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3511 Lynn Kaye Circle San Antonio, TX 78217

3 Beds 3 Baths 1,528 sqft Built 1985

$229,900

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $150.46
  • 3 Days on Market
  • MLS # : 1505593
  • Updated Date : 01/22/2021 at 22:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,528 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redbird Realty Llc

Listing Agent's Description

Beautiful home with updates in the highly desired gated community of Towne Lake! Northeast ISD, move-in ready with NO CARPET! Excellent location in a cul-de-sac and convenient access to major highways, parks, and airports. Large covered back patio with storage building, washer, dryer, window coverings stay. The home has been kept and cared for by original owners, will not stay on market long!

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MARKET HIGHLIGHTS

  • The metro contributes to 7.2 percent of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Towne Lake

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $86k213k

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

Neighborhood: Towne Lake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8451546

* 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
Oak Grove Elementary School Primary Regular 440 32 3
Garner Middle School Middle Regular 992 69 6
Macarthur High School High Regular 2,544 153 6

Oak Grove Elementary School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 32
3
GreatSchools Rating

Garner Middle School

  • Education Level: Middle
  • # of students: 992
  • # of teachers: 69
6
GreatSchools Rating

Macarthur High School

  • Education Level: High
  • # of students: 2,544
  • # of teachers: 153
6
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$799
Property Tax -$513
Property Insurance -$115
HOA -$47
Property Management Fees -$99
CASH FLOW
-$73

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.

$229,900

PROJECTED PRICE

$1,500

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.4%
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-$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$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,148

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,589

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5953$1,6954$1,7255$1,750
$1,750
RENT COMPS ANALYSIS
  • 3511 Lynn Kaye Circle San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,528 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,528 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.98
    •  
  • 2907 Briarcroft St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1969
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.00
    •  
  • 9718 Titan Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1968
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.06
    •  
  • 10922 Lake Path Dr San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 1987
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.97
    •  
  • 10747 Lake Path Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1985
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.13
    •  
PROPERTY LISTING DETAILS
Carilyn Hipp
1.210.514.3711
Redbird Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1505593
Last Updated: 01/22/2021
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