Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1522 Tarton Ln San Antonio, TX 78231

3 Beds 2 Baths 2,185 sqft Built 1983

$329,900

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $150.98
  • 3 Days on Market
  • MLS # : 1493667
  • Updated Date : 11/06/2020 at 19:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,185 sqft
  • Baths : 2 full
Listing Agent

Vortex Realty

Listing Agent's Description

Almost a half acre lot! Home shows beautifully - Large remodeled kitchen with white cabinetry with built-in Stainless Steel Appliances, Granite counter tops, Marble Mosaic Backsplash and plenty of workspace. Living room features a floor to ceiling brick fireplace and laminate floors throughout. Master bath has been updated with a 10' wide walk-in shower with rain shower head, sprayer and bench. Large screened in Florida Room perfect for drinking coffee and watching the sunset. Backyard is completely fenced with double gates for easy access for parking a boat, RV etc. Small quaint neighborhood and Northside ISD Schools. Easy access to Wurzbach Parkway and Hwy 281. Only 10 minutes to the airport and 20 minutes to Downtown.

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 Castle Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $86k364k

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

Neighborhood: North Castle Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $8452414

* 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
Larkspur Elementary School Primary Regular 865 62 2
Eisenhower Middle School Middle Regular 1,162 68 5
Churchill High School High Regular 2,981 169 7

Larkspur Elementary School

  • Education Level: Primary
  • # of students: 865
  • # of teachers: 62
2
GreatSchools Rating

Eisenhower Middle School

  • Education Level: Middle
  • # of students: 1,162
  • # of teachers: 68
5
GreatSchools Rating

Churchill High School

  • Education Level: High
  • # of students: 2,981
  • # of teachers: 169
7
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,217
Property Tax -$736
Property Insurance -$153
Property Management Fees -$99
CASH FLOW
$84

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.

$329,900

PROJECTED PRICE

$2,290

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 4.9%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$15,906

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,141

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,175
1$2,1752$2,2003$2,2754$2,2905$2,400
$2,400
RENT COMPS ANALYSIS
  • 1522 Tarton Ln San Antonio, TX 4
    • 3 beds 2 baths ∙ 2,185 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,185 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $1.05
    •  
  • 13415 Orchard Ridge Dr San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,392 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,392 Sqft ∙ Built 1994
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.91
    •  
  • 11347 Baltic St San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,117 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,117 Sqft ∙ Built 1995
    property image
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.04
    •  
  • 2411 Enfield Grove Dr San Antonio, TX 3
    • 4 beds 2 baths ∙ 2,257 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,257 Sqft ∙ Built 1996
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $1.01
    •  
  • 13419 Orchard Ridge Dr San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1994
    property image
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.96
    •  
PROPERTY LISTING DETAILS
J. Daniel Gaitan
1.210.846.5282
Vortex Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1493667
Last Updated: 11/06/2020
BESbswy