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

12218 Coal Mine Rise San Antonio, TX 78245

4 Beds 3 Baths 2,394 sqft Built 2015

$250,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $104.43
  • 5 Days on Market
  • MLS # : 1502433
  • Updated Date : 01/07/2021 at 16:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,394 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Heritage

Listing Agent's Description

Charming two-story home with sprawling backyard and two-car garage nestled in Weston Oaks neighborhood. Fresh, neutral paint throughout the home means it's move-in ready and perfect to make your own! Warm foyer with elegant wrought-iron banister welcomes in loved ones with a flourish. Kitchen features stainless steel appliances, tile backsplash, and natural stone countertops, opening into the living and dining areas for seamless entertaining. Four total bedrooms featuring touches like recessed shelving and tray ceilings allow for office space, a home exercise room, guest rooms, and more. Beautiful master suite provides a sanctuary complete with spa-like bathroom starring a luxurious soaker tub. Large, lush backyard is completely fenced in and offers grassy room to run or covered space to enjoy the shade, ideal for pets, backyard soccer games, weekend parties, and more. Neighborhood includes amenities like public pool and playground. Don't wait - this stunning property won't last long!

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*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
Lieck Elementary School Primary Regular 697 42 6
Luna Middle School Middle Regular 1,242 70 6
Brennan High School High Regular 2,455 137 7

Lieck Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 42
6
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

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$868
Property Tax -$558
Property Insurance -$165
HOA -$83
Property Management Fees -$99
CASH FLOW
-$14

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

$1,760

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
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

2.33

YEARS SAVED

$4,098

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,754

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7603$1,7754$1,8255$1,850
$1,850
RENT COMPS ANALYSIS
  • 12218 Coal Mine Rise San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.74
    •  
  • 423 Tequila Ranch San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2011
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.70
    •  
  • 518 Fort Pena San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 2013
    property image
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.74
    •  
  • 522 Fort Apache San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 2014
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.72
    •  
  • 450 Tequila Ranch San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 2011
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.77
    •  
PROPERTY LISTING DETAILS
Charles Gafford
1.210.660.8623
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1502433
Last Updated: 01/07/2021
BESbswy