISTING DETAILS
Gilbert Moses
1.210.325.4699
A&g Property Services
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1506850
Last Updated: 01/29/2021
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