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12035 Sapphire River San Antonio, TX 78245

4 Beds 2 Baths 1,925 sqft Built 2018

$250,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $129.87
  • 5 Days on Market
  • MLS # : 1510703
  • Updated Date : 02/25/2021 at 23:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,925 sqft
  • Baths : 2 full
Listing Agent

Re/max Realty Advantage

Listing Agent's Description

Gorgeous, one-story home, with an open-floor plan available with Owner Financing! This beauty features tile floors throughout the living room, dining room, and kitchen, with brand new carpet throughout in each of the bedrooms. Beautifully crafted kitchen with granite counter tops, stainless steel appliances and plenty of cabinets. The gorgeous Master bedroom features a large walk-in closet, and a master bathroom with dual vanities, a garden tub and a standup shower. Additional large bedrooms are adjacent to the remaining decadent bathroom and laundry room. Enjoy the covered patio and a sized-just-right back yard spacious enough for grilling and outdoor entertainment. This home has so much to offer and a great location! This beautiful home certainly won't last long!

SEE MORE

MARKET HIGHLIGHTS

  • 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

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

* 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
Behlau Elementary School Primary Regular 820 50 4
Luna Middle School Middle Regular 1,242 70 6
Brennan High School High Regular 2,455 137 7

Behlau Elementary School

  • Education Level: Primary
  • # of students: 820
  • # of teachers: 50
4
GreatSchools Rating

Luna Middle School

  • Education Level: Middle
  • # of students: 1,242
  • # of teachers: 70
6
GreatSchools Rating

Brennan High School

  • Education Level: High
  • # of students: 2,455
  • # of teachers: 137
7
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$868
Property Tax -$558
Property Insurance -$138
HOA -$17
Property Management Fees -$99
CASH FLOW
-$80

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.

$250,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,371

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,617

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6954$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 12035 Sapphire River San Antonio, TX 2
    • 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.83
    •  
  • 1414 Scent Of Basil San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,012 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,012 Sqft ∙ Built 2015
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.77
    •  
  • 1720 Emerald Edge San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,993 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,993 Sqft ∙ Built 2016
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 11619 Verdis Valley San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 2018
    property image
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.82
    •  
  • 11947 Pearl Jubilee San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,901 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,901 Sqft ∙ Built 2019
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
PROPERTY LISTING DETAILS
Leslie Conyers Iii
1.210.944.9927
Re/max Realty Advantage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1510703
Last Updated: 02/25/2021
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