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193 Finch Knoll San Antonio, TX 78253

3 Beds 3 Baths 1,615 sqft Built 2012

$235,200

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $145.63
  • 2 Days on Market
  • MLS # : 1503153
  • Updated Date : 01/09/2021 at 19:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,615 sqft
  • Baths : 2 full , 1 half
Listing Agent

Levi Rodgers Real Estate Group

Listing Agent's Description

This beautiful 2 story home in the Redbird Ranch community comes complete with 2 living areas, 2 eating areas, and a downstairs primary bedroom and full bath. You will be greeted with high soaring ceilings, an alluring catwalk, and plenty of large windows for an abundance of natural lighting! Enjoy the upstairs sizeable secondary bedrooms and an oversized game room which can easily convert into a family room, home gym, or media room! The spacious back covered patio overlooks a vast private yard, perfect for entertaining family and friends! New owners will love the convenience of a nearby neighborhood pool, clubhouse, sports courts, jogging trails, BBQ area, playground area, and a beautiful park! Plenty of restaurants nearby to choose from and minutes away from Sea World and Six Flags!

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

Zip Code: 78253

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $86k290k

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

Zip Code: 78253

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8451847

* 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
Medina Valley Middle School Middle Regular 976 58 5
Medina Valley High School High Regular 1,159 67 6

Medina Valley Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 58
5
GreatSchools Rating

Medina Valley High School

  • Education Level: High
  • # of students: 1,159
  • # of teachers: 67
6
GreatSchools Rating
 

$211,680$258,720$235,200

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$817
Property Tax -$433
Property Insurance -$120
HOA -$44
Property Management Fees -$99
CASH FLOW
$56

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.

$235,200

PROJECTED PRICE

$1,570

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 2.4%
Maintenance Year (1-5) 8.00%
Vacancy 9.32%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,078

INVESTMENT

$68,078

Down Payment
$58,800
Rehab Estimate
$5,750
Closing Costs
$3,528

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$817

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,800
Loan Amount $176,400
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$7,849

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,558

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5503$1,5704$1,5705$1,575
$1,575
RENT COMPS ANALYSIS
  • 193 Finch Knoll San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,615 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,615 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.97
    •  
  • 179 Gemsbok Gate San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 2014
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 427 Cardinal Way San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2007
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
  • 203 Coopers Hawk San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2007
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.95
    •  
  • 174 Elisabeth Run San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2015
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.99
    •  
PROPERTY LISTING DETAILS
Levi Rodgers
1.210.784.6585
Levi Rodgers Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1503153
Last Updated: 01/09/2021
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