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113 Sligo St San Antonio, TX 78223

3 Beds 2 Baths 1,140 sqft Built 2011

$159,999

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $140.35
  • 3 Days on Market
  • MLS # : 1498117
  • Updated Date : 12/04/2020 at 20:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,140 sqft
  • Baths : 2 full
Listing Agent

Phillips & Associates Realty

Listing Agent's Description

If you are looking for a perfect Christmas present for the whole family, here it is! This exquisite 3 bedroom 2 bath beauty is just waiting for you. 10' ceilings, easy to clean tiling all the way through the house, bonus shed which could function as workout room or more living space, covered patio in the back invites for cookouts and much more has this amazing house to offer! Hidden in the quiet neighborhood Brookside with quick access to the HWY and close to downtown. Come see this beauty today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

PRICE & RENT TRENDS

Neighborhood: Brookside

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Brookside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6071456

* 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
Highland Forest Elementary School Primary Regular 526 34 2
Legacy Middle School Middle Regular 1,146 64 2
East Central High School High Regular 2,943 146 3

Highland Forest Elementary School

  • Education Level: Primary
  • # of students: 526
  • # of teachers: 34
2
GreatSchools Rating

Legacy Middle School

  • Education Level: Middle
  • # of students: 1,146
  • # of teachers: 64
2
GreatSchools Rating

East Central High School

  • Education Level: High
  • # of students: 2,943
  • # of teachers: 146
3
GreatSchools Rating
 

$143,999$175,999$159,999

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$590
Property Tax -$357
Property Insurance -$93
Property Management Fees -$99
CASH FLOW
$31

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.

$159,999

PROJECTED PRICE

$1,170

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 5.3%
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-$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$48,150

INVESTMENT

$48,150

Down Payment
$40,000
Rehab Estimate
$5,750
Closing Costs
$2,400

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
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $40,000
Loan Amount $119,999
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$6,002

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,260

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,1702$1,3253$1,3304$1,4255$1,450
$1,450
RENT COMPS ANALYSIS
  • 113 Sligo St San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $1.03
    •  
  • 3115 Pedernales Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 2004
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.03
    •  
  • 128 La Garde St San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 2003
    property image
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $1.19
    •  
  • 318 Juniper St San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,267 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,267 Sqft ∙ Built 1999
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.12
    •  
  • 110 La Garde St San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 2003
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.08
    •  
PROPERTY LISTING DETAILS
Tim Ohlbrecht
1.210.776.3308
Phillips & Associates Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1498117
Last Updated: 12/04/2020
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