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13403 Frio Parke San Antonio, TX 78254

5 Beds 3 Baths 2,560 sqft Built 2017

$285,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $111.33
  • 2 Days on Market
  • MLS # : 1500519
  • Updated Date : 12/20/2020 at 01:28
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,560 sqft
  • Baths : 2 full , 1 half
Listing Agent

Orchard Brokerage

Listing Agent's Description

Click the Virtual Tour link to view the 3D Matterport walkthrough. Gorgeous curb appeal and pristine interiors welcome you home to a wide-open floor plan with easy-care tile floors. Beautiful cabinetry and large island coupled with dramatic ceiling and gleaming appliances make the kitchen an eye-catching feature. The master is spacious with additional sitting area and modern bathroom features including double vanity. The backyard's covered patio is perfectly suited for any summer day. Corner lot with sprinkler system and water softener. Move in ready.

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*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $86k235k

* 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
Kallison Elementary School Primary Regular NA
Folks Middle School Middle Regular 700 45 NA
Harlan High School High Regular NA

Kallison Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Folks Middle School

  • Education Level: Middle
  • # of students: 700
  • # of teachers: 45
NA
GreatSchools Rating

Harlan High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,052
Property Tax -$646
Property Insurance -$175
HOA -$29
Property Management Fees -$99
CASH FLOW
$49

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.

$285,000

PROJECTED PRICE

$2,050

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$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,858

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,984

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$1,9504$1,9755$2,050
$2,050
RENT COMPS ANALYSIS
  • 13403 Frio Parke San Antonio, TX 5
    • 5 beds 3 baths ∙ 2,560 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,560 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.80
    •  
  • 8419 Angelina Parke San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2015
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.78
    •  
  • 8531 Sandy Meadows San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2013
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.76
    •  
  • 8442 Cedar Meadows San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2013
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 8439 Angelina Parke San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2015
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.79
    •  
PROPERTY LISTING DETAILS
Alice Conner
1.210.610.7937
Orchard Brokerage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1500519
Last Updated: 12/20/2020
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