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1711 Tarton Ln San Antonio, TX 78231

4 Beds 2 Baths 2,378 sqft Built 1978

INVESTimate

$324,000

List Price

$2,270

$2,043 - $2,497

Rent Est.

$338,580  ( +4.50%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $136.25
  • 6 Days on Market
  • MLS # : 1478628
  • Updated Date : 08/21/2020 at 21:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,378 sqft
  • Baths : 2 full
Listing Agent

Re/max Prime

Listing Agent's Description

Stunning traditional home in a central city location on over 1/3 acre lot backing to Hardberger Park! Mahogany double door w/ arched entry invites you inside the to the spacious foyer. Open, soaring ceilings, brick fireplace, walnut panelling and built-in cabinetry throughout the Family Rm. Wood flooring and natural light grace the formal Liv and Dining Rm. Island Kitchen with plenty of cabinetry storage, tons of granite countertops and Lg Pantry--Full mud room w/ freezer space too! Nestled at the back of the home, the Mstr Ste features high ceilings, wood floors, a HUGE walk-in shower and walk-in closet. French doors lead from the Mstr Ste to a private covered patio overlooking the park behind. 3 more spacious bedrooms features great closet space, a built-in desk, and a lovely updated bath. Vast overhead garage storage (plus 10'x9' "L" workbench area), plenty of off-street parking, and you can even PARK YOUR RV behind the driveway gate.

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: North San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $86k332k

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

Neighborhood: North San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8452175

* 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
Larkspur Elementary School Primary Regular 865 62 2
Eisenhower Middle School Middle Regular 1,162 68 5
Churchill High School High Regular 2,981 169 7

Larkspur Elementary School

  • Education Level: Primary
  • # of students: 865
  • # of teachers: 62
2
GreatSchools Rating

Eisenhower Middle School

  • Education Level: Middle
  • # of students: 1,162
  • # of teachers: 68
5
GreatSchools Rating

Churchill High School

  • Education Level: High
  • # of students: 2,981
  • # of teachers: 169
7
GreatSchools Rating
 

$291,600$356,400$324,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,195
Property Tax -$723
Property Insurance -$164
Property Management Fees -$99
CASH FLOW
$88

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.

$324,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 4.50%
Maintenance Year (1-5) 8.00%
Vacancy 9.32%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,610

INVESTMENT

$91,610

Down Payment
$81,000
Rehab Estimate
$5,750
Closing Costs
$4,860

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,000
Loan Amount $243,000
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$13,355

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,295

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,175
1$2,1752$2,2703$2,2754$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 1711 Tarton Ln San Antonio, 2
    • 4 beds 2 baths ∙ 2,378 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,378 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.95
    •  
  • 13415 Orchard Ridge Dr San Antonio, 1
    • 3 beds 3 baths ∙ 2,392 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,392 Sqft ∙ Built 1994
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.91
    •  
  • 2411 Enfield Grove Dr San Antonio, 3
    • 4 beds 2 baths ∙ 2,257 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,257 Sqft ∙ Built 1996
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $1.01
    •  
  • 13419 Orchard Ridge Dr San Antonio, 4
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1994
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.96
    •  
  • 2446 Enfield Grove Dr San Antonio, 5
    • 3 beds 3 baths ∙ 2,556 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,556 Sqft ∙ Built 1998
    LEASED 05/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jeremy Shaw
1.210.471.9495
Re/max Prime
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478628
Last Updated: 08/21/2020
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