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11207 Charismatic San Antonio, TX 78245

3 Beds 2 Baths 1,952 sqft Built 2017

$263,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $134.73
  • 5 Days on Market
  • MLS # : 1507671
  • Updated Date : 02/05/2021 at 04:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,952 sqft
  • Baths : 2 full
Listing Agent

Key Realty

Listing Agent's Description

Beautifully upgraded 3/2 one story home on the GREENBELT in Champions Park. MERITAGE built Certified Energy Efficient for healthy living! Gently lived in 3 years, shows like a model home. High end vinyl plank flooring, abundant windows all covered in 2" blinds. Large family room, open concept. Formal Dining Room. Gourmet kitchen with enormous granite island and convenient pocket office. Luxury Master boasts Bay Windows, separate garden tub/shower, dual vanity & walk in closet. Owned soft water system, RO & Vivint Security System, keyless entry. Extended Covered Patio, Full Sprinkler System. Enjoy Apple & Crepe Myrtle trees in the backyard with a view of jogging trails. Walking distance to Pool. Easy access to Hwy 1604, 151, 90, SeaWorld, Lackland AFB, Hill Country Resort Golf & Shopping.

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*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

* 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
Potranco Elementary School Primary Regular 807 44 8
Medina Valley Middle School Middle Regular 976 58 5
Medina Valley High School High Regular 1,159 67 6

Potranco Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 44
8
GreatSchools Rating

Medina Valley Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 58
5
GreatSchools Rating

Medina Valley High School

  • Education Level: High
  • # of students: 1,159
  • # of teachers: 67
6
GreatSchools Rating
 

$236,700$289,300$263,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$914
Property Tax -$587
Property Insurance -$140
HOA -$30
Property Management Fees -$99
CASH FLOW
-$189

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.

$263,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.60%

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$600k$700k

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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,445

INVESTMENT

$75,445

Down Payment
$65,750
Rehab Estimate
$5,750
Closing Costs
$3,945

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$914

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,750
Loan Amount $197,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$436

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,586

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5803$1,5954$1,6455$1,650
$1,650
RENT COMPS ANALYSIS
  • 11207 Charismatic San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.81
    •  
  • 2947 Just My Style San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 2013
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.84
    •  
  • 11420 Unbridled San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2017
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.76
    •  
  • 11010 Funny Cide San Antonio, TX 4
    • 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2008
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.78
    •  
  • 3137 Night Flight San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 2015
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
PROPERTY LISTING DETAILS
Mary Corcoran
1.210.724.5842
Key Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1507671
Last Updated: 02/05/2021
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