Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3814 Wetmore Ridge San Antonio, TX 78247

3 Beds 2 Baths 1,505 sqft Built 1997

$159,900

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $106.25
  • 3 Days on Market
  • MLS # : 1493773
  • Updated Date : 11/07/2020 at 15:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,505 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Heritage

Listing Agent's Description

Gated community! Amazing opportunity to purchase the cheapest property in Wetmore Heights all year. This property is priced aggressively low and under it's taxed value for a quick as-is sale! Put the cosmetic TLC this beauty needs and move in with instant equity. Centrally located close to the airport, shopping centers, 1604, and 281. This one has a converted garage that is a perfect 4th bedroom or gameroom/playroom. Come see it today!

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
 

$143,910$175,890$159,900

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$590
Property Tax -$357
Property Insurance -$114
HOA -$35
Property Management Fees -$99
CASH FLOW
$205

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.

$159,900

PROJECTED PRICE

$1,400

PROJECTED RENT

0.88%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$48,124

INVESTMENT

$48,124

Down Payment
$39,975
Rehab Estimate
$5,750
Closing Costs
$2,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$590

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $39,975
Loan Amount $119,925
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$21,623

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,430

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,4003$1,4504$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 3814 Wetmore Ridge San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.93
    •  
  • 3855 Briarhaven St San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1977
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.90
    •  
  • 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
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
  • 3506 Mistic Grove San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 1991
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.95
    •  
  • 3802 Wetmore Ridge San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,672 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,672 Sqft ∙ Built 1997
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
PROPERTY LISTING DETAILS
John Rodriguez
1.210.724.2001
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1493773
Last Updated: 11/07/2020
BESbswy