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12527 Minuteman Dr San Antonio, TX 78233

4 Beds 2 Baths 1,924 sqft Built 1975

$164,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $85.24
  • 6 Days on Market
  • MLS # : 1492322
  • Updated Date : 11/01/2020 at 14:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,924 sqft
  • Baths : 2 full
Listing Agent

Re/max North-san Antonio

Listing Agent's Description

This home has so much potential and just needs a little TLC. The home features beautiful porcelain tile in the kitchen and walkways of the home, 3 year old roof, wood burning fireplace and a secluded backyard! This great 4 bedroom full of possibilities is located in Valley Forge just minutes from IH35, Loop 1604, Wurzbach Parkway and shopping nearby at the Forum.

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: Valley Forge

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Valley Forge

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
Woodstone Elementary School Primary Regular 857 51 3
Wood Middle School Middle Regular 1,042 65 4
Roosevelt High School High Regular 2,916 186 4

Woodstone Elementary School

  • Education Level: Primary
  • # of students: 857
  • # of teachers: 51
3
GreatSchools Rating

Wood Middle School

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

Roosevelt High School

  • Education Level: High
  • # of students: 2,916
  • # of teachers: 186
4
GreatSchools Rating
 

$147,600$180,400$164,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$605
Property Tax -$366
Property Insurance -$138
Property Management Fees -$99
CASH FLOW
$192

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.

$164,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.85%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 8.0%
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$600k

PROJECTED ANNUAL CASH FLOW

11530$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$49,210

INVESTMENT

$49,210

Down Payment
$41,000
Rehab Estimate
$5,750
Closing Costs
$2,460

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,000
Loan Amount $123,000
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$19,026

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,506

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3953$1,4004$1,4005$1,495
$1,495
RENT COMPS ANALYSIS
  • 12527 Minuteman Dr San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
  • 6202 Charlotesville San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1977
    property image
    LEASED 08/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.80
    •  
  • 13022 Larklair St San Antonio, TX 2
    • 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 1975
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.78
    •  
  • 5851 Burgoyne St San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1974
    property image
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.79
    •  
  • 12422 Constitution St San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 1972
    property image
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.76
    •  
PROPERTY LISTING DETAILS
Leslie Gutierrez
1.210.380.4876
Re/max North-san Antonio
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492322
Last Updated: 11/01/2020
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