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258 Palma Noce San Antonio, TX 78253

4 Beds 3 Baths 2,725 sqft Built 2012

$234,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $86.20
  • 2 Days on Market
  • MLS # : 1496401
  • Updated Date : 11/22/2020 at 02:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,725 sqft
  • Baths : 3 full
Listing Agent

Fischer Mann Realty Llc

Listing Agent's Description

This beautiful 4 bedroom, 3 bath home is priced right to sell and a must-see! Downstairs features an open floor plan with an office, a large living room, a spacious kitchen that is well equipped with granite counters, plenty of cabinetry for your storage, and a large island perfect for entertaining. Upstairs features a game room, a laundry room, 2 secondary rooms, and a secondary bath with dual sinks. The primary/master suite includes a garden tub shower combo, dual sinks, & a massive walk-in closet with custom wardrobe shelving. There's also a 4th bedroom downstairs with a full bath, ceiling fans in all rooms, living room and game room. The garage has ample built-in storage shelving and a water softener system. The backyard has a covered patio and a shed. Close to community saltwater pool, easy access to major highways, nearby shopping centers, no city taxes, and great schools. Schedule your appointments TODAY!

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*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
Lieck Elementary School Primary Regular 697 42 6
Bernal Middle School Middle Regular 618 38 NA
Brennan High School High Regular 2,455 137 7

Lieck Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 42
6
GreatSchools Rating

Bernal Middle School

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

Brennan High School

  • Education Level: High
  • # of students: 2,455
  • # of teachers: 137
7
GreatSchools Rating
 

$211,410$258,390$234,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$867
Property Tax -$524
Property Insurance -$184
HOA -$31
Property Management Fees -$99
CASH FLOW
-$55

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.

$234,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.70%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,999

INVESTMENT

$67,999

Down Payment
$58,725
Rehab Estimate
$5,750
Closing Costs
$3,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,725
Loan Amount $176,175
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$3,462

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,655

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6504$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 258 Palma Noce San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.61
    •  
  • 211 Ville Serene San Antonio, TX 1
    • 4 beds 4 baths ∙ 2,556 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,556 Sqft ∙ Built 2008
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.61
    •  
  • 323 Fontana Albero San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 2008
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.59
    •  
  • 13026 Cipresso Palco San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 2010
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.61
    •  
  • 242 Palma Noce San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 2012
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.62
    •  
PROPERTY LISTING DETAILS
Ogochukwu Chukwudolue
1.619.307.9477
Fischer Mann Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1496401
Last Updated: 11/22/2020
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