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13419 Alder Creek Dr San Antonio, TX 78247

3 Beds 2 Baths 1,398 sqft Built 1999

$225,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $160.94
  • 2 Days on Market
  • MLS # : 1504461
  • Updated Date : 01/17/2021 at 00:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,398 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Heritage

Listing Agent's Description

This lovely one story home is nestled in the Hunters Mill subdivision with great curb appeal, it features an open layout, large living room with a fireplace that leads into an open island kitchen with a dining area. There are 3 bedrooms and 2 full bathrooms, large master bedroom has a walk in closet and full bathroom. Neutral paint colors and some finishes including a ocean themed mural by Aartvark Studio Inc. Owner improvements also include laminate flooring throughout the main living area, upgraded bathroom sink in the guest bath and tile floors in the kitchen. There is a sitting window in the dining area with a west facing window. The roof is 3 years old and a new water heater has been installed. The home backs up to a green belt and has a large stone patio. This is a 1 owner home. Schedule your showing for this move in ready home 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: Hunters Mill

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $86k217k

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

Neighborhood: Hunters Mill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8451528

* 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
Wetmore Elementary School Primary Regular 731 45 6
Driscoll Middle School Middle Regular 900 54 5
Macarthur High School High Regular 2,544 153 6

Wetmore Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 45
6
GreatSchools Rating

Driscoll Middle School

  • Education Level: Middle
  • # of students: 900
  • # of teachers: 54
5
GreatSchools Rating

Macarthur High School

  • Education Level: High
  • # of students: 2,544
  • # of teachers: 153
6
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$782
Property Tax -$502
Property Insurance -$108
HOA -$16
Property Management Fees -$99
CASH FLOW
-$157

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.

$225,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.6%
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

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$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$513

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,384

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,4004$1,4455$1,495
$1,495
RENT COMPS ANALYSIS
  • 13419 Alder Creek Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.97
    •  
  • 12106 Stoney Pond San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1994
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.00
    •  
  • 12215 Stoney Cove San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,334 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,334 Sqft ∙ Built 1993
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.05
    •  
  • 13547 Mason Crest Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1998
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.97
    •  
  • 13607 Bentwood Oaks San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,594 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,594 Sqft ∙ Built 1996
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.94
    •  
PROPERTY LISTING DETAILS
Sonia Hammond
1.210.788.8620
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1504461
Last Updated: 01/17/2021
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