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4005 Sunrise Creek Dr San Antonio, TX 78244

3 Beds 3 Baths 1,252 sqft Built 1984

$140,000

List Price

$1,080

$972 - $1.2K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $111.82
  • 3 Days on Market
  • MLS # : 1506670
  • Updated Date : 02/13/2021 at 18:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,252 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Heritage

Listing Agent's Description

Welcome Home! A charming 3 bedroom home located in the Sunrise subdivision. Freshly painted throughout the home, updated floorings, and NEW windows and NO carpet! The home offers an open floor plan with plenty of natural light. The backyard has HUGE yard great for entertaining or just relaxing outside. Close to schools, shopping areas and freeways. A must see!

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: Sunrise

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $64k204k

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

Neighborhood: Sunrise

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
 

$126,000$154,000$140,000

PURCHASE PRICE

$972$1,188$1,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,080
EXPENSES Loan Payment -$486
Property Tax -$313
Property Insurance -$99
Property Management Fees -$99
CASH FLOW
$83

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.

$140,000

PROJECTED PRICE

$1,080

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 5.3%
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$50k$100k$150k$200k$250k$300k$350k$400k$450k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$42,850

INVESTMENT

$42,850

Down Payment
$35,000
Rehab Estimate
$5,750
Closing Costs
$2,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$486

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $35,000
Loan Amount $105,000
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$7,636

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,080

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,061

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$9753$1,0504$1,0805$1,145
$1,145
RENT COMPS ANALYSIS
  • 4005 Sunrise Creek Dr San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,252 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,252 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,080
    • $0.86
    •  
  • 4158 Hunters Sun Dr San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,168 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,168 Sqft ∙ Built 1985
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.81
    •  
  • 5839 Sun Bay San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,168 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,168 Sqft ∙ Built 1986
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $975
    • $0.83
    •  
  • 4134 Sunrise Glade Dr San Antonio, TX 3
    • 3 beds 1 baths ∙ 1,175 Sqft ∙ Built 1985 3 beds 1 baths ∙ 1,175 Sqft ∙ Built 1985
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.89
    •  
  • 3743 Candleglenn San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 2002
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,145
    • $0.86
    •  
PROPERTY LISTING DETAILS
Anthony White
1.210.878.7646
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1506670
Last Updated: 02/13/2021
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