Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2846 Burning Log St San Antonio, TX 78247

3 Beds 2 Baths 1,346 sqft Built 1982

$150,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $111.44
  • 3 Days on Market
  • MLS # : 1500366
  • Updated Date : 12/19/2020 at 15:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,346 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Legacy

Listing Agent's Description

Location, location, location! Great investment opportunity for the do it yourself kind! Priced way below BCAD to move quickly. 3 bedrooms, 2 baths, living/dining combo. Covered patio, great for your BBQ's! Convenient to shopping, restaurants, highways, medical and just minutes from McAllister park!

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: Burning Tree

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $86k226k

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

Neighborhood: Burning Tree

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8451573

* 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
Wetmore Elementary School Primary Regular 731 45 6
Driscoll Middle School Middle Regular 900 54 5
Macarthur High School High Regular 2,544 153 6

Wetmore Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 45
6
GreatSchools Rating

Driscoll Middle School

  • Education Level: Middle
  • # of students: 900
  • # of teachers: 54
5
GreatSchools Rating

Macarthur High School

  • Education Level: High
  • # of students: 2,544
  • # of teachers: 153
6
GreatSchools Rating
 

$135,000$165,000$150,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$553
Property Tax -$413
Property Insurance -$105
Property Management Fees -$99
CASH FLOW
$330

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.

$150,000

PROJECTED PRICE

$1,500

PROJECTED RENT

1.00%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,500

INVESTMENT

$45,500

Down Payment
$37,500
Rehab Estimate
$5,750
Closing Costs
$2,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$553

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $37,500
Loan Amount $112,500
See What Happens When You Reinvest Cash Flow

12.42

YEARS SAVED

$34,171

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,380

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,4254$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 2846 Burning Log St San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.11
    •  
  • 12106 Stoney Pond San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1994
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.00
    •  
  • 12215 Stoney Cove San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,334 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,334 Sqft ∙ Built 1993
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.05
    •  
  • 3219 Stoney Grove San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1993
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.01
    •  
  • 3203 Stoney Sq San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1986
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.04
    •  
PROPERTY LISTING DETAILS
Stacy Dean-peters
1.210.771.7873
Keller Williams Legacy
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1500366
Last Updated: 12/19/2020
BESbswy