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1202 Weston San Antonio, TX 78251

3 Beds 2 Baths 2,437 sqft Built 1982

INVESTimate

$221,972

List Price

$1,550

$1,395 - $1,705

Rent Est.

$230,629  ( +3.90%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1982
  • Price/Sqft : $91.08
  • 2 Days on Market
  • MLS # : 1479278
  • Updated Date : 08/26/2020 at 00:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,437 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

This 3 bedroom, 2 bath gem is nestled on a corner lot in an established neighborhood and has been gently cared for by the original homeowner for almost 40 years. The entire home has been recently refreshed with paint, ceiling fans and lighting fixtures. This wonderful home features a living area, 2 dining areas, and a cozy family room with a fireplace and vaulted ceiling. The kitchen has plenty of counter space with an abundance of cabinets. The master bedroom and bath are located downstairs and at the rear of the home with a large walk in closet and French doors leading to the outside. The secondary bedrooms are upstairs and spacious with good size closets! Bonus area upstairs can be used as a study or office. The large laundry room with cabinets and a separate walk in pantry lead you to an oversized two car garage with workman's shop, and plenty of cabinet space. The french doors in the breakfast nook open up to your covered patio that is perfect for entertaining or simply relaxing. The backyard is huge and includes a walk in shed that can provide extra storage space. This home is conveniently located with easy access to major highways and all amenities of the city. Make your appointment to see this home that is ready for a new owner to enjoy and make some new memories!

SEE MORE

MARKET HIGHLIGHTS

  • 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

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $86k213k

* 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
Evers Elementary School Primary Regular 1,002 58 6
Jordan Middle School Middle Regular 1,353 78 5
Warren High School High Regular 3,052 176 7

Evers Elementary School

  • Education Level: Primary
  • # of students: 1,002
  • # of teachers: 58
6
GreatSchools Rating

Jordan Middle School

  • Education Level: Middle
  • # of students: 1,353
  • # of teachers: 78
5
GreatSchools Rating

Warren High School

  • Education Level: High
  • # of students: 3,052
  • # of teachers: 176
7
GreatSchools Rating
 

$199,775$244,169$221,972

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$819
Property Tax -$496
Property Insurance -$168
Property Management Fees -$99
CASH FLOW
-$31

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.

$221,972

PROJECTED PRICE

$1,550

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$64,573

INVESTMENT

$64,573

Down Payment
$55,493
Rehab Estimate
$5,750
Closing Costs
$3,330

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$819

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,493
Loan Amount $166,479
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$4,423

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,682

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5003$1,5504$1,5955$1,800
$1,800
RENT COMPS ANALYSIS
  • 1202 Weston San Antonio, 3
    • 3 beds 2 baths ∙ 2,437 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,437 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.64
    •  
  • 1238 Richland Hills Dr San Antonio, 1
    • 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 1995
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.71
    •  
  • 9029 Deer Park San Antonio, 2
    • 3 beds 2 baths ∙ 2,302 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,302 Sqft ∙ Built 1986
    LEASED 05/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.65
    •  
  • 9022 Rich Quail San Antonio, 4
    • 3 beds 2 baths ∙ 2,127 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,127 Sqft ∙ Built 1983
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.75
    •  
  • 2515 Turquoise Way San Antonio, 5
    • 4 beds 4 baths ∙ 2,772 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,772 Sqft ∙ Built 2002
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.65
    •  
PROPERTY LISTING DETAILS
Lynda Lowder
1.361.774.0515
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1479278
Last Updated: 08/26/2020
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