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11710 Ripplewood San Antonio, TX 78253

4 Beds 3 Baths 2,855 sqft Built 2003

$270,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $94.57
  • 2 Days on Market
  • MLS # : 1514131
  • Updated Date : 03/14/2021 at 05:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,855 sqft
  • Baths : 2 full , 1 half
Listing Agent

Phillips & Associates Realty

Listing Agent's Description

Fabulous, spacious and well maintained home in Caracol Creek! Only a few blocks from park/playground! Tons of natural light, open floor plan and lots of character make living areas feel warm and inviting with very large bedrooms and closets! Enjoy the backyard under the covered deck with built in seating! Upgrades include new flooring, paint, AC, and backyard fence. This home won't last long! WELCOME HOME!

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: West San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $86k264k

* 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
Ott Elementary School Primary Regular 756 46 7
Luna Middle School Middle Regular 1,242 70 6
Brennan High School High Regular 2,455 137 7

Ott Elementary School

  • Education Level: Primary
  • # of students: 756
  • # of teachers: 46
7
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
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$938
Property Tax -$603
Property Insurance -$192
HOA -$15
Property Management Fees -$99
CASH FLOW
-$196

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.

$270,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.61%

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$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$388

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $1,713

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$1,645
1$1,6452$1,6503$1,6504$1,7005$1,800
$1,800
RENT COMPS ANALYSIS
  • 11710 Ripplewood San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,855 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,855 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.58
    •  
  • 1006 Saxonhill Dr San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,840 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,840 Sqft ∙ Built 2004
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.58
    •  
  • 11724 Paddlebrook San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,856 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,856 Sqft ∙ Built 2002
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.58
    •  
  • 1815 Caraselle Loop Ct San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,784 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,784 Sqft ∙ Built 1994
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.61
    •  
  • 1231 Saxonhill Dr San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 1996
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.63
    •  
PROPERTY LISTING DETAILS
Connie Patterson
1.210.383.6518
Phillips & Associates Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1514131
Last Updated: 03/14/2021
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