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3325 Stoney Sq San Antonio, TX 78247

3 Beds 2 Baths 1,201 sqft Built 1984

$198,900

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $165.61
  • 4 Days on Market
  • MLS # : 1508116
  • Updated Date : 02/05/2021 at 01:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,201 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homeriver San Antonio

Listing Agent's Description

REMODELED!!!!Single story 3 bedroom with 1.5 baths just north of the airport, re-painted inside and outside, cabinets replaced, granite counter tops installed with undermount sinks, Stainless steel electric range, microwave and dishwasher installed, ductwork replaced in attic, garage door opener, fireplace in living room, Seller offering $3,000 flooring allowance if Buyer prefers different flooring. Conveniently located between Loop 410 and Loop 1604 and near Wurzbach Parkway.

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: 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
 

$179,010$218,790$198,900

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$691
Property Tax -$444
Property Insurance -$96
HOA -$17
Property Management Fees -$99
CASH FLOW
-$147

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.

$198,900

PROJECTED PRICE

$1,200

PROJECTED RENT

0.60%

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-$4.0k-$2.0k$0.0$2.0k$4.0k

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$58,459

INVESTMENT

$58,459

Down Payment
$49,725
Rehab Estimate
$5,750
Closing Costs
$2,984

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$691

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,725
Loan Amount $149,175
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$370

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,240

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3953$1,4004$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 3325 Stoney Sq San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,201 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,201 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.00
    •  
  • 12106 Stoney Pond San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1994
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.00
    •  
  • 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
    •  
  • 12215 Stoney Cove San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,334 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,334 Sqft ∙ Built 1993
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.05
    •  
  • 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
Clyde Johnson
1.210.789.3727
Homeriver San Antonio
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508116
Last Updated: 02/05/2021
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