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10903 Gallop Falls San Antonio, TX 78254

3 Beds 2 Baths 1,353 sqft Built 2007

$200,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $147.82
  • 2 Days on Market
  • MLS # : 1497172
  • Updated Date : 11/28/2020 at 16:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,353 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Come checkout this beautiful 3 bedroom home located In the highly desired NW side of town! The front patio is perfect for lounging and enjoying the great outdoors. The interior of the home offers wood flooring throughout the main living areas as well as a modern white tile in the bedrooms and kitchen. The large backyard sits on a greenbelt with great privacy which is perfect for enjoying the covered back patio. This home is minutes away from La Cantera, Alamo Ranch, UTSA, and any restaurant you can think of! Quick Access to Hwy 1604/I-10. Priced to sell so don't miss out!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Field Elementary School Primary Regular NA
Jefferson Middle School Middle Regular 1,451 79 7
Harlan High School High Regular NA

Field Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Jefferson Middle School

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

Harlan High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$738
Property Tax -$446
Property Insurance -$105
HOA -$19
Property Management Fees -$99
CASH FLOW
-$137

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.

$200,000

PROJECTED PRICE

$1,270

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

PROJECTED ANNUAL CASH FLOW

11530-$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$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$780

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,272

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,225
1$1,2252$1,2703$1,3004$1,3005$1,425
$1,425
RENT COMPS ANALYSIS
  • 10903 Gallop Falls San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,353 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,353 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.94
    •  
  • 10718 Shaenview San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 2004
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.94
    •  
  • 9130 Mare Trace San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,393 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,393 Sqft ∙ Built 2008
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
  • 11211 Dublin Ledge San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 2005
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.96
    •  
  • 8911 Gallop Leap San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,530 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,530 Sqft ∙ Built 2006
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.93
    •  
PROPERTY LISTING DETAILS
Mitchell Gonzalez
1.210.449.6557
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1497172
Last Updated: 11/28/2020
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