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13825 Cohan Way San Antonio, TX 78253

5 Beds 3 Baths 2,288 sqft Built 2016

$299,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $131.08
  • 2 Days on Market
  • MLS # : 1514045
  • Updated Date : 03/13/2021 at 13:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,288 sqft
  • Baths : 3 full
Listing Agent

The Gist Group

Listing Agent's Description

Beautiful 1.5 story home, 4 bedrooms, 3 full baths, with study. Open layout, spacious granite counter tops in kitchen, GE stainless steel energy star appliances. Gorgeous 18"x18" tile in your entry, kitchen, dining and family. Plush carpet in your bedrooms and upstairs game room give this home an elegant look - this home comes with everything included, from a full sprinkler system, gas tank less water heater, water softener preplumb, 2 inch blinds and so much more! Must See...

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (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 Unknown NA
Harlan High School High Unknown NA

Henderson Elementary School

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

Folks Middle School

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

Harlan High School

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

$269,910$329,890$299,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,042
Property Tax -$669
Property Insurance -$159
HOA -$35
Property Management Fees -$99
CASH FLOW
-$104

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.

$299,900

PROJECTED PRICE

$1,900

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$800k

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,507

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,842

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,9004$1,9005$1,975
$1,975
RENT COMPS ANALYSIS
  • 13825 Cohan Way San Antonio, TX 4
    • 5 beds 3 baths ∙ 2,288 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,288 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.83
    •  
  • 8934 Palmetto Falls San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2016
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.77
    •  
  • 8419 Angelina Parke San Antonio, TX 2
    • 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
    •  
  • 8918 Addison Ridge San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 2016
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
  • 9011 Washburn Ct San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2015
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.85
    •  
PROPERTY LISTING DETAILS
Zip Gist
1.210.780.7601
The Gist Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1514045
Last Updated: 03/13/2021
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