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2806 Davis Trace San Antonio, TX 78245

5 Beds 3 Baths 2,539 sqft Built 2018

$270,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $106.34
  • 3 Days on Market
  • MLS # : 1507004
  • Updated Date : 01/29/2021 at 22:52
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,539 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

A beautiful and meticulously cared for home on an oversized corner lot with plenty of space for indoor and outdoor entertaining! The first floor features an open floor plan with a spacious dining room, a large eat-in kitchen with granite countertops and a granite island as well as stainless steel appliances! The kitchen opens into a large living room with an added ceiling fan! The large master bedroom is downstairs with an added ceiling fan and double vanities in the master bath along with a large walk-in closet! Upstairs are four spacious secondary bedrooms with added ceiling fans and a massive game room! The large backyard includes an added storage shed! Sprinkler system! Added water softener and reverse osmosis system that convey! A must see home!

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

Neighborhood: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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 Unknown NA
Medina Valley High School High Unknown NA

Potranco Elementary School

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

Medina Valley Middle School

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

Medina Valley High School

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

$243,000$297,000$270,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$938
Property Tax -$603
Property Insurance -$174
HOA -$33
Property Management Fees -$99
CASH FLOW
-$6

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.

$270,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 8.00%
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

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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$5,238

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,809

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7953$1,8004$1,8255$1,840
$1,840
RENT COMPS ANALYSIS
  • 2806 Davis Trace San Antonio, TX 5
    • 5 beds 3 baths ∙ 2,539 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,539 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.72
    •  
  • 11327 Applejack San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2017
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.72
    •  
  • 11418 Lost Mine Trail San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 2012
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.71
    •  
  • 11431 Unbridled San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 2017
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.73
    •  
  • 11506 Fort Smith San Antonio, TX 4
    • 5 beds 4 baths ∙ 2,657 Sqft ∙ Built 2012 5 beds 4 baths ∙ 2,657 Sqft ∙ Built 2012
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.69
    •  
PROPERTY LISTING DETAILS
Andrew Tolan
1.210.275.8605
Coldwell Banker D'ann Harper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1507004
Last Updated: 01/29/2021
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