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316 Mystic Topaz Universal City, TX 78148

3 Beds 3 Baths 1,908 sqft Built 2015

$228,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $119.50
  • 5 Days on Market
  • MLS # : 1501627
  • Updated Date : 12/31/2020 at 00:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,908 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mitchell Realty

Listing Agent's Description

Available Now!! Stunning two story open floor plan located on a quiet Cul-de-sac. This pristine home boasts 9 foot first floor ceilings, 42 inch kitchen cabinets, Quartz countertops, upgraded stainless steel appliances and breakfast bar with built-in sitting space. Complete with beautiful wood ceramic plank flooring throughout the first floor. Second floor features a loft/game room, large Master Bedroom with an ensuite bathroom featuring a separate garden tub and shower with tile surround and double vanity. Located in Remington Place subdivision just off Loop 1604 with easy access to IH 35. Close in proximity to Randolph A.F.B., Fort Sam and SAMMC. A Must See!!

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: Universal City

ZipNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200kPrice in $91k205k

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

Neighborhood: Universal City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8441472

* 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
Salinas Elementary School Primary Regular 624 40 6
Kitty Hawk Middle School Middle Regular 1,298 83 6
Veterans Memorial High School High Regular NA

Salinas Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 40
6
GreatSchools Rating

Kitty Hawk Middle School

  • Education Level: Middle
  • # of students: 1,298
  • # of teachers: 83
6
GreatSchools Rating

Veterans Memorial High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$205,200$250,800$228,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$841
Property Tax -$525
Property Insurance -$137
HOA -$21
Property Management Fees -$99
CASH FLOW
-$23

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.

$228,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.4%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,170

INVESTMENT

$66,170

Down Payment
$57,000
Rehab Estimate
$5,750
Closing Costs
$3,420

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,000
Loan Amount $171,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$4,958

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,607

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5504$1,6005$1,750
$1,750
RENT COMPS ANALYSIS
  • 316 Mystic Topaz Universal City, TX 4
    • 3 beds 3 baths ∙ 1,908 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,908 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.84
    •  
  • 8907 Walnut Springs Universal City, TX 1
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2006
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.82
    •  
  • 487 Tumblebrook Universal City, TX 2
    • 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 2005
    property image
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.87
    •  
  • 8952 Scarlet Crk Universal City, TX 3
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2005
    property image
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 8722 Anton Schumann Dr Converse, TX 5
    • 4 beds 2 baths ∙ 2,104 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,104 Sqft ∙ Built 2017
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
PROPERTY LISTING DETAILS
Gloria Quesada
1.210.857.7467
Mitchell Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1501627
Last Updated: 12/31/2020
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