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2551 Skybound San Antonio, TX 78245

3 Beds 3 Baths 2,175 sqft Built 2013

$262,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $120.46
  • 3 Days on Market
  • MLS # : 1504098
  • Updated Date : 01/16/2021 at 03:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,175 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

OPEN HOUSE SUNDAY from 9-12pm/2-5PM. Does COVID have you feeling down because you haven't been able to take a vacation in a year?? Wouldn't you love to drive home every day to your very own mini paradise? Look no further than this stunning home located in the much sought after CHAMPIONS PARK subdivision for your stay-cation worthy HOME. You'll have your friends and family jealous that while they have to travel to a community pool to cool off in the Texas heat, you'll travel a mere 20 feet to your very own backyard OASIS. Beyond the POOL, this 2 story corner home features 3 bedrooms, 2 bath, and 2 flex rooms that can be used as another bedroom/office/gym. The large primary suite has a full bath, generous walk-in closet, and bonus sitting area. Upgraded granite, carpet upstairs & luxury life-proof Vinyl plank flooring throughout the downstairs area. This beautiful Stucco & stone (front) home also includes leaf guard gutters, dual thermostats (NEST), covered patio, ceiling fans, pergola, overhead storage in garage. Cameras, NEST, pool with 10 warranty, pool equipment, SPA and water softener (if negotiated) stays!

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
Potranco Elementary School Primary Regular 807 44 8
Medina Valley Middle School Middle Regular 976 58 5
Medina Valley High School High Regular 1,159 67 6

Potranco Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 44
8
GreatSchools Rating

Medina Valley Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 58
5
GreatSchools Rating

Medina Valley High School

  • Education Level: High
  • # of students: 1,159
  • # of teachers: 67
6
GreatSchools Rating
 

$235,800$288,200$262,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$910
Property Tax -$585
Property Insurance -$153
HOA -$20
Property Management Fees -$99
CASH FLOW
-$76

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.

$262,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.65%

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$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,180

INVESTMENT

$75,180

Down Payment
$65,500
Rehab Estimate
$5,750
Closing Costs
$3,930

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,500
Loan Amount $196,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,621

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,675

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,5953$1,6904$1,7255$1,750
$1,750
RENT COMPS ANALYSIS
  • 2551 Skybound San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.78
    •  
  • 2550 Gato Del Sol San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,233 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,233 Sqft ∙ Built 2014
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.71
    •  
  • 11420 Unbridled San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2017
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.76
    •  
  • 2522 Middleground San Antonio, TX 4
    • 3 beds 3 baths ∙ 2,174 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,174 Sqft ∙ Built 2014
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.79
    •  
  • 2523 Just My Style San Antonio, TX 5
    • 3 beds 3 baths ∙ 2,129 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,129 Sqft ∙ Built 2013
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.82
    •  
PROPERTY LISTING DETAILS
Ana Jaramillo
1.210.683.5329
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1504098
Last Updated: 01/16/2021
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