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11026 Geneva Sound San Antonio, TX 78254

6 Beds 3 Baths 2,622 sqft Built 2006

INVESTimate

$225,000

List Price

$1,660

$1,494 - $1,826

Rent Est.

$233,775  ( +3.90%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $85.81
  • 8 Days on Market
  • MLS # : 1477960
  • Updated Date : 08/24/2020 at 13:58
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,622 sqft
  • Baths : 3 full
Listing Agent

Re/max Corridor

Listing Agent's Description

If this home could talk: I have been a great home for my current family. I boast six bedrooms and three full baths. Five of the bedrooms are upstairs, including the master bedroom, but for those who find stairs challenging, there is one bedroom located on the first floor right next to a full bath. The three separate living areas provide space and comfort. The dining area is open and situated near the kitchen. My currently family had great plans for the backyard. They laid a patio the full length of the home and set the foundation for a gazebo. They also installed solar panels and energy efficient window screens to help with the electricity bill. You won't believe what they pay! Why are we parting ways? Well my current family has out grown me and they would love for me to provide the same care, shelter and comfort to the next family who is needs all this space!

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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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,494$1,826$1,660

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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 $1,660
EXPENSES Loan Payment -$830
Property Tax -$502
Property Insurance -$178
HOA -$15
Property Management Fees -$99
CASH FLOW
$35

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.

$225,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.74%

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$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,027

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,849

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,660
1$1,6602$1,7503$1,7954$1,8955$1,995
$1,995
RENT COMPS ANALYSIS
  • 11026 Geneva Sound San Antonio, 1
    • 6 beds 3 baths ∙ 2,622 Sqft ∙ Built 2006 6 beds 3 baths ∙ 2,622 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.63
    •  
  • 9611 Country Shadow San Antonio, 2
    • 5 beds 4 baths ∙ 2,439 Sqft ∙ Built 2004 5 beds 4 baths ∙ 2,439 Sqft ∙ Built 2004
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.72
    •  
  • 11018 Geneva Sound San Antonio, 3
    • 5 beds 3 baths ∙ 2,622 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,622 Sqft ∙ Built 2006
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.68
    •  
  • 11212 Dublin Circle San Antonio, 4
    • 5 beds 3 baths ∙ 2,654 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,654 Sqft ∙ Built 2007
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.71
    •  
  • 9122 Quihi Way San Antonio, 5
    • 5 beds 3 baths ∙ 2,793 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,793 Sqft ∙ Built 2013
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.71
    •  
PROPERTY LISTING DETAILS
Yvonne Moreno-kidd
1.210.643.7288
Re/max Corridor
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1477960
Last Updated: 08/24/2020
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