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INVESTimate
$218,000
List Price
$63,520
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $93.72
- 2 Days on Market
- MLS # : 1479248
- Updated Date : 08/26/2020 at 02:52
CONSTRUCTION
- Beds : 3
- Floor Size : 2,326 sqft
- Baths : 2 full , 1 half
Listing Agent
San Antonio's Finest Realty
Listing Agent's Description
Come see this spacious 2-story home, with three bedrooms, 2.5 bath in Bridgewood Ranch. Excellent location close to Sea World, Lackland, Alamo Ranch shopping and tons of amazing destinations for dining out. All bedrooms are upstairs with spacious walk-in closets. The second floor also includes a game room and laundry room. The downstairs is designed with an open floor plan which connects the kitchen, dining room and living room making it ideal for entertaining. Walking distance to spectacular neighborhood park and pool area.
SEE MORE
- 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: Bridgewood Homeowners Association
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bridgewood Homeowners Association
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,440 |
EXPENSES | Loan Payment | -$804 |
Property Tax | -$487 | |
Property Insurance | -$161 | |
HOA | -$25 | |
Property Management Fees | -$99 | |
CASH FLOW
-$136
|
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.
$218,000
PROJECTED PRICE
$1,440
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.41% |
Appreciation Year (1-5) | 5.75% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 9.02% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$63,520
LOAN DETAILS
$804
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $54,500 |
Loan Amount | $163,500 |
0.67
YEARS SAVED
$904
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,440
LIST RENT -
$0.62
LIST RENT PER SQFT
-
$1,576
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.210.216.6198
San Antonio's Finest Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1479248
Last Updated: 08/26/2020