Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $143.88
- 2 Days on Market
- MLS # : 1509831
- Updated Date : 02/13/2021 at 22:44
CONSTRUCTION
- Beds : 3
- Floor Size : 1,251 sqft
- Baths : 2 full
Listing Agent
Re/max North-san Antonio
Listing Agent's Description
Looking for close proximity to downtown in an older, established and quiet neighborhood with NO HOA without the maintenance of an older home? THEN LOOK NO FURTHER! Welcome home to your freshly remodeled 3 bedroom 2 bath home! With luxury vinyl plank floors, spills from the kids are no problem to clean up and maintenance is easy! New carpet in the bedrooms keeps your feet feeling pampered as you step out of bed on those cold mornings or when you come home from walking all day in your dress shoes. Featuring a beautiful kitchen with new appliances, a separate laundry room to keep noise from doing laundry to a minimum and a large lot to allow you enough room to entertain for that birthday party, the big game, your famous BBQ or just enough room to let the kids run around, you're sure to find that this is the place you and your family want to live. With vaulted and high ceilings, this spacious 3 bedroom home will not disappoint you for living space and room enough to fit the family. Schedule your showing tour today!
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: Coliseum Willow Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Coliseum Willow Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,190 |
| EXPENSES | Loan Payment | -$625 |
| Property Tax | -$402 | |
| Property Insurance | -$99 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$35
|
||
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.
$180,000
PROJECTED PRICE
$1,190
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.31% |
| Appreciation Year (1-5) | 3.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.54% |
| 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
$53,450
LOAN DETAILS
$625
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $45,000 |
| Loan Amount | $135,000 |
2
YEARS SAVED
$2,307
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,190
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,185
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
126 Ferris Ave San Antonio, TX 4
- 3 beds 2 baths ∙ 1,251 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,251 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,190
- $0.95
-
114 Sterling Dr San Antonio, TX 1
- 3 beds 1 baths ∙ 973 Sqft ∙ Built 2007 3 beds 1 baths ∙ 973 Sqft ∙ Built 2007
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,000
- $1.03
-
1423 Gibbs San Antonio, TX 2
- 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2005
LEASED 01/05/21- Rent
- Rent Per SQFT
- $1,050
- $0.88
-
234 Morningview Dr Bexar Co, TX 3
- 3 beds 3 baths ∙ 1,300 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,300 Sqft ∙ Built 2006
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,120
- $0.86
-
154 Baxter Ave San Antonio, TX 5
- 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 1995
LEASED 02/04/21- Rent
- Rent Per SQFT
- $1,250
- $1.02
PROPERTY LISTING DETAILS
1.210.843.9549
Re/max North-san Antonio
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1509831
Last Updated: 02/13/2021
