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13271 Cipresso Palco San Antonio, TX 78253

3 Beds 2 Baths 1,412 sqft Built 2014

$185,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $131.02
  • 3 Days on Market
  • MLS # : 1492633
  • Updated Date : 11/01/2020 at 23:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,412 sqft
  • Baths : 2 full
Listing Agent

Jp & Associates, Realtors

Listing Agent's Description

Please verify all measurements and schools. Charming 1 Story home in established Monticello Ranch is ready for you to make it your own! Home features an open Floor Plan, Spacious kitchen includes kitchen island with matching SS appliances, lots of counters & prep areas. Large master suite complete with primary bath. Protect your belongings with a safe in master closet and save on electricity bill with Solar Panels. This gem also includes a privately fenced back yard and if you enjoy the outdoors? a quick/short walk leads you to the pool and playground. Other Features: Desirable NISD schools, easy commute to Lackland/NSA and a short trip to the popular 151/1604 shopping areas, gyms, theaters and dining. THIS MUST SEE WON'T LAST! MAKE YOUR SHOWING APPT. TODAY.

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: West San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $86k264k

* 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
Lieck Elementary School Primary Regular 697 42 6
Bernal Middle School Middle Regular 618 38 NA
Brennan High School High Regular 2,455 137 7

Lieck Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 42
6
GreatSchools Rating

Bernal Middle School

  • Education Level: Middle
  • # of students: 618
  • # of teachers: 38
NA
GreatSchools Rating

Brennan High School

  • Education Level: High
  • # of students: 2,455
  • # of teachers: 137
7
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$683
Property Tax -$413
Property Insurance -$109
HOA -$40
Property Management Fees -$99
CASH FLOW
-$3

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.

$185,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.72%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$4,878

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,363

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,2953$1,3404$1,4955$1,525
$1,525
RENT COMPS ANALYSIS
  • 13271 Cipresso Palco San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.95
    •  
  • 139 Blue Juniper San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 2004
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.93
    •  
  • 12643 Moon Stream San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 2003
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.94
    •  
  • 13015 Cipresso Palco San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2009
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.99
    •  
  • 13218 Sunrise Wood San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2010
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.00
    •  
PROPERTY LISTING DETAILS
Ruth Baker
1.830.391.4315
Jp & Associates, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492633
Last Updated: 11/01/2020
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