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3855 Candleglenn San Antonio, TX 78244

4 Beds 3 Baths 2,042 sqft Built 2003

$208,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $101.86
  • 2 Days on Market
  • MLS # : 1512716
  • Updated Date : 03/06/2021 at 13:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,042 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kuper Sotheby's Int'l Realty

Listing Agent's Description

Come check out this 4 bedroom, 2.5 bath home located near Wagner High School. The home features a large living/family room area and a spacious kitchen with ample cabinetry. The master bedroom is located upstairs along with 3 additional good-sized bedrooms. Tranquil backyard has a large deck area that is great for relaxing or outdoor cooking. Located minutes from shopping, entertainment, Randolph Air Force Base, Fort Sam Houston, and SAMC.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (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
 

$187,200$228,800$208,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$722
Property Tax -$464
Property Insurance -$145
HOA -$25
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.

$208,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 3.0%
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

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$60,870

INVESTMENT

$60,870

Down Payment
$52,000
Rehab Estimate
$5,750
Closing Costs
$3,120

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$722

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,000
Loan Amount $156,000
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$4,787

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,465

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,4953$1,5004$1,5005$1,645
$1,645
RENT COMPS ANALYSIS
  • 3855 Candleglenn San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.72
    •  
  • 3015 Candleside Dr San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2010
    property image
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.70
    •  
  • 3111 Candleside Dr San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2009
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.70
    •  
  • 6515 Candlebrite Dr San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2011
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.70
    •  
  • 3314 Candleside Dr San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2011
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.77
    •  
PROPERTY LISTING DETAILS
Tetyana Smith
1.210.827.7413
Kuper Sotheby's Int'l Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1512716
Last Updated: 03/06/2021
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