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16622 Fort Oswego St San Antonio, TX 78247

3 Beds 2 Baths 1,691 sqft Built 1975

$200,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $118.27
  • 4 Days on Market
  • MLS # : 1499116
  • Updated Date : 12/10/2020 at 22:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,691 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Not only is this lovely house waiting for you to call it home, but it's also in one of the most sought after zip codes in the city! This beautiful home features an open floorplan and high ceilings in the main living area. From the kitchen, you can clearly see and talk to your guests in the living room and dining room. Large windows and glass doors give you a great view of your backyard while allowing plenty of natural light to come into your home. The front dining room hosts a wall of windows with beautiful plantation-type shutters that add that special elegance and formality. Fully open the shutters for a nice airy feel, or close them tightly to allow for less sunlight and more privacy. The interior of the house has been fully repainted and each of the bedrooms has recently had new carpeting installed. Safely house two of your vehicles in the 2-car garage, plus two more in the driveway - not to mention plenty of street parking. The backyard hosts a large concrete patio and an even larger yard with mature trees that provide shade for you to play and create your own outdoor living space. Come check it out today! Refrigerator does not convey.

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: Fox Run

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $86k220k

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

Neighborhood: Fox Run

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8451543

* 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
Fox Run Elementary School Primary Regular 834 52 8
Wood Middle School Middle Regular 1,042 65 4
Madison High School High Regular 3,364 190 5

Fox Run Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 52
8
GreatSchools Rating

Wood Middle School

  • Education Level: Middle
  • # of students: 1,042
  • # of teachers: 65
4
GreatSchools Rating

Madison High School

  • Education Level: High
  • # of students: 3,364
  • # of teachers: 190
5
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$738
Property Tax -$457
Property Insurance -$125
Property Management Fees -$99
CASH FLOW
$71

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.

$200,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 6.2%
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

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$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$10,669

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,492

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4753$1,4904$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 16622 Fort Oswego St San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.88
    •  
  • 16811 Vista Bluff Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1986
    property image
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.90
    •  
  • 5915 Brambletree St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1984
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.84
    •  
  • 16718 Fort Oswego St San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1975
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.84
    •  
  • 5826 Kissing Oak St San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1981
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
PROPERTY LISTING DETAILS
Marc Longoria
1.210.262.7815
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1499116
Last Updated: 12/10/2020
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