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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $87.18
- 5 Days on Market
- MLS # : 1509086
- Updated Date : 02/13/2021 at 19:35
CONSTRUCTION
- Beds : 4
- Floor Size : 2,122 sqft
- Baths : 3 full
Listing Agent
Realty One Group Emerald
Listing Agent's Description
AVAILABLE NOW! This 4 bedroom 3 bath, 1 car garage features wood laminate and ceramic tile flooring, along with carpet upstairs and in all the bedrooms. It's located in the great Converse Area! Minutes from Ft Sam Houston and Randolph AFB. This home features a large eat in kitchen with marble top island. Covered patio overlooks large backyard with privacy fence, great for pets or large play area for kids. The spacious upstairs GAME ROOM is great for entertainment! Can be a great for movie nights or Home Office area. This home also comes pre-wired for a surveillance system and includes keyless code entry. Please verify school districts. Home wont last long! Schedule your showing today!
SEE MORE
- 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: East San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,570 |
EXPENSES | Loan Payment | -$643 |
Property Tax | -$420 | |
Property Insurance | -$150 | |
HOA | -$29 | |
Property Management Fees | -$99 | |
CASH FLOW
$230
|
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.
$185,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.85%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.31% |
Appreciation Year (1-5) | 6.2% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 9.54% |
Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$54,775
LOAN DETAILS
$643
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $46,250 |
Loan Amount | $138,750 |
7.83
YEARS SAVED
$19,010
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,565
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.210.336.8850
Realty One Group Emerald
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1509086
Last Updated: 02/13/2021