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11011 Colt Chase San Antonio, TX 78254

3 Beds 2 Baths 1,805 sqft Built 2006

INVESTimate

$227,900

List Price

$1,460

$1,314 - $1,606

Rent Est.

$236,788  ( +3.90%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $126.26
  • 3 Days on Market
  • MLS # : 1478982
  • Updated Date : 08/24/2020 at 18:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,805 sqft
  • Baths : 2 full
Listing Agent

New Home Conexion Realty

Listing Agent's Description

Large One-story home in Wildhorse Vista. Located on cul-de-sac with no homes behind. Easy flow to this bright & open floor plan. Kitchen opens to living & dining. Upgraded appliances and new flooring in kitchen. Large family room with cozy fireplace. Split large master with room attached that could be used for nursery, office, hobby or sitting area. Has closet, so could also be considered 4th bedroom. Garden tub with separate shower in master bath and huge, 13 x 6, walk-in closet. House has new Roof installed August 2020. Wont last!!

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
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
 

$205,110$250,690$227,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$841
Property Tax -$509
Property Insurance -$131
HOA -$18
Property Management Fees -$99
CASH FLOW
-$138

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.

$227,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.90%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,144

INVESTMENT

$66,144

Down Payment
$56,975
Rehab Estimate
$5,750
Closing Costs
$3,419

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,975
Loan Amount $170,925
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,215

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,462

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4503$1,4604$1,4855$1,495
$1,495
RENT COMPS ANALYSIS
  • 11011 Colt Chase San Antonio, 3
    • 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.81
    •  
  • 11020 Dublin Briar San Antonio, 1
    • 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 2005
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.80
    •  
  • 10926 Colt Chase San Antonio, 2
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2006
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.77
    •  
  • 10814 Gallop Falls San Antonio, 4
    • 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2007
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.84
    •  
  • 8914 Gallop Leap San Antonio, 5
    • 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 2007
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.83
    •  
PROPERTY LISTING DETAILS
Louis Espinar
1.210.396.1536
New Home Conexion Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478982
Last Updated: 08/24/2020
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