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3134 Hitching Post St San Antonio, TX 78217

3 Beds 3 Baths 2,355 sqft Built 1979

$345,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $146.50
  • 66 Days on Market
  • MLS # : 1493788
  • Updated Date : 11/17/2020 at 06:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,355 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Heritage

Listing Agent's Description

Lovely home in sought-after neighborhood. 3 bed, 2.5 bath in Forest Oaks. All brick exterior on a corner lot with side-entry garage. Tile floors throughout. Two living areas and two dining areas. The family room ample built-in storage, a fireplace, and a wet-bar. Split bedroom floor plan. Kitchen features a Viking cooktop with 4 gas burners and a grill. There is a sunroom which could be the perfect home office. The backyard features a large patio plus plenty of room for kids or pets to play. Conveniently located near loop 410 with easy access to excellent restaurants and shopping. Make your appointment today!

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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,198
Property Tax -$770
Property Insurance -$163
Property Management Fees -$99
CASH FLOW
-$230

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.

$345,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.58%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$850

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,114

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9953$2,0004$2,2955$2,400
$2,400
RENT COMPS ANALYSIS
  • 3134 Hitching Post St San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,355 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,355 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
  • 3710 Twisted Oaks Dr San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 1970
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
  • 8835 Sagebrush Ln San Antonio, TX 2
    • 3 beds 2 baths ∙ 2,413 Sqft ∙ Built 1961 3 beds 2 baths ∙ 2,413 Sqft ∙ Built 1961
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.83
    •  
  • 34 Campden Circle San Antonio, TX 4
    • 3 beds 2 baths ∙ 2,390 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,390 Sqft ∙ Built 1984
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.96
    •  
  • 8808 Carriage Dr San Antonio, TX 5
    • 3 beds 4 baths ∙ 2,444 Sqft ∙ Built 1979 3 beds 4 baths ∙ 2,444 Sqft ∙ Built 1979
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.98
    •  
PROPERTY LISTING DETAILS
Trent Boarnet
1.210.884.2353
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1493788
Last Updated: 11/17/2020
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