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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $134.28
- 3 Days on Market
- MLS # : 1508196
- Updated Date : 02/05/2021 at 15:27
CONSTRUCTION
- Beds : 3
- Floor Size : 1,415 sqft
- Baths : 2 full , 1 half
Listing Agent
Jb Goodwin, Realtors
Listing Agent's Description
This well maintained and cozy home has 3 bedrooms, 2.5 bathrooms with plenty of living space. The open floor plan and large covered patio is ideal for entertaining guests inside and out - complemented with a perfect size yard and easy care landscaping. Conveniently located 4 minutes from IH-410, restaurants and shopping. Perfect opportunity for first-time home buyer. Schedule your showing today!
SEE MORE
- 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: Lakeside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakeside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,280 |
| EXPENSES | Loan Payment | -$660 |
| Property Tax | -$424 | |
| Property Insurance | -$109 | |
| HOA | -$9 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$21
|
||
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.
$190,000
PROJECTED PRICE
$1,280
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.31% |
| Appreciation Year (1-5) | 3.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.54% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$56,100
LOAN DETAILS
$660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $47,500 |
| Loan Amount | $142,500 |
2.25
YEARS SAVED
$2,911
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,280
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,277
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
3615 Southton View San Antonio, TX 2
- 3 beds 3 baths ∙ 1,415 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,415 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,280
- $0.90
-
6139 Lake Victoria St San Antonio, TX 1
- 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2006
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,250
- $0.91
-
4619 Le Villas San Antonio, TX 3
- 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2015
LEASED 04/17/20- Rent
- Rent Per SQFT
- $1,375
- $0.88
-
4611 Red Heeler San Antonio, TX 4
- 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2015
LEASED 12/08/20- Rent
- Rent Per SQFT
- $1,395
- $0.90
-
4607 Le Villas San Antonio, TX 5
- 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2015
LEASED 05/27/20- Rent
- Rent Per SQFT
- $1,425
- $0.92
PROPERTY LISTING DETAILS
1.210.417.6300
Jb Goodwin, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1508196
Last Updated: 02/05/2021
