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1922 Francis Drake Windcrest, TX 78239

4 Beds 3 Baths 2,953 sqft Built 2006

$265,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $89.74
  • 5 Days on Market
  • MLS # : 1496924
  • Updated Date : 11/25/2020 at 19:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,953 sqft
  • Baths : 2 full , 1 half
Listing Agent

Creekview Realty

Listing Agent's Description

Lovely Windcrest home has been well maintained inside and out.Open kitchen featuring solid surface top, double oven, new cooktop and new overhead microwave. Recessed lighting and 42" raised panel cabinets w/ copper hardware. Master suite downstairs with backyard views. Master bath features a garden tub with separate shower and duel vanities. Generous master closet too. Custom window treatments and paint. New wood flooring in Master bedroom and Dining room. Large game/media room and three bedrooms upstairs. New Roof 2018 and Beautiful new Cedar fence 2020. Covered patio with brick pathway leading to shaded Pergola, great for entertaining. Suncast 7x7 storage room for your gardening equipment. Close to Randolph AFB and Fort Sam Houston

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: Windcrest

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $91k249k

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

Neighborhood: Windcrest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8661591

* 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
Windcrest Elementary School Primary Regular 665 45 3
White Middle School Middle Regular 875 67 4
Roosevelt High School High Regular 2,916 186 4

Windcrest Elementary School

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 45
3
GreatSchools Rating

White Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 67
4
GreatSchools Rating

Roosevelt High School

  • Education Level: High
  • # of students: 2,916
  • # of teachers: 186
4
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$978
Property Tax -$588
Property Insurance -$197
HOA -$13
Property Management Fees -$99
CASH FLOW
-$5

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.

$265,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 6.0%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$6,789

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,868

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8003$1,8704$2,0005$2,050
$2,050
RENT COMPS ANALYSIS
  • 1922 Francis Drake Windcrest, TX 3
    • 4 beds 3 baths ∙ 2,953 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,953 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.63
    •  
  • 9178 Wind Terrace San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,894 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,894 Sqft ∙ Built 2013
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.59
    •  
  • 1919 Ponce De Leon Windcrest, TX 2
    • 4 beds 2 baths ∙ 3,136 Sqft ∙ Built 2009 4 beds 2 baths ∙ 3,136 Sqft ∙ Built 2009
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.57
    •  
  • 1310 Rene La Salle Windcrest, TX 4
    • 4 beds 3 baths ∙ 2,953 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,953 Sqft ∙ Built 2005
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.68
    •  
  • 1206 Murray Winn Windcrest, TX 5
    • 4 beds 3 baths ∙ 2,953 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,953 Sqft ∙ Built 2006
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.69
    •  
PROPERTY LISTING DETAILS
John Prell
1.210.444.1233
Creekview Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1496924
Last Updated: 11/25/2020
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