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3742 Candlewind Ln San Antonio, TX 78244

4 Beds 3 Baths 1,945 sqft Built 1987

INVESTimate

$167,500

List Price

$1,370

$1,233 - $1,507

Rent Est.

$172,592  ( +3.04%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $86.12
  • 3 Days on Market
  • MLS # : 1478898
  • Updated Date : 08/24/2020 at 05:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,945 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Corridor

Listing Agent's Description

Spacious & very well kept home waiting for a new you to call home. Fall in love with the open living area downstairs! Tiles throughout the main floor. Cute breakfast nook, stylish back-splash in kitchen. Nice-size patio & huge backyard are waiting to host barbecues & birthday parties! Every room in this home is flooded with natural light, including both bathrooms

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: 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
 

$150,750$184,250$167,500

PURCHASE PRICE

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

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$50k$100k$150k$200k$250k$300k$350k$400k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$618
Property Tax -$374
Property Insurance -$139
Property Management Fees -$99
CASH FLOW
$140

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.

$167,500

PROJECTED PRICE

$1,370

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 3.04%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,138

INVESTMENT

$50,138

Down Payment
$41,875
Rehab Estimate
$5,750
Closing Costs
$2,513

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$618

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,875
Loan Amount $125,625
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$14,200

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
  • $0.7

    LIST RENT PER SQFT
  • $1,434

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3703$1,3954$1,3955$1,495
$1,495
RENT COMPS ANALYSIS
  • 3742 Candlewind Ln San Antonio, 2
    • 4 beds 3 baths ∙ 1,945 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,945 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.70
    •  
  • 4066 Enchanted Sun San Antonio, 1
    • 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 1983
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.72
    •  
  • 2914 Candleside Dr San Antonio, 3
    • 4 beds 3 baths ∙ 2,008 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,008 Sqft ∙ Built 2007
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.69
    •  
  • 3619 Dunlap Fields Converse, 4
    • 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 2005
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.72
    •  
  • 6135 Lyndell Springs San Antonio, 5
    • 4 beds 3 baths ∙ 1,831 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,831 Sqft ∙ Built 2000
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.82
    •  
PROPERTY LISTING DETAILS
Cynthia Manak
1.832.547.8820
Re/max Corridor
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478898
Last Updated: 08/24/2020
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