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2042 Rigsby Ave San Antonio, TX 78210

4 Beds 3 Baths 2,256 sqft Built 1975

$240,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

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.

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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: Comanche

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $65k204k

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

Neighborhood: Comanche

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6371456

* 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
Stewart Elementary School Primary Regular 565 34 3
Rogers Middle School Middle Regular 574 35 1
Houston High School High Magnet 1,000 69 2

Stewart Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 34
3
GreatSchools Rating

Rogers Middle School

  • Education Level: Middle
  • # of students: 574
  • # of teachers: 35
1
GreatSchools Rating

Houston High School

  • Education Level: High
  • # of students: 1,000
  • # of teachers: 69
2
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

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
$1,490
1$1,4902$1,545
$1,545
RENT COMPS ANALYSIS
  • 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
Arlington Callies
1.210.860.5381
New Home Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1497266
Last Updated: 01/28/2021
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