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11446 Sea Gull Ct San Antonio, TX 78245

3 Beds 2 Baths 1,703 sqft Built 2018

$259,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $152.61
  • 8 Days on Market
  • MLS # : 1509856
  • Updated Date : 02/14/2021 at 17:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,703 sqft
  • Baths : 2 full
Listing Agent

Jp & Associates, Realtors

Listing Agent's Description

Check out this beautiful New Leaf single story newly constructed home with many upgrades. The front of the home offers gorgeous curb appeal with an all brick exterior and an asymetrical front entrance. Home offers a beautiful 2 story deck, build in shelves in the garage and backs up to Green Belt. Its a MUST SEE!

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*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
Behlau Elementary School Primary Regular 820 50 4
Luna Middle School Middle Regular 1,242 70 6
Brennan High School High Regular 2,455 137 7

Behlau Elementary School

  • Education Level: Primary
  • # of students: 820
  • # of teachers: 50
4
GreatSchools Rating

Luna Middle School

  • Education Level: Middle
  • # of students: 1,242
  • # of teachers: 70
6
GreatSchools Rating

Brennan High School

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

$233,910$285,890$259,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$903
Property Tax -$580
Property Insurance -$125
HOA -$37
Property Management Fees -$99
CASH FLOW
-$214

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.

$259,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.59%

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

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$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% 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 $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$222

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,541

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4753$1,5004$1,5255$1,530
$1,530
RENT COMPS ANALYSIS
  • 11446 Sea Gull Ct San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.90
    •  
  • 11515 Wayward Daisy San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2010
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
  • 1419 S Dove Bend San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2013
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.90
    •  
  • 11715 Caraway Hill San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 2014
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.88
    •  
  • 11715 Basil Grass San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2008
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.92
    •  
PROPERTY LISTING DETAILS
Genevieve Cavazos
1.210.489.0116
Jp & Associates, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1509856
Last Updated: 02/14/2021
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