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3303 Candleside Dr San Antonio, TX 78244

4 Beds 3 Baths 1,832 sqft Built 2011

$199,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $109.12
  • 3 Days on Market
  • MLS # : 1497093
  • Updated Date : 11/28/2020 at 18:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,832 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sands Realty

Listing Agent's Description

Come see this Beautifully well maintained home. Sellers have decided to downsize. Large rear covered patio/deck with also another covered area to sit and relax. Outdoor shed for plenty of tools. Large master walk in closet. Original homeowners that built it and bought it new. Walk the whole property using this link https://my.matterport.com/show/?m=bH8cnCmKjcK

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Candlewood

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Candlewood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Candlewood Elementary School Primary Regular 670 49 2
Metzger Middle School Middle Regular 967 57 3
Wagner High School High Regular 2,274 138 3

Candlewood Elementary School

  • Education Level: Primary
  • # of students: 670
  • # of teachers: 49
2
GreatSchools Rating

Metzger Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 57
3
GreatSchools Rating

Wagner High School

  • Education Level: High
  • # of students: 2,274
  • # of teachers: 138
3
GreatSchools Rating
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$738
Property Tax -$446
Property Insurance -$133
HOA -$23
Property Management Fees -$99
CASH FLOW
$112

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$199,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 3.0%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$12,504

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,534

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5063$1,5504$1,5955$1,645
$1,645
RENT COMPS ANALYSIS
  • 3303 Candleside Dr San Antonio, TX 3
    • 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 2011 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 3035 Candleside Dr San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,648 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,648 Sqft ∙ Built 2009
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.82
    •  
  • 6427 Candleoak Circle San Antonio, TX 2
    • 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 2013
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,506
    • $0.82
    •  
  • 6502 Candlearch Cir San Antonio, TX 4
    • 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 2014
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.87
    •  
  • 6523 Candlecrest Ct San Antonio, TX 5
    • 4 beds 3 baths ∙ 1,962 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,962 Sqft ∙ Built 2012
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.84
    •  
PROPERTY LISTING DETAILS
Elvis Lopez
1.210.632.7409
Sands Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1497093
Last Updated: 11/28/2020
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