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13207 Monte Rio St San Antonio, TX 78233

3 Beds 2 Baths 1,788 sqft Built 1977

$199,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $111.30
  • 4 Days on Market
  • MLS # : 1505321
  • Updated Date : 01/22/2021 at 18:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,788 sqft
  • Baths : 2 full
Listing Agent

Ae Realty

Listing Agent's Description

This charming house is nestled on a quiet culdesac with a large .31 acre lot that includes large mature trees, a sprinkler system and plenty of room to have fun! The interior boasts new flooring, new paint, high ceilings and a beautiful wood burning fireplace. The BONUS is a very large 18x12 foot room that can be used for an office, game room, media room, play room or whatever your desires can dream up! You'll enjoy the freedom of NOT having an HOA and a great location with easy access to everything you need. All this for ONLY $199,000! This gem is sure to go fast so schedule your showings ASAP!

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: Valencia

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Valencia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
El Dorado Elementary School Primary Regular 753 53 4
Wood Middle School Middle Regular 1,042 65 4
Madison High School High Regular 3,364 190 5

El Dorado Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 53
4
GreatSchools Rating

Wood Middle School

  • Education Level: Middle
  • # of students: 1,042
  • # of teachers: 65
4
GreatSchools Rating

Madison High School

  • Education Level: High
  • # of students: 3,364
  • # of teachers: 190
5
GreatSchools Rating
 

$179,100$218,900$199,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$691
Property Tax -$444
Property Insurance -$130
Property Management Fees -$99
CASH FLOW
$15

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.

$199,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.9%
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-$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$58,485

INVESTMENT

$58,485

Down Payment
$49,750
Rehab Estimate
$5,750
Closing Costs
$2,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$691

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,750
Loan Amount $149,250
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$4,522

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,417

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3803$1,3954$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 13207 Monte Rio St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.77
    •  
  • 5311 Rio Hato St San Antonio, TX 1
    • 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 1973
    property image
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.82
    •  
  • 13022 Larklair St San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 1975
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.78
    •  
  • 13123 Burgundy Pt San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,789 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,789 Sqft ∙ Built 1994
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.78
    •  
  • 5110 El Capitan San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1977
    property image
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.79
    •  
PROPERTY LISTING DETAILS
Homer Patterson
1.210.573.5909
Ae Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1505321
Last Updated: 01/22/2021
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