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3807 S Southern Grove San Antonio, TX 78222

3 Beds 2 Baths 1,624 sqft Built 2006

INVESTimate

$185,000

List Price

$1,370

$1,233 - $1,507

Rent Est.

$191,179  ( +3.34%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $113.92
  • 2 Days on Market
  • MLS # : 1479253
  • Updated Date : 08/25/2020 at 21:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,624 sqft
  • Baths : 2 full
Listing Agent

Weichert, Realtors - Select

Listing Agent's Description

Beautiful well kept home. This One Story home features an open floor plan. Ceramic tile in Foyer, Kitchen, Washroom and Master Bath. laminate flooring in the Living room and Master Bedroom and 2nd bedroom. Bedroom 3 has carpet flooring. LARGE backyard for family gatherings BBQ's and family gatherings. A must see. This home is priced to sell.

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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
 

$166,500$203,500$185,000

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$683
Property Tax -$413
Property Insurance -$121
HOA -$30
Property Management Fees -$99
CASH FLOW
$24

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.

$185,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 3.34%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$5,645

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
  • $0.84

    LIST RENT PER SQFT
  • $1,502

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,3753$1,4254$1,4955$1,695
$1,695
RENT COMPS ANALYSIS
  • 3807 S Southern Grove San Antonio, 1
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.84
    •  
  • 4619 Le Villas San Antonio, 2
    • 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
    •  
  • 4607 Le Villas San Antonio, 3
    • 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
    •  
  • 6323 Sinclair Rd San Antonio, 4
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2013
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.96
    •  
  • 3802 Southern Grove San Antonio, 5
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2006
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
PROPERTY LISTING DETAILS
Richard Chavez
1.210.724.9214
Weichert, Realtors - Select
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1479253
Last Updated: 08/25/2020
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