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2402 Sunview Lk San Antonio, TX 78245

3 Beds 2 Baths 1,332 sqft Built 2005

$179,900

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $135.06
  • 3 Days on Market
  • MLS # : 1508170
  • Updated Date : 02/05/2021 at 17:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,332 sqft
  • Baths : 2 full
Listing Agent

Performance Matters Realty

Listing Agent's Description

Adorable 3 bedroom! Owner Finance!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Michael Elementary School Primary Regular 828 52 3
Vale Middle School Middle Regular 1,349 78 5
Stevens High School High Regular 2,866 172 4

Michael Elementary School

  • Education Level: Primary
  • # of students: 828
  • # of teachers: 52
3
GreatSchools Rating

Vale Middle School

  • Education Level: Middle
  • # of students: 1,349
  • # of teachers: 78
5
GreatSchools Rating

Stevens High School

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

$161,910$197,890$179,900

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 -$625
Property Tax -$377
Property Insurance -$104
HOA -$17
Property Management Fees -$99
CASH FLOW
$78

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.

$179,900

PROJECTED PRICE

$1,300

PROJECTED RENT

0.72%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,424

INVESTMENT

$53,424

Down Payment
$44,975
Rehab Estimate
$5,750
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$9,156

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
  • $0.98

    LIST RENT PER SQFT
  • $1,299

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2003$1,2004$1,2955$1,300
$1,300
RENT COMPS ANALYSIS
  • 2402 Sunview Lk San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.98
    •  
  • 10128 Sunset Pl San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 2000
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.99
    •  
  • 2303 Dalhart Pass San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 2000
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.99
    •  
  • 9854 Burr Press Ln San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 2003
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.99
    •  
  • 9838 Highland Creek San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 2001
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.93
    •  
PROPERTY LISTING DETAILS
Scott Stephan
1.210.638.7600
Performance Matters Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508170
Last Updated: 02/05/2021
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