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2919 Village Pkwy San Antonio, TX 78251

3 Beds 2 Baths 1,883 sqft Built 1994

$235,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $124.80
  • 12 Days on Market
  • MLS # : 1501616
  • Updated Date : 01/10/2021 at 06:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,883 sqft
  • Baths : 2 full
Listing Agent

Gloria M. Hernandez

Listing Agent's Description

VERY NICE CONTEMPORARY ONE STORY W/ GOOD SIZED ROOMS. SEP. DINING RM, ART NICHES, CORNER FP W/ CERAMIC SURROUND, CROWN MOULDING, COFFERED CEILINGS, LARGE EAT-IN KITCHEN, SPLIT PLAN, HUGE WALK IN CLOSET AND GARDEN TUB. MATURE TREES & SPRINKLER SYS. WALKING DISTANCE TO MYERS ELEM. READY FOR YOUR BUYER!!

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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: Woodglen

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Woodglen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27508008509009501000105011001150120012501300135014001450Rent in $7411472

* 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
Myers Elementary School Primary Regular 738 50 4
Jordan Middle School Middle Regular 1,353 78 5
Warren High School High Regular 3,052 176 7

Myers Elementary School

  • Education Level: Primary
  • # of students: 738
  • # of teachers: 50
4
GreatSchools Rating

Jordan Middle School

  • Education Level: Middle
  • # of students: 1,353
  • # of teachers: 78
5
GreatSchools Rating

Warren High School

  • Education Level: High
  • # of students: 3,052
  • # of teachers: 176
7
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$816
Property Tax -$525
Property Insurance -$136
HOA -$14
Property Management Fees -$99
CASH FLOW
-$180

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.

$235,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 4.2%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$331

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,422

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4103$1,4354$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 2919 Village Pkwy San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,883 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,883 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.75
    •  
  • 2815 Hayden Hollow San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1983
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.74
    •  
  • 8247 Elm Glade San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 2004
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.74
    •  
  • 4518 Cerca Royale San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,997 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,997 Sqft ∙ Built 2006
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.73
    •  
  • 8518 Oak Branch San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2006
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.81
    •  
PROPERTY LISTING DETAILS
Gloria Hernandez
1.562.619.8717
Gloria M. Hernandez
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1501616
Last Updated: 01/10/2021
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