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2134 Indian Meadows Dr San Antonio, TX 78230

3 Beds 2 Baths 2,210 sqft Built 1996

INVESTimate

$278,700

List Price

$1,770

$1,593 - $1,947

Rent Est.

$293,387  ( +5.27%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $126.11
  • 3 Days on Market
  • MLS # : 1478729
  • Updated Date : 08/25/2020 at 19:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,210 sqft
  • Baths : 2 full
Listing Agent

Home Team Of America

Listing Agent's Description

Gorgeous One Story home : Two large living areas & separate dining - large kitchen & walk-in pantry , SS & black appliances - custom cabinets with tons of storage - Granite counters - Tile, Travertine and wood laminate - Water softener & reverse osmosis & new filter - Large master & large WIC- Master Bath has Travertine tile , granite counters & Jacuzzi tub with shower - Updated guess bath & granite counters - Large covered patio & private back yard - Automated sprinkler system - Mature Trees - Washer , Dryer and Refrigerator. Perfect Location close to IH 10 - 1604 - USAA , UTSA, Medical Center, Fiesta Texas , La Cantera and Tons of Entertainment. Professionally Cleaned and ready for new owner - NISD Schools - Please Verify schools .

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: Huntington Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $86k281k

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

Neighborhood: Huntington Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8451944

* 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
Locke Hill Elementary School Primary Regular 681 47 5
Hobby Middle School Middle Regular 1,004 63 5
Clark High School High Regular 2,815 160 8

Locke Hill Elementary School

  • Education Level: Primary
  • # of students: 681
  • # of teachers: 47
5
GreatSchools Rating

Hobby Middle School

  • Education Level: Middle
  • # of students: 1,004
  • # of teachers: 63
5
GreatSchools Rating

Clark High School

  • Education Level: High
  • # of students: 2,815
  • # of teachers: 160
8
GreatSchools Rating
 

$250,830$306,570$278,700

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

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$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,028
Property Tax -$622
Property Insurance -$155
HOA -$25
Property Management Fees -$99
CASH FLOW
-$159

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.

$278,700

PROJECTED PRICE

$1,770

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.27%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,606

INVESTMENT

$79,606

Down Payment
$69,675
Rehab Estimate
$5,750
Closing Costs
$4,181

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,028

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,675
Loan Amount $209,025
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,626

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,796

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7703$1,7954$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 2134 Indian Meadows Dr San Antonio, 2
    • 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.80
    •  
  • 14411 Red Grv San Antonio, 1
    • 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 1994
    property image
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
  • 5139 Sagail Place San Antonio, 3
    • 3 beds 2 baths ∙ 2,239 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,239 Sqft ∙ Built 1999
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.80
    •  
  • 2254 Indian Meadows Dr San Antonio, 4
    • 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 1996
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.81
    •  
  • 1911 Indian Meadows Dr San Antonio, 5
    • 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 1996
    property image
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
PROPERTY LISTING DETAILS
Maria Baxter
1.210.602.0095
Home Team Of America
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478729
Last Updated: 08/25/2020
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