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27511 Lasso Bend San Antonio, TX 78260

3 Beds 2 Baths 1,735 sqft Built 2013

$239,900

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $138.27
  • 3 Days on Market
  • MLS # : 1511207
  • Updated Date : 02/26/2021 at 20:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,735 sqft
  • Baths : 2 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Gorgeous single story home offers 3 bedrooms and 2 bathrooms. Bright and open concept floorplan. Barn style door to office upon entry of home. Living area has a tray ceiling with crown molding and is open to eat-in kitchen. Kitchen features recessed lighting, island with breakfast bar, stainless steel appliances and decorative tile backsplash. Owner's retreat has a double vanity and separate garden tub/walk-in shower. Backyard has a privacy fence. This home is a must see! Exclusions: Air filter in garage. New A/C condenser installed Feb 2021.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

PRICE & RENT TRENDS

Neighborhood: Silverado Hills

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $86k369k

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

Neighborhood: Silverado Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8451847

* 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
Specht Elementary School Primary Regular 541 34 8
Pieper Ranch Middle School Middle Unknown NA
Smithson Valley High School High Regular 2,421 136 8

Specht Elementary School

  • Education Level: Primary
  • # of students: 541
  • # of teachers: 34
8
GreatSchools Rating

Pieper Ranch Middle School

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

Smithson Valley High School

  • Education Level: High
  • # of students: 2,421
  • # of teachers: 136
8
GreatSchools Rating
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$833
Property Tax -$536
Property Insurance -$127
HOA -$18
Property Management Fees -$99
CASH FLOW
$57

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.

$239,900

PROJECTED PRICE

$1,670

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 9.32%
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$10k

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$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$833

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$7,072

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,700

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5503$1,6354$1,6505$1,670
$1,670
RENT COMPS ANALYSIS
  • 27511 Lasso Bend San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.96
    •  
  • 27227 Lasso Bnd San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 2012
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.99
    •  
  • 819 Western Star San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 2012
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.00
    •  
  • 819 Rodeo Ranch San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 2007
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.94
    •  
  • 911 Rustic Cactus San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2009
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
PROPERTY LISTING DETAILS
Dayton Schrader
1.210.757.9785
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1511207
Last Updated: 02/26/2021
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