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11650 Welch Hallow San Antonio, TX 78254

3 Beds 3 Baths 2,409 sqft Built 2014

$289,900

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $120.34
  • 3 Days on Market
  • MLS # : 1516570
  • Updated Date : 03/26/2021 at 15:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,409 sqft
  • Baths : 2 full , 1 half
Listing Agent

Someday Realty & Property Mgmt

Listing Agent's Description

Take comfort in this beautifully maintained home with lots of room to spread out! Enter your home and envision your family gathered for dinner or holidays in your large open area kitchen/dining area! Enjoy the granite countertops and open kitchen area w/42" cabinets while entertaining friends and family huddled around your large kitchen island. Your SPACIOUS Master Bedroom has ample storage space, the Master Bath allows you to escape from your daily stresses. large game rm for family game night. Close to Shopping, Sea World, Lackland AFB, easy access to Loop 1604 Welcome Home!!

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: Bridgewood Homeowners Association

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Bridgewood Homeowners Association

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7951488

* 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
Franklin Elementary School Primary Regular 559 37 NA
Folks Middle School Middle Unknown NA
Harlan High School High Regular NA

Franklin Elementary School

  • Education Level: Primary
  • # of students: 559
  • # of teachers: 37
NA
GreatSchools Rating

Folks Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Harlan High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,007
Property Tax -$647
Property Insurance -$166
HOA -$33
Property Management Fees -$99
CASH FLOW
-$102

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.

$289,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.8%
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$800k

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,334

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
  • $0.77

    LIST RENT PER SQFT
  • $1,867

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8503$1,8504$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 11650 Welch Hallow San Antonio, TX 4
    • 3 beds 3 baths ∙ 2,409 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,409 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.77
    •  
  • 7611 Welch Falls San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,401 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,401 Sqft ∙ Built 2015
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.73
    •  
  • 11646 Welch Hallow San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2014
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.77
    •  
  • 7759 Heavenly Arbor San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,413 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,413 Sqft ∙ Built 2016
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.77
    •  
  • 8246 Assumption Dr San Antonio, TX 5
    • 3 beds 3 baths ∙ 2,411 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,411 Sqft ∙ Built 2020
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
PROPERTY LISTING DETAILS
Matthew Gurniak
1.210.420.0072
Someday Realty & Property Mgmt
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1516570
Last Updated: 03/26/2021
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