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12407 Magnifico St San Antonio, TX 78233

3 Beds 2 Baths 1,596 sqft Built 1972

$190,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $119.05
  • 3 Days on Market
  • MLS # : 1499392
  • Updated Date : 12/12/2020 at 22:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,596 sqft
  • Baths : 2 full
Listing Agent

G Partners & Realty

Listing Agent's Description

Gorgeous 3 bedroom, 2 full baths - single story home on nice sized lot in El Dorado neighborhood w/mature trees & manicured curb appeal. This house is nestled in a quiet cul-de-sac easy access to main streets. Inside you will find a wide open floor plan including ceramic tile entry way, formal living, family room, office room & dining rooms; Pride of ownership is evident in every upgraded detail including kitchen w/gas range, stainless appliances, countertops & decorative backsplash; Clean and crisp interior finish with a fresh coat of paint throughout the house. Work shop w/ electricity. Double patio doors open out to lovely covered patio & great backyard on a greenbelt. You're going to love this home!

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: El Dorado

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: El Dorado

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
El Dorado Elementary School Primary Regular 753 53 4
Wood Middle School Middle Regular 1,042 65 4
Madison High School High Regular 3,364 190 5

El Dorado Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 53
4
GreatSchools Rating

Wood Middle School

  • Education Level: Middle
  • # of students: 1,042
  • # of teachers: 65
4
GreatSchools Rating

Madison High School

  • Education Level: High
  • # of students: 3,364
  • # of teachers: 190
5
GreatSchools Rating
 

$171,000$209,000$190,000

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$701
Property Tax -$424
Property Insurance -$119
Property Management Fees -$99
CASH FLOW
-$73

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.

$190,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$1,866

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,281

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2703$1,2954$1,3255$1,399
$1,399
RENT COMPS ANALYSIS
  • 12407 Magnifico St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.80
    •  
  • 4718 El Vedado St San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,573 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,573 Sqft ∙ Built 1973
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.73
    •  
  • 13123 Larklair St San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1974
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.86
    •  
  • 5311 Rio Hato St San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 1973
    property image
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.82
    •  
  • 12107 El Sendero St San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1972
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.80
    •  
PROPERTY LISTING DETAILS
Benjamin Godina
1.210.838.0584
G Partners & Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1499392
Last Updated: 12/12/2020
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