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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $140.76
- 7 Days on Market
- MLS # : 1507440
- Updated Date : 02/01/2021 at 23:59
CONSTRUCTION
- Beds : 4
- Floor Size : 2,451 sqft
- Baths : 3 full
Listing Agent
Re/max North-san Antonio
Listing Agent's Description
No Neighbors behind this Beautiful home complete with: gourmet kitchen w/a 7x8 ft. granite breakfast bar with a stone face, 42" cabinets, oversized tile throughout the down stairs, full bedroom w/bath for guests and an extra large cover patio all on the first floor! Outdoor kitchen, covered front patio, wood flooring on the stair case plus all hallways and master and downstairs bedroom. Solid surface counters in All baths! Upstairs, it even gets better w/a private balcony off the master bedroom overlooking the greenbelt. The Mason includes 4 bedrooms, 3 full baths, 2 car garage, full sprinkler system, blinds, water softener, Decorator colors throughout and No Neighbors Behind!!
SEE MORE
- 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: 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 | $2,080 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$770 | |
| Property Insurance | -$168 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$206
|
||
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.
$345,000
PROJECTED PRICE
$2,080
PROJECTED RENT
0.60%
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
$97,175
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
0.67
YEARS SAVED
$1,048
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,080
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$2,077
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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- $2,050
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- 4 beds 4 baths ∙ 2,512 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,512 Sqft ∙ Built 2016
LEASED 12/23/20- Rent
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- $2,105
- $0.84
-
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LEASED 06/24/20- Rent
- Rent Per SQFT
- $2,150
- $0.88
PROPERTY LISTING DETAILS
1.210.698.2623
Re/max North-san Antonio
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1507440
Last Updated: 02/01/2021
