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11023 Valley Star Dr San Antonio, TX 78224

3 Beds 2 Baths 1,200 sqft Built 1970

$149,500

List Price

$1,160

$1K - $1.3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $124.58
  • 2 Days on Market
  • MLS # : 1495168
  • Updated Date : 11/14/2020 at 18:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,200 sqft
  • Baths : 2 full
Listing Agent

Premier Realty Group

Listing Agent's Description

Beautifully impressive renovated home that backs up to a nice park in a quiet neighborhood. Home features grantie counter tops in kitchen. Large walk-n-pantry, study, all new fixtures through out the home. New Central heating and A/C. New composition roof. Come by and take a look at this great buy!.

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: South Southwest Neighborhood Association

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $63k204k

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

Neighborhood: South Southwest Neighborhood Association

NeighborhoodNIR Market*CityMarket2010Year20002019 Q260070080090010001100120013001400Rent in $5561456

* 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
New Elementary School Primary Unknown NA
Resnik Middle School Middle Regular NA
Southwest High School High Regular 3,545 195 3

New Elementary School

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

Resnik Middle School

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

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$134,550$164,450$149,500

PURCHASE PRICE

$1,044$1,276$1,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,160
EXPENSES Loan Payment -$552
Property Tax -$334
Property Insurance -$96
Property Management Fees -$99
CASH FLOW
$79

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.

$149,500

PROJECTED PRICE

$1,160

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,368

INVESTMENT

$45,368

Down Payment
$37,375
Rehab Estimate
$5,750
Closing Costs
$2,243

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$552

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $37,375
Loan Amount $112,125
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$9,356

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,160

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,272

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$945
1$9452$1,1003$1,1604$1,175
$1,175
RENT COMPS ANALYSIS
  • 11023 Valley Star Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,160
    • $0.97
    •  
  • 2114 Bane St San Antonio, TX 1
    • 3 beds 3 baths ∙ 969 Sqft ∙ Built 1970 3 beds 3 baths ∙ 969 Sqft ∙ Built 1970
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $945
    • $0.98
    •  
  • 1934 Cassandra St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,102 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,102 Sqft ∙ Built 1975
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.00
    •  
  • 3230 Twining Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 977 Sqft ∙ Built 1973 3 beds 2 baths ∙ 977 Sqft ∙ Built 1973
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $1.20
    •  
PROPERTY LISTING DETAILS
Betty Dovalina
1.210.831.4794
Premier Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1495168
Last Updated: 11/14/2020
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