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118 Alabaster Universal City, TX 78148

5 Beds 3 Baths 2,654 sqft Built 1993

$290,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $109.27
  • 3 Days on Market
  • MLS # : 1496037
  • Updated Date : 11/20/2020 at 06:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,654 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

GORGEOUS TREE COVERED LOT IN DESIRABLE SUNRISE CANYON! Welcome home to a 5 bedroom,2.5 bath home with hardwood floors, kitchen features granite countertops, gas cooking, stainless steel appliances. Plantation shutters throughout and large walk-in closets. Newly renovated upstairs bathroom.Trees recently trimmed & professional landscaping make this home this home the most beautiful on the block! A/C units replaced 4 years ago and Roof is 5 years old. Conveniently located to military installations,schools and shopping. You'll love the lifestyle of this home!

SEE MORE

MARKET HIGHLIGHTS

  • 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).
  • 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)

PRICE & RENT TRENDS

Neighborhood: Universal City

ZipNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200kPrice in $91k205k

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

Neighborhood: Universal City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8441472

* 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
Olympia Elementary School Primary Regular 471 32 6
Kitty Hawk Middle School Middle Regular 1,298 83 6
Veterans Memorial High School High Regular NA

Olympia Elementary School

  • Education Level: Primary
  • # of students: 471
  • # of teachers: 32
6
GreatSchools Rating

Kitty Hawk Middle School

  • Education Level: Middle
  • # of students: 1,298
  • # of teachers: 83
6
GreatSchools Rating

Veterans Memorial High School

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

$261,000$319,000$290,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,070
Property Tax -$680
Property Insurance -$180
HOA -$8
Property Management Fees -$99
CASH FLOW
-$157

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.

$290,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.4%
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$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,733

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,884

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8503$1,8804$1,9005$1,995
$1,995
RENT COMPS ANALYSIS
  • 118 Alabaster Universal City, TX 3
    • 5 beds 3 baths ∙ 2,654 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,654 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.71
    •  
  • 13359 Galicia Universal City, TX 1
    • 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 1991
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.69
    •  
  • 122 Foxglove Universal City, TX 2
    • 4 beds 2 baths ∙ 2,544 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,544 Sqft ∙ Built 1983
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.73
    •  
  • 8815 Ash Meadow Dr Universal City, TX 4
    • 4 beds 3 baths ∙ 2,833 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,833 Sqft ∙ Built 2003
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.67
    •  
  • 3521 Mesquite Chase Schertz, TX 5
    • 4 beds 3 baths ∙ 2,668 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,668 Sqft ∙ Built 2010
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.75
    •  
PROPERTY LISTING DETAILS
Stephanie Meier
1.210.269.1478
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1496037
Last Updated: 11/20/2020
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