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

2939 Sunday Song San Antonio, TX 78245

4 Beds 3 Baths 2,544 sqft Built 2010

$254,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $99.84
  • 4 Days on Market
  • MLS # : 1494757
  • Updated Date : 11/12/2020 at 20:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,544 sqft
  • Baths : 2 full , 1 half
Listing Agent

Middleton Group Realty

Listing Agent's Description

This one has it all. 4 bedrooms with 2.5 baths. Large kitchen with plenty of storage and lots of Granite countertops. Master is down with seperate tub and shower. dual vanities and large walk in closet. Upstairs offers three ample bedrooms, large gameroom and media roon ( currently used as bedroom 5).Big back yard with covered patio rounds out this wonderful Meritage built home.

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
Potranco Elementary School Primary Regular 807 44 8
Medina Valley Middle School Middle Regular 976 58 5
Medina Valley High School High Regular 1,159 67 6

Potranco Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 44
8
GreatSchools Rating

Medina Valley Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 58
5
GreatSchools Rating

Medina Valley High School

  • Education Level: High
  • # of students: 1,159
  • # of teachers: 67
6
GreatSchools Rating
 

$228,600$279,400$254,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$937
Property Tax -$567
Property Insurance -$174
HOA -$22
Property Management Fees -$99
CASH FLOW
-$179

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.

$254,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.64%

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$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$73,060

INVESTMENT

$73,060

Down Payment
$63,500
Rehab Estimate
$5,750
Closing Costs
$3,810

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,500
Loan Amount $190,500
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$756

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,762

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6203$1,6504$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 2939 Sunday Song San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.64
    •  
  • 2602 Skybound San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2006
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.66
    •  
  • 11154 Bold Forbes San Antonio, TX 3
    • 5 beds 3 baths ∙ 2,527 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,527 Sqft ∙ Built 2007
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.65
    •  
  • 11327 Applejack San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2017
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.72
    •  
  • 11319 Decidedly San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2016
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.74
    •  
PROPERTY LISTING DETAILS
Bobby Middleton
1.210.410.4136
Middleton Group Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1494757
Last Updated: 11/12/2020
BESbswy