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3711 Wetmore Ridge San Antonio, TX 78247

3 Beds 2 Baths 1,505 sqft Built 1998

$225,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $149.50
  • 2 Days on Market
  • MLS # : 1545054
  • Updated Date : 07/12/2021 at 23:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,505 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

Charming cottage style, well maintained 3 bedroom, 2 bath single story home in a gated community with easy access to Thousand Oaks, 281, 1604, 410, Airport, ample shopping and eating facilities. No carpet throughout the house; large walk in Pantry; Roof 2020; Fresh Paint; Large back yard - goes beyond the gate on the side; covered patio; A must see.

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: S.A. James Place

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: S.A. James Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8451472

* 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
Stahl Elementary School Primary Regular 1,004 59 3
Driscoll Middle School Middle Regular 900 54 5
Madison High School High Regular 3,364 190 5

Stahl Elementary School

  • Education Level: Primary
  • # of students: 1,004
  • # of teachers: 59
3
GreatSchools Rating

Driscoll Middle School

  • Education Level: Middle
  • # of students: 900
  • # of teachers: 54
5
GreatSchools Rating

Madison High School

  • Education Level: High
  • # of students: 3,364
  • # of teachers: 190
5
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$782
Property Tax -$502
Property Insurance -$114
HOA -$35
Property Management Fees -$99
CASH FLOW
-$162

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.

$225,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 6.6%
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$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$393

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,464

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,3703$1,4504$1,6255$1,695
$1,695
RENT COMPS ANALYSIS
  • 3711 Wetmore Ridge San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.91
    •  
  • 3930 Heritage Hill Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1983
    property image
    LEASED 03/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.91
    •  
  • 14218 Wetmore Bend San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 1999
    property image
    LEASED 03/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
  • 3522 Bunyan St San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1978
    property image
    LEASED 04/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.98
    •  
  • 3506 Mistic Grove San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 1991
    property image
    LEASED 06/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.01
    •  
PROPERTY LISTING DETAILS
Aneeta Bhalla
1.210.857.6151
Coldwell Banker D'ann Harper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1545054
Last Updated: 07/12/2021
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