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11371 Fire Cyn San Antonio, TX 78252

4 Beds 3 Baths 2,395 sqft Built 2009

$195,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $81.42
  • 5 Days on Market
  • MLS # : 1494542
  • Updated Date : 11/14/2020 at 16:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,395 sqft
  • Baths : 2 full , 1 half
Listing Agent

Orchard Brokerage

Listing Agent's Description

Click the Virtual Tour link to view the 3D Matterport walkthrough. The ideal home awaits new owners! Ample living space with a bonus game room upstairs. Kitchen features an island and bright white cabinets. Walk-in closets in every bedroom. Master bedroom on the main level boasts a large garden tub in the bath. Spacious backyard and patio slab. Clean and 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: 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
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$719
Property Tax -$445
Property Insurance -$165
HOA -$14
Property Management Fees -$99
CASH FLOW
$157

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.

$195,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.82%

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$500k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$15,696

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,659

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6003$1,6954$1,7955$1,895
$1,895
RENT COMPS ANALYSIS
  • 11371 Fire Cyn San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,395 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,395 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.67
    •  
  • 7146 Turnbow San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2017
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.67
    •  
  • 11314 Begonia Rock San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 2009
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.71
    •  
  • 11108 Cape Primrose San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,574 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,574 Sqft ∙ Built 2010
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.70
    •  
  • 11206 Cape Primrose San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 2009
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.69
    •  
PROPERTY LISTING DETAILS
Alice Conner
1.210.610.7937
Orchard Brokerage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1494542
Last Updated: 11/14/2020
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