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2215 Reel Dr San Antonio, TX 78224

3 Beds 2 Baths 1,221 sqft Built 1971

$150,000

List Price

$1,110

$999 - $1.2K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $122.85
  • 4 Days on Market
  • MLS # : 1501043
  • Updated Date : 12/24/2020 at 21:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,221 sqft
  • Baths : 1 full , 1 half
Listing Agent

Vortex Realty

Listing Agent's Description

Open concept kitchen and living room. Nice remodeling job done not long ago. 0Roof and A/C system have been changed. Beautiful black granite in the kitchen. New tile flooring through out the living room and kitchen and hallway. New kitchen cabinets.

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: South Southwest Neighborhood Association

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $63k204k

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

Neighborhood: South Southwest Neighborhood Association

NeighborhoodNIR Market*CityMarket2010Year20002019 Q260070080090010001100120013001400Rent in $5561456

* 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
Roy P. Benavidez Elementary School Primary Regular 621 35 4
Robert C. Zamora Middle School Middle Regular 579 38 4
South San Antonio High School High Regular 2,421 147 3

Roy P. Benavidez Elementary School

  • Education Level: Primary
  • # of students: 621
  • # of teachers: 35
4
GreatSchools Rating

Robert C. Zamora Middle School

  • Education Level: Middle
  • # of students: 579
  • # of teachers: 38
4
GreatSchools Rating

South San Antonio High School

  • Education Level: High
  • # of students: 2,421
  • # of teachers: 147
3
GreatSchools Rating
 

$135,000$165,000$150,000

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$553
Property Tax -$335
Property Insurance -$98
Property Management Fees -$99
CASH FLOW
$25

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.

$150,000

PROJECTED PRICE

$1,110

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,500

INVESTMENT

$45,500

Down Payment
$37,500
Rehab Estimate
$5,750
Closing Costs
$2,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$553

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $37,500
Loan Amount $112,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$5,296

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,110

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,230

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$945
1$9452$1,1003$1,1004$1,1105$1,200
$1,200
RENT COMPS ANALYSIS
  • 2215 Reel Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,221 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,221 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,110
    • $0.91
    •  
  • 2114 Bane St San Antonio, TX 1
    • 3 beds 3 baths ∙ 969 Sqft ∙ Built 1970 3 beds 3 baths ∙ 969 Sqft ∙ Built 1970
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $945
    • $0.98
    •  
  • 1934 Cassandra St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,102 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,102 Sqft ∙ Built 1975
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.00
    •  
  • 1447 Edris Dr San Antonio, TX 3
    • 3 beds 1 baths ∙ 1,163 Sqft ∙ Built 1974 3 beds 1 baths ∙ 1,163 Sqft ∙ Built 1974
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.95
    •  
  • 1542 Beverly Ann St San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,094 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,094 Sqft ∙ Built 1971
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.10
    •  
PROPERTY LISTING DETAILS
David Reyna
1.210.853.8532
Vortex Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1501043
Last Updated: 12/24/2020
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