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3819 Palo Solo San Antonio, TX 78223

3 Beds 3 Baths 1,866 sqft Built 2003

$219,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $117.36
  • 5 Days on Market
  • MLS # : 1492326
  • Updated Date : 10/30/2020 at 23:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,866 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Hill Country

Listing Agent's Description

Charming, recently updated throughout, and ready for your choosiest buyers! Step into your large living area with beautiful tile and abundant light. The expansive remodeled kitchen has new cabinetry, granite countertops, new appliances, and dining area. You'll love the large master bedroom with new carpet and remodeled master bath. Secondary bedrooms are large, have new carpet, share a beautifully remodeled bathroom, and make a great retreat for family members. Upstairs also has a loft/game area. You'll be delighted with the fresh paint, new window coverings, recent roof and HVAC. Large, flat lot with new sod is great for outdoor activities. Excellent location to shopping; walk to the neighborhood elementary school.

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: Woodbridge at Monte Viejo

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Woodbridge at Monte Viejo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6791555

* 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
Highland Forest Elementary School Primary Regular 526 34 2
Legacy Middle School Middle Regular 1,146 64 2
East Central High School High Regular 2,943 146 3

Highland Forest Elementary School

  • Education Level: Primary
  • # of students: 526
  • # of teachers: 34
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
 

$197,100$240,900$219,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$808
Property Tax -$489
Property Insurance -$135
HOA -$20
Property Management Fees -$99
CASH FLOW
$19

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.

$219,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 3.4%
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-$4.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,785

INVESTMENT

$63,785

Down Payment
$54,750
Rehab Estimate
$5,750
Closing Costs
$3,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$808

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,750
Loan Amount $164,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$6,332

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,572

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5453$1,5704$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 3819 Palo Solo San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,866 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,866 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.84
    •  
  • 7410 Gamble Oak Dr San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 2005
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.80
    •  
  • 8302 Prickly Oak San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 2017
    property image
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.81
    •  
  • 8311 Prickly Oak San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 2017
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 3614 Seco Tierra San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 2017
    property image
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
PROPERTY LISTING DETAILS
Stacy Heines-stewart
1.210.535.1487
Keller Williams Hill Country
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492326
Last Updated: 10/30/2020
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