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14043 Cremello Falls San Antonio, TX 78254

4 Beds 2 Baths 1,904 sqft Built 2017

$265,900

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $139.65
  • 2 Days on Market
  • MLS # : 1515407
  • Updated Date : 03/20/2021 at 05:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,904 sqft
  • Baths : 2 full
Listing Agent

Redbird Realty Llc

Listing Agent's Description

Come see this charming open floor plan, single story, 4 bedroom, 2 bath, 2 car garage home with an extended back patio. This home is located in one of San Antonio's top rated communities. The incredible amenities included in this lovely neighborhood are two swimming pools, a park with splash pad, tennis courts, basketball courts, walking trail, fishing pier, and a gym.

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*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 Unknown NA
Harlan High School High Unknown NA

Kallison Elementary School

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

$239,310$292,490$265,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$924
Property Tax -$594
Property Insurance -$137
HOA -$63
Property Management Fees -$99
CASH FLOW
-$76

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.

$265,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.65%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,214

INVESTMENT

$76,214

Down Payment
$66,475
Rehab Estimate
$5,750
Closing Costs
$3,989

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$924

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,475
Loan Amount $199,425
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,585

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,856

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,7953$1,8754$1,8755$1,895
$1,895
RENT COMPS ANALYSIS
  • 14043 Cremello Falls San Antonio, TX 1
    • 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.91
    •  
  • 14019 Cremello Falls San Antonio, TX 2
    • 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2017
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.94
    •  
  • 8748 Ironwood Hill San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2017
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.98
    •  
  • 14050 Cremello Falls San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2017
    property image
    LEASED 03/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.98
    •  
  • 9015 Washburn Ct San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2015
    property image
    LEASED 02/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.00
    •  
PROPERTY LISTING DETAILS
Mariela Luna
Redbird Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1515407
Last Updated: 03/20/2021
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