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11230 Prairie Springs Dr San Antonio, TX 78249

3 Beds 2 Baths 1,228 sqft Built 1981

$195,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $158.79
  • 2 Days on Market
  • MLS # : 1514083
  • Updated Date : 03/13/2021 at 19:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,228 sqft
  • Baths : 2 full
Listing Agent

John Chunn Realty, Llc

Listing Agent's Description

This charming move in ready home could be yours. It is a lovely 3 bedroom 2 bath that has been recently updated with beautiful new flooring throughout, new cabinets in the kitchen and bath and fresh paint throughout. The home features brand new appliances and a new water heater. The roof was recently replaced in 2017. One of the highlights of this property is the huge backyard with a gorgeous climbing tree. This home is located on a cul de sac near UTSA and is close to shopping, restaurants and leon creek greenway. Come check it out before it's gone!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Oxbow

NeighborhoodNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $77k205k

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

Neighborhood: Oxbow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400Rent in $7221472

* 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
Carnahan Elementary School Primary Regular 663 43 5
Stinson Middle School Middle Regular 1,115 72 6
Brandeis High School High Regular 2,593 149 8

Carnahan Elementary School

  • Education Level: Primary
  • # of students: 663
  • # of teachers: 43
5
GreatSchools Rating

Stinson Middle School

  • Education Level: Middle
  • # of students: 1,115
  • # of teachers: 72
6
GreatSchools Rating

Brandeis High School

  • Education Level: High
  • # of students: 2,593
  • # of teachers: 149
8
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$677
Property Tax -$435
Property Insurance -$98
Property Management Fees -$99
CASH FLOW
-$20

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.

$195,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 8.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$677

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$3,676

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,200

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,2953$1,3004$1,3505$1,500
$1,500
RENT COMPS ANALYSIS
  • 11230 Prairie Springs Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,228 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,228 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $1.05
    •  
  • 11219 Spring Mint Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1982
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.91
    •  
  • 6706 Spring Hurst St San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1972
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.99
    •  
  • 7603 Dyewood San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 1987
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.95
    •  
  • 7210 Spring Morning St San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1978
    property image
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Denalyn Allen
1.817.253.9244
John Chunn Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1514083
Last Updated: 03/13/2021
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