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3450 Still Pond San Antonio, TX 78245

4 Beds 3 Baths 2,070 sqft Built 2015

INVESTimate

$225,000

List Price

$1,490

$1,341 - $1,639

Rent Est.

$233,775  ( +3.90%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $108.70
  • 2 Days on Market
  • MLS # : 1479216
  • Updated Date : 08/25/2020 at 19:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,070 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max North-san Antonio

Listing Agent's Description

Charming 2 story, 4 bed, 2.5 bath home in Kriewald Place Subdivision. This home features completely new paint throughout, tile flooring downstairs, brand new carpet upstairs, and an extended patio. Located in a cul de sac and on a green belt. Walking distance to the elementary school and neighboring amenities just down the road. Great neighborhood that is convenient to Lackland AFB, major highways and shopping centers. Only 20 minutes away from downtown SA. Check out your new home today!

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
Michael Elementary School Primary Regular 828 52 3
Rayburn Middle School Middle Regular 978 73 4
John Jay High School High Regular 2,929 182 3

Michael Elementary School

  • Education Level: Primary
  • # of students: 828
  • # of teachers: 52
3
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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

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$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$830
Property Tax -$502
Property Insurance -$147
HOA -$18
Property Management Fees -$99
CASH FLOW
-$106

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.

$225,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.90%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,801

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,465

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3503$1,4904$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 3450 Still Pond San Antonio, 3
    • 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.72
    •  
  • 9622 Sandflat Pass San Antonio, 1
    • 5 beds 3 baths ∙ 2,004 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,004 Sqft ∙ Built 2005
    property image
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.67
    •  
  • 9903 Carswell Peak San Antonio, 2
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2007
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.72
    •  
  • 9934 Belmore Cove San Antonio, 4
    • 3 beds 3 baths ∙ 2,041 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,041 Sqft ∙ Built 2016
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.73
    •  
  • 3726 Krie Trail San Antonio, 5
    • 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2005
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.71
    •  
PROPERTY LISTING DETAILS
Christy Rupp
1.210.422.6486
Re/max North-san Antonio
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1479216
Last Updated: 08/25/2020
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