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11334 Widefield Ln San Antonio, TX 78245

3 Beds 2 Baths 1,122 sqft Built 1994

$160,000

List Price

$1,110

$999 - $1.2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $142.60
  • 3 Days on Market
  • MLS # : 1509725
  • Updated Date : 02/12/2021 at 22:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,122 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage Llc

Listing Agent's Description

This San Antonio one-story cul-de-sac home offers a one-car garage. This home is vacant and cleaned regularly.

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: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Big Country Elementary School Primary Regular 711 45 8
Francis R. Scobee Middle School Middle Regular 968 59 4
Southwest High School High Regular 3,545 195 3

Big Country Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 45
8
GreatSchools Rating

Francis R. Scobee Middle School

  • Education Level: Middle
  • # of students: 968
  • # of teachers: 59
4
GreatSchools Rating

Southwest High School

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

$144,000$176,000$160,000

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$556
Property Tax -$357
Property Insurance -$92
HOA -$14
Property Management Fees -$99
CASH FLOW
-$7

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.

$160,000

PROJECTED PRICE

$1,110

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
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$50k$100k$150k$200k$250k$300k$350k$400k$450k

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$50k$100k$150k$200k$250k$300k$350k$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 65% down payment or higher enables the proceeds from the asset to cover all costs.

$556

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $40,000
Loan Amount $120,000
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$3,280

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,110

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,102

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$975
1$9752$1,1003$1,1104$1,2005$1,200
$1,200
RENT COMPS ANALYSIS
  • 11334 Widefield Ln San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,110
    • $0.99
    •  
  • 10223 Redfish Cavern San Antonio, TX 1
    • 3 beds 2 baths ∙ 980 Sqft ∙ Built 2001 3 beds 2 baths ∙ 980 Sqft ∙ Built 2001
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $975
    • $0.99
    •  
  • 2891 Ash Field Dr San Antonio, TX 2
    • 3 beds 1 baths ∙ 1,149 Sqft ∙ Built 1984 3 beds 1 baths ∙ 1,149 Sqft ∙ Built 1984
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.96
    •  
  • 10128 Sunset Pl San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 2000
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.99
    •  
  • 2303 Dalhart Pass San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 2000
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.99
    •  
PROPERTY LISTING DETAILS
Feras Rachid
1.214.378.3667
Opendoor Brokerage Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1509725
Last Updated: 02/12/2021
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