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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $124.17
- 3 Days on Market
- MLS # : 1506794
- Updated Date : 01/29/2021 at 06:23
CONSTRUCTION
- Beds : 3
- Floor Size : 1,812 sqft
- Baths : 2 full , 1 half
Listing Agent
Becker Properties, Llc
Listing Agent's Description
Desired location! Conveniently located minutes away from major highways, shopping, dinning, and entertainment. This home sits on a premium lot with mature oak trees, fresh sod, and a full front and back irrigation system. The exterior of the home features a beautiful grey brick & new vinyl siding combo with a large covered front porch. Gutters were installed for optimal drainage and a new roof was installed less than 4 years ago. Wood burning fireplace, ceiling fan, and ceramic tile flooring throughout main level. The kitchen includes stainless steel GE appliances, laminate countertops with ample space, brush nickel hardware, recently painted cabinets & a ton of cabinets for storage. All 3 bedrooms are located on the 2 level. The huge master bedroom features a sitting area with two large windows for natural daylight, ceiling fan, a generous walk-in closet, and on-suite. Both additional bedrooms offer very comfortable living, well-sized closets, and good natural daylight. Also, all the carpet upstairs has been replaced within the last 2 years. Last but not least, the outdoor living of the home provides great space for fun and entertainment for all. The recently added cover patio compliments this yard perfectly. Ideal for those family barbecues. In addition, a shed was added a year ago for extra storage. Multiple windows were replaced with Low E energy efficient windows. The entire AC system and ducts were replaced 3 years ago. Plus, the interior of the home was freshly painted 2 years ago.
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: Hunter's Chase
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hunter's Chase
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$782 |
| Property Tax | -$502 | |
| Property Insurance | -$132 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$71
|
||
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.
$225,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.11% |
| Appreciation Year (1-5) | 7.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.32% |
| 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
$65,375
LOAN DETAILS
$782
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
3.67
YEARS SAVED
$7,586
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,599
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 04/30/20- Rent
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- $1,450
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LEASED 06/24/20- Rent
- Rent Per SQFT
- $1,495
- $0.86
-
12843 Hunting Bear San Antonio, TX 3
- 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1994
LEASED 06/17/20- Rent
- Rent Per SQFT
- $1,575
- $0.93
-
11431 Cedar Park San Antonio, TX 4
- 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1988
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,600
- $0.89
PROPERTY LISTING DETAILS
1.210.287.8917
Becker Properties, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1506794
Last Updated: 01/29/2021
