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3648 Candlehill San Antonio, TX 78244

4 Beds 2 Baths 1,572 sqft Built 2020

$195,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $124.05
  • 4 Days on Market
  • MLS # : 1505339
  • Updated Date : 01/21/2021 at 23:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,572 sqft
  • Baths : 2 full
Listing Agent

Springfield Realty Llc

Listing Agent's Description

Rare opportunity in Candlewood Park! Brand new construction! Completely rebuilt from the slab up, this gorgeous home features upgrades you don't often find in the area. Main living areas & wet areas feature wood-look ceramic tile. The gorgeous kitchen has white cabinets, gorgeous white granite, and TONS of counter space. Both bathrooms feature walk-in showers with upgraded tile work. Of course, all appliances, 14 SEER HVAC, roof, light fixtures, etc all BRAND NEW! Recessed lighting. Sliding glass door to backyard. Attic fan. Multiple rooms prepped for wall-mount tv. Elementary school right around the corner! No city taxes!

SEE MORE

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: Candlewood

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Candlewood

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
Candlewood Elementary School Primary Regular 670 49 2
Metzger Middle School Middle Regular 967 57 3
Wagner High School High Regular 2,274 138 3

Candlewood Elementary School

  • Education Level: Primary
  • # of students: 670
  • # of teachers: 49
2
GreatSchools Rating

Metzger Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 57
3
GreatSchools Rating

Wagner High School

  • Education Level: High
  • # of students: 2,274
  • # of teachers: 138
3
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$677
Property Tax -$435
Property Insurance -$118
Property Management Fees -$99
CASH FLOW
-$59

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$195,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 3.0%
Maintenance Year (1-5) 3.00%
Vacancy 9.54%
Length of Stay Years 2

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,675

INVESTMENT

$53,675

Down Payment
$48,750
Rehab Estimate
$2,000
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$677

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$1,754

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,415

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,270
1$1,2702$1,2953$1,3804$1,4505$1,550
$1,550
RENT COMPS ANALYSIS
  • 3648 Candlehill San Antonio, TX 1
    • 4 beds 2 baths ∙ 1,572 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,572 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.81
    •  
  • 3716 Candlebrook Ln San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,501 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,501 Sqft ∙ Built 2000
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.86
    •  
  • 6102 Candletree San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,501 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,501 Sqft ∙ Built 2000
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.92
    •  
  • 2615 Indian Forest San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 2016
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.91
    •  
  • 2602 Live Oak Pass San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 2017
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
PROPERTY LISTING DETAILS
Danni Springfield
1.210.286.9452
Springfield Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1505339
Last Updated: 01/21/2021
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