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11842 Luckey Vista San Antonio, TX 78252

5 Beds 3 Baths 2,581 sqft Built 2011

$240,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $92.99
  • 3 Days on Market
  • MLS # : 1512688
  • Updated Date : 03/06/2021 at 03:47
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,581 sqft
  • Baths : 2 full , 1 half
Listing Agent

Real Broker, Llc

Listing Agent's Description

This Luckey Buyer in Luckey Ranch will have a beautiful updated and modernized home. very well maintained! This is a rare find! This 5 Bedroom, 2 full bath, 1 half bath, with master suite on main level has gorgeous layout. The entry way opens to the kitchen, defined dining area, and living room. Kitchen has gray granite countertops with lots of prep space. An "L" shaped raised bar height counter, custom hood vent and recessed can lighting, huge farm sink, with a giant window for natural light. The backsplash runs on the entire the wall and crown molding throughout entire main level. The ceramic tile planks flow to the formal dining with a beautiful light fixture. Living room is perfect for entertaining and allows for lots of natural light. Master suite opens to master bathroom which has double vanity sinks, separate walk-in shower, and garden tub with subway tile finish backsplash. Second floor landing has a oversized loft space with more crown molding, raised ceiling, for sophistication and elegance. The four other bedrooms have raised ceilings and ceiling fans in every room. Upstairs guest full bath also has double vanity sinks, granite countertops, and beautiful backsplash in the shower with updated fixtures. As you walk out the patio door, there is a huge wood deck perfect for comfortable seating and relaxing with no back neighbor. Also comes with a fire pit area! Roof, HVAC including ducts, Water heater, windows, upgraded lighting, insulation ALL put in 3-4 years ago. This house looks even better in-person. Schedule your private showing very soon!

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: Southwest San Antonio

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Southwest San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Lacoste Elementary School Primary Regular 660 40 7
Medina Valley Middle School Middle Regular 976 58 5
Medina Valley High School High Regular 1,159 67 6

Lacoste Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 40
7
GreatSchools Rating

Medina Valley Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 58
5
GreatSchools Rating

Medina Valley High School

  • Education Level: High
  • # of students: 1,159
  • # of teachers: 67
6
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$834
Property Tax -$536
Property Insurance -$176
HOA -$33
Property Management Fees -$99
CASH FLOW
$83

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$240,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 2.0%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$8,455

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,839

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,7604$1,9505$1,995
$1,995
RENT COMPS ANALYSIS
  • 11842 Luckey Vista San Antonio, TX 3
    • 5 beds 3 baths ∙ 2,581 Sqft ∙ Built 2011 5 beds 3 baths ∙ 2,581 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.68
    •  
  • 11314 Begonia Rock San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 2009
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.71
    •  
  • 7303 Turnbow San Antonio, TX 2
    • 5 beds 3 baths ∙ 2,541 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,541 Sqft ∙ Built 2016
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.69
    •  
  • 7021 Turnbow San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,835 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,835 Sqft ∙ Built 2018
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.69
    •  
  • 11330 Begonia Rock San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 2009
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.76
    •  
PROPERTY LISTING DETAILS
Enrique Serrano
1.914.282.2370
Real Broker, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1512688
Last Updated: 03/06/2021
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