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12915 Ocean Glade San Antonio, TX 78249

3 Beds 3 Baths 1,812 sqft Built 1991

$225,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
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

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: Hunter's Chase

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $86k290k

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

Neighborhood: Hunter's Chase

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7741847

* 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
Scobee Elementary School Primary Regular 609 40 9
Stinson Middle School Middle Regular 1,115 72 6
Brandeis High School High Regular 2,593 149 8

Scobee Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 40
9
GreatSchools Rating

Stinson Middle School

  • Education Level: Middle
  • # of students: 1,115
  • # of teachers: 72
6
GreatSchools Rating

Brandeis High School

  • Education Level: High
  • # of students: 2,593
  • # of teachers: 149
8
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

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
$1,450
1$1,4502$1,4953$1,5754$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 12915 Ocean Glade San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
  • 12918 Hunters Moon San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1989
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
  • 7310 Hunters Land San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1989
    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
Ryan Gonzales
1.210.287.8917
Becker Properties, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1506794
Last Updated: 01/29/2021
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