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14019 Joplin Terrace San Antonio, TX 78254

5 Beds 3 Baths 2,537 sqft Built 2016

INVESTimate

$254,900

List Price

$1,860

$1,674 - $2,046

Rent Est.

$264,841  ( +3.90%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $100.47
  • 7 Days on Market
  • MLS # : 1478276
  • Updated Date : 08/20/2020 at 19:59
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,537 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Legacy

Listing Agent's Description

This *Like New*Valley Ranch* 2016 Express home is vacant, clean and ready for the new homeowner!!! Sitting on a *GREENBELT* with a vacant lot on one side, large family home with 2537 sq ft, 5 BR, 2.5 Baths, Master BR downstairs and the 4 bedrooms upstairs with second living and full bath. Open Kitchen concept *Granite counters*Water softener*Reverse osmosis*Air purifier*Covered Patio*and half bath downstairs for all of your guests.Walking distance to elementary and with the highly desirable Harlan High School right around the corner! Amenities Galore, to include*A Pool*Pond*Tennis courts*Basketball*Jogging Trails.* Priced To Sell and a move in Ready home! Schedule your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • The metro contributes to 7.2 percent of Texas state economy i.e. Gross State Product (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
 

$229,410$280,390$254,900

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$940
Property Tax -$569
Property Insurance -$173
HOA -$63
Property Management Fees -$99
CASH FLOW
$16

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.

$254,900

PROJECTED PRICE

$1,860

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.90%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,299

INVESTMENT

$73,299

Down Payment
$63,725
Rehab Estimate
$5,750
Closing Costs
$3,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$940

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,725
Loan Amount $191,175
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$7,289

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,947

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,860
1$1,8602$1,9953$2,0004$2,0755$2,100
$2,100
RENT COMPS ANALYSIS
  • 14019 Joplin Terrace San Antonio, 1
    • 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.73
    •  
  • 8819 Belgian Falls San Antonio, 2
    • 5 beds 4 baths ∙ 2,680 Sqft ∙ Built 2016 5 beds 4 baths ∙ 2,680 Sqft ∙ Built 2016
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.74
    •  
  • 8939 Hickman Park San Antonio, 3
    • 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
    •  
  • 14527 Rawhide Way San Antonio, 4
    • 4 beds 4 baths ∙ 2,694 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,694 Sqft ∙ Built 2016
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.77
    •  
  • 8209 Limerick Falls San Antonio, 5
    • 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2016
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.81
    •  
PROPERTY LISTING DETAILS
Majesta Suarez
1.210.776.4761
Keller Williams Legacy
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478276
Last Updated: 08/20/2020
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