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14927 River Wind San Antonio, TX 78233

3 Beds 3 Baths 1,529 sqft Built 1985

$170,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $111.18
  • 4 Days on Market
  • MLS # : 1494837
  • Updated Date : 11/13/2020 at 01:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,529 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Heritage

Listing Agent's Description

Great buy, home is priced below tax appraisal!! In need of some TLC, this home has very good bones and with it being priced below tax appraisal you will have equity in the home to make your own improvements. This property is being sold as-is. Refrigerator does convey with the home.

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: North San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k290k

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

Neighborhood: North San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8452175

* 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
 

$153,000$187,000$170,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$627
Property Tax -$380
Property Insurance -$115
Property Management Fees -$99
CASH FLOW
$209

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.

$170,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.84%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 9.32%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,800

INVESTMENT

$50,800

Down Payment
$42,500
Rehab Estimate
$5,750
Closing Costs
$2,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,500
Loan Amount $127,500
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$20,830

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,426

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3253$1,3754$1,3955$1,430
$1,430
RENT COMPS ANALYSIS
  • 14927 River Wind San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,529 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,529 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.94
    •  
  • 6411 Ridge Creek Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1976
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.94
    •  
  • 6210 Spotters Ridge San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2004
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.86
    •  
  • 6414 Ridge Pass Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1976
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.96
    •  
  • 6318 Ridge Pass Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1976
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.97
    •  
PROPERTY LISTING DETAILS
Karen Trueblood
1.210.834.7073
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1494837
Last Updated: 11/13/2020
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