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1127 Coral Bay San Antonio, TX 78251

4 Beds 3 Baths 2,796 sqft Built 2001

$240,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $85.84
  • 2 Days on Market
  • MLS # : 1492772
  • Updated Date : 11/02/2020 at 20:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,796 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Beautiful 2 story with 4 bdrms, 2.5 baths and 2 car garage. The home has lots of natural light throughout. Large eat-in kitchen with island, generous counter & cabinet space, stainless appliances and separate dining room. All bedrooms are up. Large masterbedroom, master bath has bouble vanity, separate shower/garden tub and large closet. Covered patio out back with nice mature trees. This home is move-in ready.

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: Sierra Springs

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $86k213k

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

Neighborhood: Sierra Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7891472

* 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
Lewis Elementary School Primary Regular 794 51 6
Vale Middle School Middle Regular 1,349 78 5
Stevens High School High Regular 2,866 172 4

Lewis Elementary School

  • Education Level: Primary
  • # of students: 794
  • # of teachers: 51
6
GreatSchools Rating

Vale Middle School

  • Education Level: Middle
  • # of students: 1,349
  • # of teachers: 78
5
GreatSchools Rating

Stevens High School

  • Education Level: High
  • # of students: 2,866
  • # of teachers: 172
4
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$886
Property Tax -$536
Property Insurance -$188
HOA -$14
Property Management Fees -$99
CASH FLOW
-$112

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.

$240,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 4.4%
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-$6.0k-$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$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$886

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,809

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $1,629

    COMP ESTIMATED VALUE
  • $0.58

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6103$1,6504$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 1127 Coral Bay San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.58
    •  
  • 1119 Rattler Gap San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,796 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,796 Sqft ∙ Built 2002
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.55
    •  
  • 10614 Lion Path San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,796 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,796 Sqft ∙ Built 1998
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.59
    •  
  • 10023 Moffitt Dr San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,802 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,802 Sqft ∙ Built 2004
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.59
    •  
  • 935 Magnolia Summit San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 2006
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.60
    •  
PROPERTY LISTING DETAILS
Dayton Schrader
1.210.729.6099
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492772
Last Updated: 11/02/2020
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