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

1235 Stable Glen Dr San Antonio, TX 78245

4 Beds 3 Baths 2,660 sqft Built 2012

$255,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $95.86
  • 3 Days on Market
  • MLS # : 1497076
  • Updated Date : 11/27/2020 at 17:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,660 sqft
  • Baths : 3 full
Listing Agent

Jb Goodwin, Realtors

Listing Agent's Description

Very spacious, move-in ready home with 4 bedrooms, and 3 full bathrooms. Primary bedroom down as well as second bedroom that could be used as an office. The open concept floorplan and large, recently re-stained deck in the backyard make this the perfect home for entertaining. Recently installed wood floors in living room. Neighborhood amenities include pool, park/playground, sports court, and clubhouse.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Trophy Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $86k262k

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

Neighborhood: Trophy Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451611

* 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
Forester Elementary School Primary Regular 1,001 62 8
Vale Middle School Middle Regular 1,349 78 5
Stevens High School High Regular 2,866 172 4

Forester Elementary School

  • Education Level: Primary
  • # of students: 1,001
  • # of teachers: 62
8
GreatSchools Rating

Vale Middle School

  • Education Level: Middle
  • # of students: 1,349
  • # of teachers: 78
5
GreatSchools Rating

Stevens High School

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

$229,500$280,500$255,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$941
Property Tax -$569
Property Insurance -$181
HOA -$42
Property Management Fees -$99
CASH FLOW
-$11

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.

$255,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 0.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$5,970

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,815

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7953$1,8204$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 1235 Stable Glen Dr San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.68
    •  
  • 10730 Axis Crossing San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2010
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.68
    •  
  • 414 Cattle Ranch Dr San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2004
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.66
    •  
  • 415 Willow Grove Dr San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2004
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.68
    •  
  • 10827 Gemsbuck Lodge San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,683 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,683 Sqft ∙ Built 2008
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.71
    •  
PROPERTY LISTING DETAILS
Allison Mccarroll
1.210.744.4600
Jb Goodwin, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1497076
Last Updated: 11/27/2020
BESbswy