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15210 Kamary Ln San Antonio, TX 78247

3 Beds 2 Baths 1,564 sqft Built 1997

$219,900

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $140.60
  • 7 Days on Market
  • MLS # : 1499636
  • Updated Date : 12/18/2020 at 17:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,564 sqft
  • Baths : 2 full
Listing Agent

Dillingham & Toone Real Estate

Listing Agent's Description

Beautifully updated open concept home offered Owner Finance! Brand new everything, including but not limited to, stainless appliances, paint, flooring, light fixtures/ceiling fans, doors, blinds, quartz countertops in the kitchen, and new bathroom vanities. Primary bath boasts a custom walk in-shower with tile accents, a double vanity, and walk-in closet. Two eating areas, a formal dining room and breakfast area. Enjoy relaxing on the expansive deck in the backyard! Over $50K in updates! Don't miss this opportunity, it won't last long!

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: Spring Creek

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Spring Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8451472

* 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
Stahl Elementary School Primary Regular 1,004 59 3
Harris Middle School Middle Regular 1,338 76 6
Madison High School High Regular 3,364 190 5

Stahl Elementary School

  • Education Level: Primary
  • # of students: 1,004
  • # of teachers: 59
3
GreatSchools Rating

Harris Middle School

  • Education Level: Middle
  • # of students: 1,338
  • # of teachers: 76
6
GreatSchools Rating

Madison High School

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

$197,910$241,890$219,900

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$811
Property Tax -$491
Property Insurance -$117
Property Management Fees -$99
CASH FLOW
-$69

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.

$219,900

PROJECTED PRICE

$1,450

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$3,204

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,329

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,4004$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 15210 Kamary Ln San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.93
    •  
  • 5406 Stormy Skies San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 2002
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.83
    •  
  • 5714 Pine Country St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 1978
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.80
    •  
  • 5542 Spring Day San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 2003
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.87
    •  
  • 5535 Christina Path San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,609 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,609 Sqft ∙ Built 2006
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
PROPERTY LISTING DETAILS
Cynthia Quillian
1.210.883.8572
Dillingham & Toone Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1499636
Last Updated: 12/18/2020
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