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1227 White Rock Dr San Antonio, TX 78245

3 Beds 2 Baths 1,578 sqft Built 1975

$163,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $103.30
  • 3 Days on Market
  • MLS # : 1514002
  • Updated Date : 03/13/2021 at 01:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,578 sqft
  • Baths : 2 full
Listing Agent

Network Nw Real Estate

Listing Agent's Description

LARGE HOME WITH UPDATED KITCHEN. STONE COUNTER TOPS AND BREAKFAST BAR. REFINISHED CABINETS. CERAMIC FLOORING THROUGHOUT HOUSE. 2 LIVING AND 2 EATING AREAS. CURRENT LEASE EXPIRES APRIL 30, 2021

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Heritage

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Cody Elementary School Primary Regular 766 55 3
Pease Middle School Middle Regular 1,139 73 4
Stevens High School High Regular 2,866 172 4

Cody Elementary School

  • Education Level: Primary
  • # of students: 766
  • # of teachers: 55
3
GreatSchools Rating

Pease Middle School

  • Education Level: Middle
  • # of students: 1,139
  • # of teachers: 73
4
GreatSchools Rating

Stevens High School

  • Education Level: High
  • # of students: 2,866
  • # of teachers: 172
4
GreatSchools Rating
 

$146,700$179,300$163,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$566
Property Tax -$364
Property Insurance -$118
Property Management Fees -$99
CASH FLOW
$253

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$163,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.86%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$48,945

INVESTMENT

$48,945

Down Payment
$40,750
Rehab Estimate
$5,750
Closing Costs
$2,445

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$566

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $40,750
Loan Amount $122,250
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$22,591

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,400

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3953$1,4004$1,4255$1,495
$1,495
RENT COMPS ANALYSIS
  • 1227 White Rock Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.89
    •  
  • 10482 Tippecanoe Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1992
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.87
    •  
  • 10430 Tippecanoe Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1992
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.92
    •  
  • 1223 Bay Horse Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1974
    property image
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.85
    •  
  • 654 Cypresscliff Dr San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,638 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,638 Sqft ∙ Built 1986
    property image
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.91
    •  
PROPERTY LISTING DETAILS
Nancy Alfaro
1.210.389.4788
Network Nw Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1514002
Last Updated: 03/13/2021
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