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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $138.89
- 6 Days on Market
- MLS # : 1497595
- Updated Date : 12/02/2020 at 06:08
CONSTRUCTION
- Beds : 3
- Floor Size : 2,052 sqft
- Baths : 2 full
Listing Agent
Exp Realty Llc
Listing Agent's Description
Welcome to Kallison Ranch! This Beautifully kept 3 bedroom/2 bath with loft space, is great for entertaining! Quiet Country living minutes from Alamo Ranch shopping centers and Medina Lake. You will fall in love with this home and community! High ceilings and ceramic tile throughout. Granite countertops, 42" cabinets, stainless steel appliances, water softener, tankless waterheater and irrigation systems all around. Schedule a tour today, this home will not last!
SEE MORE
- 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)
- 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).
PRICE & RENT TRENDS
Neighborhood: West San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,052 |
| Property Tax | -$655 | |
| Property Insurance | -$145 | |
| HOA | -$40 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$121
|
||
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.
$285,000
PROJECTED PRICE
$1,870
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
1.33
YEARS SAVED
$2,596
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,913
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
14443 Palomino Pl San Antonio, TX 3
- 3 beds 2 baths ∙ 2,052 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,052 Sqft ∙ Built 2017
![property image]()
- Rent
- Rent Per SQFT
- $1,870
- $0.91
-
8423 Western Way San Antonio, TX 1
- 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2008
![property image]()
LEASED 10/27/20- Rent
- Rent Per SQFT
- $1,695
- $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
-
8538 Winchester Way San Antonio, TX 4
- 4 beds 2 baths ∙ 1,989 Sqft ∙ Built 2011 4 beds 2 baths ∙ 1,989 Sqft ∙ Built 2011
![property image]()
LEASED 09/09/20- Rent
- Rent Per SQFT
- $1,895
- $0.95
-
14811 Flint Glen San Antonio, TX 5
- 4 beds 3 baths ∙ 2,149 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,149 Sqft ∙ Built 2019
![property image]()
LEASED 01/11/20- Rent
- Rent Per SQFT
- $1,995
- $0.93
PROPERTY LISTING DETAILS
1.210.396.0295
Exp Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1497595
Last Updated: 12/02/2020
