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14008 Shivers Cove San Antonio, TX 78254

5 Beds 3 Baths 2,540 sqft Built 2017

$274,900

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $108.23
  • 2 Days on Market
  • MLS # : 1505679
  • Updated Date : 01/23/2021 at 16:17
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,540 sqft
  • Baths : 2 full , 1 half
Listing Agent

Levi Rodgers Real Estate Group

Listing Agent's Description

This beautiful two-story, 5 bedroom, 2.5 bath home is located in the stunning Kallison Ranch community! It is move-in ready and offers an inviting entryway, open to the dining area that flows into a large eat-in kitchen and spacious living room. Just off the living room is the primary suite which features a separate tub and shower and large walk-in closet. The second floor highlights a generous loft space, a full bath, and four bedrooms, three with walk-in closets. Also included is a covered patio and a 2-car garage. New owners will the convenience of a nearby lake, neighborhood pool, clubhouse, park, playground, jogging trails, sports court, BBQ/grill, and basketball court! On-site Elementary school and nearby Middle and High school!

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
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$955
Property Tax -$614
Property Insurance -$174
HOA -$63
Property Management Fees -$99
CASH FLOW
$96

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.

$274,900

PROJECTED PRICE

$2,000

PROJECTED RENT

0.73%

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$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$11,037

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,007

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,0004$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 14008 Shivers Cove San Antonio, TX 3
    • 5 beds 3 baths ∙ 2,540 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,540 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 8939 Hickman Park San Antonio, TX 1
    • 5 beds 4 baths ∙ 2,680 Sqft ∙ Built 2015 5 beds 4 baths ∙ 2,680 Sqft ∙ Built 2015
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.75
    •  
  • 8722 Addison Ridge San Antonio, TX 2
    • 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2016
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 13818 Murphy Haven San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 2017
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.80
    •  
  • 8926 Ironwood Hill San Antonio, TX 5
    • 5 beds 4 baths ∙ 2,680 Sqft ∙ Built 2016 5 beds 4 baths ∙ 2,680 Sqft ∙ Built 2016
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
PROPERTY LISTING DETAILS
Levi Rodgers
1.210.784.6585
Levi Rodgers Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1505679
Last Updated: 01/23/2021
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