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2627 Skybound San Antonio, TX 78245

4 Beds 3 Baths 2,581 sqft Built 2008

$267,900

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $103.80
  • 6 Days on Market
  • MLS # : 1509982
  • Updated Date : 02/20/2021 at 01:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,581 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bt Realty & Associates

Listing Agent's Description

4 miles from Lackland AFB, malls/shopping/ groceries near by. New Costco being built 2 miles away. Much expansion in the area, buy before the prices and interest rates go up. Gorgeous 4 upstairs bedroom home plus office. Enjoy the huge back living room with bright sunny bay windows, covered patio and ceiling fan with extended pergola built on. New fence just installed this month. This home has everything with Radiant Barrier in the attic. and dark window screen on the upstairs windows.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (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
 

$241,110$294,690$267,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$931
Property Tax -$598
Property Insurance -$176
HOA -$24
Property Management Fees -$99
CASH FLOW
-$38

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.

$267,900

PROJECTED PRICE

$1,790

PROJECTED RENT

0.67%

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-$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$76,744

INVESTMENT

$76,744

Down Payment
$66,975
Rehab Estimate
$5,750
Closing Costs
$4,019

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$931

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,975
Loan Amount $200,925
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$3,951

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,800

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$1,7503$1,7504$1,7905$1,895
$1,895
RENT COMPS ANALYSIS
  • 2627 Skybound San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.69
    •  
  • 2518 Night Star San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2015
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.67
    •  
  • 2502 Night Star San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2015
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.67
    •  
  • 11327 Applejack San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2017
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.72
    •  
  • 2513 Night Star San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2015
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.73
    •  
PROPERTY LISTING DETAILS
Patrick Leddy
1.210.464.1266
Bt Realty & Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1509982
Last Updated: 02/20/2021
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