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11419 Newkirk Helotes, TX 78023

3 Beds 3 Baths 2,535 sqft Built 2001

$280,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $110.45
  • 2 Days on Market
  • MLS # : 1514070
  • Updated Date : 03/13/2021 at 17:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,535 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Lumen Team

Listing Agent's Description

Looking for the perfect spot for entertaining at home and social distance friendly? just look at the pictures. The custom deck on this property is unique and ready to be enjoyed including sound system. This home is full of details. No carpets and easy to maintain on both levels, flooring upstairs installed in 2021. Granite countertops in the kitchen and stove replaced in 2020, with plenty of space for storage and breakfast area, check out the pantry... plenty of space for toilet paper supplies :) Master bedroom upstairs is super spacious with a unbelievable master closet, the other 2 bedrooms won't disappoint in size and closet space either last but not least the media room offers extra space and also has a bonus office space for working with privacy. Gated community with open park area, minutes ways from Walmart super store, HEB and the Bandera area shops and restaurants

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: West San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $91k335k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8502191

* 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
Kuentz Elementary School Primary Regular 798 49 7
Jefferson Middle School Middle Regular 1,451 79 7
O'connor High School High Regular 3,094 173 8

Kuentz Elementary School

  • Education Level: Primary
  • # of students: 798
  • # of teachers: 49
7
GreatSchools Rating

Jefferson Middle School

  • Education Level: Middle
  • # of students: 1,451
  • # of teachers: 79
7
GreatSchools Rating

O'connor High School

  • Education Level: High
  • # of students: 3,094
  • # of teachers: 173
8
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$973
Property Tax -$576
Property Insurance -$173
HOA -$34
Property Management Fees -$99
CASH FLOW
-$135

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.

$280,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.61%

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-$6.0k-$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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,568

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,711

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6753$1,7004$1,7205$1,745
$1,745
RENT COMPS ANALYSIS
  • 11419 Newkirk Helotes, TX 4
    • 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.68
    •  
  • 12019 Shotgun Way Helotes, TX 1
    • 3 beds 2 baths ∙ 2,535 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,535 Sqft ∙ Built 1999
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.63
    •  
  • 10411 Stonewind Pl San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,571 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,571 Sqft ∙ Built 1998
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.65
    •  
  • 12007 Shotgun Way San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,424 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,424 Sqft ∙ Built 1998
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.70
    •  
  • 11723 Shotgun Way Helotes, TX 5
    • 3 beds 3 baths ∙ 2,424 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,424 Sqft ∙ Built 1999
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.72
    •  
PROPERTY LISTING DETAILS
Anna Ramos
1.210.216.7279
The Lumen Team
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1514070
Last Updated: 03/13/2021
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