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2315 High Ledge St San Antonio, TX 78232

3 Beds 2 Baths 1,909 sqft Built 1975

$268,500

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $140.65
  • 3 Days on Market
  • MLS # : 1512684
  • Updated Date : 03/06/2021 at 03:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,909 sqft
  • Baths : 2 full
Listing Agent

Home Team Of America

Listing Agent's Description

Great home, great location, great price. This home features 2 living areas - 1 has a fireplace, 2 eating areas, large Florida room, spacious master retreat, and roomy secondary bedrooms and bath - all laid out with a great flow. You're sure to feel at home the moment you walk in. Greet your family and guest through the gated courtyard that is classic and provides that just-right amount of privacy while the back yard is where you'll love to entertain. While enjoying the large covered patio which has a gas connection for the grill, to having no back neighbors, you'll admire the privacy, large mature trees, landscaping done with great taste (sorry for the picts during winter) plus a custom shed. This home is move in ready with room for you to add your personal touches. And I'll have to say that the location is super -duper!... easy access to 281, 1604 and the airport and a straight shot to downtown. Shopping & eateries - all there within a few minutes destination. The neighborhood does not have cookie-cutter homes - all unique, well kept, and no HOA. Come view this home - we welcome your visit. (P.S. - The SimpliSafe system and fridge convey!)

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: 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
 

$241,650$295,350$268,500

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$933
Property Tax -$599
Property Insurance -$137
Property Management Fees -$99
CASH FLOW
-$98

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.

$268,500

PROJECTED PRICE

$1,670

PROJECTED RENT

0.62%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,903

INVESTMENT

$76,903

Down Payment
$67,125
Rehab Estimate
$5,750
Closing Costs
$4,028

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$933

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,125
Loan Amount $201,375
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,325

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,689

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6253$1,6704$1,7455$1,900
$1,900
RENT COMPS ANALYSIS
  • 2315 High Ledge St San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,909 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,909 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.87
    •  
  • 2523 Turkey Oak St San Antonio, TX 1
    • 4 beds 2 baths ∙ 1,808 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,808 Sqft ∙ Built 1977
    property image
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.87
    •  
  • 2023 Windy Trail San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1974
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.87
    •  
  • 1903 Archway Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 1974
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.89
    •  
  • 16407 Gemstone San Antonio, TX 5
    • 3 beds 2 baths ∙ 2,086 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,086 Sqft ∙ Built 1993
    property image
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
PROPERTY LISTING DETAILS
Shirley Holmquist
1.210.273.5233
Home Team Of America
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1512684
Last Updated: 03/06/2021
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