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2823 Sunset Bend San Antonio, TX 78244

3 Beds 2 Baths 1,653 sqft Built 2018

$211,489

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $127.94
  • 2 Days on Market
  • MLS # : 1504436
  • Updated Date : 01/16/2021 at 20:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,653 sqft
  • Baths : 2 full
Listing Agent

Texas Premier Realty

Listing Agent's Description

Come see this nice almost NEW!!! 3 bedroom 2 bath Home Located only 5 miles away from SAMMC Hospital and a short drive to Downtown. The home has been well maintained. Ceiling Fans in every room, Sprinkler System, Covered Patio with a fan, Additional electrical outlets in the Master Bathroom, Additional Lighting in Pantry area, Large open Kitchen with eat-in Breakfast bar, Granite countertops, Stainless Steel appliances and large cabinets. The kitchen area opens to a spacious Living room that extends to the covered patio. Master Bathroom has a Separate tub and shower and large walk-in closet and dual vanity sink.

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: East San Antonio

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: East San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Masters Elementary School Primary Regular 757 45 6
Metzger Middle School Middle Regular 967 57 3
Wagner High School High Regular 2,274 138 3

Masters Elementary School

  • Education Level: Primary
  • # of students: 757
  • # of teachers: 45
6
GreatSchools Rating

Metzger Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 57
3
GreatSchools Rating

Wagner High School

  • Education Level: High
  • # of students: 2,274
  • # of teachers: 138
3
GreatSchools Rating
 

$190,340$232,638$211,489

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$735
Property Tax -$472
Property Insurance -$122
HOA -$20
Property Management Fees -$99
CASH FLOW
-$98

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$211,489

PROJECTED PRICE

$1,350

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
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-$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$61,795

INVESTMENT

$61,795

Down Payment
$52,872
Rehab Estimate
$5,750
Closing Costs
$3,172

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$735

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,872
Loan Amount $158,617
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,005

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,475

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3503$1,3804$1,4505$1,550
$1,550
RENT COMPS ANALYSIS
  • 2823 Sunset Bend San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.82
    •  
  • 3527 Candlehead Ln San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,501 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,501 Sqft ∙ Built 1998
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.83
    •  
  • 6102 Candletree San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,501 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,501 Sqft ∙ Built 2000
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.92
    •  
  • 2615 Indian Forest San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 2016
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.91
    •  
  • 2602 Live Oak Pass San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 2017
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
PROPERTY LISTING DETAILS
Carlos Gradiz
1.210.896.0676
Texas Premier Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1504436
Last Updated: 01/16/2021
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