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339 W Silver Sands Dr San Antonio, TX 78216

4 Beds 2 Baths 1,739 sqft Built 1970

$290,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $166.76
  • 2 Days on Market
  • MLS # : 1496624
  • Updated Date : 02/13/2021 at 19:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,739 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Heritage

Listing Agent's Description

Ready for immediate move-in. This beautiful one story house is just over 1700 ft.2 with four bedrooms and two baths. It is situated on a lovely corner lot with tremendous landscaping and lots of mature trees. Freshly painted on the inside. Plantation shutters throughout the house. Large covered patio. Storage shed in backyard is 12 x 13.The Churchill high school area location is convenient to all major shopping. Great schools quiet neighborhood oversize lot. Schedule an appointment today this Will not last on the market.

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: Greater Harmony Hils

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $86k240k

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

Neighborhood: Greater Harmony Hils

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451647

* 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
Harmony Hills Elementary School Primary Regular 682 43 2
Eisenhower Middle School Middle Regular 1,162 68 5
Churchill High School High Regular 2,981 169 7

Harmony Hills Elementary School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 43
2
GreatSchools Rating

Eisenhower Middle School

  • Education Level: Middle
  • # of students: 1,162
  • # of teachers: 68
5
GreatSchools Rating

Churchill High School

  • Education Level: High
  • # of students: 2,981
  • # of teachers: 169
7
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,007
Property Tax -$647
Property Insurance -$127
Property Management Fees -$99
CASH FLOW
-$131

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.

$290,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 6.9%
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$800k$900k

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$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,929

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,739

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6603$1,6754$1,6755$1,750
$1,750
RENT COMPS ANALYSIS
  • 339 W Silver Sands Dr San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,739 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,739 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
  • 1022 Morey Peak Dr San Antonio, TX 1
    • 4 beds 2 baths ∙ 1,713 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,713 Sqft ∙ Built 1963
    property image
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 11526 Raindrop Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1964
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.00
    •  
  • 922 Fabulous Dr San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,747 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,747 Sqft ∙ Built 1965
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.96
    •  
  • 302 Enchanted Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1960
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.08
    •  
PROPERTY LISTING DETAILS
Liza Reyes
1.210.389.4487
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1496624
Last Updated: 02/13/2021
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