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11507 Massive Mt Helotes, TX 78023

3 Beds 2 Baths 2,912 sqft Built 2011

$385,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $132.21
  • 4 Days on Market
  • MLS # : 1510823
  • Updated Date : 02/25/2021 at 20:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,912 sqft
  • Baths : 2 full
Listing Agent

Fraire Realty Group, Inc.

Listing Agent's Description

Fall in love with this beautiful 3 bedroom 2 bath home + GAME/MEDIA ROOM located in Helotes! This charming home features wood floors, high ceilings, an office with french doors, and a spacious kitchen/living room, plus a fireplace! The kitchen includes an oversized granite countertop, a butler's pantry, mocha cabinets with hardware, built-in stainless steel appliances, pendant lighting, and gas cooking! The master bedroom has a high ceiling with a view of the backyard. The master bath includes a standup shower, separate vanities, a garden tub, plus a large walk-in closet. The over-sized GAME/MEDIA room is an entertainment bonus! The backyard features a large covered patio great for BBQs! Full sprinkler system! The home is conveniently located near shopping, restaurants, and HWY 1604! Come and schedule a tour today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

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
Los Reyes Elementary School Primary Regular 449 33 NA
Hector Garcia Middle School Middle Regular 1,483 85 9
O'connor High School High Regular 3,094 173 8

Los Reyes Elementary School

  • Education Level: Primary
  • # of students: 449
  • # of teachers: 33
NA
GreatSchools Rating

Hector Garcia Middle School

  • Education Level: Middle
  • # of students: 1,483
  • # of teachers: 85
9
GreatSchools Rating

O'connor High School

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

$346,500$423,500$385,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$1,337
Property Tax -$793
Property Insurance -$195
HOA -$24
Property Management Fees -$99
CASH FLOW
$82

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.

$385,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.66%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$14,056

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,628

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,4003$2,4504$2,5305$2,795
$2,795
RENT COMPS ANALYSIS
  • 11507 Massive Mt Helotes, TX 4
    • 3 beds 2 baths ∙ 2,912 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,912 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $0.87
    •  
  • 10514 Newcroft Pl Helotes, TX 1
    • 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 2015
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.91
    •  
  • 17918 Bierstadt Mt Helotes, TX 2
    • 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2013
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.91
    •  
  • 16515 Asturias Helotes, TX 3
    • 3 beds 3 baths ∙ 2,777 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,777 Sqft ∙ Built 2018
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
  • 17816 Oxford Mt Helotes, TX 5
    • 4 beds 4 baths ∙ 3,062 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,062 Sqft ∙ Built 2013
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.91
    •  
PROPERTY LISTING DETAILS
Isaac Torres
1.210.315.7955
Fraire Realty Group, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1510823
Last Updated: 02/25/2021
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