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3454 Kodiak Diamond San Antonio, TX 78245

3 Beds 3 Baths 2,373 sqft Built 2005

$239,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $101.10
  • 3 Days on Market
  • MLS # : 1503082
  • Updated Date : 01/09/2021 at 01:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,373 sqft
  • Baths : 2 full , 1 half
Listing Agent

Clark Realty & Associates,llc

Listing Agent's Description

A beautiful and well-maintined home located in a prime location, minutes from major shopping and dining. This home features 3 living areas, a separate dining area, and three bedrooms all of which are located on the second level. The decorative marble-look concrete floor throughout the entire first floor gives a major WOW factor to this home. Plush carpeting upstairs in all bedrooms and loft area. The master bedroom is large enough for an at-home office or reading nook. The upstairs loft area can be used as a media or game room, options are limitless with this amount of space! Make sure to schedule your showing 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
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
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$833
Property Tax -$536
Property Insurance -$164
HOA -$28
Property Management Fees -$99
CASH FLOW
-$129

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.

$239,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.64%

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$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$833

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$929

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,554

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,5304$1,5505$1,649
$1,649
RENT COMPS ANALYSIS
  • 3454 Kodiak Diamond San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,373 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,373 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.64
    •  
  • 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
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.65
    •  
  • 10855 Red Musket Trail San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,337 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,337 Sqft ∙ Built 2008
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.64
    •  
  • 3442 Blue Topaz San Antonio, TX 4
    • 3 beds 3 baths ∙ 2,373 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,373 Sqft ∙ Built 2005
    property image
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.65
    •  
  • 3623 Bisley Pass San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 2012
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.68
    •  
PROPERTY LISTING DETAILS
Kristy Dakin
1.210.396.6182
Clark Realty & Associates,llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1503082
Last Updated: 01/09/2021
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