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3426 Hightree Dr San Antonio, TX 78217

3 Beds 2 Baths 1,411 sqft Built 1970

$194,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $137.49
  • 4 Days on Market
  • MLS # : 1515010
  • Updated Date : 03/19/2021 at 19:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,411 sqft
  • Baths : 2 full
Listing Agent

Agas Ventures Llc

Listing Agent's Description

Affordability and newly remodeled. New interior and exterior paint, brand new roof, granite, stainless, fantastic lot and outdoor space in quiet neighborhood. Very close to all freeways and Lady Bird Johnson Park. Potential for a 4th bedroom. Master bath is very tight.

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: Oak Grove

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $66k205k

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

Neighborhood: Oak Grove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7971472

* 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
Oak Grove Elementary School Primary Regular 440 32 3
Garner Middle School Middle Regular 992 69 6
Macarthur High School High Regular 2,544 153 6

Oak Grove Elementary School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 32
3
GreatSchools Rating

Garner Middle School

  • Education Level: Middle
  • # of students: 992
  • # of teachers: 69
6
GreatSchools Rating

Macarthur High School

  • Education Level: High
  • # of students: 2,544
  • # of teachers: 153
6
GreatSchools Rating
 

$174,600$213,400$194,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$674
Property Tax -$433
Property Insurance -$109
Property Management Fees -$99
CASH FLOW
$76

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.

$194,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 9.3%
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-$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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,160

INVESTMENT

$57,160

Down Payment
$48,500
Rehab Estimate
$5,750
Closing Costs
$2,910

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$674

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,500
Loan Amount $145,500
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$9,131

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,499

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,1953$1,3904$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 3426 Hightree Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.99
    •  
  • 10911 Wayward Dr San Antonio, TX 1
    • 3 beds 1 baths ∙ 1,181 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,181 Sqft ∙ Built 1971
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.01
    •  
  • 10818 Edgecrest Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,138 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,138 Sqft ∙ Built 1968
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.05
    •  
  • 9718 Titan Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1968
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.06
    •  
  • 10747 Lake Path Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1985
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.13
    •  
PROPERTY LISTING DETAILS
Adam Gates
1.512.627.6735
Agas Ventures Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1515010
Last Updated: 03/19/2021
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