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1617 Desert Candle San Antonio, TX 78245

3 Beds 3 Baths 2,332 sqft Built 2015

INVESTimate

$264,900

List Price

$1,790

$1,611 - $1,969

Rent Est.

$275,231  ( +3.90%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $113.59
  • 7 Days on Market
  • MLS # : 1478318
  • Updated Date : 08/20/2020 at 21:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,332 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max North-san Antonio

Listing Agent's Description

Welcome home! This lovely 3 bdrm/2.5 bath home, in the desirable neighborhood of Arcadia Ridge, is the one! No carpet!! Home showcases ceramic tile & vinyl plank flooring throughout. Open concept floor plan in kitchen & living areas. Kitchen boasts stainless steel appliances, gleaming granite counter-tops, & double oven stove w/gas cooktop. Separate office situated on first floor. Upstairs, you will find a generous master suite w/full bath featuring dual vanities, garden tub, & shower, an oversized family room, & 2 addtl bedrooms. Bedrooms feature perfect sized closets & ceiling fans. Enjoy evening BBQs on your sizable covered patio. Refrigerator & water softener convey. Schedule your showing today!

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: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Herbert G. Boldt Elementary School Primary Regular NA
Bernal Middle School Middle Regular 618 38 NA
Brennan High School High Regular 2,455 137 7

Herbert G. Boldt Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Bernal Middle School

  • Education Level: Middle
  • # of students: 618
  • # of teachers: 38
NA
GreatSchools Rating

Brennan High School

  • Education Level: High
  • # of students: 2,455
  • # of teachers: 137
7
GreatSchools Rating
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$977
Property Tax -$591
Property Insurance -$162
HOA -$120
Property Management Fees -$99
CASH FLOW
-$159

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.

$264,900

PROJECTED PRICE

$1,790

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.90%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$994

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,790

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,7903$1,8004$1,8255$1,850
$1,850
RENT COMPS ANALYSIS
  • 1617 Desert Candle San Antonio, 2
    • 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.77
    •  
  • 1418 Kedros San Antonio, 1
    • 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2016
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.76
    •  
  • 1451 Kedros San Antonio, 3
    • 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2017
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.77
    •  
  • 1447 Kedros San Antonio, 4
    • 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2017
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.78
    •  
  • 1630 Desert Candle San Antonio, 5
    • 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2016
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
PROPERTY LISTING DETAILS
April Rosado
1.210.818.8367
Re/max North-san Antonio
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478318
Last Updated: 08/20/2020
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