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3434 Copper Rim San Antonio, TX 78245

3 Beds 3 Baths 1,619 sqft Built 2009

$184,900

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2009
  • Price/Sqft : $114.21
  • 5 Days on Market
  • MLS # : 1493214
  • Updated Date : 11/04/2020 at 21:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,619 sqft
  • Baths : 2 full , 1 half
Listing Agent

Vortex Realty

Listing Agent's Description

Take a look at this wonderful home in Kriewald Place. Exterior features a private fence, large yard & new custom deck for great for outdoor entertaining Efficient eat-in kitchen design w/ stainless appliances, nice counters, & tile back splash. Very nice size bedrooms upstairs; Master easily holds a king-size bed. Upstairs Study can easily be converted as a 4th bdrm. Home has 2.5 baths including a guest half-bath; 2nd flr mster bath w/ separate garden tub & shower, & 2nd bath. Convenient to NSA, Medina, Lackland, 1604, & shopping

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
Fisher Elementary School Primary Regular 866 58 6
Rayburn Middle School Middle Regular 978 73 4
John Jay High School High Regular 2,929 182 3

Fisher Elementary School

  • Education Level: Primary
  • # of students: 866
  • # of teachers: 58
6
GreatSchools Rating

Rayburn Middle School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 73
4
GreatSchools Rating

John Jay High School

  • Education Level: High
  • # of students: 2,929
  • # of teachers: 182
3
GreatSchools Rating
 

$166,410$203,390$184,900

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$682
Property Tax -$413
Property Insurance -$121
HOA -$50
Property Management Fees -$99
CASH FLOW
-$44

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.

$184,900

PROJECTED PRICE

$1,320

PROJECTED RENT

0.71%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,749

INVESTMENT

$54,749

Down Payment
$46,225
Rehab Estimate
$5,750
Closing Costs
$2,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$682

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,225
Loan Amount $138,675
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$2,782

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,461

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,320
1$1,3202$1,3453$1,3494$1,3655$1,500
$1,500
RENT COMPS ANALYSIS
  • 3434 Copper Rim San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,619 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,619 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.82
    •  
  • 3418 Palmetto Pass San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 2012
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.92
    •  
  • 9822 Vandenberg Way San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 2008
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.92
    •  
  • 3411 Calico Corner San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,644 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,644 Sqft ∙ Built 2007
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.83
    •  
  • 9918 Belmore Cove San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2016
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.94
    •  
PROPERTY LISTING DETAILS
Jonathan Leos
1.210.396.1652
Vortex Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1493214
Last Updated: 11/04/2020
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