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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Spring Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,085
LOAN DETAILS
$882
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,750 |
| Loan Amount | $179,250 |
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
-
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
1.210.564.5410
Premier Realty Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1497178
Last Updated: 11/28/2020
