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3218 Stoney Fork San Antonio, TX 78247

3 Beds 2 Baths 1,056 sqft Built 1986

$180,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $170.45
  • 3 Days on Market
  • MLS # : 1502988
  • Updated Date : 01/08/2021 at 21:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,056 sqft
  • Baths : 2 full
Listing Agent

Kuper Sotheby's Int'l Realty

Listing Agent's Description

This charming home is conveniently located in a gated subdivision on a quiet corner lot next to green space. Walking distance to McAllister Park and minutes away from airport. Minimal maintenance gives you more time to enjoy all of what San Antonio has to offer. Open floor plan with wood burning fireplace in living room. Updates in master bath include spa tub.

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: Ridgestone

NeighborhoodNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $74k205k

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

Neighborhood: Ridgestone

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8451472

* 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
Wetmore Elementary School Primary Regular 731 45 6
Driscoll Middle School Middle Regular 900 54 5
Macarthur High School High Regular 2,544 153 6

Wetmore Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 45
6
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
 

$162,000$198,000$180,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$625
Property Tax -$402
Property Insurance -$88
HOA -$25
Property Management Fees -$99
CASH FLOW
-$29

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.

$180,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 8.1%
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-$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$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$2,807

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,090

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,2103$1,4004$1,4255$1,450
$1,450
RENT COMPS ANALYSIS
  • 3218 Stoney Fork San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,056 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,056 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $1.15
    •  
  • 12110 Stoney Ash San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,062 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,062 Sqft ∙ Built 1983
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.04
    •  
  • 3338 Stoney Country San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 1984
    property image
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.04
    •  
  • 3219 Stoney Grove San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1993
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.01
    •  
  • 3203 Stoney Sq San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1986
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.04
    •  
PROPERTY LISTING DETAILS
Ginger Browning
1.830.837.1891
Kuper Sotheby's Int'l Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1502988
Last Updated: 01/08/2021
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