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131 Clover Creek San Antonio, TX 78245

4 Beds 3 Baths 2,527 sqft Built 2001

$245,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $96.95
  • 2 Days on Market
  • MLS # : 1505683
  • Updated Date : 01/23/2021 at 16:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,527 sqft
  • Baths : 2 full , 1 half
Listing Agent

Oasis Company Realtors, Llc

Listing Agent's Description

This home is move in ready. A contemporary 2 story open floor plan with room for family and friends to gather and enjoy life while making new memories. The first floor offers a half bath. There is a extra storage nook near the kitchen. The walk in kitchen pantry has space for those Texas size grocery shopping days. The kitchen has a 32 inch TV mounted for those fun filled cook along lesson with your favorite TV chef. Maybe take a seat at your kitchen island and enjoy those yummy baked goodies or a meal at the table. All bedrooms are upstairs with a game room that is ready for fun filled family game nights. The owner retreat bathroom has a double vanity. Perhaps a soak in the garden tub will help you relax away the work day. The walk in closet in the owners room have space galore. If you are looking to enjoy some out door time. head out to the backyard where you will find a large patio partially covered by a pergola just waiting for some Texas style cookouts and a glass of Texas sweet tea. Welcome Home Y'all.

SEE MORE

MARKET HIGHLIGHTS

  • 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).
  • 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)

PRICE & RENT TRENDS

Neighborhood: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Forester Elementary School Primary Regular 1,001 62 8
Vale Middle School Middle Regular 1,349 78 5
Stevens High School High Regular 2,866 172 4

Forester Elementary School

  • Education Level: Primary
  • # of students: 1,001
  • # of teachers: 62
8
GreatSchools Rating

Vale Middle School

  • Education Level: Middle
  • # of students: 1,349
  • # of teachers: 78
5
GreatSchools Rating

Stevens High School

  • Education Level: High
  • # of students: 2,866
  • # of teachers: 172
4
GreatSchools Rating
 

$220,500$269,500$245,000

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 -$851
Property Tax -$547
Property Insurance -$173
HOA -$16
Property Management Fees -$99
CASH FLOW
-$146

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.

$245,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
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-$6.0k-$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$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$751

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
  • $0.61

    LIST RENT PER SQFT
  • $1,636

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5403$1,5754$1,5955$1,750
$1,750
RENT COMPS ANALYSIS
  • 131 Clover Creek San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.61
    •  
  • 9627 Rainbow Creek San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2008
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.61
    •  
  • 538 Rattler Bluff San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2004
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.67
    •  
  • 622 Butler Pt San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 2006
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.62
    •  
  • 511 Anchors Coach San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 2003
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.69
    •  
PROPERTY LISTING DETAILS
Joyce Moten
1.210.748.4219
Oasis Company Realtors, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1505683
Last Updated: 01/23/2021
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