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13820 Steadtree Pass San Antonio, TX 78253

3 Beds 2 Baths 1,690 sqft Built 2019

$266,500

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $157.69
  • 4 Days on Market
  • MLS # : 1505344
  • Updated Date : 01/22/2021 at 01:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,690 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Heritage

Listing Agent's Description

This Abby Style home has been very well maintained by its original owner! Featuring an open concept living space with 3 bedrooms, 2 baths, and a "flex" room which can be used as a study, playroom, or formal dining room. This beautiful kitchen features granite countertops and overlooks the family room. The master suite is nestled in the corner of the home for optimum privacy and boasts a spacious master bath and walk-in closet. Home automation, a large covered patio, and a two-car garage.

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*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
Henderson Elementary School Primary Regular 645 41 7
Folks Middle School Middle Regular 700 45 NA
Harlan High School High Regular NA

Henderson Elementary School

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 41
7
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
 

$239,850$293,150$266,500

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$926
Property Tax -$595
Property Insurance -$125
HOA -$38
Property Management Fees -$99
CASH FLOW
-$113

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.

$266,500

PROJECTED PRICE

$1,670

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$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,373

INVESTMENT

$76,373

Down Payment
$66,625
Rehab Estimate
$5,750
Closing Costs
$3,998

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$926

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,625
Loan Amount $199,875
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,808

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,665

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,6704$1,7005$1,725
$1,725
RENT COMPS ANALYSIS
  • 13820 Steadtree Pass San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.99
    •  
  • 13714 Baltic Pass San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2015
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.01
    •  
  • 8906 Double Oak San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 2016
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 13816 Bellows Path San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2015
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 13914 Cohan Way San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2015
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.97
    •  
PROPERTY LISTING DETAILS
Adela Perez
1.210.724.5050
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1505344
Last Updated: 01/22/2021
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