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2764 Barkey Springs San Antonio, TX 78245

4 Beds 4 Baths 2,587 sqft Built 2021

$389,664

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $150.62
  • 2 Days on Market
  • MLS # : 1545194
  • Updated Date : 07/13/2021 at 01:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,587 sqft
  • Baths : 3 full , 1 half
Listing Agent

Fraire Realty Group, Inc.

Listing Agent's Description

2587 sqft Liberty Home Builders, Sullivan Plan, 4 bedrooms, 2.5 baths, large gameroom, master downstairs with bay window and spa shower, covered patio, recessed led lighting, island kitchen, walking pantry, gas range, mud bench, good size secondary rooms all with walk-in closets, large utility room, walking distance to community pool, king and biking trails, new elementary school within the community, come out and see what our Sullivan Plan has to offer you.

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
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
 

$350,698$428,630$389,664

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,353
Property Tax -$870
Property Insurance -$176
HOA -$56
Property Management Fees -$99
CASH FLOW
-$384

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.

$389,664

PROJECTED PRICE

$2,170

PROJECTED RENT

0.56%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,261

INVESTMENT

$105,261

Down Payment
$97,416
Rehab Estimate
$2,000
Closing Costs
$5,845

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,353

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,416
Loan Amount $292,248
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$73

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,160

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9953$2,0754$2,1705$2,500
$2,500
RENT COMPS ANALYSIS
  • 2764 Barkey Springs San Antonio, TX 4
    • 4 beds 4 baths ∙ 2,587 Sqft ∙ Built 2021 4 beds 4 baths ∙ 2,587 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.84
    •  
  • 2427 Valencia Crest San Antonio, TX 1
    • 5 beds 3 baths ∙ 2,629 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,629 Sqft ∙ Built 2019
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.74
    •  
  • 15002 Costa Leon San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2018
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.83
    •  
  • 2543 Golden Rain San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 2016
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.85
    •  
  • 2842 Tortuga Verde San Antonio, TX 5
    • 4 beds 2 baths ∙ 2,704 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,704 Sqft ∙ Built 2016
    LEASED 06/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.92
    •  
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 #: 1545194
Last Updated: 07/13/2021
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