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3222 Storm Watch San Antonio, TX 78245

3 Beds 3 Baths 2,189 sqft Built 2016

$255,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $116.49
  • 3 Days on Market
  • MLS # : 1512750
  • Updated Date : 03/07/2021 at 03:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,189 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rebate Haus, Llc

Listing Agent's Description

This 2-story home features 3 bedrooms, 2 1/2 bathrooms, and a 2 car garage in the Champions Manor neighborhood. With 2,189 sqft of living space, this house is the perfect home to grow into. Conveniently located next to Lackland and Medina Training Annex, 25 minutes from downtown, and 12 minutes from Sea World --convenient for any visitors you may have coming around. Ready to visit this home? Schedule your appointment today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Potranco Elementary School Primary Regular 807 44 8
Medina Valley Middle School Middle Regular 976 58 5
Medina Valley High School High Regular 1,159 67 6

Potranco Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 44
8
GreatSchools Rating

Medina Valley Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 58
5
GreatSchools Rating

Medina Valley High School

  • Education Level: High
  • # of students: 1,159
  • # of teachers: 67
6
GreatSchools Rating
 

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

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$886
Property Tax -$569
Property Insurance -$153
HOA -$18
Property Management Fees -$99
CASH FLOW
-$85

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

$1,640

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
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 65% 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

1.42

YEARS SAVED

$2,240

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,658

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,640
1$1,6402$1,6503$1,7454$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 3222 Storm Watch San Antonio, TX 1
    • 3 beds 2 baths ∙ 2,189 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,189 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.75
    •  
  • 11337 Top Hat San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 2017
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.73
    •  
  • 11307 Decidedly San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 2015
    property image
    LEASED 03/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.79
    •  
  • 11315 Applejack San Antonio, TX 4
    • 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 2016
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 3310 Battlecry San Antonio, TX 5
    • 3 beds 3 baths ∙ 2,266 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,266 Sqft ∙ Built 2017
    property image
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
PROPERTY LISTING DETAILS
Christopher Marti
1.210.404.7724
Rebate Haus, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1512750
Last Updated: 03/07/2021
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