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236 James Fannin St San Antonio, TX 78253

4 Beds 3 Baths 2,012 sqft Built 2020

$279,090

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $138.71
  • 6 Days on Market
  • MLS # : 1501139
  • Updated Date : 12/27/2020 at 05:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,012 sqft
  • Baths : 3 full
Listing Agent

Rhapsody Realty Services, Llc

Listing Agent's Description

New Century Communities home ready to move-in February 2021. Featuring a thoughtfully designed single-story layout, the Brazos offers plenty of private and common living space. Toward the front of the home, two bedrooms share a full hall bath. A third bedroom, secluded on the other side of a convenient mudroom, boasts an en-suite bath and walk-in closet. Finally, a lavish primary suite includes a large walk-in closet and a private bath with double vanities and separate garden tub. At the heart of the home, an inviting kitchen overlooks an open-concept area with a family room and dining space. Personalized with an extended covered patio!

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: West San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $86k264k

* 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
Ralph Langley Elementary School Primary Regular 775 51 7
Bernal Middle School Middle Regular 618 38 NA
Harlan High School High Regular NA

Ralph Langley Elementary School

  • Education Level: Primary
  • # of students: 775
  • # of teachers: 51
7
GreatSchools Rating

Bernal Middle School

  • Education Level: Middle
  • # of students: 618
  • # of teachers: 38
NA
GreatSchools Rating

Harlan High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$251,181$306,999$279,090

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,030
Property Tax -$623
Property Insurance -$143
HOA -$45
Property Management Fees -$99
CASH FLOW
-$220

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$279,090

PROJECTED PRICE

$1,720

PROJECTED RENT

0.62%

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) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,959

INVESTMENT

$75,959

Down Payment
$69,773
Rehab Estimate
$2,000
Closing Costs
$4,186

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,030

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,773
Loan Amount $209,318
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$539

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,705

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,7204$1,8255$1,950
$1,950
RENT COMPS ANALYSIS
  • 236 James Fannin St San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.85
    •  
  • 13934 Caprese Hill San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,169 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,169 Sqft ∙ Built 2012
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.74
    •  
  • 615 Rose Spoonbill San Antonio, TX 2
    • 4 beds 2 baths ∙ 1,847 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,847 Sqft ∙ Built 2018
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
  • 13614 Cala Levane San Antonio, TX 4
    • 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 2007
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.86
    •  
  • 228 Lucchese St San Antonio, TX 5
    • 3 beds 2 baths ∙ 2,159 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,159 Sqft ∙ Built 2016
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
PROPERTY LISTING DETAILS
Michael Harrell
1.210.483.3645
Rhapsody Realty Services, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1501139
Last Updated: 12/27/2020
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