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2418 Westgard Pass San Antonio, TX 78245

3 Beds 3 Baths 1,500 sqft Built 1995

$199,900

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $133.27
  • 4 Days on Market
  • MLS # : 1502720
  • Updated Date : 01/07/2021 at 21:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,500 sqft
  • Baths : 2 full , 1 half
Listing Agent

Home Team Of America

Listing Agent's Description

Location! Location! Location! Come see this beautifully remodeled home located off of Marbach and 1604 at US HWY 90 in Bexar County. No CITY TAX. Home is located by NW Vista College, several major shopping areas, businesses and Seaworld. This family home an open floor plan, new paint, updated fixtures, new flooring, 1 car garage, master bedroom has an oversized walk-in closet, master bath, upstairs bathroom both have dual shower & tub. Come see this beautiful home priced under $200,000 in Big Country Subdivision. New Roof will be installed prior to closing and funding with full price offer.

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: Village at Big Country

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Village at Big Country

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6481456

* 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
Big Country Elementary School Primary Regular 711 45 8
Francis R. Scobee Middle School Middle Regular 968 59 4
Southwest High School High Regular 3,545 195 3

Big Country Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 45
8
GreatSchools Rating

Francis R. Scobee Middle School

  • Education Level: Middle
  • # of students: 968
  • # of teachers: 59
4
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$694
Property Tax -$446
Property Insurance -$114
HOA -$9
Property Management Fees -$99
CASH FLOW
-$32

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.

$199,900

PROJECTED PRICE

$1,330

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 3.7%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
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$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$694

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$2,672

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,331

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3003$1,3304$1,3505$1,495
$1,495
RENT COMPS ANALYSIS
  • 2418 Westgard Pass San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.89
    •  
  • 11423 Jarbo Pass Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1985
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.90
    •  
  • 3122 Buffalo Pass Dr San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,458 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,458 Sqft ∙ Built 1985
    LEASED 12/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.89
    •  
  • 2730 Bear Springs Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1985
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.85
    •  
  • 2626 Gato Del Sol San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,651 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,651 Sqft ∙ Built 2006
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.91
    •  
PROPERTY LISTING DETAILS
Sandra Otero
1.210.663.6706
Home Team Of America
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1502720
Last Updated: 01/07/2021
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