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11502 Verde Bend San Antonio, TX 78245

4 Beds 2 Baths 1,709 sqft Built 2014

$225,990

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $132.24
  • 8 Days on Market
  • MLS # : 1493945
  • Updated Date : 11/14/2020 at 16:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,709 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Heritage

Listing Agent's Description

OPEN HOUSE TODAY 11/14 @ 1-4pm Welcome home to your beautiful 1-story home nestled on a corner lot in a cul-de-sac! Inviting entry flows to your grand kitchen with island/breakfast bar with recess lighting where you can enjoy cooking and entertaining as it opens to huge living area. Split master suite features soak-in tub with separate shower and dual-vanity. Large secondary rooms, 4th bed can be used as flex room/study. Wrap around backyard with covered patio can fit nice-sized pool/playground. Close to Lackland AFB/Hwy 90/Loop 1604 & new shops/restraurants. Priced to sell, don't wait to build, come on by today!

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: 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
 

$203,391$248,589$225,990

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 -$834
Property Tax -$504
Property Insurance -$126
HOA -$29
Property Management Fees -$99
CASH FLOW
-$62

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.

$225,990

PROJECTED PRICE

$1,530

PROJECTED RENT

0.68%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,637

INVESTMENT

$65,637

Down Payment
$56,498
Rehab Estimate
$5,750
Closing Costs
$3,390

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$834

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,498
Loan Amount $169,493
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$3,371

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
  • $1,504

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,4503$1,4954$1,5305$1,600
$1,600
RENT COMPS ANALYSIS
  • 11502 Verde Bend San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,709 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,709 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.90
    •  
  • 11603 Fort Smith San Antonio, TX 1
    • 4 beds 3 baths ∙ 1,609 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,609 Sqft ∙ Built 2012
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.80
    •  
  • 11672 Hidden Terrace San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 2015
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
  • 11135 Grapevine Hill San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 2012
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.92
    •  
  • 11515 Fort Smith San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 2013
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jazan Harris
1.210.202.9211
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1493945
Last Updated: 11/14/2020
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