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210 Millridge Rd Universal City, TX 78148

4 Beds 3 Baths 2,544 sqft Built 1983

$280,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $110.06
  • 2 Days on Market
  • MLS # : 1514097
  • Updated Date : 03/13/2021 at 21:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,544 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kimberly Howell Properties

Listing Agent's Description

PRIDE IN OWNERSHIP REALLY SHOWS IN THIS GREAT HOME IN SUNRISE CANYON! TWO LIVING AREAS / LARGE ROOMS AND CLOSETS WITH PRIVATE STREET SCAPE AND MATURE LANDSCAPING WITH VERY NICE BACKYARD/ VACANT AND EASY TO SHOW..............FOUR BEDROOMS WITH MASTER SPLIT FROM OTHERS UPSTAIRS!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Universal City

ZipNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200kPrice in $91k205k

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

Neighborhood: Universal City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8441472

* 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
Olympia Elementary School Primary Regular 471 32 6
Kitty Hawk Middle School Middle Regular 1,298 83 6
Veterans Memorial High School High Regular NA

Olympia Elementary School

  • Education Level: Primary
  • # of students: 471
  • # of teachers: 32
6
GreatSchools Rating

Kitty Hawk Middle School

  • Education Level: Middle
  • # of students: 1,298
  • # of teachers: 83
6
GreatSchools Rating

Veterans Memorial High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$973
Property Tax -$656
Property Insurance -$174
Property Management Fees -$99
CASH FLOW
-$211

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.

$280,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.4%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$345

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,660

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5503$1,6904$1,6955$1,850
$1,850
RENT COMPS ANALYSIS
  • 210 Millridge Rd Universal City, TX 3
    • 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.66
    •  
  • 8515 Park Olympia Universal City, TX 1
    • 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 1997
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.58
    •  
  • 13422 Bristol Oak Universal City, TX 2
    • 3 beds 3 baths ∙ 2,425 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,425 Sqft ∙ Built 2000
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.64
    •  
  • 8539 Park Olympia Universal City, TX 4
    • 3 beds 3 baths ∙ 2,570 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,570 Sqft ∙ Built 1998
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.66
    •  
  • 122 Foxglove Universal City, TX 5
    • 4 beds 2 baths ∙ 2,544 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,544 Sqft ∙ Built 1983
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.73
    •  
PROPERTY LISTING DETAILS
John Alaniva
1.210.912.6709
Kimberly Howell Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1514097
Last Updated: 03/13/2021
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