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1946 Owlwolf Creek San Antonio, TX 78245

3 Beds 3 Baths 2,156 sqft Built 2009

$229,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2009
  • Price/Sqft : $106.63
  • 6 Days on Market
  • MLS # : 1492197
  • Updated Date : 10/30/2020 at 13:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,156 sqft
  • Baths : 2 full , 1 half
Listing Agent

Offerpad

Listing Agent's Description

Recently renovated two-story for sale in the popular Wolf Creek subdivision. Expansive main living area greets visitors with natural light. Updated kitchen offers refinished cabinets, counters tops, and brand new stainless appliances. Offering storage galore, this home has pantries, closets, and space to expand. The primary bedroom, two additional bedrooms, as well as a large loft, are upstairs for privacy. The spacious primary bedroom has a full ensuite bathroom, sitting area, and two walk-in closets. Large fenced backyard, great for entertaining. Fresh carpet and paint throughout. Vacant and ready to visit!

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: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Big Country Elementary School Primary Regular 711 45 8
Francis R. Scobee Middle School Middle Regular 968 59 4
Southwest High School High Regular 3,545 195 3

Big Country Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 45
8
GreatSchools Rating

Francis R. Scobee Middle School

  • Education Level: Middle
  • # of students: 968
  • # of teachers: 59
4
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$848
Property Tax -$513
Property Insurance -$151
HOA -$21
Property Management Fees -$99
CASH FLOW
-$153

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.

$229,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$858

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,606

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,5453$1,5954$1,6855$1,800
$1,800
RENT COMPS ANALYSIS
  • 1946 Owlwolf Creek San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.69
    •  
  • 10706 Bayhill Den San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,126 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,126 Sqft ∙ Built 2010
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.73
    •  
  • 10823 Black Wolf Bay San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,087 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,087 Sqft ∙ Built 2008
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.76
    •  
  • 1519 Barons Den San Antonio, TX 4
    • 4 beds 4 baths ∙ 2,354 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,354 Sqft ∙ Built 2014
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.72
    •  
  • 10730 Gentle Fox Bay San Antonio, TX 5
    • 3 beds 3 baths ∙ 2,343 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,343 Sqft ∙ Built 2015
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.77
    •  
PROPERTY LISTING DETAILS
Robert Jones
1.210.405.1783
Offerpad
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492197
Last Updated: 10/30/2020
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