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14011 Elounda San Antonio, TX 78245

4 Beds 3 Baths 2,630 sqft Built 2019

$340,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $129.28
  • 3 Days on Market
  • MLS # : 1515318
  • Updated Date : 03/19/2021 at 21:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,630 sqft
  • Baths : 3 full
Listing Agent

Jb Goodwin, Realtors

Listing Agent's Description

BEAUTIFUL 2-STORY HOME IN ARCADIA RIDGE W/SOLAR PANELS (HOME IS CURRENTLY LEASED UNTIL NOV. 2021) - Open floor plan with soaring ceilings, kitchen with eat-in breakfast area and features 42" cabinets, granite countertops, large kitchen island with granite countertop and cabinets, gas cooking, and opens to the oversize family room. Downstairs includes a private office, bedroom, and full bath. Perfect for guests or additional family members. Tons of storage. Upstairs loft/game room is perfect for family game night, large owners suite with trey ceilings, large ensuite with double vanity, separate shower and tub, and huge walk-in closet.

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*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

* 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
Herbert G. Boldt Elementary School Primary Regular NA
Bernal Middle School Middle Regular 618 38 NA
Brennan High School High Regular 2,455 137 7

Herbert G. Boldt Elementary School

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

Bernal Middle School

  • Education Level: Middle
  • # of students: 618
  • # of teachers: 38
NA
GreatSchools Rating

Brennan High School

  • Education Level: High
  • # of students: 2,455
  • # of teachers: 137
7
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,181
Property Tax -$759
Property Insurance -$179
HOA -$30
Property Management Fees -$99
CASH FLOW
-$228

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.

$340,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.59%

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$900k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$727

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,019

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8503$2,0204$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 14011 Elounda San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.77
    •  
  • 1634 Desert Candle San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2015
    property image
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.69
    •  
  • 1630 Desert Candle San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2016
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 1601 Desert Candle San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2015
    property image
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.80
    •  
  • 13923 Tribeca San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 2017
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
PROPERTY LISTING DETAILS
Sheree Nelson
1.210.216.2221
Jb Goodwin, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1515318
Last Updated: 03/19/2021
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