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2756 Barkey Springs San Antonio, TX 78245

5 Beds 4 Baths 2,141 sqft Built 2020

$259,715

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $121.31
  • 6 Days on Market
  • MLS # : 1501033
  • Updated Date : 12/24/2020 at 19:43
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,141 sqft
  • Baths : 3 full , 1 half
Listing Agent

Rhapsody Realty Services, Llc

Listing Agent's Description

New Century Communities Home Ready to Move-In January 2021. 5 Bedroom, 3.5 Bath, 2 Car Garage Home offers open floor plan with tile throughout the entry, kitchen, family, and dinning room. Upgrades throughout the home such as stainless steel appliances, garden tub in Owner's Bath, and many more.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • The metro contributes to 7.2 percent of Texas state economy i.e. Gross State Product (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
Medina Valley Middle School Middle Regular 976 58 5
Medina Valley High School High Regular 1,159 67 6

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
 

$233,744$285,687$259,715

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$958
Property Tax -$596
Property Insurance -$151
HOA -$42
Property Management Fees -$99
CASH FLOW
-$205

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.

$259,715

PROJECTED PRICE

$1,640

PROJECTED RENT

0.63%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$70,824

INVESTMENT

$70,824

Down Payment
$64,929
Rehab Estimate
$2,000
Closing Costs
$3,896

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$958

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,929
Loan Amount $194,786
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$463

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,772

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,640
1$1,6402$1,8003$1,9004$1,9955$2,075
$2,075
RENT COMPS ANALYSIS
  • 2756 Barkey Springs San Antonio, TX 1
    • 5 beds 4 baths ∙ 2,141 Sqft ∙ Built 2020 5 beds 4 baths ∙ 2,141 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.77
    •  
  • 2115 Cerberus Dr San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 2017
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.80
    •  
  • 15127 Dione Bend San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2018
    property image
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.83
    •  
  • 15002 Costa Leon San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2018
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.83
    •  
  • 2543 Golden Rain San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 2016
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.85
    •  
PROPERTY LISTING DETAILS
Michael Harrell
1.210.483.3645
Rhapsody Realty Services, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1501033
Last Updated: 12/24/2020
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