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14443 Palomino Pl San Antonio, TX 78254

3 Beds 2 Baths 2,052 sqft Built 2017

$285,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

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
Henderson Elementary School Primary Regular 645 41 7
Folks Middle School Middle Regular 700 45 NA
Harlan High School High Regular NA

Henderson Elementary School

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 41
7
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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

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

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

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
$1,695
1$1,6952$1,7953$1,8704$1,8955$1,995
$1,995
RENT COMPS ANALYSIS
  • 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
Marilynn Espinoza
1.210.396.0295
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1497595
Last Updated: 12/02/2020
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