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1122 Rattler Gap San Antonio, TX 78251

4 Beds 3 Baths 2,796 sqft Built 2002

$249,125

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $89.10
  • 3 Days on Market
  • MLS # : 1507057
  • Updated Date : 01/30/2021 at 02:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,796 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

This Beautiful 4 bedroom, 2.5 bathrooms has a Great backyard, WITH BEAUTIFUL ART NICHE. SOLAR SCREENS, ALARM SYSTEM, WOOD BANISTER STAIRWAY, CEILING FANS IN ALL BEDROOMS AND LIVING AREAS! And a covered Patio. This beauty is almost 2800 sqft with privacy trees that will make your heart melt!! *** All the toilets in the home have been replaced with new ones. comes with a water softener, new carpet was installed, the interior was freshly painted, hardware and light fixtures were updated, and stainless steel appliances. The HVAC, water heater, and roof were also replaced in 2018. Let us talk about location, Who doesn't Like a location where everything is convenient? This beautiful neighborhood has a swimming pool and elementary schools that are within walking distance. Closer to schools, shopping centers, Lackland AFB, Sea World, and Hwy 151 and loop 1604.

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: Sierra Springs

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $86k213k

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

Neighborhood: Sierra Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7891472

* 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
Lewis Elementary School Primary Regular 794 51 6
Vale Middle School Middle Regular 1,349 78 5
Stevens High School High Regular 2,866 172 4

Lewis Elementary School

  • Education Level: Primary
  • # of students: 794
  • # of teachers: 51
6
GreatSchools Rating

Vale Middle School

  • Education Level: Middle
  • # of students: 1,349
  • # of teachers: 78
5
GreatSchools Rating

Stevens High School

  • Education Level: High
  • # of students: 2,866
  • # of teachers: 172
4
GreatSchools Rating
 

$224,213$274,038$249,125

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$865
Property Tax -$556
Property Insurance -$188
HOA -$50
Property Management Fees -$99
CASH FLOW
-$109

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.

$249,125

PROJECTED PRICE

$1,650

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 4.4%
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$71,768

INVESTMENT

$71,768

Down Payment
$62,281
Rehab Estimate
$5,750
Closing Costs
$3,737

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$865

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,281
Loan Amount $186,844
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,339

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • $1,636

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,6504$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 1122 Rattler Gap San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.59
    •  
  • 1119 Rattler Gap San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,796 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,796 Sqft ∙ Built 2002
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.55
    •  
  • 10614 Lion Path San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,796 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,796 Sqft ∙ Built 1998
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.59
    •  
  • 935 Magnolia Summit San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 2006
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.60
    •  
  • 10023 Moffitt Dr San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,802 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,802 Sqft ∙ Built 2004
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.60
    •  
PROPERTY LISTING DETAILS
Odetta Davis
1.210.388.9976
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1507057
Last Updated: 01/30/2021
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