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2741 Barkey Springs San Antonio, TX 78245

4 Beds 4 Baths 2,096 sqft Built 2021

$326,221

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $155.64
  • 2 Days on Market
  • MLS # : 1514048
  • Updated Date : 03/13/2021 at 15:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,096 sqft
  • Baths : 2 full , 2 half
Listing Agent

Fraire Realty Group, Inc.

Listing Agent's Description

Beautiful 3 bedroom 2 bath home with a huge Study that can be used also as a Gameroom or Formal Dining Room. Light Cabinets with a granite countertop in the kitchen, luxuary vinyl flooring throughout the main living space as well as kitchen and dining area. Covered back patio, bay window in the Master Bedroom and an oversized garage with a 5' extension to the side for extra storage space. A must see!

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

Zip Code: 78245

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Zip Code: 78245

ZipNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7721472

* 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 Unknown NA
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:
  • # of teachers:
NA
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
 

$293,599$358,843$326,221

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,133
Property Tax -$728
Property Insurance -$148
HOA -$54
Property Management Fees -$99
CASH FLOW
-$202

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$326,221

PROJECTED PRICE

$1,960

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.7%
Maintenance Year (1-5) 3.00%
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$800k

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,449

INVESTMENT

$88,449

Down Payment
$81,555
Rehab Estimate
$2,000
Closing Costs
$4,893

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,133

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,555
Loan Amount $244,666
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$911

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,923

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9603$2,0004$2,1005$2,300
$2,300
RENT COMPS ANALYSIS
  • 2741 Barkey Springs San Antonio, TX 2
    • 4 beds 4 baths ∙ 2,096 Sqft ∙ Built 2021 4 beds 4 baths ∙ 2,096 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.94
    •  
  • 2115 Cerberus Dr San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 2017
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.80
    •  
  • 15124 Pandion Dr San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,074 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,074 Sqft ∙ Built 2018
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.96
    •  
  • 2059 Oedipus Dr San Antonio, TX 4
    • 3 beds 3 baths ∙ 2,182 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,182 Sqft ∙ Built 2017
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.96
    •  
  • 2406 Valencia Crest San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 2017
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.95
    •  
PROPERTY LISTING DETAILS
Isaac Torres
1.210.315.7955
Fraire Realty Group, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1514048
Last Updated: 03/13/2021
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