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PROPERTY INFO
FACTS
- Single Family
- Built In 1975
- Price/Sqft : $106.38
- 63 Days on Market
- MLS # : 1497266
- Updated Date : 01/28/2021 at 23:52
CONSTRUCTION
- Beds : 4
- Floor Size : 2,256 sqft
- Baths : 2 full , 1 half
Listing Agent
New Home Realty
Listing Agent's Description
Seated on a little over a half acre lot among mature trees is a amazing two Level custom home. Upgrades through out the home include but not limited to custom hard wood blinds in the bay windows that compliments the cedar wood wall in the family room, granite counter tops in all bathrooms and kitchen, new title floors in foyer and master bath. New carpet and padding through out the home, all bedrooms have ceiling fans, all rooms freshly painted, huge walk in closet in master suite. Double oven and microwave in kitchen, new back splash, new dishwasher and garbage disposal. Additional walk in storage underneath stairwell. Two car detached garage, An additional dwelling structure with plumbing that can be used as a guest suite. Huge backyard ideal for a pool and outdoor cook outs! The property is being sold "AS IS." This is an estate sale! No Seller's Disclosure! The seller will not be doing any repairs or service.
SEE MORE
- 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: Comanche
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Comanche
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$834 |
| Property Tax | -$536 | |
| Property Insurance | -$157 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$136
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.
$240,000
PROJECTED PRICE
$1,490
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.31% |
| Appreciation Year (1-5) | 8.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.54% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,350
LOAN DETAILS
$834
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
0.58
YEARS SAVED
$671
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$1,534
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
-
2042 Rigsby Ave San Antonio, TX 1
- 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1975
- Rent
- Rent Per SQFT
- $1,490
- $0.66
-
4259 Springview Dr San Antonio, TX 2
- 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 1969
LEASED 11/08/19- Rent
- Rent Per SQFT
- $1,545
- $0.68
PROPERTY LISTING DETAILS
1.210.860.5381
New Home Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1497266
Last Updated: 01/28/2021
