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1123 Birch Hill San Antonio, TX 78232

4 Beds 3 Baths 2,747 sqft Built 1975

$309,900

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $112.81
  • 81 Days on Market
  • MLS # : 1475022
  • Updated Date : 11/13/2020 at 23:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,747 sqft
  • Baths : 2 full , 1 half
Listing Agent

John Chunn Realty, Llc

Listing Agent's Description

Hidden Gem in Hidden Forest! Gracious floor-plan with large bedrooms, wood burning fireplace and walkout balcony. Features include: Secondary living space upstairs, plenty of storage throughout, and master bedroom downstairs. The potential outdoor living this property has to offer is grand and a spacious. Saltillo tile, new granite countertops, new roof, new balcony railing... come visit soon!

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: Hidden Forest

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $86k307k

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

Neighborhood: Hidden Forest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8451917

* 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
Hidden Forest Elementary School Primary Regular 550 34 9
Bradley Middle School Middle Regular 1,169 66 8
Churchill High School High Regular 2,981 169 7

Hidden Forest Elementary School

  • Education Level: Primary
  • # of students: 550
  • # of teachers: 34
9
GreatSchools Rating

Bradley Middle School

  • Education Level: Middle
  • # of students: 1,169
  • # of teachers: 66
8
GreatSchools Rating

Churchill High School

  • Education Level: High
  • # of students: 2,981
  • # of teachers: 169
7
GreatSchools Rating
 

$278,910$340,890$309,900

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,143
Property Tax -$692
Property Insurance -$186
HOA -$31
Property Management Fees -$99
CASH FLOW
$99

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.

$309,900

PROJECTED PRICE

$2,250

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 9.32%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$13,020

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,575

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,4953$2,5004$2,5005$2,695
$2,695
RENT COMPS ANALYSIS
  • 1123 Birch Hill San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,747 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,747 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.82
    •  
  • 506 Chardonnet San Antonio, TX 2
    • 3 beds 4 baths ∙ 2,751 Sqft ∙ Built 1991 3 beds 4 baths ∙ 2,751 Sqft ∙ Built 1991
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.91
    •  
  • 16111 Santa Cathrena San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1987
    LEASED 04/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.91
    •  
  • 15331 Antler Creek Dr San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1993
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.95
    •  
  • 16906 Hidden Oak Woods San Antonio, TX 5
    • 4 beds 4 baths ∙ 2,752 Sqft ∙ Built 1990 4 beds 4 baths ∙ 2,752 Sqft ∙ Built 1990
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.98
    •  
PROPERTY LISTING DETAILS
Lindsay Chunn
1.210.823.6910
John Chunn Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1475022
Last Updated: 11/13/2020
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