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1707 Finland Palm San Antonio, TX 78251

3 Beds 2 Baths 2,083 sqft Built 2015

$255,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $122.42
  • 2 Days on Market
  • MLS # : 1497177
  • Updated Date : 11/28/2020 at 21:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,083 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty Llc

Listing Agent's Description

BEAUTIFUL single story home with numerous upgrades and special features. Located in desirable neighborhood that is an OASIS In The City! Master bedroom features upgraded bay window, double shower, granite countertops and *TWO closets*. Kitchen has upgraded cabinets, LARGE ISLAND with sparkling granite and hands free faucet. HUGE laundry room big enough for extra fridge or freezer. PRIVATE backyard on a *true greenbelt*! Backyard awning included in sale. SOARING ceilings! Bonus space for an office and eat in kitchen plus dining room! Easy access to Loop 410, 1604 and Hwy 151!

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
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$941
Property Tax -$569
Property Insurance -$147
HOA -$38
Property Management Fees -$99
CASH FLOW
-$135

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.

$255,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.65%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,679

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,666

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,660
1$1,6602$1,6953$1,7004$1,7255$1,795
$1,795
RENT COMPS ANALYSIS
  • 1707 Finland Palm San Antonio, TX 1
    • 3 beds 2 baths ∙ 2,083 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,083 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.80
    •  
  • 2330 Elva Frst San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 2011
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
  • 2207 Petseri Park San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 2010
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.78
    •  
  • 2207 Muuga Manor San Antonio, TX 4
    • 3 beds 3 baths ∙ 2,063 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,063 Sqft ∙ Built 2013
    property image
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.84
    •  
  • 1615 Finland Palm San Antonio, TX 5
    • 3 beds 3 baths ∙ 2,235 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,235 Sqft ∙ Built 2014
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.80
    •  
PROPERTY LISTING DETAILS
Valerie Alexander
1.210.672.7766
Fathom Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1497177
Last Updated: 11/28/2020
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