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226 Lebanon St San Antonio, TX 78223

3 Beds 3 Baths 1,228 sqft Built 2000

$165,163

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $134.50
  • 3 Days on Market
  • MLS # : 1501848
  • Updated Date : 01/02/2021 at 03:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,228 sqft
  • Baths : 1 full , 2 half
Listing Agent

Middleton Group Realty

Listing Agent's Description

Don't miss out on this beautifully maintained, original owner, 2 story home, 3 bedroom, 1.5 bath upstairs with 1/2 bath down, and has a 2 car garage! When you enter the home you're greeted by a spacious living area & connected dining. The kitchen comes with stainless appliances to complete any entertaining from inside to outside with a large covered patio and huge backyard for your next cook out. Minutes away from Loop 410, 37, US 281, Brooks City Base, Stinson Airport and much more! Home comes furnished with a solar power system, balance still remains on the loan. Pay at closing or roll into your offer. This is a very inexpensive way to save per month on your electric bill long into the future! No HOA. Come see all the charm this home has to offer in a quiet established neighborhood.

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: Brookside

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Brookside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6071456

* 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
Highland Forest Elementary School Primary Regular 526 34 2
Legacy Middle School Middle Regular 1,146 64 2
East Central High School High Regular 2,943 146 3

Highland Forest Elementary School

  • Education Level: Primary
  • # of students: 526
  • # of teachers: 34
2
GreatSchools Rating

Legacy Middle School

  • Education Level: Middle
  • # of students: 1,146
  • # of teachers: 64
2
GreatSchools Rating

East Central High School

  • Education Level: High
  • # of students: 2,943
  • # of teachers: 146
3
GreatSchools Rating
 

$148,647$181,679$165,163

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$609
Property Tax -$369
Property Insurance -$98
Property Management Fees -$99
CASH FLOW
$75

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.

$165,163

PROJECTED PRICE

$1,250

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 5.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,518

INVESTMENT

$49,518

Down Payment
$41,291
Rehab Estimate
$5,750
Closing Costs
$2,477

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$609

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,291
Loan Amount $123,872
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$9,388

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,385

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3303$1,4254$1,4455$1,450
$1,450
RENT COMPS ANALYSIS
  • 226 Lebanon St San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,228 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,228 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.02
    •  
  • 128 La Garde St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 2003
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $1.19
    •  
  • 318 Juniper St San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,267 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,267 Sqft ∙ Built 1999
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.12
    •  
  • 415 Margo St San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 1997
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $1.12
    •  
  • 110 La Garde St San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 2003
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.08
    •  
PROPERTY LISTING DETAILS
Michelle Middleton
1.210.601.3948
Middleton Group Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1501848
Last Updated: 01/02/2021
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