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12410 Rio Paloma San Antonio, TX 78249

3 Beds 3 Baths 2,144 sqft Built 1996

INVESTimate

$225,900

List Price

$1,720

$1,548 - $1,892

Rent Est.

$240,132  ( +6.30%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $105.36
  • 3 Days on Market
  • MLS # : 1479014
  • Updated Date : 08/24/2020 at 19:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,144 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hill Country Flat Fee Realty

Listing Agent's Description

Wow! Recently remodeled, 4 sides brick exterior, 3 bedroom, 2.5 bath, 2,144 SF home in the quiet northside community of Fieldstone w/ easy access to 1604, schools, restaurants & shopping! The entire main floor offers new tile flooring & baseboard, while the spacious dining room can be used as a secondary living space, office or dining room. The remodeled kitchen offers stunning new custom cabinets, quartz counters, a gorgeous farmhouse sink, new SS appliances, a double oven, built-in microwave, built-in dishwasher and a spacious eating area. Brand new carpet in the upstairs as well as new paint. The large game room is wired for surround sound & perfect for movies or game nights. The rear covered patio w/ fans is great place for grilling or just relaxing in the large backyard that backs to the heavily trees open space. Newer roof, water softener, water heater, totally remodeled kitchen, newer tile flooring and more!

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: Fieldstone

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $86k290k

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

Neighborhood: Fieldstone

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8331847

* 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
Steubing Elementary School Primary Regular 531 37 7
Stinson Middle School Middle Regular 1,115 72 6
Brandeis High School High Regular 2,593 149 8

Steubing Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 37
7
GreatSchools Rating

Stinson Middle School

  • Education Level: Middle
  • # of students: 1,115
  • # of teachers: 72
6
GreatSchools Rating

Brandeis High School

  • Education Level: High
  • # of students: 2,593
  • # of teachers: 149
8
GreatSchools Rating
 

$203,310$248,490$225,900

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$833
Property Tax -$504
Property Insurance -$151
Property Management Fees -$99
CASH FLOW
$132

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.

$225,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 6.30%
Maintenance Year (1-5) 8.00%
Vacancy 9.32%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,614

INVESTMENT

$65,614

Down Payment
$56,475
Rehab Estimate
$5,750
Closing Costs
$3,389

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$833

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,475
Loan Amount $169,425
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$14,363

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,930

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,8953$1,8954$1,9455$1,950
$1,950
RENT COMPS ANALYSIS
  • 12410 Rio Paloma San Antonio, 1
    • 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.80
    •  
  • 10915 Wilson Oaks San Antonio, 2
    • 3 beds 2 baths ∙ 2,167 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,167 Sqft ∙ Built 2001
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.87
    •  
  • 11615 Brae Valley San Antonio, 3
    • 3 beds 2 baths ∙ 2,098 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,098 Sqft ∙ Built 1998
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
  • 5511 Cross Pond San Antonio, 4
    • 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 2009
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.96
    •  
  • 12034 Wellstone Run San Antonio, 5
    • 4 beds 2 baths ∙ 2,230 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,230 Sqft ∙ Built 2005
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.87
    •  
PROPERTY LISTING DETAILS
Mark Phillips
1.210.419.3604
Hill Country Flat Fee Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1479014
Last Updated: 08/24/2020
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