Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11349 Jazzstar San Antonio, TX 78245

5 Beds 3 Baths 2,810 sqft Built 2017

$260,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $92.53
  • 6 Days on Market
  • MLS # : 1507571
  • Updated Date : 02/02/2021 at 21:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,810 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mission Real Estate Group

Listing Agent's Description

This is a lovely custom built home, plenty of room to grow into as a family. It is plumbed out for one more bathroom to be added, It is being used as storage room. This home has an open concept kitchen and living room combo, granite countertops, with hardwood cabinets and stainless steel appliances. On a corner lot. This home is move-in ready!

SEE MORE

MARKET HIGHLIGHTS

  • 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).
  • 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)

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
Potranco Elementary School Primary Regular 807 44 8
Medina Valley Middle School Middle Regular 976 58 5
Medina Valley High School High Regular 1,159 67 6

Potranco Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 44
8
GreatSchools Rating

Medina Valley Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 58
5
GreatSchools Rating

Medina Valley High School

  • Education Level: High
  • # of students: 1,159
  • # of teachers: 67
6
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$903
Property Tax -$586
Property Insurance -$189
HOA -$58
Property Management Fees -$99
CASH FLOW
-$45

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.

$260,000

PROJECTED PRICE

$1,790

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$3,171

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,897

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7903$1,8254$1,8255$1,950
$1,950
RENT COMPS ANALYSIS
  • 11349 Jazzstar San Antonio, TX 2
    • 5 beds 3 baths ∙ 2,810 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,810 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.64
    •  
  • 2914 Sunday Song San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 2006
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.61
    •  
  • 11523 N Peak San Antonio, TX 3
    • 5 beds 4 baths ∙ 2,648 Sqft ∙ Built 2013 5 beds 4 baths ∙ 2,648 Sqft ∙ Built 2013
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.69
    •  
  • 11506 Fort Smith San Antonio, TX 4
    • 5 beds 4 baths ∙ 2,657 Sqft ∙ Built 2012 5 beds 4 baths ∙ 2,657 Sqft ∙ Built 2012
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.69
    •  
  • 11311 Decidedly San Antonio, TX 5
    • 5 beds 4 baths ∙ 2,764 Sqft ∙ Built 2016 5 beds 4 baths ∙ 2,764 Sqft ∙ Built 2016
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.71
    •  
PROPERTY LISTING DETAILS
Joe Iley
1.210.833.8137
Mission Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1507571
Last Updated: 02/02/2021
BESbswy