Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12127 Medina Mill San Antonio, TX 78253

3 Beds 2 Baths 1,451 sqft Built 2008

INVESTimate

$200,000

List Price

$1,500

$1,350 - $1,650

Rent Est.

$204,960  ( +2.48%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $137.84
  • 3 Days on Market
  • MLS # : 1478906
  • Updated Date : 08/24/2020 at 13:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,451 sqft
  • Baths : 2 full
Listing Agent

Bhgre Homecity

Listing Agent's Description

**Rare Find** This single story, 3 bedroom, 2 bath home features 1414 square feet of living space built in 2008. This open floor concept lovely home has been freshly painted and move in ready. Covered patio recently extended for great entertainment and sitting area. New carpet will be replaced in two rooms. Mature trees with beautiful curve appeal. Also great investor opportunity!

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: Alamo Ranch

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $86k290k

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

Neighborhood: Alamo Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8451884

* 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
Mireles Elementary School Primary Regular 996 61 9
Dolph Briscoe Middle School Middle Regular 824 50 7
Taft High School High Regular 2,901 174 7

Mireles Elementary School

  • Education Level: Primary
  • # of students: 996
  • # of teachers: 61
9
GreatSchools Rating

Dolph Briscoe Middle School

  • Education Level: Middle
  • # of students: 824
  • # of teachers: 50
7
GreatSchools Rating

Taft High School

  • Education Level: High
  • # of students: 2,901
  • # of teachers: 174
7
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$738
Property Tax -$446
Property Insurance -$111
HOA -$28
Property Management Fees -$99
CASH FLOW
$77

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.

$200,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 2.48%
Maintenance Year (1-5) 8.00%
Vacancy 9.32%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$9,427

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,491

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,4953$1,5004$1,6495$1,650
$1,650
RENT COMPS ANALYSIS
  • 12127 Medina Mill San Antonio, 3
    • 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.03
    •  
  • 12202 Harris Hawk San Antonio, 1
    • 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 2008
    property image
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.03
    •  
  • 6411 Donley Cove San Antonio, 2
    • 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 2007
    property image
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.04
    •  
  • 6434 Palmetto Way San Antonio, 4
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2012
    property image
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $1.00
    •  
  • 6119 Briscoe Leaf San Antonio, 5
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2006
    property image
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
PROPERTY LISTING DETAILS
Maria Chavez
1.210.473.9608
Bhgre Homecity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478906
Last Updated: 08/24/2020
BESbswy