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168 Katherine Way San Antonio, TX 78253

3 Beds 2 Baths 1,673 sqft Built 2011

$236,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $141.06
  • 4 Days on Market
  • MLS # : 1503877
  • Updated Date : 01/16/2021 at 23:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,673 sqft
  • Baths : 2 full
Listing Agent

Phillips & Associates Realty

Listing Agent's Description

Open house 17 January 11-2. Cozy three bedroom, two bath home features a study w/french doors, upgraded tile & cabinets in kitchen & bathrooms. Fresh paint, and new laminate floors in living, secondary bedroom & master retreat! Open concept kitchen w/large cabinets & storage, an island w/seating, plus eat-in dining. Master retreat boasts a nicely sized bathroom w/double vanity & a walk-in closet. Extended deck in backyard is a great entertaining space! Great neighborhood amenities include walking/biking trails, children/adult pools, community/fitness centers, tennis courts, close to shopping/restaurants, Loop 1604, SH 211, HWY 90 & JBSA-Lackland.

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

Zip Code: 78253

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $86k290k

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

Zip Code: 78253

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8451847

* 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
Potranco Elementary School Primary Regular 807 44 8
Medina Valley Middle School Middle Regular 976 58 5
Medina Valley High School High Regular 1,159 67 6

Potranco Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 44
8
GreatSchools Rating

Medina Valley Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 58
5
GreatSchools Rating

Medina Valley High School

  • Education Level: High
  • # of students: 1,159
  • # of teachers: 67
6
GreatSchools Rating
 

$212,400$259,600$236,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$820
Property Tax -$435
Property Insurance -$124
HOA -$44
Property Management Fees -$99
CASH FLOW
$129

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.

$236,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 2.4%
Maintenance Year (1-5) 8.00%
Vacancy 9.32%
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$68,290

INVESTMENT

$68,290

Down Payment
$59,000
Rehab Estimate
$5,750
Closing Costs
$3,540

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$820

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,000
Loan Amount $177,000
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$12,832

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,644

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5753$1,5954$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 168 Katherine Way San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 179 Gemsbok Gate San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 2014
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 174 Elisabeth Run San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2015
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.99
    •  
  • 262 Perch Manor San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2007
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.01
    •  
  • 266 Perch Manor San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2007
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
PROPERTY LISTING DETAILS
Gretchen Barton
1.210.867.1839
Phillips & Associates Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1503877
Last Updated: 01/16/2021
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