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259 Saddlebrook Dr San Antonio, TX 78245

3 Beds 2 Baths 1,371 sqft Built 1985

$190,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $138.58
  • 5 Days on Market
  • MLS # : 1505133
  • Updated Date : 01/21/2021 at 00:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,371 sqft
  • Baths : 2 full
Listing Agent

Fischer Mann Realty Llc

Listing Agent's Description

Come take a look at this nice refurbished home. House has new flooring thru out, granite counter tops, new toilets, new sinks and more. Good sized living rm, fireplace, fenced yard front and back and easy access to Potranco and Hwy 151. Don't wait, this one won't last long.

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: Heritage

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Murnin Elementary School Primary Regular 915 52 6
Pease Middle School Middle Regular 1,139 73 4
Stevens High School High Regular 2,866 172 4

Murnin Elementary School

  • Education Level: Primary
  • # of students: 915
  • # of teachers: 52
6
GreatSchools Rating

Pease Middle School

  • Education Level: Middle
  • # of students: 1,139
  • # of teachers: 73
4
GreatSchools Rating

Stevens High School

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

$171,000$209,000$190,000

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$660
Property Tax -$424
Property Insurance -$106
Property Management Fees -$99
CASH FLOW
-$19

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.

$190,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 7.3%
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$600k

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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$660

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$3,027

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,282

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,2253$1,2704$1,2955$1,425
$1,425
RENT COMPS ANALYSIS
  • 259 Saddlebrook Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.93
    •  
  • 1131 Longmont St San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 1977
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.88
    •  
  • 306 Delbert Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 1985
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.98
    •  
  • 9707 Bear Creek Dr San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,368 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,368 Sqft ∙ Built 1973
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.95
    •  
  • 9614 Gold Dust Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1974
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.93
    •  
PROPERTY LISTING DETAILS
Ralph Sanchez
1.210.723.6934
Fischer Mann Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1505133
Last Updated: 01/21/2021
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