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14202 Ridge Dale Dr San Antonio, TX 78233

3 Beds 2 Baths 1,354 sqft Built 1977

INVESTimate

$198,000

List Price

$1,290

$1,161 - $1,419

Rent Est.

$216,434  ( +9.31%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $146.23
  • 8 Days on Market
  • MLS # : 1478221
  • Updated Date : 08/21/2020 at 15:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,354 sqft
  • Baths : 2 full
Listing Agent

Home Team Of America

Listing Agent's Description

Nice Larger Corner Lot Home, with Mature Trees NICE & CLEAN Ready for Move In. Bring your first time buyers to this Beautiful Home. Remodeled Kitchen with Granite counter tops & Fresh paint on Kitchen Cabinets, with a Nice & clean & Spacious 2 Car Garage, With a Nice Corner Fire Place, Nice Back Yard with Plenty Mature trees to Enjoy the afternoons & perfect for pets. Master Bedroom is Spacious with a nice siting area for small coffee table. New Appliances Stove & Dishwasher Home Located on the NE San Antonio, 5 Minutes from New IKEA Store.

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: Greenridge North

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Greenridge North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Fox Run Elementary School Primary Regular 834 52 8
Wood Middle School Middle Regular 1,042 65 4
Madison High School High Regular 3,364 190 5

Fox Run Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 52
8
GreatSchools Rating

Wood Middle School

  • Education Level: Middle
  • # of students: 1,042
  • # of teachers: 65
4
GreatSchools Rating

Madison High School

  • Education Level: High
  • # of students: 3,364
  • # of teachers: 190
5
GreatSchools Rating
 

$178,200$217,800$198,000

PURCHASE PRICE

$1,161$1,419$1,290

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

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 $1,290
EXPENSES Loan Payment -$731
Property Tax -$442
Property Insurance -$105
Property Management Fees -$99
CASH FLOW
-$87

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$198,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 9.31%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,220

INVESTMENT

$58,220

Down Payment
$49,500
Rehab Estimate
$5,750
Closing Costs
$2,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$731

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,500
Loan Amount $148,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,708

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,283

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2903$1,2954$1,3505$1,395
$1,395
RENT COMPS ANALYSIS
  • 14202 Ridge Dale Dr San Antonio, 2
    • 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.95
    •  
  • 6411 Ridge Creek Dr San Antonio, 1
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1976
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.94
    •  
  • 14103 Ridge Meadow Dr San Antonio, 3
    • 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1976
    property image
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.96
    •  
  • 6518 Ridge Willow Dr San Antonio, 4
    • 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1980
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.92
    •  
  • 6318 Ridge Pass Dr San Antonio, 5
    • 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1976
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jorge Calleros
1.210.391.3470
Home Team Of America
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478221
Last Updated: 08/21/2020
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