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12215 Violet St San Antonio, TX 78247

4 Beds 2 Baths 1,758 sqft Built 1982

$249,800

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $142.09
  • 3 Days on Market
  • MLS # : 1504260
  • Updated Date : 01/15/2021 at 21:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,758 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Amazing and rare opportunity in BLOSSOM PARK, besides the desirable location this charming single story sits a corner, cul-de-sac, close to a quarter of an acre lot with mature oaks. Featuring four bedrooms, two baths, updated kitchen, baths, 2 dining areas, the formal dining can be also used as an office space since the breakfast nook has built in cabinets, wet bar in the living room perfect to enjoy your Happy Hour at home! High beamed ceilings in the living area add a unique touch and cozy feeling, tile, wood, and carpet flooring all recently installed (2020) granite countertops with new stainless stele appliances, all cabinets were refaced, NEW AC/Furnace ALL NEW windows, gas furnace and gas water heater allow a lower utility bills. Spacious covered patio perfect for "al fresco" evenings, and grilling parties, two car garage. Four sides brick home with a park like backyard, in walking distance to McAllister Park, highly rated NEISD schools and proximity to downtown, SAMMC, Fort Sam, RAFB and even Lackland! Convenient to all the major highways, yet in a quiet, tucked away, neighborhood, come tour it today and make it your Home Sweet Home, won't last!!

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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: Blossom Park

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $83k205k

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

Neighborhood: Blossom Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8451508

* 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
Coker Elementary School Primary Regular 871 55 6
Bradley Middle School Middle Regular 1,169 66 8
Macarthur High School High Regular 2,544 153 6

Coker Elementary School

  • Education Level: Primary
  • # of students: 871
  • # of teachers: 55
6
GreatSchools Rating

Bradley Middle School

  • Education Level: Middle
  • # of students: 1,169
  • # of teachers: 66
8
GreatSchools Rating

Macarthur High School

  • Education Level: High
  • # of students: 2,544
  • # of teachers: 153
6
GreatSchools Rating
 

$224,820$274,780$249,800

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$868
Property Tax -$558
Property Insurance -$129
Property Management Fees -$99
CASH FLOW
-$143

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.

$249,800

PROJECTED PRICE

$1,510

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 7.0%
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$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,947

INVESTMENT

$71,947

Down Payment
$62,450
Rehab Estimate
$5,750
Closing Costs
$3,747

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% 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 $62,450
Loan Amount $187,350
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,042

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,609

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5103$1,6004$1,6255$1,700
$1,700
RENT COMPS ANALYSIS
  • 12215 Violet St San Antonio, TX 2
    • 4 beds 2 baths ∙ 1,758 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,758 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.86
    •  
  • 2111 Plum Blossom St San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1978
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
  • 2115 Plum Blossom St San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1979
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 2018 Park Canyon Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1994
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.92
    •  
  • 12326 Almendra Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1995
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.97
    •  
PROPERTY LISTING DETAILS
Claudia Miranda
1.210.863.8113
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1504260
Last Updated: 01/15/2021
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