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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $109.04
- 3 Days on Market
- MLS # : 1497126
- Updated Date : 11/27/2020 at 23:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,521 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty Llc
Listing Agent's Description
Charming 4 bedroom 2.5 bath home in desired Mountain Laurel Ranch. Approx. 2521 sq. ft. Home boasts an open floor plan w/soaring ceilings- great for entertaining. Eat in kitchen w/ granite countertops and island. Master bedroom downstairs w/great master bath including garden tub and walk in shower. Study/office perfect for working from home or online school. Upstairs features loft/game/family room- Great space for creating a media room! Nice back yard to relax and play- home sits on a cul-de-sac lot and current greenbelt with no homes behind. Home is located near 1604 and Potranco- Close to Lackland Air Force Base, Sea World, entertainment, shopping, and restaurants.
SEE MORE
- 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: West San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,014 |
| Property Tax | -$614 | |
| Property Insurance | -$173 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$83
|
||
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.
$274,900
PROJECTED PRICE
$1,850
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,599
LOAN DETAILS
$1,014
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,725 |
| Loan Amount | $206,175 |
1.67
YEARS SAVED
$3,538
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,847
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
11519 Verdis Valley San Antonio, TX 4
- 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 2016
![property image]()
- Rent
- Rent Per SQFT
- $1,850
- $0.73
-
11310 Oaks Hike San Antonio, TX 1
- 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 2014
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LEASED 10/27/20- Rent
- Rent Per SQFT
- $1,825
- $0.72
-
11502 Butterfly Walk San Antonio, TX 2
- 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2015
![property image]()
LEASED 10/05/20- Rent
- Rent Per SQFT
- $1,825
- $0.73
-
1903 Golden Maple San Antonio, TX 3
- 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 2018
![property image]()
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,830
- $0.73
-
1911 Camp Light Way San Antonio, TX 5
- 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 2017
![property image]()
LEASED 03/23/20- Rent
- Rent Per SQFT
- $1,895
- $0.75
PROPERTY LISTING DETAILS
1.210.685.5599
Exp Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1497126
Last Updated: 11/27/2020
