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11406 Hogan Cove San Antonio, TX 78221

3 Beds 2 Baths 1,564 sqft Built 2013

INVESTimate

$202,500

List Price

$1,400

$1,260 - $1,540

Rent Est.

$211,694  ( +4.54%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $129.48
  • 8 Days on Market
  • MLS # : 1477901
  • Updated Date : 08/22/2020 at 23:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,564 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Pride of ownership shows in this well cared for 3 bedroom, 2 bath Lennar home located in a historic Southside neighborhood. The eat-in kitchen has granite counters, ample cabinet storage and plenty of counter space. Adjacent to the kitchen is a walk-in pantry and laundry area. Escape to your large, cozy master bedroom with a sitting area. The master bath features a double vanity, Corian countertops, and separate walk-in shower and garden tub. As a bonus, the secondary bedrooms are roomy and offer walk-in closets. The entire house has been recently painted with cool, neutral colors. Many updates include a water softener, storm door, garage door opener, ceiling fans and ADA toilets. Relax in your huge backyard and enjoy the sunsets on your stained cement patio, perfect for entertaining family and friends. The large shed will provide extra storage for your gardening and outdoor lifestyle items. Located close to the infamous San Antonio missions, the Mission Del Lago Golf Course, Mitchell Lake. Easy access to I-37 and just a 15-minute drive to beautiful downtown San Antonio.

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: Heritage South

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $61k204k

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

Neighborhood: Heritage South

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
Southside High School High Regular 1,432 104 3

Southside High School

  • Education Level: High
  • # of students: 1,432
  • # of teachers: 104
3
GreatSchools Rating
 

$182,250$222,750$202,500

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$747
Property Tax -$452
Property Insurance -$117
HOA -$25
Property Management Fees -$99
CASH FLOW
-$41

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.

$202,500

PROJECTED PRICE

$1,400

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 4.54%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$59,413

INVESTMENT

$59,413

Down Payment
$50,625
Rehab Estimate
$5,750
Closing Costs
$3,038

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$747

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,625
Loan Amount $151,875
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$3,164

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,419

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4003$1,4504$1,5005$1,625
$1,625
RENT COMPS ANALYSIS
  • 11406 Hogan Cove San Antonio, 2
    • 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.90
    •  
  • 1102 Par Four San Antonio, 1
    • 4 beds 2 baths ∙ 1,655 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,655 Sqft ∙ Built 2006
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.85
    •  
  • 11618 Pelican Cove San Antonio, 3
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2015
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
  • 927 Watson Way San Antonio, 4
    • 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2018
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 11510 Tiger Woods San Antonio, 5
    • 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 2017
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.95
    •  
PROPERTY LISTING DETAILS
Lynda Lowder
1.361.774.0515
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1477901
Last Updated: 08/22/2020
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