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2506 Keithshire Crk San Antonio, TX 78245

3 Beds 2 Baths 1,212 sqft Built 2003

$159,900

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $131.93
  • 2 Days on Market
  • MLS # : 1501094
  • Updated Date : 12/26/2020 at 17:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,212 sqft
  • Baths : 2 full
Listing Agent

Copernicus Realty

Listing Agent's Description

Welcome to this beautiful starter home with an open floor plan, spacious owner's bedroom with a walk in closet, and a large backyard with no neighbors in the back! With an updated kitchen, fresh paint throughout, and located in the Northside Independent School District, and minutes away from Lackland AFB, this property is move in ready. Grab your Realtor and schedule a showing today! ***grass sod has been virtually staged at exterior of property**

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*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
 

$143,910$175,890$159,900

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$590
Property Tax -$357
Property Insurance -$97
HOA -$16
Property Management Fees -$99
CASH FLOW
$31

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.

$159,900

PROJECTED PRICE

$1,190

PROJECTED RENT

0.74%

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

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$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$48,124

INVESTMENT

$48,124

Down Payment
$39,975
Rehab Estimate
$5,750
Closing Costs
$2,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$590

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $39,975
Loan Amount $119,925
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$6,620

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,188

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,190
1$1,1902$1,2003$1,2004$1,2005$1,279
$1,279
RENT COMPS ANALYSIS
  • 2506 Keithshire Crk San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $0.98
    •  
  • 10128 Sunset Pl San Antonio, TX 2
    • 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 3
    • 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 4
    • 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
    •  
  • 9739 Green Mesa San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 2006
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,279
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jose Rodriguez
1.210.386.0740
Copernicus Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1501094
Last Updated: 12/26/2020
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