Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11707 Spring Song Dr San Antonio, TX 78249

3 Beds 2 Baths 1,132 sqft Built 1984

$144,900

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $128.00
  • 3 Days on Market
  • MLS # : 1515355
  • Updated Date : 03/20/2021 at 17:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,132 sqft
  • Baths : 2 full
Listing Agent

Premier Realty Group

Listing Agent's Description

Beautiful and Stylish Townhouse ** 3 Bed / 2 Bath / 2 Car Detached Garage** Vacant and Move in Ready in Medical Center ** Open Floor plan ** Vaulted Ceilings ** Fireplace ** New Ceramic Tile Planks throughout Common areas ** New Carpet in Bedrooms ** Separate Dining Area ** New Paint Inside & Outside ** Kitchen boasts Plenty of Light Cabinets...Granite Counters...Dishwasher **Big Backyard for your Family Fun ** Close to UTSA, La Cantera, 1604, I-10, Jogging Trails and Parks ** Come See for Yourself!!

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: Oxbow

NeighborhoodNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $77k205k

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

Neighborhood: Oxbow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400Rent in $7221472

* 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
Carnahan Elementary School Primary Regular 663 43 5
Stinson Middle School Middle Regular 1,115 72 6
Brandeis High School High Regular 2,593 149 8

Carnahan Elementary School

  • Education Level: Primary
  • # of students: 663
  • # of teachers: 43
5
GreatSchools Rating

Stinson Middle School

  • Education Level: Middle
  • # of students: 1,115
  • # of teachers: 72
6
GreatSchools Rating

Brandeis High School

  • Education Level: High
  • # of students: 2,593
  • # of teachers: 149
8
GreatSchools Rating
 

$130,410$159,390$144,900

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$503
Property Tax -$323
Property Insurance -$92
Property Management Fees -$99
CASH FLOW
$242

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.

$144,900

PROJECTED PRICE

$1,260

PROJECTED RENT

0.87%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 8.6%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$44,149

INVESTMENT

$44,149

Down Payment
$36,225
Rehab Estimate
$5,750
Closing Costs
$2,174

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$503

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $36,225
Loan Amount $108,675
See What Happens When You Reinvest Cash Flow

10.67

YEARS SAVED

$22,919

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,166

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2603$1,3004$1,3505$1,500
$1,500
RENT COMPS ANALYSIS
  • 11707 Spring Song Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $1.11
    •  
  • 11756 Spring Club Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1983
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.04
    •  
  • 6706 Spring Hurst St San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1972
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.99
    •  
  • 7110 Spring Morning St San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1980
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.03
    •  
  • 7210 Spring Morning St San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1978
    property image
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Diana Scott
1.210.724.1325
Premier Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1515355
Last Updated: 03/20/2021
BESbswy