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13915 Joplin Ter San Antonio, TX 78254

4 Beds 2 Baths 1,700 sqft Built 2016

$249,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $147.00
  • 3 Days on Market
  • MLS # : 1508377
  • Updated Date : 02/05/2021 at 22:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,700 sqft
  • Baths : 2 full
Listing Agent

Mitchell Realty

Listing Agent's Description

Gorgeous single story 4 bedroom/ 2 bath home in a highly desired neighborhood! This home offers an open concept kitchen and living area with granite kitchen countertops and island. Just off the living room is the master suite which features a separate tub and shower and large walk in closet. The carpet is brand new and the refrigerator will stay! Spacious backyard with a covered patio on a green belt. The community has fantastic amenities; 2 pools, 2 water slides, splash pad, park and playground, basket ball court, tennis court, fishing pier, walking trail and much more. Kallison Elementary is also located inside of Valley Ranch.

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*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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$868
Property Tax -$558
Property Insurance -$125
HOA -$63
Property Management Fees -$99
CASH FLOW
-$23

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.

$249,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.68%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$4,191

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,658

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6903$1,6954$1,7005$1,725
$1,725
RENT COMPS ANALYSIS
  • 13915 Joplin Ter San Antonio, TX 2
    • 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.99
    •  
  • 8906 Double Oak San Antonio, TX 1
    • 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
    •  
  • 8842 Belgian Falls San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 2016
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.00
    •  
  • 8631 Angelina Parke San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 2016
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 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
Jennifer Mata
1.210.551.3066
Mitchell Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508377
Last Updated: 02/05/2021
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