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2227 Cardigan Hill San Antonio, TX 78232

3 Beds 3 Baths 2,272 sqft Built 2000

$265,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $116.64
  • 2 Days on Market
  • MLS # : 1498327
  • Updated Date : 12/06/2020 at 01:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,272 sqft
  • Baths : 2 full , 1 half
Listing Agent

Real Broker, Llc

Listing Agent's Description

Check out this gem nestled in the wonderful Reserve at Thousand Oaks. This home boasts a newly refinished front covered patio which provides ample space for relaxation and comfort. Fresh exterior trim, shutters and door paint and new interior paint with a soothing neutral color palette. Not to mention the amazing new lighting fixtures for a more elegant design. The generously sized kitchen comes with all your appliances to include a double french door refrigerator. The living space features a fireplace that is perfect for this time of the year to cozy up next to for the upcoming cool winter nights. The backyard presents itself with mature greenery and the perfect place to dream up your next social gathering. After Covid of course! Don't miss your chance to be conveniently located in this quaint one entrance and one street community with quick access to 281 and 1604. Schedule your showings today!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

PRICE & RENT TRENDS

Neighborhood: Thousand Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $86k283k

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

Neighborhood: Thousand Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8451759

* 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
Thousand Oaks Elementary School Primary Regular 812 46 6
Bradley Middle School Middle Regular 1,169 66 8
Macarthur High School High Regular 2,544 153 6

Thousand Oaks Elementary School

  • Education Level: Primary
  • # of students: 812
  • # of teachers: 46
6
GreatSchools Rating

Bradley Middle School

  • Education Level: Middle
  • # of students: 1,169
  • # of teachers: 66
8
GreatSchools Rating

Macarthur High School

  • Education Level: High
  • # of students: 2,544
  • # of teachers: 153
6
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$978
Property Tax -$592
Property Insurance -$158
HOA -$15
Property Management Fees -$99
CASH FLOW
-$51

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.

$265,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 6.6%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,801

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,863

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7903$1,9004$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 2227 Cardigan Hill San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,272 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,272 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.79
    •  
  • 16527 Canyon Cross San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,345 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,345 Sqft ∙ Built 1992
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.72
    •  
  • 16407 Gemstone San Antonio, TX 3
    • 3 beds 2 baths ∙ 2,086 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,086 Sqft ∙ Built 1993
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
  • 2115 Cardigan Hill San Antonio, TX 4
    • 3 beds 3 baths ∙ 2,561 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,561 Sqft ∙ Built 2000
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
  • 2542 Rim Oak San Antonio, TX 5
    • 4 beds 2 baths ∙ 2,535 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,535 Sqft ∙ Built 1986
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.83
    •  
PROPERTY LISTING DETAILS
Christopher Wood
1.210.426.0511
Real Broker, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1498327
Last Updated: 12/06/2020
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