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3113 Old Ranch Rd San Antonio, TX 78217

3 Beds 2 Baths 1,824 sqft Built 1977

$255,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $139.80
  • 2 Days on Market
  • MLS # : 1503145
  • Updated Date : 01/09/2021 at 18:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,824 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage Llc

Listing Agent's Description

This San Antonio one-story home offers a two-car garage. This home is vacant and cleaned regularly.

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: MacArthur Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $86k266k

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

Neighborhood: MacArthur Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8451842

* 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
Oak Grove Elementary School Primary Regular 440 32 3
Garner Middle School Middle Regular 992 69 6
Macarthur High School High Regular 2,544 153 6

Oak Grove Elementary School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 32
3
GreatSchools Rating

Garner Middle School

  • Education Level: Middle
  • # of students: 992
  • # of teachers: 69
6
GreatSchools Rating

Macarthur High School

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

$229,500$280,500$255,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$886
Property Tax -$569
Property Insurance -$132
Property Management Fees -$99
CASH FLOW
-$106

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.

$255,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 6.3%
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$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,874

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,610

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,4453$1,5804$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 3113 Old Ranch Rd San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.87
    •  
  • 354 Haverford Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1959
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.87
    •  
  • 359 Haverford Dr San Antonio, TX 2
    • 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1957
    LEASED 12/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.82
    •  
  • 10206 Grenadier Way San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,949 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,949 Sqft ∙ Built 1968
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.87
    •  
  • 3110 Satellite Dr San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,808 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,808 Sqft ∙ Built 1968
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
PROPERTY LISTING DETAILS
Feras Rachid
1.214.378.3667
Opendoor Brokerage Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1503145
Last Updated: 01/09/2021
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