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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $88.16
- 2 Days on Market
- MLS # : 1501109
- Updated Date : 12/26/2020 at 19:47
CONSTRUCTION
- Beds : 4
- Floor Size : 2,609 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Legacy
Listing Agent's Description
GREENBELT BEAUTY in coveted Westover Place. Original owner hates to let go of this home, but the new owner will benefit from all the recent updates. NEW 5 ton HVAC/Roof - 2014/updated hot water heater, and some fresh paint! As you enter, you'll find a flex space that can be used as office, dining, family, or media area. Kitchen is open floor plan that spills into family room with wood flooring. Master bedroom suite is massive, and even has DUAL WALK IN CLOSETS. Back yard is PARADISE with outdoor storage, Large tree providing shade as you BBQ.
SEE MORE
- 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: West San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$849 |
| Property Tax | -$513 | |
| Property Insurance | -$178 | |
| HOA | -$13 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$138
|
||
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.
$230,000
PROJECTED PRICE
$1,790
PROJECTED RENT
0.78%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,700
LOAN DETAILS
$849
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,500 |
| Loan Amount | $172,500 |
5.5
YEARS SAVED
$16,553
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$1,787
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
-
1722 Rebeccas Trail San Antonio, TX 3
- 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,790
- $0.69
-
1018 Dakota Pass San Antonio, TX 1
- 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2004
LEASED 01/06/20- Rent
- Rent Per SQFT
- $1,625
- $0.67
-
1818 Mountain Star San Antonio, TX 2
- 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2004
LEASED 04/04/20- Rent
- Rent Per SQFT
- $1,725
- $0.66
-
9034 Broadmoor Bend San Antonio, TX 4
- 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2005
LEASED 07/20/20- Rent
- Rent Per SQFT
- $1,850
- $0.70
-
9715 Keystone Cove San Antonio, TX 5
- 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 2004
LEASED 01/10/20- Rent
- Rent Per SQFT
- $1,895
- $0.71
PROPERTY LISTING DETAILS
1.210.482.3298
Keller Williams Legacy
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1501109
Last Updated: 12/26/2020
