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3430 Kodiak Diamond San Antonio, TX 78245

4 Beds 3 Baths 2,311 sqft Built 2005

$247,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $107.27
  • 7 Days on Market
  • MLS # : 1491982
  • Updated Date : 10/31/2020 at 19:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,311 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dillingham & Toone Real Estate

Listing Agent's Description

No back neighbors!! Come see this beautiful home that backs up to a greenbelt in a great neighborhood and prime location! Home is located off of 1604 & Spurs Ranch, minutes away from Dove Creek shopping area. Easy access to 1604, 151, 90, and 410! Home has upgrades top to bottom to include (but not limited to): ceramic (wood plank) tile through entire 1st floor, upgraded handmade custom cabinets & quartz countertop in kitchen ($12k upgrade), converted formal dining/study/media room, brand new carpet upstairs and master closet, double pantries, halo lights in kitchen, brand new HVAC, and brand new water heater! Privacy fence will be replaced, all bathroom countertops will be upgraded, and accessible accessories in home can be removed per buyer request. Custom wrought iron fixture in upstairs loft area is negotiable.

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: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Kriewald Rd Elementary School Primary Regular 585 35 6
Francis R. Scobee Middle School Middle Regular 968 59 4
Southwest High School High Regular 3,545 195 3

Kriewald Rd Elementary School

  • Education Level: Primary
  • # of students: 585
  • # of teachers: 35
6
GreatSchools Rating

Francis R. Scobee Middle School

  • Education Level: Middle
  • # of students: 968
  • # of teachers: 59
4
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$223,110$272,690$247,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$915
Property Tax -$553
Property Insurance -$160
HOA -$28
Property Management Fees -$99
CASH FLOW
-$126

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.

$247,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,444

INVESTMENT

$71,444

Down Payment
$61,975
Rehab Estimate
$5,750
Closing Costs
$3,719

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$915

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,975
Loan Amount $185,925
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,724

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,635

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6303$1,6754$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 3430 Kodiak Diamond San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.71
    •  
  • 3402 Blue Topaz San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 2005
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.65
    •  
  • 11127 Palomino Blf San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2013
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.72
    •  
  • 3814 Browning Bluff San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2010
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.73
    •  
  • 11131 Palomino Bluff San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2013
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.73
    •  
PROPERTY LISTING DETAILS
Ashley Draven
1.210.284.4904
Dillingham & Toone Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1491982
Last Updated: 10/31/2020
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