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1618 Richland Hills Dr San Antonio, TX 78251

4 Beds 3 Baths 2,853 sqft Built 1994

$228,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $79.92
  • 2 Days on Market
  • MLS # : 1497200
  • Updated Date : 11/28/2020 at 22:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,853 sqft
  • Baths : 2 full , 1 half
Listing Agent

Texas Premier Realty

Listing Agent's Description

This one is worth the look!! - You will love the huge room sizes of this spacious 2-story 4/2.5 home in Timber Ridge. Close to JBSA Lackland, HWY 151 (SeaWorld), near shopping and restaurants and all points West. . Living and Dining, plus Family room with kitchen are all down and flow together. Enjoy the large kitchen, lots of cabinets, large pantry/laundry room combo, Large backyard covered patio. Clean and move-in ready.

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: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $86k213k

* 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
Evers Elementary School Primary Regular 1,002 58 6
Jordan Middle School Middle Regular 1,353 78 5
Warren High School High Regular 3,052 176 7

Evers Elementary School

  • Education Level: Primary
  • # of students: 1,002
  • # of teachers: 58
6
GreatSchools Rating

Jordan Middle School

  • Education Level: Middle
  • # of students: 1,353
  • # of teachers: 78
5
GreatSchools Rating

Warren High School

  • Education Level: High
  • # of students: 3,052
  • # of teachers: 176
7
GreatSchools Rating
 

$205,200$250,800$228,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$841
Property Tax -$509
Property Insurance -$192
Property Management Fees -$99
CASH FLOW
$109

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.

$228,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,170

INVESTMENT

$66,170

Down Payment
$57,000
Rehab Estimate
$5,750
Closing Costs
$3,420

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,000
Loan Amount $171,000
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$13,921

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,912

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7503$1,8504$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 1618 Richland Hills Dr San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,853 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,853 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.61
    •  
  • 2511 Turquoise Way San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 2002
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.57
    •  
  • 9507 Rio Frio San Antonio, TX 3
    • 4 beds 2 baths ∙ 2,656 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,656 Sqft ∙ Built 2000
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.70
    •  
  • 8614 Jogeva Way San Antonio, TX 4
    • 4 beds 4 baths ∙ 2,785 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,785 Sqft ∙ Built 2009
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.70
    •  
  • 9514 Bertram St San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 2000
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.71
    •  
PROPERTY LISTING DETAILS
Jason Cade
1.210.372.2235
Texas Premier Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1497200
Last Updated: 11/28/2020
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