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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $150.72
- 3 Days on Market
- MLS # : 1511175
- Updated Date : 02/26/2021 at 22:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,526 sqft
- Baths : 2 full
Listing Agent
Keller Williams Legacy
Listing Agent's Description
Cozy, well maintained one story home in the well sought Silver Canyon Subdivision. This 3 Bedroom, 2 Bath home has open concept. Nice foyer that opens up to family, dining combo. Lovely hardwood floors in dining, master bedroom and walk in closet. Master suite with walk in closet and separate shower and soaker bath. Ceiling fans and window treatment throughout. Nice backyard with covered patio and privacy fence. Northside schools. Nearby shopping and easy access to express ways .
SEE MORE
- 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: 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 | $1,520 |
| EXPENSES | Loan Payment | -$799 |
| Property Tax | -$513 | |
| Property Insurance | -$108 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$16
|
||
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.
$230,000
PROJECTED PRICE
$1,520
PROJECTED RENT
0.66%
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
$66,700
LOAN DETAILS
$799
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $57,500 |
| Loan Amount | $172,500 |
2.58
YEARS SAVED
$4,520
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,429
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
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11742 Silver Field San Antonio, TX 1
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11950 Horse Cyn San Antonio, TX 2
- 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2018
LEASED 05/12/20- Rent
- Rent Per SQFT
- $1,550
- $1.03
-
11729 Silver Sky San Antonio, TX 3
- 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2017
LEASED 09/16/20- Rent
- Rent Per SQFT
- $1,550
- $1.03
-
11903 Cheney Glen San Antonio, TX 4
- 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2009
LEASED 09/10/20- Rent
- Rent Per SQFT
- $1,595
- $1.01
-
12139 Dawes Pt San Antonio, TX 5
- 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2011
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,625
- $1.03
PROPERTY LISTING DETAILS
1.210.860.1779
Keller Williams Legacy
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1511175
Last Updated: 02/26/2021
