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227 Butternut Blvd San Antonio, TX 78245

3 Beds 3 Baths 1,554 sqft Built 2007

$199,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $128.06
  • 3 Days on Market
  • MLS # : 1515372
  • Updated Date : 03/20/2021 at 01:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,554 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Spacious 3/3 Centrally located in NW San Antonio! Open Concept Main Floor, with Double Sliders Exiting to a Fenced Backyard with an Oversized Patio Great for Entertaining! The Eat In Kitchen has Ample Counter Space and is Complete with Range, Refrigerator, and Dishwasher. All Generously Sized Bedrooms Upstairs, a Large Master with Walk In Closet and Private Full Ensuite. Laundry Down, Window Treatments Throughout Home and New Carpet and Paint make this Charmer Bright and Inviting! Minutes from Highways, Shopping, Grocery, Lackland, and Sea World!

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: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Murnin Elementary School Primary Regular 915 52 6
Pease Middle School Middle Regular 1,139 73 4
Stevens High School High Regular 2,866 172 4

Murnin Elementary School

  • Education Level: Primary
  • # of students: 915
  • # of teachers: 52
6
GreatSchools Rating

Pease Middle School

  • Education Level: Middle
  • # of students: 1,139
  • # of teachers: 73
4
GreatSchools Rating

Stevens High School

  • Education Level: High
  • # of students: 2,866
  • # of teachers: 172
4
GreatSchools Rating
 

$179,100$218,900$199,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$691
Property Tax -$444
Property Insurance -$117
HOA -$10
Property Management Fees -$99
CASH FLOW
-$61

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.

$199,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,485

INVESTMENT

$58,485

Down Payment
$49,750
Rehab Estimate
$5,750
Closing Costs
$2,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$691

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,750
Loan Amount $149,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,029

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,352

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3003$1,4504$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 227 Butternut Blvd San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.84
    •  
  • 434 Tres Caminos San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 2003
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.89
    •  
  • 9439 Mulberry Path San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 2003
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 131 Shadbush St San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 2007
    property image
    LEASED 03/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
  • 9430 Hacienda Acres San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,697 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,697 Sqft ∙ Built 2004
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.88
    •  
PROPERTY LISTING DETAILS
Jennifer Graham
1.210.683.1601
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1515372
Last Updated: 03/20/2021
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