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INVESTimate
$225,000
List Price
$65,375
REQUEST INFO
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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
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
INVESTMENT
$65,375
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $56,250 |
Loan Amount | $168,750 |
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
PROPERTY LISTING DETAILS
1.210.422.6486
Re/max North-san Antonio
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1479216
Last Updated: 08/25/2020