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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $158.07
- 3 Days on Market
- MLS # : 1500436
- Updated Date : 12/19/2020 at 00:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,028 sqft
- Baths : 2 full
Listing Agent
Homeriver San Antonio
Listing Agent's Description
MAJOR REMODEL!!!! Re-painted inside and outside, Cabinets replaced, Granit counter tops installed in kitchen and bathrooms with undermount sinks and brushed nickel faucets, Vinyl plank flooring installed throughout, Stainless steel appliances replaced, Light fixtures replaced, master shower/tub replaced with walk in shower, Crown molding at top of kitchen cabinets, doorknobs replaced with brushed nickel, baseboards replaced, Absolutely gorgeous with a soft gray and brushed nickel color scheme. Loctaed just inside Loop 1604 and quick commute to Lackland Air Force Base, Seaworld and downtown San Antonio.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,120 |
| EXPENSES | Loan Payment | -$600 |
| Property Tax | -$363 | |
| Property Insurance | -$86 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$28
|
||
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.
$162,500
PROJECTED PRICE
$1,120
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$48,813
LOAN DETAILS
$600
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $40,625 |
| Loan Amount | $121,875 |
2.5
YEARS SAVED
$3,465
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,120
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$995
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
2859 Almond Field Dr San Antonio, TX 4
- 3 beds 2 baths ∙ 1,028 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,028 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $1,120
- $1.09
-
10231 Raven Field Dr San Antonio, TX 1
- 3 beds 2 baths ∙ 1,023 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,023 Sqft ∙ Built 1985
LEASED 01/23/20- Rent
- Rent Per SQFT
- $975
- $0.95
-
10223 Redfish Cavern San Antonio, TX 2
- 3 beds 2 baths ∙ 980 Sqft ∙ Built 2001 3 beds 2 baths ∙ 980 Sqft ∙ Built 2001
LEASED 05/15/20- Rent
- Rent Per SQFT
- $975
- $0.99
-
2891 Ash Field Dr San Antonio, TX 3
- 3 beds 1 baths ∙ 1,149 Sqft ∙ Built 1984 3 beds 1 baths ∙ 1,149 Sqft ∙ Built 1984
LEASED 04/22/20- Rent
- Rent Per SQFT
- $1,100
- $0.96
-
10106 Sungate Park San Antonio, TX 5
- 3 beds 2 baths ∙ 1,186 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,186 Sqft ∙ Built 2002
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,149
- $0.97
PROPERTY LISTING DETAILS
1.210.789.3727
Homeriver San Antonio
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1500436
Last Updated: 12/19/2020
