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11267 Magic Cyn San Antonio, TX 78252

3 Beds 3 Baths 1,569 sqft Built 2009

$185,000

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

December 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $117.91
  • 7 Days on Market
  • MLS # : 1499701
  • Updated Date : 12/20/2020 at 01:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,569 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Legacy

Listing Agent's Description

OMG...This is the one!! This perfect starter home stands out in the crowd. This three bedroom 2 1/2 bath beauty has all the bedrooms upstairs, including the laundry room, so there is no carrying laundry up and downstairs. It also has a beautiful size backyard with a Deck, and Privacy Fencing. The Neighborhood also includes a Park that's minutes from the home; perfect for dog walking, exercising, or getting those Kids away from the XBOX. This home is close to Lackland AFB, Sea World, Hwy 90, 1604, so you'll be able to get anywhere in the city in no time. This home is a must-see. Call your agent and schedule a showing before its too late!!

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: Southwest San Antonio

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Southwest San Antonio

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
Southwest Elementary School Primary Regular 725 45 7
Ronald E. Mcnair Middle School Middle Regular 1,164 70 4
Southwest High School High Regular 3,545 195 3

Southwest Elementary School

  • Education Level: Primary
  • # of students: 725
  • # of teachers: 45
7
GreatSchools Rating

Ronald E. Mcnair Middle School

  • Education Level: Middle
  • # of students: 1,164
  • # of teachers: 70
4
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$683
Property Tax -$413
Property Insurance -$118
HOA -$22
Property Management Fees -$99
CASH FLOW
-$74

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.

$185,000

PROJECTED PRICE

$1,260

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 2.0%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,591

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,259

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,199
1$1,1992$1,2603$1,2754$1,3005$1,349
$1,349
RENT COMPS ANALYSIS
  • 11267 Magic Cyn San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,569 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,569 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.80
    •  
  • 11247 Country Canyon San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,553 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,553 Sqft ∙ Built 2007
    property image
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.77
    •  
  • 5722 Wildcat Cyn San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,569 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,569 Sqft ∙ Built 2008
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.81
    •  
  • 5714 Wildcat Cyn San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,553 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,553 Sqft ∙ Built 2008
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.84
    •  
  • 11258 Pecan Cyn San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2009
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.79
    •  
PROPERTY LISTING DETAILS
Jacob Delgado
1.210.386.1525
Keller Williams Legacy
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1499701
Last Updated: 12/20/2020
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