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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Trophy Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$73,325
LOAN DETAILS
$941
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
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
-
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
1.210.744.4600
Jb Goodwin, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1497076
Last Updated: 11/27/2020
