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

3138 Sable Crossing San Antonio, TX 78232

4 Beds 2 Baths 2,268 sqft Built 1998

$270,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $119.05
  • 4 Days on Market
  • MLS # : 1503039
  • Updated Date : 01/09/2021 at 22:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,268 sqft
  • Baths : 2 full
Listing Agent

Bk Properties

Listing Agent's Description

This is it! One story well taken care of 4 bedroom home in the super convenient and gated Redland Estates Subdivision. This small subdivision has wonderful mature trees. Nice private back yard with a large back patio you can entertain on or just have your zoom meetings for work on. A large storage shed in the backyard for any additional items that don't fit in the additional storage space in the garage. The living room offers a gas fireplace and lots of room to enjoy. Separate eating areas off of spacious kitchen. Gas cooking as well. Don't miss out, take a tour today! See the virtual tour at https://my.matterport.com/show/?m=4e3traeoU1M

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: Redland Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $86k305k

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

Neighborhood: Redland Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8451935

* 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
Redland Oaks Elementary School Primary Regular 505 34 8
Driscoll Middle School Middle Regular 900 54 5
Macarthur High School High Regular 2,544 153 6

Redland Oaks Elementary School

  • Education Level: Primary
  • # of students: 505
  • # of teachers: 34
8
GreatSchools Rating

Driscoll Middle School

  • Education Level: Middle
  • # of students: 900
  • # of teachers: 54
5
GreatSchools Rating

Macarthur High School

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

$243,000$297,000$270,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$938
Property Tax -$605
Property Insurance -$158
Property Management Fees -$99
CASH FLOW
$60

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.

$270,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 1.1%
Maintenance Year (1-5) 8.00%
Vacancy 9.32%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$7,742

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,979

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8603$1,9954$1,9955$2,015
$2,015
RENT COMPS ANALYSIS
  • 3138 Sable Crossing San Antonio, TX 2
    • 4 beds 2 baths ∙ 2,268 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,268 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.82
    •  
  • 16919 Kentucky Trl San Antonio, TX 1
    • 3 beds 2 baths ∙ 2,182 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,182 Sqft ∙ Built 1999
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
  • 2414 Cinco Woods San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,425 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,425 Sqft ∙ Built 2000
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.82
    •  
  • 16530 Redland Ranch San Antonio, TX 4
    • 4 beds 2 baths ∙ 2,173 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,173 Sqft ∙ Built 1995
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.92
    •  
  • 3102 Arts Cir San Antonio, TX 5
    • 4 beds 2 baths ∙ 2,173 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,173 Sqft ∙ Built 1996
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,015
    • $0.93
    •  
PROPERTY LISTING DETAILS
Alice Bruni
1.210.887.8828
Bk Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1503039
Last Updated: 01/09/2021
BESbswy