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15311 Spring Rock San Antonio, TX 78247

3 Beds 2 Baths 2,196 sqft Built 2001

$239,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $108.83
  • 2 Days on Market
  • MLS # : 1497178
  • Updated Date : 11/28/2020 at 21:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,196 sqft
  • Baths : 2 full
Listing Agent

Premier Realty Group

Listing Agent's Description

Charming and spacious 3 bedroom 2 bath with office/study, backs up to a beautiful greenbelt located in the heart of Northeast San Antonio! This beautiful home has ceramic tile floors and tiled entries, open floor plan and an island kitchen. It also features a nicely manicured yard and limited access gates at the entrance of the community. High ceilings with crown moldings in living and dining areas. Garden tub and separate shower in master bath. Just minutes from neighborhood HEB grocery store and new shopping center! Asking price has foundation repairs taken in consideration. Engineers report, sellers disclosure and estimate for repairs is attached in documents.

SEE MORE

MARKET HIGHLIGHTS

  • 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).
  • 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)

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
 

$215,100$262,900$239,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$882
Property Tax -$631
Property Insurance -$154
HOA -$17
Property Management Fees -$99
CASH FLOW
-$142

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.

$239,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.69%

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$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$69,085

INVESTMENT

$69,085

Down Payment
$59,750
Rehab Estimate
$5,750
Closing Costs
$3,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,750
Loan Amount $179,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$918

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,658

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,515
1$1,5152$1,6003$1,6404$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 15311 Spring Rock San Antonio, TX 3
    • 3 beds 2 baths ∙ 2,196 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,196 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.75
    •  
  • 5546 Spring Day San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,016 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,016 Sqft ∙ Built 2006
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,515
    • $0.75
    •  
  • 5110 Stormy Autumn San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,036 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,036 Sqft ∙ Built 1999
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.79
    •  
  • 5302 Stormy Skies San Antonio, TX 4
    • 3 beds 2 baths ∙ 2,277 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,277 Sqft ∙ Built 2003
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.72
    •  
  • 14507 Sacred San Antonio, TX 5
    • 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 2007
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.76
    •  
PROPERTY LISTING DETAILS
Alberto Guzman
1.210.564.5410
Premier Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1497178
Last Updated: 11/28/2020
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