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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
$65,614
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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fieldstone
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
| 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
INVESTMENT
$65,614
LOAN DETAILS
$833
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,475 |
| Loan Amount | $169,425 |
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
-
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
1.210.419.3604
Hill Country Flat Fee Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1479014
Last Updated: 08/24/2020
