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11239 Five Iron San Antonio, TX 78221

3 Beds 2 Baths 1,276 sqft Built 2011

$169,900

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $133.15
  • 3 Days on Market
  • MLS # : 1504355
  • Updated Date : 01/16/2021 at 02:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,276 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Stop searching!! This home is perfect for you!! Very well maintained, one story home. Starting with the new grass in the front yard for amazing curb appeal. Wood look tile through out including new tile in the secondary bedrooms. New carpet in the main bedroom. New stainless steel stove! Covered patio and large backyard, perfect for family barbecues!! This home is sitting on a premium lot and backs into a bird sanctuary, which means no back neighbors! Schedule your showing today!

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: Heritage South

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $61k204k

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

Neighborhood: Heritage South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Southside High School High Regular 1,432 104 3

Southside High School

  • Education Level: High
  • # of students: 1,432
  • # of teachers: 104
3
GreatSchools Rating
 

$152,910$186,890$169,900

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$590
Property Tax -$379
Property Insurance -$101
HOA -$27
Property Management Fees -$99
CASH FLOW
$34

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$169,900

PROJECTED PRICE

$1,230

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,774

INVESTMENT

$50,774

Down Payment
$42,475
Rehab Estimate
$5,750
Closing Costs
$2,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$590

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $42,475
Loan Amount $127,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$4,789

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,229

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,230
1$1,2302$1,3003$1,4504$1,595
$1,595
RENT COMPS ANALYSIS
  • 11239 Five Iron San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.96
    •  
  • 1107 Galapagos San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 2018
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.96
    •  
  • 11618 Pelican Cove San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2015
    property image
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
  • 12311 Course View Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2005
    property image
    LEASED 08/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.01
    •  
PROPERTY LISTING DETAILS
Priscilla Contreras
1.210.291.4002
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1504355
Last Updated: 01/16/2021
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