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3315 Foster Meadows San Antonio, TX 78222

4 Beds 3 Baths 1,661 sqft Built 2006

INVESTimate

$185,000

List Price

$1,300

$1,170 - $1,430

Rent Est.

$191,179  ( +3.34%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $111.38
  • 4 Days on Market
  • MLS # : 1478825
  • Updated Date : 08/26/2020 at 01:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,661 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams City-view

Listing Agent's Description

BUYERS DREAM HOME!! The Hickory has a Brick Front, 1 story, Oak cabinets, and a 12x8 patio slab and pre-wired for security system. Breakfast bar, breakfast noon and 1yr old HVAC !!

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: Lakeside

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Lakeside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6621456

* 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
Sinclair Elementary School Primary Regular 618 38 2
Legacy Middle School Middle Regular 1,146 64 2
East Central High School High Regular 2,943 146 3

Sinclair Elementary School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 38
2
GreatSchools Rating

Legacy Middle School

  • Education Level: Middle
  • # of students: 1,146
  • # of teachers: 64
2
GreatSchools Rating

East Central High School

  • Education Level: High
  • # of students: 2,943
  • # of teachers: 146
3
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$683
Property Tax -$413
Property Insurance -$123
HOA -$17
Property Management Fees -$99
CASH FLOW
-$34

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.

$185,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 3.34%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$2,978

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,362

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3003$1,3504$1,3755$1,495
$1,495
RENT COMPS ANALYSIS
  • 3315 Foster Meadows San Antonio, 2
    • 4 beds 3 baths ∙ 1,661 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,661 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.78
    •  
  • 6007 Southern Vista San Antonio, 1
    • 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 2017
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.82
    •  
  • 3407 Southton View San Antonio, 3
    • 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 2017
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.75
    •  
  • 4619 Le Villas San Antonio, 4
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2015
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.88
    •  
  • 2939 Lavender Meadow San Antonio, 5
    • 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 2018
    LEASED 05/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.83
    •  
PROPERTY LISTING DETAILS
Edward Garcia
1.210.776.9441
Keller Williams City-view
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478825
Last Updated: 08/26/2020
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