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3515 Eagle Crk San Antonio, TX 78222

4 Beds 3 Baths 1,980 sqft Built 1998

INVESTimate

$199,000

List Price

$1,500

$1,350 - $1,650

Rent Est.

$205,925  ( +3.48%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $100.51
  • 5 Days on Market
  • MLS # : 1478792
  • Updated Date : 08/22/2020 at 21:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,980 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Heritage

Listing Agent's Description

Welcome Home! Cozy move-in ready home is ready for you. Beautiful tile floors throughout the main level enhance the feel of this spacious floor plan! Tasteful finishes at every turn from granite countertops, soothing paint colors, like new appliance package, lighting fixtures, and hardware! Spacious master suite w/ big walk-in closet with shelving provided and master bath. Three additional rooms perfect for office space, kids room, or guest room. Two car garage. Big backyard space on a 7,245 sq ft lot and ready for personal touches! This property exudes a contemporary vibe while honoring the original architecture and design of this home. No HOAs! https://www.youtube.com/watch?v=eqrapHGoRMw

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: Crestlake

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Crestlake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Sinclair Elementary School Primary Regular 618 38 2
Legacy Middle School Middle Regular 1,146 64 2
East Central High School High Regular 2,943 146 3

Sinclair Elementary School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 38
2
GreatSchools Rating

Legacy Middle School

  • Education Level: Middle
  • # of students: 1,146
  • # of teachers: 64
2
GreatSchools Rating

East Central High School

  • Education Level: High
  • # of students: 2,943
  • # of teachers: 146
3
GreatSchools Rating
 

$179,100$218,900$199,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$734
Property Tax -$444
Property Insurance -$141
Property Management Fees -$99
CASH FLOW
$81

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$199,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 3.48%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,485

INVESTMENT

$58,485

Down Payment
$49,750
Rehab Estimate
$5,750
Closing Costs
$2,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,750
Loan Amount $149,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$10,208

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
  • $0.76

    LIST RENT PER SQFT
  • $1,539

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4293$1,4754$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 3515 Eagle Crk San Antonio, 4
    • 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.76
    •  
  • 3407 Southton View San Antonio, 1
    • 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 2017
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.75
    •  
  • 3935 Southern Bluff San Antonio, 2
    • 4 beds 3 baths ∙ 1,881 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,881 Sqft ∙ Built 2007
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,429
    • $0.76
    •  
  • 5923 Pearl Pass San Antonio, 3
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 2012
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.78
    •  
  • 5907 Pearl Pass San Antonio, 5
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2013
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.82
    •  
PROPERTY LISTING DETAILS
Scott Malouff
1.210.365.6192
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478792
Last Updated: 08/22/2020
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