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14611 Wyoming Pass San Antonio, TX 78254

4 Beds 3 Baths 2,743 sqft Built 2007

INVESTimate

$255,000

List Price

$2,000

$1,800 - $2,200

Rent Est.

$264,945  ( +3.90%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $92.96
  • 6 Days on Market
  • MLS # : 1478477
  • Updated Date : 08/25/2020 at 22:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,743 sqft
  • Baths : 3 full
Listing Agent

Keller Williams City-view

Listing Agent's Description

Welcome to this Beautiful 2-Story, 4 Bedroom, 3 Full Bathroom Beauty in Kallison Ranch!**Meticulous Care Has Been Taken**Fresh Interior Paint Including Baseboards-2020**Fresh Exterior Paint-2020**New Carpet**New Microwave**Ceramic Tile Professionally Cleaned and Sealed-2020**Back Patio Cover Professionally Painted-2020**Art Niche and Arched Doorways**Neutral Colors**Shed in the Backyard is HOA Approved**Awesome Neighborhood Amenities**

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
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
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,800$2,200$2,000

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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 $2,000
EXPENSES Loan Payment -$941
Property Tax -$569
Property Insurance -$185
HOA -$50
Property Management Fees -$99
CASH FLOW
$156

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.

$255,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.78%

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$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$18,203

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,140

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,0754$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 14611 Wyoming Pass San Antonio, 2
    • 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.73
    •  
  • 8819 Belgian Falls San Antonio, 1
    • 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
    •  
  • 14527 Rawhide Way San Antonio, 3
    • 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
    •  
  • 8410 Western Way San Antonio, 4
    • 4 beds 3 baths ∙ 2,613 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,613 Sqft ∙ Built 2008
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.80
    •  
  • 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
Catherine Naiser
1.210.638.7701
Keller Williams City-view
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478477
Last Updated: 08/25/2020
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