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126 Ferris Ave San Antonio, TX 78220

3 Beds 2 Baths 1,251 sqft Built 1998

$180,000

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
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

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: Coliseum Willow Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200kPrice in $55k204k

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

Neighborhood: Coliseum Willow Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q260070080090010001100120013001400Rent in $5071456

* 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
Davis Middle School Middle Regular 562 37 2
Houston High School High Magnet 1,000 69 2
Sam Houston High School High Unknown NA

Davis Middle School

  • Education Level: Middle
  • # of students: 562
  • # of teachers: 37
2
GreatSchools Rating

Houston High School

  • Education Level: High
  • # of students: 1,000
  • # of teachers: 69
2
GreatSchools Rating

Sam Houston High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$162,000$198,000$180,000

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

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
$1,000
1$1,0002$1,0503$1,1204$1,1905$1,250
$1,250
RENT COMPS ANALYSIS
  • 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
Shane Brysch
1.210.843.9549
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 #: 1509831
Last Updated: 02/13/2021
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