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3703 Southton View San Antonio, TX 78222

5 Beds 3 Baths 2,578 sqft Built 2017

$224,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $87.24
  • 3 Days on Market
  • MLS # : 1499200
  • Updated Date : 12/11/2020 at 06:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,578 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Legacy

Listing Agent's Description

Ready for move-in, this 5 bedroom 2.5 bath two story home offers a modern and stylish look with updated fixtures and accents throughout. Upgraded kitchen features granite counter tops, stainless steel appliances, and refinished cabinets. Upgraded master and bath features a beautiful stained barn door, granite his & hers vanity with glass tile backsplash, and large walk-in master closet. Additional property features: laminate throughout, modern pipe light fixture at dinning, wireless doorbell, outdoor areas with patio area, fire pit, and even horseshoe pit for those fun family get togethers. Schedule a showing today to view this newly listed home in east San Antonio.

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: Lakeside

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Lakeside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6621456

* 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
 

$202,410$247,390$224,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$830
Property Tax -$504
Property Insurance -$176
HOA -$8
Property Management Fees -$99
CASH FLOW
$163

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.

$224,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$65,349

INVESTMENT

$65,349

Down Payment
$56,225
Rehab Estimate
$5,750
Closing Costs
$3,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,225
Loan Amount $168,675
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$17,146

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,805

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6253$1,7804$1,875
$1,875
RENT COMPS ANALYSIS
  • 3703 Southton View San Antonio, TX 3
    • 5 beds 3 baths ∙ 2,578 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,578 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.69
    •  
  • 3542 Glacier Lk San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2014
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.69
    •  
  • 5906 Cinnabar Cove San Antonio, TX 2
    • 4 beds 2 baths ∙ 2,284 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,284 Sqft ∙ Built 2007
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.71
    •  
  • 5935 Imperial Topaz San Antonio, TX 4
    • 5 beds 4 baths ∙ 2,675 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,675 Sqft ∙ Built 2006
    property image
    LEASED 06/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.70
    •  
PROPERTY LISTING DETAILS
John Biela
1.210.414.9247
Keller Williams Legacy
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1499200
Last Updated: 12/11/2020
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