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114 Palazzo Torre San Antonio, TX 78253

4 Beds 3 Baths 2,044 sqft Built 2011

$225,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $110.08
  • 7 Days on Market
  • MLS # : 1496652
  • Updated Date : 11/23/2020 at 23:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,044 sqft
  • Baths : 3 full
Listing Agent

Vortex Realty

Listing Agent's Description

Perfect use of space and flow with an open layout which has 4 bedrooms and 3 full baths. Recently completed upgrades such as tile throughout the first floor and all the wet areas. Covered patio with extended slab. This home won't last.

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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*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $86k264k

* 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
Lieck Elementary School Primary Regular 697 42 6
Bernal Middle School Middle Regular 618 38 NA
Brennan High School High Regular 2,455 137 7

Lieck Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 42
6
GreatSchools Rating

Bernal Middle School

  • Education Level: Middle
  • # of students: 618
  • # of teachers: 38
NA
GreatSchools Rating

Brennan High School

  • Education Level: High
  • # of students: 2,455
  • # of teachers: 137
7
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$830
Property Tax -$502
Property Insurance -$145
HOA -$32
Property Management Fees -$99
CASH FLOW
-$148

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.

$225,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.65%

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

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$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$841

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,451

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4503$1,4504$1,4605$1,475
$1,475
RENT COMPS ANALYSIS
  • 114 Palazzo Torre San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.71
    •  
  • 138 Prato Palma San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 2012
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.70
    •  
  • 119 Prato Palma San Antonio, TX 2
    • 3 beds 4 baths ∙ 2,044 Sqft ∙ Built 2012 3 beds 4 baths ∙ 2,044 Sqft ∙ Built 2012
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.71
    •  
  • 107 Palma Noce San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 2009
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.71
    •  
  • 167 Palma Noce San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 2010
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.72
    •  
PROPERTY LISTING DETAILS
Damion Grant
1.210.722.5354
Vortex Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1496652
Last Updated: 11/23/2020
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