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

12902 Fairacres Way San Antonio, TX 78233

3 Beds 3 Baths 1,712 sqft Built 2007

$230,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $134.35
  • 5 Days on Market
  • MLS # : 1497689
  • Updated Date : 12/04/2020 at 17:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,712 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams City-view

Listing Agent's Description

Welcome to this charming well maintained home offering brand new home features for you and your family to readily move in to, without the new home price tag! You are welcomed with its charming features as soon as you walk in the door! With its tall ceilings at the foyer, open living room concept that flows to the dining area that leads to the kitchen and the french doors that leads to your private spacious backyard . This home also features upgrades such as the iron spindle stair bannisters, granite countertops, clean appliances, crown moldings all the way throughout the first floor, large windows for natural lighting, Fresh New Paint, Brand New Carpeting, Water Softener and More! Conveniently Located perfectly close to Randolph AFB, Fort Sam Houston, SA International Airport, Parks, Library, Shops & Restaurants. Do Not Miss it!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

PRICE & RENT TRENDS

Neighborhood: Monterrey Village

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k208k

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

Neighborhood: Monterrey Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8451566

* 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
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$849
Property Tax -$513
Property Insurance -$126
HOA -$15
Property Management Fees -$99
CASH FLOW
-$62

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.

$230,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.1%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$3,597

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,549

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4253$1,5404$1,5755$1,595
$1,595
RENT COMPS ANALYSIS
  • 12902 Fairacres Way San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.90
    •  
  • 6611 Cibola Forest San Antonio, TX 1
    • 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 2006
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.92
    •  
  • 6707 Clovis Ct San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2005
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.84
    •  
  • 6602 Nora Vista Way San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2003
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.93
    •  
  • 6715 Nora Vista Way San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 2007
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.93
    •  
PROPERTY LISTING DETAILS
Karen Gonzales
1.334.354.9200
Keller Williams City-view
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1497689
Last Updated: 12/04/2020
BESbswy