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1850 Pipestone Dr San Antonio, TX 78232

4 Beds 3 Baths 1,976 sqft Built 1994

$310,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $156.88
  • 4 Days on Market
  • MLS # : 1512389
  • Updated Date : 03/05/2021 at 03:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,976 sqft
  • Baths : 2 full , 1 half
Listing Agent

Becker Properties, Llc

Listing Agent's Description

Come tour this updated 4 bedroom 2.5 bath home tucked away in the quiet neighborhood of Kentwood Manor, Just inside 1604 with direct access to 281. Hand scraped hard wood floors cover the main living area and master suite. The kitchen Boasts white fresh white cabinets paired tastefully with a light granite countertop and subway tile backsplash. New light fixtures throughout the home and carpet upstairs is less than a year old. The master suite is conveniently located downstairs with his and hers closets and an additional closet for extra storage or maybe a bathroom expansion. Floor to ceiling tile in the shower with a rainfall shower fixture makes for a relaxing ensuite. Upstairs are three auxiliary bedrooms with a centrally located bathroom for easy access for everyone.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Kentwood Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $86k289k

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

Neighborhood: Kentwood Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8451729

* 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
Thousand Oaks Elementary School Primary Regular 812 46 6
Bradley Middle School Middle Regular 1,169 66 8
Macarthur High School High Regular 2,544 153 6

Thousand Oaks Elementary School

  • Education Level: Primary
  • # of students: 812
  • # of teachers: 46
6
GreatSchools Rating

Bradley Middle School

  • Education Level: Middle
  • # of students: 1,169
  • # of teachers: 66
8
GreatSchools Rating

Macarthur High School

  • Education Level: High
  • # of students: 2,544
  • # of teachers: 153
6
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,077
Property Tax -$692
Property Insurance -$141
Property Management Fees -$99
CASH FLOW
-$79

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.

$310,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 6.1%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$3,822

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,981

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,6503$1,7954$1,9305$2,200
$2,200
RENT COMPS ANALYSIS
  • 1850 Pipestone Dr San Antonio, TX 4
    • 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.98
    •  
  • 2427 Canyon Rim San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,665 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,665 Sqft ∙ Built 1986
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.95
    •  
  • 16579 Canyon Cross San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,654 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,654 Sqft ∙ Built 1986
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 15510 Creekside Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 1976
    LEASED 09/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.00
    •  
  • 1827 Poppy Peak St San Antonio, TX 5
    • 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 2012
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.06
    •  
PROPERTY LISTING DETAILS
Jack Krudwig
1.210.845.8307
Becker Properties, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1512389
Last Updated: 03/05/2021
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