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1808 W Gerald Ave San Antonio, TX 78211

3 Beds 2 Baths 1,500 sqft Built 2020

$208,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $138.67
  • 3 Days on Market
  • MLS # : 1500426
  • Updated Date : 12/19/2020 at 01:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,500 sqft
  • Baths : 2 full
Listing Agent

Uriah Real Estate Organization

Listing Agent's Description

Beautiful 2020 New Construction home in an established neighborhood close to IH-35 and South Park Mall. This home has gorgeous tile and flooring throughout the home. Granite counter tops in the kitchen with an Island and an open floor plan. Nearly 1500 sqft with 3 bedrooms and 2 baths. Don't miss out on this amazing home.

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: Central City

ZipNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200kPrice in $54k204k

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

Neighborhood: Central City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6491456

* 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
Collier Elementary School Primary Regular 535 30 3
A Leal Jr Middle School Middle Regular 804 58 4
Harlandale High School High Regular 1,958 143 3

Collier Elementary School

  • Education Level: Primary
  • # of students: 535
  • # of teachers: 30
3
GreatSchools Rating

A Leal Jr Middle School

  • Education Level: Middle
  • # of students: 804
  • # of teachers: 58
4
GreatSchools Rating

Harlandale High School

  • Education Level: High
  • # of students: 1,958
  • # of teachers: 143
3
GreatSchools Rating
 

$187,200$228,800$208,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$767
Property Tax -$464
Property Insurance -$114
Property Management Fees -$99
CASH FLOW
-$124

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$208,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 3.00%
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$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,120

INVESTMENT

$57,120

Down Payment
$52,000
Rehab Estimate
$2,000
Closing Costs
$3,120

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,000
Loan Amount $156,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$924

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,500

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,320
1$1,3202$1,400
$1,400
RENT COMPS ANALYSIS
  • 1808 W Gerald Ave San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.88
    •  
  • 426 Cantrell Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 2006
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.00
    •  
PROPERTY LISTING DETAILS
Javier Perez
1.210.273.2584
Uriah Real Estate Organization
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1500426
Last Updated: 12/19/2020
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