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

1307 Hays St San Antonio, TX 78202

3 Beds 2 Baths 1,058 sqft Built 1998

$199,900

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $188.94
  • 4 Days on Market
  • MLS # : 1504100
  • Updated Date : 01/15/2021 at 07:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,058 sqft
  • Baths : 2 full
Listing Agent

Auction Caddy, Inc

Listing Agent's Description

CHARMING 3 BED 2 BATH HOME LOCATED CLOSE TO DOWNTOWN. HOME IS MINUTES FROM THE HAYS ST BRIDGE. SOME OF THE FEATURES INCLUDE ANTIQUE BAMBOO HARDWOOD FLOORS, DESIGNER TILE FLOORS IN KITCHEN AND BATHROOMS. CEDAR FENCE ON THREE SIDES, STONE EXTERIOR FRONT WALLS, CONCRETE DRIVE WITH ADJOINING COVERED PARKING NEXT TO KITCHEN. BUILT-IN SECURED STORAGE ROOM UNDER COVERED PARKING. SECURITY LIGHTING, DECORATIVE BARS ON ALL WINDOWS AND DOORS. LANDSCAPING / 2 LARGE PALM TREES IN BACK!

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: Dignowity Hill

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260kPrice in $60k275k

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

Neighborhood: Dignowity Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q250060070080090010001100120013001400Rent in $4051456

* 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
Bowden Elementary School Primary Regular 512 34 2
Wheatley Middle School Middle Regular 378 29 1
Brackenridge High School High Magnet 1,994 110 3

Bowden Elementary School

  • Education Level: Primary
  • # of students: 512
  • # of teachers: 34
2
GreatSchools Rating

Wheatley Middle School

  • Education Level: Middle
  • # of students: 378
  • # of teachers: 29
1
GreatSchools Rating

Brackenridge High School

  • Education Level: High
  • # of students: 1,994
  • # of teachers: 110
3
GreatSchools Rating
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$694
Property Tax -$446
Property Insurance -$88
Property Management Fees -$99
CASH FLOW
-$98

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.

$199,900

PROJECTED PRICE

$1,230

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.3%
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$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

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$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$694

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,043

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $1,214

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,2303$1,2504$1,2955$1,600
$1,600
RENT COMPS ANALYSIS
  • 1307 Hays St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,058 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,058 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $1.16
    •  
  • 1312 Dawson St San Antonio, TX 1
    • 3 beds 1 baths ∙ 942 Sqft ∙ Built 2008 3 beds 1 baths ∙ 942 Sqft ∙ Built 2008
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $1.25
    •  
  • 718 Hood St San Antonio, TX 3
    • 3 beds 1 baths ∙ 1,120 Sqft ∙ Built 1993 3 beds 1 baths ∙ 1,120 Sqft ∙ Built 1993
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.12
    •  
  • 531 Gulf San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 2018
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.05
    •  
  • 906 Martin Luther King Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1987
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.17
    •  
PROPERTY LISTING DETAILS
Angelica Erosa De Perez
1.720.838.0269
Auction Caddy, Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1504100
Last Updated: 01/15/2021
BESbswy