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
INVESTimate
$245,000
List Price
$70,675
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2014
- Price/Sqft : $102.13
- 2 Days on Market
- MLS # : 1479287
- Updated Date : 08/26/2020 at 01:55
CONSTRUCTION
- Beds : 4
- Floor Size : 2,399 sqft
- Baths : 2 full , 1 half
Listing Agent
3d Realty & Property Mgmt.
Listing Agent's Description
OWNERS ARE CURRENTLY IN THE PROCESS OF VACATING HOME. WOULD LIKE TO SCHEDULE SHOWINGS STARTING ON SEPTEMBER 7TH. PLEASE CALL, TEXT OR EMAIL LISTING AGENT AT 2104730878 EMAIL ADDRESS IS J.WALKER@RE360GROUP.COM.
SEE MORE
- 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)
- The metro contributes to 7.2 percent of Texas state economy i.e. Gross State Product (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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,650 |
EXPENSES | Loan Payment | -$904 |
Property Tax | -$547 | |
Property Insurance | -$165 | |
Property Management Fees | -$99 | |
CASH FLOW
-$65
|
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.
$245,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.41% |
Appreciation Year (1-5) | 3.90% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 9.02% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$70,675
LOAN DETAILS
$904
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $61,250 |
Loan Amount | $183,750 |
2
YEARS SAVED
$3,700
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 -
$0.69
LIST RENT PER SQFT
-
$1,673
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.210.473.0878
3d Realty & Property Mgmt.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1479287
Last Updated: 08/26/2020