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2015 Emerald Edge San Antonio, TX 78245

5 Beds 4 Baths 2,679 sqft Built 2016

$269,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $100.75
  • 2 Days on Market
  • MLS # : 1504416
  • Updated Date : 01/16/2021 at 23:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,679 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

Move-in ready 5 bedroom 3.5 bath home in the family friendly neighborhood of Laurel Mountain Ranch. This home offers space for everyone in the family! Home features water softener, separate dining room, island kitchen w/breakfast bar, stainless steel appliances, and plenty of counter/cabinet space for storage. Downstairs master bedroom offers large walk-in closet, dual vanity, & separate shower/tub. 4 bedrooms with 2 full baths & huge game room upstairs. Covered rear patio makes outdoor entertaining a breeze! Greenbelt lot adds extra privacy. Schedule your showing today!

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
Behlau Elementary School Primary Regular 820 50 4
Luna Middle School Middle Regular 1,242 70 6
Brennan High School High Regular 2,455 137 7

Behlau Elementary School

  • Education Level: Primary
  • # of students: 820
  • # of teachers: 50
4
GreatSchools Rating

Luna Middle School

  • Education Level: Middle
  • # of students: 1,242
  • # of teachers: 70
6
GreatSchools Rating

Brennan High School

  • Education Level: High
  • # of students: 2,455
  • # of teachers: 137
7
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$937
Property Tax -$603
Property Insurance -$182
HOA -$33
Property Management Fees -$99
CASH FLOW
-$14

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.

$269,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.68%

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$700k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$4,841

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,842

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,8253$1,8404$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 2015 Emerald Edge San Antonio, TX 3
    • 5 beds 4 baths ∙ 2,679 Sqft ∙ Built 2016 5 beds 4 baths ∙ 2,679 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.69
    •  
  • 11523 N Peak San Antonio, TX 1
    • 5 beds 4 baths ∙ 2,648 Sqft ∙ Built 2013 5 beds 4 baths ∙ 2,648 Sqft ∙ Built 2013
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.69
    •  
  • 11506 Fort Smith San Antonio, TX 2
    • 5 beds 4 baths ∙ 2,657 Sqft ∙ Built 2012 5 beds 4 baths ∙ 2,657 Sqft ∙ Built 2012
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.69
    •  
  • 1811 Cool Breeze San Antonio, TX 4
    • 5 beds 4 baths ∙ 2,807 Sqft ∙ Built 2013 5 beds 4 baths ∙ 2,807 Sqft ∙ Built 2013
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.66
    •  
  • 11731 Verdis Valley San Antonio, TX 5
    • 5 beds 4 baths ∙ 2,679 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,679 Sqft ∙ Built 2017
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.71
    •  
PROPERTY LISTING DETAILS
Jeffrey Pozzi
1.210.372.2035
Coldwell Banker D'ann Harper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1504416
Last Updated: 01/16/2021
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