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1706 Sanco San Antonio, TX 78214

3 Beds 2 Baths 1,048 sqft Built 2001

$148,500

List Price

$1,040

$936 - $1.1K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $141.70
  • 6 Days on Market
  • MLS # : 1492957
  • Updated Date : 11/03/2020 at 19:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,048 sqft
  • Baths : 2 full
Listing Agent

Lifetime Real Estate Srv, Llc

Listing Agent's Description

Home ready for move in so come see it today! Improvements just added include all new flooring, fresh interior and exterior paint, new low flow toilets, new vanities & faucets and new ceiling fans. The beautiful laminate wood flooring compliments this home and was installed in all living areas and new carpet in the bedrooms. This great home includes 3 bedrooms, 2 full baths, living area, breakfast area, breakfast bar, and a kitchen with plenty of cabinets.The central heat and air is a plus and a must in our south Texas weather. The yard is completely fenced in, includes an oversized driveway for plenty of parking off the street and it is conveniently located just off of 410 and offers quick access to major highways. Don't wait! Come see it 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: Villa Coronado

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200kPrice in $57k204k

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

Neighborhood: Villa Coronado

NeighborhoodNIR Market*CityMarket2010Year20002019 Q250060070080090010001100120013001400Rent in $4971456

* 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
Southside High School High Regular 1,432 104 3

Southside High School

  • Education Level: High
  • # of students: 1,432
  • # of teachers: 104
3
GreatSchools Rating
 

$133,650$163,350$148,500

PURCHASE PRICE

$936$1,144$1,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,040
EXPENSES Loan Payment -$548
Property Tax -$332
Property Insurance -$88
Property Management Fees -$99
CASH FLOW
-$26

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$148,500

PROJECTED PRICE

$1,040

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,103

INVESTMENT

$45,103

Down Payment
$37,125
Rehab Estimate
$5,750
Closing Costs
$2,228

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$548

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $37,125
Loan Amount $111,375
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$2,726

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,040

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,041

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,040
1$1,0402$1,3003$1,3004$1,325
$1,325
RENT COMPS ANALYSIS
  • 1706 Sanco San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,048 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,048 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,040
    • $0.99
    •  
  • 1107 Galapagos San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 2018
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.96
    •  
  • 2211 Mission Glory San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,318 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,318 Sqft ∙ Built 2004
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.99
    •  
  • 3115 Pedernales Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 2004
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.03
    •  
PROPERTY LISTING DETAILS
Anna Hernandez
1.210.363.1814
Lifetime Real Estate Srv, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492957
Last Updated: 11/03/2020
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