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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $163.62
- 3 Days on Market
- MLS # : 1508396
- Updated Date : 02/06/2021 at 00:04
CONSTRUCTION
- Beds : 4
- Floor Size : 1,619 sqft
- Baths : 2 full
Listing Agent
Ae Realty
Listing Agent's Description
This is the one you have been looking for! 1 story, 4 bedroom, 2 bath home is located in a quiet, established and desirable neighborhood. It has oversize spacious backyard, mature trees. It also has new kitchen with granite countertops and fresh paint, new flooring throughout house, new roof, new HVAC. Centrally located, well maintained, quarter-acre flat yard, corner lot in a cul-de-sac, covered Texas-Style patio perfect for entertaining and bbq parties, fireplace in welcoming living room. Find yourself close to 281, I-35, 1604, and walking distance to McAllister Park.
SEE MORE
- 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: Burning Tree
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Burning Tree
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$591 | |
| Property Insurance | -$121 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$171
|
||
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.
$264,900
PROJECTED PRICE
$1,560
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.41% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.02% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$75,949
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,225 |
| Loan Amount | $198,675 |
0.67
YEARS SAVED
$796
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,518
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
2703 Burning Oak St San Antonio, TX 4
- 4 beds 2 baths ∙ 1,619 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,619 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $1,560
- $0.96
-
2738 Knoll Tree St San Antonio, TX 1
- 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1979
LEASED 03/26/20- Rent
- Rent Per SQFT
- $1,445
- $0.88
-
3027 Heidi St San Antonio, TX 2
- 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1979
LEASED 12/29/20- Rent
- Rent Per SQFT
- $1,475
- $0.98
-
14014 Tangle Tree St San Antonio, TX 3
- 3 beds 3 baths ∙ 1,634 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,634 Sqft ∙ Built 1978
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,525
- $0.93
-
14119 Broken Tree St San Antonio, TX 5
- 4 beds 2 baths ∙ 1,653 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,653 Sqft ∙ Built 1977
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,595
- $0.96
PROPERTY LISTING DETAILS
1.210.201.6608
Ae Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1508396
Last Updated: 02/06/2021
