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15318 Artesian Oaks St San Antonio, TX 78232

3 Beds 3 Baths 1,988 sqft Built 1979

$325,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $163.48
  • 4 Days on Market
  • MLS # : 1513364
  • Updated Date : 03/11/2021 at 16:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,988 sqft
  • Baths : 3 full
Listing Agent

Keller Williams City-view

Listing Agent's Description

This is the home you have all been waiting for! 3 Bedrooms, 3 FULL Baths, Inground Pool, 2 Living Spaces, NO Carpet, Corner Lot 1999 square feet. 2 car garage. This home WILL NOT LAST LONG. Preview your showing TODAY!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Lorrence Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $86k264k

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

Neighborhood: Lorrence Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8451747

* 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
Thousand Oaks Elementary School Primary Regular 812 46 6
Bradley Middle School Middle Regular 1,169 66 8
Macarthur High School High Regular 2,544 153 6

Thousand Oaks Elementary School

  • Education Level: Primary
  • # of students: 812
  • # of teachers: 46
6
GreatSchools Rating

Bradley Middle School

  • Education Level: Middle
  • # of students: 1,169
  • # of teachers: 66
8
GreatSchools Rating

Macarthur High School

  • Education Level: High
  • # of students: 2,544
  • # of teachers: 153
6
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,129
Property Tax -$726
Property Insurance -$142
Property Management Fees -$99
CASH FLOW
-$275

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.

$325,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$256

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,804

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,7003$1,7454$1,8205$2,050
$2,050
RENT COMPS ANALYSIS
  • 15318 Artesian Oaks St San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,988 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,988 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.92
    •  
  • 2023 Windy Trail San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1974
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.87
    •  
  • 13911 Dove Hollow Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1985
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 1903 Archway Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 1974
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.89
    •  
  • 2631 Chestnut Bend San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1993
    property image
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.94
    •  
PROPERTY LISTING DETAILS
Ernesto Losoya
1.210.387.8744
Keller Williams City-view
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1513364
Last Updated: 03/11/2021
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