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4019 Miho San Antonio, TX 78223

3 Beds 2 Baths 1,707 sqft Built 2005

$170,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $99.59
  • 3 Days on Market
  • MLS # : 1494984
  • Updated Date : 11/13/2020 at 19:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,707 sqft
  • Baths : 2 full
Listing Agent

Piazza Realty Group, Llc

Listing Agent's Description

This is a 3 bed 2 bath home with a study that is priced below other one story homes in the area. Has a new roof as of April 2020 on a lot with mature trees. Ready for you to give a little TLC and paint inside to make your own. Minutes from Hwy 37 and major shopping. Come take a look and get into this house before its gone.

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
 

$153,000$187,000$170,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$627
Property Tax -$385
Property Insurance -$126
HOA -$13
Property Management Fees -$99
CASH FLOW
$291

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.

$170,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.91%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k$450k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,800

INVESTMENT

$50,800

Down Payment
$42,500
Rehab Estimate
$5,750
Closing Costs
$2,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,500
Loan Amount $127,500
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$30,278

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,549

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,5404$1,5955$1,649
$1,649
RENT COMPS ANALYSIS
  • 4019 Miho San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.90
    •  
  • 3818 Otono San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2007
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.86
    •  
  • 4027 Mas Frio San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2006
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.88
    •  
  • 3614 Seco Tierra San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 2017
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
  • 8042 Chisos Oak Dr San Antonio, TX 5
    • 4 beds 3 baths ∙ 1,695 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,695 Sqft ∙ Built 2006
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.97
    •  
PROPERTY LISTING DETAILS
Sheila Piazza
1.210.822.2702
Piazza Realty Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1494984
Last Updated: 11/13/2020
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