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2923 Black River Ln San Antonio, TX 78245

3 Beds 2 Baths 1,251 sqft Built 1983

$169,999

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $135.89
  • 2 Days on Market
  • MLS # : 1545160
  • Updated Date : 07/12/2021 at 21:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,251 sqft
  • Baths : 2 full
Listing Agent

Congress Realty, Inc

Listing Agent's Description

3 bedrooms 2 full bath with an extra back room that can be used an a bedroom or in home gym. 2 car garage with a huge driveway that can hold 6 more vehicles. House is located in a quite friendly neighborhood near 1604/hwy 90. New tile, completely remodeled guest restroom. Fridge, stove, washer and dryer will stay in unit unless you would like them removed, all are brand new except for stove. Fair priced for quick sale

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
Big Country Elementary School Primary Regular 711 45 8
Francis R. Scobee Middle School Middle Regular 968 59 4
Southwest High School High Regular 3,545 195 3

Big Country Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 45
8
GreatSchools Rating

Francis R. Scobee Middle School

  • Education Level: Middle
  • # of students: 968
  • # of teachers: 59
4
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$152,999$186,999$169,999

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$590
Property Tax -$379
Property Insurance -$99
Property Management Fees -$99
CASH FLOW
$2

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.

$169,999

PROJECTED PRICE

$1,170

PROJECTED RENT

0.69%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,800

INVESTMENT

$50,800

Down Payment
$42,500
Rehab Estimate
$5,750
Closing Costs
$2,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$590

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $42,500
Loan Amount $127,499
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$4,008

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,170

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,1702$1,2003$1,2504$1,2755$1,350
$1,350
RENT COMPS ANALYSIS
  • 2923 Black River Ln San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,251 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,251 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.94
    •  
  • 11423 Jarbo Pass Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1985
    property image
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.90
    •  
  • 11338 Crescent Peak San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,394 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,394 Sqft ∙ Built 1986
    property image
    LEASED 03/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.90
    •  
  • 11428 Big Elk Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 1984
    property image
    LEASED 04/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.96
    •  
  • 11419 Big Elk Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1984
    property image
    LEASED 04/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jared English
1.800.657.6579
Congress Realty, Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1545160
Last Updated: 07/12/2021
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